Document:

MEMBERSHIP
INTEREST PURCHASE AGREEMENT

by
and among

SIGAL
CONSULTING, LLC,

a
Massachusetts limited liability company,

WORLDS
ONLINE INC.,

a
Delaware corporation

MARIMED
ADVISORS INC.,

a
Delaware corporation,

ROBERT
FIREMAN,

GERALD
J. MCGRAW JR.,

JON
R. LEVINE, and

JAMES
E. GRIFFIN JR.

May
19, 2014

 

This
document has been prepared solely to facilitate discussions of a possible transaction among the parties identified herein. It
is not intended, and will not be deemed, to constitute an offer or agreement, or to create legally binding or enforceable obligations,
of any type or nature. No such offer, agreement or obligations shall be made or created among the parties identified herein except
pursuant to a written agreement executed by such parties.

    	(1)

    	 

    

MEMBERSHIP
INTEREST PURCHASE AGREEMENT

This
Membership Interest Purchase Agreement (this “Agreement”) is entered into on May 19, 2014, by and among Sigal
Consulting LLC, a Massachusetts limited liability company (the “Company”), Worlds Online Inc., a Delaware corporation
(“WORX”), MariMed Advisors Inc., a Delaware corporation (“Buyer”), and each of Robert Fireman, Gerald
J. McGraw Jr., Jon R. Levine and James E. Griffin Jr. (each a “Seller” and collectively, the “Sellers”).
Buyer, the Company, WORX and the Sellers are sometimes collectively referred to herein as the “Parties” and
each individually as a “Party.”

WHEREAS,
as of the date hereof, the Sellers are the beneficial and record owners of all of the issued and outstanding membership interests
(the “Interests”) in the Company, with each Seller owning the percentage of such Interests (the “Percentage
Interests”) as set forth on Exhibit A attached hereto; and

WHEREAS,
Buyer desires to acquire all of the Interests from the Sellers, and each Seller desires to sell his or its respective Interests
to Buyer, in each case upon the terms, in the manner and subject to the conditions set forth in this Agreement.

NOW,
THEREFORE, in consideration of the premises, mutual covenants, representations, warranties and agreements contained herein and
of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally
bound hereby, the Parties hereby agree as follows:

ARTICLE
I

DEFINITIONS

“Company
IP” means all Intellectual Property Rights owned by the Company.

“Environmental
Requirements” shall mean all Laws concerning pollution or protection of the environment or protection of human health
or safety from environmental hazards, including all those relating to the presence, use, production, generation, handling, transportation,
treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control or
cleanup of any hazardous materials, substances or wastes, as such requirements are enacted and in effect as of the Closing Date.

“Governmental
Authority” means any (i) federal, state, local, municipal, foreign, or other government; (ii) governmental
or quasi-governmental authority of any nature (including any governmental agency, branch, department, official, or entity and
any court or other tribunal) or (iii) body exercising, or entitled to exercise, any administrative, executive, judicial,
legislative, police, regulatory or taxing authority or power of any nature.

“Hazardous
Substance” means any substance, material or waste that is classified, regulated or otherwise characterized under any
Environmental Requirement as hazardous, toxic, a contaminant or a pollutant or by other words of similar meaning or regulatory
effect, including petroleum or any fraction thereof, asbestos, polychlorinated biphenyls and radioactive substances.

“Intellectual
Property Rights” means all rights in and to the following: (i) patents, (ii) trademarks, service marks, trade
dress, trade names, logos and corporate names together with all of the goodwill associated therewith, (iii) copyrights and
registrations and applications for registration thereof, (iv) internet domain names, (v) trade secrets and other proprietary
rights in intellectual property of every kind and nature, and (vi) all registrations, renewals, extensions, combinations,
divisions or reissues of, and applications for, any of the rights referred to in clauses (i) through (v) above.

“Knowledge,”
with respect to the Company and the Sellers, means the actual knowledge without independent investigation of Chen and Carlton
Calvin.

“Law”
means all laws, statutes, rules, regulations, ordinances, common law and other pronouncements having the effect of law of the
United States, any foreign country or any domestic or foreign state, county, city or other political subdivision of any Governmental
Authority.

“Tax”
and “Taxes” means any federal, state, local and foreign taxes, charges, fees, levies or other similar assessments
or liabilities (including income, receipts, ad valorem, value added, excise, real or personal property, sales, occupation, service,
stamp, transfer, registration, natural resources, severance, premium, windfall or excess profits, environmental, customs, duties,
use, licensing, withholding, employment, social security, unemployment, disability, payroll, share, capital, surplus, alternative,
minimum, add-on minimum, estimated, franchise or any other taxes, charges, fees, levies or other similar assessments or liabilities
of any kind whatsoever), whether computed on a separate, consolidated, unitary or combined basis or in any other manner, and includes
any interest, fines, penalties, assessments, deficiencies or additions thereto.

“Undisclosed
Liabilities” means any and all liabilities of the Company (including contingent liabilities and liabilities unknown
to the Company or any Seller) for claims arising out of, resulting from, or otherwise relating to, actions or omissions that occurred
prior to the Effective Time and are not reflected in the Financial Statements or otherwise disclosed on a schedule to this Agreement.

 

    	(2)

    	 

    

ARTICLE
II

PURCHASE AND SALE

Section
2.01       Purchase and Sale of the Interests

On the terms and conditions set forth in this Agreement, at the Closing and upon payment of the Closing Consideration by Buyer
in accordance with Section 2.02, Buyer shall purchase and accept from each Seller, and each Seller shall sell, transfer
and assign to Buyer, all of the Interests held by such Seller, whereupon Seller shall merge into Buyer.

Section
2.02       Payment of Closing Consideration. Each Seller shall sell to Buyer and Buyer shall
purchase from each Seller, all of each Seller’s Interests in consideration for an aggregate amount of (i) WORX common stock
equal to 50% of WORX’s outstanding common stock on the Closing Date (as defined below); (ii) three million stock options
of WORX to purchase WORX common stock which are exercisable over five years with an exercise price and vesting as follows: 1 million
vesting at Closing and exercisable at a price of $0.15 per share, 1 million vesting on the one year anniversary of the Closing
and exercisable at a price of $0.25 per share and 1 million vesting upon second anniversary of the Closing and exercisable at
a price of $0.35 per share; and (iii) 49% of Buyer’s outstanding common stock on the Closing Date. The shares and options
of WORX and Buyer common stock delivered as the Closing Consideration shall be allocated among the Sellers pursuant to the Percentage
Interests listed on Exhibit A hereto.

Section
2.03       The Closing

The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place at the offices
of Feder Kaszovitz LLP, 845 Third Avenue, New York, New York 10022, commencing at 10:00 a.m. local time on the second business
day following the satisfaction or waiver of all conditions to the obligations of the Parties to consummate the transactions contemplated
hereby (other than conditions with respect to actions the respective Parties will take at the Closing itself) or such other date
as the Parties may mutually determine (the “Closing Date”). The Closing shall be effective as of 11:59 p.m.,
local time, on the Closing Date (the “Effective Time”).

Section
2.04       Deliveries at the Closing

At the Closing, the Parties shall deliver or file, or cause to be delivered or filed, each of the following:

(i)             
Buyer shall deliver to each Seller such Seller’s respective portion of the Closing Consideration in accordance with Section 2.02;
and

(ii)           
Each Seller shall deliver to Buyer, duly endorsed for transfer or accompanied by a duly executed transfer power, one or more certificates
representing the Interests.

    	(3)

    	 

    

ARTICLE
III

REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COMPANY

As
a material inducement to Buyer and WORX to enter into this Agreement, the Sellers and the Company jointly and severally represent
and warrant to Buyer, as of the date hereof, as follows:

Section
3.01       Organization of the Company

The Company is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of
Massachusetts.

Section
3.02       Authorization of Transaction; Binding Effect.

(a)            
The Company has full limited liability company power and authority to own its assets and to carry on its business as is presently
conducted. The Company has the full limited liability company power and authority to execute and deliver this Agreement and to
perform its obligations hereunder. The execution and delivery of this Agreement by the Company and the performance by the Company
of its obligations hereunder have been duly authorized by all requisite limited liability company action.

(b)           
This Agreement has been duly executed and delivered by the Company and constitutes the valid and legally binding obligation of
the Company, enforceable in accordance with its terms and conditions, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally and by general equitable principles
(whether considered in a proceeding at law or in equity).

Section
3.03       Noncontravention

Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i) violate
any provision of the certificate of formation or limited liability company agreement of the Company, (ii) assuming compliance
by the Sellers with Section 4.02 and by Buyer with Section 5.03, violate any Law or other restriction of any
Governmental Authority to which the Company is subject or (iii) conflict with, result in a breach of, constitute a default
under or result in the acceleration of, any contract. The execution and delivery of this Agreement by the Company does not require
any consent or approval of any Governmental Authority.

Section
3.04       Capitalization

All of the Interests are owned beneficially and of record by the Sellers, and there are (x) no other equity interests of
the Company and (y) no outstanding or authorized options, warrants, purchase rights, subscription rights, conversion rights,
exchange rights, rights of first refusal, preemptive rights or other contracts or commitments that could require the Company to
issue, sell, or otherwise cause to become outstanding any of its equity interests.

Section
3.05       No Subsidiaries

The Company does not own or control, directly or indirectly, any interest in any other corporation, partnership, limited liability
company, association or other entity.

Section
3.06       Broker’s Fees

The Company does not have any liability or obligation to pay any fees or commissions to any broker, finder or agent with respect
to the transactions contemplated by this Agreement for which Buyer could become liable or obligated.

Section
3.07       Financial Statements; Books and Records

Set forth on Schedule 3.07 are the following financial statements (collectively, the “Financial Statements”):

(a)            
the audited balance sheet of the Company as of December 31, 2013 (the “Most Recent Audited Balance Sheet”),
and the related consolidated statements of income, members’ equity and cash flows for the fiscal year then ended(the “Most
Recent Audited Financial Statements”); and

(b)           
the unaudited balance sheet of the Company as of March 31, 2014 (the “Most Recent Balance Sheet”) and
the related statements of income and cash flows for the three (3)-month period then ended (the “Most Recent Financial
Statements”).

The
Financial Statements were prepared in accordance with the books of account and other financial records of the Company, and fairly
present in all material respects the financial condition and results of operations of the Company as of the times and for the
periods referred to therein. The Financial Statements have been prepared in accordance with GAAP, applied on a basis consistent
with the past practices of the Company; provided, however, that the Most Recent Financial Statements (i) are
subject to normal year-end adjustments and (ii) lack footnotes and other presentation items.

Section
3.08       Absence of Changes

From the date of the Most Recent Audited Financial Statements until the date of this Agreement, there has not been any material
adverse effect on the Company’s business or operations or prospects. Without limiting the generality of the foregoing, from
such date through the date of this Agreement, except as set forth on Schedule 3.08, the Company has not:

(a)            
accelerated, terminated, modified or canceled any contract;

(b)           
experienced any damage, destruction, or loss involving at least $25,000 per occurrence and not covered by insurance to
any of its material assets or property;

(c)            
made any capital expenditure (or series of related capital expenditures) involving more than $10,000 individually, or more than
$25,000 in the aggregate;

(d)           
made any capital investment in, any loan to, or any acquisition of the securities or assets of, any other person or entity;

(e)            
made any change in any method of accounting or accounting practice or policy used by the Company, other than such changes required
by GAAP;

(f)            
incurred, discharged or satisfied, any liability other than current liabilities incurred, discharged or satisfied in the ordinary
course of business;

(g)           
made any sale, transfer, lease, license, encumbrance or other disposition of any asset other than in the ordinary course of business;

(h)           
taken any action to amend, terminate or waive any material right belonging to the Company other than in the ordinary course of
business;

(i)             
transferred or granted any rights under any concessions, leases, licenses, or other contracts owned or licensed by the Company;

(j)             
granted any wage or salary increase to any member, officer or employee of the Company or any amendment to or adoption of an employee
plan under ERISA;

(k)           
other than the transactions contemplated by this Agreement, entered into any transaction, contract or commitment other than in
the ordinary course of business;

(l)             
experienced any loss of one or more suppliers, manufacturers, distributors or customers, which is reasonably likely to have an
adverse effect on revenues;

(m)         
not been any legal action pending or, to the knowledge of Seller, threatened, which relates to the Company, its business or any
of its assets, the outcome of which could reasonably be expected to have a material adverse effect on the Company’s business
operations or prospects;

(n)           
(i) incurred any indebtedness for borrowed money, other than borrowings under existing credit facilities, (ii) made any loans
or advances to any other person or entity, other than routine advances to employees consistent with past practice or (iii) assumed,
guaranteed or endorsed (whether directly, contingently otherwise) for the obligations of any other person or entity;

(o)           
made any compromise or settlement of, or the taking of any material action with respect to, any legal action;

(p)           
entered into any agreement the purpose or effect of which is to restrain, limit, or impede the Company’s ability to continue
to conduct its business following the Closing;

(q)           
entered into any other agreements, commitments or contracts which create liabilities other than in the ordinary course of business;

(r)            
cancelled or terminated any insurance policy covering any of its assets or commercial activities other than in the ordinary course
of business.

