Document:

EX-10.12

 Exhibit 10.12 

STANDARD WAREHOUSE LEASE AGREEMENT 
  

			
		 	 APPROXIMATELY 129,450 SQUARE FEET

		 	 2240 Forum Drive

		 	 Arlington, Texas 76010

 LEASE AGREEMENT 

THIS LEASE AGREEMENT (the “Lease”), made and entered into by and between Forum Drive Industrial Properties, LLC, a South Carolina limited
liability company (“Landlord”) and Wallbox USA Inc., a Delaware corporation (“Tenant”). 

1.    CERTAIN DEFINED TERMS 

(A)    “Lease Date” means that date set forth under Landlord’s signature at the end of this Lease.

 (B)    “Land” means the land legally described on Exhibit A attached hereto and incorporated
herein by reference in the County of Tarrant, State of Texas. 
 (C)    “Premises” means certain
premises, as shown on Exhibit B attached hereto and incorporated herein by reference, being all or a portion of the Forum Commerce Center (the “Building”) constructed on the Land. 

(D)    “Permitted Use” means general office, receiving, storing, shipping and selling (other than retail)
products, materials and merchandise made and/or distributed by Tenant, light manufacturing, validation test bench and assembly, and for such other lawful purposes as may be incidental thereto, and subject to any restrictions on use contained in any
declaration, reciprocal easement agreement or similar agreement affecting the Land, as well as any rules and regulations for the Building or building complex in which the Building is located, if applicable. 

(E)    “Term” means the duration of this Lease, which will be approximately one hundred twenty
(120) months, beginning on the “Commencement Date” (as defined in Exhibit C) and ending on the “Expiration Date” (as defined below), unless terminated earlier or extended further as provided in this Lease. The
“Expiration Date” means (i) if the Commencement Date is the first day of a month, the date which is one hundred twenty (120) months from the date preceding the Commencement Date; or (ii) if the Commencement Date is not the
first day of a month, the date which is one hundred twenty (120) months from the last day of the month in which the Commencement Date occurs. 

(F)    “Base Rent” means the Rent payable according to Section 3, which will be in an amount per
month or portion thereof during the Term as outlined in Section 3: 
 (G)    “Proportionate Share”
means one hundred percent (100%). 
 (H)    “Security Deposit” means (i) a cash security deposit
in the amount of $163,111.32 (the “Cash Security Deposit”) and (ii) a letter of credit complying with the terms of Exhibit F attached hereto (the “Letter of Credit”). One-half
of the Cash Security Deposit shall be applied to the first month’s Rent when such becomes due hereunder. 

(I)    “Brokers” means the following brokers who will be paid by Landlord pursuant to the terms of
separate written agreements therewith: David Eseke and Clay Balch of Cushman & Wakefield US, Inc.; and Thomas L. Clark of Synergy Real Estate Group Corporate Advisory Inc. 

  

					
		  		  	 Landlord  DCB      

			
		  	1	  	 Tenant        D.A.    

		  		  	

 2.    PREMISES AND TERM In consideration of the obligation of
Tenant to pay rent as herein provided, and in consideration of the other terms, provisions and covenants hereof, Landlord hereby leases to Tenant, and Tenant hereby accepts and leases from Landlord the Premises, together with the non-exclusive right to use (a) the Building, and (b) the easement rights benefiting the Land, including, but not limited to, any access easements. The Premises, Building and Land shall hereinafter be
collectively referred to as, the “Property”. In the event that the Premises that Tenant is leasing under this Lease consists of an entire building, all references in this Lease to “Premises” or “Building” shall refer to
such building. 
 TO HAVE AND TO HOLD the same for the Term in accordance with the terms and conditions of this Lease. 

3.    BASE RENT, SECURITY DEPOSIT AND ADDITIONAL RENT. 

(A)    Base Rent. Tenant agrees to pay monthly Base Rent, in advance, without demand, deduction or
set off, for the entire Term hereof in the amounts as outlined on the table below. The first installment of monthly Base Rent shall be due and payable on or before the Lease Date and each payment of Rent (as defined herein), including, but not
limited to, each additional payment of monthly Base Rent shall be due and payable before the first day of each calendar month succeeding the Commencement Date during the Term. 

 

									
	 Months
	  	Annual Rate PSF	 	  	Monthly Base Rent	 
	 1-12
	  	$	5.75	 	  	$	62,028.13	 
	 13-24
	  	$	5.92	 	  	$	63,888.97	 
	 25-36
	  	$	6.10	 	  	$	65,805.64	 
	 37-48
	  	$	6.28	 	  	$	67,779.81	 
	 49-60
	  	$	6.47	 	  	$	69,813.20	 
	 61-72
	  	$	6.67	 	  	$	71,907.60	 
	 73-84
	  	$	6.87	 	  	$	74,064.83	 
	 85-96
	  	$	7.07	 	  	$	76,286.77	 
	 97-108
	  	$	7.28	 	  	$	78,575.37	 
	 109-120
	  	$	7.50	 	  	$	80,932.63	 

 (B)    Security Deposit. In addition, Tenant agrees to deposit with Landlord
on or before the Lease Date the Security Deposit, which sum shall be held by Landlord, without obligation for interest, as security for the performance of Tenant’s covenants and obligations under this Lease, it being expressly understood and
agreed that such Security Deposit is not an advance rental deposit or a measure of Landlord’s damages in case of an Event of Default or other breach by Tenant hereunder. Upon the occurrence of any Event of Default (as defined below in this
Lease) by Tenant, Landlord may, from time to time, without prejudice to any other remedy provided herein or provided by law, use such fund to the extent necessary to make good any arrears of rent or other payments due Landlord hereunder, and any
other damage, injury, expense or liability caused by such Event of Default; and Tenant shall pay to Landlord, upon demand, as Additional Rent, the amount so applied in order to restore the Security Deposit to its original amount. Landlord may
commingle the Security Deposit with the Landlord’s own funds and use such funds as Landlord determines. In no event shall Landlord be required to hold such funds in escrow or trust for Tenant. Landlord shall not be obligated to pay interest to
Tenant on account of the Security Deposit. In the event of a transfer by Landlord of Landlord’s interest in the Premises, Landlord or the property manager of Landlord may deliver the remaining balance of any Security Deposit to the transferee
of Landlord’s interest and Landlord and such property manager shall thereupon be discharged from any further liability to Tenant with respect to such Security Deposit. Although the Security Deposit shall be deemed the property of Landlord, any
remaining balance of the Security Deposit shall be returned by Landlord to Tenant at such time after expiration or earlier termination of this Lease that all of Tenant’s obligations under this Lease have been fulfilled, including, but not
limited to, the provisions of Section 27 hereof. The Letter of Credit shall be governed pursuant to the terms of Exhibit F attached hereto until such sums are drawn upon whereupon such proceeds shall be governed by the terms of this
Section 3(B). 
  

  

					
		  		  	 Landlord  DCB      

			
		  	2	  	 Tenant        D.A.    

		  		  	

 (C)    Additional Rent; Rent. Any and all payments (other
than Base Rent) required to be made by Tenant pursuant to this Lease shall be deemed additional rent (“Additional Rent”) hereunder. Base Rent and Additional Rent shall herein be collectively referred to as, “Rent.” Subject to
adjustment to actual costs and expenses, the estimated initial Additional Rent shall be: 
  

									
	 Expense
	  	Expense PSF	 	  	Monthly Estimate	 
	 Real Estate Taxes
	  	$	1.35	 	  	$	14,563.13	 
	 Insurance
	  	$	0.12	 	  	$	1,294.50	 
	 CAM
	  	$	0.12	 	  	$	1,294.50	 
	 Management Fee
	  	 	3% of Rent	 	  	$	2,375.41	 

 (D)    Terms of Payment. All Rent shall be paid, without notice or demand,
except as otherwise specifically provided in this Lease. Tenant acknowledges that Landlord may accept payment of Base Rent and/or Additional Rent through a lock-box account at a federally insured financial
institution and that use of a lock-box account could mean that checks will be received and processed without actual review by Landlord. Consequently, in accordance with Section 28(M), acceptance of Rent
or of any check with any note or memorandum on such check shall not constitute a waiver of any preceding breach by Tenant; nor shall such action constitute a modification to this Lease, any such modification requiring, in accordance with
Section 28(F), a written instrument signed by both parties to this Lease. 
 4.    USE 

(A)    Permitted Use. The Premises shall be used only for the Permitted Use. Outside storage, including without
limitation, trucks and other vehicles, is prohibited without Landlord’s prior written consent; provided, however, that, to the extent applicable, Tenant may store trucks and other delivery vehicles necessary for Tenant’s normal, current
business operations but only in locations specifically approved by Landlord that do not involve any interference or danger to Tenant’s Permitted Use. Tenant may, subject to applicable law, utilize portions of the Premises for outside storage
associated with the Permitted Use in locations approved by Landlord. Tenant shall at its own cost and expense, prior to commencing operations within the Premises, obtain any and all licenses and permits necessary for any such use and shall provide
copies of all such licenses and permits to Landlord within ten (10) days after Tenant’s receipt thereof. At all times during the Term, Tenant shall comply with all governmental laws, ordinances and regulations applicable to the use of the
Premises, and shall promptly comply with, and shall promptly provide to Landlord copies of, all governmental orders and directives for the correction, prevention and abatement of nuisances in or upon, or connected with, the Premises, all at
Tenant’s sole expense. Tenant shall not permit any objectionable or unpleasant odors, smoke, dust, gas, noise or vibrations to emanate from the Premises, nor take any other action which would constitute a nuisance or would disturb or endanger
any other tenants of the Building or unreasonably interfere with such other tenant’s use of their respective premises. Without Landlord’s prior written consent, in Landlord’s sole discretion, Tenant shall not receive, store or
otherwise handle any product, material or merchandise which is explosive or highly flammable. Tenant will not permit the Premises to be used for any purpose or in any manner (including without limitation any method of storage) which would render the
insurance thereon void, render the insurance risk more hazardous, cause an increase in any applicable insurance premium. Tenant shall, at all times during the Term and any extension thereof, comply with all reasonable rules and regulations at any
time or from time to time established by Landlord covering use of the Property. Tenant shall have access to the Premises 24 hours per day, seven days a week during the Term. 

(B)    Indemnity for Damage. Tenant shall indemnify and hold harmless Landlord from any loss, liability, and
expenses, both actual and consequential, resulting from damage to the Building (including, but not limited to the floor slab) or Land caused by Tenant’s racking system, inventory, forklifts or equipment. 

(C)    Acceptance of Premises. Except as may otherwise be expressly provided in the Work Letter attached hereto as
Exhibit C, Tenant shall accept the Premises on the Commencement Date in its “AS-IS, WHERE-IS” condition. Landlord states that, to Landlord’s knowledge, the Premises as of the
Date of Lease, is not in violation of any applicable laws, ordinances, regulations, covenants or restrictions. Landlord shall have no obligation to perform or pay for any repair or other work in the Premises, except as otherwise expressly provided
herein. Landlord has made no representation or warranty as to the suitability of the Premises for the conduct of Tenant’s business, and Tenant 

  

					
		  		  	 Landlord  DCB      

			
		  	3	  	 Tenant        D.A.    

		  		  	

 
waives any implied warranty that the Premises are suitable for Tenant’s intended purposes. TENANT ACKNOWLEDGES THAT (i) IT HAS INSPECTED AND ACCEPTS THE PREMISES IN AN “AS-IS, WHERE-IS” CONDITION (EXCEPT AS EXPRESSLY PROVIDED IN THE WORK LETTER ATTACHED HERETO AS EXHIBIT C), (ii) THE BUILDING AND IMPROVEMENTS
COMPRISING THE PREMISES ARE SUITABLE FOR THE PURPOSE FOR WHICH THE PREMISES ARE LEASED AND LANDLORD HAS MADE NO WARRANTY, REPRESENTATION, COVENANT, OR AGREEMENT WITH RESPECT TO THE SUITABILITY, HABITABILITY, MERCHANTABILITY OR FITNESS FOR ANY
PARTICULAR PURPOSE OF THE PREMISES, (iii) THE PREMISES ARE IN GOOD AND SATISFACTORY CONDITION, (iv) NO REPRESENTATIONS AS TO THE REPAIR OF THE PREMISES, NOR PROMISES TO ALTER, REMODEL OR IMPROVE THE PREMISES
HAVE BEEN MADE BY LANDLORD (EXCEPT AS EXPRESSLY PROVIDED IN THE WORK LETTER ATTACHED HERETO AS EXHIBIT C), AND (v) THERE ARE NO REPRESENTATIONS OR WARRANTIES, EXPRESSED, IMPLIED OR STATUTORY, THAT EXTEND
BEYOND THE DESCRIPTION OF THE PREMISES. TENANT HEREBY WAIVES ANY WARRANTY OF CONDITION OR HABITABILITY, SUITABILITY FOR OCCUPANCY, USE OR HABITATION, FITNESS FOR A PARTICULAR PURPOSE OR MERCHANTABILITY, EXPRESS OR IMPLIED, RELATING TO THE PREMISES.
TENANT HAS NOT RELIED ON ANY REPRESENTATIONS OR WARRANTIES NOT EXPRESSLY SET FORTH IN THIS LEASE. The taking of possession of the Premises shall be conclusive evidence that Tenant accepts the Premises and that the Premises were in good condition
at the time possession was taken. 
 5.    TAXES. 

(A)    Obligation for Payment. Landlord agrees to pay before they become delinquent all taxes, assessments
and governmental charges of any kind and nature whatsoever lawfully levied or assessed against the Building and the Land, (hereinafter collectively referred to as “Taxes” or “Tax”). Tenant shall pay to Landlord monthly, as
Additional Rent, an amount equal to one-twelfth (1/12) of Tenant’s Proportionate Share of the estimated Taxes for each applicable year (as determined by Landlord). Notwithstanding anything herein to the
contrary, in the event that the construction or installation of any improvement or equipment within the Premises, by or on behalf of Tenant, causes an increase in the Taxes, Tenant shall be solely responsible for such increase and Landlord shall
have the right to require Tenant to pay such additional amount, as Additional Rent, together with the other monthly payments required to be paid by Tenant pursuant to this Section 5(A). Tenant shall pay to Landlord monthly, as Additional Rent,
an amount equal to one-twelfth (1/12) of the estimated amount of such increase (as determined by Landlord), If the total estimated payments paid by Tenant pursuant to this Section 5(A) in any calendar
year, or portion thereof during which the Lease is in effect, are less than Tenant’s actual Proportionate Share of such Taxes, Tenant shall pay to Landlord, upon demand, as Additional Rent, such Tax payment shortage, together with interest
thereon at the Default Rate from the date that is twenty (20) days after such demand, until fully paid. If the total estimated payments paid by Tenant pursuant to this Section 5(A) in any calendar year are more than Tenant’s actual
Proportionate Share of such Taxes for such calendar year, or portion thereof during which the Lease is in effect, Landlord shall retain such Tax payment excess and credit it to Tenant’s next accruing Rent payment. 

(B)    Other Taxes. If at any time during the Term of this Lease, the present method of taxation shall be
changed so that, in lieu of the whole or any part of any taxes, assessments or governmental charges levied, assessed or imposed on real estate and the improvements thereon, there shall be levied, assessed or imposed on Landlord a capital levy or
other tax directly on the rents received therefrom and/or a franchise tax, assessment, levy or charge measured by or based, in whole or in part, upon such rents for the present Building or other buildings on the Land or any future building or
buildings on the Land, then all such taxes, assessments, levies or charges, or the part thereof so measured or based, shall be deemed to be included within the term “Taxes” for the purposes hereof. 

(C)    Tax Protests. Landlord shall have the right, in its sole discretion, to employ a tax consulting firm to
attempt to assure a fair tax burden on the Building and Land within the applicable taxing jurisdiction. Landlord shall use reasonable efforts to obtain such service on a contingency fee basis where the cost of such service is less than or equal to
the amount of tax savings realized. Tenant shall pay to Landlord upon demand from time to time, as Additional Rent, Tenant’s Proportionate Share of the cost of such service, together with interest thereon at the Default Rate from the date that
is twenty (20) days after such demand, until fully paid. TENANT HEREBY WAIVES ALL RIGHTS TO PROTEST THE APPRAISED VALUE OF THE PROPERTY OR TO APPEAL THE SAME AND ALL RIGHTS TO RECEIVE NOTICES OF REAPPRAISALS. 

  

					
		  		  	 Landlord  DCB      

			
		  	4	  	 Tenant        D.A.    

		  		  	

 (D)    Proration. Any payment to be made pursuant to this
Section 5 with respect to the year in which this Lease commences or terminates shall be prorated. 

6.    LANDLORD’S REPAIRS AND OBLIGATIONS. 

(A)    Building; Notice of Defect. Landlord shall, at its expense, maintain only the roof, foundation, and
the structural soundness of the exterior walls of the Building in good repair, reasonable wear and tear excepted; provided, however, Tenant shall repair and pay for any damage to such structures caused by any act or omission of Tenant, or
Tenant’s employees, agents, invitees or licensees or caused by Tenant’s breach of the provisions of this Lease. The term “exterior walls” as used in this Section 6(A) shall not include windows, glass or plate glass, doors,
store fronts, office entries, or Demising Walls (as defined herein). Tenant shall immediately give Landlord written notice of defect or need for repairs, after which, to the extent Landlord is obligated hereunder to remedy such defect or make such
repair, Landlord shall have reasonable opportunity to repair same or cure such defect. Landlord’s liability with respect to any defects, repairs or maintenance for which Landlord is responsible under any of the provisions of this Lease shall be
limited to the cost of such repairs or maintenance or the curing of such defect. 
 (B)    Exterior
Maintenance; Tenant’s Payment. Landlord shall maintain the Land, regularly performing the mowing of any grass, trimming, weed removal, general landscape maintenance, common exterior lighting (if applicable), and other exterior maintenance
obligations of the Building, including but not limited to painting, the maintenance, repair and replacement of the downspouts, gutters, parking areas, driveways, and alleys in a clean and sanitary condition (“Landlord’s Exterior
Maintenance”). In addition, Landlord may provide all or any part of Tenant’s repairs and obligations under Section 7(A) below. Tenant shall, pay monthly, as Additional Rent, its Proportionate Share of the estimated cost and expense,
including, but not limited to, reasonable overhead, management and other fees, and reserves for costs incurred by Landlord pursuant to this Section 6. If, for any calendar year, or portion thereof during which the Lease is in effect,
Tenant’s total monthly payments made pursuant to this Section 7(A) are less than Tenant’s actual Proportionate Share of such repair obligations, Tenant shall pay to Landlord upon demand, as Additional Rent, the payment shortage,
together with interest thereon at the Default Rate from the date that is twenty (20) days after such demand, until fully paid. If the total estimated payments made by Tenant pursuant to this Section 6 in any calendar year, or portion
thereof during which the Lease is in effect, are more than Tenant’s actual Proportionate Share of such repairs and obligations, Landlord shall retain such excess and credit it to Tenant’s next accruing monthly Rent payment. Notwithstanding
anything herein to the contrary, Landlord shall have the right to require Tenant to pay, as Additional Rent, such other reasonable proportions of said repairs and obligations as may be determined by Landlord. Further, if it can be reasonably
determined that any costs incurred by Landlord pursuant to this Section 6(B) are the result of the acts or omissions of Tenant, its agents, employees, contractors or licensees, Tenant shall pay, as Additional Rent, the entire cost thereof, upon
demand, together with interest thereon at the Default Rate from the date of such demands until fully paid. 

7.    TENANT’S REPAIRS AND OBLIGATIONS; PARKING; HVAC. 

(A)    Tenant’s Obligations. Tenant shall, at its own cost and expense, keep and maintain all parts of the
Premises (except those for which Landlord is expressly responsible under the terms of this Lease) in good condition, promptly making all repairs, repainting, and replacements, including but not limited to, windows, glass and plate glass, doors, any
office entries, interior walls and finish work, floors and floor covering, heating and air conditioning systems, dock levelers, truck doors, dock bumpers, plumbing work and fixtures, termites and pest extermination inside the Premises, regular
removal of trash and debris. Tenant shall not be obligated to repair any damage caused by fire, tornado or other casualty covered by the insurance to be maintained by Landlord pursuant to Section 13(A) below, except that Tenant shall be
obligated to repair all wind damage to glass in and about the Premises except with respect to tornado or hurricane damage. 

(B)    Demising Wall. The cost of maintenance and repair of any wall, divider, partition or any other
structure inside the Premises (a “Demising Wall”) shall be Tenant’s responsibility. Tenant shall not damage any Demising Wall or disturb the integrity and support provided by any Demising Wall and shall, at its sole cost and expense,
promptly repair any damage or injury caused to any Demising Wall caused by Tenant or its employees, agents or invitees. 

  

					
		  		  	 Landlord  DCB      

			
		  	5	  	 Tenant        D.A.    

		  		  	

 (C)    Parking. In the event the Premises constitute a
portion of a multiple-occupancy building or more than one (1) building exists on the Land, Tenant and its employees, customers and licensees shall have the exclusive right together with other tenants of the Building (if any) or other buildings
on the Land, if any, their employees, customers and licensees, to use the parking areas, if any, as may be expressly identified and designated by Landlord in writing, subject to such reasonable rules and regulations as Landlord may from time to time
prescribe and subject to rights of ingress and egress of other tenants. Landlord shall not be responsible for enforcing Tenant’s exclusive parking rights against any third parties. 

(D)    HVAC Maintenance Agreement. Tenant shall, at its own cost and expense, enter into a quarterly
scheduled preventive maintenance/service contract with a maintenance contractor for servicing all heating and air conditioning systems and equipment within and/or serving the Premises. The maintenance contractor and the contract must be approved by
Landlord. Landlord may, at its option, enter into such maintenance agreement and Tenant will pay to Landlord, as Additional Rent, for the cost set forth in such contract. The service contract must include all services suggested by the equipment
manufacturer within the operation/maintenance manual and must become effective (and a copy thereof delivered to Landlord) within thirty (30) days of the date Tenant takes possession of the Premises. 

8.    ALTEARIONS. 

Tenant shall not make any alterations, additions or improvements to the Premises (including, but not limited to, roof and wall penetrations)
without the prior written consent of Landlord, which consent shall not be unreasonably withheld. In the event Landlord consents to the making of any such alterations, additions or improvements by Tenant, the same shall be made by Tenant, at
Tenant’s sole cost and expense, in accordance with all applicable laws, ordinances and regulations, and all requirements of Landlord’s and Tenant’s insurance policies and only in accordance with plans and specifications approved by
Landlord; and any contractor or person selected by Tenant to make the same and all subcontractors must first be approved in writing by Landlord. Tenant may, without the consent of Landlord, but at its own cost and expense, in a good workmanlike
manner and subject to the other requirements of this Section 8 (as applicable), erect such shelves, bins, machinery, racking systems, and trade fixtures within the Premises as it may deem advisable, without altering the basic character of the
Building or other improvements located on the Land and without overloading or damaging the Building or other improvements located on the Land, and in each case complying with all applicable governmental laws, ordinances, regulations and other
requirements. All alterations, additions, improvements and partitions erected by Tenant shall be and remain the property of Tenant during the Term of this Lease and Tenant shall, unless Landlord otherwise elects as hereinafter provided, remove all
alterations, additions, improvements and partitions erected by Tenant and restore the Premises to their condition as of the Commencement Date by the Expiration Date or upon earlier vacating of the Premises; provided, however, that if Landlord so
elects prior to the Expiration Date or upon earlier vacating of the Premises, such alterations, additions, improvements and partitions shall become the property of Landlord as of the Expiration Date or upon earlier vacating of the Premises and shall
be delivered up to Landlord with the Premises. Notwithstanding the foregoing sentence, all shelves, bins, machinery and trade fixtures installed by Tenant may be removed by Tenant prior to the termination of this Lease if Tenant so elects, and shall
be removed by the Expiration Date or upon earlier vacating of the Premises if required by Landlord. Upon any such removal Tenant shall restore the Premises and Building (if applicable) to their condition as of the Commencement Date. All such
removals and restoration shall be accomplished in a good workmanlike manner so as not to damage the primary structure or structural qualities of the Building and other improvements situated on the Land. The provisions of this Section 8 shall
survive the expiration or earlier termination of this Lease. 
 9.    SIGNS. 

Tenant agrees to conform to Landlord’s signage program for the Building and/or building complex in which the Building is located (if
applicable) and all costs and expenses for the sign, sign installation, removal and repair shall be paid by Tenant. Tenant shall have the right to install standard signs only where first approved in writing by Landlord and subject to any applicable
governmental laws, ordinances, regulations and other requirements. Tenant shall remove all signs prior to the termination of this Lease. Such installations and removals shall be made in such a manner as to avoid damage or defacement of the Building
and other improvements on the Land, and Tenant shall repair any damage or defacement, including without limitation, discoloration, caused by installation and/or removal. The provisions of this Section 9 shall survive the expiration or earlier
termination of this Lease. 

  

					
		  		  	 Landlord  DCB      

			
		  	6	  	 Tenant        D.A.    

		  		  	

 10.    INSPECTION AND RIGHT OF ENTRY. 

Landlord and Landlord’s agents and representatives shall have the right to enter the Premises at any time in the event of an emergency
and to enter and inspect the Premises at any reasonable time during business hours with reasonable prior notification, for the purpose of ascertaining the condition of the Premises or in order to make such repairs as may be required or permitted to
be made by Landlord under the terms of this Lease. During the period that is six (6) months prior to the end of the Term hereof, Landlord and Landlord’s agents and representatives shall have the right to enter the Premises at any
reasonable time during business hours for the purpose of showing the Premises and shall have the right to erect on the Premises and/or Building a suitable sign indicating the Premises are available. 

11.    UTILITIES. 

Landlord agrees to provide at its cost water, telephone, electricity and gas (when applicable) service connections to the Building in
accordance with the specifications, if any, attached hereto; but Tenant shall pay for all water, gas, heat, light, power, telephone, sewer, sprinkler charges and other utilities and services used on or from the Premises (collectively, “Utility
Services”), together with any taxes, penalties, surcharges or the like pertaining thereto, and any maintenance charges for such utilities, and shall furnish all electric light bulbs and tubes. If any such services are not separately metered to
Tenant, Tenant shall pay its share of all charges jointly metered with other premises; provided, however, that, in such event, Landlord shall have the right in its sole discretion to either (i) require Tenant to pay such other reasonable
proportion of said jointly metered charges as may be determined by Landlord in its sole discretion, or (ii) install a separate submeter for the Premises, in which case, Tenant shall pay to Landlord, upon demand, as Additional Rent, all costs
associated with such installation, together with interest thereon at the Default Rate from the date that is twenty (20) days after such demand, until fully paid. In no event shall Landlord be liable for, or be in default hereunder as a result
of, any interruption or failure of Utility Services to the Premises or Building. 
 12.    ASSIGNMENT AND SUBLETTING.

 (A)    General Prohibition; Transfer Notice. Tenant shall not, without the prior written consent of
Landlord, which consent shall not be unreasonably withheld or delayed: (1) assign, transfer, or encumber this Lease or any estate or interest herein, whether directly or by operation of law; (2) permit any other entity to become Tenant
hereunder by purchase, sale, merger, consolidation, or other reorganization; (3) if Tenant is an entity other than a corporation whose stock is publicly traded, permit the transfer of an ownership interest in Tenant so as to result in a change
in the current control of Tenant; (4) sublet any portion of the Premises; (5) grant any license, concession, or other right of occupancy of any portion of the Premises; or (6) permit the use of the Premises by any parties other than
Tenant (any of the events listed in (I) through (6) of this Section 12(A) being a “Transfer”). Tenant shall, by written notice (a “Transfer Notice”), advise Landlord of its desire from and after a stated date (which
shall not be less than thirty (30) days nor more than ninety (90) days after the date of Tenant’s Transfer Notice) to sublet the Premises or any portion thereof for any part of the term thereof; and in such event, Landlord shall have
the right, to be exercised by giving written notice to Tenant within ten (10) business days after receipt of Tenant’s Transfer Notice, to terminate this Lease as to the portion of the Premises described in Tenant’s Transfer Notice and
such notice shall, if given, terminate this Lease with respect to the portion of the Premises therein described as of the date stated in Tenant’s Transfer Notice. A Transfer Notice shall state the name and address of the proposed transferee,
and Tenant shall deliver to Landlord a true and complete copy of the proposed sublease or other Transfer documentation with said Transfer Notice. If a Transfer Notice shall specify all of the Premises and Landlord shall give said termination notice
with respect thereto, this Lease shall terminate on the date stated in Tenant’s Transfer Notice. If Landlord, upon receiving a Transfer Notice, with respect to any of the Premises, shall not exercise its right to terminate, Landlord will not
unreasonably withhold its consent to the Transfer specified in said Transfer Notice. Tenant shall, at Tenant’s sole cost and expense, discharge in full any outstanding commission obligation which may be due and owing as a result of any proposed
Transfer, whether or not this Lease is terminated pursuant hereto and rented by Landlord to the proposed subtenant or any other tenant. Concurrently with Tenant’s Transfer Notice of any request for consent to an assignment or sublease of the
Premises, Tenant shall pay to Landlord a fee of $1,500 to defray Landlord’s expenses in reviewing such request, and Tenant shall also reimburse Landlord immediately upon request for its reasonable attorneys’ fees incurred in connection
with considering any request for consent to a Transfer. 

  

					
		  		  	 Landlord  DCB      

			
		  	7	  	 Tenant        D.A.    

		  		  	

 (B)    Effect of Transfer. No Transfer hereunder by Tenant
shall result in Tenant being released or discharged from any liability under this Lease and the Guaranty (if any) shall be unaffected by any such sublease or assignment and shall remain in full force and effect for all purposes and the Guarantor
shall not be released from its obligations under the Lease. As a condition to Landlord’s prior written consent as provided for in Section 12(A) above, the subtenant or subtenants shall agree in writing to comply with and be bound by all of
the terms, covenants, conditions, provisions and agreements of this Lease, and Tenant shall deliver to Landlord promptly after execution, an executed copy of each sublease and an agreement of said compliance by each sublessee. The term of any such
proposed assignment or sublease shall not extend beyond the Lease Term. 
 (C)    No Implied Consent.
Landlord’s consent to any sale, assignment, encumbrance, subletting, occupation, lien or other Transfer shall not release Tenant from any of Tenant’s obligations hereunder or be deemed to be a consent to any subsequent occurrence. Any
sale, assignment, encumbrance, subletting, occupation, lien or other Transfer of this Lease which does not comply with the provision of this Section 12 shall be null and void, and, at Landlord’s option, shall be an Event of Default under
this Lease. 
 (D)    Excess Rent. Tenant shall pay to Landlord, immediately upon receipt thereof, the
excess of all compensation received by Tenant for any assignment of this Lease or subletting of the Premises over the Rent allocable to the portion of the Premises covered thereby. 

(E)    Advertising. Tenant shall not advertise or solicit, in any print, radio, electronic or other visual
medium, a rental rate for the space to be sublet below the rental rate which is then being quoted by Landlord for space in the Building, 

(F)    Consent Standards. It shall be reasonable for Landlord to withhold its consent to any Transfer if
(i) Tenant is in default under this Lease, (ii) the proposed transferee is a tenant in the Property or an affiliate of such a tenant or a party that Landlord has identified as a prospective tenant in the Property, (iii) the financial
creditworthiness (including, without limitation, the fact that the proposed assignee or sublessee has a smaller net worth than Tenant on the date of this Lease and/or such assignee or sublessee is less able financially to pay the rent under this
Lease as and when they are due and payable), nature of business, and character of the proposed transferee and/or replacement guarantor are not all reasonably satisfactory to Landlord, (iv) in the reasonable judgment of Landlord the purpose for
which the transferee intends to use the Premises (or a portion thereof) is not in keeping with Landlord’s standards for the Property or would impose a burden on the parking facilities, common areas or utilities that is greater than the burden
imposed by Tenant, (v) the proposed transferee is a government entity or quasi-governmental entity or agency, (vi) the proposed sublease or assignment is for less than the entire Premises or for less than the remaining Term of the Lease,
(vii) the Base Rent payable by the proposed transferee is less than the greater of: (x) the then prevailing fair market rental rate as reasonably determined by Landlord, or (y) the Base Rent payable by Tenant under the Lease and/or
(viii) the Transfer would cause Landlord to be in violation of any of its obligations under another lease or agreement to which Landlord is a party. The foregoing shall not exclude any other reasonable basis for Landlord to withhold its
consent. 
 13.    PROPERTY INSURANCE; FIRE AND CASUALTY DAMAGE 

(A)    Property Insurance. Landlord agrees to maintain the insurance set forth in Section 1 of
Exhibit D attached to this Lease and incorporated herein by this reference. Subject to the provisions of Sections 13(C), 13(D) and 13(E) below, such insurance shall be for the sole benefit of Landlord and under its sole control. Tenant shall
pay to Landlord monthly, as Additional Rent, an amount equal to one-twelfth (1/12) of Tenant’s Proportionate Share of the estimated cost for each applicable year (as determined by Landlord) of the
insurance maintained by Landlord pursuant to this Section 13. If Tenant’s total payments of such estimated amounts are less than Tenant’s actual Proportionate Share of the cost of maintaining such insurance for each applicable year,
Tenant shall pay such payment shortage to Landlord, upon demand, as Additional Rent, together with interest thereon at the Default Rate from the date that is twenty (20) days after such demand, until fully paid. If the total of such estimated
payments by Tenant are more than Tenant’s actual Proportionate Share of such costs, Landlord shall retain such excess and credit it to Tenant’s next accruing Rent payment. In the event that the Commencement Date or Expiration Date (or date
of earlier termination of this Lease) occurs within a calendar year, Tenant shall only be responsible for a pro rata portion of Tenant’s Proportionate share of the total cost of the insurance maintained by Landlord pursuant to this
Section 13 based on the portion of such year in which the Lease was in effect. 

  

					
		  		  	 Landlord  DCB      

			
		  	8	  	 Tenant        D.A.    

		  		  	

 (B)    Premium Increase. If any increase in the fire and extended
coverage insurance premiums paid by Landlord is caused by Tenant’s use and occupancy of the Premises, or if Tenant vacates the Premises and causes an increase in such premiums, then Tenant shall pay as Additional Rent the amount of such
increase to Landlord or such other tenants (as applicable). 
 (C)    Notice of Damage. If the Building or other
improvements utilized by Tenant situated upon the Land should be damaged or destroyed by fire, tornado or other casualty, Tenant shall give immediate written notice thereof to Landlord. 

(D)    Major Damage. If the Premises should be totally destroyed by fire, tornado or other casualty, or if
they should be so damaged thereby that rebuilding or repairs cannot in Landlord’s estimation be completed within one hundred eighty (180) days after the date upon which Landlord is notified by Tenant of such damage or if such casualty is
not covered by the insurance required to be maintained by Landlord hereunder, either Landlord or Tenant may terminate this Lease by providing prior written notice to the other party, delivered within fifteen (15) days after delivery of
Landlord’s Repair Notice (as defined below), and the rent shall be abated during the unexpired portion of this Lease, effective upon the date of the occurrence of such damage; provided, however, that Tenant’s right of termination may not
be exercised until it has received written notice from Landlord that the circumstances permitting termination pursuant to this Section 13(D) have occurred, which notice, Landlord shall deliver within ninety (90) days after Landlord’s
notification of such casualty (“Landlord’s Repair Notice”). 
 (E)    Minor Damage. If the
Premises or Building should be damaged by any peril covered by the insurance to be provided by Landlord under Section 13A above, but only to such extent that rebuilding or repairs can in Landlord’s estimation be completed within one
hundred eighty (180) days after the date upon which Landlord is notified by Tenant of such damage (as set forth in Landlord’s Repair Notice), this Lease shall not terminate, and Landlord shall at its sole cost and expense thereupon proceed
with reasonable diligence to rebuild and repair the Premises or Building at Landlord’s cost to substantially the condition in which they existed prior to such damage, except that Landlord shall not be required to rebuild, repair replace any
part of the partitions, fixtures, additions and other improvements which may have been placed in, on or about the Premises by Tenant and except that Landlord may elect not to rebuild if such damage occurs during the last year of the Term exclusive
of any option which is unexercised at the time of such damage. If the Premises are untenantable in whole or in part following such damage, the rent payable hereunder during the period in which they are untenantable shall be reduced in proportion to
the percentage of square footage of the Premises which is untenantable. 
 (F)    Mortgagee’s Rights.
Notwithstanding anything herein to the contrary, in the event the holder of any indebtedness secured by a mortgage or deed of trust covering the Premises requires that the insurance proceeds be applied to such indebtedness, then Landlord shall have
the right to terminate this Lease by delivering written notice of termination to Tenant within fifteen (15) days after such requirement is made by any such holder, whereupon all rights and obligations hereunder shall cease and terminate as of
the date of such notice. In such a case, Landlord shall reimburse Tenant (i) an amount equal to its reasonable, documented out-of-pocket cost of moving their
activity to a new facility not to exceed $15,000.00; and (ii) an amount equal to the unamortized investment made by Tenant in permanently affixed improvements constructed in the Premises amortized over the lesser of the natural useful life of
such improvements and the Term. 
 (G)    Release and Waiver of Subrogation. . Landlord shall not be liable to
Tenant or those claiming by, through, or under Tenant for any injury to or death of any person or persons or the damage to or theft, destruction, loss, or loss of use of any property (a “Loss”) caused by casualty, theft, fire, third
parties, or any other matter beyond the control of Landlord, or for any injury or damage or inconvenience which may arise through repair or alteration of any part of the Property, or failure to make repairs, or from any other cause, EVEN IF THE
SAME IS CAUSED BY LANDLORD’S NEGLIGENCE, but not if such Loss is caused by Landlord’s gross negligence or willful misconduct. The causes of loss – special form property insurance obtained by Landlord and Tenant covering their
respective property shall include a waiver of subrogation by the insurers and all rights based upon an assignment from its insured, against Landlord or Tenant, their officers, directors, employees, managers, agents, invitees, and contractors, in

  

					
		  		  	 Landlord  DCB      

			
		  	9	  	 Tenant        D.A.    

		  		  	

 
connection with any loss or damage thereby insured against. Neither party nor its officers, directors, employees, managers, agents, invitees or contractors shall be liable to the other for loss
or damage caused by any risk covered by or required by the terms of this Lease to be covered by property insurance, and each party waives any claims against the other party, and its officers, directors, employees, managers, agents, invitees and
contractors for such loss or damage, EVEN IF SUCH LOSS OR DAMAGE IS CAUSED BY THE NEGLIGENCE OF THE RELEASED PARTY. The failure of a party to insure its property shall not void this waiver. For purposes of the foregoing waiver, the amount of
any deductible under Tenant’s property insurance shall be deemed covered by, and recoverable by Tenant under the insurance policy to which such deductible relates. 

14.    LIABILITY AND INSURANCE 

(A)    Certain Waivers. Landlord shall not be liable to Tenant and Tenant hereby waives all claims against Landlord
and any of its partners for any injury or damage to any person or property in or about the Premises by or from any cause whatsoever, EVEN IF CAUSED BY LANDLORD’S NEGLIGENCE (BUT NOT GROSS NEGLIGENCE OR WILLFUL MISCONDUCT), and, without
limiting the generality of the foregoing, whether caused by water leakage of any character from the roof, walls, basement, or other portion of the Premises or the Building, or caused by gas, fire, Acts of God, discharge of sprinklers, excessive heat
or cold, sewage, odors, noise, bursting or leakage of pipes or plumbing fixtures, riot, strike, court order, governmental body or authority, other tenants, or explosion of the Building or the complex of which it may be a part or any part thereof.
Tenant will hold Landlord harmless from damages due to the interruption of Tenant’s business caused by any damage whatsoever. 

(B)    Indemnity; Tenant’s Risk. Tenant shall hold Landlord harmless from and defend Landlord against
any and all claims or liability from any injury or damage to any person or property whatsoever: (i) occurring in, on, or about the Premises or any part thereof EVEN IF SUCH INJURY OR DAMAGE RESULTS FROM THE JOINT OR CONCURRENT NEGLIGENCE
(BUT NOT THE SOLE OR GROSS NEGLIGENCE OR WILLFUL MISCONDUCT) OF LANDLORD OR LANDLORD’S PARTNERS, OFFICERS, DIRECTORS, AGENTS AND EMPLOYEES, (ii) occurring in, on, or about the Property (including without limitation, stairways,
passageways, roofs or hallways), the use of which Tenant may have in conjunction with other tenants of the Building, when such injury or damage shall be caused in part or in whole by the act, neglect, fault of, or omission of any duty with respect
to the same by Tenant, its agents, servants, employees, or any other person entering the Premises with express or implied invitation of Tenant. Tenant further agrees to indemnify and save harmless Landlord against and from any and all claims by or
on behalf of any person, firm, or corporation, arising from the conduct or management of any work or thing whatsoever done by Tenant in or about the Premises, and will further indemnify and save Landlord harmless against and from any and all claims
arising from any breach or Event of Default on the part of Tenant in the performance of any covenant or agreement on the part of Tenant to be performed pursuant to the terms of this Lease, or arising from any act or negligence of Tenant, or any of
its agents, contractors, servants, employees or licensees, and from and against all costs, counsel fees, expenses and liabilities incurred in connection with any such claim or action or proceeding brought thereon. Furthermore, in case any action or
proceeding be brought against Landlord by reason of any claims or liability, Tenant agrees to defend such action or proceeding at Tenant’s sole expense by counsel reasonably satisfactory to Landlord. Notwithstanding the foregoing, Tenant shall
not be liable to Landlord, or to Landlord’s agents, servants, employees, or invitees for any damage to person or property solely and proximately caused by any gross negligence or willful misconduct of Landlord, and Landlord agrees to indemnify,
defend and hold Tenant harmless from all claims for any such damage. The provisions of this Section 14 shall survive the expiration or earlier termination of this Lease with respect to any claims or liability arising from anything occurring
prior to such expiration or earlier termination. 
 (C)    Tenant’s Insurance. Tenant will comply
with the requirements set forth in Section 2 of Exhibit D attached to this Lease and incorporated herein by this reference, including, without limitation, purchasing, at Tenant’s own expense, and keeping in force during the Term of
this Lease, all of the insurance described in such section; provided, however, that he purchase of such insurance shall not release Tenant of any legal obligations contained within this Lease. 

  

					
		  		  	 Landlord  DCB      

			
		  	10	  	 Tenant        D.A.    

		  		  	

 15.    CONDEMNATION AND EMINENT DOMAIN 

(A)    Termination. If the whole or any substantial part of the Premises should be taken for any
public or quasi-public use under governmental law, ordinance or regulation, or by right of eminent domain, or by private purchase in lieu thereof (as applicable, a “Taking”), and the Taking would prevent or materially interfere with the
use of the Premises for the purpose for which they are being used, then either party hereto shall have the right to terminate this Lease upon prior written notice to the other party, effective on the date physical possession is taken by the
condemning authority or private purchaser. 
 (B)    Partial Taking. If part of the Premises shall be the
subject of a Taking, and this Lease is not terminated as provided in Section 15(A) above, this Lease shall not terminate but the Rent payable hereunder during the unexpired portion of this Lease shall be reduced in proportion to the percentage
of the Premises condemned and the reduction shall be effective on the date physical possession is taken by the condemning authority or private purchaser. 