Section
3.09       Legal Compliance

Except with respect to Labor Matters (which are the subject of Section 3.16), Employee Benefits (which are the subject
of Section 3.17) and Environmental Matters (which are the subject of Section 3.18), to the Knowledge of
the Company, the Company is in compliance with all Laws applicable to the ownership and operation of the Company, including such
Laws that require the Company to possess permits, licenses, registrations and authorizations of Governmental Authorities, for
the current operation of the business of the Company.

Section
3.10       Real Property.

(a)            
The Company does not own any real property.

(b)           
Schedule 3.10(b) lists the street address of all real property leased or subleased by the Company (each, a “Leased
Real Property”). With respect to each parcel of Leased Real Property, except as would not have a material adverse effect
on the Company’s business operations or prospects:

(i)             
the lease or sublease is legal, valid, binding, enforceable, and in full force and effect (except as such enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally or by
general equitable principles); and

(ii)           
to the Knowledge of the Company, neither the Company nor the lessor nor sublessor is not in breach or default of any lease or
sublease.

(c)            
To the Knowledge of the Company, all buildings, structures, improvements, fixtures, building systems and equipment, and all components
thereof, included in the real property (the “Improvements”) are in good condition and repair. To the Knowledge
of the Company, there are no structural deficiencies or latent defects affecting any of the Improvements and there are no facts
or conditions affecting any of the Improvements which would, individually or in the aggregate, have a material adverse effect
on the Company’s business operations or prospects.

Section
3.11       Tax Matters.

(a)            
The Company has filed on a timely basis (taking into account any extensions received from the relevant taxing authorities, all
of which extensions are listed on Schedule 3.11(a)) all Tax returns that are or were required to be filed on or prior to
the date hereof with the appropriate taxing authorities in all jurisdictions in which such Tax returns are or were required to
be filed, and all such Tax returns are true, correct and complete in all material respects; (ii) all Taxes due for the periods
covered by such Tax returns have been fully paid, deposited or adequately provided for on the Financial Statements or are being
contested in good faith by appropriate proceedings; (iii) there are no encumbrances as a result of any unpaid Taxes upon any of
the Company’s assets and no basis exists for the imposition of any such encumbrances other than liens for Taxes not yet
due and payable; and (iv) no claim has ever been made by an authority in a jurisdiction where the Company does not file Tax returns
that it is or may be subject to taxation by that jurisdiction.

(b)           
The Company has not made with respect to any of its asset any consent under Section 341 of the Code nor are any of the Company’s
assets “tax exempt use property” within the meaning of Section 168(h) of the Code or a lease made pursuant to Section
168(f)(8) of the Code.

(c)            
The Company has withheld and paid all Taxes required to have been withheld and paid in connection with amounts paid (or deemed
to have been paid) or owing by the Company to any employee, independent contractor, creditor, or other third party in respect
of the period prior to the Closing Date.

(d)           
There are no deficiencies against the Company as a result of any IRS or other Government Entity examination that have not been
resolved in full, and the Company has granted any requests, agreements, consents or waivers to extend the statutory period of
limitations applicable to the assessment of any Taxes for which the Company may be liable.

(e)            
The Company has not been a member of an affiliated group of corporations filing a consolidated federal income Tax return), as
a transferee or successor, by contract or otherwise.

(f)            
Correct and complete copies of all Tax returns for the Company for taxable periods ending on or prior to December 31, 2013 have
previously been delivered to Buyer.

(g)           
The Company has disclosed on its U.S. federal income Tax Returns all positions taken therein that could give rise to a substantial
understatement of federal income Tax within the meaning of Section 6662 of the Code.

(h)           
There is no audit, claim or legal action pending against the Company in respect of any Taxes. There are no Liens on any assets
of the Company that arose in connection with any failure (or alleged failure) to pay any Tax.

(i)             
The unpaid non-income Taxes of the Company are accrued on the Most Recent Balance Sheet in accordance with GAAP;

(j)             
The Company is not a party to any tax sharing, tax indemnity or other agreement or arrangement relating to Taxes with any person
or entity and the Company is not and has never been a member of any affiliated, consolidated or unitary group for Tax purposes.

Section
3.12       Intellectual Property.

(a)            
Schedule 3.12(a) identifies each item of Company IP, including the jurisdiction in which such IP has been registered
or filed and the applicable registration or serial number.

(b)           
Schedule 3.12(b) identifies (i) all material license agreements pursuant to which Intellectual Property Rights
used in the business of the Company is licensed to the Company (other than any commercially available software licensed under
click-wrap and shrink-wrap licenses that is licensed for less than $5,000) or any web-based agreements, and (ii) all contracts
pursuant to which the Company has licensed to any third party any Intellectual Property Rights.

(c)            
Except as set forth on Schedule 3.12(c), the Company owns, leases, licenses or otherwise has a valid right to use, free
and clear of any lien other than licenses, all of the Intellectual Property Rights material to the operation of the business of
the Company as currently conducted.

(d)           
Except as set forth on Schedule 3.12(d), (i) the operation of the business of the Company as presently conducted does
not infringe, misappropriate or otherwise conflict with, any Intellectual Property Rights of any person or entity, and (ii) to
the Knowledge of the Company, no Person is currently infringing upon or misappropriating any Company IP.

(e)            
No material infringement or misappropriation written claim or proceeding is pending against the Company or threatened in writing
against the Company or, to the Knowledge of the Company, is otherwise threatened against the Company or against any other person
or entity who may be entitled to be indemnified, defended, held harmless, or reimbursed by the Company with respect to such claim
or proceeding.

Section
3.13       Contracts and Commitments.

(a)            
Schedule 3.13(a) sets forth a list as of the date of this Agreement of each of the following types of written
contracts which the Company is a party:

(i)             
any employment agreement or employment contract with any officer, independent contractor, or employee of the Company that provides
for payments by the Company in excess of $50,000 per annum and is not terminable by the Company upon notice of sixty (60) calendar
days or less for a cost of less than $50,000;

(ii)           
any employee collective bargaining agreement;

(iii)         
any contract or agreement with any officer, employee or independent contractor with respect to change of control or severance;

(iv)         
any covenant not to compete granted by the Company in favor of a third party;

(v)           
any lease or similar agreement under which (A) the Company is lessee of, or holds or uses, any machinery, equipment, vehicle or
other tangible personal property owned by a third party or (B) the Company is a lessor or sublessor of, or makes available for
use by any third party, any tangible personal property owned or leased by the Company; in any case which provides for future payments
by the Company in excess of $50,000 per annum and is not terminable by the Company upon notice of sixty (60) calendar days
or less for a cost of less than $50,000;

(vi)         
any agreement or contract under which the Company has borrowed any money or issued any note, indenture or other evidence of indebtedness
or guaranteed indebtedness of other in excess of $25,000; or

(vii)       
any other agreement, contract, lease or license, in each case not included in Section 3.13(a)(i)-(vi) or set
forth on Schedule 3.13(a), to which the Company is a party or by or to which any of its assets are bound or subject
which provides for future payments by the Company in excess of $25,000 per annum and is not terminable by the Company upon notice
of sixty (60) calendar days or less for a cost of less than $25,000 (other than Leases).

(b)           
The Company has delivered to, or made available for inspection by, Buyer a copy of each contract, lease, license, instrument or
other agreement listed on Schedule 3.13(a) (collectively, the “Material Contracts”). Except as
disclosed on Schedule 3.13(b), the Company has performed all obligations required to be performed by it as of the
date hereof under the Material Contracts and is not (with or without the lapse of time or the giving of notice, or both) in breach
or default thereunder, except for failures to perform or any such breach or default that would not have a Material Adverse Effect.
Each of the Material Contracts is a valid and binding obligation of the Company in accordance with its terms.

Section
3.14       Insurance

Schedule 3.14
lists each insurance policy maintained by the Company with respect to the properties, assets, business, operations and employees
of the Company, and sets forth a complete and accurate list and brief description of all insurance policies currently held by
the Companies with respect to its assets and any self-insurance trust. All such insurance policies are in full force and effect
and the Company is not in default regarding its obligations under any of such insurance policies.  Except as set forth
on Schedule 3.14, there are no claims for which the Company has provided notice to any of its insurers involving more than
$10,000 in any individual circumstance or exceeding $25,000.00 in the aggregate which are currently pending under any of such
insurance policies. The description of the insurance policies provided in Schedule 3.14 sets forth a true and complete statement
specifying the name of the insurer, the amount of coverage, the type of insurance, the policy numbers, and the expiration date
of such policies. Except as set forth on Schedule 3.14, such insurance policies are in full force and effect. The Company is not
delinquent with respect to any premium payments thereon. The Company is not in default or breach with respect to any material
provision contained in any such insurance policies. The Company has not been refused any insurance, and its coverage has not been
limited by an insurance carrier to which it has applied for insurance.

Section
3.15       Litigation

Except as set forth on Schedule 3.15, the Company is not a party to any legal action, nor is there any material action
threatened in writing against the Company, or to the Knowledge of the Company and the Sellers otherwise threatened before any
court or judicial or administrative agency of any Governmental Authority. Except as set forth on Schedule 3.15, there
are no circumstances that are likely to give rise to any such claim that would have a Material Adverse Effect. The Company has
not manufactured, sold or supplied any product or service which to the Company’s or Seller’s Knowledge is, was, or
will become, faulty or defective or which does not comply with any warranty or representation, express or implied, made by or
on behalf of the Company in respect of such product or service or with all Laws, standards and requirements applicable to such
product or service. 

Section
3.16       Labor Matters.

(a)            
Schedule 3.16 contains a true and complete list of all the officers, management personnel and managers and directors
of the Company, showing for each such person: (i) such person’s annualized compensation and base salary as of the date
of this Agreement, separately identifying any guaranteed bonus payments; (ii) remaining accrued vacation hours (including
the dollar value of such hours) as of the date hereof; and (iii) leave status (including type of leave), expected date of
return for non-disability related leaves and expiration dates for disability-related leaves.

(b)           
The Company is not a party to, or otherwise subject to, any collective bargaining agreement or any labor agreement with respect
to employees of the Company with any labor organization, group or association. No unfair labor practice complaint or material
labor or employment-related charge or complaint has been brought against the Company before the National Labor Relations Board
or any other Governmental Authority and, to the Company’s Knowledge, no petition has been filed or proceedings instituted
by an employee or group of employees of the Company with any labor relations board seeking recognition of a bargaining representative.
There has been no work stoppage, strike or other concerted action by employees of the Company, nor, to the Knowledge of the Company,
is any such action threatened.

(c)            
The Company has complied with all Laws relating to the employment of labor, including provisions thereof relating to wages, hours,
equal opportunity, employment discrimination, disability rights, plant closure or mass layoff issues, affirmative action, leaves
of absence, occupational health and safety, workers compensation and unemployment insurance, collective bargaining and the payment
of social security and other taxes in all material respects. There are no administrative charges, court complaints or arbitrations
pending or, to the Knowledge of the Company, threatened against the Company before the U.S. Equal Employment Opportunity Commission
or any federal, foreign, state or local court or agency, or arbitrator concerning relating to any labor, safety or employment
matters.