(C)    Awards. All compensation awarded for any Taking (or the proceeds of private sale in lieu thereof) of
the Premises, Buildings or other improvements on the Land or any part thereof, shall be the property of Landlord, and Tenant hereby assigns its interest in any such award to Landlord; provided, however, Landlord shall have no interest in any award
made to Tenant for loss of business or for the taking of Tenant’s fixtures and improvements if a separate award for such items is made to Tenant and such award does not reduce the amount of any award otherwise payable to Landlord. 

(D)    Evidence of Termination. Any election to terminate this Lease following a Taking shall be evidenced
only by written notice of termination delivered to the other party not later than fifteen (15) days after the date on which physical possession is taken by the condemning authority or private purchaser and shall be deemed effective as of the
date of said Taking. 
 16.    HOLDING OVER. 

Tenant will, on or before the Expiration Date or earlier termination of this Lease, yield up immediate possession to Landlord with all repairs
and maintenance required herein to be performed by Tenant completed. If Landlord agrees in writing that Tenant may holdover after the Expiration Date or earlier termination of this Lease, unless the parties hereto otherwise agree in writing on the
terms of such holding over, the holdover tenancy shall be subject to termination by Landlord at any time upon not less than five (5) days advance written notice, or by Tenant at any time upon not less than thirty (30) days advance written
notice, and all of the other terms and provisions of this Lease shall be applicable during that period, except that Tenant shall pay Landlord from time-to-time, upon
demand, as rental for the period of any holdover, and in addition to all Additional Rent for such period which would otherwise be required to be paid by Tenant during the Term hereof, an amount equal to one hundred fifty percent (150%) of the Base
Rent in effect on the Expiration Date or the date or earlier termination of the Lease. Such amounts shall be computed on a daily basis for each day of the holdover period. Tenant shall pay all amounts due under this Section 16 to Landlord, upon
demand, together with interest thereon at the Default Rate from the date of such demand until fully paid. Notwithstanding anything herein to the contrary, no holdover by Tenant, whether with or without consent of Landlord, shall operate to extend
this Lease. The preceding provisions of this Section 16 shall not be construed as consent for Tenant to holdover. 

17.    QUIET ENJOYMENT. 

Landlord represents and warrants that it has full right and authority to enter into this Lease and that Tenant, while paying the Rent herein
set forth and performing its other covenants and agreements herein set forth, shall peaceably and quietly have, hold and enjoy the Premises for the Term hereof without hindrance or molestation from Landlord, subject to the terms and provisions of
this Lease. Landlord shall not be liable for any interference or disturbance by other tenants or third persons, nor shall Tenant be released from any of the obligations of this Lease because of such interference or disturbance. 

  

					
		  		  	 Landlord  DCB      

			
		  	11	  	 Tenant        D.A.    

		  		  	

 18.    EVENTS OF DEFAULT. 

The following events shall be deemed to be “Events of Default” by Tenant under this Lease: 

(A)    Failure to Pay Rent. Tenant shall fail to pay any installment of the Rent herein reserved when due,
or any other payment of reimbursement to Landlord required herein when due, and such failure shall continue for a period of five (5) days from the date such payment was due; or 

(B)    Abandonment. Tenant shall vacate all or a substantial portion of the Premises or fail to continuously
operate its business at the Premises for the Permitted Use for a period of thirty (30) days whether or not an Event of Default has occurred as to Tenant’s payment of Rent due under this Lease; or 

(C)    Liens. Tenant shall fail to discharge any lien placed upon the Premises, Building or Land in violation of
Section 22 hereof within twenty (20) days after any such lien or encumbrance is filed against the Premises, Building or Land, as applicable; or 

(D)    Generally. Tenant shall fail to comply with any term, provision or covenant of this Lease (other than
as set forth in this Section 18), and shall not cure such failure within thirty (30) days after Tenant’s knowledge thereof; or 

(E)    Guarantor’s Default. An occurrence of any of the foregoing Events of Default with respect to any
guarantor of this Lease, or if any guarantor fails to perform or observe any term, covenant or condition of its guaranty of this Lease; or 

(F)    Execution. The leasehold interest of Tenant shall be levied upon under execution or be attached by
process of law or Tenant shall fail to contest diligently the validity of any lien or claimed lien and give sufficient security to Landlord to insure payment thereof or shall fail to satisfy any judgment rendered thereon and have the same released,
and such failure shall continue for ten (10) days after Tenant’s knowledge of such proceeding; or 

(G)    Insolvency. Tenant shall become bankrupt or insolvent, or file any debtor proceedings, or voluntarily
file pursuant to any statute a petition in bankruptcy or insolvency or for reorganization, or file a petition for the appointment of a receiver or trustee for all or substantially all of Tenant’s assets and such petition or appointment shall
not have been set aside within sixty (60) days from the date of such petition or appointment, or in the event Tenant makes an assignment for the benefit of creditors, or petitions for or enters into an arrangement; or 

(H)    Insurance. Tenant shall fail to maintain any insurance required herein. 

19.    REMEDIES. 

(A)    Generally. Upon each occurrence of any Event of Default, Landlord shall have the option to pursue any
one or more of the following remedies without any notice or demand: (i) terminate this Lease; and/or (ii) enter upon and take possession of the Premises with or without terminating this Lease; and/or (iii) alter all locks and other
security devices at the Premises with or without terminating this Lease, and pursue, at Landlord’s option, one or more remedies pursuant to this Lease, Tenant hereby specifically waiving any state or federal law to the contrary; and in any such
event Tenant immediately shall surrender its Premises to Landlord, and if Tenant fails to do so, Landlord, without waiving any other remedy it may have, may enter upon and take possession of the Premises or any part thereof by force if necessary,
without being liable for prosecution or any claim of damages therefor. 
 (B)    Late Charges and Interest.
In the event Tenant fails to pay any installment of Rent or other sum due hereunder as and when such amount is due, to help defray the additional cost to Landlord for processing such late payments, Tenant shall pay to Landlord, on demand, as
Additional Rent, a late charge in an amount equal to five (5%) percent of such installment, together with interest thereon at the Default Rate from the date of such demand, until fully paid. The failure to pay such late charge, and the applicable
interest thereon, within five (5) days after demand therefor shall be an Event of Default. In addition, all Rent payable by Tenant under this Lease which is not paid within five (5) days after such amount is due shall bear interest at the
Default Rate from the first day after such amount is due 

  

					
		  		  	 Landlord  DCB      

			
		  	12	  	 Tenant        D.A.    

		  		  	

 
until such amount is fully paid. The provision for late charges and interest under this Section 19(B) shall be in addition to all of Landlord’s other rights and remedies hereunder or at
law and shall not be construed as liquidated damages or as limiting Landlord’s remedies in any manner. 

(C)    No Deemed Surrender; Landlord’s Rights. Exercise by Landlord of any one or more remedies
hereunder granted or otherwise shall not be deemed to be an acceptance of surrender of the Premises by Tenant, whether by agreement or by operation of law, it being understood that such surrender can be effected only by the written agreement of
Landlord and Tenant. No such alteration of locks or other security devices and no removal or other exercise of dominion by Landlord over the property of Tenant or others at the Premises shall be deemed unauthorized or constitute a conversion, Tenant
hereby consenting, after any Event of Default to the aforesaid exercise of dominion over Tenant’s property within the Premises. All claims for damages by reason of such re-entry and/or repossession and/or
alteration of locks or other security devices are hereby waived, as are all claims for damages by reason of any distress warrant, forcible detainer proceedings, sequestration proceedings or other legal process. Tenant agrees that any re-entry by Landlord may be pursuant to judgment obtained in forcible detainer proceedings or other legal proceedings or without the necessity for any legal proceedings, as Landlord may elect, and Landlord shall not
be liable for trespass or otherwise. 
 (D)    Ongoing Liability. In the event Landlord elects to terminate this
Lease by reason of an Event of Default, then notwithstanding such termination, Tenant shall be liable for and shall pay to Landlord, at the address specified for notice to Landlord herein, the sum of all Rent and other indebtedness accrued to the
date of such termination, plus, as damages, an amount equal to the greater of (i) the total Base Rent hereunder for the remaining portion of the Term (had this Lease not been terminated by Landlord prior to the Expiration Date), and
(ii) the then present value of the then fair rental value of the Premises for such period. 

(E)    Possession without Termination. In the event that Landlord elects to repossess the Premises without
terminating this Lease, then Tenant, at Landlord’s option, shall be liable for and shall pay to Landlord, at the address specified for notice to Landlord herein, all Rent and other indebtedness accrued to the date of such repossession, plus
Rent required to be paid by Tenant to Landlord during the remainder of the Term until the Expiration Date diminished by any net amounts of Rent thereafter received by Landlord through reletting the Premises during said period (after deducting
expenses incurred by Landlord as provided in Section 19(F) below). In no event shall Tenant be entitled to any excess of any rental obtained by letting over and above the Base Rent herein reserved. Actions to collect amounts due by Tenant to
Landlord under this Section 19(E) may be brought from time to time, on one or more occasions, without the necessity of Landlord’s waiting until Expiration Date. 

(F)    Landlord’s Costs. In case of any Event of Default or breach by Tenant, or threatened or
anticipatory Event of Default or breach, Tenant shall also be liable for and shall pay to Landlord, at the address specified for notice to Landlord herein, in addition to any sum provided to be paid above, any and all broker’s fees incurred by
Landlord in connection with reletting the whole or any part of the Premises; the costs of removing and storing Tenant’s or the occupant’s property; the costs of repairing, altering, remodeling or otherwise putting the Premises into
condition acceptable to a new tenant or tenants, and all reasonable expenses incurred by Landlord in enforcing or defending Landlord’s rights and/or remedies including reasonable attorney’s fees. 

(G)    Reletting. In the event of termination or repossession of the Premises for an event of default,
Landlord shall not have any obligation to relet or to attempt to relet the Premises, or any portion thereof, or to collect rental after reletting; and in the event of reletting, Landlord may relet the whole or any portion of the Premises for any
period to any tenant and for any use and purpose. 
 (H) Landlord’s Right to Perform. If Tenant should fail to make any payment
or fail to perform any other obligations of Tenant hereunder within the time herein permitted, Landlord, without being under any obligation to do so and without thereby waiving any such failure or Event of Default, as applicable, may make such
payment and/or remedy such other failure at the expense of Tenant without further prior notice to Tenant (and enter the Premises for such purpose), and all sums expended by, or expenses incurred by, Landlord (including reasonable attorney’s
fees) in making such payment or performing such obligation shall be deemed to be Additional Rent under this Lease and shall be due and payable upon demand by Landlord, together with interest thereon at the Default Rate from the date of such demand
until fully paid. 

  

					
		  		  	 Landlord  DCB      

			
		  	13	  	 Tenant        D.A.    

		  		  	

 (I) Furniture, Fixtures and Equipment. In the event that Landlord shall
have taken possession of the Premises pursuant to the authority herein granted, then Landlord shall have the right to keep in place and use all of the furniture, fixtures and equipment at the Premises, including that which is owned by or leased to
Tenant at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. Landlord shall also have the right to remove from the Premises (without the necessity of obtaining a
distress warrant, writ of sequestration or other legal process) all or any portion of such furniture, fixtures, equipment and other property located thereon and to place same in storage at any Premises within the County in which the Premises is
located; and in such event, Tenant shall be liable to Landlord for all costs incurred by Landlord in connection with such removal and storage. Landlord shall also have the right to relinquish possession of all or any portion of such furniture,
fixtures, equipment and other property to any person (“Claimant”) claiming to be entitled to possession thereof who presents to Landlord a copy of any instrument represented to Landlord by Claimant to have been executed by Tenant (or any
predecessor Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity of said
instrument’s copy of Tenant’s or Tenant’s predecessor’s signature(s) thereon and without the necessity of Landlord making any investigation or inquiry as to the validity of the factual or legal basis upon which Claimant purports
to act; and Tenant agrees to indemnify and hold Landlord harmless from all cost, expense, loss, damage and liability incident to Landlord’s relinquishment of possession of all or any portion of such furniture, fixtures, equipment or other
property to Claimant. The right of Landlord herein stated shall be in addition to any and all other rights which Landlord has or may hereafter have at law or in equity; and Tenant stipulates and agrees that the rights herein granted Landlord are
commercially reasonable. 
 (J) Suits by Landlord. Actions or suits for the recovery of amounts and damages payable under this
Lease may be brought by Landlord from time to time, at Landlord’s election, and Landlord shall not be required to await the date upon which the Lease Term would have expired to bring any such action or suit. 

20. LANDLORD’S LIEN. 

In addition to any statutory lien for rent in Landlord’s favor, Landlord shall have and Tenant hereby grants to Landlord a continuing
security interest for all rentals and other sums of money becoming due hereunder from Tenant, upon all goods, wares, equipment, fixtures, furniture, inventory, accounts, contract rights, chattel paper and other personal property of Tenant situated
on the Premises, and such property shall not be removed therefrom without the consent of Landlord until all arrearages in rent as well as any and all other sums of money then due to Landlord hereunder shall first have been paid and discharged.
Products of collateral are also covered. The record owner of such property is Tenant unless otherwise designated in writing to Landlord. Upon the occurrence of an Event of Default under this Lease, Landlord shall have, in addition to any other
remedies provided herein or by law, all rights and remedies under the Uniform Commercial Code, including without limitation the right to sell the property described in this Section 20 at public or private sale upon five (5) days notice to
Tenant. Tenant hereby authorizes Landlord at any time and from time to time to file any initial financing statements, amendments thereto and continuation statements as authorized by applicable law, required by Landlord to establish or maintain the
validity, perfection and priority of the security interests granted in this Lease. For purposes of such filings, Tenant agrees to furnish any information requested by Landlord promptly upon request by Landlord. Tenant also ratifies its authorization
for Landlord to have filed any like initial financing statements, amendments thereto or continuation statements if filed prior to the Lease Date. Tenant hereby irrevocably constitutes and appoints Landlord and any officer or agent of Landlord, with
full power of substitution, as its true and lawful attorneys-in-fact with full irrevocable power and authority in the place and stead of Tenant or in Tenant’s own
name to execute in Tenant’s name any such documents and to otherwise carry out the purposes of this Section 20, to the extent that Tenant’s authorization above is not sufficient. To the extent permitted by law, Tenant hereby ratifies
all acts said attorneys-in-fact shall lawfully do, have done in the past or cause to be done in the future by virtue hereof. This power of attorney is a power coupled
with an interest and shall be irrevocable. Any statutory lien for rent is not hereby waived, the express contractual lien herein granted being in addition and supplementary thereto. Tenant warrants that the collateral subject to the security
interest granted herein is not purchased or used by Tenant for personal, family or household purposes. Within twenty (20) days of Tenant’s written request therefor, Landlord shall execute a subordination of lien, in a form provided by
Landlord at the time of such request, for the purpose of subordinating the lien hereby granted to Landlord pursuant to this Section 20 to any purchase money financing required by Tenant to purchase any of the goods, wares, equipment, fixtures,
furniture, inventory, accounts, contract rights, chattel paper and other personal property encumbered by such lien. Concurrently with Tenant’s request for such subordination, Tenant shall pay to Landlord a fee of $1,500 to defray
Landlord’s expenses in reviewing such request. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	14	  	 Tenant        D.A.    

		  		  	

 21. MORTGAGES; ATTORNMENT. 

(A) Subordination. This Lease shall be subordinate to any deed of trust, mortgage, or other security instrument (each, a
“Mortgage”), or any ground lease, master lease, or primary lease (each, a “Primary Lease”), that now or hereafter covers all or any part of the Premises, Building, Land and other improvements located on the Land (the mortgagee
under any such Mortgage, beneficiary under any such deed of trust, or the lessor under any such Primary Lease is referred to herein as a “Landlord’s Mortgagee”). Any Landlord’s Mortgagee may elect at any time, unilaterally, to
make this Lease superior to its Mortgage, Primary Lease, or other interest in the Premises by so notifying Tenant in writing. The provisions of this Section shall be self-operative and no further instrument of subordination shall be required;
however, in confirmation of such subordination, Tenant shall execute and return to Landlord (or such other party designated by Landlord) within ten (10) days after written request therefor such documentation, in recordable form if required, as
a Landlord’s Mortgagee may reasonably request to evidence the subordination of this Lease to such Landlord’s Mortgagee’s Mortgage or Primary Lease (including a subordination, non-disturbance and
attornment agreement) or, if Landlord’s Mortgagee so elects, the subordination of such Landlord’s Mortgagee’s Mortgage or Primary Lease to this Lease. In connection with the initial execution of this Lease, Landlord shall use
commercially reasonable efforts to obtain a Subordination, Non-Disturbance and Attornment Agreement substantially in the form of Exhibit G attached hereto for the benefit of Tenant from
Landlord’s Mortgagee. 
 (B) Notice to Mortgagee. Tenant shall not seek to enforce any remedy it may have for any default on the
part of Landlord without first giving written notice by certified mail, return receipt requested, specifying the default in reasonable detail, to any Landlord’s Mortgagee whose address has been given to Tenant, and affording such
Landlord’s Mortgagee a reasonable opportunity to perform Landlord’s obligations hereunder. 
 (C) Mortgagee’s
Liability. If Landlord’s Mortgagee shall succeed to the interest of Landlord under this Lease, Landlord’s Mortgagee shall not be: (1) liable for any act or omission of any prior lessor (including Landlord); (2) bound by any rent
or additional rent or advance rent which Tenant might have paid for more than the current month to any prior lessor (including Landlord), and all such rent shall remain due and owing, notwithstanding such advance payment; or (3) bound by the
Security Deposit or any security or advance rental deposit made by Tenant which is not delivered or paid over to Landlord’s Mortgagee and with respect to which Tenant shall look solely to Landlord for refund or reimbursement. Landlord’s
Mortgagee shall have no liability or responsibility under or pursuant to the terms of this Lease or otherwise after it ceases to own an interest in the Building. Nothing in this Lease shall be construed to require Landlord’s Mortgagee to see to
the application of the proceeds of any loan, and Tenant’s agreements set forth herein shall not be impaired on account of any modification of the documents evidencing and securing any loan. 

(D) Attornment. If the interest of Landlord is transferred to any person (a “Successor Landlord”) by reason of the
termination or foreclosure, or proceedings for enforcement, of a Mortgage or Primary Lease, by delivery of a deed in lieu of such foreclosure or proceedings, or in connection with the sale or other conveyance of Landlord’s interest in the
Premises, Tenant will immediately and automatically attorn to the Successor Landlord. Upon attornment, this Lease will continue in full force and effect as a direct lease between the Successor Landlord and Tenant. Tenant agrees, upon request by and
without cost to the Successor Landlord, to promptly execute and deliver to the Successor Landlord such instrument(s) as may be reasonably required to evidence such attornment. 

22. MECHANICS LIEN AND OTHER TAXES. 

Tenant shall have no authority, express or implied, to create or place any lien or encumbrance of any kind or nature whatsoever upon, or in
any manner to bind the interests of Landlord in the Property or any improvements located on the Land or to charge the Rent payable hereunder for any claim in favor of any person dealing with Tenant, including those who may furnish materials or
perform labor for any construction or repairs, and each such claim shall affect and each such lien shall attach to, if at all, only the leasehold interest granted to Tenant by this Lease. Tenant shall cause any lien placed on the Property or
improvements located on the Land to be discharged and removed of 

  

					
	        	  		  	 Landlord  DCB      

			
		  	15	  	 Tenant        D.A.    

		  		  	

 
record (by satisfaction or bonding in accordance with all applicable law, ordinances and regulations) within ten (10) days after the filing thereof. Tenant covenants and agrees that it will
pay or cause to be paid all sums legally due and payable by it on account of any labor performed or materials furnished in connection with any work performed on the Premises on which any lien is or can be validly and legally asserted against its
leasehold interest in the Premises or the improvements thereon and that it will indemnify and save and hold Landlord harmless from any and all loss, cost or expense based on or arising out of asserted claims or liens against the leasehold estate or
against the right, title and interest of Landlord in the Property or any improvements located on the Land resulting from Tenant’s lease of the Premises or under the terms of this Lease. Tenant agrees to give Landlord immediate written notice if
any lien or encumbrance is placed on the Premises. 
 23. NOTICES. 

Each provision of this Lease or of any applicable governmental laws, ordinances, regulations and other requirements with reference to the
sending, mailing or delivery of any notice or the making of any payment by Landlord to Tenant or with reference to the sending, mailing or delivery of any notice or the making of any payment by Tenant to Landlord shall be deemed to be complied with
when and if the following steps are taken: 
 (A) Tenant’s Payments. All Rent and other payments required to be made by Tenant to
Landlord hereunder shall be payable to Landlord at the address hereinbelow set forth or at such other address as Landlord may specify from time to time by written notice delivered in accordance herewith. Tenant’s obligations to pay Rent and any
other amounts to Landlord under the terms of this Lease shall not be deemed satisfied until such Rent and other amounts have been actually received by Landlord. 

(B) Landlord’s Payments. All payments required to be made by Landlord to Tenant hereunder shall be payable to Tenant at the
address hereinbelow set forth, or at such other address within the continental United States as Tenant may specify from time to time by written notice delivered in accordance herewith. 

(C) Method of Delivery; Addresses. All notices and other communications or deliveries given pursuant to this Lease shall be in writing
and shall be either: (i) mailed by first class, United States Mail, postage prepaid, certified, with return receipt requested, and addressed to the parties hereto at the address specified below in this Section 23(C); (ii) hand delivered to
the intended addressee; (iii) sent by a nationally recognized overnight courier service; or (iv) sent by Email transmission during normal business hours followed by a copy of such notice sent in another manner permitted hereunder. All
notices shall be effective upon the earlier to occur of actual receipt, one (I) business day following deposit with a nationally recognized overnight courier service, or three (3) days following deposit in the United States mail. The
parties hereto may change their addresses by giving written notice thereof to the other in conformity with this provision. The initial notice addresses for Landlord and Tenant are as follows: 

 

			
	LANDLORD:	  	TENANT:
		
	Forum Drive Industrial Properties, LLC	  	Wallbox USA Inc.
	c/o Johnson Development Associates, Inc.	  	723 N. Shoreline Blvd
	100 Dunbar Street, Suite 400	  	Mountain View, CA 94043
	Spartanburg, SC 29302	  	Attn: General Manager
	Attn: Andy Halligan	  	Email: douglas.alfaro@wallbox.com
	Email: (ahalligan@johnsondevelopntent.net)	  	
		
	With a copy to:	  	With a copy to:
		
	Forum Drive Industrial Properties, LLC	  	Wallbox USA Inc.
	c/o Johnson Development Associates, Inc.	  	800 W. El Camino Real Suite 180
	100 Dunbar Street, Suite 400	  	Mountain View, CA 94040
	Spartanburg, SC 29302	  	
	Attn: Brooks Gaylord	  	
	Email: bgaylord@johnsondevelopment.net	  	

  

					
	        	  		  	 Landlord  DCB      

			
		  	16	  	 Tenant        D.A.    

		  		  	

 24. HAZARDOUS MATERIALS 

(A) Certain Definitions. For purposes of this Lease, “Hazardous Materials” shall include all solid, liquid or gaseous
materials defined or regulated as wastes under any federal statute or regulation or any state or local law, regulation or ordinance and shall further include all other substances defined or regulated as pollutants or as hazardous, toxic, infectious,
or radioactive substances under any Environmental Law. “ Environmental Law” means any federal, state or local statute, law, rule, regulation, ordinance, code, policy or rule of common law now or hereafter in effect and in each case as
amended, and any judicial or administrative interpretation thereof, including any judicial or administrative order, consent decree or judgment, relating to the environment, health, safety or Hazardous Materials, including without limitation, the
Comprehensive Environmental Response, Compensation, and Liability Act of 1980, 42 U.S.C. §§ 9601 et seq.; the Resource Conservation and Recovery Act, 42 U.S.C. §§ 6901 et seq.; the Hazardous Materials Transportation Act, 49
U.S.C. §§ 1801 et seq.; the Clean Water Act, 33 U.S.C. §§ 1251 et seq.; the Toxic Substances Control Act, 15 U.S.C. §§ 2601 et seq.; the Clean Air Act, 42 U.S.C. §§ 7401 et seq.; the Safe Drinking Water Act,
42 U.S.C. §§ 300f et seq.; the Atomic Energy Act, 42 U.S.C. §§ 2011 et seq.; the Federal Insecticide, Fungicide and Rodenticide Act, 7 U.S.(C) §§ 136 et seq.; the Occupational Safety and Health Act, 29 U.S.C.
§§ 651 et seq. “Environmental Claims” means any and all administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, notices of non-compliance or
violation, investigations, proceedings, consent orders or consent agreements relating in any way to any Environmental Law or any Environmental Permit, including without limitation (i) any and all Environmental Claims by governmental or
regulatory authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable Environmental Law and (ii) any and all Environmental Claims by any third party seeking damages, contribution,
indemnification, cost recovery, compensation or injunctive relief resulting from Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the environment. “Environmental Permits” means all permits,
approvals, identification numbers, licenses and other authorizations required under any applicable Environmental Law. 
 (B) Hazardous
Materials Activities. Tenant shall not cause or permit any Hazardous Materials to be used, generated, stored or disposed of on, under or about, or transported to or from the Premises, Building or Land (collectively, “Hazardous Materials
Activities”) except for limited quantities used or stored at the Premises and required in connection with the routine operation and maintenance of the Premises, and then only in compliance with all applicable Environmental Laws and
Environmental Permits, which compliance shall be at Tenant’s sole cost and expense. Additionally, Tenant shall not cause or permit any Hazardous Materials to be disposed of on, under or about the Premises, without the express prior written
consent of Landlord, which may be withheld for any reason and may be revoked at any time. If any lender or governmental agency shall ever require testing to ascertain whether or not there has been any release of Hazardous Materials in, on, or about
the Premises, as a result of any evidence reasonably indicating such release during the Term hereof resulting from the acts or omissions of Tenants, its employees, agents or contractors, then the reasonable costs thereof, together with interest
thereon at the Default Rate from the date of such demand until fully paid, shall be reimbursed by Tenant to Landlord, upon demand, as Additional Rent if such requirement applies to Tenant’s use and occupancy of the Premises. 

(C) Duty to Notify Landlord. Tenant will immediately advise Landlord in writing of any of the following: (i) any pending or
threatened Environmental Claim against Tenant relating to the Property; (ii) any condition or occurrence on the Property that (a) results in noncompliance by Tenant with any applicable Environmental Law, or (b) could reasonably be
anticipated to form the basis of an Environmental Claim against Tenant or Landlord or the Property; (iii) any condition or occurrence on the Premises or any property adjoining the Premises that could reasonably be anticipated to cause the
Premises to be subject to any restrictions on the ownership, occupancy, use or transferability of the Premises under any Environmental Law; and (iv) the actual or anticipated taking of any removal or remedial action by Tenant in response to the
actual or alleged presence of any Hazardous Material on the Property. All such notices shall describe in reasonable detail the nature of the claim, investigation, condition, occurrence or removal or remedial action and Tenant’ s response
thereto. In addition, Tenant will provide Landlord with copies of all communications regarding the Premises with any governmental agency relating to Environmental Laws, all such communications with any person relating to Environmental Claims, and
such detailed reports of any such Environmental Claim as may reasonably be requested by Landlord. 
 (D) Liability and Indemnity.
Landlord shall not be liable to Tenant or to any other party for any Hazardous Materials Activities conducted or permitted on, under or about the Premises, Building or Land by Tenant or by Tenant’s employees, agents, contractors, licensees or
invitees, and Tenant shall indemnify, defend and hold 

  

					
	        	  		  	 Landlord  DCB      

			
		  	17	  	 Tenant        D.A.    

		  		  	

 
Landlord harmless from any claims, damages, fines, penalties, losses, judgments, costs and liabilities arising out of or related to (i) any Hazardous Materials Activities conducted or
permitted on, under or about the Premises, Building or Land by Tenant or by Tenant’s employees, agents, contractors, Licensees or invitees, regardless of whether Landlord shall have consented to, approved of, participated in or had notice of
such Hazardous Materials Activities or (ii) any Environmental Claim relating in any way to Tenant’s operation or use of the Premises. The provisions of this Section 24 shall survive the expiration or termination of this Lease. 

(E) End of Term. On or prior to the Expiration Date or earlier termination of this Lease, Tenant shall remove from the Premises, at
Tenant’s sole expense, all Hazardous Materials located, stored and disposed of on, under or about the Premises. Tenant shall close, remove or otherwise render safe any Buildings, tanks, containers or other facilities related to the Hazardous
Materials Activities conducted or permitted on the Premises in the manner required by all applicable laws, regulations, ordinances or orders. The covenants set forth in this Section 24 shall survive expiration or earlier termination of this
lease. 
 (F) No Change of Use. Tenant will not change, or permit to be changed, the use of the Premises permitted under
Section 4 hereof unless Tenant shall have notified Landlord thereof in writing and Landlord shall have determined, in its sole and absolute discretion, that such change will not result in the presence of Hazardous Materials on the Premises
except for those described in Section 24(B) above. 
 (G) Existing Hazardous Materials. Tenant’s indemnification of
Landlord under this Section 24 shall not be applicable to any Hazardous Materials that were located at the Premises or the Property on the Commencement Date, nor any Hazardous Materials placed on the Premises or Property by Landlord, its
employees, agents, or contractors. 
 25. INSOLVENCY OR BANKRUPTCY. 

The appointment of a receiver to take possession of all or substantially all of the assets of Tenant, or an assignment of Tenant for the
benefit of creditors, or any action taken or suffered by Tenant under any insolvency, bankruptcy, or reorganization act, shall at Landlord’s option constitute an Event of Default hereunder. Upon the happening of any such event or at any time
thereafter, this Lease shall terminate five (5) days after written notice of termination from Landlord to Tenant. In no event shall this Lease be assigned or assignable by operation of law or by voluntary or involuntary bankruptcy proceedings
or otherwise and in no event shall this Lease or any rights or privileges hereunder be an asset of Tenant under any bankruptcy, insolvency, or reorganization proceedings. 

26. LANDLORD’S LIABILITY. 

All obligations of Landlord hereunder shall be construed as covenants, not conditions; and Tenant may not terminate this Lease or withhold
payment of Rent for breach of Landlord’s obligations hereunder. Tenant hereby waives the benefit of any laws granting it the right to perform Landlord’s obligations or the right to terminate this Lease or withhold rent on account of any
Landlord default. All obligations of Landlord under this Lease will be binding upon Landlord only during the period of its ownership of the Premises and not thereafter. The term “Landlord” as used in this Lease shall mean only the owner,
for the time being of the Premises, and in the event of the transfer by such owner of its interest in the Premises, such owner shall thereupon be released and discharged from all obligations of Landlord thereafter accruing, but such obligations
shall be binding during the Term of this Lease upon each new owner for the duration of such owner’s ownership. The liability of Landlord (and its partners, shareholders or members) to Tenant (or any person or entity claiming by, through or
under Tenant) for any default by Landlord under the terms of this Lease or any matter relating to or arising out of the occupancy or use of the Premises and/or other areas of the Building or Property shall be limited to Tenant’s actual direct,
but not consequential, damages therefor. In no event shall Landlord’s liability for any breach of this Lease exceed the amount of rental then remaining unpaid for the then current Term (exclusive of any renewal periods which have not then
actually commenced). This provision is not intended to be a measure or agreed amount of Landlord’s liability with respect to any particular breach, and shall not be utilized by any court or otherwise for the purpose of determining any liability
of Landlord hereunder, except only as a maximum amount not to be exceeded in any event. Furthermore, any liability of Landlord hereunder shall be enforceable only out of the Building and in no event out of the separate assets of any constituent
partner of Landlord. Neither Landlord nor any of its respective officers, directors, employees, heirs, successors, or assigns, shall 

  

					
	        	  		  	 Landlord  DCB      

			
		  	18	  	 Tenant        D.A.    

		  		  	

 
have any personal liability of any kind or nature, directly or indirectly, under or in connection with this Lease. No holder or beneficiary of any mortgage or deed of trust on any part of the
Property shall have any liability to Tenant hereunder for any default of Landlord. 
 27. SURRENDER OF PREMISES UPON EXPIRATION OR
TERMINATION 
 Tenant shall give written notice to Landlord at least thirty (30) days prior to vacating the Premises upon the
natural expiration of this Lease (or at such earlier time as may be expressly permitted hereunder) and shall arrange to meet with Landlord for a joint inspection of the Premises prior to vacating. In the event of Tenant’s failure to give such
notice or arrange such joint inspection, Landlord’s inspection at or after Tenant’s vacating the Premises shall be conclusively deemed correct for purposes of determining Tenant’s responsibility for repairs and restoration. After such
inspection, Landlord shall provide Tenant with written notice of all repairs or other actions required by Tenant to put the Premises, including without limitation all heating and air conditioning systems and equipment therein, in good condition and
repair. Tenant shall complete such repairs and other obligations no later than the Expiration Date, or the date otherwise set for the termination of Tenant’s occupancy pursuant to the provisions of this Lease, as applicable. In the event that
Tenant fails to complete any such repairs or obligations by such date (such time period not being subject to any notice and cure provisions under this Lease), Landlord may at its option make such repairs or perform such obligations without any
liability to Tenant (including, but not limited to, any consequential loss or damage suffered by Tenant as a result of such performance). Tenant shall be liable to Landlord for the cost of such repairs. Any Security Deposit held by Landlord shall be
credited against the amount payable by Tenant under this Lease. Tenant shall pay to Landlord, upon demand, the total amount of all such costs in excess of any Security Deposit held by Landlord plus interest thereon at the Default Rate, such interest
to accrue continuously from the date of payment by Landlord until repayment by Tenant. Notwithstanding anything herein to the contrary, the provisions of this Section 27 shall expressly survive the expiration or termination of this Lease. 

28. MISCELLANEOUS. 

(A) Interpretation. Words of any gender used in this Lease shall be held and construed to include any other gender, and words in the
singular number shall be held to include the plural, unless the context otherwise requires. 
 (B) Brokers. Landlord and Tenant
represent and warrant that no broker or agent negotiated or was instrumental in negotiating or consummating this Lease except the Brokers. Neither party knows of any other real estate broker or agent who is or might be entitled to a commission or
compensation in connection with this Lease. Landlord will pay all fees, commissions or other compensation payable to the Brokers to be paid by Landlord according to Section 1(I). Tenant and Landlord will indemnify and hold each other harmless
from all damages paid or incurred by the other resulting from any claims asserted against either party by brokers or agents claiming through the other party. 

(C) Successors and Assigns. Subject to the provisions of Section 12 hereof, the terms, provisions and covenants and conditions
contained in this Lease shall apply to, inure to the benefit of, and be binding upon the parties hereto and upon their respective heirs, legal representatives, successors and permitted assigns, except as otherwise herein expressly provided. Landlord
shall have the right to assign any of its rights and obligations under this Lease. Each party agrees to furnish to the other, promptly upon demand, a corporate resolution, proof of due authorization by partners, or other appropriate documentation
evidencing the due authorization of such party to enter into this Lease. 
 (D) Captions. The captions inserted in this Lease are for
convenience only and in no way define, limit or otherwise describe the scope or intent of this Lease, or any provision hereof, or in any way affect the interpretation of this Lease. 

(E) Estoppel. Tenant agrees from time to time within ten (10) days after request of Landlord, to deliver to Landlord, or
Landlord’s designee a certificate of occupancy (if applicable) and an estoppel certificate stating that this Lease is in full force and effect, the date to which Rent has been paid, the unexpired Term of this Lease and such other matters
pertaining to this Lease as may be requested by Landlord. It is understood and agreed that Tenant’s obligation to furnish such estoppel certificates within such ten (10) day period is a material inducement for Landlord’s execution of this
Lease. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	19	  	 Tenant        D.A.    

		  		  	

 (F) Entire Agreement; Amendment. This Lease constitutes the complete and entire
agreement of Landlord and Tenant with respect to the subject matter hereof. No representations, inducements, promises or agreements, oral or written, have been made by Landlord or Tenant, or anyone acting on behalf of Landlord or Tenant, which are
not contained herein, and any prior agreements, promises, negotiations, or representations are superseded by this Lease. This Lease may not be altered, changed or amended except by an instrument in writing signed by both parties hereto. All exhibits
attached hereto are hereby incorporated into this Lease and made a part hereof. In the event of any conflict between such exhibits (other than the rules and regulations) and the terms of this Lease, such exhibits shall control. In the event of a
conflict between the rules and regulations attached hereto and the terms of this Lease, the terms of this Lease shall control. 
 (G)
Survival. All obligations of Tenant hereunder not fully performed as of the Expiration Date or earlier termination of the Term of this Lease shall survive the expiration or earlier termination of the Term hereof, including without limitation all
payment obligations with respect to Taxes and insurance costs and all obligations concerning the condition of the Premises and all other Additional Rent. 

(H) Partial Invalidity. If any clause or provision of this Lease is illegal, invalid or unenforceable under present or future laws
effective during the Term of this Lease, then and in that event, it is the intention of the parties hereto that the remainder of this Lease shall not be affected thereby, and it is also the intention of the parties to this Lease that in lieu of each
clause or provision of this Lease that is illegal, invalid or unenforceable, there be added as a part of this Lease contract a clause or provision as similar in terms to such illegal, invalid or unenforceable clause or provision as may be possible
and be legal, valid and enforceable. 
 (I) Offer Subject to Revocation. Because the Premises are on the open market and are
presently being shown, this Lease shall be treated as an offer with the Premises being subject to prior lease and such offers subject to revocation or non-acceptance by Landlord or to other use of the Premises
without notice, and this Lease shall not be valid or binding unless and until fully executed by Landlord and Tenant. 
 (J) Time of the
Essence. Time is of the essence of this Lease and all of its provisions. This Lease in all respects shall be governed by the laws of the State in which the Premises are located. 

(K) Window Treatments. Tenant shall not be permitted to install drapes, curtains, blinds or any window treatment without
Landlord’s prior written approval. 
 (L) Obligations to Landlord and Others. The duties and obligations of Tenant shall run and
extend not only to the benefit of Landlord, as named herein, but to the benefit of either of the following, at such party’s option: (i) any person by, through or under which Landlord derives the right to lease the Premises; and
(ii) holders of mortgage or rent assignment interests in the Premises, as their respective interests may appear; provided, however, nothing contained herein shall be construed to obligate Tenant to pay Rent to any person other than Landlord
until such time as Tenant has been given written notice of either an exercise of a rent assignment or the succession of some other party to the interests of Landlord. 

(M) No Waiver. If either Landlord or Tenant waives the performance of any term, covenant or condition contained in this Lease, such
waiver shall not be deemed to be a waiver of any subsequent breach or nonperformance of the same or any other term, covenant or condition contained herein. Furthermore, the acceptance of rent by Landlord shall not constitute a waiver of any
preceding breach by Tenant of any term, covenant or condition of this Lease, regardless of Landlord’s knowledge of such preceding breach at the time Landlord accepted such rent. Failure by Landlord to enforce any of the terms, covenants or
conditions of this Lease for any length of time shall not be deemed to waive or to decrease the right of Landlord to insist thereafter upon strict performance by Tenant. Waiver by Landlord of any term, covenant or condition contained in this Lease
may only be made by a written document signed by Landlord. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	20	  	 Tenant        D.A.    

		  		  	

 (N) Interest. Except as otherwise expressly provided herein, any sum accruing to
Landlord under the provisions of this Lease which shall not be paid when due shall bear interest, commencing on the fifth (5th) day after the date that such amount is was due, at the rate equal to the lesser of (i) twenty (20%) percent, and
(ii) the maximum amount permitted by law (the “Default Rate”). 
 (O) Counterparts; Facsimile Signatures. This Lease
may be executed in counterparts, each of which will constitute an original, but all of which, when taken together, will constitute but one agreement. Executed copies hereof may be delivered by telecopier, email or other electronic means and upon
receipt will be deemed originals and binding upon the parties hereto, regardless of whether originals are delivered thereafter. 
 (P)
Business Day. As used herein, the term “business day” shall mean all days, excluding Saturdays, Sundays and all days observed by either the State in which the Premises are located or the United States government as legal holidays. In
the event that any date for performance falls on a day other than a business day, then performance shall be postponed until the next business day. 

(Q) Financial Statements. Landlord may request financial statements from Tenant if Tenant is in default or if Landlord is selling or
refinancing property. Tenant agrees within five (5) days after request of Landlord, to deliver to Landlord its most recent financial statements, which includes Tenant’s income statement and balance sheet. 

(R) Calculation of Charges. Landlord and Tenant agree that each provision of this Lease for determining charges, amounts and additional
rent payments by Tenant (including without limitation, Section 3 of this Lease) is commercially reasonable. 
 (S) Waiver of Jury
Trial. TENANT AND LANDLORD WAIVE ANY RIGHT TO TRIAL BY JURY OR TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, BETWEEN LANDLORD AND TENANT ARISING OUT OF THIS LEASE OR ANY OTHER INSTRUMENT,
DOCUMENT, OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED HERETO. 
 (T) Security Services.
Tenant acknowledges and agrees that, while Landlord may (but shall not be obligated to) patrol the project of which the Premises is a part, Landlord is not providing any security services with respect to the Premises and that Landlord shall not be
liable to Tenant for, and Tenant waives any claim against Landlord with respect to, any loss by theft or any other damage suffered or incurred by Tenant in connection with any unauthorized entry into the Premises or any other breach of security with
respect to the Premises. 
 (U) No Recording. Neither this Lease nor a memorandum of lease shall be filed by or on behalf of Tenant
in any public record. Landlord may prepare and file, and upon request by Landlord, Tenant will execute a memorandum of lease. 
 (V)
Construction of Lease. Each party acknowledges that it has had the opportunity to consult counsel with respect to this Lease, and therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the
drafting party shall not be employed in the interpretation of this Lease or any exhibits or amendments hereto. 
 (W) Patriot Act
Compliance. 
 (i) No action, proceeding, investigation, charge, claim, report or notice has been filed, commenced, or
threatened against Tenant or any of its Affiliates (as herein defined) alleging any violation of any laws relating to terrorism or money laundering including, without limitation, Executive Order No. 13224 on Terrorist Financing (effective
September 24, 2001) (“Executive Order”) and the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107 56) (“Patriot Act”). To Tenant’s
knowledge, neither Tenant nor any of its Affiliates is in violation of taking any action which could reasonably be expected to result in any action, proceeding, investigation, charge, claim, report or notice being filed, commenced, or threatened
against Tenant or any of 

  

					
	        	  		  	 Landlord  DCB      

			
		  	21	  	 Tenant        D.A.    

		  		  	

 
its Affiliates alleging any violation of, or failure to comply with, the Executive Order or the Patriot Act. For the purposes of this Section 15.16, the term “Affiliates” shall mean all
affiliated and related entities of Tenant, as well as all officers, directors, managers, shareholders, partners, members or other parties having an interest in Tenant or its affiliated or related entities (except that if the company is publicly
traded on a nationally recognized stock exchange, then shareholders, partners and lenders with less than a twenty-five percent (25%) ownership interest shall be excluded). 

(ii) Neither Tenant nor its Affiliates is a “Prohibited Person,” which is defined as follows: (i) a person or
entity that is listed in the Annex to, or is otherwise subject to the provisions of the Executive Order and relating to blocking property and prohibiting transactions with persons who commit, threaten to commit, or support terrorism; (ii) a
person or entity owned or controlled by, or acting for or on behalf of, any person or entity that is listed in the Annex to, or is otherwise subject to the provisions of, the Executive Order; (iii) a person or entity with whom Landlord is
prohibited from dealing or otherwise engaging in any transaction by any terrorism or money laundering law, including the Executive Order and the Patriot Act; (iv) a person or entity who commits, threatens, or conspires to commit or supports
“terrorism” as defined in the Executive Order; (v) a person or entity that is named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign
Assets Control at its official website, http://www.treas.gov/ofac/tllsdn.pdf, or at any replacement website or other replacement official publication of such list; and (vi) a person or entity who is affiliated with a person or entity listed
above. 
 (iii) Neither Tenant nor any of its Affiliates is or will, knowingly (i) conduct any business or engage in any
transaction or dealing with any Prohibited Person, including the making or receiving any contribution of funds, goods, or services to or for the benefit of any Prohibited Person; (ii) deal in, or otherwise engage in any transaction relating to,
any property or interests in property blocked pursuant to any terrorism or money laundering law, including the Executive Order and the Patriot Act; or (iii) engage in or conspire to engage in any transaction that evades or avoids, or has the
purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any terrorism or money laundering law, including the Executive Order and the Patriot Act. 

(iv) In connection with any changes of direct or indirect ownership of Tenant or any of its Affiliates requiring notice to
Landlord or requiring Landlord’s consent under this Lease, Tenant shall give written notice to Landlord (i) advising Landlord, in reasonable detail, as to the proposed ownership change, and (ii) reaffirming that the representations
and warranties set forth in this Section will remain true and correct. Tenant agrees to promptly deliver to Landlord (but in any event within ten (10) days following Landlord’s written request) any certification or other evidence requested
from time to time by Landlord in its reasonable discretion, confirming Tenant’s and any of its Affiliates’ compliance with the foregoing terms and conditions. 

(X) Relationship. Nothing contained herein shall be deemed or construed as creating the relationship of principal and agent or of
partnership, or of joint venture by the parties hereto, it being understood and agreed that no provision contained in this Lease nor any acts of the parties hereto shall be deemed to create any relationship other than the relationship of landlord
and tenant. 
 (Y) Confidentiality. The terms and conditions of this Lease constitute proprietary information of Landlord that Tenant
covenants and agrees to keep such terms and conditions strictly confidential. Tenant acknowledges that the disclosure of such information would adversely affect Landlord’s ability to negotiate other leases and impair Landlord’s
relationship with other tenants. Tenant covenants and agrees that neither Tenant nor its employees or agents will directly or indirectly disclose the Rent, financial terms or other terms and conditions of this Lease to any other tenant or
prospective tenant of Landlord or any landlord related to Landlord, or to any other person or entity, other than Tenant’s employees and agents who have a legitimate need to know such information (and who Tenant will also require to keep the
same in confidence). 

  

					
	        	  		  	 Landlord  DCB      

			
		  	22	  	 Tenant        D.A.    

		  		  	

 29. GUARANTY. 

It shall be a condition precedent to the effectiveness of this Lease that Wall Box Chargers, S.L. (“Guarantor’) execute and
deliver to Landlord that certain Guaranty Agreement (“Guaranty”) dated as of the Lease Date, which Guaranty shall be in form attached hereto as Exhibit H. 

[Remainder of page intentionally left blank] 

  

					
	        	  		  	 Landlord  DCB      

			
		  	23	  	 Tenant        D.A.    

		  		  	

 IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Lease. 

EXECUTED BY LANDLORD this 24th day of September, 2021. 

 

			
	LANDLORD
	
	FORUM DRIVE INDUSTRIAL PROPERTIES, LLC,
	
	a South Carolina limited liability company
		
	By:	 	Johnson Development Associates, Inc.,
		 	its Manager

 
					
			
	      	 	By:	 	 

  

		 	Name:	 	 Dan C. Breeden Jr

		 	Title:	 	 Secretary IT Assistance

					
			
	      	 	Lease Date:	 	 September 24, 2021

 EXECUTED BY TENANT this 24 day of September, 2021. 

 

			
	TENANT:
	 WALLBOX USA INC.,
 a Delaware
corporation

 
					
			
	        By:	 	

	 	[SEAL]

 
			
	        Name:	 	  Douglas Alfaro

 
			
	        Its:	 	  Vice President

  

					
	        	  		  	 Landlord  DCB      

			
		  	24	  	 Tenant        D.A.    

		  		  	

 EXHIBIT A 

THE LAND 
 BEING Lot BR1, Tract VI of
FORUM 303 ADDITION, an Addition to the City of Arlington, Texas, according to the Plat thereof recorded in cc# D220250845, Real Property Records, Tarrant County, Texas. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	25	  	 Tenant        D.A.    

		  		  	

 EXHIBIT B 

THE PREMISES 
  

 
 

 

  

					
	        	  		  	 Landlord  DCB      

			
		  	26	  	 Tenant        D.A.    

		  		  	

 EXHIBIT C 

LANDLORD’S WORK LETTER 

(A) The “Commencement Date” will occur on January 1, 2022. 

(B) Landlord’s Work means the construction and installation of the following items: 

      - 2,504 s.f. of spec office constructed to Building standard 

      20’ FC LED spec lighting (open floor plan) 

(a) Landlord shall provide Tenant with an allowance in an amount up to $433,657.75 or $3.35 per square foot of the Building (the “Tenant
Improvement Allowance”) towards the hard and soft costs of improvements to be constructed in the Premises by Tenant (collectively, the “Tenant Improvements”). Tenant acknowledges and agrees that, except as otherwise set forth in the
Lease, Landlord has no obligation whatsoever to make any improvements to the Premises, it being the understanding of the parties that, subject to Section 2(B) and Exhibit C of this Lease, Tenant accepts the Premises in its current “AS
IS” condition and that Tenant shall be solely obligated, at Tenant’s sole cost and expense (subject to the application of the Tenant Improvement Allowance), to make any improvements necessary for Tenant’s business operations in the
Premises and to obtain any and all Permits required for Tenant’s construction of the Tenant Improvements and Tenant’s occupancy of the Premises. The Tenant Improvements shall be constructed by Tenant and Tenant’s agents in a good and
workmanlike manner, using new or like-new materials, and in accordance with all applicable Laws. The Tenant Improvements shall conform with a space plan, specifications and construction drawings (the
“Plans”) reasonably approved in writing in advance by Landlord and shall be performed in accordance with Landlord’s reasonable construction rules and regulations. All of Tenant’s contractors and subcontractors working in
connection with the Tenant Improvements shall be subject to Landlord’s approval, such approval not to be unreasonably withheld, delayed, conditioned or denied. All of Tenant’ s contractors and subcontractors shall carry insurance in types
and in amounts reasonably required by Landlord, naming Landlord as an additional insured. Subject to the foregoing, Landlord shall disburse the Tenant Improvement Allowance to Tenant in installments (no more frequently than once per month) within
thirty (30) days after Landlord’s receipt of written request therefor after the portion of the Tenant Improvements for which Tenant is seeking reimbursement has been completed, together with the following: (i) the appropriate AIA
application for payment signed by Tenant’s general contractor and architect and notarized certifying the completion of such portion of the Tenant Improvements, (ii) copies of all required current Permits for the Tenant Improvements not
previously provided to Landlord, (iii) paid invoices, and (iv) lien waivers from contractors, subcontractors and vendors for completed work provided on a thirty (30) day trailing basis, with conditional lien waivers for the portion of
the Tenant Improvement Allowance then being funded by Landlord and unconditional waivers for any portion of the Tenant Improvement Allowance previously funded by Landlord and any portion of the Tenant Improvement costs previously required to be paid
by Tenant being submitted with the current request. Such disbursements shall be in the amounts so requested by Tenant (subject to, and in accordance with, the terms and conditions of this Exhibit C), less a ten percent (10%) retention (the aggregate
amount of such retentions to be known as the “Final Retention”), but shall in no event exceed the remaining, undisbursed amount of the Tenant Improvement Allowance (not including the Final Retention). Upon completion of the Tenant
Improvements, and prior to disbursement of the Final Retention, Tenant shall furnish Landlord with final and unconditional lien waivers from contractors, subcontractors and vendors, in addition to any other documentation required for such
disbursement as set forth above. Tenant shall pay all costs of the Tenant Improvements in excess of the Tenant Improvement Allowance. Landlord shall at all times act reasonably and in good faith when considering and reviewing space plans,
specifications, and construction drawings pursuant to this Exhibit C and shall provide responses to Tenant within seven (7) business days after receiving a request. If Landlord fails to consent or otherwise respond to a request for review and
consent within seven (7) business days after receiving the request, then Tenant may send Landlord an additional copy of the notice stating “FAILURE TO RESPOND WITHIN 3 BUSINESS DAYS WILL CONSTITUTE DEEMED APPROVAL,” and, if
Landlord does not respond within three (3) business days, the request will be such request shall be deemed approved. 
 (b) From and
after the Commencement Date, Tenant shall have access to the Premises in order to commence installing its furniture, fixtures and equipment, and to commence construction of the Tenant Improvements (subject to this Exhibit C); provided however, all
provisions of this Lease shall then be in full force and effect 

  

					
	        	  		  	 Landlord  DCB      

			
		  	27	  	 Tenant        D.A.    

		  		  	

 
(including Tenant’s obligation to pay Rent, which shall commence on the Commencement Date. Tenant shall also be entitled to access the Premises after the Lease Date and prior to the
Commencement Date in order to install Tenant Improvements and Tenant’s Work, but only to the extent that such activity (i) will not unreasonably interfere Landlord’s performance of the Landlord’s Work and (ii) is permitted
by any and all applicable permits required in connection with such Tenant Improvements and that such activity proceeds without interfering with Landlord’s agents, contractors, subcontractors, and their respective employees, or Landlord’s
substantial completion of the Landlord’s Work in any material respect. 
 (c) Intentionally deleted. 

(d) Mechanic’s Liens. In the event that any mechanic’s lien is recorded against the Building or the Premises or any stop
notices are served on Landlord during the course of the Tenant Work, then Landlord shall have the right to withhold from the Tenant Improvement Allowance a sum equal to one hundred fifty percent (150%) of the disputed amount. Landlord shall have the
right to make payment of the disputed sum directly to the claimant to cause the release of any mechanic’s lien that has been filed against the Building or the Premises or to cause the release of any stop notice served on Landlord where said
lien has not been removed by the recordation of either a release of mechanic’s lien or a statutory lien release bond issued by a corporate surety reasonably acceptable to Landlord within ten (10) business days following the date Tenant receives
notice of filing of the mechanic’s lien or Landlord’s receipt of the stop notice. 
 (e) Construction of Tenant Work.
Following Landlord’s final approval of the Tenant Plans and Tenant obtaining building and other governmentally required permits, Tenant shall commence and diligently proceed with the construction of the Tenant Work. 

IN ADDITION TO TENANT’S INDEMNITY OBLIGATIONS UNDER THE LEASE, TENANT HEREBY AGREES TO INDEMNIFY LANDLORD AND HOLD LANDLORD HARMLESS FROM ANY AND ALL
CLAIMS FOR PERSONAL OR BODILY INJURY AND PROPERTY DAMAGE THAT MAY ARISE FROM THE PERFORMANCE OF THE TENANT WORK, TO THE EXTENT RESULTING FROM THE NEGLIGENCE OR WILLFUL MISCONDUCT OF ITS GENERAL CONTRACTORS, SUBCONTRACTORS OR OTHERWISE. 

Notwithstanding the foregoing, Tenant shall not commence the Tenant Work until the following is provided: 

(1) Insurance. Prior to construction, Tenant shall provide Landlord with an original certificate of All-Risk Builder’s Risk
Insurance (the “Builder’s Risk Insurance Policy”), subject to Landlord’s reasonable approval, in the minimum amount of the replacement cost of the Tenant Work issued by a company or companies acceptable to Landlord and
authorized to do business in Mississippi, covering the Premises, with premiums prepaid, and which names the Landlord as loss payee. Said policy shall insure the Tenant Work and all materials and supplies for the Tenant Work stored on the Premises
(or at any other sites) against loss or damage by fire and the risks and hazards insured against by the standard form of extended coverage, and against vandalism and malicious mischief, and such other risks and hazards as Landlord may reasonably
request. Said insurance coverage shall be for 100% of replacement cost, including architectural fees. The Builder’s Risk Insurance Policy shall contain a provision that the insurance company waive the rights of recovery or subrogation against
Landlord and Landlord’s agents and their insurers. 
 (2) Governmental Permits. Building permits and other appropriate permits
and licenses from the appropriate agency or office of any governmental or regulatory body having jurisdiction over the Premises and which are required for the construction of the Tenant Work. 

(3) Additional Insurance. Additional insurance in the form of and meeting the requirements of the Lease. 

(4) Accepted Contract and Bid. Tenant shall provide Landlord with a copy of the contract entered into with the general contractor, which
shall include a Construction Schedule and the names of all subcontractors, materialmen and suppliers. Tenant shall further provide Landlord with a copy of the contract (which may be in the form of a purchase order or work authorization) for any
design professionals and other vendors involved in the execution of the Tenant Work. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	28	  	 Tenant        D.A.    

		  		  	

 (f) Removal of Tenant Improvements. Portions of the Tenant Work, as reasonably
determined by Landlord to be specialized Tenant Work (e.g., floor and ceiling mounted auxiliary air conditioning units, non-building standard fire suppression/control systems, and cabling) shall, at the
election of Landlord, either be removed by Tenant at its expense before the expiration of the Term or shall remain upon the Premises and be surrendered therewith at the Expiration Date or earlier termination of this Lease as the property of Landlord
without disturbance, molestation or injury. If Landlord requires the removal of all or part of said Tenant Work, Tenant, at its expense, shall repair any damage to the Premises or the Building caused by such removal and restore the Premises to its
condition prior to the installation of such Tenant Work. If Tenant fails to remove said Tenant Work upon Landlord’s request, then Landlord may (but shall not be obligated to) remove the same and the cost of such removal, repair and restoration,
together with any and all damages which Landlord may suffer and sustain by reason of the failure of Tenant to remove the same, shall be charged to Tenant and paid upon demand. 

(g) Completion of Tenant Work. Tenant shall notify Landlord in writing when the Tenant Work has been substantially completed. Landlord
shall thereupon have the opportunity to inspect the Tenant Work in order to determine if the Tenant Work has been substantially completed in accordance with the Tenant Plans. If the Tenant Work has not been substantially completed in accordance with
the Tenant Plans, Landlord shall immediately following inspection, provide Tenant with written notification of the items deemed incorrect or incomplete (“Punch-List”). Tenant agrees to correct and complete any such items outlined in
the Punch-List as soon as practicable. Notwithstanding anything to the contrary, the Tenant Work shall not be considered suitable for review by Landlord until all designated or required governmental inspections, permits and certifications necessary
for the Tenant Work, including, but not limited to final inspection by the governing jurisdiction, have been made, given and/or posted. 

(h) Third Party Beneficiary. Tenant agrees and acknowledges that Landlord shall be included as a third party beneficiary under any and
all agreements between Tenant and its contractors, whereby Landlord may enforce the terms of such agreement(s) in a court of competent jurisdiction. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	29	  	 Tenant        D.A.    

		  		  	

 EXHIBIT D 

INSURANCE REQUIREMENTS 
 1
Landlord’s Insurance. During the Term, Landlord will provide and keep in force the following insurance: 
 (a) commercial general
liability insurance relating to Landlord’s operation of the Building, including coverage for personal and bodily injury and death, and damage to others’ property; 

(b) “special causes of loss” property insurance relating to the Building (but excluding Tenant’s fixtures, furnishings,
equipment, personal property, inventory, stock in trade, documents, files and work products and all leasehold improvements in the Premises that were paid for by Tenant; for purposes of this Section 1(b) and Section 2(d) below, any leasehold
improvements paid for with an allowance provided by Landlord, regardless of whether a portion of the Base Rent is intended to reimburse Landlord for such allowance, will be deemed paid for by Landlord); 

(c) loss of rental income insurance or loss of insurable gross profits commonly insured against by prudent landlords; and 

(d) such other insurance (including boiler and machinery insurance) as Landlord reasonably elects to obtain or any Building mortgagee
requires. 
 Insurance effected by Landlord under this Section 1 will be in amounts which Landlord from time to time reasonably determines sufficient or any
Building mortgagee requires; will be subject to such deductibles and exclusions as Landlord reasonably determines; and will otherwise be on such terms and conditions as Landlord from time to time reasonably determines sufficient. 

2 Tenant’s Insurance. The insurance carried by Tenant or such insurance carried by Tenant’s contractors or subcontractors pursuant to this
Lease will be primary and non contributory insurance over any insurance carried by Landlord. During the Term, Tenant will provide, pay for, and maintain in full force and effect, the insurance outlined herein, covering claims arising out of or in
connection with the use, occupancy or maintenance of the Premises, and all areas appurtenant thereto, by Tenant, its agents, representatives, employees, contractors or subcontractors. 

(a) Commercial General Liability. Tenant will maintain commercial general liability insurance covering liability arising out of the
use, occupancy or maintenance of the Premises on an occurrence basis against claims for bodily injury, property damage and personal injury. Such insurance will provide minimum limits and coverage as follows: 

 

	 	(i)	 Minimum Limits. 

  

	 	(A)	 $1,000,000 Each Occurrence (Combined Single Limit Bodily Injury and Property Damage per location or project, as
applicable). 

  

	 	(B)	 $2,000,000 General Aggregate. 

 

	 	(C)	 $2,000,000 Products / Completed Operations Aggregate. 

 

	 	(D)	 $300,000 Fire Damage. 

 

	 	(ii)	 Coverages. 

  

	 	(A)	 1986 (or current equivalent) ISO Commercial General Liability Form (Occurrence Form) 

 

	 	(B)	 Additional Insured: Landlord, its partners, managers, members, officers and directors, employees, agents,
subsidiaries, affiliates, lender and Landlord’s property manager for the Building (“Property Manager”). 

  

	 	(C)	 Waiver of Subrogation in favor of Landlord and Property Manager. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	30	  	 Tenant        D.A.    

		  		  	

 (b) Automobile Liability. Tenant will maintain business auto liability covering
liability arising out of any auto (including owned, hired and non-owned autos). 
  

	 	(i)	 Minimum Limits. $1,000,000 Combined Single Limit for each accident. 

(c) Workers Compensation. Tenant will maintain workers compensation and employers liability insurance applicable to its operations in
the State of Texas. 
  

	 	(i)	 Minimum Limits. 

  

	 	(A)	 Workers Compensation: Statutory Limits. 

 

	 	(B)	 Employers Liability: 

 

	 	(I)	 Bodily Injury for Each Accident – $500,000. 

 

	 	(II)	 Bodily Injury by Disease for Each Employee – $500,000. 

 

	 	(III)	 Bodily Injury Disease Aggregate – $500,000. 

 

	 	(ii)	 Coverages. Waiver of Subrogation in favor of Landlord and Property Manager. 

(d) Personal Property. Tenant will maintain property insurance covering all personal property and equipment (including, but not limited
to Tenant’s fixtures, furnishings, equipment, personal property, inventory, stock in trade, documents, files and work products and all leasehold improvements not required to be insured by Landlord pursuant to Section 1(b)) in the Premises on a
full replacement cost basis in amounts sufficient to prevent Tenant from becoming a coinsurer and insuring against Special Causes of Loss, including an amount of no less than $1,000 for money and securities (inside and outside of the Premises) and
vandalism and malicious mischief. 
 (e) Umbrella/Excess Liability. Tenant will maintain umbrella/excess liability insurance as shown
below. The insurance will be on an occurrence basis in excess of the underlying insurance described in Sections 2(a), (b) and (c)(i)(B) and will be at least as broad as each and every one of the underlying policies. 

 

	 	(i)	 Minimum Limits. 

  

	 	(A)	 $5,000,000 per Occurrence. 

 

	 	(B)	 $5,000,000 Aggregate. 

(f) Business Income. Tenant will maintain business income and extra expense coverage for no less than six months of income and
expenses, including a waiver of subrogation endorsement in favor of Landlord and Property Manager. 
 (g) Other Insurance Provisions.
Tenant will name, and will cause its contractors to name, Landlord, Property Manager, their Affiliates and their respective partners, managers, members, officers, directors and employees as additional insureds with respect to liability arising out
of Tenant’s or its contractors or subcontractors use, occupancy, or maintenance of the Premises or activities performed thereon, on all liability policies carried by Tenant and/or Tenant’s contractors and subcontractors. All liability
insurance policies carried by Tenant will include provisions for contractual liability coverage. It is expressly understood and agreed that the coverages required represent Landlord’s minimum requirements and such are not to be construed to
void or limit Tenant’s indemnity obligations contained in this Lease. Neither (i) the insolvency, bankruptcy or failure of any insurance company covering Tenant, (ii) the failure of any insurance company to pay claims occurring nor
(iii) any exclusion from or insufficiency of coverage will be held to affect, negate or waive any of Tenant’s indemnity obligations set forth in the Lease. The amount of liability insurance under insurance policies maintained by Tenant
shall not be reduced by the 

  

					
	        	  		  	 Landlord  DCB      

			
		  	31	  	 Tenant        D.A.    

		  		  	

 
existence of insurance coverage under policies separately maintained by Landlord. Tenant shall be solely responsible for any premiums, assessments, penalties, deductible assumptions, retentions,
audits, retrospective adjustments or any other kind of payment due under its policies. Tenant’s occupancy of the Premises without delivering the certificates and/or other evidence of insurance, will not constitute a waiver of Tenant’s
obligations to provide the required coverages. If Tenant provides to Landlord a certificate that does not evidence the coverages required herein, or that is faulty in any respect, Landlord’s acceptance of such certificate will not constitute a
waiver of Tenant’s obligations to provide the proper insurance. 
 (h) Proof of Insurance. Prior to execution of this Lease,
Tenant will furnish Property Manager with certificates of insurance evidencing the coverage outlined above and the Other Insurance Provisions outlined above. Insurance is to be placed with insurers with a Best’s rating of no less than A IX by
carriers authorized to furnish insurance in the State of Texas. No such policy will be cancelable, non renewed or modified except after 30 days’ written notice to Property Manager. Tenant will maintain all of the foregoing insurance coverages
in full force and effect until the expiration or earlier termination of this Lease. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	32	  	 Tenant        D.A.    

		  		  	

 EXHIBIT E 

EXTENSION OPTION 
 (a)
Tenant shall have the right to extend the Term of the Lease with respect to the entire Premises only (the “Extension Option”) for one (1) additional period of five (5) years commencing on the day following the Expiration Date of
the initial Term of the Lease (the “Extension Term”), provided that each of the following occurs: 
  

	 	(i)	 Landlord receives notice of exercise of the Extension Option (the “Extension Notice”) at least six
(6), but no more than nine (9), full calendar months prior to the expiration of the initial Term; and 

  

	 	(ii)	 Tenant is not in default under the Lease beyond any applicable cure periods at the time that Tenant delivers
its Extension Notice or at the time Tenant delivers its Binding Extension Notice (hereinafter defined); 

  

	 	(iii)	 No part of the Premises is sublet at the time that Tenant delivers its Extension Notice or at the time Tenant
delivers its Binding Extension Notice; and 

  

	 	(iv)	 The Lease has not been assigned prior to the date that Tenant delivers its Extension Notice or prior to the
date Tenant delivers its Binding Extension Notice. 

 (b) The Base Rent rate for the Premises during Extension Term shall
equal the Prevailing Market (hereinafter defined) rate for the Premises. 
 (c) Tenant shall pay Additional Rent for the Premises during the
Extension Term in accordance with the terms of the Lease. 
 (d) Within thirty (30) days after receipt of Tenant’s Extension
Notice, Landlord shall advise Tenant of Landlord’s determination of the applicable Base Rent rate for the Premises for the Extension Term. Tenant, within fifteen (15) days after the date on which Landlord advises Tenant of the applicable
Base Rent rate for the Extension Term, shall either (i) give Landlord final binding written notice (“Binding Extension Notice”) of Tenant’s exercise of its option, or (ii) if Tenant disagrees with Landlord’s
determination, provide Landlord with written notice of rejection (the “Rejection Notice”). If Tenant fails to provide Landlord with either a Binding Extension Notice or Rejection Notice within such fifteen (15) day period,
Tenant’s Extension Option shall be null and void and of no further force and effect. If Tenant provides Landlord with a Binding Extension Notice, Landlord and Tenant shall enter into the Extension Amendment (hereinafter defined) upon the terms
and conditions set forth herein. If Tenant provides Landlord with a Rejection Notice, Landlord and Tenant shall work together to agree upon the Prevailing Market rate for the Premises during the Extension Term. Upon agreement Tenant shall provide
Landlord with Binding Extension Notice and Landlord and Tenant shall enter into the Extension Amendment in accordance with the terms and conditions hereof. Notwithstanding the foregoing, if Landlord and Tenant are unable to agree upon the Prevailing
Market rate for the Premises within thirty (30) days after the date on which Tenant provides Landlord with a Rejection Notice, Tenant’s Extension Option shall be null and void and of no force and effect. 

(e) If Tenant is entitled to and properly exercises its Extension Option, Landlord and Tenant shall execute an amendment (the “Extension
Amendment”) to reflect changes in the Base Rent, Term, Expiration Date and other appropriate terms; provided that an otherwise valid exercise of the Extension Option shall be fully effective whether or not the Extension Amendment is executed.

 (f) For purpose hereof, “Prevailing Market” rate shall mean the arm’s length fair market annual rental rate per rentable
square foot under renewal leases and amendments entered into on or about the date on which the Prevailing Market rate is being determined hereunder for space comparable to the Premises within the submarket in which the Premises is included. The
determination of Prevailing Market rate shall take into account any material economic differences between the terms of this Lease and any comparison lease, such as rent abatements, construction costs and other concessions and the manner, if any, in
which the Landlord under any such lease is reimbursed for operating expenses and taxes. 
 (g) The extension rights of Tenant hereunder are
personal to Tenant and shall not be severable from the Lease, nor may such rights be assigned or otherwise conveyed in connection with any permitted assignment or transfer of the Lease. Landlord’s consent to any assignment of the Lease shall
not be construed as allowing an assignment of such rights to any assignee. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	33	  	 Tenant        D.A.    

		  		  	

 EXHIBIT F 

Letter of Credit Terms 

Letter of Credit. As described in Section 1(H) of the Lease, Tenant deliver to Landlord an irrevocable
standby letter of credit (the “Letter of Credit”) in the amount of $1,000,000 as security for the full and faithful performance by Tenant of all the terms, covenants and conditions of this Lease to be kept and performed by Tenant. The
Letter of Credit shall be issued by a financial institution reasonably acceptable to Landlord (the “Bank”), in form reasonably acceptable to Landlord and including all the requirements for such Letter of Credit as set forth in this
Exhibit, naming Landlord as beneficiary, and shall include, without limitation, provisions for (1) drawing on the Letter of Credit upon presentment (without any conditions other than a certification by Landlord that Landlord is entitled to draw
upon the Letter of Credit pursuant to the terms of the Lease) honored upon presentment via SWIFT, e-mail, facsimile or other alternative methods acceptable to Landlord, (2) the right to partial and
multiple draws against such Letter of Credit, and (3) automatic extension of the Letter of Credit unless the Bank notifies Landlord by certified or overnight express mail not less than thirty (30) days prior to the expiration of the Letter
of Credit that the Letter of Credit will not be renewed. The Letter of Credit shall be issued for a term of at least twelve (12) months and shall be renewable for the entire Term of this Lease, including any Option Term, and a period of thirty
(30) days thereafter. For purposes of this Exhibit and the Lease, all effective Letters of Credit delivered to Landlord shall be referred to collectively as the “Letter of Credit.” 

Effect of Default. Upon an Event of Default by Tenant with respect to any provisions of the Lease, including but not
limited to the provisions relating to the payment of Rent and any of the monetary amounts due under the Lease, or if Tenant files a voluntary petition under Title 11 of the U.S. Bankruptcy Code (or an involuntary petition under Title 11 of the U.S.
Bankruptcy Code is filed against Tenant and not dismissed within sixty (60) days of filing) or if Tenant receives notice of non-renewal of the Letter of Credit, then Landlord may (but shall not be
required to) draw upon such Letter of Credit for the payment of any Rent or other sum in default, the payment of any Rent which becomes due and is unpaid following the filing of any such petition under Title 11 of the U.S Bankruptcy Code, the repair
of any damage to the Premises caused by Tenant, Tenant’s agents, employees or contractors, or the payment of any other amount which Landlord may spend or become obligated to spend by reason of Tenant’s Event of Default or to compensate
Landlord for any other loss or damage which Landlord may suffer as a direct result of Tenant’s Event of Default to the full extent permitted by law or to hold such sums as security for Tenant’s obligations under the Lease.. 

Renewals. If Landlord has not received a satisfactory renewal or replacement Letter of Credit at least thirty
(30) days prior to expiration of the Letter of Credit, or if the Bank has failed to confirm in writing that the Letter of Credit has been so extended, or if the Bank no longer meets Landlord’s credit standards and Tenant has not provided a
replacement Letter of Credit from an approved bank, then Landlord may draw upon the Letter of Credit for the full amount thereof and hold the proceeds of the Letter of Credit as a cash security deposit pursuant to the terms of Section 3(B) of
the Lease or Landlord may, at Landlord’s election, convert such cash security deposit into a letter of credit naming Landlord or Landlord’s lender as beneficiary. 

Partial Draws. If any portion of the Letter of Credit is drawn by Landlord for such purposes (such portion, the
“Draw Amount”), Tenant shall, within ten (10) days after written demand therefor, at Tenant’s election, (i) deposit one or more replacement Letters of Credit with Landlord in the aggregate amount then required by the terms hereof
(i.e., $1,000,000), (ii) deliver to Landlord a cash deposit in an amount equal to the Draw Amount, or (iii) deposit one or more replacement Letters of Credit with Landlord and deliver to Landlord a cash deposit in an amount that, when added to
the amount of such replacement Letter(s) of Credit, equals $1,000,000. Tenant’s failure to do so shall be a material breach of the Lease. If Tenant delivers to Landlord a cash deposit in accordance with the foregoing, Landlord shall hold such
cash amount as a cash portion of the Security Deposit pursuant to the terms and conditions of Section 3(B) of the Lease or Landlord may, at Landlord’s election, convert such cash deposit into a letter of credit naming Landlord or
Landlord’s lender as beneficiary. Tenant’s failure to act in accordance with clause (i), (ii) or (iii) above shall be an Event of Default under the Lease without any additional notice and cure period which shall entitle Landlord to
draw upon the Letter of Credit for the full amount thereof and hold the cash proceeds of the Letter of Credit as a cash security deposit pursuant to the terms of Section 3(B) of the Lease or, at Landlord’s election, to convert such cash
deposit to a letter of credit naming Landlord or Landlord’s lender as beneficiary. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	34	  	 Tenant        D.A.    

		  		  	

 Failure to Renew. If at any time during the Term of this Lease, Landlord
receives a notice from the issuer of the Letter(s) of Credit that the Letter(s) of Credit will not be renewed for another twelve (12) months, then unless Tenant replaces the expiring Letter(s) of Credit with one or more new Letters of Credit in
the aggregate amount then required by the terms hereof (i.e., $1,000,000) at least fifteen (15) days prior to the expiration of the then expiring Letter(s) of Credit, Landlord shall have the right to draw upon the expiring Letter(s) of Credit
for the entire amount and to retain such proceeds as a cash Security Deposit until Tenant delivers to Landlord one or more new Letters of Credit collectively satisfying the requirements of this Exhibit or, alternatively, to convert such cash
Security Deposit to a letter of credit naming Landlord or Landlord’s lender as beneficiary. If Tenant delivers one or more new Letters of Credit to Landlord that collectively satisfy the requirements of this Exhibit, then Landlord shall return
the cash Security Deposit to Tenant within thirty (30) days after receipt of such Letter(s) of Credit. If Tenant fully and faithfully performs every provision of this Lease to be performed by it, the Letter(s) of Credit and/or any cash portion
of the Security Deposit then held by Landlord shall be returned to Tenant within thirty (30) days after the later of the expiration of the Term and the date Tenant has vacated the Premises. 

Transfers. The Letter of Credit shall be freely transferable. In the event of termination of Landlord’s interest in this
Lease, Tenant shall either assign and transfer the Letter of Credit to Landlord’s successor in interest or deliver a replacement Letter of Credit in the form and substance of the Letter of Credit. If a replacement Letter of Credit is delivered
to Landlord’s successor in interest, then Landlord shall return the original Letter of Credit to Tenant. In the event Landlord desires to obtain any financing to be secured by the Premises, Tenant shall cooperate with Landlord and
Landlord’s lender to effect an assignment or transfer of the Letter of Credit to Landlord’s lender or an assignment of proceeds of the Letter of Credit to Landlord’s lender and the consent of Bank to such assignment of proceeds. If
the Letter of Credit is assigned to Landlord’s successor in interest or Landlord’s lender, Tenant shall pay any transfer fees charged by the issuer of the Letter of Credit. Upon any transfer or assignment of the Letter of Credit to
Landlord’s successor in interest, Landlord will have no further liability with respect to the Letter of Credit or any proceeds of such Letter of Credit transferred to or held by Landlord’s successor in in interest, including, without
limitation, any liability to return the Letter of Credit or refund draw proceeds. 
 Conversion to Cash Security Deposit. If
Landlord draws on the Letter of Credit for the full amount thereof as permitted herein, the proceeds of the Letter of Credit shall be held by Landlord or Landlord’s successor in interest as a cash Security Deposit pursuant to the terms of
Section 3(B) of the Lease (or at Landlord’s option convert such cash Security Deposit to a letter of credit naming Landlord or Landlord’s lender as beneficiary) until such time as Tenant (i) delivers a Letter of Credit in the
amount then required by the terms of this Exhibit and which satisfies each of requirements of this Exhibit, (ii) delivers to Landlord or Landlord’s successor in interest, as the case may be, a cash deposit in an amount equal to the Draw
Amount, or (iii) deposits a replacement Letter of Credit with Landlord and delivers to Landlord or Landlord’s successor in interest, as the case may be, a cash deposit in an amount that, when added to the amount of the replacement Letter
of Credit, equals $1,000,000. If a replacement Letter of Credit is delivered to Landlord, Landlord’s successor in interest or Landlord’s lender, then Landlord shall return the original Letter of Credit to Tenant. If a replacement Letter of
Credit in the amount then required by the terms of this Exhibit and which satisfies each of requirements of this Exhibit is delivered to Landlord, Landlord’s successor in interest or Landlord’s lender, then Landlord shall return to Tenant
the original Letter of Credit and any cash deposit previously paid by Tenant pursuant to this Exhibit. 
 General Provisions.
Actions by Landlord against Tenant for Tenant’s default shall in no way be limited or restricted by the amount of the Letter of Credit or cash security and resort to such Letter of Credit or cash security shall not be required by Landlord, nor
would such action (if elected by Landlord) waive any other rights or constitute an election of remedies which Landlord may have. If Landlord draws on the Letter of Credit, the funds drawn shall serve as cash security and may be applied to cure any
Event of Default by Tenant under the Lease. Any delays in Landlord’s requesting a Letter of Credit draw from the Bank or in Landlord’s use of the proceeds thereof will not constitute a waiver by Landlord of any rights hereunder with
respect to the Letter of Credit draw proceeds or security deposits. Following any application of Letter of Credit draw proceeds or other security deposit funds to cure Tenant defaults or otherwise pay Landlord amounts due, Tenant will immediately
pay Landlord a cash amount or deliver a new Letter of Credit in accordance with the terms of this Exhibit or Section 3(B) of the Lease. It is expressly agreed that draw proceeds or any other security deposit shall not constitute an advance
rental deposit or a measure of Landlord’s damages in case of Tenant’s default. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	35	  	 Tenant        D.A.    

		  		  	

 Limitation of Liability. Tenant shall not seek to enjoin or otherwise prevent
any draw on the Letter of Credit and acknowledges that Tenant’s sole and exclusive remedy for a wrongful draw shall be, at Tenant’s election, either (i) Tenant’s right to a credit for such wrongful draw amount as substitute cash
security for the Letter of Credit, or (ii) Landlord delivering to Tenant a cash amount equal to the amount of such wrongful draw in exchange for Tenant delivering to Landlord a replacement Letter of Credit in the amount then required by the
terms of this Exhibit, thus causing Tenant no legally cognizable damages; accordingly, under no circumstances will Landlord be liable for any direct, indirect, consequential, special or punitive damages asserted by Tenant or any third party in
connection with a wrongful draw. If there is a wrongful draw, the parties will cooperate to allow Tenant to post a replacement Letter of Credit in exchange for those funds. 

Reduction of Letter of Credit. Provided that no Tenant Event of Default has occurred under the Lease prior to such date or is
occurring as of such date, Landlord shall, at Tenant’s written request made after the conclusion of the eighty-fourth full calendar month of the Term, provide the issuer of the Letter of Credit with Landlord’s consent to an amendment to
the Letter of Credit reducing the maximum dollar amount of the Letter of Credit to $500,000.00. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	36	  	 Tenant        D.A.    

		  		  	

 EXHIBIT G 

FORM OF SNDA 
  

			
	 STATE OF TEXAS
	  	§                    
		  	§                    
	 COUNTY OF TARRANT
	  	§                    

 NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE
FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER. 

SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT 

THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT
(“Agreement”) made effective as of Sept. 24, 2021, by and among FORUM DRIVE INDUSTRIAL PROPERTIES, LLC, a South Carolina limited liability company (“Landlord”), COMMERCE BANK, a Missouri
bank and trust company, in its capacity as Administrative Agent for itself and for each other financial institution from time to time a party to the Loan Agreement (“Lender”), and Wallbox USA Inc, a Delaware Corporation
(“Tenant”). 
 RECITALS: 

A. Tenant has executed that certain lease dated as of Sept. 24, 2021 (“Lease”), with Landlord, as lessor, covering the
premises described in the Lease consisting of approximately 129,450 square feet (“Premises”) in that certain building located at 2240 Forum Drive, Tarrant County, Texas (“Property”), and more
particularly described in Exhibit A attached hereto and made a part hereof by this reference; and 
 B. Lender has made (or
agreed to make) a loan to Landlord evidenced by a Loan Agreement (“Loan Agreement”) and secured by a mortgage or deed of trust encumbering the Property and an assignment of Landlord’s interest in the Lease (said mortgage
or deed of trust and assignment of leases, together with any amendments, renewals, increases, modifications, substitutions or consolidations of either of them, collectively, “Lien Instrument”); and 

C. Tenant and Lender desire to confirm their understanding with respect to the Lease and the Lien Instrument, and to have Landlord confirm its
agreement therewith. 
 NOW, THEREFORE, in consideration of the covenants, terms, conditions, and agreements contained herein, the parties
hereto agree as follows: 
 1. The Lease and any extensions, modifications or renewals thereof, including, but not limited to, any option to
purchase, right of first refusal to purchase or right of first offer to purchase the Property or any portion thereof, if any, is and shall continue to be subject and subordinate in all respects to the lien of the Lien Instrument. 

2. Tenant agrees to deliver to Lender, in the manner set forth in Section 14 hereof, a copy of any notice of default sent
to Landlord by Tenant. If Landlord fails to cure such default within the time provided in the Lease, Lender shall have the right, but not the obligation, to cure such default on behalf of Landlord within thirty (30) calendar days after the time
provided for Landlord to cure such default in the Lease has expired or, if such default cannot be cured within that time, within a reasonable period provided Lender has promptly commenced such cure and is proceeding with due diligence to cure such
default. In such event, then (i) Tenant shall not terminate the Lease while such remedies have been promptly commenced and are being diligently pursued by Lender and (ii) Tenant shall not terminate the Lease on the basis of any default by
Landlord which is incurable by Lender (such as, for example, the bankruptcy of Landlord or breach of any representation by Landlord), provided that Lender is proceeding with due 

  

					
	        	  		  	 Landlord  DCB      

			
		  	37	  	 Tenant        D.A.    

		  		  	

 diligence to commence an action to appoint a receiver or to obtain title to the Property by foreclosure,
deed in lieu of foreclosure, or otherwise (collectively, “Foreclosure”). Tenant hereby agrees that no action taken by Lender to enforce any rights of Lender under the Lien Instrument or related security documents, by reason
of any default thereunder (including, without limitation, the appointment of a receiver, any Foreclosure or any demand for rent under any assignment of rents or leases), but excluding any acts of willful misconduct by Lender, shall give rise to any
right of Tenant to terminate the Lease nor shall such action invalidate or constitute a breach of any of the terms of the Lease. 
 3.
    So long as Tenant is not in default after its receipt of written notice and the expiration of all applicable grace and cure period under the Lease, Lender shall not disturb Tenant’s possession and occupancy of the
Premises during the term of the Lease and Lender shall accept the attornment of Tenant thereafter. 
 4.     If Lender
or its nominee or designee, or another purchaser of the Property upon a Foreclosure (any such person or entity, a “Successor Owner”) succeeds to the interest of Landlord under the Lease, subject to Tenant’s performance
of its obligations under the Lease, the Lease will continue in full force and effect. Thereupon, Successor Owner shall recognize the Lease and Tenant’s rights thereunder and Tenant shall make full and complete attornment to Successor Owner as
substitute landlord upon the same terms, covenants and conditions as provided in the Lease, including, but not limited to, any option to purchase, right of first refusal to purchase or right of first offer to purchase the Property as may be provided
in the Lease. Notwithstanding the foregoing, Tenant agrees that any such option, right of first refusal or right of first offer to purchase the Property or any portion thereof, as may be provided in the Lease shall not apply to any Foreclosure, as
defined herein, and shall not apply to the initial transfer of the Property by Successor Owner following such Foreclosure. In consideration of the foregoing, Lender agrees that any such option, right of first refusal or right of first offer shall
not be terminated by any Foreclosure or conveyance of the Property by Successor Owner following such Foreclosure; rather, any such option, right of first refusal or right of first offer shall remain as an obligation of any party acquiring the
Property following the initial conveyance of the Property by Successor Owner following such Foreclosure. Furthermore, Tenant expressly confirms to Lender that any acquisition of title to all or any portion of the Property pursuant to Tenant’s
exercise of any option, right of first refusal or right of first offer contained in the Lease shall result in Tenant taking title subject to the lien of the Lien Instrument. 