(d)           
No current employee has given or has been given notice to terminate his office or employment or will be entitled to give notice
as a result of the provisions of this Agreement.

(e)            
There is no outstanding or, to any Seller’s Knowledge, threatened or intimated any legal action against the Company on the
part of any individual who has been or is an employee of such Company (or the dependant of any such individual) or any actual
or known liability to make any payment to any such individual, and none of the provisions of this Agreement, including the identity
of Buyer, to any Seller’s knowledge, is likely to lead to any such dispute.

(f)            
The Company has in relation to its employees (and so far as relevant to its former employees) complied with: (A) all obligations
imposed on it by applicable Law and all codes of conduct and practice relevant to the relations between it and its employees or
it and any recognized trade union and has maintained current, accurate and suitable records regarding the service agreements and
terms and conditions of employment of each of its employees (including records kept and returns lodged in relation to statutory
sick pay); (B) all obligations to maintain adequate and suitable records regarding the service of each of its employees; (C) all
collective agreements, recognition agreements and the conditions of service of its employees; and (D) all relevant orders and
awards made under any relevant statute, regulation or code of conduct and practice affecting the conditions of service of its
employees.

(g)           
Except as set forth on Schedule 3.16, there is no individual currently or provisionally employed by the Company who is
currently on leave or absent from work and now has or may in the future have a right to return to work (whether for reasons connected
with maternity leave, leave for family or domestic reasons or absence due to illness or incapacity or otherwise) or a right to
be reinstated or re-engaged by the Company or to receive any other compensation from such Company.

(h)           
No employee of either Company is subject to any disciplinary action or engaged in any grievance procedure, and there is no matter
or fact giving rise to the same.

(i)             
There are no loans outstanding from the Company to any of its employees.

Section
3.17       Employee Benefits.

(a)            
Schedule 3.17 contains a list of each Employee Benefit Plan (as defined in ERISA) that the Company maintains.

(i)             
Each such Employee Benefit Plan has been maintained, funded and administered with the applicable requirements of ERISA and the
Code, except where the failure to comply would not have a Material Adverse Effect.

(ii)           
Each such Employee Benefit Plan which is intended to meet the requirements of a “qualified plan” under Section 401(a)
of the Code has received a favorable determination letter from the Internal Revenue Service or is in the form of a prototype document
that is the subject of a favorable opinion letter from the Internal Revenue Service.

(b)           
With respect to each Employee Benefit Plan that the Company maintains:

(i)             
No Action or hearing with respect to the administration or the investment of the assets of any such Employee Benefit Plan (other
than routine claims for benefits) is pending.

(ii)           
The Company has not incurred any liability to the PBGC (other than PBGC premium payments) or otherwise under Title IV of ERISA
(including any withdrawal liability) with respect to any such Employee Benefit Plan which is an Employee Pension Benefit Plan
that would become a liability of Buyer.

(iii)         
With respect to each Employee Plan, the Company has delivered to Buyer true and complete copies of each contract, plan document,
summary plan description and other written material governing or describing the Employee Plan and/or any related funding arrangements;
and, where applicable, the last annual report filed with the IRS or the Department of Labor, the most recent balance sheet and
financial statements, actuarial reports and valuations, and the most recent determination letter issued by the IRS.

(iv)         
Each Employee Plan has been maintained and administered in accordance with its terms and in compliance with the provisions of
applicable Law, including the Code and ERISA. All contributions, insurance premiums, benefits and other payments required to be
made to or under each Employee Plan have been made or provided for before the Closing Date. With respect to each Employee Plan,
(A) no application, proceeding or other matter is pending before the IRS, the Department of Labor or any other Government Entity;
(B) no Action (other than routine claims for benefits) is pending or, to the knowledge of Company or Sellers, threatened; (C)
to the knowledge of the Company and Sellers, no facts exist which could give rise to an Action which, if asserted, could result
in a material liability or expense to the Company; and (D) to the knowledge of the Company and Sellers, no prohibited transaction
as defined in Section 4795 of the Code has occurred with respect to any Employee Plan. No Employee Plan provides health or death
benefits (whether or not insured) to any current or former employee or other personnel beyond the termination of their employment
or other services except as required by Section 4980B of the Code. Except as identified on Schedule 3.17(b), each Employee Plan
may be unilaterally terminated and/or amended by the Company at any time without liability or penalty.

(v)           
The consummation of the transactions contemplated by this Agreement will not (either alone or in conjunction with another event,
such as a termination of employment or other services) entitle any employee or other Person to receive severance or other compensation
that would not otherwise be payable absent the consummation of the transactions contemplated by this Agreement or cause the acceleration
of the time of payment or vesting of any award or entitlement under any Employee Plan. No payment or benefit which will or may
be made by the Company will be characterized as an “excess parachute payment” within the meaning of Section 280G of
the Code or will fail to be deductible by virtue of Section 280G of the Code.

Section
3.18       Environmental Matters.

(a)            
To the Knowledge of the Company, the Company is and has for the past three years been in compliance with Environmental Requirements.
In addition to the foregoing, the Company possesses all permits, authorizations and approvals required pursuant to applicable
Environmental Requirements except where the failure to possess any such permit, authorization or approval would not have a material
adverse effect on the Company’s business operations or prospects.

(b)           
Except as set forth on Schedule 3.18 (i) the Company has not, within the past three years, received any written notice
regarding any actual or alleged material violations of Environmental Requirements, or any liabilities (whether accrued, absolute,
contingent, unliquidated or otherwise), including any investigatory, remedial or corrective obligations arising under Environmental
Requirements, and (ii) no Action is threatened in writing against the Company alleging any material violation of or liability
under any Environmental Requirements.

(c)            
To the Knowledge of the Company, no conditions of contamination by Hazardous Substances are on, under or migrating from any of
the leased real property.

(d)           
All material environmental site assessments, reports, audits, work plans or similar material documents relating to actual or potential
material liabilities relating to Environmental Requirements concerning the leased real property have been made available to Buyer.

(e)            
The Company does not have or currently use, store, treat, dispose or otherwise handle any hazardous, toxic, radioactive, infectious
or harmful substances or materials, including asbestos and petroleum, including crude oil or any of its fractions or any material
prohibited or regulated by any Environmental Requirements except in compliance with all applicable Environmental Requirements.

(f)            
To the knowledge of the Company, no underground storage tanks are located at the leased real property.

Section
3.19       Fair Trading

(a)            
.. No agreement, practice or arrangement carried on by the Company or to which the Company is or has prior to the date of this
Agreement been a party infringes, or is or ought to have been registered in accordance with, any competition, restrictive trade
practice, anti-trust, fair trading or consumer protection law or legislation applicable in any jurisdiction in which the Company
has assets or carries on or intends to carry on business or in which the activities of the Company may have an effect.

Section
3.20       Permits. The Company has all necessary permits for the proper and effective carrying
on of its business in the manner in which it is now carried on. All such permits are valid and subsisting, and neither the Company
nor any Seller knows of any reason why any of them should be suspended, cancelled or revoked whether in connection with the sale
of the Interests to Buyer or otherwise.

Section
3.21       Customers and Suppliers.

(a)  
Schedule 3.21(a) sets forth a list of each customer of the Company that accounted for more than five percent (5%) of the
net sales of the Company (calculated in accordance with GAAP in a manner consistent with the Financial Statements) in any calendar
year. Except as set forth on Schedule 3.21(a), the Company has not received written or oral notice that any of the customers
listed on Schedule 3.21(a) intends to cease purchasing or dealing with the Company, nor does either Seller have any Knowledge
that leads it to believe that any such customer intends to alter in any material respect the amount of purchases or the extent
of dealings with the Company or would alter in any material respect its purchases or dealings in the event of the consummation
of the transactions contemplated hereby.

(b) 
Schedule 3.21(b) indicates the value of goods and services (based on invoice price and calculated in accordance with GAAP
in a manner consistent with the Financial Statements) supplied to each Company by the top ten (10) suppliers and vendors of goods
and services to such Company since its inception. Except as set forth on Schedule 3.21(b), the Company has not received
written or oral notice that any of the suppliers and vendors listed on Schedule 3.21(b) intends to cease selling or rendering
services to, or dealing with, the Company, nor does the Company or any Seller have any knowledge that leads them to believe that
any such supplier or vendor intends to alter in any material respect the amount of sales or service or the extent of dealings
with Buyer or would alter in any material respect its sales or service or dealings in the event of the consummation of the transactions
contemplated hereby. Occupational Safety and Health Administration or any comparable Government Entity or any Government Entity
inspector setting forth any respect in which the facilities or operations of such Company are not in compliance with OSHA, which
non-compliance has not been corrected or remedied and any applicable fines and/or penalties paid in full to the satisfaction of
such Government Entity or inspector. Schedule 3.21 sets forth a list of all citations heretofore issued to either Company
under OSHA and correspondence from and to OSHA and any OSHA inspectors.

Section
3.22       Extent of Assets. The Company’s assets include all of the real (immovable)
and personal (movable) property, intangible (incorporeal) property, rights and other assets of every kind and nature whatsoever
owned, leased, licensed or used by the Company for the conduct of its business as currently conducted and as conducted since inception.
Immediately after the Effective Time, neither of the Sellers nor any of its affiliates shall own any right, title or interest
in or to, or have or control, any asset, property or other right used in connection with, related to or necessary to the conduct
of, its business. The Company is the legal and beneficial owner or lessee, as the case may be, of the Company’s assets free
and clear of all encumbrances.

Section
3.23       Bank Accounts. Schedule 3.23 contains a complete and correct list of all
deposit accounts and safe deposit boxes of the Company, all powers of attorney in connection with such accounts, and the names
of all persons authorized to draw thereon or to have access thereto.

Section
3.24       Affiliate Transactions

Except as set forth on Schedule 3.24, to the Knowledge of the Company, no executive officer, manager, or member of the
Company has any agreement with the Company or any interest in any property (real, personal or mixed, tangible or intangible) used
in or pertaining to the Company, except solely in such person’s capacity as an executive officer, manager and/or member,
as applicable.

Section
3.25       Disclosure. To the knowledge of the Company and Sellers, no representation or
warranty by the Company or any Seller in this Agreement or any exhibit or schedule hereto, contains an untrue statement of material
fact, or omits to state a material fact necessary to make the statements contained herein or therein, in light of the circumstances
in which they were made, not misleading.

ARTICLE
IV

REPRESENTATION AND WARRANTIES WITH RESPECT TO THE SELLERS

As
a material inducement to Buyer to enter into this Agreement, each Seller represents and warrants to Buyer, solely as to itself,
as of the date hereof, as follows:

Section
4.01       Authorization of Transaction; Binding Effect.

(a)            
Such Seller has the power and authority to execute and deliver this Agreement and to perform his or its obligations hereunder.

(b)           
This Agreement has been duly executed and delivered by such Seller and constitutes the valid and legally binding obligation of
such Seller, enforceable in accordance with its terms and conditions, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally and by general equitable principles
(whether considered in a proceeding at law or in equity).

Section
4.02       Noncontravention. Neither the execution and the delivery of this Agreement, nor
the consummation of the transactions contemplated hereby, will (i) assuming compliance by the Company with Section 3.03
and by Buyer with Section 5.03, violate any Law or other restriction of any Governmental Authority to which such
Seller is subject or (ii) conflict with, result in a breach of, constitute a default under or result in the acceleration
of, any material contract to which such Seller is a party. To the Knowledge of the Sellers, the execution and delivery of this
Agreement by such Seller does not require any consent or approval of any Governmental Authority.

Section
4.03       Ownership of Interests

Such Seller is the record owner of the Percentage Interests set forth opposite such Seller’s name on Exhibit A attached
hereto. Such Seller has good and marketable title to such Interests free and clear of any and all Liens other than restrictions
under securities Laws. Such Interests will be sold, transferred and conveyed to Buyer, subject to the terms of this Agreement
and pursuant to the procedures set forth in this Agreement, free and clear of all Liens other than restrictions under securities
Laws.

Section
4.04       Litigation

Such Seller is not a party to any legal action, nor to the Knowledge of such Seller, is any legal action threatened in writing
against such Seller, before any court or judicial or administrative agency of any Governmental Authority.