5.     Tenant agrees that, if Successor Owner shall succeed to the interest of Landlord under the Lease, Successor Owner
shall not be: 
  

	 	(a)	 liable for any prior act or omission of Landlord or any prior landlord or consequential damages arising
therefrom except to the extent (1) that liability or damages accrue during a period in which Successor Owner has succeeded to Landlord or (2) such prior act or omission was capable of being cured by Successor Owner and Tenant had
previously given Lender timely written notice thereof and opportunity to cure in the manner provided herein; or 

  

	 	(b)	 subject to any offsets or defenses which Tenant might have as to Landlord or any prior landlord to the extent
Tenant failed to provide Lender timely written notice thereof; or 

  

	 	(c)	 required or obligated to credit Tenant with any rent or additional rent for any rental period beyond the then
current month and the month immediately succeeding the then current month for which tenant has paid Landlord; or 

  

	 	(d)	 bound by any amendments or modifications of the Lease made without Lender’s prior written consent unless
Lender’s consent to such amendment or modification was not required pursuant to the Loan Agreement; 

  

	 	(e)	 liable for refund of all or any part of any security deposit unless such security deposit shall have been
actually received by Lender or Successor Owner; 

  

	 	(f)	 required to make any repairs to the Property or the Premises required as a result of fire, or other casualty or
by reason of condemnation unless the Successor Owner shall be obligated under the Lease, as “landlord”, to make such repairs; 

  

					
	        	  		  	 Landlord  DCB      

			
		  	38	  	 Tenant        D.A.    

		  		  	

	 	(g)	 obligated to complete any construction work required to be done by Landlord pursuant to the provisions of the
Lease or to reimburse Tenant for any construction work done by Tenant, except for repairs, restoration and maintenance to the Property required by the Lease to be performed by Landlord, the need for which continues after the date the Successor Owner
succeeds to Landlord’s interest in the Property; or 

  

	 	(h)	 bound to make any payment to Tenant which was required under the Lease, or otherwise, to be made prior to the
time the Successor Owner succeeded to Landlord’s interest, except to the extent Tenant had previously given Lender or Successor Owner timely written notice thereof. 

6.     Tenant agrees that, without the prior written consent of Lender in each case, Tenant shall not: (a) amend,
modify, terminate or cancel the Lease or any extensions or renewals thereof, or tender a surrender of the Lease (except in each case that, upon a default by Landlord under the Lease, Tenant may exercise its rights under the Lease after giving to
Lender the notice and cure period required by this Agreement), (b) make a prepayment of any rent or additional rent more than one (1) month in advance of the due date thereof or (c) subordinate or permit the subordination of Lease to any
lien subordinate to the Lien Instrument. Any such purported action without such consent shall be void as against the holder of the Lien Instrument. 

7.     To the extent that the Lease shall entitle Tenant to notice of the existence of any Lien Instrument and the
identity of any mortgagee or any ground lessor, this Agreement shall constitute such notice to Tenant with respect to the Lien Instrument and Lender. 

8.     Landlord has been notified and Tenant hereby agrees that prior to becoming the beneficiary of any letter of credit
supporting the Lease, that Landlord and Tenant shall take all actions, and execute all documents, necessary or appropriate to give Lender control (as defined in the uniform commercial code, as enacted by any relevant jurisdiction, including, but not
limited to, such jurisdiction’s version of Section 9-107 thereof) of such letter of credit and all letter of credit rights thereunder and to constitute Lender the transferee beneficiary of such
letter of credit; provided that such letter of credit shall be subject to the terms and conditions of the Lease. 

9.     Upon and after the occurrence of a default under the Lien Instrument, which is not cured after any applicable
notice and/or cure periods, Lender shall be entitled, but not obligated, to provide Tenant written notice from Lender as provided in Section 14 hereof that substantially complies with the requirements of the terms of the Texas
Assignment of Rents Act (Sections 64.001 et. seq. of the Texas Property Code) (“TARA”), to require that Tenant pay to Lender the amount of all prepaid rents made in excess of one month’s rent, all payments of accrued but unpaid rent,
rents as they accrue after the notice is received and other sums that become due under the Lease without deduction or offset directly to Lender or to the person and at the address specified by Lender, notwithstanding any conflicting instructions or
demands by Landlord or any third party. Tenant hereby waives any right to delay payment of rent contemplated by Section 64.055(d) of TARA or numbered paragraph 3 of the statutory form of notice set forth in Section 64.056 of TARA. Tenant
shall be under no obligation to ascertain whether a default by Landlord has occurred under the Lien Instrument. Landlord hereby authorizes and directs Tenant to deliver such payment to Lender upon receipt of such written notice and shall
indemnify and hold Tenant harmless from any loss, cost, expense or claim incurred by Tenant In connection with its compliance with this provision. Landlord waives any right, claim or demand it may now or hereafter have against Tenant by reason
of such direct payment to Lender and agrees that such direct payment to Lender shall discharge all obligations of Tenant to make such payment to Landlord. 

10.     Without limiting any of the foregoing provisions of this Agreement, nothing in this Agreement shall impose upon
Lender any liability for the obligations of Landlord under the Lease unless and until Lender takes title to the Property. Anything herein or in the Lease to the contrary notwithstanding, in the event that a Successor Owner shall acquire title to the
Property or the portion thereof containing the Premises. Successor Owner shall have no obligation, nor incur any liability, beyond Successor Owner’s then interest, if any, in the Property, and Tenant shall look exclusively to such interest, if
any, of Successor Owner in the Property for the payment and discharge of any obligations imposed upon Successor Owner hereunder or under the Lease, and Successor Owner is hereby released or relieved of any other liability hereunder and under the
Lease. Tenant agrees that, with respect to any money judgment which may be obtained or secured by Tenant against Successor Owner, Tenant shall look solely to the estate or interest owned by Successor Owner in the Property, and Tenant will not
collect or attempt to collect any such judgment out of any other assets of Successor Owner. 

  

					
	        	  		  	 Landlord  DCB      

			
		  	39	  	 Tenant        D.A.    

		  		  	

 11.     Except as specifically provided in this Agreement, Lender shall
not, by virtue of this Agreement, become subject to any liability or obligation to Tenant under the Lease. 
 12.
    EACH OF TENANT, LENDER AND LANDLORD HEREBY IRREVOCABLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. 

13.     The provisions of the Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. The words, “Lender”, “Landlord” and “Tenant” shall include their respective heirs, legatees, executors, administrators, beneficiaries, successors and assigns. 

14.     Any notice, communication, request, reply or advise in this Agreement provided or permitted to be given, made or
accepted by either party to the other must be in writing and, unless it is otherwise in this Agreement expressly provided, may be given or be served by depositing the same in the United States mail, postpaid and registered or certified and addressed
to the party to be notified, with return receipt requested, or in person to the party to be notified, or sent by facsimile or electronic transmission with proof of receipt of same. Notice shall be effective only if and when received by the party to
be notified for purposes of notice, the addresses of the parties shall be as follows (unless otherwise indicated in writing or as otherwise indicated adjacent to an undersigns signature block below): 

 

					
	If to Lender:	  	Commerce Bank	  	
		  	 200 Crescent Court, Suite 1350
	  	
		  	 Dallas, TX 75201
	  	
		  	 Attention: Alexandra Lane
	  	
			
		  	 Commerce Bank

1000 Walnut

18th Floor

Kansas City, MO 64106
	  	
		  	 Attention: Commercial Real Estate Lending Department

			
	If to Tenant:	  	 Wallbox USA INC.
	  	
		  	 800 W. El Camino Real suite 180
	  	
		  	 Mountain View, CA 94040
	  	
		  	  
	  	
		  	Attention:         Douglas Alfaro	  	
			
	If to Landlord:	  	*                                      
          	  	

 15.     This Agreement contains the entire agreement among the parties hereto and no
modifications shall be binding upon any party hereto unless set forth in a document duly executed by or on behalf of such party. 
 16.
    This Agreement may be executed in multiple counterparts, all of which shall be deemed originals and with the same effect as if all parties had signed the same document. All of such counterparts shall be construed together and
shall constitute one instrument. 
 17.     This Agreement shall be construed in accordance with the laws of the State
of Texas. 
 18.     This Agreement shall be of no further force and effect and shall become null and void upon the
recording in the applicable records of Lender’s written release of the lien of the Lien Instrument. 
 [Remainder of page
intentionally left blank.] 

  

					
	        	  		  	 Landlord  DCB      

			
		  	40	  	 Tenant        D.A.    

		  		  	

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first
above written. 
  

							
	EXECUTED AND DELIVERED	 		 	LENDER:
	in my presence:	 		 	
		 		 	COMMERCE BANK,
		 		 	a Missouri bank and trust company
	      
	 		 	
	Witness Signature	 		 		 	
				
	      
	 		 		 	
	Witness Name Printed	 		 	By:	 	      

		 		 	Name:	 	Alexandra Lane
		 		 	Title:	 	Vice President

 STATE OF TEXAS 
 COUNTY OF DALLAS

 Personally appeared before me, the undersigned authority in and for the said county and state, on this      day of
            , 2021, within my jurisdiction, the within named Alexandra Lane, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed in the
above and foregoing instrument and acknowledged that she executed the same in her representative capacity, and that by her signature on the instrument, and as the act and deed of the entity upon behalf of which she acted, executed the above and
foregoing instrument, after first having been duly authorized so to do. 
  

			
		 	      

		 	Notary Public

 My commission expires: 
  

			
		 	      

		 	(seal)

  

					
	        	  		  	 Landlord  DCB      

			
		  	41	  	 Tenant        D.A.    

		  		  	

 

 
 EXECUTED effective as of the date first above written. EXECUTED AND DELIVERED in my presence: Witness Signature Witness Name Printed
LANDLORD: FORUM DRIVE INDUSTRIAL PROPERTIES, LLC, a South Carolina limited Liability company By: Johnson Development Associates, Inc., a South Carolina corporation Its: Manager By: Name: Title: STATE OF SOUTH CAROLINA § § COUNTY OF
SPARTANBURG § The foregoing instrument was ACKNOWLEDGED before me this 24 day of September, 2021, by ——————, the Secretary Treasurer of Johnson Development Associates, Inc., a South Carolina corporation, the
Manager of FORUM DRIVE INDUSTRIAL PROPERTIES, LLC, a South Carolina limited liability company, on behalf of said corporation and limited liability company. [S E A L] My Commission Expires: 4-5-2022 Notary Public, State of South Carolina (Printed Name of Notary Public) My Commission Expires: 4-5-2022 

  

					
	        	  		  	 Landlord  DCB      

			
		  	42	  	 Tenant        D.A.    

		  		  	

 

 
 EXECUTED effective as of the date first above written. EXECUTED AND DELIVERED in my presence: Witness Signature Witness Name Printed
TENANT: Wallbox USA Inc. a Delaware Corporation By: Name: Douglas Alfaco Title: STATE OF CA COUNTY OF Santa Clara Personally appeared before me, the undersigned authority in and for the said county and state, on this 24th day of September, 2021,
within my jurisdiction, the within named Douglas Alfaro, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed in the above and foregoing instrument and acknowledged that he executed the same in his
representative capacity, and that by his signature on the instrument, and as the act and deed of the entity upon behalf of which he acted, executed the above and foregoing instrument, after first having been duly authorized so to do. Notary Public
My commission expires: 01-03-22 (seal) 

  

					
	        	  		  	 Landlord  DCB      

			
		  	43	  	 Tenant        D.A.    

		  		  	

 EXHIBIT A 

Legal Description of Property 

Tract 1: Fee Simple 
 BEING Lot BR1, Tract VI of
FORUM 303 ADDITION, an Addition to the City of Arlington, Texas, according to the Plat thereof recorded in cc# D220250845, Real Property Records, Tarrant County, Texas. 

Tract 2: Easement Estate 
 Non-Exclusive Easement rights created by that certain Easement Agreement by and between Total E&P USA Barnett, LLC and Forum Drive Industrial Properties, LLC filed 07/08/2020, recorded in cc# D220161096, Real
Property Records, Tarrant County, Texas. 

  

					
		  		  	 Landlord  DCB      

			
		  	44	  	 Tenant        D.A.Exhibit
10.41

 

 

 

AGREEMENT AND PLAN OF MERGER

among

THE GLIMPSE GROUP, INC.,

GLIMPSE MERGER SUB, LLC,

 

THE SELLERS,

 

THE SELLERS’ REPRESENTATIVE,

and

BRIGHTLINE INTERACTIVE, LLC

 

Dated as of May 25, 2022

 

 

 

This
document is intended solely to facilitate discussions among the parties identified herein. It is not intended to create, and shall not
be deemed to create, a legally binding or enforceable offer or agreement of any type or nature prior to the duly authorized and approved
execution of this document by all such parties and the delivery of an executed copy hereof by all such parties to all other parties.

 

    	 

    	 

    

 

TABLE
OF CONTENTS

 

	 	Page
	 	 
	ARTICLE
    I DEFINITIONS	1
	Section
    1.1	Definitions	1
	ARTICLE
    II The Merger	13
	Section
    2.1	The
    Merger	13
	Section
    2.2	Closing	13
	Section
    2.3	Closing
    Deliverables.	13
	Section
    2.4	Effective
    Time	14
	Section
    2.5	Effects
    of the Merger	14
	Section
    2.6	Certificate
    of Formation; Operating Agreement	15
	ARTICLE
    III Effect of the Merger; PURCHASE PRICE	15
	Section
    3.1	Effect
    of the Merger on Membership Interests	15
	Section
    3.2	Purchase
    Price	15
	Section
    3.3	Purchase
    Price Adjustment.	20
	Section
    3.4	U.S.
    Tax Matters	22
	ARTICLE
    IV Representations and Warranties of Company	23
	Section
    4.1	Organization;
    Standing and Power; Charter Documents; Subsidiaries	23
	Section
    4.2	Capital
    Structure	23
	Section
    4.3	Authority;
    Non-Contravention; Governmental Consents; Board Approval	23
	Section
    4.4	Financial
    Statements; Undisclosed Liabilities	25
	Section
    4.5	Absence
    of Certain Changes or Events	25
	Section
    4.6	Taxes	25
	Section
    4.7	Intellectual
    Property	26
	Section
    4.8	Compliance;
    Permits	28
	Section
    4.9	Litigation	29
	Section
    4.10	Brokers’
    and Finders’ Fees	29
	Section
    4.11	Related
    Person Transactions	29
	Section
    4.12	Employee
    Benefit Issues	29
	Section
    4.13	Real
    Property and Personal Property Matters	31
	Section
    4.14	Environmental
    Matters	32
	Section
    4.15	Material
    Contracts	32
	Section
    4.16	Insurance	33
	Section
    4.17	Intended
    Tax Treatment	34
	Section
    4.18	Accounts
    Receivable	34
	Section
    4.19	Customers
    and Suppliers	34
	Section
    4.20	No
    Other Representations	34
	ARTICLE
    V REPRESENTATIONS AND WARRANTIES OF SELLERS	34
	Section
    5.1	Good
    and Valid Title	34
	Section
    5.2	Authority
    of the Sellers.	35
	Section
    5.3	Own
    Account	35
	Section
    5.4	Seller
    Status	35
	Section
    5.5	Experience
    of Seller	35
	Section
    5.6	Restrictions.	35
	Section
    5.7	Certain
    Transactions	36
	ARTICLE
    VI Representations and Warranties of Buyer and Merger Sub	36
	Section
    6.1	Organization;
    Standing and Power; Charter Documents	36
	Section
    6.2	Capitalization.	37
	Section
    6.3	Authority;
    Non-Contravention; Governmental Consents; Board Approval	38
	Section
    6.4	Reservation
    of Common Stock	39

 

    	i

    	 

    

 

TABLE OF CONTENTS 

(continued)

 

	 	 	Page
	 	 	 
	Section
    6.5	Brokers	39
	Section
    6.6	Intended
    Tax Treatment	39
	Section
    6.7	Merger
    Sub	40
	Section
    6.8	Litigation	40
	Section
    6.9	SEC
    Filings; Financial Statements; Undisclosed Liabilities.	40
	Section
    6.10	No
    Other Representations	41
	ARTICLE
    VII TAX MATTERS	41
	Section
    7.1	Tax
    Matters	41
	Section
    7.2	Straddle
    Period	42
	Section
    7.3	Contests	42
	Section
    7.4	Amendment
    of Tax Returns, etc.	42
	Section
    7.5	Tax
    Refunds and Credits	42
	Section
    7.6	Cooperation
    and Exchange of Information	42
	Section
    7.7	Survival	43
	Section
    7.8	Overlap	43
	ARTICLE
    VIII Covenants	43
	Section
    8.1	Conduct
    of the Business	43
	Section
    8.2	Access
    to Information	44
	Section
    8.3	Non-Circumvention	44
	Section
    8.4	Notices
    of Certain Events	45
	Section
    8.5	Directors’
    and Officers’ Indemnification and Insurance	45
	Section
    8.6	Reasonable
    Best Efforts	46
	Section
    8.7	Public
    Announcements	46
	Section
    8.8	Anti-Takeover
    Statutes	47
	Section
    8.9	Reorganization
    Efforts	47
	Section
    8.10	Transfer
    Taxes	47
	Section
    8.11	Continuing
    Employees	47
	Section
    8.12	Non-Competition.
    Non-Solicitation.	48
	Section
    8.13	Further
    Assurances	49
	ARTICLE
    IX Conditions TO CLOSING	49
	Section
    9.1	Conditions
    to Obligation of Buyer to Effect the Closing	49
	Section
    9.2	Conditions
    to Obligations of Company to Effect the Closing	49
	ARTICLE
    X INDEMNIFICATION	50
	Section
    10.1	Survival	50
	Section
    10.2	Indemnification
    by Sellers	51
	Section
    10.3	Indemnification
    by Buyer	51
	Section
    10.4	Certain
    Limitations	51
	Section
    10.5	Indemnification
    Procedures	52
	Section
    10.6	Payments	54
	Section
    10.7	Tax
    Treatment	54
	Section
    10.8	Effect
    of Investigation	55
	ARTICLE
    XI Termination, Amendment, and Waiver	55
	Section
    11.1	Termination
    by Mutual Consent	55
	Section
    11.2	Termination
    by Either Buyer or Company	55
	Section
    11.3	Termination
    by Buyer	55
	Section
    11.4	Termination
    by Company	55
	Section
    11.5	Notice
    of Termination; Effect of Termination	56
	Section
    11.6	Expenses	56

 

 

    	ii

    	 

    

 

TABLE OF CONTENTS

(continued)

 

	 	 	Page
	 	 	 
	Section
    11.7	Amendment	56
	Section
    11.8	Extension;
    Waiver	56
	ARTICLE
    XII Miscellaneous	56
	Section
    12.1	Interpretation;
    Construction	56
	Section
    12.2	Governing
    Law	57
	Section
    12.3	Submission
    to Jurisdiction	57
	Section
    12.4	Waiver
    of Jury Trial	57
	Section
    12.5	Notices	58
	Section
    12.6	Entire
    Agreement	58
	Section
    12.7	No
    Third-Party Beneficiaries	58
	Section
    12.8	Severability	59
	Section
    12.9	Assignment	59
	Section
    12.10	Remedies
    Cumulative	59
	Section
    12.11	Disclosure
    Letters	59
	Section
    12.12	Specific
    Performance	59
	Section
    12.13	Counterparts;
    Effectiveness	60
	Section
    12.14	No
    Recourse Against Third Parties	60
	Section
    12.15	Provision
    Respecting Legal Representation	60
	Section
    12.16	Sellers’
    Representative	61

 

Exhibits

 

	Exhibit A	Form of Certificate of Formation
	 
	Exhibit B	Form of Sellers’ Lock-up Agreement
	 
	Exhibit C	Form of T. Gates Employment Agreement
	 
	Exhibit D	Form of E. Muendel Employment Agreement

 

    	iii

    	 

    

 

AGREEMENT
AND PLAN OF MERGER

 

This
AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of May 25, 2022, by and among The Glimpse Group, Inc., a
Nevada corporation (“Buyer”), Glimpse Merger Sub, LLC, a Nevada limited liability company and wholly-owned Subsidiary
of Buyer (“Merger Sub”), and Erik Muendel, the Bradley S. Nierenberg Trust, Bruce Gates, Joyce Gates, Barton Gates
and Tyler Gates (each a “Seller” and, collectively, the “Sellers”), Bruce Gates, solely in his
capacity as representative of Sellers (the “Sellers’ Representative”) and Brightline Interactive, LLC, a Virginia
limited liability company (“Company” and, together with Sellers, Sellers’ Representative, Buyer and Merger Sub,
the “Parties”).

 

WHEREAS,
Buyer and Sellers wish to effect a strategic business combination by means of a merger of Company with and into Merger Sub, with Merger
Sub being the surviving entity in the Merger, as a result of which the Company will become a wholly-owned Subsidiary of Buyer (“Merger”)
on the terms and subject to the conditions set forth herein;

 

WHEREAS,
Sellers collectively own 100% of the issued and outstanding membership interests in the Company and, in accordance with the Company’s
amended and restated operating agreement dated as of December 22, 2015, as amended (“Operating Agreement”) and the
Virginia Limited Liability Company Act (“VLLCA”), have unanimously approved this Agreement and the consummation of
the transactions contemplated hereby, including the Merger;

 

WHEREAS,
the Managers (as defined in the Operating Agreement) have unanimously approved this Agreement and the consummation of the transactions
contemplated hereby, including the Merger;

 

WHEREAS,
the respective Boards of Directors of Buyer (the “Buyer Board”) and Merger Sub (the “Merger Sub Board”)
have each unanimously: (a) determined that it is in the best interests of Buyer or Merger Sub, as applicable, and its respective stockholders
or its member, as applicable, and declared it advisable, to enter into this Agreement; and (b) approved the execution, delivery, and
performance of this Agreement and the consummation of the transactions contemplated hereby, including the Merger; in each case, in accordance
with the Nevada Revised Statutes, as amended (the “NRS”);

 

WHEREAS,
for U.S. federal income Tax purposes, the parties intend that the Merger qualify as a “reorganization” within the meaning
of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”), and that this Agreement be, and is
hereby, adopted as a “plan of reorganization” within the meaning of Section 368(a) of the Code and the Treasury Regulations
promulgated thereunder; and

 

NOW,
THEREFORE, in consideration of the foregoing and of the representations, warranties, covenants, and agreements contained in this Agreement,
the Parties, intending to be legally bound, agree as follows:

 

ARTICLE
I

DEFINITIONS

 

Section
1.1 Definitions. For purposes of this Agreement, the following terms will have the following meanings when used herein with initial
capital letters:

 

“Acquisition
Proposal” has the meaning set forth in Section 8.3.

 

“Affiliate”
means, with respect to any Person, any other Person that directly or indirectly controls, is controlled by, or is under common control
with, such first Person. For the purposes of this definition, “control” (including, the terms “controlling,”
“controlled by,” and “under common control with”), as applied to any Person, means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of that Person, whether through the ownership
of voting securities, by Contract, or otherwise.

 

    	1

    	 

    

 

“Affordable
Care Act” means the Patient Protection and Affordable Care Act (PPACA), as amended by the Health Care and Education Reconciliation
Act (HCERA).

 

“Agreement”
has the meaning set forth in the Preamble.

 

“Ancillary
Documents” means the T. Gates Employment Agreement, E. Muendel Employment Agreement and Sellers Lock-Up Agreements.

 

“Articles
of Merger” has the meaning set forth in Section 2.4.

 

“Auditor”
means Hoberman & Lesser, LLP.

 

“Balance
Sheet Date” has the meaning set forth in Section 4.4(a).

 

“Basket”
has the meaning set forth in Section 10.4(a).

 

“Brightline
Budget” has the meaning set forth in Section 3.2(c)(viii)(B).

 

“Business
Day” means any day, other than Saturday, Sunday, or any day on which banking institutions located in New York, New York are
authorized or required by Law or other governmental action to close.

 

“Buyer”
has the meaning set forth in the Preamble.

 

“Buyer
Board” has the meaning set forth in the Recitals.

 

“Buyer
Disclosure Letter” means the disclosure letter, dated as of the date of this Agreement and delivered by Buyer and Merger Sub
to Company concurrently with the execution of this Agreement.

 

“Buyer
Indemnitees” has the meaning set forth in Section 10.3.

 

“Buyer
Material Adverse Effect” means any Effect that is, or would reasonably be expected to become, individually or in the aggregate,
materially adverse to: (a) the business, results of operations, condition (financial or otherwise), or assets of Buyer and its Subsidiaries,
taken as a whole; or (b) the ability of Buyer to timely perform its obligations under this Agreement or consummate the transactions contemplated
hereby on a timely basis; provided, however, that a Buyer Material Adverse Effect shall not be deemed to include any Effect
(alone or in combination) arising out of, relating to, or resulting from: (i) changes generally affecting the economy, financial or securities
markets, or political conditions; (ii) the execution and delivery, announcement, or pendency of the transactions contemplated by this
Agreement, including the impact thereof on relationships, contractual or otherwise, of Buyer and its Subsidiaries with employees, suppliers,
customers, Governmental Entities, or other third Persons (it being understood and agreed that this clause shall not apply with respect
to any representation or warranty that is intended to address the consequences of the execution and delivery of this Agreement or the
announcement or the pendency of this Agreement); (iii) any changes in applicable Law or GAAP or other applicable accounting standards,
including interpretations thereof, (iv) any outbreak or escalation of war or any act of terrorism, (v) the existence or worsening of
any natural disasters, epidemics, pandemics, disease outbreaks (including in the case of the COVID-19 virus, only the worsening of the
pandemic) or public health emergencies, or other force majeure events; (vi) general conditions in the industry in which Buyer and its
Subsidiaries operate; (vii) any failure, in and of itself, by Buyer to meet any internal or published projections, forecasts, estimates,
or predictions in respect of revenues, earnings, or other financial or operating metrics for any period (it being understood that any
Effect underlying such failure may be deemed to constitute, or be taken into account in determining whether there has been or would reasonably
be expected to become, a Buyer Material Adverse Effect, to the extent permitted by this definition and not otherwise excepted by another
clause of this proviso); (viii) any change, in and of itself, in the market price or trading volume of Buyer’s securities or in
its credit ratings (it being understood that any Effect underlying such change may be deemed to constitute, or be taken into account
in determining whether there has been or would reasonably be expected to become, a Buyer Material Adverse Effect, to the extent permitted
by this definition and not otherwise excepted by another clause of this proviso); or (ix) actions taken as required or specifically permitted
by the Agreement or actions or omissions taken with Company’s or Sellers’ Representative’s consent; provided further,
however, that any Effect referred to in clauses (i), (iii), (iv), (v), or (vi) immediately above shall be taken into account in
determining whether a Buyer Material Adverse Effect has occurred or would reasonably be expected to occur if it has a disproportionate
effect on Buyer and its Subsidiaries, taken as a whole, compared to other participants in the industries in which Buyer and its Subsidiaries
conduct their businesses.

 

    	2

    	 

    

 

“Buyer
SEC Documents” means registration statements, prospectuses, reports, schedules, forms, statements, and other documents (including
exhibits and all other information incorporated by reference) filed or furnished by the Buyer with the SEC.

 

“Buyer
Securities” has the meaning set forth in Section 6.2(b)(ii).

 

“Buyer
Stock” means shares of Buyer’s common stock, par value $0.001 per share.

 

“Buyer
Stock Consideration” has the meaning set forth in Section 5.3.

 

“Buyer
Stock Issuance” means any issuance (or issuances) of shares of Buyer Stock in connection with the Merger (including as Earnout
Consideration, if applicable) on the terms and subject to the conditions set forth in this Agreement.

 

“Buyer
Stock Option” means any option to purchase Buyer Stock granted under any Buyer Stock Plan.

 

“Buyer
Stock Plan” means The Glimpse Group, Inc. 2016 Equity Incentive Plan.

 

“Buyer
Subsidiary Securities” has the meaning set forth in Section 6.2(d).

 

“Buyer
Voting Debt” has the meaning set forth in Section 6.2(c).

 

“Cap”
has the meaning set forth in Section 10.4(a).

 

“Cash
Revenue Target” has the meaning set forth in Section 3.2(c)(i).

 

“Change
in Control” means, with respect to any Person, a single transaction or group of related transactions (whether by way of purchase
agreement, tender offer, merger, consolidation, business combination or other similar transaction) involving such Person, pursuant to
which (i) the holders of more than fifty percent (50%) of the combined voting power of such Person immediately prior to such transaction
(or their Affiliates) would cease to hold more than fifty percent (50%) of the combined voting power of such Person (or its successor
entity) following such transaction or (ii) all or substantially all of the assets of such Person (including its Subsidiaries) are sold,
leased, transferred, exclusively licensed or otherwise disposed, except where such sale, lease, transfer, exclusive license or other
disposition is to a wholly owned subsidiary of such Person.

 

“Charter
Documents” means: (a) with respect to a corporation, the charter, articles or certificate of incorporation, as applicable,
and bylaws thereof; (b) with respect to a limited liability company, the certificate of formation or organization, as applicable, and
the operating or limited liability company agreement, as applicable, thereof; (c) with respect to a partnership, the certificate of formation
and the partnership agreement; and (d) with respect to any other Person the organizational, constituent and/or governing documents and/or
instruments of such Person.

 

    	3

    	 

    

 

“Closing”
and “Closing Date” have the meaning set forth in Section 2.2.

 

“Closing
Adjustment” has the meaning set forth in Section 3.3(a)(ii).

 

“Closing
Certificate” has the meaning set forth in Section 2.3(a)(i).

 

“Closing
Working Capital” means (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined
as of 11:59 p.m. Eastern time on the Closing Date.

 

“Closing
Working Capital Statement” has the meaning set forth in Section 3.3(b)(i).

 

“COBRA”
means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and as codified in Section 4980B of the Code and Section
601 et. seq. of ERISA.

 

“Code”
has the meaning set forth in the Recitals.

 

“Company”
has the meaning set forth in the Preamble.

 

“Company
Action” has the meaning set forth in Section 4.3(d).

 

“Company
Cash” shall mean all cash and cash equivalents (expressed in Dollars) of any kind of the Company (including, without limitation,
all cash in bank accounts and cash on hand, restricted cash, cash on deposit, cash deposited with third parties and cash posted for bonds
or with respect to escrows), as of the Effective Time; provided, that such amount shall not exceed $500,000.

 

“Company
Disclosure Letter” means the disclosure letter, dated as of the date of this Agreement and delivered by Company and Sellers
to Buyer concurrently with the execution of this Agreement.

 

“Company
Employee” and “Company Employee Plans” have the meanings set forth in Section 4.12(a).

 

“Company
ERISA Affiliate” means all employers, trades, or businesses (whether or not incorporated) that would be treated together with
Company or any of its Affiliates as a “single employer” within the meaning of Section 414 of the Code.

 

“Company
IP” has the meaning set forth in Section 4.7(b).

 

“Company
IP Agreements” means all licenses, sublicenses, consent to use agreements, settlements, coexistence agreements, covenants not
to sue, waivers, releases, permissions, and other Contracts, whether written or oral, relating to Intellectual Property and to which
Company or any of its Subsidiaries is a party, beneficiary, or otherwise bound.

 

“Company
IT Systems” means all software, computer hardware, servers, networks, platforms, peripherals, and similar or related items
of automated, computerized, or other information technology networks and systems (including telecommunications networks and systems for
voice, data, and video) owned, leased, licensed, or used (including through cloud-based or other third-party service providers) by Company
or any of its Subsidiaries.

 

    	4

    	 

    

 

“Company
Material Adverse Effect” means any event, circumstance, development, occurrence, fact, condition, effect, or change (each,
an “Effect”) that is, or would reasonably be expected to become, individually or in the aggregate, materially adverse
to: (a) the business, results of operations, condition (financial or otherwise), or assets of Company and its Subsidiaries, taken as
a whole; or (b) the ability of Company to timely perform its obligations under this Agreement or consummate the transactions contemplated
hereby on a timely basis; provided, however, that a Company Material Adverse Effect shall not be deemed to include any
Effect (alone or in combination) arising out of, relating to, or resulting from: (i) changes generally affecting the economy, financial
or securities markets, or political conditions; (ii) the execution and delivery, announcement, or pendency of the transactions contemplated
by this Agreement, including the impact thereof on relationships, contractual or otherwise, of Company and its Subsidiaries with employees,
suppliers, customers, Governmental Entities, or other third Persons (it being understood and agreed that this clause shall not apply
with respect to any representation or warranty that is intended to address the consequences of the execution and delivery of this Agreement
or the announcement or the pendency of this Agreement); (iii) any changes in applicable Law or GAAP or other applicable accounting standards,
including interpretations thereof, (iv) any outbreak or escalation of war or any act of terrorism, (v) the existence or worsening of
any natural disasters, epidemics, pandemics, disease outbreaks (including in the case of the COVID-19 virus, only the worsening the pandemic)
or public health emergencies, or other force majeure events; (vi) general conditions in the industry in which Company and its Subsidiaries
operate; (vii) any failure, in and of itself, by Company to meet any internal or published projections, forecasts, estimates, or predictions
in respect of revenues, earnings, or other financial or operating metrics for any period (it being understood that any Effect underlying
such failure may be deemed to constitute, or be taken into account in determining whether there has been or would reasonably be expected
to become, a Company Material Adverse Effect, to the extent permitted by this definition and not otherwise excepted by another clause
of this proviso); or (viii) actions taken as required or specifically permitted by the Agreement or actions or omissions taken with Buyer’s
consent; provided further, however, that any Effect referred to in clauses (i), (iii), (iv), (v), or (vi) immediately above
shall be taken into account in determining whether a Company Material Adverse Effect has occurred or would reasonably be expected to
occur if it has a disproportionate effect on Company and its Subsidiaries, taken as a whole, compared to other participants in the industries
in which Company and its Subsidiaries conduct their businesses.

 

“Company
Material Contract” has the meaning set forth in Section 4.15(a).

 

“Company
Membership Units” has the meaning set forth in Section 4.2(a).

 

“Company
Owned IP” means all Intellectual Property owned by Company or any of its Subsidiaries.

 

“Company
Registered IP” has the meaning set forth in Section 4.7(a).

 

“Consent”
has the meaning set forth in Section 4.3(c).

 

“Continuing
Employees” shall mean all employees of the Company who continue their employment with the Surviving Entity.

 

“Contracts”
means any contracts, agreements, licenses, notes, bonds, mortgages, indentures, leases, or other binding instruments or binding commitments,
whether written or oral.

 

“Current
Assets” means accounts receivable, inventory and prepaid expenses, but excluding (a) the portion of any prepaid expense of
which Buyer will not receive the benefit following the Closing; (b) deferred Tax assets; (c) receivables from any of the Company’s
Affiliates, Managers, employees, officers or members and any of their respective Affiliates and (d) Company Cash, determined in accordance
with the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation
and estimation methodologies (including with respect to reserves) that were used in the preparation of the Interim Financial Statements.

 

    	5

    	 

    

 

“Current
Liabilities” means accounts payable, accrued Taxes and accrued expenses, but excluding (a) payables to any of the Company’s
Affiliates, Managers, employees, officers or members and any of their respective Affiliates; (b) deferred Tax liabilities; and (c) Indebtedness
and Expenses, determined in accordance with the same accounting methods, practices, principles, policies and procedures, with consistent
classifications, judgments and valuation and estimation methodologies (including with respect to reserves) that were used in the preparation
of the Interim Financial Statements.

 

“D&O
Indemnified Party” has the meaning set forth in Section 8.5(a).

 

“Direct
Claim” has the meaning set forth in Section 10.5(c).

 

“Disclosed
Litigation” has the meaning set forth in Section 4.9.

 

“Disputed
Amounts” has the meaning set forth in Section 3.3(c)(iii).

 

“E.
Muendel Employment Agreement” means that certain employment agreement between Buyer and Erik Muendel, substantially in the
form of the agreement attached as Exhibit D.

 

“Earnout
Calculations” has the meaning set forth in Section 3.2(c)(iii).

 

“Earnout
Cash Payments” has the meaning set forth in Section 3.2(c)(i).

 

“Earnout
Consideration” has the meaning set forth in Section 3.2(c).

 

“Earnout
Notice” has the meaning set forth in Section 3.2(c)(iii).

 

“Earnout
Objection Period” and “Earnout Objection Notice” have the meanings set forth in Section 3.2(c)(iv).

 

“Earnout
Period” means, collectively, First Earnout Period, Second Earnout Period, and Third Earnout Period.

 

“Earnout
Revenue Targets” means, collectively, the Cash Revenue Targets and the Stock Revenue Targets.

 

“Earnout
Stock” means, (i) with respect to the First Stock Revenue Target or Second Stock Revenue Target, a number of validly issued,
fully paid and non-assessable shares of Buyer Stock, equal to the quotient of $5,000,000 divided by the 360-Day VWAP (as measured as
of the final day of the applicable Earnout Period) and (ii) with respect to the Third Stock Revenue Target, a number of validly issued,
fully paid and non-assessable shares of Buyer Stock, equal to the quotient of $2,500,000 divided by the 360-Day VWAP (as measured as
of the final day of the applicable Earnout Period).

 

“Effect”
has the meaning set forth in the definition of “Company Material Adverse Effect.”

 

“Effective
Time” has the meaning set forth in Section 2.4.

 

“End
Date” means September 30, 2022.

 

    	6

    	 

    

 

“Environmental
Laws” means any applicable Law, and any Order or binding agreement with any Governmental Entity: (a) relating to pollution
(or the cleanup thereof) or the protection of natural resources, endangered or threatened species, human health or safety, or the environment
(including ambient air, soil, surface water or groundwater, or subsurface strata); or (b) concerning the presence of, exposure to, or
the management, manufacture, use, containment, storage, recycling, reclamation, reuse, treatment, generation, discharge, transportation,
processing, production, disposal or remediation of any Hazardous Materials. The term “Environmental Law” includes, without
limitation, the following (including their implementing regulations and any state analogs): the Comprehensive Environmental Response,
Compensation, and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, 42 U.S.C. §§
9601 et seq.; the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act of 1976, as amended by the
Hazardous and Solid Waste Amendments of 1984, 42 U.S.C. §§ 6901 et seq.; the Federal Water Pollution Control Act of
1972, as amended by the Clean Water Act of 1977, 33 U.S.C. §§ 1251 et seq.; the Toxic Substances Control Act of 1976,
as amended, 15 U.S.C. §§ 2601 et seq.; the Emergency Planning and Community Right-to-Know Act of 1986, 42 U.S.C. §§
11001 et seq.; the Clean Air Act of 1966, as amended by the Clean Air Act Amendments of 1990, 42 U.S.C. §§ 7401 et
seq.; and the Occupational Safety and Health Act of 1970, as amended, 29 U.S.C. §§ 651 et seq.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended.

 

“Estimated
Closing Working Capital” and “Estimated Closing Working Capital Statement” have the meanings set forth in
Section 3.3(a)(i).

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Expenses”
means, with respect to any Person, all reasonable and documented out-of-pocket fees and expenses (including all fees and expenses of
counsel, accountants, financial advisors, and investment bankers of such Person and its Affiliates), incurred by such Person or on its
behalf in connection with or related to the authorization, preparation, negotiation, execution, and performance of this Agreement and
any transactions related thereto, any litigation with respect thereto, the filing of any required notices under antitrust Laws, or in
connection with other regulatory approvals, and all other matters related to the Merger, the Buyer Stock Issuance, and the other transactions
contemplated by this Agreement.

 

“Financial
Statements” has the meaning section forth in Section 4.4(a).

 

“First
Cash Revenue Target” has the meaning set forth in Section 3.2(c)(i).

 

“First
Earnout Cash Payment” has the meaning set forth in Section 3.2(c)(i).

 

“First
Earnout Period” means a one-year period, beginning on the first day of the month that begins on or most immediately after the
Closing Date.

 

“First
Stock Revenue Target” means Recognized Revenue totaling at least $6,000,000 in the aggregate at any time during the First Earnout
Period.

 

“Fully
Diluted Amount” means the sum of the number of issued and outstanding Company Membership Units, as of immediately prior to
the Effective Time.

 

“GAAP”
means United States generally accepted accounting principles in effect from time to time.

 

“Governmental
Entity” has the meaning set forth in Section 4.3(c).

 

“Hazardous
Substance” means: (a) any material, substance, chemical, waste, product, derivative, compound, mixture, solid, liquid, mineral,
or gas, in each case, whether naturally occurring or man-made, that is hazardous, acutely hazardous, toxic, or words of similar import
or regulatory effect under Environmental Laws; and (b) any petroleum or petroleum-derived products, radon, radioactive materials or wastes,
asbestos in any form, lead or lead-containing materials, urea formaldehyde foam insulation, and polychlorinated biphenyls.

 

    	7

    	 

    

 

“HIPAA”
means the Health Insurance Portability and Accountability Act of 1996, as amended.

 

“Indebtedness”
means, without duplication, (a) all Liabilities for borrowed money, (b) all Liabilities evidenced by notes, bonds, debentures, mortgage
or other instruments, (c) all Liabilities under any debt security, interest rate, currency or other hedging or swap, derivative obligation
or other similar arrangement and (d) all Liabilities for the reimbursement of draws under outstanding letters of credit, performance
bonds or similar instruments (but only to the extent drawn), in each case including any amounts payable to terminate such arrangements.

 

“Indebtedness
Payoff Amount” has the meaning set forth in Section 2.3(b)(i).

 

“Independent
Accountant” means an independent accounting or financial consulting firm of recognized national standing mutually selected
by Buyer and the Sellers’ Representative, which shall not have any material relationship with Buyer, the Company or any of their
respective Affiliates.

 

“Initial
Cash Consideration” has the meaning set forth in Section 3.2(a).

 

“Initial
Per Unit Cash Consideration” means the Initial Cash Consideration divided by the Fully Diluted Amount.

 

“Initial
Stock Consideration” means a number of validly issued, fully paid and non-assessable shares of Buyer Stock, equal to the quotient
of $5,000,000 divided by the 30-Day VWAP (as measured as of the Closing Date).

 

“Intellectual
Property” means any and all of the following arising pursuant to the Laws of any jurisdiction throughout the world: (a) trademarks,
service marks, trade names, and similar indicia of source or origin, all registrations and applications for registration thereof, and
the goodwill connected with the use of and symbolized by the foregoing; (b) copyrights and all registrations and applications for registration
thereof; (c) trade secrets and know-how; (d) patents and patent applications; (e) internet domain name registrations; and (f) other intellectual
property and related proprietary rights.

 

“IPO”
means the consummation of (i) the first underwritten public offering of equity securities of the IPO Corporation pursuant to an effective
registration statement under the Securities Act, excluding registration statements on Form S-4, Form S-8 or similar limited purpose forms,
or under the corresponding provisions of the securities laws of any non-U.S. jurisdiction, (ii) a direct listing of equity securities
of the IPO Corporation on a national securities exchange under the Exchange Act or (iii) a merger involving a special purpose acquisition
company (“SPAC”), pursuant to which equity securities of the IPO Corporation are exchanged for securities of the SPAC
or its parent company that are registered under the Exchange Act and are listed for trading on a national securities exchange.

 

“IPO
Corporation” means the entity which undertakes the IPO, which may be, without limitation, the Surviving Entity or any successor
to the Surviving Entity, a parent holding company of the Surviving Entity or any Subsidiary of the Surviving Entity.

 

“IRS”
means the United States Internal Revenue Service.

 

“Knowledge”
means: (a) with respect to Company and its Subsidiaries, the actual knowledge of Tyler Gates and Erik Muendel after due inquiry; and
(b) with respect to Buyer and its Subsidiaries, the actual knowledge of Lyron Bentovim, Maydan Rothblum and Jeff Meisner after due inquiry.

 

    	8

    	 

    

 

“Laws”
means any federal, state, local, municipal, foreign, multi-national or other laws, common law, statutes, constitutions, ordinances, rules,
regulations, codes, Orders, or legally enforceable requirements enacted, issued, adopted, promulgated, enforced, ordered, or applied
by any Governmental Entity.

 

“Lease”
means all leases, subleases, licenses, concessions, and other agreements (written or oral) under which Company or any of its Subsidiaries
holds any Leased Real Estate, including the right to all security deposits and other amounts and instruments deposited by or on behalf
of Company or any of its Subsidiaries thereunder.

 

“Leased
Real Estate” means all leasehold or subleasehold estates and other rights to use or occupy any land, buildings, structures,
improvements, fixtures, or other interest in real property held by Company or any of its Subsidiaries.

 

“Legal
Action” means any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding,
litigation, citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether
at law or in equity.

 

“Liability”
means any liability, indebtedness, commitment or obligation of any kind (whether asserted, unasserted, known, unknown, accrued, unaccrued,
absolute, contingent, matured, unmatured, determined, determinable, or otherwise, and whether or not required to be recorded or reflected
on a balance sheet under GAAP).

 

“Liens”
means, with respect to any property or asset, all pledges, liens, mortgages, charges, encumbrances, hypothecations, options, rights of
first refusal, rights of first offer, and security interests of any kind or nature whatsoever.

 

“Losses”
means losses, damages, liabilities, deficiencies, Legal Actions, judgments, interest, awards, penalties, fines, costs or expenses of
whatever kind, including reasonable attorneys’ fees and the cost of enforcing any right to indemnification hereunder and the cost
of pursuing any insurance providers; provided, however, that “Losses” shall not include punitive, consequential,
speculative or indirect damages, except to the extent actually awarded to a Governmental Entity or other third party.

 

“Material
Customer” has the meaning set forth in Section 4.19(a).

 

“Material
Supplier” has the meaning set forth in Section 4.19(b).

 

“Merger”
has the meaning set forth in the Recitals.

 

“Merger
Consideration” means, collectively, the Initial Cash Consideration, Initial Stock Consideration, and Earnout Consideration.

 

“Merger
Sub” has the meaning set forth in the Preamble.

 

“Merger
Sub Board” has the meaning set forth in the Recitals.

 

“Minimum
Capital Amounts” has the meaning set forth in Section 3.2(c)(viii)(B).

 

“NASDAQ”
has the meaning set forth in the definition of “30-Day VWAP.”

 

“NRS”
has the meaning set forth in the Recitals.

 

“Order”
means any order, decision, ruling, judgment, writ, injunction, stipulation, award or decree issued by any Governmental Entity.

 

    	9

    	 

    

 

“Other
Governmental Approvals” has the meaning set forth in Section 4.3(c).

 

“Owned
Real Estate” means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements,
rights of way, and appurtenances relating thereto, owned by Company.

 

“Parties”
has the meaning set forth in the Preamble.

 

“Permits”
has the meaning set forth in Section 4.8(b).

 

“Permitted
Liens” means: (a) statutory Liens for current Taxes or other governmental charges not yet due and payable or the amount or
validity of which is being contested in good faith (provided appropriate reserves required pursuant to GAAP have been made in respect
thereof); (b) mechanics’, carriers’, workers’, repairers’, and similar statutory Liens arising or incurred in
the ordinary course of business for amounts which are not delinquent or which are being contested by appropriate proceedings (provided
appropriate reserves required pursuant to GAAP have been made in respect thereof); (c) zoning, entitlement, building, and other land
use regulations imposed by Governmental Entities having jurisdiction over such Person’s owned or leased real property, which are
not violated by the current use and operation of such real property; (d) covenants, conditions, restrictions, easements, and other similar
non-monetary matters of record affecting title to such Person’s owned or leased real property, which do not materially impair the
occupancy or use of such real property for the purposes for which it is currently used in connection with such Person’s businesses;
(e) any right of way or easement related to public roads and highways, which do not materially impair the occupancy or use of such real
property for the purposes for which it is currently used in connection with such Person’s businesses; and (f) Liens arising under
workers’ compensation, unemployment insurance, social security, retirement, and similar legislation.

 

“Person”
means any individual, corporation, limited or general partnership, limited liability company, limited liability partnership, trust, association,
joint venture, Governmental Entity, or other entity.

 

“Post-Closing
Adjustment” has the meaning set forth in Section 3.3(b)(ii).

 

“Pre-Closing
Tax Period” means any taxable period ending on or before the Closing Date and, with respect to any taxable period beginning
before and ending after the Closing Date, the portion of such taxable period ending on and including the Closing Date.

 

“Pro
Rata Portion” means, as to any Seller, a percentage equal to the number of Company Membership Units held by such Seller immediately
prior to the Effective Time divided by Fully Diluted Amount.

 

“Purchase
Price” has the meaning set forth in Section 3.2.

 

“Real
Estate” means the Owned Real Estate and the Leased Real Estate.

 

“Recognized
Revenue” means, with respect to an applicable Earnout Period, determined in accordance with GAAP, the sum of: (i) gross revenue
of the Surviving Entity for such Earnout Period; and (ii) gross revenue of Buyer or any of its Subsidiaries for such Earnout Period that
is determined by Buyer in its reasonable and good faith discretion to be attributable to (x) the product lines or technologies of the
Surviving Entity or (y) introductions to customers made by the Surviving Entity, subject to Buyer’s prior written consent to such
introductions (provided, that Buyer may only withhold such consent if Buyer can reasonably establish that, as of the date that the Surviving
Entity proposes such introduction, any such customer is (or was) already a customer of, or is being actively pursued as a customer by,
Buyer or any of its Subsidiaries) (including, for the avoidance of doubt, any revenue generated from Buyer selling services or products
provided by the Surviving Entity and any revenue generated from the Surviving Entity selling services or products provided by Buyer or
its Subsidiaries other than the Surviving Entity).

 

    	10

    	 

    

 

“Representatives”
has the meaning set forth in Section 8.3.

 

“Requisite
Company Vote” has the meaning set forth in Section 4.3(a).

 

“Resolution
Period” has the meaning set forth in Section 3.3(c)(ii).

 

“Restricted
Business” has the meaning set forth in Section 8.12.

 

“Restricted
Period” has the meaning set forth in Section 8.12.

 

“Revenue
Amounts” has the meaning set forth in Section 3.2(c)(viii)(B).

 

“Revenue
Shortfall Amount” has the meaning set forth in Section 3.2(c)(viii)(B).

 

“Review
Period” has the meaning set forth in Section 3.3(c)(i).

 

“SEC”
means the Securities and Exchange Commission.

 

“Second
Cash Revenue Target” has the meaning set forth in Section 3.2(c)(i).

 

“Second
Earnout Cash Payment” has the meaning set forth in Section 3.2(c)(i).

 

“Second
Earnout Period” means a two-year period, beginning on the first day of the month that begins on or most immediately after the
Closing Date.

 

“Second
Stock Revenue Target” means Recognized Revenue totaling at least $15,000,000 in the aggregate at any time during the Second
Earnout Period.

 

“Securities
Act” means the Securities Act of 1933, as amended.

 

“Seller
Indemnitees” has the meaning set forth in Section 10.3.

 

“Sellers
Lock-Up Agreement” has the meaning set forth in Section 3.2(b), substantially in the form of the agreement attached
as Exhibit B.

 

“Statement
of Objections” has the meaning set forth in Section 3.3(c)(ii).

 

“Stock
Revenue Targets” means, collectively, the First Stock Revenue Target, the Second Stock Revenue Target and the Third Stock Revenue
Target.

 

“Subsidiary”
of a Person means a corporation, partnership, limited liability company, or other business entity of which a majority of the shares of
voting securities is at the time beneficially owned, or the management of which is otherwise controlled, directly or indirectly, through
one or more intermediaries, or both, by such Person.

 

“Surviving
Entity” has the meaning set forth in Section 2.1.

 

“T.
Gates Employment Agreement” means that certain employment agreement between Buyer and Tyler Gates, substantially in the form
of the agreement attached as Exhibit C.

 

“Target
Working Capital” means $0.

 

    	11

    	 

    

 

“Tax”
or “Taxes” means all federal, state, local, foreign and other income, gross receipts, sales, use, production, ad valorem,
transfer, franchise, registration, profits, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated,
excise, severance, environmental, stamp, occupation, premium, property (real or personal), real property gains, windfall profits, customs,
duties or other taxes, fees, assessments, or charges of any kind whatsoever, together with any interest, additions or penalties with
respect thereto and any interest in respect of such additions or penalties.

 

“Tax
Returns” means any return, declaration, report, claim for refund, information return or statement, or other document relating
to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

 

“Territory”
has the meaning set forth in Section 8.12.

 

“Third
Cash Revenue Target” has the meaning set forth in Section 3.2(c)(i).

 

“Third
Earnout Cash Payment” has the meaning set forth in Section 3.2(c)(i).

 

“Third
Earnout Period” means a three-year period, beginning on the first day of the month that begins on or most immediately after
the Closing Date.

 

“Third
Party Claim” has the meaning set forth in Section 10.5.

 

“Third
Stock Revenue Target” means Recognized Revenue totaling at least $28,500,000 in the aggregate at any time during the Third
Earnout Period.

 

“Trading
Day” means any day on which shares of Buyer Stock are traded on the NASDAQ.

 

“Treasury
Regulations” means the Treasury regulations promulgated under the Code.

 

“Undisputed
Amounts” has the meaning set forth in Section 3.3(c)(iii).

 

“VLLCA”
has the meaning set forth in the Recitals.

 

“Voting
Debt” has the meaning set forth Section 4.2(b).

 

“Year-End
Financial Statements” has the meaning set forth in Section 4.4(a).

 

“30-Day
VWAP” means, as of an applicable measurement date, the volume weighted average price per share of Buyer Stock on the Nasdaq
Capital Market (“NASDAQ”) (as reported by Bloomberg L.P. or, if not reported therein, in another authoritative source
mutually selected by the parties) measured on a cumulative basis over the thirty (30) consecutive Trading Days ending on and including
the Trading Day immediately preceding such measurement date; provided that the 30-Day VWAP shall not be less than $7.00 per share
(adjusted for stock splits and similar events).

 

“360-Day
VWAP” means, as of an applicable measurement date, the volume weighted average price per share of Buyer Stock on NASDAQ (as
reported by Bloomberg L.P. or, if not reported therein, in another authoritative source mutually selected by the parties) measured on
a cumulative basis over the three hundred sixty (360) consecutive Trading Days ending on and including the Trading Day immediately preceding
such measurement date; provided that the 360-Day VWAP shall not be less than $7.00 per share (adjusted for stock splits and similar
events).

 

    	12

    	 

    

 

ARTICLE
II

The Merger

 

Section
2.1 The Merger. On the terms and subject to the conditions set forth in this Agreement, and in accordance with the NRS and VLLCA,
at the Effective Time: (a) Company will merge with and into Merger Sub; (b) the separate existence of Company will cease; and (c) Merger
Sub will continue its existence under the NRS as the surviving entity in the Merger and a Subsidiary of Buyer (sometimes referred to
herein as the “Surviving Entity”).

 

Section
2.2 Closing. Upon the terms and subject to the conditions set forth herein, the closing of the Merger (the “Closing”)
will take place at 5:00 p.m., Eastern Daylight Time, on August 1, 2022 or as soon as practicable thereafter (and, in any event, within
three (3) Business Days) after the satisfaction or, to the extent permitted hereunder, waiver of all conditions to the Merger set forth
in ARTICLE IX (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the satisfaction
or, to the extent permitted hereunder, waiver of all such conditions), unless this Agreement has been terminated pursuant to its terms
or unless another time or date is agreed to in writing by the Buyer and the Sellers’ Representative (such date, the “Closing
Date”). The Closing shall take place remotely by exchange of documents and signatures (or their electronic counterparts), unless
another place is agreed to in writing by the parties hereto.

 

Section
2.3 Closing Deliverables.

 

(a)
At the Closing, the Company shall deliver to Buyer the following:

 

(i)
a certificate, dated the Closing Date and signed by a duly authorized officer of the Company, setting forth (x) the amounts of all Indebtedness
outstanding immediately prior to the Closing Date and identifying the holders of such Indebtedness and (y) the amounts of all Expenses
of the Company outstanding (subject to Section 11.6) immediately prior to the Closing Date and identifying the payee of such Expenses
(the “Closing Certificate”);

 

(ii)
a certificate, dated the Closing Date and signed by a duly authorized officer of the Company, that each of the conditions set forth in
Section 9.1(a) and Section 9.1(b) have been satisfied;

 

(iii)
a certificate of the Secretary of the Company certifying that (A) attached thereto are true and complete copies of (1) all resolutions
adopted by Company Action authorizing the execution, delivery and performance of this Agreement and the consummation of the transactions
contemplated hereby and (2) resolutions adopted by Company Action approving the Merger and adopting this Agreement, and (B) all such
resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby
and thereby;

 

(iv)
a certificate of the Secretary of the Company certifying the names and signatures of the officers of the Company authorized to sign this
Agreement and the other documents to be delivered by the Company hereunder;

 

(v)
a good standing certificate (or its equivalent) from the State Corporation Commission for the Commonwealth of Virginia; and

 

(vi)
the Ancillary Documents and such other documents or instruments as the Buyer reasonably requests and are reasonably necessary to consummate
the transactions contemplated by this Agreement.

 

    	13

    	 

    

 

(b)
At the Closing, Buyer shall deliver to Sellers or Company, as specified herein, the following:

 

(i)
the Initial Cash Consideration;

 

(ii)
evidence (reasonably satisfactory to the Sellers’ Representative) that the Initial Stock Consideration has been issued and delivered
pursuant to Section 3.2(b);

 

a
certificate, dated the Closing Date and signed by a duly authorized officer of Buyer, that each of the conditions set forth in Section
9.2(a) and Section 9.2(b) have been satisfied;

 

(iii)
a certificate of the Secretary of Buyer and Merger Sub certifying that attached thereto are true and complete copies of all resolutions
adopted by the board of directors of Buyer and Merger Sub authorizing the execution, delivery and performance of this Agreement and the
Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full
force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby;

 

(iv)
a certificate of the Secretary of Buyer and Merger Sub certifying the names and signatures of the officers of Buyer and Merger Sub authorized
to sign this Agreement, the Ancillary Documents and the other documents to be delivered hereunder and thereunder; and

 

(v)
the Ancillary Documents and such other documents or instruments as the Company reasonably requests and are reasonably necessary to consummate
the transactions contemplated by this Agreement.

 

(c)
At the Closing, Buyer shall deliver by wire transfer of immediately available funds to each holder of the Indebtedness set forth on the
Closing Certificate the portion of the Indebtedness Payoff Amount required to pay off in full such holder’s Indebtedness.

 

(d)
At the Closing, Buyer shall deliver by wire transfer of immediately available funds to each payee of the Expenses of the Company, the
applicable amount set forth in the Closing Certificate.

 

Section
2.4 Effective Time. Subject to the provisions of this Agreement, at the Closing, Company, Buyer, and Merger Sub will cause articles
of merger (the “Articles of Merger”) to be executed, acknowledged, and filed with the Secretary of State of Nevada
and the State Corporation Commission for the Commonwealth of Virginia in accordance with the relevant provisions of the NRS and VLLCA,
respectively, and shall make all other filings or recordings required under the NRS and VLLCA, in each case in such form as is reasonably
satisfactory to each party. The Merger will become effective at such time as the Articles of Merger has been duly filed with and accepted
by the Secretary of State of the State of Nevada and the State Corporation Commission for the Commonwealth of Virginia or at such later
date or time as may be agreed by Company and Buyer in writing and specified in the Articles of Merger in accordance with the NRS and
the VLLCA (the effective time of the Merger being hereinafter referred to as the “Effective Time”).

 

Section
2.5 Effects of the Merger. The Merger shall have the effects set in this Agreement and in the applicable provisions of the NRS
and VLLCA. Without limiting the generality of the foregoing, and subject thereto, from and after the Effective Time, all property, rights,
privileges, immunities, powers, franchises, licenses, and authority of Company shall vest in the Surviving Entity, and all debts, liabilities,
obligations, restrictions, and duties of each of Company shall become the debts, liabilities, obligations, restrictions, and duties of
the Surviving Entity.

 

    	14

    	 

    

 

Section
2.6 Certificate of Formation; Operating Agreement. At the Effective Time: (a) the certificate of formation of the Surviving Entity
shall be amended and restated so as to read in its entirety as set forth in Exhibit A, and, as so amended and restated, shall
be the certificate of formation of the Surviving Entity until thereafter amended in accordance with the terms thereof and applicable
Law; and (b) the operating agreement of Merger Sub as in effect immediately prior to the Effective Time shall be the operating agreement
of the Surviving Entity, except that references to Merger Sub’s name shall be replaced with references to “Brightline Interactive,
LLC” until thereafter amended in accordance with the terms thereof, the certificate of formation of the Surviving Entity, and applicable
Law.

 

ARTICLE
III

Effect of the Merger; PURCHASE PRICE

 

Section
3.1 Effect of the Merger on Membership Interests. At the Effective Time, as a result of the Merger and without any action on the
part of Buyer, Merger Sub, or Company or the holder of any capital stock or equity interests of Buyer, Merger Sub, or Company, each Company
Membership Unit that is issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive,
without interest for each Company Membership Unit:

 

(a)
(x) a number of validly issued, fully paid and non-assessable shares of Buyer Stock, equal to the Initial Stock Consideration divided
by the Fully Diluted Amount and (y) the Initial Per Unit Cash Consideration; and

 

(b)
the right to receive Earnout Consideration, in accordance with Section 3.2(c).

 

Section
3.2 Purchase Price. The aggregate purchase price for the Company Membership Units shall be up to $32,500,000, subject to adjustment
pursuant to Section 3.2(a) and Section 3.3, comprised of Initial Cash Consideration, Initial Stock Consideration, and Earnout
Consideration as set forth in this Section 3.2 (“Purchase Price”). Subject to the effectiveness of the Merger,
the Buyer shall deliver the following consideration:

 

(a)
Initial Cash Consideration. At Closing, Buyer shall pay a total of $3,000,000, plus the Closing Adjustment, plus
the aggregate amount of Company Cash, less the total amount of Indebtedness set forth in the Closing Certificate (the “Indebtedness
Payoff Amount”), less the total amount of Expenses set forth in the Closing Certificate (“Initial Cash Consideration”),
to the Sellers, in accordance with their Pro Rata Portion, by wire transfer of immediately available funds in the amounts and in accordance
with the wire transfer instructions on Schedule 3.2(a) attached hereto (or such other instructions provided by a Seller to Buyer
within three (3) Business Days of the Closing Date); and

 

(b)
Initial Stock Consideration. At the Closing, Buyer shall deliver the Initial Stock Consideration to each of the Sellers in the
amounts and in accordance with the account instructions set forth in Schedule 3.2(b) (or such other instructions provided by a
Seller to Buyer within three (3) Business Days of the Closing Date), and shall cause its transfer agent to record a book entry evidencing
the issuance of the Initial Stock Consideration in the name of such Sellers. At or prior to Closing, each of the Sellers agrees to execute
a lock-up agreement, substantially in the form attached hereto as Exhibit B (“Sellers Lock-Up Agreement”).

 

(c)
Earnout Consideration. During the three years after the Closing Date, as consideration for the Company Membership Units, Buyer
shall pay to the Sellers, in accordance with their Pro Rata Portion, certain cash and stock earnout payments as provided for in this
Section 3.2(c) (collectively, the “Earnout Consideration”).

 

    	15

    	 

    

 

(i)
Earnout Cash. At any time during the Third Earnout Period, calculated quarterly, on a cumulative basis, when Recognized Revenue
totals (x) at least $7,000,000 (in the aggregate), $10,000,000 (in the aggregate), or $12,500,000 (in the aggregate) (each a “First
Cash Revenue Target”), Sellers shall receive, in accordance with their Pro Rata Portion, $1,500,000 for meeting each such First
Cash Revenue Target (each a “First Earnout Cash Payment”), (y) at least $28,500,000 (in the aggregate) (the “Second
Cash Revenue Target”), Sellers shall receive, in accordance with their Pro Rata Portion, $2,500,000 for meeting such Second
Cash Revenue Target (the “Second Earnout Cash Payment”) and (z) at least $35,000,000 (in the aggregate) (the “Third
Cash Revenue Target” and, together with the First Cash Revenue Target and Second Cash Revenue Target, the “Cash Revenue
Targets”), Sellers shall receive, in accordance with their Pro Rata Portion, $5,000,000 for meeting such Third Cash Revenue
Target (the “Third Earnout Cash Payment” and, together with the First Earnout Cash Payment and Second Earnout Cash
Payment, the “Earnout Cash Payments”), in each case, promptly after exceeding the applicable Cash Revenue Target,
by wire transfer of immediately available funds in the amounts and in accordance with the wire transfer instructions on Schedule 3.2(a)
attached hereto (or such other instructions provided by a Seller to Buyer within three (3) Business Days of the applicable distribution)
(provided, that, for the avoidance of doubt, Sellers shall receive in aggregate $12,000,000 in cash pursuant to this Section
3.2(c)(i) in the event that Recognized Revenue equals at least $35,000,000 at any time during the Third Earnout Period). Within thirty
(30) days after the end of such quarterly periods, Sellers’ Representative may submit written notice to Buyer requesting Buyer’s
calculation of the Recognized Revenue as of such period, which Buyer shall promptly provide after receipt of such request (the “Quarterly
Notice”).

 

(ii)
Earnout Stock. Sellers shall receive, in accordance with their Pro Rata Portion to each of Sellers’ brokerage accounts in
accordance with the account instructions in Schedule 3.2(b) attached hereto (or such other instructions provided by a Seller to
Buyer within three (3) Business Days of the applicable issuance date), an amount of Earnout Stock in the event (and in each instance)
that any of the following Stock Revenue Targets are achieved: the First Stock Revenue Target at any time during the First Earnout Period,
the Second Stock Revenue Target at any time during the Second Earnout Period and the Third Stock Revenue Target at any time during the
Third Earnout Period (provided, that, for the avoidance of doubt, Sellers shall receive in aggregate three separate amounts of
Earnout Stock in the event that each of the Stock Revenue Targets is achieved).

 

A.
In the event that (i) the First Stock Revenue Target is not achieved during the First Earnout Period, but a subsequent Stock Revenue
Target is achieved during its applicable Earnout Period or (ii) the Second Revenue Target is not achieved during the Second Earnout Period,
but a subsequent Stock Revenue Target is achieved during its applicable Earnout Period, then, promptly upon the end of the subsequent
applicable Earnout Period, Sellers shall receive, in accordance with their Pro Rata Portion to each of Sellers’ brokerage accounts
in accordance with the account instructions in Schedule 3.2(b) attached hereto (or such other instructions provided by a Seller
to Buyer within three (3) Business Days of the applicable issuance date), an amount of Earnout Stock for the First Earnout Period and/or
the Second Earnout Period, as applicable (with the 30-Day VWAP as measured as of the final day of such subsequent Earnout Period).

 

B.
Buyer shall continue to reserve and keep available at all times, free of Liens and preemptive rights, a sufficient number of shares of
Buyer Stock for the purpose of enabling Buyer to issue the Buyer Stock Consideration pursuant to this Agreement.

 

    	16

    	 

    

 

(iii)
Earnout Notice. Within thirty (30) days after the expiration of each Earnout Period, Buyer will provide the Sellers’ Representative
with written notice (each, an “Earnout Notice”) setting forth: (i) Buyer’s calculation of the Recognized Revenue
for the applicable Earnout Period; and (ii) whether any applicable Earnout Consideration was earned during the applicable Earnout Period
(collectively, the “Earnout Calculations”). If an Earnout Notice is not so timely delivered, then the Sellers’
Representative shall be permitted, within fifteen (15) calendar days after such 30th day, to prepare and deliver a written notice setting
forth the Earnout Calculations (each, a “Seller Earnout Notice”). In the event that the Sellers’ Representative
delivers to Buyer a Seller Earnout Notice within such fifteen (15) calendar day period, Buyer will have fifteen (15) calendar days to
review such Seller Earnout Notice. If Buyer provides written notice to the Sellers’ Representative setting forth its objections
to the calculations included in the Seller Earnout Notice, together with supporting documentation relating thereto, within such fifteen
(15) calendar day period, then such disputed itemized amounts shall be resolved in accordance with the procedures set forth in Section
3.2(c)(v), mutatis mutandis. Unless Buyer delivers written notice to the Sellers’ Representative on or prior to the fifteenth
(15th) calendar day after Buyer’s receipt of the Seller Earnout Notice, Buyer will be deemed to have accepted and agreed to the
Seller Earnout Notice and the calculations contained therein will be deemed final, conclusive and binding on the parties hereto.

 

(iv)
Sellers’ Review; Earnout Objection Notice. Upon the receipt by Sellers’ Representative of an Earnout Notice, Sellers’
Representative shall have thirty (30) days to review the Earnout Notice and may have the same verified by its accountants; provided,
that such thirty (30) day period shall be tolled by one (1) day for each day (or part thereof) that Buyer fails to provide the access
required by this Section 3.2(c)(iv). Sellers’ Representative will be entitled to perform reasonable procedures (including
review of the accounting records of the Surviving Entity and Buyer or any of its Subsidiaries, as applicable, supporting such calculations
and other materials as he may reasonably request) and to take other reasonable steps to confirm that the amount of the Earnout Calculations
for the applicable Earnout Period set forth in the Earnout Notice has been prepared in accordance with the terms of this Agreement.

 

A.
If Sellers’ Representative has an objection to the calculation of the Earnout Calculations set forth in an Earnout Notice, then
within thirty (30) days of receipt of such Earnout Notice (the “Earnout Objection Period”), Sellers’ Representative
shall deliver to Buyer a written statement (the “Earnout Objection Notice”) setting forth the component or components
of the Earnout Notice that are in dispute, the basis of such dispute and, if known, the amount proposed as an adjustment. Sellers’
Representative and Buyer shall in good faith attempt to resolve any such dispute and, if the parties so resolve all such disputes, then
the calculation of the Earnout Calculations set forth in the Earnout Notice for the applicable Earnout Period as resolved by the parties,
shall be conclusive and binding on the parties upon written acknowledgement of such resolution.

 

B.
The failure of Sellers’ Representative to deliver an Earnout Objection Notice within the Earnout Objection Period shall constitute
the acceptance by Sellers of the calculations and determinations made by Buyer as set forth in the Earnout Notice, whereupon such amounts
shall be final, binding and conclusive for all purposes hereunder.

 

(v)
Earnout Referee. If Sellers’ Representative and Buyer fail to resolve all of the items in dispute within thirty (30) days
after Sellers’ Representative’s delivery of the Earnout Objection Notice to Buyer (or such longer period as they may mutually
agree in writing), then Buyer or Sellers’ Representative may elect to submit any remaining disputed items to an Independent Accountant
(the “Earnout Referee”) and who shall be retained to review promptly the Earnout Calculations set forth in the Earnout
Notice and the disputed items or amounts; provided, however, that if Buyer and Sellers’ Representative are unable
to mutually agree on an Earnout Referee within five (5) Business Days after Buyer or Sellers’ Representative elects to initiate
the dispute resolution procedures hereunder, then each of Buyer and Sellers’ Representative shall designate an independent third-party
accounting firm and such designees shall promptly (and in any event within ten (10) days) select an individual to act as the Earnout
Referee.

 

    	17

    	 

    

 

A.
If any disputed items are referred to the Earnout Referee, the parties shall cooperate in good faith with the determination process and
the Earnout Referee’s requests for information, including providing the Earnout Referee with information as promptly as practicable
after its request therefor. Each party shall be entitled to receive copies of all materials provided by the other to the Earnout Referee
in connection with the determination process. In making its determination on the disputed items, the Earnout Referee shall make such
determinations (i) only in accordance with the standards set forth in this Agreement, (ii) only with respect to the disputed items submitted
to the Earnout Referee and no other items and (iii) where the result of the Earnout Referee’s determination for such disputed item
is neither greater then nor less than the amounts presented by the parties to the Earnout Referee with respect to the item in dispute.
The fees, costs and expenses of the Earnout Referee shall be allocated to and borne by Buyer, on the one hand, and the Sellers’
Representative on behalf of Sellers, on the other hand, based on the inverse of the percentage that the Earnout Referee’s determination
(before such allocation) bears to the total amount of all disputed items as originally submitted to the Earnout Referee. For example,
should the disputed items total in amount to one thousand dollars ($1,000) and the Earnout Referee awards six hundred dollars ($600)
in favor of the Sellers’ Representative’s position, sixty percent (60%) of the costs of its review would be borne by Buyer
and forty percent (40%) of the costs would be borne by the Sellers’ Representative, on behalf of Sellers. The determination of
the Earnout Referee shall be final, conclusive and binding on the parties, absent manifest error. The parties shall instruct the Earnout
Referee to provide its determination in writing to the parties within thirty (30) days of the date it is engaged on such project. Neither
party shall have any ex parte conversations or meetings with the Earnout Referee without the prior written consent of the other party.

 

(vi)
The Earnout Calculations for the applicable Earnout Period, and the earning of the applicable Earnout Consideration therefrom, either
as accepted or deemed to have been accepted by Sellers or as adjusted and resolved in the manner provided in Section 3.2(c), shall
fix the Earnout Calculations for the applicable Earnout Period and the earning of the Earnout Consideration determined therefrom. Each
party shall bear its own expenses, including its accountants, in connection with the preparation, review, dispute (if any) and final
determination of the Earnout Calculations for the applicable Earnout Period, and the earning of any Earnout Consideration calculated
therefrom.

 

(vii)
Payment Distribution. Within ten (10) Business Days after the date that is the later of (i) the acceptance of the Earnout Notice
or Seller Earnout Notice or (ii) a determination is made in accordance with Section 3.2(c), Buyer shall distribute the requisite
Earnout Consideration provided for in Section 3.2(c)(i) (Earnout Cash) and Section 3.2(c)(ii) (Earnout Stock);
provided, that, in the event that Buyer delivers a Quarterly Notice which provides that a Cash Revenue Target has been met, Buyer
shall distribute the requisite Earnout Cash Payment within ten (10) Business Days after the date of such Quarterly Notice.

 

(viii)
Post-Closing Operation. The Parties agree that Buyer’s executive officers and board of directors have a fiduciary duty to
all of its shareholders and, as such, will at all times retain the right to manage and make decisions in a manner that is in the best
interests of Buyer’s shareholders. Within that constraint, during the Earnout Period, Buyer shall not, and shall cause each of
its controlled Affiliates not to:

 

A.
actively divert any revenue generating opportunity away from the Surviving Entity to Buyer or any of its other Affiliates or Subsidiaries,
unless all such revenue is included as Recognized Revenue;

 

    	18

    	 

    

 

B.
take any actions reasonably likely to prevent the Surviving Entity from meeting any Earnout Revenue Target (including depriving the Surviving
Entity of sufficient personnel, technical or financial resources reasonably required for the Surviving Entity to meet all Earnout Revenue
Targets; provided that, for the avoidance of doubt, through December 31, 2023, Buyer shall provide at least an amount of capital (the
“Minimum Capital Amounts”) to the Surviving Entity consistent with the budget of the Surviving Entity set forth on
Schedule 3.2 (“Brightline Budget”); provided, further, that, in the event that the Surviving Entity does not
achieve the applicable revenue amounts set forth in the Brightline Budget (the “Revenue Amounts”) for two consecutive
fiscal quarters (any such shortfall amount, a “Revenue Shortfall Amount”), Buyer may review and reasonably reduce
the Minimum Capital Amounts, so long as such reduction is proportionately consistent with the extent to which the applicable Revenue
Shortfall Amounts are less than the applicable Revenue Amounts);

 

C.
take any actions reasonably likely to inhibit Buyer’s ability to deliver the Earnout Consideration; and

 

D.
terminate Tyler Gates from the role of General Manager (or equivalent position) of the Surviving Entity in order to inhibit the Surviving
Entity from meeting any Earnout Revenue Target.

 

In
the event that Buyer materially breaches any of the foregoing provisions (A)-(D), which is not cured within thirty (30) days after written
notice of such breach delivered to Buyer, then (1) all Earnout Cash Payments shall be paid to Sellers, in accordance with their Pro Rata
Portion, regardless of the performance of the underlying Earnout Revenue Targets and (2) all unissued Earnout Stock shall be issued in
accordance with their Pro Rata Portion to Sellers, regardless of the performance of the underlying Earnout Revenue Targets, promptly
after the expiration of such cure period.

 

(ix)
Sale of Buyer; Sale of Surviving Entity or Spinout. At any time prior to the payment of all Earnout Consideration to Sellers under
this Section 3.2(c) (or a final determination that no further Earnout Consideration may be payable to Sellers), in the event of:

 

A.
a Change in Control of Buyer, (1) all Earnout Cash Payments (other than the Earnout Cash Payments with respect to the Second Cash Revenue
Target and the Third Cash Revenue Target) shall be paid to Sellers, in accordance with their Pro Rata Portion, regardless of the performance
of the underlying Earnout Revenue Targets, upon consummation of such transaction, (2) all earned but unissued Earnout Stock shall be
issued in accordance with their Pro Rata Portion to Sellers, prior to the consummation of such transaction, and (3) unmet Stock Revenue
Targets and the Second Cash Revenue Target and the Third Cash Revenue Target shall survive and Buyer shall make provision for its acquiror
or successor to assume and succeed to such obligations of Buyer in respect of such Earnout Revenue Targets, on the same terms and conditions
set forth herein; and

 

B.
a Change in Control of the Surviving Entity or an IPO, (1) all Earnout Cash Payments shall be paid to Sellers, in accordance with their
Pro Rata Portion, regardless of the performance of the underlying Earnout Revenue Targets and (2) all unissued Earnout Stock shall be
issued in accordance with their Pro Rata Portion to Sellers, regardless of the performance of the underlying Earnout Revenue Targets,
in each case upon consummation of such transaction or IPO.

 

(d)
Withholding Rights. Each of Buyer, Merger Sub, and the Surviving Entity shall be entitled to deduct and withhold from the consideration
otherwise payable to any Person pursuant to this ARTICLE III such amounts as may be required to be deducted and withheld with
respect to the making of such payment under any Tax Laws and to pay such deducted or withheld amounts to the appropriate Governmental
Entity or other taxing authority. Prior to withholding or deducting any amounts, the Buyer, Merger Sub, or the Surviving Entity shall
provide notice of such intention to withhold and shall permit the recipient to take reasonable steps to eliminate or mitigate any such
withholding or deduction. To the extent that amounts are so deducted and withheld by the Buyer, Merger Sub, or the Surviving Entity,
as the case may be, such amounts shall be treated for all purposes of this Agreement as having been paid to the Person in respect of
which Buyer, Merger Sub, or the Surviving Entity, as the case may be, made such deduction and withholding.

 

    	19

    	 

    

 

Section
3.3 Purchase Price Adjustment.

 

(a)
Closing Adjustment.

 

(i)
At least five (5) Business Days before the Closing, Company shall prepare and deliver to Buyer a statement setting forth its good faith
estimate of Closing Working Capital (the “Estimated Closing Working Capital”), which statement shall contain an estimated
balance sheet of the Company as of the Closing Date (without giving effect to the transactions contemplated herein), a calculation of
Estimated Closing Working Capital (the “Estimated Closing Working Capital Statement”), and a certificate executed
by an officer of Company stating that the Estimated Closing Working Capital Statement was prepared in accordance with the same accounting
methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies
(including with respect to reserves) that were used in the preparation of the Interim Financial Statements; provided, that, notwithstanding
the foregoing, and solely for the purposes of calculating the amount of Estimated Closing Working Capital, the Estimated Closing Working
Capital Statement (but not, for the avoidance of doubt, the Closing Working Capital Statement) shall include an additional $40,000 as
a Current Liability of the Company (the “Additional Liability”).

 

(ii)
The “Closing Adjustment” shall be an amount equal to the Estimated Closing Working Capital minus the Target Working
Capital. For the avoidance of doubt, (i) if the Closing Adjustment is a positive number, the Initial Cash Consideration shall be increased
by the amount of the Closing Adjustment and (ii) if the Closing Adjustment is a negative number, the Initial Cash Consideration shall
be reduced by the absolute value of the amount of the Closing Adjustment, in each case pursuant to Section 3.2(a).

 

(b)
Post-Closing Adjustment.

 

(i)
Within 180 days after the Closing Date, Buyer shall prepare and deliver to Seller a statement setting forth its good faith calculation
of Closing Working Capital (which shall not include, for the avoidance of doubt, the Additional Liability), which statement shall contain
an audited balance sheet of the Company as of the Closing Date (without giving effect to the transactions contemplated herein), a calculation
of Closing Working Capital (the “Closing Working Capital Statement”) and a certificate executed by the Chief Financial
Officer of Buyer stating that the Closing Working Capital Statement was prepared in accordance with GAAP applied using the same accounting
methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies
(including with respect to reserves) that were used in the preparation of the Interim Financial Statements. If the Closing Working Capital
Statement is not so timely delivered, then the Sellers’ Representative shall be permitted, within fifteen (15) calendar days after
such 180th day, to prepare and deliver a written notice to Buyer setting forth the itemized amounts, if any, included in the Estimated
Closing Working Capital calculation that, after giving effect to the Closing, the Sellers’ Representative disputes (such itemized
amounts, the “Sellers’ Representative Disputed Amounts” and such notice, together with the calculations contained
therein, the “Sellers’ Representative Closing Notice”). If the Sellers’ Representative does not deliver
such Sellers’ Representative Closing Notice on or prior to such fifteenth (15th) calendar day, then the Estimated Closing Working
Capital will be deemed final for all purposes of this Agreement. In the event that the Sellers’ Representative delivers to Buyer
such Sellers’ Representative Closing Notice within such fifteen (15) calendar day period, Buyer will have fifteen (15) calendar
days to review the Sellers’ Representative Closing Notice. If Buyer provides written notice to the Sellers’ Representative
setting forth the itemized amounts, if any, included in the Sellers’ Representative Disputed Amounts to which Buyer objects, together
with supporting documentation relating thereto, within such fifteen (15) calendar day period, then such disputed itemized amounts (but
not any other amounts) shall be resolved in accordance with the procedures set forth in Section 3.3(c) mutatis mutandis. Unless
Buyer delivers written notice to the Sellers’ Representative on or prior to the fifteenth (15th) calendar day after Buyer’s
receipt of the Sellers’ Representative Closing Notice, Buyer will be deemed to have accepted and agreed to the Sellers’ Representative
Closing Notice and such statement (and the calculations contained therein) will be final for all purposes of this Agreement.

 

    	20

    	 

    

 

(ii)
The post-closing adjustment shall be an amount equal to the Closing Working Capital minus the Estimated Closing Working Capital (the
“Post-Closing Adjustment”). If the Post-Closing Adjustment is a positive number, Buyer shall pay to Sellers’
Representative (on behalf of Sellers) an amount equal to the Post-Closing Adjustment. If the Post-Closing Adjustment is a negative number,
Sellers, severally and not jointly and in accordance with their Pro Rata Portion, shall pay to Buyer the absolute value of the amount
equal to the Post-Closing Adjustment.

 

(c)
Examination and Review

 

(i)
Examination. After receipt of the Closing Working Capital Statement, Sellers’ Representative shall have thirty (30) days
(the “Review Period”) to review the Closing Working Capital Statement. During the Review Period, Sellers’ Representative
and its accountants shall have full access to the relevant books and records of Company and Buyer, the personnel of, and work paper prepared
by Buyer and/or Buyer’s accountants to the extent that they relate to the Closing Working Capital Statement and to such historical
financial information (to the extent in Buyer’s possession) relating to the Closing Working Capital Statement as Sellers’
Representative may reasonably request for the purpose of reviewing the Closing Working Capital Statement and to prepare a Statement of
Objections (defined below), provided that such access shall be in a manner that does not interfere with the normal business operations
of Buyer.

 

(ii)
Objection. On or prior to the last day of the Review Period, Sellers’ Representative may object to the Closing Working Capital
Statement by delivering to Buyer a written statement setting forth Sellers’ Representative’s objections in reasonable detail,
indicating each disputed item or amount and the basis for Sellers’ Representative’s disagreement therewith (the “Statement
of Objections”). If Sellers’ Representative fails to deliver the Statement of Objections before the expiration of the
Review Period, the Closing Working Capital Statement and the Post-Closing Adjustment, as the case may be, reflected in the original Closing
Working Capital Statement delivered by Buyer shall be deemed to have been accepted by Sellers. If Sellers’ Representative delivers
the Statement of Objections before the expiration of the Review Period, within thirty (30) days after the delivery of the Statement of
Objections (the “Resolution Period”), Buyer’s accountant and the Sellers’ Representative’s accountant
shall cooperate in good faith (under supervision of Buyer and Sellers’ Representative) to review and resolve any disputes or objections
and if the Statement of Objection is so resolved within the Resolution Period, the Post-Closing Adjustment and the Closing Working Capital
Statement shall be modified to comply with such resolved and agreed changes as are agreed in writing by Buyer and Sellers’ Representative
whereupon such adjusted Post-Closing Adjustment being final, binding and conclusive on all parties.