Section
4.05       Broker’s Fees

The Sellers do not have any liability or obligation to pay any fees or commissions to any broker, finder or agent with respect
to the transactions contemplated by this Agreement for which Buyer could become liable or obligated.

Section
4.06       Investment Intent; Restricted Securities

Seller is acquiring the securities included in the Closing Considerations solely for its own account, for investment purposes
only, and not with a view to, or any present intention of, reselling or otherwise distributing the stock and options or dividing
its participation herein with others. Seller is either an “accredited investor” or either alone or with his Purchaser
Representative” (as such terms are defined in Regulation D promulgated by the Securities and Exchange Commission under the
Securities Act) has such knowledge and experience in financial and business matters that he is capable of evaluating the merit
and risks of the purchasing the securities included in the Closing Consideration. Seller understands and acknowledges that (i) none
of the securities included in the Closing Consideration have been registered under the Securities Act or any state or foreign
securities Laws, in reliance upon specific exemptions thereunder for transactions not involving any public offering, and (ii) the
securities included in the Closing Consideration may not be sold, transferred, offered for sale, pledged, hypothecated or otherwise
disposed of unless such transfer, sale, assignment, pledge, hypothecation or other disposition is pursuant to the terms of an
effective registration statement under the Securities Act and are registered under any applicable state or foreign securities
Laws or pursuant to an exemption from registration under the Securities Act and any applicable state or foreign securities Laws.
Seller will not transfer or otherwise dispose any of the securities included in the Closing Consideration acquired hereunder or
any interest therein in any manner that may cause Seller or Buyer to be in violation of the Securities Act or any applicable state
securities Laws.

Section
4.07       Inspection; No Other Representations

Section
4.08       . Seller has undertaken such investigation and has been provided with and has evaluated
such documents and information as it has deemed necessary to enable it to make an informed and intelligent decision with respect
to the execution, delivery and performance of this Agreement and the transactions contemplated hereby. Seller acknowledges that
WORX has given Seller such access to the key employees, documents and facilities of WORX as Seller, in its sole discretion, has
determined to be necessary or desirable for purposes of Seller’s evaluation, negotiation and implementation of the transactions
contemplated hereby. WORX has answered to Seller’s satisfaction all inquiries that Seller or its representatives have made
concerning the business of WORX or otherwise relating to the transactions contemplated hereby.

    	(4)

    	 

    

 

ARTICLE
V

REPRESENTATIONS AND WARRANTIES OF BUYER

As
a material inducement to the Sellers and the Company to enter into and perform their respective obligations under this Agreement,
Buyer represents and warrants to the Sellers and the Company, as of the date hereof, as follows:

Section
5.01       Organization of Buyer

Buyer is duly organized, validly existing and in good standing under the Laws of the State of Delaware.

Section
5.02       Authorization of Transaction; Binding Effect.

(a)            
Buyer has full corporate or limited liability company power and authority to carry on its business as is presently conducted,
to execute and deliver this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement by
Buyer and the performance by Buyer of its obligations hereunder have been duly authorized by all requisite corporate or limited
liability company action.

(b)           
This Agreement constitutes the valid and legally binding obligation of Buyer, enforceable in accordance with its terms and conditions,
except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’
rights generally and by general equitable principles.

Section
5.03       Noncontravention

Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i) violate
any provision of the certificate of incorporation or bylaws (or similar governing document) of Buyer, (ii) assuming compliance
by the Company with Section 3.03 and by the Sellers with Section 4.02, violate any Law or other restriction of any
Governmental Authority to which Buyer is subject or (iii) conflict with, result in a breach of, constitute a default under
or result in the acceleration of, any contract to which Buyer is a party or by which its assets are bound. Buyer do not require
any consent or approval of any Governmental Authority.

Section
5.04       Broker’s Fees

Buyer has no liability or obligation to pay any fees or commissions to any broker, finder or agent with respect to the transactions
contemplated by this Agreement for which the Company (prior to the Closing) or the Sellers could become liable or obligated.

Section
5.05       Litigation

There are no legal actions pending or, to Buyer’s Knowledge, threatened against or affecting Buyer, at law or in equity,
or before or by any Governmental Authority, which could adversely affect Buyer’s performance under this Agreement or the
other agreements contemplated hereby or the consummation of the transactions contemplated hereby or thereby.

    	(5)

    	 

    

ARTICLE
VI

PRE-CLOSING COVENANTS

Section
6.01       Operation of Business

From the date hereof until the earlier of the Closing Date or the date on which this Agreement is terminated pursuant to Section
9.01, except as otherwise contemplated by this Agreement or with the prior written consent of Buyer the Company shall not
and the Sellers shall cause the Company not to:

(a)            
make any change in its membership interests or other equity securities, or its certificate of formation, limited liability company
agreement or other applicable organizational documents;

(b)           
issue or sell any of its membership interests or other equity securities or securities convertible into or exchangeable for membership
interests or other such equity securities, or adjust, split, combine, reclassify, purchase, redeem or otherwise acquire any of
its equity securities;

(c)            
increase the compensation of any officer or manager, other than in the ordinary course of business or as required by any agreement
in effect on the date of this Agreement;

(d)           
adopt any new employee benefit plan or materially amend any existing employee benefit plan, other than to reflect changes in Law
and plan administration or other than in the ordinary course of business and consistent with past practices;

(e)            
make any changes in its accounting methods, principles or practices other than as may be required by applicable Law, GAAP or pursuant
to any pronouncements issued by the Financial Accounting Standards Board;

(f)            
adopt a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization or other
reorganization;

(g)           
acquire any assets or capital stock of any business or corporation, partnership, association or other business organization or
division thereof for consideration in excess of $10,000;

(h)           
engage in any material transaction with any officer, manager, Seller or other affiliate of the Company except in such person’s
capacity as officer, manager, equity holder or other affiliate of the Company, as applicable, or in the ordinary course of business;

(i)             
knowingly cancel or waive any claims or rights with a value to the Company in excess, individually or in the aggregate, of $10,000;

(j)             
make or incur any capital expenditure (or series of related capital expenditures), which individually exceeds $10,000 or in the
aggregate exceeds $25,000;

(k)           
sell, transfer or otherwise dispose of or encumber any of its assets, other than sales of inventory in the ordinary course of
business consistent with past practices;

(l)             
lease, license, pledge or mortgage any of its assets;

(m)         
(i) incur any indebtedness for borrowed money, other than borrowings under existing credit facilities, (ii) make any loans or
advances to any other person or entity, other than routine advances to employees consistent with past practice or (iii) assume,
guarantee, endorse or otherwise become liable or responsible (whether directly, contingently otherwise) for the obligations of
any other person or entity;

(n)           
enter into any compromise or settlement of, or take any material action with respect to, any legal action to be assumed by Buyer;

(o)           
grant or agree to grant to any of the Company’s employees any increase in wages or bonus, severance, profit sharing, retirement,
deferred compensation, insurance, or other compensation or benefits, or establish any new compensation, or benefit plans or arrangements,
or amend or agree to amend any existing benefit plans, except as may be required under existing agreements or by Law;

(p)           
enter into or amend any employment, consulting, severance, or similar agreement with any person or entity, except with respect
to new hires in the ordinary course of business consistent with past practices;

(q)           
enter into any agreement that would restrain, limit, or impede the Company’s ability to conduct its business following the
Closing;

(r)            
enter into any other agreements, commitments or contracts which create liabilities other than in the ordinary course of business
consistent with past practices, except for contracts which in the aggregate involve royalty guarantees or minimums or other financial
commitments exceeding $10,000;

(s)            
except as otherwise disclosed in this Agreement, authorize or commit to make capital expenditures in an amount in excess of $10,000;

(t)             
permit any insurance policy covering its assets or its business to be canceled or terminated; or

(u)           
commit to do any of the foregoing.

Section
6.02       Notices and Consents

From the date hereof until the earlier of the Closing Date or the date on which this Agreement is terminated pursuant to Section
9.01, the Company shall give any required notices to third parties, and shall use commercially reasonable efforts to obtain
any third party consents that Buyer may request in connection with the matters referred to in Section 3.03; provided,
however, that nothing in this Section 6.02 or in Section 7.05 shall require the Company or the
Sellers to (i) expend any money to obtain any such consent or to remedy any breach of any representation or warranty hereunder,
(ii) commence any legal action or arbitration proceeding or (iii) offer or grant any accommodation (financial or otherwise)
to any third party. Each of the Parties shall give any notices to, make any filings with, and use its reasonable best efforts
to obtain any authorizations, consents, and approvals of any Governmental Authority in connection with the matters referred to
in Section 3.03.

Section
6.03       Access

From the date hereof until the earlier of the Closing Date or the date on which this Agreement is terminated pursuant to Section
9.01, the Sellers shall permit representatives of Buyer (including financial and legal representatives) to have access at
all reasonable times and upon reasonable advance notice, and in a manner so as not to interfere with the normal business operations
of the Company, to all premises, properties, executive officers, books, records, policies, contracts and documents of the Company;
provided, however, that the foregoing shall not apply with respect to any information the disclosure of which would,
in the Company’s or any Seller’s sole discretion, waive any privilege.

Section
6.04       Contact with Customers and Suppliers

From the date of this Agreement until the Closing, Buyer and Buyer’s authorized representatives may contact or communicate
with the customers and suppliers of the Company in connection with the transactions contemplated hereby only with the prior written
consent of one of the Sellers.

Section
6.05       No-Shop Clause. From the Execution Date until the earlier of (i) the Closing Date
or (ii) the date this Agreement is terminated pursuant to Article IX, the Company and Sellers shall not, without the prior written
consent of Buyer: (A) offer for sale or solicit offers to buy all or any portion of the Interests and/or its assets, (B) hold
discussions with any party (other than Buyer) looking toward such an offer or solicitation or looking toward a merger or consolidation
involving the Company, or (C) enter into any agreement with any party (other than Buyer) with respect to the sale or other disposition
of the Interests and/or its assets (or any portion thereof) or with respect to any merger, consolidation, or similar transaction
involving the Company or the Sellers. The Sellers further agree to advise Buyer of their receipt and the terms and conditions
of any inquiry, offer or proposal made after the Execution Date with respect to any of the foregoing proposed transactions.

Section
6.06       Risk of Loss. The risk of loss or damage to any of the Company’s assets
shall remain with the Sellers and the Company until the Effective Time, and the Company shall, and Sellers shall cause the Company
to, maintain insurance policies covering its assets through the Effective Time. All insurance proceeds (or rights thereto) attributable
to the damage, destruction or casualty loss of any of such assets prior to the Effective Time shall be included among the assets
owned by the Company at the Closing, and the Closing Consideration shall be reduced by an amount equal to the deductible amount
under the applicable insurance policy.

    	(6)

    	 

    

ARTICLE
VII

ADDITIONAL AGREEMENTS

Section
7.01       General

In case at any time after the Closing any further action is necessary to carry out the purposes of this Agreement, each of the
Parties shall take such further action (including the execution and delivery of such further instruments and documents) as the
other Party reasonably may request, at the sole cost and expense of the requesting Party.

Section
7.02       Press Releases

The Parties agree that no press release or other public announcement (including in any trade journal or other publication) of
the transactions contemplated hereby shall be made without the prior written consent of Buyer.

Section
7.03       Transaction Expenses

The Sellers shall be solely responsible for the payment of any fees and expenses incurred by or on behalf of the Company or any
of the Sellers in connection with the transactions contemplated hereby.

Section
7.04       Confidentiality

Whether or not the transactions contemplated hereby are consummated, the Parties shall, and shall cause each of their respective
affiliates, advisors, agents and representatives to, keep confidential all information and materials regarding any other Party
reasonably designated by such Party as confidential at the time of disclosure thereof. Each of the Parties shall, and shall cause
its respective affiliates, advisors, representatives and agents to not, disclose the terms and provisions of this Agreement without
the prior written consent of the other Party. If the transactions contemplated hereby are not consummated, Buyer and each of its
affiliates, advisors, representatives and agents shall maintain the confidentiality of all non-public, proprietary information
obtained during its or their due diligence review of the Company, and shall return to the Company or destroy (and certify in writing
to the Company such destruction) all documents received from the Company and all copies thereof containing any such information.

Section
7.05       Reasonable Best Efforts to Complete.

(a)            
Subject to the terms and conditions of this Agreement, each of Buyer, the Sellers and the Company shall each cooperate fully with
the other and use its reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all
things necessary, proper or advisable to consummate and make effective, in the most expeditious manner possible, the transactions
contemplated hereby, including by (i) obtaining (and cooperating with the other in obtaining) any clearance, consent, authorization,
order or approval of, or any exemption by, any Governmental Authority required to be obtained or made by Buyer or the Company
in connection with the transactions contemplated hereby, and making any and all registrations and filings that may be necessary
or advisable to obtain the approval or waiver from, or to avoid any legal action by, any Governmental Authority, (ii) defending
any legal action, whether brought by a Governmental Authority or other third party, seeking to challenge this Agreement or the
transactions contemplated hereby, including by seeking to have lifted or rescinded any injunction or restraining order or other
order adversely affecting the ability of the parties to consummate the transactions contemplated hereby and (iii) executing
any certificates, instruments or other documents that are necessary to consummate and make effective the transactions contemplated
hereby and to fully carry out the purposes and intent of this Agreement.

(b)           
Buyer and the Company shall keep the other reasonably informed of the status of their respective efforts to consummate the transactions
contemplated hereby, including by (i) promptly notifying the other of, and if in writing, furnishing the other with copies of
(or, in the case of material oral communications, advising the other orally of) any communications from or with any Governmental
Authority with respect to the transactions contemplated hereby, (ii) permitting the other to review and discuss in advance, and
consider in good faith the views of the other in connection with, any proposed written (or any material proposed oral) communication
with any such Governmental Authority, (iii) not participating in any meeting with any such Governmental Authority unless it consults
with the other in advance and to the extent permitted by such Governmental Authority gives the other the opportunity to attend
and participate thereat, (iv) furnishing the other with copies of all correspondence, filings and communications between it and
any such Governmental Authority with respect to this Agreement and the transactions contemplated hereby and (v) furnishing the
other with such necessary information and reasonable assistance as each of them may reasonably request in connection with its
preparation of necessary filings or submissions of information to any such Governmental Authority.

Section
7.06       Provision Respecting Representation of the Buyer and WORX

Each of the Parties hereby agrees, on its own behalf and on behalf of its directors, members, managers, partners, stockholders,
officers, employees and affiliates, that Feder Kaszovitz LLP is serving as counsel to the Buyer and WORX, in connection with the
negotiation, preparation, execution and delivery of this Agreement and the consummation of the transactions contemplated hereby,
and that, following consummation of the transactions contemplated hereby, Feder Kaszovitz LLP (or any successor) will continue
to serve as counsel to the Buyer and WORX, including in connection with any litigation, claim or obligation arising out of or
relating to this Agreement or the transactions contemplated by this Agreement notwithstanding such representation, and each of
the Parties hereby consents thereto and waives any conflict of interest arising therefrom, and each of such Parties shall cause
any affiliate thereof to consent to waive any conflict of interest arising from such representation.

Section
7.07       Transfer Taxes

All sales and transfer taxes, recording charges and similar taxes, fees or charges imposed as a result of the transactions contemplated
by this Agreement (collectively, the “Transfer Taxes”), together with any interest, penalties or additions
to such Transfer Taxes, shall be paid by the Sellers. The Sellers and Buyer shall cooperate in timely making all filings, returns,
reports and forms as necessary or appropriate to comply with the provisions of all applicable Laws in connection with the payment
of such Transfer Taxes, and shall cooperate in good faith to minimize, to the fullest extent possible under such Laws, the amount
of any such Transfer Taxes payable in connection therewith.

Section
7.08       Employee Stock Options. Promptly following the Closing, WORX shall establish a
pool of three million stock options to purchase WORX common stock to be issued to the employees of Buyer at the discretion of
Buyer’s board of directors, provided such options shall not be exercisable at below market price on the date of grant, shall
not vest over less than three years and shall not be exercisable for more than five years.

    	(7)

    	 

    

ARTICLE
VIII

CONDITIONS

Section
8.01       Conditions to Obligations of Buyer and the Sellers. The obligations of Buyer and
each Seller to consummate the transactions to be performed by him or it in connection with the Closing is subject to satisfaction
or waiver of the following condition as of the Closing:

(a)  
Absence of Litigation. As of the Closing, there shall not be any injunction, writ or temporary restraining order or
any other order of any nature issued by a court or Governmental Authority of competent jurisdiction directing that the transactions
provided for herein or any of them not be consummated substantially as herein provided, and there shall not be pending any legal
action by a Governmental Authority seeking to restrain or prohibit the consummation of the transactions contemplated hereby.

Section
8.02       Conditions to Obligation of Buyer

.
The obligation of Buyer to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction
or waiver of the following conditions as of the Closing:

(a)            
Representations and Warranties.

(i)             
Each of the representations and warranties made by the Company in this Agreement shall be true and correct at and as of the Closing
as though such representation or warranty was made at and as of the Closing, except for representations and warranties made as
of a specific date, which shall be true and correct as of such date, in each case except where the failure so to be true would
not have, individually or in the aggregate, a material adverse effect on the Company’s business operations or prospects,
and Buyer shall have received a certificate from the Company certifying as to the foregoing; and

(ii)           
Each of the representations and warranties made by the Sellers in this Agreement shall be true and correct at and as of the Closing
as though such representation or warranty was made at and as of the Closing, except for representations and warranties made as
of a specific date, which shall be true and correct as of such date, in each case except where the failure so to be true would
not have, individually or in the aggregate, a material adverse effect on the Sellers’ ability to consummate the transactions
contemplated by this Agreement, and Buyer shall have received a certificate from each Seller certifying as to the foregoing.

(b)           
Performance of Covenants. The Company and the Sellers shall have performed and complied with in all material respects all
of their respective covenants and agreements required to be performed or complied with by them under this Agreement prior to the
Closing Date and Buyer shall have received a certificate from each of the Company and each Seller certifying as to the foregoing.

(c)            
Third Party Consents. All notices, reports, and other filings required to be made prior to Closing by the Sellers or the
Company with, and all licenses, permits, consents, approvals, authorizations, qualifications or orders required to be obtained
prior to Closing by the Sellers or the Company from, any Government Entity or from any other person or entity in connection with
the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby shall have been made
or obtained.

(d)           
No Material Adverse Change. There shall have been no material adverse effect on the Company’s business operations
or prospects since December 31, 2013.

(e)            
Certificate. The Sellers shall have delivered to Buyer certified copies of resolutions duly adopted by the Company’s
members authorizing the execution and delivery by the Company of this Agreement, and the consummation by the Company of the transactions
contemplated hereby.

(f)            
Deliveries. The Sellers shall have delivered or filed or caused to be delivered or filed each item required to be delivered
by it pursuant to Section 2.04.

(g)           
Financial Statements. The Sellers shall have delivered to Buyer audited financial statements of the Company for such year-end
periods, and unaudited financial statements for stub periods thereafter, in both cases with any necessary footnotes and an auditor’s
report, in substance satisfactory to Buyer and in form as Buyer’s independent auditor advises is sufficient to meet Buyer’s
filing obligations with the SEC.

Buyer
may waive any condition specified in Section 8.01 or this Section 8.02 if it executes a writing so stating
at or prior to the Closing. In addition, any condition specified in Section 8.01 or this Section 8.02 that shall
not have been satisfied or waived at or prior to the Closing shall be deemed to have been waived by Buyer if the Closing occurs
notwithstanding the failure of such condition to have been satisfied or waived in writing.

Section
8.03       Conditions to Obligation of the Company and the Sellers

.
The obligation of the Company and the Sellers to consummate the transactions to be performed by them in connection with the Closing
is subject to satisfaction of the following conditions as of the Closing:

(a)            
Representations and Warranties. Each of the representations and warranties made by Buyer in this Agreement shall be true
and correct at and as of the Closing as though such representation or warranty was made at and as of the Closing, except for representations
and warranties made as of a specific date, which shall be true and correct as of such date, in each case, except where the failure
so to be true would not have, individually or in the aggregate, a material adverse effect on Buyer’s ability to consummate
the transactions contemplated by this Agreement, and the Sellers shall have received a certificate of Buyer certifying as to the
foregoing.

(b)           
Performance of Covenants. Buyer shall have performed and complied with, or shall cause the performance of and compliance
with, in all material respects all of its covenants and agreements required to be performed or complied with by it under this
Agreement prior to the Closing Date and the Sellers shall have received a certificate of Buyer certifying as to the foregoing.

(c)            
Certificate. Buyer shall have delivered to the Sellers certified copies of resolutions duly adopted by Buyer’s board
of directors authorizing the execution and delivery by Buyer of this Agreement and the consummation of the transactions contemplated
hereby.

(d)           
Deliveries. Buyer shall have delivered or filed or caused to be delivered or filed each item required to be delivered by
it pursuant to Section 2.04.

The
Sellers may waive any condition specified in Section 8.01 or this Section 8.03 if each of them executes a writing
so stating at or prior to the Closing. In addition, any condition specified in Section 8.01 or this Section 8.03
that shall not have been satisfied or waived at or prior to the Closing shall be deemed to have been waived by the Sellers if
the Closing occurs notwithstanding the failure of such condition to have been satisfied or waived in writing.

    	(8)

    	 

    

ARTICLE
IX

TERMINATION; EFFECT OF TERMINATION

Section
9.01       Termination

This Agreement may be terminated as provided below:

(a)            
by mutual written consent of the Sellers and Buyer;

(b)           
by either the Sellers, on one hand, or Buyer, on the other hand, if there has been a material breach or failure to perform on
the part of the other Party of any representation, warranty, covenant or agreement contained in this Agreement, which breach or
failure to perform would reasonably be expected to cause the conditions set forth in Section 8.02(a) or Section
8.02(b), or Section 8.03(a) or Section 8.03(b), as applicable, to not be satisfied at the Closing
and which breach or failure, if capable of being cured, shall not have been cured within thirty (30) days following receipt by
such Party of written notice of such breach or failure from the other Party (it being understood and hereby agreed that neither
Party may terminate this Agreement pursuant to this Section 9.01(b) if such breach or failure is cured within
such thirty (30) day period);

(c)            
by either the Sellers, on the one hand, or Buyer, on the other hand, if a court of competent jurisdiction or Governmental Authority
shall have issued a nonappealable final order, decree or ruling or taken any other action having the effect of permanently restraining,
enjoining or otherwise prohibiting the transaction contemplated by this Agreement (provided that the Party seeking to terminate
this Agreement pursuant to this Section 9.01(c) shall have complied with its obligations under Section 7.05
by using its reasonable best efforts to have any such order, decree ruling or other action vacated or lifted); or

(d)           
by either the Sellers, on one hand, or Buyer, on the other hand, if the transactions contemplated hereby have not been consummated
within sixty (60) days after the date hereof; provided that neither the Sellers nor Buyer shall be entitled to terminate this
Agreement pursuant to this Section 9.01(d) if such person’s willful or knowing breach of this Agreement
has prevented the consummation of the transactions contemplated hereby.

Section
9.02       Effect of Termination

Except for the provisions of this Section 9.02, Article X (with respect to breaches of this Agreement prior
to the termination of this Agreement), Sections 7.02, 7.03 and 7.04 and Article XI, which shall
survive any termination of this Agreement, in the event of the termination of this Agreement, this Agreement shall thereafter
become void and have no effect, and neither Party shall have any liability to any other Party or its members, managers, stockholders,
directors or officers in respect thereof.