 

(iii)
Resolution of Disputes. If Sellers’ Representative and Buyer fail to reach an agreement with respect to all of the matters
set forth in the Statement of Objections before the expiration of the Resolution Period, then any amounts remaining in dispute (“Disputed
Amounts” and any amounts not so disputed, the “Undisputed Amounts”) shall be submitted for resolution to
the Independent Accountant who, acting as experts and not arbitrators, shall resolve the Disputed Amounts only and make any adjustments
to the Post-Closing Adjustment, as the case may be, and the Closing Working Capital Statement. The parties hereto agree that all adjustments
shall be made without regard to materiality. The Independent Accountant shall only decide the specific items under dispute by the parties
and their decision for each Disputed Amount must be within the range of values assigned to each such item in the Closing Working Capital
Statement and the Statement of Objections, respectively.

 

    	21

    	 

    

 

(iv)
Fees of the Independent Accountant. The fees, costs and expenses of the Independent Accountant shall be allocated to and borne
by Buyer, on the one hand, and the Sellers’ Representative on behalf of Sellers, on the other hand, based on the inverse of the
percentage that the Independent Accountant’s determination (before such allocation) bears to the total amount of all disputed items
as originally submitted to the Independent Accountant. For example, should the disputed items total in amount to one thousand dollars
($1,000) and the Independent Accountant awards six hundred dollars ($600) in favor of the Sellers’ Representative’s position,
sixty percent (60%) of the costs of its review would be borne by Buyer and forty percent (40%) of the costs would be borne by the Sellers’
Representative, on behalf of Sellers.

 

(v)
Determination by Independent Accountant. The Independent Accountant shall make a determination (by delivery of a written report
to Buyer and Sellers’ Representative) as soon as practicable within thirty (30) days (or such other time as the parties hereto
shall agree in writing) after their engagement, and their resolution of the Dispute Amounts and their adjustments to the Closing Working
Capital Statement and/or the Post-Closing Adjustment shall be conclusive and binding upon the parties hereto (absent manifest error).

 

(d)
Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment shall (a)
be due (x) within ten (10) Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed
Amounts, then within ten (10) Business Days of the resolution described in clause (v) above; and (b) be paid by wire transfer of immediately
available funds to such account as is directed by Buyer or Sellers’ Representative, as the case may be.

 

(e)
Treatments for Tax Purposes. Any payments made pursuant to Section 3.3 shall be treated as an adjustment to the Purchase
Price by the Parties for Tax purposes, unless otherwise required by Law.

 

Section
3.4 U.S. Tax Matters. For U.S. federal income Tax purposes, it is intended that the Merger qualify as a “reorganization”
within the meaning of Section 368(a) of the Code, and the regulations promulgated thereunder, that this Agreement will constitute a “plan
of reorganization” for purposes of Sections 354, 361 and 368 of the Code and the Treasury Regulations promulgated thereunder. Each
Party agrees to treat the Merger as a reorganization within the meaning of Section 368(a) of the Code for all U.S. federal income Tax
purposes, to treat this Agreement as a “plan of reorganization” within the meaning of Sections 354, 361 and 368 of the Code
and the Treasury Regulations promulgated thereunder, and to not take any position on any Tax Return or otherwise take any Tax reporting
position inconsistent with such treatment. Within 45 days after the Effective Date, Buyer shall complete and post on its website an IRS
Form 8937 reporting the Merger as a Tax-deferred reorganization under Section 368(a) of the Code. Each Party agrees to act in good faith,
consistent with the intent of the Parties and the intended treatment of the Merger as set forth herein and to use commercially reasonable
efforts to not take any action, or knowingly fail to take any action, if such action or failure to act would reasonably be expected to
prevent the Merger from qualifying as a reorganization within the meaning of Section 368(a) of the Code. Neither Party makes any representation,
warranty, or covenant to the other Party, or to any holder of Company Membership Units or holder of shares of Buyer Stock or any other
Person regarding the United States federal income Tax treatment of the Merger including, but not limited to, whether the Merger will
qualify as a reorganization within the meaning of Section 368(a) of the Code or as a Tax-deferred transaction for purposes of any United
States state or local income Tax Law.

 

    	22

    	 

    

 

ARTICLE
IV

Representations and Warranties of Company

 

Except
as set forth in the Company Disclosure Letter, dated as of the date of this Agreement and delivered by Company to Buyer concurrently
with the execution of this Agreement, Company hereby represents and warrants to Buyer and Merger Sub as follows:

 

Section
4.1 Organization; Standing and Power; Charter Documents; Subsidiaries.

 

(a)
Organization; Standing and Power. Company is a limited liability company duly organized, validly existing, and in good standing
under the Laws of the Commonwealth of Virginia, and has the requisite limited liability company power and authority to own, lease, and
operate its assets and to carry on its business as now conducted. The Company is duly qualified or licensed to do business as a foreign
corporation, limited liability company, or other legal entity and is in good standing (to the extent that the concept of “good
standing” is applicable in the case of any jurisdiction outside the United States) in each jurisdiction where the character of
the assets and properties owned, leased, or operated by it or the nature of its business makes such qualification or license necessary,
except where the failure to be so qualified or licensed or to be in good standing, would not reasonably be expected to have, individually
or in the aggregate, a Company Material Adverse Effect.

 

(b)
Charter Documents. The copies of the Charter Documents of Company as made available to Buyer are true, correct, and complete copies
of such documents as in effect as of the date of this Agreement. The Company is not in violation of any of the provisions of its Charter
Documents.

 

(c)
Subsidiaries. There are no Subsidiaries of the Company as of the date hereof.

 

Section
4.2 Capital Structure.

 

(a)
Company Membership Units. The Company has authorized the issuance of 200 membership units, representing 100% of the membership
interests in the Company (the “Company Membership Units”), all of which are issued and outstanding and held by the
Sellers collectively. As of the date hereof, (i) the Company Membership Interests are held by the Sellers as set forth on Section 4.2(a)(i)
of Company Disclosure Letter and (ii) all of the Company Membership Units are issued, outstanding and held by the Sellers. All of the
issued and outstanding Company Membership Units are duly authorized and validly issued and are fully paid, nonassessable and not subject
to or in violation of any preemptive or similar rights of any Person.

 

(b)
Voting Debt. No bonds, debentures, notes, or other indebtedness issued by Company: (i) having the right to vote on any matters
on which members may vote (or which is convertible into, or exchangeable for, membership units having such right); or (ii) the value
of which is directly based upon or derived from membership units or other ownership interests of Company, are issued or outstanding (collectively,
“Voting Debt”).

 

Section
4.3 Authority; Non-Contravention; Governmental Consents; Board Approval.

 

(a)
Authority. Company has all requisite power and authority to enter into and to perform its obligations under this Agreement and,
subject to, in the case of the consummation of the Merger, adoption of this Agreement by the affirmative vote or consent of the holders
of a majority of the outstanding Company Membership Units (the “Requisite Company Vote”), to consummate the transactions
contemplated by this Agreement. The execution and delivery of this Agreement by Company and the consummation by Company of the transactions
contemplated hereby have been duly authorized by all necessary action on the part of Company and no other company proceedings on the
part of Company are necessary to authorize the execution and delivery of this Agreement or to consummate the Merger and the other transactions
contemplated hereby, subject only, in the case of consummation of the Merger, to the receipt of the Requisite Company Vote. The Requisite
Company Vote is the only vote or consent of the holders of any class or series of Company’s equity interests necessary to approve
and adopt this Agreement, approve the Merger, and consummate the Merger and the other transactions contemplated hereby. This Agreement
has been duly executed and delivered by Company and, assuming due execution and delivery by Buyer and Merger Sub, constitutes the legal,
valid, and binding obligation of Company, enforceable against Company in accordance with its terms, except as such enforceability may
be limited by bankruptcy, insolvency, moratorium, and other similar Laws affecting creditors’ rights generally and by general principles
of equity.

 

    	23

    	 

    

 

(b)
Non-Contravention. The execution, delivery, and performance of this Agreement by Company, and the consummation by Company of the
transactions contemplated by this Agreement, including the Merger, do not and will not: (i) subject to obtaining the Requisite Company
Vote, contravene or conflict with, or result in any violation or breach of, the Charter Documents of Company; (ii) assuming that all
Consents contemplated by clauses (i) through (v) of Section 4.3(c) have been obtained or made and, in the case of the consummation
of the Merger, obtaining the Requisite Company Vote, conflict with or violate any Law applicable to Company or any of its respective
properties or assets; (iii) result in any breach of or constitute a default (or an event that with notice or lapse of time or both would
become a default) under, result in Company’s loss of any benefit or the imposition of any additional payment or other liability
under, or alter the rights or obligations of any third party under, or give to any third party any rights of termination, amendment,
acceleration, or cancellation, or require any Consent under, any Contract to which Company is a party or otherwise bound as of the date
hereof; or (iv) result in the creation of a Lien (other than Permitted Liens) on any of the properties or assets of Company, except,
in the case of each of clauses (ii), (iii), and (iv), for any conflicts, violations, breaches, defaults, loss of benefits, additional
payments or other liabilities, alterations, terminations, amendments, accelerations, cancellations, or Liens that, or where the failure
to obtain any Consents, in each case, would not reasonably be expected to have, individually or in the aggregate, a Company Material
Adverse Effect.

 

(c)
Governmental Consents. No consent, approval, order, or authorization of, or registration, declaration, or filing with, or notice
to (any of the foregoing being a “Consent”), any supranational, national, state, municipal, local, or foreign government,
any instrumentality, subdivision, court, administrative agency or commission, or other governmental authority, or any quasi-governmental
or private body exercising any regulatory or other governmental or quasi-governmental authority (a “Governmental Entity”)
is required to be obtained or made by Company in connection with the execution, delivery, and performance by Company of this Agreement
or the consummation by Company of the Merger and other transactions contemplated hereby, except for: (i) the filing of the Articles of
Merger with the State Corporation Commission for the Commonwealth of Virginia; (ii) the other Consents of Governmental Entities listed
in Section 4.3(c) of Company Disclosure Letter (the “Other Governmental Approvals”); and (iii) such other Consents
which if not obtained or made would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse
Effect.

 

(d)
Member Approval. The Company, by resolutions duly adopted by a unanimous vote of its members, has approved this Agreement, including
the execution, delivery, and performance thereof, and the consummation of the transactions contemplated by this Agreement, including
the Merger, upon the terms and subject to the conditions set forth herein (the “Company Action”).

 

    	24

    	 

    

 

Section
4.4 Financial Statements; Undisclosed Liabilities.

 

(a)
Financial Statements. Complete copies of Company’s unaudited consolidated financial statements consisting of the balance
sheet of Company as at fiscal year ended December 31, 2021 (“Balance Sheet Date”) and at fiscal year ended December
31, 2020 and the related statements of income and retained earnings, members’ equity and cash flow for the years then ended (the
“Year-End Financial Statements”), and unaudited financial statements consisting of the balance sheet of Company as
at March 31, 2022 and the related statements of income and retained earnings, members’ equity and cash flow for the three-month
period then ended (the “Interim Financial Statements” and, together with the Year-End Financial Statements, the “Financial
Statements”) are included in Section 4.4(a) of the Company Disclosure Letter. The Financial Statements have been prepared
in accordance with sound accounting practices and are based on the books and records of Company, which books and records are complete
and correct in all material respects and have been regularly kept and maintained. Company has established and maintains a system of internal
controls over financial reporting sufficient to provide reasonable assurance (i) regarding the reliability of Company’s financial
reporting and the preparation of the Financial Statements for external purposes, (ii) that receipts and expenditures of Company are being
made only in accordance with the authorization of Company’s management, and (iii) regarding prevention and timely detection of
the unauthorized acquisition, use or disposition of Company’s assets that could have a material effect on the Financial Statements.
The Financial Statements fairly present the financial condition of Company as of the respective dates they were prepared and the results
of the operations of Company for the periods indicated.

 

(b)
Undisclosed Liabilities. Company has no material Liabilities except (i) those which are adequately reflected or reserved against
in the Financial Statements, and (ii) those which have been incurred in the ordinary course of business consistent with past practice
since the date of the Interim Financial Statements.

 

Section
4.5 Absence of Certain Changes or Events. Since the date of the Interim Financial Statements, except in connection with the execution
and delivery of this Agreement and the consummation of the transactions contemplated hereby, there has not been or occurred any Company
Material Adverse Effect or any event, condition, change, or effect that could reasonably be expected to have, individually or in the
aggregate, a Company Material Adverse Effect.

 

Section
4.6 Taxes.

 

(a)
Tax Returns and Payment of Taxes. Company and each of its Subsidiaries have duly and timely filed or caused to be filed (taking
into account any valid extensions) all material Tax Returns required to be filed by them. Such Tax Returns are true, complete, and correct
in all material respects. Neither Company nor any of its Subsidiaries is currently the beneficiary of any extension of time within which
to file any Tax Return other than extensions of time to file Tax Returns obtained in the ordinary course of business consistent with
past practice. All material Taxes due and owing by Company or any of its Subsidiaries (whether or not shown on any Tax Return) have been
timely paid or, where payment is not yet due, Company has made an adequate provision for such Taxes in the Financial Statements.

 

(b)
Availability of Tax Returns. Company has made available to Buyer complete and accurate copies of all federal, state, local, and
foreign income, franchise, and other material Tax Returns filed by or on behalf of Company or its Subsidiaries for any Tax period ending
after December 31, 2019.

 

(c)
Withholding. Company and each of its Subsidiaries have withheld and timely paid each material Tax required to have been withheld
and paid in connection with amounts paid or owing to any Company Employee, creditor, customer, stockholder, or other party (including,
without limitation, withholding of Taxes pursuant to Sections 1441 and 1442 of the Code or similar provisions under any state, local,
and foreign Laws), and materially complied with all information reporting and backup withholding provisions of applicable Law.

 

(d)
Liens. There are no Liens for material Taxes upon the assets of Company or any of its Subsidiaries other than for current Taxes
not yet due and payable or for Taxes that are being contested in good faith by appropriate proceedings and for which adequate reserves
has been made in Company’s most recent financial statements.

 

    	25

    	 

    

 

(e)
Tax Deficiencies and Audits. No deficiency for any material amount of Taxes which has been proposed, asserted, or assessed in
writing by any taxing authority against Company or any of its Subsidiaries remains unpaid. There are no waivers or extensions of any
statute of limitations currently in effect with respect to Taxes of Company or any of its Subsidiaries. There are no audits, suits, proceedings,
investigations, claims, examinations, or other administrative or judicial proceedings ongoing or pending with respect to any material
Taxes of Company or any of its Subsidiaries.

 

(f)
Tax Jurisdictions. No claim has ever been made in writing by any taxing authority in a jurisdiction where Company and its Subsidiaries
do not file Tax Returns that Company or any of its Subsidiaries is or may be subject to Tax in that jurisdiction.

 

(g)
Tax Rulings. Neither Company nor any of its Subsidiaries has requested or is the subject of or bound by any private letter ruling,
technical advice memorandum, or similar ruling or memorandum with any taxing authority with respect to any material Taxes, nor is any
such request outstanding.

 

(h)
Change in Accounting Method. Neither Company nor any of its Subsidiaries has agreed to make, nor is it required to make, any material
adjustment under Section 481(a) of the Code or any comparable provision of state, local, or foreign Tax Laws by reason of a change in
accounting method or otherwise.

 

(i)
Post-Closing Tax Items. Company and its Subsidiaries will not be required to include any material item of income in, or exclude
any material item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result
of any: (i) “closing agreement” as described in Section 7121 of the Code (or any corresponding or similar provision of state,
local or foreign income Tax Law) executed on or prior to the Closing Date; (ii) installment sale or open transaction disposition made
on or prior to the Closing Date; (iii) prepaid amount received on or prior to the Closing Date; (iv) any income under Section 965(a)
of the Code, including as a result of any election under Section 965(h) of the Code with respect thereto; or (v) election under Section
108(i) of the Code.

 

(j)
Section 355. Neither Company nor any of its Subsidiaries has been a “distributing corporation” or a “controlled
corporation” in connection with a distribution described in Section 355 of the Code.

 

(k)
Reportable Transactions. Neither Company nor any of its Subsidiaries has been a party to, or a material advisor with respect to,
a “reportable transaction” within the meaning of Section 6707A(c)(1) of the Code and Treasury Regulations Section 1.6011-4(b).

 

(l)
The Company is not a party, or bound by, any Tax indemnity, Tax sharing or Tax allocation agreement.

 

Section
4.7 Intellectual Property.

 

(a)
Scheduled Company Owned IP. Section 4.7(a) of Company Disclosure Letter contains a true and complete list, as of the date
hereof, of all: (i) Company Owned IP that is the subject of any issuance, registration, certificate, application, or other filing by,
to or with any Governmental Entity or authorized private registrar, including patents, patent applications, trademark registrations and
pending applications for registration, copyright registrations and pending applications for registration, and internet domain name registrations
(collectively, the “Company Registered IP”), specifying as to each, as applicable: the title, mark, or design; the
record owner and inventor(s), if any; the jurisdiction by or in which it has been issued, registered, or filed; the patent, registration,
or application serial number; the issue, registration, or filing date; and the current status; (ii) material unregistered trademarks;
and (iii) all proprietary Software of Company.

 

    	26

    	 

    

 

(b)
Right to Use; Title. Company or one of its Subsidiaries is the sole and exclusive owner of all right, title, and interest in and
to Company Registered IP, and has the valid and enforceable right to use all other Intellectual Property used in or necessary for the
conduct of the business of Company and its Subsidiaries as currently conducted (“Company IP”), in each case, free
and clear of all Liens other than Permitted Liens, except as would not reasonably be expected to have, individually or in the aggregate,
a Company Material Adverse Effect. Company has entered into binding, valid and enforceable, written Contracts with each current and former
employee and independent contractor whereby such employee or independent contractor (i) acknowledges Company’s exclusive ownership
of all Intellectual Property invented, created, or developed by such employee or independent contractor within the scope of his or her
employment or engagement with Company; (ii) grants to Company a present, irrevocable assignment of any ownership interest such employee
or independent contractor may have in or to such Intellectual Property; and (iii) irrevocably waives any right or interest, including
any moral rights, regarding any such Intellectual Property, to the extent permitted by applicable Law. Company has provided Buyer true
and complete copies of all such Contracts. All assignments and other instruments necessary to establish, record, and perfect Company’s
ownership interest in the Company IP Registrations have been validly executed, delivered, and filed with the relevant Governmental Entity
and authorized registrars.

 

(c)
Validity and Enforceability. Company and its Subsidiaries’ rights in Company Owned IP are valid, subsisting, and enforceable,
except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Company and
each of its Subsidiaries have taken reasonable steps to maintain Company IP and to protect and preserve the confidentiality of all trade
secrets included in Company IP, except where the failure to take such actions would not reasonably be expected to have, individually
or in the aggregate, a Company Material Adverse Effect.

 

(d)
Non-Infringement. Except as would not be reasonably be expected to have, individually or in the aggregate, a Company Material
Adverse Effect: (i) to the Knowledge of the Company, the conduct of the businesses of Company and any of its Subsidiaries has not infringed,
misappropriated, or otherwise violated, and is not infringing, misappropriating, or otherwise violating, any Intellectual Property of
any other Person; and (ii) to the Knowledge of Company, no third party is infringing upon, violating, or misappropriating any Company
IP.

 

(e)
IP Legal Actions and Orders. There are no Legal Actions pending or, to the Knowledge of Company, threatened: (i) alleging any
infringement, misappropriation, or violation by Company or any of its Subsidiaries of the Intellectual Property of any Person; or (ii)
challenging the validity, enforceability, or ownership of any Company Owned IP or Company rights with respect to any Company IP, in each
case except for such Legal Actions that would not reasonably be expected to have, individually or in the aggregate, a Company Material
Adverse Effect. Company and its Subsidiaries are not subject to any outstanding Order that restricts or impairs the use of any Company
Owned IP, except where compliance with such Order would not reasonably be expected to have, individually or in the aggregate, a Company
Material Adverse Effect.

 

(f)
Company IP Agreements. Section 4.7(f) of the Company Disclosure Letter contains a correct, current and complete list of
all Company IP Agreements (A) by Company to another Person or (B) by another Person to Company, in either case except any (1) Contract
under which any Intellectual Property Right or Technology is licensed on a non-exclusive basis to a contractor or vendor of Company for
the benefit of and to provide services to Company, (2) non-exclusive license granted by Company to its customers in the ordinary course,
(3) off-the-shelf software licensed pursuant to a click-wrap or shrink wrap Contract or other unmodified standard contract form, or (4)
Contract containing a non-exclusive license that is merely incidental to the transaction contemplated in such Contract, the commercial
purpose of which is primarily for something other than such license, such as an equipment lease or distribution or marketing Contract
that includes an incidental license to use the trademarks of either party thereto for the purposes of advertising or marketing.

 

    	27

    	 

    

 

(g)
Company IT Systems. In the past twelve (12) months, there has been no malfunction, failure, continued substandard performance,
denial-of-service, or other cyber incident, including any cyberattack, or other impairment of Company IT Systems, in each case except
as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Company and its Subsidiaries
have taken all reasonable best effort steps to safeguard the confidentiality, availability, security, and integrity of Company IT Systems,
including implementing and maintaining appropriate backup, disaster recovery, and software and hardware support arrangements, in each
case except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.

 

(h)
Privacy and Data Security. Company and each of its Subsidiaries have complied with all applicable Laws and all internal or publicly
posted policies, notices, and statements concerning the collection, use, processing, storage, transfer, and security of personal information
in the conduct of Company’s and its Subsidiaries’ businesses, in each case except as would not reasonably be expected to
have, individually or in the aggregate, a Company Material Adverse Effect. In the past twelve months, Company and its Subsidiaries have
not: (i) experienced any actual, alleged, or suspected data breach or other security incident involving personal information in their
possession or control; or (ii) been subject to or received any notice of any audit, investigation, complaint, or other Legal Action by
any Governmental Entity or other Person concerning Company’s or any of its Subsidiaries’ collection, use, processing, storage,
transfer, or protection of personal information or actual, alleged, or suspected violation of any applicable Law concerning privacy,
data security, or data breach notification, and to Company’s Knowledge, there are no facts or circumstances that could reasonably
be expected to give rise to any such Legal Action, in each case except as would not reasonably be expected to have, individually or in
the aggregate, a Company Material Adverse Effect.

 

Section
4.8 Compliance; Permits.

 

(a)
Compliance. Company and each of its Subsidiaries are in material compliance with, all Laws or Orders applicable to Company or
any of its Subsidiaries or by which Company or any of its Subsidiaries or any of their respective businesses or properties is bound.
In the past twelve (12) months, no Governmental Entity has issued any notice or notification stating that Company or any of its Subsidiaries
is not in compliance with any Law in any material respect.

 

(b)
Permits. Company and its Subsidiaries hold, to the extent necessary to operate their respective businesses as such businesses
are being operated as of the date hereof, all permits, licenses, registrations, variances, clearances, consents, commissions, franchises,
exemptions, Orders, authorizations, and approvals from Governmental Entities (collectively, “Permits”), except for
any Permits for which the failure to obtain or hold would not reasonably be expected to have, individually or in the aggregate, a Company
Material Adverse Effect. No suspension, cancellation, non-renewal, or adverse modifications of any Permits of Company or any of its Subsidiaries
is pending or, to the Knowledge of Company, threatened, except for any such suspension or cancellation which would not reasonably be
expected to have, individually or in the aggregate, a Company Material Adverse Effect. Company and each of its Subsidiaries is in compliance
with the terms of all Permits, except where the failure to be in such compliance would not reasonably be expected to have, individually
or in the aggregate, a Company Material Adverse Effect.

 

(c)
Industry Certifications. Section 4.8(c) of the Company Disclosure Letter contains a true, current and complete list of
all industry certifications that Company has obtained, including, without limitation, all such certifications listed on its website (collectively,
the “Certificates”). Company is in compliance in all material respects with the requirements of all Certifications.

 

    	28

    	 

    

 

Section
4.9 Litigation. Except as set forth in Section 4.9 of the Company Disclosure Letter (the “Disclosed Litigation”),
there is no Legal Action pending, or to the Knowledge of Company, threatened against Company or any of its Subsidiaries or any of their
respective properties or assets or, to the Knowledge of Company, any officer or Manager of Company or any of its Subsidiaries in their
capacities.

 

Section
4.10 Brokers’ and Finders’ Fees. Except for fees payable to Primary Capital LLC (which shall be paid by Buyer), neither
Company nor any of its Subsidiaries has incurred, nor will it incur, directly or indirectly, any liability for investment banker, brokerage,
or finders’ fees or agents’ commissions, or any similar charges in connection with this Agreement or any transaction contemplated
by this Agreement.

 

Section
4.11 Related Person Transactions. Other than (i) Charter Documents, (ii) standard employee benefits generally made available to
all employees and standard employee offer letters and (iii) transactions related to the purchase or issuance of Company Membership Units,
there are no Contracts, transactions, arrangements, or understandings between Company, on the one hand, and any Affiliate (including
any Manager, officer, or employee or any of their respective family members) thereof or any holder of 5% or more of Company Membership
Units (or any of their respective family members).

 

Section
4.12 Employee Benefit Issues.

 

(a)
Schedule. Section 4.12(a) of Company Disclosure Letter contains a true and complete list, as of the date hereof, of each
plan, program, policy, agreement, collective bargaining agreement, or other arrangement providing for compensation, severance, deferred
compensation, performance awards, stock or stock-based awards, health, dental, retirement, life insurance, death, accidental death &
dismemberment, disability, material fringe, or wellness benefits, or other material employee benefits or compensatory remuneration of
any kind, including each employment, termination, severance, retention, change in control, or consulting or independent contractor plan,
program, arrangement, or agreement, in each case whether written or unwritten or otherwise, funded or unfunded, insured or self-insured,
including each “employee benefit plan,” within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA, which
is sponsored, maintained, contributed to, or required to be contributed to, by Company for the benefit of any current or former employee
of Company (each, a “Company Employee”), or any current or former independent contractor, consultant, or Manager of
Company, or with respect to which Company or any Company ERISA Affiliate has or may have any Liability (collectively, the “Company
Employee Plans”), provided that any at-will employment offer letters or agreements or independent contractor agreements
made in the ordinary course of business in each case cancellable without material penalty to Company (other than any statutory severance
obligations) shall not be required to be specifically listed.

 

(b)
Documents. Company has made available to Buyer correct and complete copies (or, if a plan or arrangement is not written, a written
description) of all Company Employee Plans and amendments thereto, and, to the extent applicable: (i) all related trust agreements, funding
arrangements, insurance contracts, and service provider agreements now in effect; (ii) the most recent determination, advisory or opinion
letter received regarding the tax-qualified status of each Company Employee Plan (to the extent applicable); (iii) the most recent financial
statements for each Company Employee Plan (to the extent applicable); (iv) the Form 5500 Annual Returns/Reports and Schedules for the
most recent plan year for each Company Employee Plan; (v) the current summary plan description and any related summary of material modifications
and, if applicable, summary of benefits and coverage, for each Company Employee Plan; and (vi) all actuarial valuation reports related
to any Company Employee Plans (to the extent applicable).

 

    	29

    	 

    

 

(c)
Employee Plan Compliance. (i) Each Company Employee Plan has within the last six years been established, administered, and maintained
in all material respects in accordance with its terms and in material compliance with applicable Laws, including but not limited to ERISA
and the Code; (ii) all Company Employee Plans that are intended to be qualified under Section 401(a) of the Code are so qualified and
have received timely determination letters from the IRS and no such determination letter has been revoked nor, to the Knowledge of Company,
has any such revocation been threatened, or with respect to a prototype or volume submitter plan, can rely on an opinion or advisory
letter from the IRS to the prototype or volume submitter plan sponsor, to the effect that such qualified retirement plan and the related
trust are exempt from federal income taxes under Sections 401(a) and 501(a), respectively, of the Code, and to the Knowledge of Company
no circumstance exists that is likely to result in the loss of such qualified status under Section 401(a) of the Code; (iii) Company,
where applicable, has timely made all material contributions, benefits, premiums, and other material payments required by and due under
the terms of each Company Employee Plan and applicable Law and accounting principles, and all benefits accrued under any unfunded Company
Employee Plan have been paid, accrued, or otherwise adequately reserved to the extent required by GAAP, and in accordance with Company’s
historic accounting practices; (iv) except to the extent limited by applicable Law, each Company Employee Plan can be amended, terminated,
or otherwise discontinued after the Effective Time in accordance with its terms, without material liability to Buyer or Company (other
than ordinary administration expenses and in respect of accrued benefits thereunder); (v) there are no investigations, audits, inquiries,
enforcement actions, or Legal Actions pending or, to the Knowledge of Company, threatened by the IRS, U.S. Department of Labor, Health
and Human Services, Equal Employment Opportunity Commission, or any similar Governmental Entity with respect to any Company Employee
Plan; (vi) there are no material Legal Actions pending, or, to the Knowledge of Company, threatened with respect to any Company Employee
Plan (in each case, other than routine claims for benefits); and (vii) to the Knowledge of Company, neither Company nor any of its Company
ERISA Affiliates has engaged in a transaction that would reasonably be expected to subject Company or any Company ERISA Affiliate to
a tax or penalty imposed by either Section 4975 of the Code or Section 502(i) of ERISA.

 

(d)
Potential Governmental or Lawsuit Liability. Other than routine claims for benefits: (i) there are no pending or, to the Knowledge
of Company, threatened claims by or on behalf of any participant in any Company Employee Plan, or otherwise involving any Company Employee
Plan or the assets of any Company Employee Plan; and (ii) no Company Employee Plan is presently or has within the three years prior to
the date hereof, been the subject of an examination or audit by a Governmental Entity or is the subject of an application or filing under,
or is a participant in, an amnesty, voluntary compliance, self-correction, or similar program sponsored by any Governmental Entity.

 

(e)
Section 409A Compliance. Each Company Employee Plan that is subject to Section 409A of the Code has been operated in compliance
in all material respects with the applicable provisions of such section and all applicable regulatory guidance (including, without limitation,
proposed regulations, notices, rulings, and final regulations).

 

(f)
Health Plan Compliance. Company currently complies in all material respects with the applicable requirements under ERISA and the
Code, including COBRA, HIPAA, and the Affordable Care Act, and other federal requirements for employer-sponsored health plans, as applicable,
and any corresponding requirements under similar applicable state statutes, with respect to each Company Employee Plan that is a group
health plan within the meaning of Section 733(a) of ERISA, Section 5000(b)(1) of the Code, or such state statute.

 

(g)
Employment Law Matters. Company is in compliance with all applicable Laws and agreements regarding hiring, employment, termination
of employment, plant closing and mass layoff, employment discrimination, harassment, retaliation, and reasonable accommodation, leaves
of absence, terms and conditions of employment, wages and hours of work, employee classification, employee health and safety, use of
genetic information, leasing and supply of temporary and contingent staff, engagement of independent contractors, including proper classification
of same, payroll taxes, and immigration with respect to Company Employees and contingent workers, except where the failure to be in compliance
with the foregoing would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.

 

    	30

    	 

    

 

(h)
Labor Unions. Company is not party to, or subject to, any collective bargaining agreement or other agreement with any labor organization,
work council, or trade union with respect to any of its or their operations. No material work stoppage, slowdown, or labor strike against
Company with respect to Company Employees who are employed within the United States is pending, threatened, or has occurred in the last
two years. To the Knowledge of Company, none of Company Employees is represented by a labor organization, work council, or trade union
and there is no organizing activity, Legal Action, election petition, union card signing or other union activity, or union corporate
campaigns of or by any labor organization, trade union, or work council directed at Company, or any Company Employees.

 

Section
4.13 Real Property and Personal Property Matters.

 

(a)
Owned Real Estate. Company does not own any Owned Real Estate. Company is not a party to any agreement or option to purchase any
real property or interest therein.

 

(b)
Leased Real Estate. Section 4.13(b) of Company Disclosure Letter contains a true and complete list of all Leases (including
all amendments, extensions, renewals, guaranties, and other agreements with respect thereto) as of the date hereof for each such Leased
Real Estate (including the date and name of the parties to such Lease document). Company has delivered to Buyer a true and complete copy
of each such Lease. Except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse
Effect or as set forth on Section 4.13(b) of Company Disclosure Letter, with respect to each of the Leases: (i) such Lease is
legal, valid, binding, enforceable, and in full force and effect; (ii) neither Company nor, to the Knowledge of Company, any other party
to the Lease, is in breach or default under such Lease, and no event has occurred or circumstance exists which, with or without notice,
lapse of time, or both, would constitute a breach or default under such Lease; (iii) Company’s possession and quiet enjoyment of
the Leased Real Estate under such Lease has not been disturbed, and to the Knowledge of Company, there are no disputes with respect to
such Lease; and (iv) there are no Liens on the estate created by such Lease other than Permitted Liens. Company has not assigned, pledged,
mortgaged, hypothecated, or otherwise transferred any Lease or any interest therein nor has Company subleased, licensed, or otherwise
granted any Person (other than another wholly-owned Subsidiary of Company) a right to use or occupy such Leased Real Estate or any portion
thereof.

 

(c)
Real Estate Used in the Business. The Leased Real Estate identified in Section 4.13(b) of Company Disclosure Letter comprise
all of the real property used or intended to be used in, or otherwise related to, the business of Company.

 

(d)
Personal Property. Except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse
Effect, (i) Company is in possession of and have good and marketable title to, or valid leasehold interests in or valid rights under
contract to use, the machinery, equipment, furniture, fixtures, and other tangible personal property and assets owned, leased, or used
by Company, free and clear of all Liens other than Permitted Liens, (ii) the buildings, plants, structures, furniture, fixtures, machinery,
equipment, vehicles and other items of tangible personal property of Company are structurally sound, are in good operating condition
and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, furniture, fixtures,
machinery, equipment, vehicles and other items of tangible personal property is in need of maintenance or repairs except for ordinary,
routine maintenance and repairs that are not material in nature or cost, and (iii) the buildings, plants, structures, furniture, fixtures,
machinery, equipment, vehicles and other items of tangible personal property currently owned or leased by Company, together with all
other properties and assets of Company, are sufficient for the continued conduct of Company’s business after the Closing in substantially
the same manner as conducted prior to the Closing and constitute all of the rights, property and assets necessary to conduct the business
of Company as currently conducted.

 

    	31

    	 

    

 

Section
4.14 Environmental Matters. Except for such matters as would not reasonably be expected to have, individually or in the aggregate,
a Company Material Adverse Effect:

 

(a)
Compliance with Environmental Laws. Company is, and has been, in compliance with all Environmental Laws, which compliance includes
the possession, maintenance of, compliance with, or application for, all Permits required under applicable Environmental Laws for the
operation of the business of Company as currently conducted.

 

(b)
No Disposal, Release, or Discharge of Hazardous Substances. Company has not disposed of, released, or discharged any Hazardous
Substances on, at, under, in, or from any real property currently or, to the Knowledge of Company, formerly owned, leased, or operated
by it or at any other location that is: (i) currently subject to any investigation, remediation, or monitoring; or (ii) reasonably likely
to result in liability to Company, in either case of (i) or (ii) under any applicable Environmental Laws.

 

(c)
No Production or Exposure of Hazardous Substances. Company has not: (i) produced, processed, manufactured, generated, transported,
treated, handled, used, or stored any Hazardous Substances, except in compliance with Environmental Laws, at any Real Estate; or (ii)
exposed any employee or any third party to any Hazardous Substances under circumstances reasonably expected to give rise to any material
Liability or obligation under any Environmental Law.

 

(d)
No Legal Actions or Orders. Company has not received written notice of and there is no Legal Action pending, or to the Knowledge
of Company, threatened against Company, alleging any Liability or responsibility under or non-compliance with any Environmental Law or
seeking to impose any financial responsibility for any investigation, cleanup, removal, containment, or any other remediation or compliance
under any Environmental Law. Company is not subject to any Order, settlement agreement, or other written agreement by or with any Governmental
Entity or third party imposing any material Liability or obligation with respect to any of the foregoing.

 

(e)
No Assumption of Environmental Law Liabilities. Company has not expressly assumed or retained any Liabilities under any applicable
Environmental Laws of any other Person, including in any acquisition or divestiture of any property or business.

 

Section
4.15 Material Contracts.

 

(a)
Material Contracts. For purposes of this Agreement, “Company Material Contract” shall mean the following to
which Company is a party or any of its respective assets are bound (excluding any Leases):

 

(i)
any employment or consulting Contract (in each case with respect to which Company has continuing obligations as of the date hereof) (other
than any Company Employee Plan set forth on Section 4.12(a) of the Company Disclosure Letter);

 

(ii)
any Contract providing for indemnification or any guaranty by Company, in each case that is material to Company, taken as a whole, other
than (A) any guaranty by Company that was entered into in the ordinary course of business pursuant to or in connection with a customer
Contract, or (B) any Contract providing for indemnification of customers or other Persons pursuant to Contracts entered into in the ordinary
course of business;

 

    	32

    	 

    

 

(iii)
any Contract that purports to limit in any material respect the right of Company (or, at any time after the consummation of the Merger,
Buyer or any of its Subsidiaries) (A) to engage in any line of business, (B) compete with any Person or solicit any client or customer,
or (C) operate in any geographical location;

 

(iv)
any Contract relating to the disposition or acquisition, directly or indirectly (by merger, sale of stock, sale of assets, or otherwise),
by Company or any of its Subsidiaries after the date of this Agreement of material assets or capital stock or other equity interests
of any Person;

 

(v)
any Contract that grants any right of first refusal, right of first offer, or similar right with respect to any material assets, rights,
or properties of Company;

 

(vi)
any Contract that obligates Company to conduct business on an exclusive or preferential basis or that contains a “most favored
nation” or similar covenant with any third party or upon consummation of the Merger will obligate Buyer, the Surviving Entity,
or any of their respective Subsidiaries to conduct business on an exclusive or preferential basis or that contains a “most favored
nation” or similar covenant with any third party;

 

(vii)
any partnership, joint venture, limited liability company agreement, or similar Contract relating to the formation, creation, operation,
management, or control of any material joint venture, partnership, or limited liability company, other than any Charter Document of Company;

 

(viii)
any mortgages, indentures, guarantees, loans, or credit agreements, security agreements, or other Contracts, in each case relating to
indebtedness for borrowed money, whether as borrower or lender, in each case in excess of $20,000, other than (A) accounts receivables
and payables, (B) loans to direct or indirect wholly-owned Subsidiaries of Company and (C) loans to current and former Company Employees
under any tax-qualified Company Employee Plan;

 

(ix)
any employee collective bargaining agreement or other Contract with any labor union; or

 

(x)
any Company IP Agreement, other than licenses for shrinkwrap, clickwrap, or other similar commercially available off-the-shelf software
that has not been modified or customized by a third party for Company or any of its Subsidiaries.

 

(b)
Schedule of Material Contracts; Documents. Section 4.15(b) of Company Disclosure Letter sets forth a true and complete
list as of the date hereof of all Company Material Contracts. Company has made available to Buyer correct and complete copies of all
Company Material Contracts, including any amendments thereto.

 

(c)
No Breach. (i) All Company Material Contracts are legal, valid, and binding on Company, enforceable against it in accordance with
its terms, and is in full force and effect, in all material respects; (ii) neither Company nor, to the Knowledge of Company, any third
party has materially violated any provision of, or failed to perform any material obligation required under the provisions of, any Company
Material Contract as of the date hereof; (iii) neither Company nor, to the Knowledge of Company, any third party is in material breach,
or has received written notice of material breach, of any Company Material Contract as of the date hereof; and (iv) entering into this
Agreement and performing under this Agreement shall not result in any material breach of, material default under, or material violation
of any Company Material Contract.

 

Section
4.16 Insurance. Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse
Effect, all insurance policies maintained by Company are in full force and effect and provide insurance in such amounts and against such
risks as Company reasonably has determined to be prudent, taking into account the industries in which Company operates, and as is sufficient
to comply with applicable Law.

 

    	33

    	 

    

 

Section
4.17 Intended Tax Treatment. Company has not taken or agreed to take any action, and to the Knowledge of Company there exists
no fact or circumstance, that is reasonably likely to prevent or impede the Merger from qualifying as a “reorganization”
within the meaning of Section 368(a) of the Code.

 

Section
4.18 Accounts Receivable. The accounts receivable reflected on the Interim Balance Sheet and the accounts receivable arising after
the date thereof: (a) have arisen from bona fide transactions entered into by Company involving the sale of goods or the rendering of
services in the ordinary course of business consistent with past practice and (b) constitute only valid, undisputed claims of Company
not subject to claims of set-off or other defenses or counterclaims other than normal cash discounts accrued in the ordinary course of
business consistent with past practice. The reserve for bad debts shown on the Interim Balance Sheet or, with respect to accounts receivable
arising after the Interim Balance Sheet Date, on the accounting records of Company have been determined in accordance with sound accounting
practices.

 

Section
4.19 Customers and Suppliers.

 

(a)
Section 4.19(a) of the Company Disclosure Letter sets forth (i) each customer who has paid aggregate consideration to Company
for goods or services rendered in an amount greater than or equal to $100,000 for each of the two (2) most recent fiscal years (collectively,
the “Material Customers”); and (ii) the amount of consideration paid by each Material Customer during such periods.
Company has not received any notice, and has no Knowledge, that any of its Material Customers has ceased, or intends to cease after the
Closing, to use its goods or services or to otherwise terminate or materially reduce its relationship with Company.

 

(b)
Section 4.19(b) of the Company Disclosure Letter sets forth (i) each supplier to whom Company has paid consideration for goods
or services rendered in an amount greater than or equal to $20,000 for each of the two (2) most recent fiscal years (collectively, the
“Material Suppliers”); and (ii) the amount of purchases from each Material Supplier during such periods. Except as
set forth in Section 4.19(b) of the Company Disclosure Letter, Company has not received any notice, and has no Knowledge, that
any of its Material Suppliers has ceased, or intends to cease, to supply goods or services to Company or to otherwise terminate or materially
reduce its relationship with Company.

 

Section
4.20 No Other Representations. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS SECTION 4 (as
modified by the COMPANY Disclosure LETTER), THE COMPANY MAKES NO EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY, AND THE COMPANY
HEREBY DISCLAIMS ANY SUCH REPRESENTATION OR WARRANTY, WITH RESPECT TO THE EXECUTION AND DELIVERY OF THIS AGREEMENT AND THE OTHER ANCILLARY
DOCUMENTS AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THEREUNDER.

 

ARTICLE
V

REPRESENTATIONS AND WARRANTIES OF SELLERS

 

Except
as set forth in the Company Disclosure Letter, each of the Sellers hereby, severally and not jointly, represent and warrant to Buyer
as follows:

 

Section
5.1 Good and Valid Title. Such Seller is the record owner of and has good and valid title to the Company Membership Units to be
sold by such Seller hereunder, free and clear of all Liens, and, upon consummation of the transfer of such Company Membership Units as
contemplated hereby, Buyer shall have good and valid title to such Company Membership Units free and clear of any Liens.

 

    	34

    	 

    

 

Section
5.2 Authority of the Sellers.