    	(9)

    	 

    

ARTICLE
X

INDEMNIFICATION

Section
10.01   Survival of Representations and Warranties, Covenants and Agreements

Except as set forth below, all of the representations and warranties of the Company and the Sellers contained in this Agreement
shall survive the Closing until the date that is thirty-six (36) months after the Closing Date; provided, however,
that (a) the representations and warranties of the Company set forth in Section 3.01 (Organization of the Company),
Section 3.02 (Authorization of Transaction; Binding Effect), Section 3.04 (Capitalization), Section
3.05 (Subsidiaries) and Section 3.22 (Extent of the Assets), and of the Sellers set forth in and Section 4.03
(Ownership of Interests) shall survive the execution and delivery of this Agreement and the consummation of the transactions contemplated
hereby and shall continue in full force and effect without time limit; and (b) the representations and warranties of the Company
set forth in Section 3.11 (Tax Matters), Section 3.16 (Labor Matters) and Section 3.17 (Employee Benefits)
shall survive the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and shall
continue in full force and effect for a period thereafter ending on the seventh (7th) anniversary of the Closing Date
(the “Fundamental Representation Expiration Date”). The representations and warrants described in clauses (a)
and (b) of this Section, other than the representations and warranties set forth in Sections 3.16 and 3.17, are
referred to collectively as the “Fundamental Representations”. All of the representations and warranties of
Buyer shall survive the execution and delivery of the Agreement and the consummation of the transactions contemplated hereby and
shall continue in full force and effect for the period of thirty-six (36) months immediately following the Closing. All covenants
and agreements of the Company, the Sellers and Buyer contained this Agreement that are to be performed in whole prior to the Closing
shall survive the closing until the date that is twelve (12) months after the Closing Date. All covenants and agreements of the
Company, the Sellers and Buyer contained in this Agreement that are to be performed in whole or in part after the Closing shall
survive in accordance with their respective terms.

Section
10.02   Indemnification by the Sellers

Subject to the limitations set forth in this Article X:

(a)  
each Seller shall, severally and not jointly, indemnify and hold harmless Buyer and Buyer’s officers, directors, managers,
equity holders, partners, employees, agents and representatives (each, a “Buyer Indemnified Party”) against
and in respect of any and all claims, costs, expenses and damages (“Damages”), in each case to the extent of
such Seller’s Percentage Interest of such Damages, resulting from (i) the breach by the Company of any representation
or warranty made by the Company in this Agreement or in any certificate required to be delivered by the Company pursuant hereto;
(ii) the breach by the Company of any covenant or agreement to be performed by it prior to the Closing hereunder; and/or (iii)
Undisclosed Liabilities; and

(b) 
each Seller shall indemnify and hold harmless each Buyer Indemnified Party against and in respect of any and all Damages resulting
from (i) the breach by such Seller of any representation or warranty made by such Seller in this Agreement or in any certificate
required to be delivered by such Seller pursuant hereto and/or (ii) the breach by such Seller of any covenant or agreement
to be performed by him or it hereunder.

Section
10.03   Special Definitions

Any Person providing indemnification pursuant to the provisions of this Article X is hereinafter referred to as an
“Indemnifying Party” and any Person entitled to be indemnified pursuant to the provisions of this Article IX
is hereinafter referred to as an “Indemnified Party.”

Section
10.04   Indemnification by Buyer

(a)  
.. Buyer shall indemnify and hold harmless each of the Sellers, and their respective officers, directors, managers, equity holders,
partners, employees, agents and representatives against any Damages resulting from (i) the breach by Buyer of any representation
or warranty made by Buyer in this Agreement or in any certificate required to be delivered pursuant hereto, and/or (ii) the
breach by Buyer or WORX of any covenant or agreement to be performed by it hereunder. Any Damages payable by Buyer pursuant hereto
shall be paid to each Seller in accordance with such Seller’s Percentage Interests.

Section
10.05   Exclusive Remedy

Except as provided in Section 11.03, each Party acknowledges and agrees that its sole and exclusive remedy with respect
to any and all claims relating to the subject matter of this Agreement and transactions contemplated hereby shall be pursuant
to the indemnification set forth in Section 10.02 and Section 10.04, and subject to the other provisions of this
Article X. In furtherance of the foregoing, but without limiting the rights of indemnification expressly provided
for under Section 10.02 and Section 10.04 (and subject to the other provisions of this Article X), each Indemnified
Party hereby waives, from and after the Closing, to the fullest extent permitted under applicable Law and except as expressly
provided in Section 11.03, any and all rights, claims and causes of action (including any right, whether arising at
Law or in equity, to seek indemnification, contribution, cost recovery, damages or any other recourse or remedy, including the
remedy of rescission and remedies that may arise under common law) it may have against any Indemnifying Party whether arising
under or based upon any federal, state, local or foreign statute, Law, ordinance, rule or regulation (including any Environmental
Laws) or otherwise.

Section
10.06   Procedures for Third Party Claims.

(a)            
To be entitled under this Agreement to indemnification in respect of a claim or demand by another Person (a “Third Party
Claim”), an Indemnified Party must notify the Indemnifying Party in writing, and in reasonable detail, of the Third
Party Claim as promptly as reasonably possible after receipt by such Indemnified Party of notice of the Third Party Claim; provided
that failure to give such notification on a timely basis shall not affect the indemnification provided hereunder except to
the extent the Indemnifying Party shall have been prejudiced as a result of such failure. Thereafter, the Indemnified Party shall
deliver to the Indemnifying Party, promptly, but in any event within five (5) Business Days of becoming aware of any facts or
circumstances that would reasonably be expected to give rise to a claim for indemnification hereunder, written notice thereof
to the Indemnifying Party, specifying the amount of such claim, the nature and basis of such claim and all relevant facts and
circumstances relating thereto, including copies of all notices and documents (including court papers) received by the Indemnified
Party relating to the Third Party Claim.

(b)           
If a Third Party Claim is made against an Indemnified Party, the Indemnifying Party shall be entitled to participate in the defense
thereof and, if it elects, to assume the defense thereof with counsel selected by the Indemnifying Party; provided such
counsel is reasonably acceptable to the Indemnified Party. Should an Indemnifying Party elect to assume the defense of a Third
Party Claim, the Indemnifying Party shall not be liable for legal expenses subsequently incurred by the Indemnified Party in connection
with the defense thereof. If the Indemnifying Party assumes such defense, the Indemnified Party shall have the right to participate
in the defense thereof and to employ counsel, at its own expense, separate from the counsel employed by the Indemnifying Party,
it being understood, however, that the Indemnifying Party shall control such defense. Subject to the limitations set forth in
this Article X, the Indemnifying Party shall be liable for the reasonable fees and expenses of counsel employed by
the Indemnified Party for any period during which the Indemnifying Party has elected not to assume the defense thereof. If the
Indemnifying Party elects to defend a Third Party Claim, each Party shall cooperate in the defense or prosecution of such Third
Party Claim. Such cooperation shall include the retention and (upon the Indemnifying Party’s request) the provision to the
Indemnifying Party of records and information which are reasonably relevant to such Third Party Claim, and making employees available
on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. No compromise
or settlement of any Third Party Claim may be effected by the Indemnifying Party without the Indemnified Party’s consent,
which shall not be unreasonably withheld, conditioned or delayed, unless (i) there is no finding or admission of any violation
of Law and no effect on any other claims that may be made against such Indemnified Party or its Affiliates and (ii) each Indemnified
Party that is Party to such Third Party Claim is fully and unconditionally released from liability with respect to such claim.
The Indemnifying Party shall have no indemnification obligations with respect to any Third Party Claim which shall be settled
by the Indemnified Party without the prior written consent of the Indemnifying Party, which consent shall not be unreasonably
withheld, conditioned or delayed.

(c)            
If the Indemnifying Party does not undertake the defense of any Third Party Claim, the Indemnified Party, at the expense of the
Indemnifying Party, may undertake the defense of such Third Party Claim with counsel of its choosing, and the Indemnifying Party
in that event shall reasonably cooperate with the Indemnified Party and its counsel in the investigation and defense of such Third
Party Claim, but the Indemnified Party will control such investigation and defense at the expense of the Indemnifying Party.

(d)           
Notwithstanding anything contained in this Section 10.06 to the contrary, if both the Indemnifying Party and the Indemnified Party
are named as parties or subject to any Third Party Claim and either such party determines with advice of counsel that a material
conflict of interest between such parties may exist in respect of such Third Party Claim, the Indemnifying Party may decline to
assume the defense on behalf of the Indemnified Party or the Indemnified Party may retain the defense on its own behalf, and,
in either such case, after notice to such effect is duly given hereunder to the other party, the Indemnifying Party shall be relieved
of any obligation to assume the defense on behalf of the Indemnified Party, but shall be required to pay the out-of-pocket legal
costs and expenses (such as reasonable attorneys’ fees and disbursements) of such defense; provided, however,
that the Indemnifying Party shall not be liable for such expenses on account of more than one separate firm of attorneys (and,
if necessary, local counsel) at any time representing such Indemnified Party in connection with any Third Party Claim or separate
Third Party Claim in the same jurisdiction arising out of or based upon substantially the same allegations or circumstances.

Section
10.07   Procedures for Inter-Party Claims

In the event that an Indemnified Party determines that it has a claim for Damages against an Indemnifying Party hereunder (other
than as a result of a Third Party Claim), the Indemnified Party shall promptly, give written notice thereof to the Indemnifying
Party, specifying the amount of such claim, the nature and basis of the alleged breach giving rise to such claim and all relevant
facts and circumstances relating thereto; provided that failure to give such notification on a timely basis shall not affect
the indemnification provided hereunder except to the extent the Indemnifying Party shall have been prejudiced as a result of such
failure. The Indemnified Party shall provide the Indemnifying Party with full access to its books and records during normal business
hours and upon reasonable prior written notice for the purpose of allowing the Indemnifying Party a reasonable opportunity to
verify any such claim for Damages. The Indemnifying Party shall notify the Indemnified Party within forty-five (45) days
following its receipt of such notice and granting of such access if the Indemnifying Party disputes its liability to the Indemnified
Party under this Article X. If the Indemnifying Party does not so notify the Indemnified Party, the claim specified
by the Indemnified Party in such notice shall be conclusively deemed to be a liability of the Indemnifying Party under this Article X,
and the Indemnifying Party shall pay the amount of such liability to the Indemnified Party on demand or, in the case of any notice
in which the amount of the claim (or any portion of the claim) is estimated, on such later date when the amount of such claim
(or such portion of such claim) becomes finally determined. If the Indemnifying Party has timely disputed its liability with respect
to such claim as provided above, the Indemnifying Party and the Indemnified Party shall negotiate in good faith to resolve such
dispute. Promptly following the final determination of the amount of Damages to which the Indemnified Party is entitled (whether
determined in accordance with this Section 10.08 or by a court of competent jurisdiction), the Indemnifying Party
shall pay such Damages to the Indemnified Party by wire transfer or certified check made payable to the order of the Indemnified
Party. 

Section
10.08   Duty to Mitigate

The Indemnified Party shall use commercially reasonable efforts to mitigate or otherwise reduce the amount of any Damages that
it incurs in connection with any matter with respect to which it is entitled to be held harmless, indemnified, compensated or
reimbursed pursuant to this Article X, including taking commercially reasonable measures to attempt to recover any
insurance proceeds available to offset such Damages under insurance policies maintained by the Indemnified Party. Each Party hereby
waives, to the extent permitted under its applicable insurance policies, any subrogation rights that its insurer may have with
respect to any indemnifiable Damages.

Section
10.09

Section
10.09 No Consequential Damages

Notwithstanding anything to the contrary in this Agreement, in the absence of intentional misrepresentation or fraud, no Person
shall be liable to or otherwise responsible for consequential, special, indirect, incidental, punitive or exemplary damages, for
diminution in value or lost profits or any damages measured by lost profits or a multiple of earnings.

Section
10.10   Treatment of Indemnity Payments

Following the Closing, any payment made pursuant to this Article X shall be treated by the Parties, for federal Income
Tax and other applicable Tax purposes, as an adjustment to the cash proceeds received by the Sellers in the transactions contemplated
by this Agreement.

    	(10)

    	 

    

ARTICLE
XI

MISCELLANEOUS

Section
11.01   Sellers’ Representative.

(a)Each
Seller, by virtue of his or her execution and delivery of this Agreement, hereby irrevocably nominates, constitutes and appoints
Jon R. Levine as the agent, agent for service of process and true and lawful attorney-in-fact of the Sellers (the “Sellers’
Representative”), with full power of substitution, to act in the name, place and stead of such Seller with respect to
this Agreement and the taking by the Sellers’ Representative of any and all actions and the making of any decisions required
or permitted to be taken or made by the Sellers’ Representative under this Agreement including the exercise of the power:
(i) to execute, deliver, acknowledge, certify and file (in the name of any or all of the Sellers or otherwise) any and all documents
and to take any and all actions that the Sellers’ Representative may, in his sole discretion, determine to be necessary,
desirable or appropriate in connection with any indemnification claim under Article X (including negotiating, entering
into compromises or settlements of and demanding arbitration with respect to any indemnification claim); and (ii) to give and
receive notices and communications under this Agreement. Carlton Calvin hereby accepts his appointment as the Sellers’
Representative.

(b)The
power of attorney granted in this Section 11.01: (i) is coupled with an interest and is irrevocable; (ii) may be delegated
by the Sellers’ Representative; and (iii) shall survive the death or incapacity of each of the Sellers.

(c)Notwithstanding
anything to the contrary contained in this Agreement, each Buyer Indemnified Party shall be entitled to deal exclusively with
the Sellers’ Representative on all matters relating to Article X, and each of them shall be entitled to rely conclusively
(without further evidence of any kind whatsoever) on any document executed or purported to be executed on behalf of any Seller
by the Sellers’ Representative, and on any other action taken or purported to be taken on behalf of any Seller by the Sellers’
Representative, as fully binding upon such Seller.

(d)The
Sellers’ Representative may at any time designate a replacement Sellers’ Representative and each Seller, by virtue
of his or her execution and delivery of this Agreement, hereby consents to such replacement Sellers’ Representative. If
the Sellers’ Representative shall die, become disabled or otherwise be unable to fulfill his responsibilities as representative
of the Sellers, then the Sellers shall, by “majority vote” within 30 days after such death or disability, appoint
a successor representative and, promptly thereafter, shall notify Buyer of the identity of such successor. Any such successor
shall become the “Sellers’ Representative” for purposes of this Agreement. If for any reason there is no Sellers’
Representative at any time, all references herein to the Sellers’ Representative shall be deemed to refer to the Sellers.

(e)No
bond shall be required of the Sellers’ Representative and the Sellers’ Representative shall receive no compensation
for his services. The Sellers’ Representative shall not be liable to any Seller for any act done or omitted hereunder as
Sellers’ Representative while acting in good faith and in the exercise of his reasonable business judgment with respect
to any matter arising out of or in connection with the acceptance or administration of his duties hereunder (it being understood
that any act done or omitted pursuant to the advice of counsel shall be conclusive evidence of such good faith). The Sellers’
Representative shall be entitled to be indemnified by the Sellers, in each case in accordance with such Seller’s Pre-Closing
Ownership Percentage, for any loss, liability or expense incurred without gross negligence or willful misconduct on the part of
the Sellers’ Representative with respect to any matter arising out of or in connection with the acceptance or administration
of his duties hereunder. The Sellers’ Representative shall be entitled to recover from the Sellers, in each case in accordance
with such Seller’s Pre-Closing Ownership Percentage, any out-of-pocket costs and expenses reasonably incurred by the Sellers’
Representative in good faith and in connection with actions taken by the Sellers’ Representative pursuant to this Agreement
(including the hiring of legal counsel and the incurring of legal fees and costs). The Sellers’ Representative shall keep
reasonably detailed records of the costs and expenses for which he seeks reimbursement as herein provided.

Section
11.02   No Third Party Beneficiaries

Except as set forth in Section 10.02 and Section 10.04, each of which is expressly intended for the benefit
of the Persons referenced therein, this Agreement is not intended to, and shall not, confer any rights or remedies upon any Person
other than the Parties and their respective successors and permitted assigns.

Section
11.03   Equitable Remedies

Notwithstanding anything herein to the contrary, the Company and the Sellers, on the one hand, and Buyer, on the other hand, hereby
agree that in the event any of the Company or the Sellers, on the one hand, or Buyer, on the other hand violate any provisions
of this Agreement, the remedies at Law available to Buyer, on the one hand, and the Company and the Sellers, on the other hand,
may be inadequate. In such event, the Company and the Sellers, on the one hand, and Buyer, on the other hand, shall have the right,
in addition to all other rights and remedies they may have, to seek specific performance and/or injunctive or other equitable
relief to enforce or prevent any violations by Buyer, on the one hand, or the Company or any of the Sellers, on the other hand.

Section
11.04   Entire Agreement

This Agreement, including the Disclosure Schedules, and the documents referred to herein constitute the entire agreement among
the Parties with respect to, and supersede any prior understandings, agreements or representations by or among the Parties, written
or oral, that may have related in any way to, the subject matter hereof.

Section
11.05   Successors and Assigns

This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and
permitted assigns. No Party may assign either this Agreement or any of its rights, interests or obligations hereunder without
the prior written approval of each of the other Parties.

Section
11.06   Counterparts

This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together
shall constitute one and the same instrument. This Agreement and any amendments hereto, to the extent signed and delivered by
means of digital imaging and electronic mail or a facsimile machine, shall be treated in all manner and respects as an original
contract and shall be considered to have the same binding legal effects as if it were the original signed version thereof delivered
in person.

Section
11.07   Headings

The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning
or interpretation of this Agreement.

Section
11.08   Notices

All notices, requests and other communications hereunder must be in writing and will be deemed to have been duly given only if
delivered personally against written receipt or by facsimile transmission against facsimile confirmation or mailed by prepaid
first class certified mail, return receipt requested, or mailed by overnight courier (of national reputation) prepaid, to the
Parties at the following addresses or facsimile numbers:

If
to the Company or the Sellers:

Sigal Consulting LLC

26
Ossipee Road

Suite
201

Newton,
Massachusetts 02464

Fax:
781-719-0633

Attention:
Jon R. Levine

 

with
a copy (which shall not constitute notice) to:

Fireman & Associates

26
Ossipee Rd, Suite 202

Newton,
Massachusetts 02464

Fax: 781-559-8811

Attention: Robert Fireman

If
to Buyer:

MariMed Advisors Inc.

c/o
Worlds Online Inc.

11
Royal Road

Brookline,
Massachusetts

Fax:
(617) 975 3888

Attention:
Mr. Thom Kidrin

with
a copy (which shall not constitute notice) to:

Feder Kaszovitz LLP

845
Third Avenue

New
York, New York 10022-6601

Fax:
(212) 888-7776

Attention:
Irving Rothstein, Esq.

 

All
such notices, requests and other communications will (a) if delivered personally to the address as provided in this Section 11.08
or by facsimile transmission to the facsimile number as provided for in this Section 11.08, be deemed given on
the day so delivered, or, if delivered after 5:00 p.m. local time or on a day other than a Business Day, then on the next proceeding
Business Day, (b) if delivered by mail in the manner described above to the address as provided in this Section 11.08,
be deemed given on the earlier of the third Business Day following mailing or upon receipt, and (c) if delivered by overnight
courier to the address as provided for in this Section 11.08, be deemed given on the earlier of the first Business
Day following the date sent by such overnight courier or upon receipt, in each case regardless of whether such notice, request
or other communication is received by any other Person to whom a copy of such notice is to be delivered pursuant to this Section 11.08.
Either Party from time to time may change its address, facsimile number or other information for the purpose of notices to that
Party by giving notice (delivered in accordance with this Section) specifying such change to the other Party.

Section
11.09   Governing Law

This Agreement shall be governed by and construed in accordance with the domestic Laws of the State of Delaware without giving
effect to any choice or conflict of Law provision or rule (whether of the State of Delaware or any other jurisdiction) that would
cause the application of the Laws of any jurisdiction other than the State of Delaware.

Section
11.10   Consent to Jurisdiction

Each Party irrevocably submits to the exclusive jurisdiction of the State and Federal courts located in New York County, New York,
for the purposes of any suit, action or other proceeding arising out of this Agreement or the transactions contemplated hereby.
Each Party further agrees that service of any process, summons, notice or document by U.S. registered mail to such Party’s
respective address set forth above shall be effective service of process for any action, suit or proceeding in Los Angeles, California
with respect to any matters to which it has submitted to jurisdiction in this Section 11.10. Each Party irrevocably
and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement
or the transactions contemplated hereby in the State and Federal courts located in New York County, New York, and hereby further
irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding
brought in any such court has been brought in an inconvenient forum.

Section
11.11   Amendments and Waivers

No amendment of any provision of this Agreement shall be valid unless the same shall be in writing and signed by Buyer and each
Seller. No waiver by either Party of any default, misrepresentation or breach of warranty or covenant hereunder, whether intentional
or not, shall be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty, covenant or agreement
hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence. Except as otherwise provided
in this Agreement, no failure or delay by any party in exercising any right, power or remedy with respect to any of the provisions
of this Agreement will operate as a waiver of such provisions or any other provisions.

Section
11.12   Incorporation of Exhibits and Schedules

The exhibits and schedules identified in this Agreement are incorporated herein by reference and made a part hereof.

Section
11.13   Construction

Where specific language is used to clarify by example a general statement contained herein, such specific language shall not be
deemed to modify, limit or restrict in any manner the construction of the general statement to which it relates. The language
used in this Agreement shall be deemed to be the language chosen by the Parties to express their mutual intent, and no rule of
strict construction shall be applied against any Party.

Section
11.14   Interpretation

Unless the context of this Agreement otherwise requires, (i) words of any gender include each other gender; (ii) words
using the singular or plural number also include the plural or singular number, respectively; (iii) the terms “hereof,”
“herein,” “hereby” and derivative or similar words refer to this entire Agreement; (iv) the terms
“Article” or “Section” refer to the specified Article or Section of this Agreement and (v) the
word “including” means “including without limitation.”

If
any provision of this Agreement or the application of any such provision is held to be prohibited or unenforceable in any jurisdiction,
such provision will, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability. The remaining
provisions of this Agreement will remain in full force and effect, and any such prohibition or unenforceability in any jurisdiction
will not invalidate or render unenforceable such provision in any other jurisdiction. The Parties will use their best efforts
to replace the provision that is contrary to law with a legal one approximating to the extent possible the original intent of
the Parties.

Section
11.15 Disclosure Schedules

The information set forth in each section or subsection of the Disclosure Schedules to this Agreement (the “Disclosure
Schedules”) shall be deemed to provide the information contemplated by, or otherwise qualify, the representations and
warranties of the Company and the Sellers set forth in the corresponding section or subsection of this Agreement. Prior to the
Closing, the Company and the Sellers shall have the right from time to time to supplement, modify or update the Disclosure Schedules
and, except for purposes of Section 8.02, any such supplements, modifications and updates shall supplement, modify and
amend the Disclosure Schedules for all purposes, including for purposes of Section 10.02.

*****

    	(11)

    	 

    

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

MARIMED
ADVISORS INC.

By:
___________________________________

Name:
Thom Kidrin

Title:
CEO

WORLDS
ONLINE INC. 

 

 

By:___________________________________

Name:
Thom Kidrin

Title:
CEO

 

 

SIGAL
CONSULTING LLC 

 

 

By:___________________________________

Name:
Jon R. Levine

Title:
Manager

 

______________________________________

Robert
Fireman

 

 

 

______________________________________

Gerald
J. McGraw Jr.

 

 

______________________________________

Jon
R. Levine

 

 

 

______________________________________

James
E. Griffin Jr.

 

    	(12)

    	 

    

 

Exhibit
A

 

	Seller	Percentage
    Interests
	Robert
    Fireman	25.0%
	Gerald
    J. McGraw Jr.	25.0%
	Jon
    R. Levine	25.0%
	James
    E. Griffin Jr.	25.0%exhibit_10-1.htm

EXHIBIT 10.1

 

***Text Omitted and Filed Separately

Confidential Treatment Requested

Under 17 C.F.R. §§ 200.80(b)(4)

and 17 C.F.R. 24b-2

AMENDMENT NO. 1

 

TO AMENDED AND RESTATED CREDIT AGREEMENT

 

This Amendment No. 1 to Amended and Restated Credit Agreement is dated as of May 23, 2014 (this “Agreement”), and is among the Lenders identified on the signature pages hereof as Lenders (which Lenders constitute the Required Lenders and, as applicable, all of the Lenders directly affected by the applicable amendments to be effected by this Agreement), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Wells Fargo”), as agent for the Lenders (Wells Fargo, in that capacity, “Agent”), PAC-VAN, INC., an Indiana corporation (“Pac-Van”), and LONE STAR TANK RENTAL INC., a Delaware corporation (“Lone Star” and, together with Pac-Van, each a “Borrower”).