 

(a)
Capacity. Each Seller has the requisite legal capacity, power and authority to: (i) execute and deliver this Agreement and any
Ancillary Document to which such Seller is a party; (ii) perform his, her or its obligations hereunder and thereunder; and (iii) consummate
the transactions contemplated hereby and thereby.

 

(b)
This Agreement (assuming due authorization, execution and delivery by each other party thereto) constitutes a legal, valid and binding
obligation of such Seller enforceable against such Seller in accordance with its terms (subject to any applicable bankruptcy, insolvency,
reorganization, moratorium or similar Laws now or hereafter in effect relating to creditors’ rights generally or to general principles
of equity). When each other Ancillary Document to which such Seller is or will be a party has been duly executed and delivered by such
Seller (assuming due authorization, execution and delivery by each other party thereto), such Ancillary Document will constitute a legal
and binding obligation of such Seller, enforceable against it in accordance with its terms (subject to any applicable bankruptcy, insolvency,
reorganization, moratorium or similar Laws now or hereafter in effect relating to creditors’ rights generally or to general principles
of equity).

 

Section
5.3 Own Account. Such Seller understands that the shares of Buyer Stock issuable to such Seller under this Agreement (the “Buyer
Stock Consideration”) are “restricted securities” and have not been registered under the Securities Act or any
applicable state securities law and is acquiring the Buyer Stock Consideration as principal for its own account and not with a view to
or for distributing or reselling such Buyer Stock Consideration or any part thereof in violation of the Securities Act or any applicable
state securities law, has no present intention of distributing any of such shares in violation of the Securities Act or any applicable
state securities law and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding the
distribution of such Buyer Stock Consideration in violation of the Securities Act or any applicable state securities law.

 

Section
5.4 Seller Status. Except for those Sellers identified as non-accredited on Section 5.4 of the Seller Disclosure Letter,
at the time such Seller was offered the Buyer Stock Consideration, he, she or it was, and as of the date hereof it is, an “accredited
investor” as defined in Rule 501(a) under the Securities Act. Such Seller represents that he, she or it has had the opportunity
to receive all information he, she or it considers necessary or appropriate for deciding whether to receive Buyer Stock as consideration
hereunder. Such Seller further represents that he, she or it has had an opportunity to ask questions and receive answers from Buyer regarding
the rights of holders of Buyer Stock and the business, properties, prospects and financial condition of Buyer and to obtain additional
information (to the extent Buyer possessed such information or could acquire it without unreasonable effort or expense) necessary to
verify the accuracy of any information furnished to such Seller.

 

Section
5.5 Experience of Seller. Each Seller has such knowledge, sophistication and experience in business and financial matters, so
as to be capable of evaluating the merits and risks of the prospective investment in the Buyer Stock Consideration, and has so evaluated
the merits and risks of such investment. Such Seller is able to bear the economic risk of an investment in the Buyer Stock Consideration
and, at the present time, is able to bear such economic risk indefinitely.

 

Section
5.6 Restrictions.

 

(a)
The Buyer Stock Consideration may only be disposed of in compliance with state and federal securities laws. In connection with any transfer
of Buyer Stock Consideration other than pursuant to an effective registration statement or Rule 144 under the Securities Act, Buyer may
require the transferor thereof to provide to Buyer information necessary for Buyer to obtain an opinion of counsel to the effect that
such transfer does not require registration of such transferred Buyer Stock Consideration under the Securities Act or any other state,
federal or foreign securities law. As a condition of transfer, any such transferee shall agree in writing to be bound by the restrictions
with respect to the Buyer Stock Consideration set forth in this Agreement if applicable.

 

    	35

    	 

    

 

(b)
Such Seller agrees, so long as is required by applicable Law or the Sellers Lock-Up Agreement of such Seller, that the Buyer Stock Consideration
shall bear the following legend:

 

THIS
SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON
AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY
ACCEPTABLE TO THE GLIMPSE GROUP, INC. THIS SECURITY IS ALSO SUBJECT TO THE TERMS OF A LOCK-UP AGREEMENT. THIS SECURITY MAY NOT BE SOLD,
TRANSFERRED, PLEDGED, GIFTED OR OTHERWISE DISPOSED OF OTHER THAN IN ACCORDANCE WITH THE TERMS OF SUCH AGREEMENT, AND ANY ATTEMPT TO DO
SO SHALL BE VOID.

 

Section
5.7 Certain Transactions. Other than consummating the transactions contemplated hereunder, each Seller has not directly or indirectly,
nor has any Person acting on behalf of or pursuant to any understanding with such Seller, executed any purchases or sales of the securities
of Buyer during the period commencing as of the time that such Seller first received a term sheet (written or oral) from the Buyer or
any other Person representing the Buyer setting forth the material terms of the transactions contemplated hereunder and ending immediately
prior to the execution hereof.

 

ARTICLE
VI

Representations and Warranties of Buyer and Merger Sub

 

Except
(a) as disclosed in the Buyer SEC Documents at least five Business Days prior to the date hereof and that is reasonably apparent on the
face of such disclosure to be applicable to the representation and warranty set forth herein (other than any disclosures contained or
referenced therein under the captions “Risk Factors,” “Forward-Looking Statements,” “Quantitative and Qualitative
Disclosures About Market Risk,” and any other disclosures contained or referenced therein of information, factors, or risks that
are predictive, cautionary, or forward-looking in nature), or (b) as set forth in the Buyer Disclosure Letter, Buyer and Merger Sub hereby
jointly and severally represent and warrant to Company and Sellers as follows:

 

Section
6.1 Organization; Standing and Power; Charter Documents.

 

(a)
Organization; Standing and Power. Each of Buyer and its Subsidiaries (including Merger Sub) is a corporation, limited liability
company, or other legal entity duly organized, validly existing, and in good standing (to the extent that the concept of “good
standing” is applicable in the case of any jurisdiction outside the United States) under the Laws of its jurisdiction of organization,
and has the requisite corporate, limited liability company, or other organizational, as applicable, power and authority to own, lease,
and operate its assets and to carry on its business as now conducted. Each of Buyer and its Subsidiaries is duly qualified or licensed
to do business as a foreign corporation, limited liability company, or other legal entity and is in good standing (to the extent that
the concept of “good standing” is applicable in the case of any jurisdiction outside the United States) in each jurisdiction
where the character of the assets and properties owned, leased, or operated by it or the nature of its business makes such qualification
or license necessary, except where the failure to be so qualified or licensed or to be in good standing, would not reasonably be expected
to have, individually or in the aggregate, a Buyer Material Adverse Effect.

 

    	36

    	 

    

 

(b)
Charter Documents. The copies of the Certificate of Incorporation and By-Laws of Buyer as most recently filed with the Buyer SEC
Documents are true, correct, and complete copies of such documents as in effect as of the date of this Agreement. Buyer has delivered
or made available to Company a true and correct copy of the Charter Documents of Merger Sub. Neither Buyer nor Merger Sub is in violation
of any of the provisions of its Charter Documents.

 

Section
6.2 Capitalization.

 

(a)
Capital Stock. The authorized capital stock of Buyer consists of 300,000,000 shares of Buyer Stock, par value $0.001 per share.
As of the close of business on May 19, 2022: (A) 12,746,295 shares of Buyer Stock were issued and outstanding (not including shares held
in treasury); and (B) no shares of Buyer Stock were issued and held by Buyer in its treasury; and since May 19, 2022 and through the
date hereof, no additional shares of Buyer Stock have been issued other than the issuance of shares of Buyer Stock upon the exercise
or settlement of stock options granted under Buyer’s equity incentive plan. All of the outstanding shares of capital stock of Buyer
are, and all shares of capital stock of Buyer which may be issued as contemplated or permitted by this Agreement, including the shares
of Buyer Stock constituting the Merger Consideration, will be, when issued, duly authorized, validly issued, fully paid, and non-assessable,
and not subject to any pre-emptive rights. No Subsidiary of Buyer owns any shares of Buyer Stock.

 

(b)
Stock Awards.

 

(i)
As of the close of business on May 19, 2022, an aggregate of approximately 4,700,000 shares of Buyer Stock were reserved for issuance
pursuant to Buyer Stock Options not yet granted under the Buyer Stock Plan. All shares of Buyer Stock subject to issuance under the Buyer
Stock Plan upon issuance in accordance with the terms and conditions specified in the instruments pursuant to which they are issuable,
will be duly authorized, validly issued, fully paid, and non-assessable.

 

(ii)
Other than the Buyer Stock Options, as of the date hereof, there are no outstanding (A) securities of Buyer or any of its Subsidiaries
convertible into or exchangeable for Buyer Voting Debt or shares of capital stock of Buyer, (B) options, warrants, or other agreements
or commitments to acquire from Buyer or any of its Subsidiaries, or obligations of Buyer or any of its Subsidiaries to issue, any Buyer
Voting Debt or shares of capital stock of (or securities convertible into or exchangeable for shares of capital stock of) Buyer, or (C)
restricted shares, restricted stock units, stock appreciation rights, performance shares, profit participation rights, contingent value
rights, “phantom” stock, or similar securities or rights that are derivative of, or provide economic benefits based, directly
or indirectly, on the value or price of, any shares of capital stock of Buyer, in each case that have been issued by Buyer or its Subsidiaries
(the items in clauses (A), (B), and (C), together with the capital stock of Buyer, being referred to collectively as “Buyer
Securities”). All outstanding shares of Buyer Stock, all outstanding Buyer Stock Options, and all outstanding shares of capital
stock, voting securities, or other ownership interests in any Subsidiary of Buyer, have been issued or granted, as applicable, in compliance
in all material respects with all applicable securities Laws.

 

(iii)
As of the date hereof, there are no outstanding Contracts requiring Buyer or any of its Subsidiaries to repurchase, redeem, or otherwise
acquire any Buyer Securities or Buyer Subsidiary Securities. Neither Buyer nor any of its Subsidiaries is a party to any voting agreement
with respect to any Buyer Securities or Buyer Subsidiary Securities.

 

    	37

    	 

    

 

(c)
Voting Debt. No bonds, debentures, notes, or other indebtedness issued by Buyer or any of its Subsidiaries: (i) having the right
to vote on any matters on which stockholders or equity holders of Buyer or any of its Subsidiaries may vote (or which is convertible
into, or exchangeable for, securities having such right); or (ii) the value of which is directly based upon or derived from the capital
stock, voting securities, or other ownership interests of Buyer or any of its Subsidiaries, are issued or outstanding (collectively,
“Buyer Voting Debt”).

 

(d)
Buyer Subsidiary Securities. As of the date hereof, there are no outstanding: (i) securities of Buyer or any of its Subsidiaries
convertible into or exchangeable for Buyer Voting Debt, capital stock, voting securities, or other ownership interests in any Subsidiary
of Buyer; (ii) options, warrants, or other agreements or commitments to acquire from Buyer or any of its Subsidiaries, or obligations
of Buyer or any of its Subsidiaries to issue, any Buyer Voting Debt, capital stock, voting securities, or other ownership interests in
(or securities convertible into or exchangeable for capital stock, voting securities, or other ownership interests in) any Subsidiary
of Buyer; or (iii) restricted shares, restricted stock units, stock appreciation rights, performance shares, profit participation rights,
contingent value rights, “phantom” stock, or similar securities or rights that are derivative of, or provide economic benefits
based, directly or indirectly, on the value or price of, any capital stock or voting securities of, or other ownership interests in,
any Subsidiary of Buyer, in each case that have been issued by a Subsidiary of Buyer (the items in clauses (i), (ii), and (iii), together
with the capital stock, voting securities, or other ownership interests of such Subsidiaries, being referred to collectively as “Buyer
Subsidiary Securities”).

 

Section
6.3 Authority; Non-Contravention; Governmental Consents; Board Approval.

 

(a)
Authority. Each of Buyer and Merger Sub has all requisite corporate or limited liability company power and authority to enter
into and to perform its obligations under this Agreement and to consummate the transactions contemplated by this Agreement. The execution
and delivery of this Agreement by Buyer and Merger Sub and the consummation by Buyer and Merger Sub of the transactions contemplated
by this Agreement have been duly authorized by all necessary corporate action on the part of Buyer and Merger Sub and no other corporate
proceedings on the part of Buyer or Merger Sub are necessary to authorize the execution and delivery of this Agreement or to consummate
the Merger, the Buyer Stock Issuance, and the other transactions contemplated by this Agreement. This Agreement has been duly executed
and delivered by Buyer and Merger Sub and, assuming due execution and delivery by Company, constitutes the legal, valid, and binding
obligation of Buyer and Merger Sub, enforceable against Buyer and Merger Sub in accordance with its terms, except as such enforceability
may be limited by bankruptcy, insolvency, moratorium, and other similar Laws affecting creditors’ rights generally and by general
principles of equity.

 

(b)
Non-Contravention. The execution, delivery, and performance of this Agreement by Buyer and Merger Sub and the consummation by
Buyer and Merger Sub of the transactions contemplated by this Agreement, do not and will not: (i) contravene or conflict with, or result
in any violation or breach of, the Charter Documents of Buyer or Merger Sub; (ii) assuming that all of the Consents contemplated by clauses
(i) through (v) of Section 6.3(c) have been obtained or made, conflict with or violate any Law applicable to Buyer or Merger Sub
or any of their respective properties or assets; (iii) result in any breach of or constitute a default (or an event that with notice
or lapse of time or both would become a default) under, result in Buyer’s or any of its Subsidiaries’ loss of any benefit
or the imposition of any additional payment or other liability under, or alter the rights or obligations of any third party under, or
give to any third party any rights of termination, amendment, acceleration, or cancellation, or require any Consent under, any Contract
to which Buyer or any of its Subsidiaries is a party or otherwise bound as of the date hereof; or (iv) result in the creation of a Lien
(other than Permitted Liens) on any of the properties or assets of Buyer or any of its Subsidiaries, except, in the case of each of clauses
(ii), (iii), and (iv), for any conflicts, violations, breaches, defaults, loss of benefits, additional payments or other liabilities,
alterations, terminations, amendments, accelerations, cancellations, or Liens that, or where the failure to obtain any Consents, in each
case, would not reasonably be expected to have, individually or in the aggregate, a Buyer Material Adverse Effect. The Buyer Stock Issuance
does not require the approval of Buyer’s stockholders pursuant to applicable Law or the rules and regulations of NASDAQ.

 

    	38

    	 

    

 

(c)
Governmental Consents. No Consent of any Governmental Entity is required to be obtained or made by Buyer or Merger Sub in connection
with the execution, delivery, and performance by Buyer and Merger Sub of this Agreement or the consummation by Buyer and Merger Sub of
the Merger, the Buyer Stock Issuance, and the other transactions contemplated hereby, except for: (i) the filing of the Articles of Merger
with the Secretary of State of the State of Nevada; (ii) the filing with the SEC of such reports under the Exchange Act as may be required
in connection with this Agreement, the Merger, the Buyer Stock Issuance, and the other transactions contemplated by this Agreement; (iii)
such Consents as may be required under applicable state securities or “blue sky” Laws and the securities Laws of any foreign
country or the rules and regulations of NASDAQ; (iv) the Other Governmental Approvals; and (v) such other Consents which if not obtained
or made would not reasonably be expected to have, individually or in the aggregate, a Buyer Material Adverse Effect.

 

(d)
Board Approval.

 

(i)
The Buyer Board by resolutions duly adopted by a unanimous vote at a meeting of all directors of Buyer duly called and held and, not
subsequently rescinded or modified in any way, has (A) determined that this Agreement and the transactions contemplated hereby, including
the Merger, and the Buyer Stock Issuance, upon the terms and subject to the conditions set forth herein, are fair to, and in the best
interests of, Buyer and the Buyer’s stockholders and (B) approved and declared advisable this Agreement, including the execution,
delivery, and performance thereof, and the consummation of the transactions contemplated by this Agreement, including the Merger and
the Buyer Stock Issuance, upon the terms and subject to the conditions set forth herein.

 

(ii)
The Merger Sub Board by resolutions duly adopted by a unanimous vote at a meeting of all directors of Merger Sub duly called and held
and, not subsequently rescinded or modified in any way, has (A) determined that this Agreement and the transactions contemplated hereby,
including the Merger, upon the terms and subject to the conditions set forth herein, are fair to, and in the best interests of, Merger
Sub and Buyer, as the sole member of Merger Sub and (B) approved and declared advisable this Agreement, including the execution, delivery,
and performance thereof, and the consummation of the transactions contemplated by this Agreement, including the Merger, upon the terms
and subject to the conditions set forth herein. Buyer, as the sole member of Merger Sub, has approved Merger Sub’s adoption of
this Agreement in accordance with the NRS.

 

Section
6.4 Reservation of Common Stock. Each Buyer Stock Issuance hereunder has been duly authorized and, upon issuance and delivery
thereof pursuant to the terms hereof, shall be fully paid and non-assessable. As of the date hereof, Buyer has reserved and shall continue
to reserve and keep available at all times, free of Liens and preemptive rights, a sufficient number of shares of Buyer Stock for the
purpose of enabling Buyer to issue the Buyer Stock Consideration pursuant to this Agreement.

 

Section
6.5 Brokers. Except for fees payable to Primary Capital LLC, the fees and expenses of which will be paid by Buyer, neither Buyer,
Merger Sub, nor any of their respective Affiliates has incurred, nor will it incur, directly or indirectly, any liability for investment
banker, brokerage, or finders’ fees or agents’ commissions or any similar charges in connection with this Agreement or any
transaction contemplated hereby for which Company would be liable in connection the Merger.

 

Section
6.6 Intended Tax Treatment. Neither Buyer nor any of its Subsidiaries has taken or agreed to take any action, and to the Knowledge
of Buyer there exists no fact or circumstance, that is reasonably likely to prevent or impede the Merger from qualifying as a “reorganization”
within the meaning of Section 368(a) of the Code.

 

    	39

    	 

    

 

Section
6.7 Merger Sub. Merger Sub: (a) has engaged in no business activities other than those related to the transactions contemplated
by this Agreement; and (b) is a direct, wholly-owned Subsidiary of Buyer.

 

Section
6.8 Litigation. Except as set forth in Section 6.8 of the Buyer Disclosure Letter, there is no Legal Action pending, or
to the Knowledge of Buyer, threatened against Buyer or any of its Subsidiaries or any of their respective properties or assets or, to
the Knowledge of Buyer, any officer or director of Buyer or any of its Subsidiaries in their capacities, that, in each case, individually
or in the aggregate, challenges, or could have the effect of preventing, delaying, hindering, impeding, making illegal, imposing limitations
or conditions on, or otherwise interfering with, any of the transactions contemplated by this Agreement or the other Ancillary Documents.

 

Section
6.9 SEC Filings; Financial Statements; Undisclosed Liabilities.

 

(a)
SEC Filings. Buyer has timely filed with or furnished to, as applicable, the SEC all Buyer SEC Documents required to be filed
or furnished by it with the SEC since June 30, 2021. True, correct, and complete copies of all the Buyer SEC Documents are publicly available
on EDGAR. As of their respective filing dates or, if amended or superseded by a subsequent filing prior to the date hereof, as of the
date of the last such amendment or superseding filing (and, in the case of registration statements and proxy statements, on the dates
of effectiveness and the dates of the relevant meetings, respectively), each of the Buyer SEC Documents complied as to form in all material
respects with the applicable requirements of the Securities Act, the Exchange Act, and the Sarbanes-Oxley Act, and the rules and regulations
of the SEC thereunder applicable to such Buyer SEC Documents. None of the Buyer SEC Documents, including any financial statements, schedules,
or exhibits included or incorporated by reference therein at the time they were filed (or, if amended or superseded by a subsequent filing
prior to the date hereof, as of the date of the last such amendment or superseding filing), contained any untrue statement of a material
fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in light
of the circumstances under which they were made, not misleading. To the Knowledge of Buyer, none of the Buyer SEC Documents is the subject
of ongoing SEC review or outstanding SEC investigation and there are no outstanding or unresolved comments received from the SEC with
respect to any of the Buyer SEC Documents. None of Buyer’s Subsidiaries is required to file or furnish any forms, reports, or other
documents with the SEC and neither Buyer nor any of its Subsidiaries is required to file or furnish any forms, reports, or other documents
with any securities regulation (or similar) regime of a non-United States Governmental Entity.

 

(b)
Financial Statements. Each of the consolidated financial statements (including, in each case, any notes and schedules thereto)
contained in or incorporated by reference into the Buyer SEC Documents: (i) complied as to form in all material respects with the published
rules and regulations of the SEC with respect thereto as of their respective dates; (ii) was prepared in accordance with GAAP applied
on a consistent basis throughout the periods involved (except as may be indicated in the notes thereto and, in the case of unaudited
interim financial statements, as may be permitted by the SEC for Quarterly Reports on Form 10-Q or other rules and regulations of the
SEC); and (iii) fairly presented in all material respects the consolidated financial position and the results of operations and cash
flows of Buyer and its consolidated Subsidiaries as of the respective dates of and for the periods referred to in such financial statements,
subject, in the case of unaudited interim financial statements, to normal and year-end audit adjustments as permitted by the applicable
rules and regulations of the SEC (but only if the effect of such adjustments would not, individually or in the aggregate, be material).

 

    	40

    	 

    

 

(c)
Undisclosed Liabilities. The audited balance sheet of Buyer dated as of June 30, 2021 contained in the Buyer SEC Documents filed
prior to the date hereof is hereinafter referred to as the “Buyer Balance Sheet.” Neither Buyer nor any of its Subsidiaries
has any Liabilities other than Liabilities that: (i) are reflected or reserved against in the Buyer Balance Sheet (including in the notes
thereto); (ii) were incurred since the date of the Buyer Balance Sheet in the ordinary course of business consistent with past practice;
(iii) are incurred in connection with the transactions contemplated by this Agreement; or (iv) would not reasonably be expected to have,
individually or in the aggregate, a Buyer Material Adverse Effect.

 

(d)
NASDAQ Compliance. Buyer is in compliance in all material respects with all of the applicable listing and corporate governance
rules of NASDAQ.

 

Section
6.10 No Other Representations. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS SECTION 6 (as
modified by the BUYER Disclosure LETTER), BUYER MAKES NO EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY, AND BUYER HEREBY DISCLAIMS
ANY SUCH REPRESENTATION OR WARRANTY, WITH RESPECT TO THE EXECUTION AND DELIVERY OF THIS AGREEMENT AND THE OTHER ANCILLARY
DOCUMENTS AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THEREUNDER.

 

ARTICLE
VII

TAX MATTERS

 

Section
7.1 Tax Matters.

 

(a)
The Sellers shall prepare and timely file, or cause to be prepared and timely filed, all Tax Returns required to be filed by Company
that (i) are due on or before the Closing Date (taking into account any extensions) or (ii) are income Tax Returns for any Pre-Closing
Tax Period, and shall timely pay all Taxes that are due and payable on or before the Closing Date (taking into account any extensions).
Any such Tax Return shall be prepared in a manner consistent with past practice (unless otherwise required by Law).

 

(b)
Buyer shall prepare and timely file, or cause to be prepared and timely filed, all Tax Returns required to be filed by the Company after
the Closing Date other than those described in Section 7.1(a). Any such Tax Return shall be prepared in a manner consistent with
past practice (unless otherwise required by Law) and, if it is an income or other material Tax Return, shall be submitted by Buyer to
Sellers’ Representative (together with schedules, statements and, to the extent requested by Sellers’ Representative, supporting
documentation) at least twenty (20) days prior to the due date (including extensions) of such Tax Return. If Sellers’ Representative
objects to any item on any such Tax Return that relates to a Pre-Closing Tax Period, it shall, within ten (10) days after delivery of
such Tax Return, notify Buyer in writing that it so objects, specifying with particularity any such item and stating the specific factual
or legal basis for any such objection. If a notice of objection shall be duly delivered, Buyer and Sellers’ Representative shall
negotiate in good faith and use their reasonable best efforts to resolve such items. If Buyer and Sellers’ Representative are unable
to reach such agreement within ten (10) days after receipt by Buyer of such notice, the disputed items shall be resolved by the Independent
Accountant and any determination by the Independent Accountant shall be final. The Independent Accountant shall resolve any disputed
items within twenty (20) days of having the item referred to it pursuant to such procedures as it may require. If the Independent Accountant
is unable to resolve any disputed items before the due date for such Tax Return, the Tax Return shall be filed as prepared by Buyer and
then amended to reflect the Independent Accountant’s resolution. The costs, fees and expenses of the Independent Accountant shall
be borne equally by Buyer and Sellers’ Representative. The preparation and filing of any Tax Return of the Company that does not
relate to a Pre-Closing Tax Period or Straddle Period shall be exclusively within the control of Buyer.

 

    	41

    	 

    

 

Section
7.2 Straddle Period. In the case of Taxes that are payable with respect to a taxable period that begins before and ends after
the Closing Date (each such period, a “Straddle Period”), the portion of any such Taxes that are treated as Pre-Closing
Taxes for purposes of this Agreement shall be: (a) in the case of Taxes (i) based upon, or related to, income, receipts, profits, wages,
capital or net worth, (ii) imposed in connection with the sale, transfer or assignment of property, or (iii) required to be withheld,
deemed equal to the amount which would be payable if the taxable year ended with the Closing Date; and (b) in the case of other Taxes,
deemed to be the amount of such Taxes for the entire period multiplied by a fraction the numerator of which is the number of days in
the period ending on the Closing Date and the denominator of which is the number of days in the entire period.

 

Section
7.3 Contests. Buyer agrees to give written notice to Sellers’ Representative of the receipt of any written notice by the
Company, Buyer or any of Buyer’s Affiliates which involves the assertion of any claim, or the commencement of any Action, in respect
of which an indemnity may be sought by Buyer pursuant to this Agreement (a “Tax Claim”); provided, that failure
to comply with this provision shall not affect Buyer’s right to indemnification hereunder. Sellers’ Representative shall
control the contest or resolution of any Tax Claim; provided, however, that Sellers’ Representative shall obtain
the prior written consent of Buyer (which consent shall not be unreasonably withheld, conditioned or delayed) before entering into any
resolution or settlement of any Tax Claim. Buyer shall be entitled to participate in the defense of such claim and to employ counsel
of its choice for such purpose, the fees and expenses of which separate counsel shall be borne solely by Buyer.

 

Section
7.4 Amendment of Tax Returns, etc. Without the prior written consent of the Sellers’ Representative (which consent shall
not be unreasonably withheld, conditioned, or delayed), the Buyer will not and will not cause or permit the Company to (A) grant an extension
of any applicable statute of limitations with respect to any Pre-Closing Tax Period, (B) take any action from and after the Closing Date
including but not limited to the distribution of any dividend or the effectuation of any redemption, that could give rise to any Tax
liability or reduce any Tax asset of the Sellers in respect of any Pre-Closing Tax Period, (C) make any election or deemed election under
Section 338 of the Code in connection with this transaction, or (D) make or change any Tax election, initiate a voluntary disclosure
with respect to any Tax, amend any Tax Return or take any Tax position on any Tax Return, take any action, omit to take any action or
enter into any transaction, merger or restructuring that results, in each case, in any increased Tax liability in respect of any Pre-Closing
Tax Period.

 

Section
7.5 Tax Refunds and Credits. Any refund (or credit received in lieu of a refund) of Taxes of the Company for any Pre-Closing Tax
Period, that is actually received by the Buyer or the Company shall be for the account of the Sellers. Promptly upon receipt, the Buyer
or the Company shall pay the amount of any such refund (or the amount of the credit received in lieu of such refund) to the Sellers,
in accordance with their Pro Rata Portion, by wire transfer of immediately available funds to one or more account(s) designated in writing
by the Sellers’ Representative, net of any expenses or costs incurred by the Buyer the Company in connection with the receipt of
the refund (or credit) and any Taxes of such relevant party attributable to such refund (or credit). The Buyer shall, at the written
request of Sellers, use commercially reasonable efforts to make any necessary filings to claim available income Tax refunds.

 

Section
7.6 Cooperation and Exchange of Information. The Sellers’ Representative, the Company and Buyer shall provide each other
with such cooperation and information as either of them reasonably may request of the others in filing any Tax Return pursuant to this
ARTICLE VII or in connection with any audit or other proceeding in respect of Taxes of the Company. Such cooperation and information
shall include providing copies of relevant Tax Returns or portions thereof, together with accompanying schedules, related work papers
and documents relating to rulings or other determinations by tax authorities. Each of Sellers’ Representative, the Company and
Buyer shall retain all Tax Returns, schedules and work papers, records and other documents in its possession relating to Tax matters
of the Company for any taxable period beginning before the Closing Date until the expiration of the statute of limitations of the taxable
periods to which such Tax Returns and other documents relate, without regard to extensions except to the extent notified by any of the
other parties in writing of such extensions for the respective Tax periods. Prior to transferring, destroying or discarding any Tax Returns,
schedules and work papers, records and other documents in its possession relating to Tax matters of the Company for any taxable period
beginning before the Closing Date, Sellers’ Representative, the Company or Buyer (as the case may be) shall provide the other parties
with reasonable written notice and offer the other parties the opportunity to take custody of such materials.

 

    	42

    	 

    

 

Section
7.7 Survival. Notwithstanding anything in this Agreement to the contrary, the provisions of Section 4.6 and this ARTICLE
VII shall survive for the full period of all applicable statutes of limitations (giving effect to any waiver, mitigation or extension
thereof) plus 60 days.

 

Section
7.8 Overlap. To the extent that any obligation or responsibility pursuant to ARTICLE X may overlap with an obligation or
responsibility pursuant to this ARTICLE VII, the provisions of this ARTICLE VII shall govern.

 

ARTICLE
VIII

Covenants

 

Section
8.1 Conduct of the Business. During the period from the date of this Agreement until the Effective Time, Company shall, except
as expressly permitted or required by this Agreement or as required by applicable Law, or with the prior written consent of Buyer (which
consent shall not be unreasonably withheld, conditioned, or delayed), conduct its business in the ordinary course consistent with past
practice in all material respects and shall minimize the hiring of any new employees, other than any new employee hired to (i) fulfill
a position described on Section 8.1(i) of Company Disclosure Letter or (ii) replace any current employee that departs from the Company
after the date hereof (the “Permitted Hires”). Without limiting the generality of the foregoing, between the date
of this Agreement and the Effective Time, except as otherwise expressly required by this Agreement or as required by applicable Law,
Company shall not, without the prior written consent of Buyer, which consent shall not be unreasonably withheld, conditioned, or delayed:

 

(a)
enter into any Contracts that provide for payments by the Company in excess of $100,000 in any calendar year (other than in connection
with any Permitted Hire);

 

(b)
authorize or make payments of corporate expenses in excess of $20,000 on a monthly basis (other than in connection with any Permitted
Hire);

 

(c)
amend its Charter Documents;

 

(d)
(i) split, combine, or reclassify any securities in a manner that would adversely affect the other party or the holders of the other
party’s securities relative to the other holders of the first party’s securities, (ii) repurchase, redeem, or otherwise acquire,
or offer to repurchase, redeem, or otherwise acquire, any of its securities, or (iii) declare, set aside, or pay any distribution (in
property other than cash) in respect of, or enter into any Contract with respect to the voting of, any Company Membership Units;

 

(e)
issue, sell, pledge, dispose of, or encumber any securities;

 

(f)
acquire, by merger, consolidation, acquisition of stock or assets, or otherwise, any business or Person or division thereof or make any
loans, advances, or capital contributions to or investments in any Person, in each case that would reasonably be expected to prevent,
impede, or materially delay the consummation of the Merger or other transactions contemplated by this Agreement;

 

    	43

    	 

    

 

(g)
adopt or effect a plan of complete or partial liquidation, dissolution, restructuring, recapitalization, or other reorganization; or

 

(h)
agree or commit to do any of the foregoing.

 

Section
8.2 Access to Information. From the date of this Agreement until the earlier to occur of the Effective Time or the termination
of this Agreement in accordance with the terms set forth in ARTICLE XI, Company shall afford to Buyer and Buyer’s Representatives
reasonable access, at reasonable times and in a manner as shall not unreasonably interfere with the business or operations of Company,
to the officers, employees, accountants, agents, properties, offices, and other facilities and to all books, records, contracts, and
other assets of Company and its Subsidiaries, and Company shall furnish promptly to Buyer such other information concerning the business
and properties of Company as Buyer may reasonably request from time to time. Company shall not be required to provide access to or disclose
information where such access or disclosure would jeopardize the protection of attorney-client privilege or contravene any Law (it being
agreed that the parties shall use their reasonable best efforts to cause such information to be provided in a manner that would not result
in such jeopardy or contravention). No investigation shall affect Company’s representations, warranties, covenants, or agreements
contained herein, or limit or otherwise affect the remedies available to Buyer or Merger Sub pursuant to this Agreement. Buyer shall,
and shall cause its Representatives and Affiliates to, hold information received from Company pursuant to this Section 8.2 in
confidence in accordance with the terms of the Mutual Confidentiality and Non-Circumvention Agreement, dated as of September 9, 2021,
between Buyer and Company.

 

Section
8.3 Non-Circumvention.

 

(a)
From the date of this Agreement until the earlier to occur of the Effective Time or the termination of this Agreement in accordance with
the terms set forth in ARTICLE XI, each Seller and the Company shall not authorize or permit any of directors, officers, employees,
investment bankers, attorneys, accountants, consultants, or other agents or advisors (with respect to any Person, the foregoing Persons
are referred to herein as such Person’s “Representatives”) to, directly or indirectly, (i) encourage, solicit,
initiate, facilitate or continue inquiries regarding an Acquisition Proposal; (ii) enter into discussions or negotiations with, or provide
any information to, any Person concerning a possible Acquisition Proposal; or (iii) enter into any agreements or other instruments (whether
or not binding) regarding an Acquisition Proposal. Each Seller shall immediately cease and cause to be terminated, and shall cause its
Affiliates (including the Company) and all of its and their Representatives to immediately cease and cause to be terminated, all existing
discussions or negotiations with any Persons conducted heretofore with respect to, or that could lead to, an Acquisition Proposal. For
purposes hereof, “Acquisition Proposal” shall mean any inquiry, proposal or offer from any Person (other than Buyer
or any of its Affiliates) concerning (i) a merger, consolidation, liquidation, recapitalization, exchange or other business combination
transaction involving the Company; (ii) the issuance or acquisition of Company Membership Units by a third-party; or (iii) the sale,
lease, exchange or other disposition of any significant portion of the Company’s properties or assets. Immediately following the
execution and delivery of this Agreement, Buyer, as sole member of Merger Sub, shall adopt this Agreement and approve the Merger, in
accordance with the NRS. Buyer shall cause Merger Sub to perform its obligations under this Agreement and to consummate the Merger on
the terms and conditions set forth in this Agreement.

 

    	44

    	 

    

 

Section
8.4 Notices of Certain Events. Subject to applicable Law, Company shall notify Buyer and Merger Sub, and Buyer and Merger Sub
shall notify Company, promptly of: (a) any notice or other communication from any Person alleging that the consent of such Person is
or may be required in connection with the transactions contemplated by this Agreement; (b) any notice or other communication from any
Governmental Entity in connection with the transactions contemplated by this Agreement; and (c) any event, change, or effect between
the date of this Agreement and the Effective Time which individually or in the aggregate causes or is reasonably likely to cause or constitute
the failure of any of the conditions set forth in Article IX of this Agreement to be satisfied; provided that, the delivery
of any notice pursuant to this Section 8.4 shall not cure any breach of, or noncompliance with, any other provision of this Agreement
or limit the remedies available to the party receiving such notice.

 

Section
8.5 Directors’ and Officers’ Indemnification and Insurance.

 

(a)
Indemnification. Buyer and Merger Sub agree that all rights to indemnification, advancement of expenses, and exculpation by Company
now existing in favor of each Person who is now, or has been at any time prior to the date hereof or who becomes prior to the Effective
Time an officer or Manager of Company (each an “D&O Indemnified Party”) as provided in the Charter Documents of
Company, in each case as in effect on the date of this Agreement, or pursuant to any other Contracts in effect on the date hereof and
disclosed in Section 4.15 of Company Disclosure Letter, shall be assumed by the Surviving Entity in the Merger, without further
action, at the Effective Time and shall survive the Merger and shall remain in full force and effect in accordance with their terms.
For a period of six years from the Effective Time, the Surviving Entity shall, and Buyer shall cause the Surviving Entity to, maintain
in effect the exculpation, indemnification, and advancement of expenses equivalent to the provisions of the Charter Documents of Company
as in effect immediately prior to the Effective Time with respect to acts or omissions by any D&O Indemnified Party occurring prior
to the Effective Time, and shall not amend, repeal, or otherwise modify any such provisions in any manner that would adversely affect
the rights thereunder of any D&O Indemnified Party; provided that all rights to indemnification in respect of any claim made
for indemnification within such period shall continue until the disposition of such action or resolution of such claim.

 

(b)
Survival. The obligations of Buyer, Merger Sub, and the Surviving Entity under this Section 8.5 shall survive the consummation
of the Merger and shall not be terminated or modified in such a manner as to adversely affect any D&O Indemnified Party to whom this
Section 8.5 applies without the consent of such affected D&O Indemnified Party (it being expressly agreed that the D&O
Indemnified Parties to whom this Section 8.5 applies shall be third party beneficiaries of this Section 8.5, each of whom
may enforce the provisions of this Section 8.5).

 

(c)
Assumptions by Successors and Assigns; No Release or Waiver. In the event Buyer, the Surviving Entity, or any of their respective
successors or assigns: (i) consolidates with or merges into any other Person and shall not be the continuing or surviving corporation
or entity in such consolidation or merger; or (ii) transfers all or substantially all of its properties and assets to any Person, then,
and in either such case, proper provision shall be made so that the successors and assigns of Buyer or the Surviving Entity, as the case
may be, shall assume all of the obligations set forth in this Section 8.5. The agreements and covenants contained herein shall
not be deemed to be exclusive of any other rights to which any D&O Indemnified Party is entitled, whether pursuant to Law, Contract,
or otherwise. Nothing in this Agreement is intended to, shall be construed to, or shall release, waive, or impair any rights to directors’
and officers’ insurance claims under any policy that is or has been in existence with respect to Company or its officers, directors,
and employees, it being understood and agreed that the indemnification provided for in this Section 8.5 is not prior to, or in
substitution for, any such claims under any such policies.

 

    	45

    	 

    

 

Section
8.6 Reasonable Best Efforts.

 

(a)
Governmental and Other Third-Party Approval; Cooperation and Notification. Upon the terms and subject to the conditions set forth
in this Agreement (including those contained in this Section 8.6), each of the parties hereto shall, and shall cause its Subsidiaries
to, use its reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate
with the other parties in doing, all things necessary, proper, or advisable to consummate and make effective, and to satisfy all conditions
to, in the most expeditious manner practicable/as promptly as reasonably practicable (and in any event no later than the End Date), the
Merger and the other transactions contemplated by this Agreement, including: (i) the obtaining of all necessary Permits, waivers, and
actions or nonactions from Governmental Entities and the making of all necessary registrations, filings, and notifications (including
filings with Governmental Entities) and the taking of all steps as may be necessary to obtain an approval or waiver from, or to avoid
an action or proceeding by, any Governmental Entities; (ii) the obtaining of all necessary consents or waivers from third parties; and
(iii) the execution and delivery of any additional instruments necessary to consummate the Merger and to fully carry out the purposes
of this Agreement. Company and Buyer shall, subject to applicable Law, promptly: (A) cooperate and coordinate with the other in the taking
of the actions contemplated by clauses (i), (ii), and (iii) immediately above; and (B) supply the other with any information that may
be reasonably required in order to effectuate the taking of such actions. Each party hereto shall promptly inform the other party or
parties hereto, as the case may be, of any communication from any Governmental Entity regarding any of the transactions contemplated
by this Agreement. If Company, on the one hand, or Buyer or Merger Sub, on the other hand, receives a request for additional information
or documentary material from any Governmental Entity with respect to the transactions contemplated by this Agreement, then it shall use
reasonable best efforts to make, or cause to be made, as soon as reasonably practicable and after consultation with the other party,
an appropriate response in compliance with such request, and, if permitted by applicable Law and by any applicable Governmental Entity,
provide the other party’s counsel with advance notice and the opportunity to attend and participate in any meeting with any Governmental
Entity in respect of any filing made thereto in connection with the transactions contemplated by this Agreement.

 

(b)
Actions or Proceedings. In the event that any administrative or judicial action or proceeding is instituted (or threatened to
be instituted) by a Governmental Entity or private party challenging the Merger or any other transaction contemplated by this Agreement,
or any other agreement contemplated hereby, each party shall cooperate in all respects with the other parties and shall use its reasonable
best efforts to contest and resist any such action or proceeding and to have vacated, lifted, reversed, or overturned any Order, whether
temporary, preliminary, or permanent, that is in effect and that prohibits, prevents, or restricts consummation of the transactions contemplated
by this Agreement.

 

(c)
No Divestitures; Other Limitations. Notwithstanding anything to the contrary set forth in this Agreement, none of the parties,
or any of their respective Subsidiaries shall be required to, and may not, without the prior written consent of the other parties, become
subject to, consent to, or offer or agree to, or otherwise take any action with respect to, any requirement, condition, limitation, understanding,
agreement, or Order to: (i) sell, license, assign, transfer, divest, hold separate, or otherwise dispose of any assets, business, or
portion of business of Company, the Surviving Entity, Buyer, Merger Sub, or any of their respective Subsidiaries; (ii) conduct, restrict,
operate, invest, or otherwise change the assets, business, or portion of business of Company, the Surviving Entity, Buyer, Merger Sub,
or any of their respective Subsidiaries in any manner; or (iii) impose any restriction, requirement, or limitation on the operation of
the business or portion of the business of Company, the Surviving Entity, Buyer, Merger Sub, or any of their respective Subsidiaries.

 

Section
8.7 Public Announcements. Buyer, in its sole discretion, may issue or cause the publication of any press release or public announcement
with respect to this Agreement or the transactions contemplated hereby without the consent of Sellers or the Company; provided,
that, to the extent permitted by Law, the Sellers’ Representative shall be given at least 24 hours’ prior written notice
of any such publication and shall have the right to review and provide comments for Buyer’s good faith consideration.

 

    	46

    	 

    

 

Section
8.8 Anti-Takeover Statutes. If any “control share acquisition,” “fair price,” “moratorium,”
or other anti-takeover Law becomes or is deemed to be applicable to Buyer, Merger Sub, Company, the Merger, or any other transaction
contemplated by this Agreement, then each of Company and Sellers on the one hand, and Buyer and the Buyer Board on the other hand, shall
grant such approvals and take such actions as are necessary so that the transactions contemplated hereby may be consummated as promptly
as practicable on the terms contemplated hereby and otherwise act to render such anti-takeover Law inapplicable.