 

The Lenders, Agent, and Borrowers are party to an Amended and Restated Credit Agreement dated as of April 7, 2014 (as amended, restated, supplemented, or otherwise modified before the date of this Agreement, the “Credit Agreement”).

 

The parties also desire to modify the Credit Agreement in certain respects.

 

The parties therefore agree as follows:

 

1. Definitions. Defined terms used but not defined in this Agreement are as defined in the Credit Agreement.

 

2. Amendments to Credit Agreement.

 

(a) Section 2.4(e) of the Credit Agreement is hereby amended by inserting after Section 2.4(e)(vi) the following new Section 2.4(e)(vii):

 

“           (vii)           Cash Equity Contributions (GFC 2021 Notes). Within 1 Business Day of the date of receipt by any Borrower of any cash equity contribution made in connection with the GFC 2021 Notes, Borrowers shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(f)(i) in an amount equal to 100% of such cash equity contribution.”

 

(b) Section 6.7 of the Credit Agreement is hereby amended as follows: (1) by deleting the word “and” at the end of Section 6.7(h); (2) by replacing the period at the end of Section 6.7(i) with “; and”; and (3) by inserting the following new Section 6.7(j) after amended Section 6.7(i):

 

  

1

  

“           (j)           in addition to any Affiliate Distributions or other dividends permitted under this Section 6.7, Pac-Van and Lone Star may declare and pay dividends to GFN on account of Equity Interests issued to GFN by Pac-Van or Lone Star that do not constitute “Series A Cumulative Preferred Stock” (as defined in Pac-Van’s Governing Documents as in effect on the date of this Agreement or Lone Star’s Governing Documents as in effect on the date of this Agreement) in an aggregate amount not to exceed, in any fiscal year of Borrowers, the lesser of (i) [...***...]*, and (ii) the actual amount of annual interest required to be paid in respect of the GFC 2021 Notes, so long as before and immediately after giving effect to the payment of any such dividend, (1) no Default or Event of Default shall have occurred and be continuing or would result therefrom, (2) each of Pac-Van and Lone Star is Solvent, (3) Excess Availability is greater than or equal to $5,000,000, (4) the Fixed Charge Coverage Ratio, measured on a trailing-twelve-months’ basis as of the end of the most recently completed month for which financial statements have been provided to Agent pursuant to Section 5.1, both actual and giving pro forma effect to the payment of that dividend, will be greater than 1.25 to 1.00 and (5) such dividends are paid no earlier than ten (10) Business Days prior to the date GFC is required to fund interest payments in a like amount in respect of the GFC 2021 Notes.”

 

(c) Section 8 of the Credit Agreement is hereby amended by inserting after Section 8.13 the following new Section 8.14:

 

“           8.14           Required GFC 2021 Notes Equity Contributions. The failure of the Borrowers to receive a cash equity contribution from GFC, within five (5) Business Days following the date of any receipt by GFC of any proceeds of the GFC 2021 Notes, in an aggregate amount equal to an amount not less than 80% of those proceeds received by GFC.”

 

(d) Clause (p) of the definition of “Permitted Investments” in Schedule 1.1 to the Credit Agreement is hereby amended by replacing “$5,000,000” with “$10,000,000.”

 

(e) Schedule 1.1 to the Credit Agreement is hereby further amended to insert after the definition of “GFC” and before the definition of “GFN” the following new definition:

 

“           “GFC 2021 Notes” means the up to $72,000,000 aggregate principal amount of [...***...]* senior unsecured notes due 2021 issued by GFC.”

 

3. Representations. To induce Agent and the Lenders to enter into this Agreement, each Borrower hereby represents to Agent and the Lenders as follows:

 

	
(1)  

	
that that Borrower is duly authorized to execute and deliver this Agreement and is and will continue to be duly authorized to borrow monies under the Credit Agreement, as amended by this Agreement, and to perform its obligations under the Credit Agreement, as amended by this Agreement;

 

  
* Confidential Treatment Requested.

  

2

  

	
(2)  

	
that the execution and delivery of this Agreement and the performance by that Borrower of its obligations under the Credit Agreement, as amended by this Agreement, do not and will not conflict with any provision of law or of the articles of incorporation or bylaws of that Borrower or of any agreement binding upon that Borrower;

 

	
(3)  

	
that the Credit Agreement, as amended by this Agreement, is a legal, valid, and binding obligation of that Borrower, enforceable against that Borrower in accordance with its terms, except as enforceability is limited by bankruptcy, insolvency, or other similar laws of general application affecting the enforcement of creditors’ rights or by general principles of equity limiting the availability of equitable remedies;

 

	
(4)  

	
that the representations and warranties set forth in Section 4 of the Credit Agreement, as amended by this Agreement, are true and correct in all material respects (but if any representation or warranty is by its terms qualified by concepts of materiality, that representation or warranty is true and correct in all respects), in each case with the same effect as if such representations and warranties had been made on the date of this Agreement, with the exception that all references to the financial statements mean the financial statements most recently delivered to Agent except for such changes as are specifically permitted under the Credit Agreement and except to the extent that any such representation or warranty expressly relates to an earlier date;

 

	
(5)  

	
that that Borrower has complied with and is in compliance with all of the covenants set forth in the Credit Agreement, as amended by this Agreement, including those set forth in Section 5, Section 6, and Section 7 of the Credit Agreement; and

 

	
(6)  

	
that as of the date of this Agreement, no Default or Event of Default has occurred and is continuing.

 

4. Conditions. The effectiveness of this Agreement is subject to satisfaction of the following conditions:

 

	
(1)  

	
that Agent has received this Agreement executed by Agent, the Lenders, and Borrowers;

 

	
(2)  

	
that Agent has received copies (executed or certified, as appropriate) of all other legal documents or minutes of proceedings taken in connection with the execution and delivery of this Agreement to the extent Agent or its counsel reasonably requests;

 

	
(3)  

	
that Borrowers have paid all fees and expenses required to be paid by Borrowers on the date of this Agreement under this Agreement, the Credit Agreement, or the other Loan Documents; and

 

	
(4)  

	
that all legal matters incident to the execution and delivery of this Agreement are satisfactory to Agent and its counsel.

 

5. Release. Each Borrower hereby waives and releases any and all current existing claims, counterclaims, defenses, or set-offs of every kind and nature which it has or might have against Agent or any Lender arising out of, pursuant to, or pertaining in any way to the Credit Agreement, any and all documents and instruments delivered in connection with or relating to the foregoing, or this Agreement. Each Borrower hereby further covenants and agrees not to sue Agent or any Lender or assert any claims, defenses, demands, actions, or liabilities against Agent or any Lender which occurred prior to or as of the date of this Agreement arising out of, pursuant to, or pertaining in any way to the Credit Agreement, any and all documents and instruments delivered in connection with or relating to the foregoing, or this Agreement.

 

  

3

  

6. Miscellaneous.

 

(a) This Agreement is governed by, and is to be construed in accordance with, the laws of the State of Illinois. Each provision of this Agreement is severable from every other provision of this Agreement for the purpose of determining the legal enforceability of any specific provision.

 

(b) This Agreement binds Agent, the Lenders, and Borrowers and their respective successors and assigns, and will inure to the benefit of Agent, the Lenders, and Borrowers and the successors and assigns of Agent and each Lender.

 

(c) Except as specifically modified or amended by the terms of this Agreement, all other terms and provisions of the Credit Agreement and the other Loan Documents are incorporated by reference in this Agreement and in all respects continue in full force and effect. Each Borrower, by execution of this Agreement, hereby reaffirms, assumes, and binds itself to all of the obligations, duties, rights, covenants, terms, and conditions that are contained in the Credit Agreement and the other Loan Documents.

 

(d) Each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” or words of like import, and each reference to the Credit Agreement in any and all instruments or documents delivered in connection therewith, will be deemed to refer to the Credit Agreement, as amended by this Agreement.

 

(e) This Agreement is a Loan Document. Each Borrower acknowledges that Agent’s reasonable costs and out-of-pocket expenses (including reasonable attorneys’ fees) incurred in drafting this Agreement and in amending the Loan Documents as provided in this Agreement constitute Lender Group Expenses.

 

(f) The parties may sign this Agreement in several counterparts, each of which will be deemed to be an original but all of which together will constitute one instrument.

 

[Signature pages to follow]

 

  

4

  

The parties are signing this Amendment No. 1 to Amended and Restated Credit Agreement as of the date stated in the introductory clause.

	  	  	  	  
	  	
PAC-VAN, INC.,

as a Borrower

 

	  	
By:  

	
/s/ Charles E. Barrantes

	  	
Name: 

	
Charles E. Barrantes

	  	
Title

	
Director

	  	  	  	  
	  	
LONE STAR TANK RENTAL INC.,

as a Borrower

 

	  	
By:  

	
/s/ Christopher A. Wilson

	  	
Name: 

	
Christopher A. Wilson

	  	
Title

	
Secretary

 

 

Signature page to Amendment No. 1 to Amended and Restated Credit Agreement (Pac-Van)

  

  

  

 

	  	  	  	  
	  	
WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Agent and as a Lender

 

	  	
By:  

	
/s/ Brian Hynds

	  	
Name: 

	
Brian Hynds

	  	  	
Its Authorized Signatory

 

 

 

Signature page to Amendment No. 1 to Amended and Restated Credit Agreement (Pac-Van)

  

  

  

 

 

	  	  	  	  
	  	
HSBC BANK USA, N.A.,

as a Lender

 

	  	
By:  

	
/s/ William M. Ozaki

	  	
Name: 

	
William M. Ozaki

	  	  	
Its Authorized Signatory

 

 

Signature page to Amendment No. 1 to Amended and Restated Credit Agreement (Pac-Van)

  

  

  

 

	  	  	  	  
	  	
CAPITAL ONE BUSINESS CREDIT CORP.,

as a Lender

 

	  	
By:  

	
/s/ Ron Walker

	  	
Name: 

	
Ron Walker

	  	  	
Its Authorized Signatory

 

 

Signature page to Amendment No. 1 to Amended and Restated Credit Agreement (Pac-Van)

  

  

  

GUARANTOR ACKNOWLEDGMENT

 

This Guarantor Acknowledgment refers to, and is attached to, an Amendment No. 1 to Amended and Restated Credit Agreement dated as of May 23, 2014, among Pac-Van, Inc., an Indiana corporation (“Pac-Van”), and Lone Star Tank Rental Inc., a Delaware corporation (“Lone Star” and, together with Pac-Van, each a “Borrower”), the Lenders identified on the signature pages thereof as Lenders, and Wells Fargo Bank, National Association, a national banking association, as agent for the Lenders (the “Amendment”). Defined terms used but not defined in this Guarantor Acknowledgment are as defined in the Amendment.

 

Each of the undersigned, in its capacity as a Guarantor, hereby does the following: (1) consents to the Amendment; (2) acknowledges that the Amendment does not in any way modify, limit, or release any of its obligations under the Guaranty and Security Agreement to which it is a party; (3) ratifies and confirms its obligations under the Guaranty and Security Agreement to which it is a party and acknowledges that those obligations continue in full force and effect; and (4) acknowledges that its consent to any other modification to any Loan Document will not be required as a result of the consent set forth in this Guarantor Acknowledgment having been obtained, except to the extent, if any, required by the specific terms of that Loan Document.

 

Dated as of the date of the Amendment.

 

	  	  	  	  
	  	
PV ACQUISITION CORP.,

an Alberta corporation

 

	  	
By:  

	
/s/ Christopher A. Wilson

	  	
Name: 

	
Christopher A. Wilson

	  	
Title

	
Secretary

 

 

 

Guarantor Acknowledgment to Amendment No. 1 to Amended and Restated Credit Agreement (Pac-Van)

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