 

Section
8.9 Reorganization Efforts. Each of Company and Buyer shall (and Company and Buyer shall cause their respective Subsidiaries to)
use its reasonable best efforts to cause the Merger to qualify, and not take or fail to take any action which action (or failure to act)
would reasonably be expected to prevent or impede the Merger from qualifying, as a “reorganization” within the meaning of
Section 368(a) of the Code.

 

Section
8.10 Transfer Taxes. Any and all transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and
fees (including any penalties and interest) incurred in connection with the transactions contemplated by this Agreement and the Ancillary
Documents (including any real property transfer Tax and any other similar Tax) shall be paid equally by Buyer, on the one hand, and Company,
on the other. Buyer and Company shall cooperate, at their joint and equal expense, in timely filing any Tax Return or other document
with respect to such Taxes or fees.

 

Section
8.11 Continuing Employees. The Surviving Entity shall offer employment to any Continuing Employee, effective from and after the
Closing Date, on such terms as it may determine (except that offers of employment to Tyler Gates and Erik Muendel shall be on the terms
set forth in their respective agreements included in the Ancillary Documents). Notwithstanding the foregoing, Buyer shall provide to
each Continuing Employee for a period of one (1) year following the Closing (or through their termination date if earlier) with (a) annual
base salaries and base wages that are no less than those provided immediately prior to the Closing, (b) cash incentive compensation opportunities
that are no less favorable than those provided immediately prior to the Closing, and (c) benefit plans that are substantially similar
in the aggregate to those provided immediately prior to the Closing, but excluding any equity based compensation or change of control
or retention incentives. To the extent Buyer does not continue a Company Employee Plan, Buyer will make its employee benefit plans and
arrangements available to Continuing Employees as follows: Buyer shall credit Continuing Employees with their period of employment with
Company or its applicable Affiliate for purposes of eligibility, vesting, participation and benefit accrual (but not benefit accrual
under any defined benefit pension plan) in any “employee benefit plan” (as such term is defined by Section 3(3) of ERISA)
maintained by Buyer or one of its Affiliates and any vacation, sick, paid-time off, severance pay plan, program or arrangement offered
by Buyer or one of its Affiliates, as applicable (collectively, the “Buyer Benefit Plans”), for which such Continuing
Employees are eligible, effective as of the date of eligibility. In addition, from and after the Closing Date, Buyer shall use commercially
reasonable efforts to (x) cause any pre-existing conditions or limitations and eligibility waiting periods under any Buyer Benefit Plan
that is a group health plan to be waived with respect to the Continuing Employees and their eligible dependents to the extent such conditions,
limitations, and waiting periods were waived or satisfied under the corresponding Company Employee Plans and (y) give each of the Continuing
Employees credit for the plan year in which the Closing occurs toward applicable deductibles and annual out of pocket limits for expenses
incurred prior to the Closing for which payment has been made. In addition, Buyer shall take any and all actions as may be required to
permit each Continuing Employee to make rollover contributions of “eligible rollover distributions” (within the meaning of
Section 401(a)(31) of the Code, including plan loans) to a Buyer Benefit Plan that includes a cash or deferred arrangement under Section
401(k) of the Code for which such Continuing Employees are eligible, effective as of the date of eligibility, in an amount equal to any
eligible rollover distribution made to such Continuing Employee from the Company’s 401(k) plan or other applicable tax-qualified
retirement plan (including any plan loans). Notwithstanding the foregoing, nothing in this Section 8.11 shall operate to result
in a duplication of benefits. Nothing in this Section 8.11, whether express or implied, shall (x) create any rights to continued
employment with the Company, the Buyer or any of their Affiliates or in any way prohibit the Buyer, the Company or any of their Affiliates
from terminating the employment of any Continuing Employee at any time and for any reason, (y) be construed as an amendment of any Company
Plan or Buyer Benefit Plan or (z) grant any third party beneficiary rights under this Agreement to any Person. Notwithstanding anything
to the contrary set forth in this Agreement, no provision of this Agreement shall be deemed to (i) guarantee employment for any period
of time for, or preclude the ability of Buyer or the Surviving Entity to terminate, any Continuing Employee for any reason, (ii) require
Buyer or the Surviving Entity to continue any Company Employee Plan or prevent the amendment, modification or termination thereof after
the Effective Time, (iii) be construed as an amendment of any Company Employee Plan or Buyer Benefit Plan, (iv) grant any third party
beneficiary rights under this Agreement to any Person or (v) restrict Buyer or the Surviving Entity from reducing the annual base salary,
base wage or cash incentive compensation opportunities of any Continuing Employee, so long as such reduction is consistent (in amount
and duration) with a company-wide reduction in the annual base salaries, base wages or cash incentive compensation opportunities of the
employees of the Buyer and its Subsidiaries generally.

 

    	47

    	 

    

 

Section
8.12 Non-Competition. Non-Solicitation.

 

(a)
For a period of three years commencing on the Closing Date (the “Restricted Period”), each of Erik Muendel and Tyler
Gates shall not, and shall not permit any of its controlled Affiliates to, directly or indirectly, (i) engage in or assist others in
engaging in any business that competes with the business engaged in by Company as of the Closing Date (the “Restricted Business”)
anywhere in the world (the “Territory”); (ii) have an interest in any Person that engages directly or indirectly in
the Restricted Business in the Territory in any capacity, including as a partner, shareholder, member, employee, principal, agent, trustee
or consultant; or (iii) cause, induce or encourage any material actual or prospective client or customer of Company during the one-year
period preceding the prohibited conduct with whom the applicable Seller has had substantial dealings or supervisory authority (each,
a “Covered Customer”) to terminate or modify any such actual or prospective relationship. Notwithstanding the foregoing,
such Seller may (1) engage in the activities set forth on Section 8.12 of the Company Disclosure Letter or (2) own, directly or indirectly,
solely as an investment, securities of any Person traded on any national securities exchange or national market system if such Seller
is not a controlling Person of, or a member of a group which controls, such Person and does not, directly or indirectly, own 2% or more
of any class of securities of such Person.

 

(b)
During the Restricted Period, each Seller shall not, and shall not permit any of its controlled Affiliates to, directly or indirectly,
hire or solicit any Person who is offered employment by Buyer pursuant hereto or is or was employed by the Buyer during the Restricted
Period, or encourage any such employee to leave such employment or hire any such employee who has left such employment, except pursuant
to a general solicitation which is not directed specifically to any such employees; provided, that nothing in this Section
8.12(b) shall prevent such Seller or any of its Affiliates from hiring (i) any employee whose employment has been terminated by Buyer
or (ii) after 180 days from the date of termination of employment, any employee whose employment has been terminated by the employee.

 

(c)
Each Seller acknowledges that a breach or threatened breach of this Section 8.12 may give rise to irreparable harm to Buyer, for
which monetary damages would not be an adequate remedy, and hereby agrees that in the event of a breach or a threatened breach by such
Seller of any such obligations, Buyer shall, in addition to any and all other rights and remedies that may be available to it in respect
of such breach, be entitled to equitable relief, including a temporary restraining order, an injunction, specific performance and any
other relief that may be available from a court of competent jurisdiction (without any requirement to post bond).

 

    	48

    	 

    

 

Section
8.13 Further Assurances. At and after the Effective Time, the officers and directors of the Surviving Entity shall be authorized
to execute and deliver, in the name and on behalf of Surviving Entity, any deeds, bills of sale, assignments, or assurances and to take
and do, in the name and on behalf of Company or Merger Sub, any other reasonable actions and things to vest, perfect, or confirm of record
or otherwise in the Surviving Entity any and all right, title, and interest in, to and under any of the rights, properties, or assets
of Company acquired or to be acquired by the Surviving Entity as a result of, or in connection with, the Merger, pursuant to the terms
of this Agreement. Buyer shall cause Merger Sub to perform its obligations under this Agreement and to consummate the Merger on the terms
and conditions set forth in this Agreement.

 

ARTICLE
IX

Conditions TO CLOSING

 

Section
9.1 Conditions to Obligation of Buyer to Effect the Closing. The obligation of Buyer and Merger Sub to effect the Closing is subject
to the satisfaction or waiver by Buyer, at or prior to the Closing Date, of each of the following conditions:

 

(a)
Representations and Warranties. The representations and warranties of Company set forth in ARTICLE IV and of Sellers in
ARTICLE V of this Agreement shall be true and correct in all respects (without giving effect to any limitation indicated by the
words “Company Material Adverse Effect,” “in all material respects,” “in any material respect,” “material,”
or “materially”) as of the date of this Agreement and as of the Closing Date, as if made on and as of such date (except those
representations and warranties that address matters only as of a particular date, which shall be true and correct in all respects as
of that date), except where the failure of such representations and warranties to be so true and correct would not reasonably be expected
to have, individually or in the aggregate, a Company Material Adverse Effect.

 

(b)
Performance of Covenants. Company shall have performed in all material respects all obligations, and complied in all material
respects with the agreements and covenants, in this Agreement required to be performed by or complied with by it at or prior to the Closing.

 

(c)
Auditor Consent. Buyer shall have received from the Auditors written notice that, in their sole discretion, the preparation of
the Company’s audited financial statements has made sufficient progress as of the date of such notice (provided, that, notwithstanding
anything in this Agreement to the contrary, the condition set forth in this Section 9.1(c) shall automatically be deemed satisfied
beginning on August 1, 2022).

 

(d)
Company Material Adverse Effect. Since the date of this Agreement, there shall not have been any Company Material Adverse Effect
or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Company Material Adverse
Effect.

 

(e)
Officers Certificate. Buyer will have received a certificate, signed by the chief executive officer or chief financial officer
of Company, certifying as to the matters set forth in Section 9.1(a) and Section 9.1(b) hereof.

 

Section
9.2 Conditions to Obligations of Company to Effect the Closing. The obligation of Company to effect the Closing is subject to
the satisfaction or waiver by Company, at or prior to the Closing Date, of each of the following conditions:

 

(a)
Representations and Warranties. (i) The representations and warranties of Buyer and Merger Sub (other than Section 6.2)
set forth in ARTICLE VI of this Agreement shall be true and correct in all respects (without giving effect to any limitation indicated
by the words “Buyer Material Adverse Effect,” “in all material respects,” “in any material respect,”
“material,” or “materially”) as of the date of this Agreement and as of the Closing Date, as if made on and as
of such date (except those representations and warranties that address matters only as of a particular date, which shall be true and
correct in all respects as of that date), except where the failure of such representations and warranties to be so true and correct would
not reasonably be expected to have, individually or in the aggregate, a Buyer Material Adverse Effect; and (ii) the representations and
warranties of Buyer and Merger Sub contained in Section 6.2 will be true and correct (other than de minimis inaccuracies)
as of the date of this Agreement and as of the Closing Date, as if made on and as of such date (except those representations and warranties
that address matters only as of a particular date, which shall be true and correct in all material respects as of that date).

 

    	49

    	 

    

 

(b)
Performance of Covenants. Buyer and Merger Sub shall have performed in all material respects all obligations, and complied in
all material respects with the agreements and covenants, of this Agreement required to be performed by or complied with by them at or
prior to the Closing.

 

(c)
Buyer Material Adverse Effect. Since the date of this Agreement, there shall not have been any Buyer Material Adverse Effect or
any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Buyer Material Adverse Effect.

 

(d)
Officers Certificate. Company will have received a certificate, signed by an officer of Buyer, certifying as to the matters set
forth in Section 9.2(a), Section 9.2(b), and Section 9.2(c).

 

(e)
Listing. The shares of Buyer Stock constituting the Buyer Stock Consideration shall have been approved for listing on NASDAQ,
subject to official notice of issuance.

 

ARTICLE
X

INDEMNIFICATION

 

Section
10.1 Survival. Subject to the limitations and other provisions of this Agreement, the representations and warranties contained
herein shall survive the Closing and shall remain in full force and effect until the date that is the eighteen (18) month anniversary
of the Closing Date; provided, that (i) the representations and warranties in Section 4.1 (Organization; Standing and
Power), Section 4.2 (Capital Structure), Section 4.3(a) (Authority), Section 4.6 (Taxes) and Section
4.10 (Brokers) (the “Company Fundamental Reps”) shall survive until the applicable statute of limitations,
(ii) the representations and warranties in Section 4.7 (Intellectual Property) (the “Intellectual Property Reps”)
shall survive until the date that is the twenty-four (24) month anniversary of the Closing Date, and (iii) the representations and warranties
in Section 6.1 (Organization; Standing and Power; Charter Documents), Section 6.2 (Capitalization), Section
6.3(a) (Authority), and Section 6.5 (Brokers) (the “Buyer Fundamental Reps”) shall survive
until the applicable statute of limitations. All covenants and agreements of the parties contained herein that require performance after
the Closing shall survive the Closing until fully performed or observed in accordance with their terms. Notwithstanding the foregoing,
any claims asserted in good faith with reasonable specificity (to the extent known at such time) and in writing by notice from the Indemnified
Party to the Indemnifying Party prior to the expiration date of the applicable survival period shall not thereafter be barred by the
expiration of the relevant representation or warranty and such claims shall survive until finally resolved.

 

    	50

    	 

    

 

Section
10.2 Indemnification by Sellers. Subject to the other terms and conditions of this ARTICLE X, Sellers, severally and not
jointly (in accordance with their Pro Rata Portion), shall indemnify and defend each of Buyer and its Affiliates (including the Surviving
Entity after the Closing) and their respective Representatives (collectively, the “Buyer Indemnitees”) against, and
shall hold each of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred or sustained
by, or imposed upon, the Buyer Indemnitees based upon, arising out of, with respect to or by reason of:

 

(a)
any inaccuracy in or breach of any of the representations or warranties of the Company or the Sellers contained in this Agreement or
in any certificate delivered by or on behalf of the Company pursuant to Sections 2.3(a)(i)-(iv) of this Agreement, as of the date
such representation or warranty was made or as if such representation or warranty was made on and as of the Closing Date (except for
representations and warranties that expressly relate to a specified date, the inaccuracy in or breach of which will be determined with
reference to such specified date);

 

(b)
any breach or non-fulfillment of any covenant, agreement or obligation to be performed by the Company or the Sellers pursuant to this
Agreement;

 

(c)
any claim made by any Seller relating to such Person’s rights with respect to the Merger Consideration; and

 

(d)
any Disclosed Litigation.

 

Section
10.3 Indemnification by Buyer. Subject to the other terms and conditions of this ARTICLE X, Buyer shall indemnify and defend
each of the Sellers and their Affiliates and their respective Representatives (collectively, the “Seller Indemnitees”)
against, and shall hold each of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred
or sustained by, or imposed upon, the Seller Indemnitees based upon, arising out of, with respect to or by reason of:

 

(a)
any inaccuracy in or breach of any of the representations or warranties of Buyer and Merger Sub contained in this Agreement or in any
certificate delivered by or on behalf of Buyer or Merger Sub pursuant to Sections 2.3(b)(iii)-(v) of this Agreement, as of the
date such representation or warranty was made or as if such representation or warranty was made on and as of the Closing Date (except
for representations and warranties that expressly relate to a specified date, the inaccuracy in or breach of which will be determined
with reference to such specified date); or

 

(b)
any breach or non-fulfillment of any covenant, agreement or obligation to be performed by Buyer or Merger Sub pursuant to this Agreement.

 

Section
10.4 Certain Limitations. The indemnification provided for in Section 10.2 and Section 10.3 shall be subject to
the following limitations:

 

(a)
Sellers shall not be liable to the Buyer Indemnitees for indemnification under Section 10.2(a) until the aggregate amount of all
Losses in respect of indemnification under Section 10.2(a) exceeds $100,000 (the “Basket”), in which event
Sellers shall only be required to pay or be liable for Losses in excess of the Basket. The aggregate amount of all Losses for which Sellers
may be liable pursuant to Section 10.2(a) shall not exceed fifteen percent (15%) of the Purchase Price actually received by the
Sellers (the “Cap”); provided that such limitation shall not apply to any such Losses (i) with respect to breaches
of Company Fundamental Reps, for which the maximum amount recoverable by the Buyer Indemnitees shall be limited to the Purchase Price
actually received by the Sellers and (ii) with respect to breaches of the Intellectual Property Reps, for which the maximum amount recoverable
by the Buyer Indemnitees shall be limited to thirty percent (30%) of the Purchase Price actually received by the Sellers. The aggregate
Liability of a particular Seller in respect of any Loss for which such Seller indemnifies the Buyer Indemnitees pursuant to Section
10.2 shall not exceed an amount equal to the Purchase Price actually received by such Seller pursuant to this Agreement.

 

    	51

    	 

    

 

(b)
Buyer shall not be liable to the Seller Indemnitees for indemnification under Section 10.3(a) until the aggregate amount of all
Losses in respect of indemnification under Section 10.3(a) exceeds the Basket, in which event Buyer shall only be required to
pay or be liable for Losses in excess of the Basket. The aggregate amount of all Losses for which Buyer shall be liable pursuant to Section
10.3(a) shall not exceed the Cap; provided that such limitation shall not apply to any such Losses with respect to breaches
of Buyer Fundamental Reps, for which the maximum amount recoverable by any Seller Indemnitee shall be limited to the Purchase Price actually
received by such Seller.

 

(c)
For purposes of calculating the monetary amount of Losses for which any Legal Action may be made against any Indemnifying Party, (i)
the amount of any Losses corresponding to any inaccuracy in or breach of any representation or warranty shall be determined without regard
to any materiality, Material Adverse Effect or other similar qualification contained in or otherwise applicable to such representation
or warranty, (ii) there shall be no duplication of recovery by reason of the state of facts giving rise to such Losses constituting a
breach of more than one representation, warranty, covenant or agreement (and no Indemnified Party will be entitled to indemnification
or reimbursement under any provision of this Agreement for any amount to the extent such Indemnified Party or its Affiliate has received
indemnification payments for or been reimbursed for such amount under any other provision of this Agreement or any other document executed
in connection with this Agreement (i.e., no double recovery)) and (iii) such monetary amount shall be decreased to the extent of any
amounts actually recovered by an Indemnified Party under applicable insurance policies. Each Indemnified Party agrees that it shall,
and cause its Affiliates to, use commercially reasonable efforts to (x) make or cause to be made all reasonable claims for insurance
under insurance policies that may be applicable to the matter giving rise to the indemnification claim hereunder, and (y) mitigate any
Losses after becoming aware of such Losses or any event or condition that could reasonably be expected to give rise to any such Losses.

 

(d)
Except with respect to an action for which specific performance is sought (and solely to the extent such action seeks such relief), each
Party acknowledges and agrees that its sole and exclusive remedy with respect to all claims relating to any breach, inaccuracy, or nonfulfillment
of any representation, warranty, covenant or agreement in this Agreement or otherwise relating to the transactions contemplated hereby
shall be in accordance with, and limited by, the indemnification provisions set forth in this ARTICLE X. In furtherance of the
foregoing, except with respect to Section 12.11, each Party hereby waives, to the fullest extent permitted under Law, any and
all rights, claims and causes of action for any breach of any representation, warranty, covenant, agreement or obligation set forth herein
or otherwise relating to the subject matter of this Agreement it may have against the other parties hereto and their Affiliates and each
of their respective Representatives arising under or based upon any Law, except pursuant to the indemnification provisions set forth
in this ARTICLE X.

 

Section
10.5 Indemnification Procedures. The party making a claim under this ARTICLE X is referred to as the “Indemnified
Party”, and the party against whom such claims are asserted under this ARTICLE X is referred to as the “Indemnifying
Party”. For purposes of this ARTICLE X, (i) if Buyer (or any other Buyer Indemnitee) comprises the Indemnified Party, any
references to Indemnifying Party (except provisions relating to an obligation to make payments) shall be deemed to refer to Sellers,
and (ii) if Buyer comprises the Indemnifying Party, any references to the Indemnified Party shall be deemed to refer to Sellers. Any
payment received by any Seller as the Indemnified Party shall be distributed to the other Sellers in accordance with this Agreement.

 

    	52

    	 

    

 

(a)
Third Party Claims. If any Indemnified Party receives notice of the assertion or commencement of any Legal Action made or brought
by any Person who is not a party to this Agreement or an Affiliate of a party to this Agreement or a Representative of the foregoing
(a “Third Party Claim”) against such Indemnified Party with respect to which the Indemnifying Party is obligated to
provide indemnification under this Agreement, the Indemnified Party shall give the Indemnifying Party reasonably prompt written notice
thereof, but in any event not later than 30 calendar days after receipt of such notice of such Third Party Claim. The failure to give
such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to
the extent that the Indemnifying Party forfeits rights or defenses by reason of such failure. Such notice by the Indemnified Party shall
describe the Third Party Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate
the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party. The Indemnifying
Party shall have the right to participate in, or by giving written notice to the Indemnified Party, to assume the defense of any Third
Party Claim at the Indemnifying Party’s expense and by the Indemnifying Party’s own counsel, and the Indemnified Party shall
cooperate in good faith in such defense; provided, that if the Indemnifying Party is a Seller, such Indemnifying Party shall not
have the right to defend or direct the defense of any such Third Party Claim that (x) is asserted directly by or on behalf of a Person
that is a then-current material supplier or customer of the Surviving Entity, or (y) seeks an injunction or other equitable relief against
the Indemnified Parties. In the event that the Indemnifying Party assumes the defense of any Third Party Claim, subject to Section
10.5(b), it shall have the right to take such action as it deems necessary to avoid, dispute, defend, appeal or make counterclaims
pertaining to any such Third Party Claim in the name and on behalf of the Indemnified Party. The Indemnified Party shall have the right
to participate in the defense of any Third Party Claim with counsel selected by it subject to the Indemnifying Party’s right to
control the defense thereof. The fees and disbursements of such counsel shall be at the expense of the Indemnified Party, provided,
that if in the reasonable opinion of counsel to the Indemnified Party, (A) there are legal defenses available to an Indemnified Party
that are different from or additional to those available to the Indemnifying Party; or (B) there exists a conflict of interest between
the Indemnifying Party and the Indemnified Party that cannot be waived, the Indemnifying Party shall be liable for the reasonable fees
and expenses of counsel to the Indemnified Party in each jurisdiction for which the Indemnified Party determines counsel is required.
If the Indemnifying Party elects not to compromise or defend such Third Party Claim, fails to promptly notify the Indemnified Party in
writing of its election to defend as provided in this Agreement, or fails to diligently prosecute the defense of such Third Party Claim,
the Indemnified Party may, subject to Section 10.5(b), pay, compromise, defend such Third Party Claim and seek indemnification
for any and all Losses based upon, arising from or relating to such Third Party Claim. Sellers and Buyer shall cooperate with each other
in all reasonable respects in connection with the defense of any Third Party Claim, including making available records relating to such
Third Party Claim and furnishing, without expense (other than reimbursement of actual out-of-pocket expenses) to the defending party,
management employees of the non-defending party as may be reasonably necessary for the preparation of the defense of such Third Party
Claim.

 

(b)
Settlement of Third Party Claims. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not enter
into settlement of any Third Party Claim without the prior written consent of the Indemnified Party, except as provided in this Section
10.5(b). If a firm offer is made to settle a Third Party Claim without leading to liability or the creation of a financial or other
obligation on the part of the Indemnified Party and provides, in customary form, for the unconditional release of each Indemnified Party
from all liabilities and obligations in connection with such Third Party Claim and the Indemnifying Party desires to accept and agree
to such offer, the Indemnifying Party shall give written notice to that effect to the Indemnified Party. If the Indemnified Party fails
to consent to such firm offer within five (5) days after its receipt of such notice, the Indemnified Party may continue to contest or
defend such Third Party Claim and in such event, the maximum liability of the Indemnifying Party as to such Third Party Claim shall not
exceed the amount of such settlement offer. If the Indemnified Party fails to consent to such firm offer and also fails to assume defense
of such Third Party Claim, the Indemnifying Party may settle the Third Party Claim upon the terms set forth in such firm offer to settle
such Third Party Claim. If the Indemnified Party has assumed the defense pursuant to Section 10.5(a), it shall not agree to any
settlement without the written consent of the Indemnifying Party (which consent shall not be unreasonably withheld, conditioned or delayed).

 

    	53

    	 

    

 

(c)
Direct Claims. Any Action by an Indemnified Party on account of a Loss which does not result from a Third Party Claim (a “Direct
Claim”) shall be asserted by the Indemnified Party giving the Indemnifying Party reasonably prompt written notice thereof,
but in any event not later than thirty (30) days after the Indemnified Party becomes aware of such Direct Claim. The failure to give
such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to
the extent that the Indemnifying Party forfeits rights or defenses by reason of such failure. Such notice by the Indemnified Party shall
describe the Direct Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the
estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party. The Indemnifying
Party shall have thirty (30) days after its receipt of such notice to respond in writing to such Direct Claim. The Indemnified Party
shall allow the Indemnifying Party and its professional advisors to investigate the matter or circumstance alleged to give rise to the
Direct Claim, and whether and to what extent any amount is payable in respect of the Direct Claim and the Indemnified Party shall assist
the Indemnifying Party’s investigation by giving such information and assistance (including access to the Company’s premises
and personnel and the right to examine and copy any accounts, documents or records) as the Indemnifying Party or any of its professional
advisors may reasonably request. If the Indemnifying Party does not so respond within such thirty (30) day period, the Indemnifying Party
shall be deemed to have rejected such claim, in which case the Indemnified Party shall be free to pursue such remedies as may be available
to the Indemnified Party on the terms and subject to the provisions of this Agreement.

 

Section
10.6 Payments

 

(a)
Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this ARTICLE X, the Indemnifying
Party shall satisfy its obligations within fifteen (15) Business Days of such final, non-appealable adjudication, in accordance with
Section 10.6(c). The parties hereto agree that should an Indemnifying Party not make full payment of any such obligations within
such fifteen (15) Business Day period, any amount payable shall accrue interest from and including the date of agreement of the Indemnifying
Party or final, non-appealable adjudication to, but excluding, the date such payment has been made at a rate per annum equal to 5%. Such
interest shall be calculated daily on the basis of a 365 day year and the actual number of days elapsed.

 

(b)
Except as expressly set forth herein, any Losses payable to a Buyer Indemnitee pursuant to ARTICLE X shall be satisfied from the
Sellers pro rata, severally and not jointly, in accordance with each Seller’s Pro Rata Portion.

 

(c)
Any indemnification payment owed by a Seller pursuant to this ARTICLE X shall be effected by a combination of (i) a cash payment
(either by wire transfer of immediately available funds to an account designated by the Indemnified Party or, at the Buyer’s option,
by right of set-off (“Right of Set-Off’) against cash payments otherwise payable by Buyer to Sellers hereunder) and
(ii) forfeiture and cancellation of Buyer Stock held by such Seller and acquired pursuant to this Agreement (calculated by dividing the
applicable portion of the indemnification payment by the 30-Day VWAP (as measured as of the date of such forfeiture)), in each case,
in proportions equal to the respective proportions of cash and Buyer Stock that comprise the Merger Consideration that such Seller has
received to date; provided, that in the event that relevant indemnification payment is less than $200,000, such Seller may elect to effect
such payment solely through the forfeiture and cancellation of Buyer Stock pursuant to clause (ii) above. To the extent that Buyer plans
to exercise its Right of Set-Off, Buyer shall first provide at least ten (10) Business Days’ prior written notice to each of the
Sellers detailing Buyer’s intent to exercise its Right of Set-Off.

 

Section
10.7 Tax Treatment. All indemnification payments made under this Agreement shall be treated by the parties as an adjustment to
the Purchase Price for Tax purposes, unless otherwise required by Law.

 

    	54

    	 

    

 

Section
10.8 Effect of Investigation. The representations, warranties and covenants of the Indemnifying Party, and the Indemnified Party’s
right to indemnification with respect thereto, shall not be affected or deemed waived by reason of any investigation made by or on behalf
of the Indemnified Party (including by any of its Representatives) or by reason of the fact that the Indemnified Party or any of its
Representatives knew or should have known that any such representation or warranty is, was or might be inaccurate or by reason of the
Indemnified Party’s waiver of any condition set forth in Section 9.1 or Section 9.2, as the case may be.

 

ARTICLE
XI

Termination, Amendment, and Waiver

 

Section
11.1 Termination by Mutual Consent. This Agreement may be terminated at any time prior to the Closing by the mutual written consent
of Buyer and Company.

 

Section
11.2 Termination by Either Buyer or Company. This Agreement may be terminated by either Buyer or Company at any time prior to
the Closing if any Governmental Entity of competent jurisdiction shall have enacted, issued, promulgated, enforced, or entered any Law
or Order making illegal, permanently enjoining, or otherwise permanently prohibiting the consummation of the Merger, the Buyer Stock
Issuance, or the other transactions contemplated by this Agreement, and such Law or Order shall have become final and nonappealable;
provided, however, that the right to terminate this Agreement pursuant to this Section 11.2 shall not be available
to any party whose breach of any representation, warranty, covenant, or agreement set forth in this Agreement has been the principal
cause of, or was a contributing factor that resulted in, the issuance, promulgation, enforcement, or entry of any such Law or Order:

 

Section
11.3 Termination by Buyer. This Agreement may be terminated by Buyer at any time prior to the Closing:

 

(a)
if Company shall have approved or adopted, or recommended the approval or adoption of, any Acquisition Proposal; or

 

(b)
if there shall have been a breach of any representation, warranty, covenant, or agreement on the part of Company or Sellers set forth
in this Agreement such that the conditions to the Closing of the Merger set forth in Section 9.1(a) or Section 9.1(b),
as applicable, would not be satisfied and, in either such case, such breach is incapable of being cured by the End Date; provided,
that Buyer shall have given Company at least 30 days written notice prior to such termination stating Buyer’s intention to terminate
this Agreement pursuant to this Section 11.3(b); provided further, that Buyer shall not have the right to terminate this
Agreement pursuant to this Section 11.3(b) if Buyer or Merger Sub is then in breach of any representation, warranty, covenant,
or obligation hereunder that would cause any condition set forth in Section 9.2(a) or Section 9.2(b) not to be satisfied.

 

Section
11.4 Termination by Company. This Agreement may be terminated by Company at any time prior to the Closing if there shall have
been a breach of any representation, warranty, covenant, or agreement on the part of Buyer or Merger Sub set forth in this Agreement
such that the conditions to the Closing of the Merger set forth in Section 9.2(a) or Section 9.2(b), as applicable, would
not be satisfied and, in either such case, such breach is incapable of being cured by the End Date; provided, that Company shall
have given Buyer at least 30 days written notice prior to such termination stating Company’s intention to terminate this Agreement
pursuant to this Section 11.4; provided further, that Company shall not have the right to terminate this Agreement pursuant
to this Section 11.4 if Company is then in material breach of any representation, warranty, covenant, or obligation hereunder
that would cause any condition set forth in Section 9.2(a) or Section 9.2(b) not to be satisfied:

 

    	55

    	 

    

 

Section
11.5 Notice of Termination; Effect of Termination. The party desiring to terminate this Agreement pursuant to this ARTICLE
XI (other than pursuant to Section 11.1) shall deliver written notice of such termination to each other party hereto specifying
with particularity the reason for such termination, and any such termination in accordance with this Section 11.5 shall be effective
immediately upon delivery of such written notice to the other party. If this Agreement is terminated pursuant to ARTICLE XI, it
will become void and of no further force and effect, with no liability on the part of any party to this Agreement (or any stockholder,
member, director, officer, employee, agent, or Representative of such party) to any other party hereto, except: (a) this Section 11.5,
Section 11.6, and ARTICLE XII (and any related definitions contained in any such Sections or Article), which shall remain
in full force and effect; and (b) with respect to any liabilities or damages incurred or suffered by a party, to the extent such liabilities
or damages were the result of fraud or the willful breach by another party of any of its representations, warranties, covenants, or other
agreements set forth in this Agreement.

 

Section
11.6 Expenses. All Expenses incurred in connection with this Agreement and the transactions contemplated hereby will be paid by
the party incurring such Expenses, except Buyer shall bear all expenses incurred in connection with: the preparation of the Company’s
audited financial statements; and the preparation, filing and delivery of any current report filed on Form 8-K relating to the Merger
and this Agreement.

 

Section
11.7 Amendment. At any time prior to the Effective Time, this Agreement may be amended or supplemented in any and all respects,
by written agreement signed by each of the parties hereto.

 

Section
11.8 Extension; Waiver. At any time prior to the Effective Time, Buyer or Merger Sub, on the one hand, or Company, on the other
hand, may: (a) extend the time for the performance of any of the obligations of the other party(ies); (b) waive any inaccuracies in the
representations and warranties of the other party(ies) contained in this Agreement or in any document delivered under this Agreement;
or (c) unless prohibited by applicable Law, waive compliance with any of the covenants, agreements, or conditions contained in this Agreement.
Any agreement on the part of a party to any extension or waiver will be valid only if set forth in an instrument in writing signed by
such party. The failure of any party to assert any of its rights under this Agreement or otherwise will not constitute a waiver of such
rights.

 

ARTICLE
XII

Miscellaneous

 

Section
12.1 Interpretation; Construction.

 

(a)
The table of contents and headings herein are for convenience of reference only, do not constitute part of this Agreement and shall not
be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made to a Section, Exhibit,
Article, or Schedule, such reference shall be to a Section of, Exhibit to, Article of, or Schedule of this Agreement unless otherwise
indicated. Unless the context otherwise requires, references herein: (i) to an agreement, instrument, or other document means such agreement,
instrument, or other document as amended, supplemented, and modified from time to time to the extent permitted by the provisions thereof;
and (ii) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations
promulgated thereunder. Whenever the words “include,” “includes,” or “including” are used in this
Agreement, they shall be deemed to be followed by the words “without limitation,” and the word “or” is not exclusive.
The word “extent” in the phrase “to the extent” means the degree to which a subject or other thing extends, and
does not simply mean “if.” A reference in this Agreement to $ or dollars is to U.S. dollars. The definitions of terms herein
shall apply equally to the singular and plural forms of the terms defined. The words “hereof,” “herein,” “hereby,”
“hereto,” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement
as a whole and not to any particular provision of this Agreement. References to “this Agreement” shall include Company Disclosure
Letter and Buyer Disclosure Letter.

 

    	56

    	 

    

 

(b)
The parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent
or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof
shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

Section
12.2 Governing Law. This Agreement and all Legal Actions (whether based on contract, tort, or statute) arising out of, relating
to, or in connection with this Agreement or the actions of any of the parties hereto in the negotiation, administration, performance,
or enforcement hereof, shall be governed by and construed in accordance with the internal laws of the State of New York without giving
effect to any choice or conflict of law provision or rule (whether of the State of Nevada or any other jurisdiction) that would cause
the application of Laws of any jurisdiction other than those of the State of New York.

 

Section
12.3 Submission to Jurisdiction. Each of the parties hereto irrevocably agrees that any Legal Action with respect to this Agreement
and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and
the rights and obligations arising hereunder brought by any other party hereto or its successors or assigns shall be brought and determined
exclusively in the federal and state courts sitting in New York County of the State of New York. Each of the parties hereto agrees that
mailing of process or other papers in connection with any such Legal Action in the manner provided in Section 12.5 or in such
other manner as may be permitted by applicable Laws, will be valid and sufficient service thereof. Each of the parties hereto hereby
irrevocably submits with regard to any such Legal Action for itself and in respect of its property, generally and unconditionally, to
the personal jurisdiction of the aforesaid courts and agrees that it will not bring any Legal Action relating to this Agreement or any
of the transactions contemplated by this Agreement in any court or tribunal other than the aforesaid courts. Each of the parties hereto
hereby irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim, or otherwise, in any Legal Action
with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in
respect of this Agreement and the rights and obligations arising hereunder: (a) any claim that it is not personally subject to the jurisdiction
of the above named courts for any reason other than the failure to serve process in accordance with this Section 12.3; (b) any
claim that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts
(whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or
otherwise); and (c) to the fullest extent permitted by the applicable Law, any claim that (i) the suit, action, or proceeding in such
court is brought in an inconvenient forum, (ii) the venue of such suit, action, or proceeding is improper, or (iii) this Agreement, or
the subject matter hereof, may not be enforced in or by such courts.

 

Section
12.4 Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY
TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS
AGREEMENT. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT: (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION; (B) SUCH PARTY HAS
CONSIDERED THE IMPLICATIONS OF THIS WAIVER; (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY; AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER
INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 12.4.

 

    	57

    	 

    

 

Section
12.5 Notices. All notices, requests, consents, claims, demands, waivers, and other communications hereunder shall be in writing
and shall be deemed to have been given upon the earlier of actual receipt or (a) when delivered by hand providing proof of delivery;
(b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the date sent
by email if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the
recipient. Such communications must be sent to the respective parties at the following addresses (or to such other Persons or at such
other address for a party as shall be specified in a notice given in accordance with this Section 12.5):

 

If
to Buyer, Merger Sub or Company (after the Closing), to:

 

	 	With a copy (which shall not constitute notice) to:
	 	 
	The Glimpse Group, Inc.	Sichenzia Ross Ference LLP
	15 West 38th Street, 9th Floor	1185 Avenue of the Americas, 31st Floor
	New York, New York 10018	New York, New York 10036
	Attention: Lyron Bentovim, President and	Attention: Darrin Ocasio
	Chief Executive Officer	 
	 	 
	E-mail: Lyron@theglimpsegroup.com	E-mail: dmocasio@srf.law

 

If
to Company (before the Closing), to:

 

	 	With a copy (which shall not
    constitute notice) to:
	 	 
	Brightline Interactive,
    LLC	Pillsbury Winthrop
    Shaw Pittman LLP
	21745 Red Rum Drive, Suite
    242	1200 Seventeenth Street NW
	Ashburn, VA 20147	Washington, D.C. 20036-3006
	Attention : Tyler Gates, CEO	Attention: Steven Kaplan
	E-mail: tyler@brightlineinteractive.com	E-mail: steven.kaplan@pillsburylaw.com
	 	 
	If to Sellers’
    Representative, to:	With a copy (which shall not
    constitute notice):
	 	 
	Bruce Gates	Pillsbury Winthrop Shaw Pittman
    LLP
	221 South Yellowstone Street	1200 Seventeenth Street NW
	Livingston, MT 59047	Washington, D.C. 20036-3006
	E-mail : bruceagates@gmail.com	Attention: Steven Kaplan
	 	E-mail: steven.kaplan@pillsburylaw.com

 

Section
12.6 Entire Agreement. This Agreement (including all exhibits, annexes, and schedules referred to herein), Company Disclosure
Letter, the Buyer Disclosure Letter and the Ancillary Documents constitute the entire agreement among the parties with respect to the
subject matter of this Agreement and supersede all other prior agreements and understandings, both written and oral, among the parties
to this Agreement with respect to the subject matter of this Agreement. In the event of any inconsistency between the statements in the
body of this Agreement, the Buyer Disclosure Letter, Company Disclosure Letter (other than an exception expressly set forth as such in
the Buyer Disclosure Letter or Company Disclosure Letter) or an Ancillary Document, the statements in the body of this Agreement will
control.

 

Section
12.7 No Third-Party Beneficiaries. Except as expressly provided herein, this Agreement is for the sole benefit of the parties
hereto and their permitted assigns and respective successors and nothing herein is intended to or shall confer upon any other Person
or entity any legal or equitable right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement.

 

    	58

    	 

    

 

Section
12.8 Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such
invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable
such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal, or unenforceable,
the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely
as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated
to the greatest extent possible.

 

Section
12.9 Assignment. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective
successors and permitted assigns. Neither Buyer or Merger Sub, on the one hand, nor Company or Sellers on the other hand, may assign
its or their rights or obligations hereunder without the prior written consent of the other parties, which consent shall not be unreasonably
withheld, conditioned, or delayed. No assignment shall relieve the assigning party of any of its obligations hereunder.

 

Section
12.10 Remedies Cumulative. Except as otherwise provided in this Agreement, any and all remedies expressly conferred upon a party
to this Agreement will be cumulative with, and not exclusive of, any other remedy contained in this Agreement, at Law, or in equity.
The exercise by a party to this Agreement of any one remedy will not preclude the exercise by it of any other remedy.

 

Section
12.11 Disclosure Letters. Each of the Company Disclosure Letter and Buyer Disclosure Letter has been arranged, for purposes of
convenience only, in separate sections and subsections corresponding to the Sections and subsections of ARTICLE IV, ARTICLE
V and ARTICLE VI, as applicable. Any information set forth in any subsection of the Company Disclosure Letter or Buyer Disclosure
Letter shall be deemed to be disclosed and incorporated by reference in each of the other subsections of such Disclosure Letter as though
fully set forth in such other subsections (whether or not specific cross-references are made) to the extent it is reasonably apparent
that such disclosure also qualifies or applies to such other subsections. No reference to or disclosure of any item or other matter in
the Company Disclosure Letter or Buyer Disclosure Letter shall be construed, in and of itself, as an admission or indication that such
item or other matter is material or that such item or other matter is required to be referred to or disclosed in such Disclosure Letter.
The information set forth in the Company Disclosure Letter or Buyer Disclosure Letter is disclosed solely for purposes of this Agreement,
and no information set forth therein shall be deemed, in and of itself, to be an admission by any party hereto to any third party of
any matter whatsoever, including any violation of Law or breach of any Contract.

 

Section
12.12 Specific Performance.

 

(a)
The parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with
the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of
this Agreement or to enforce specifically the performance of the terms and provisions hereof in any federal or state court sitting in
New York County of the State of New York , in addition to any other remedy to which they are entitled at Law or in equity.

 

(b)
Each party further agrees that: (i) no such party will oppose the granting of an injunction or specific performance as provided herein
on the basis that the other party has an adequate remedy at law or that an award of specific performance is not an appropriate remedy
for any reason at law or equity; (ii) no such party will oppose the specific performance of the terms and provisions of this Agreement;
and (iii) no other party or any other Person shall be required to obtain, furnish, or post any bond or similar instrument in connection
with or as a condition to obtaining any remedy referred to in this Section 12.12, and each party irrevocably waives any right
it may have to require the obtaining, furnishing, or posting of any such bond or similar instrument.

 

    	59

    	 

    

 

Section
12.13 Counterparts; Effectiveness. This Agreement may be executed in any number of counterparts, all of which will be one and
the same agreement. This Agreement will become effective when each party to this Agreement will have received counterparts signed by
all of the other parties.

 

Section
12.14 No Recourse Against Third Parties. Notwithstanding any other provision of this Agreement, except to the extent otherwise
agreed in writing, no claim (whether at law or in equity, whether in contract, tort, statute or otherwise) may be asserted by Company,
the Sellers, Buyer, Merger Sub, any Affiliate of any of the foregoing (including, with respect to Buyer, from and after the Closing,
Company) or any Person claiming by, through or for the benefit of any of them, against any Person who is not party to this Agreement,
including any equity holders, partners, members, controlling persons, directors, officers, employees, incorporators, managers, agents,
Representatives, or Affiliates of Buyer or the Company, Seller or the heirs, executors, administrators, successors or assigns of any
of the foregoing (or any Affiliate of any of the foregoing) that is not a party to this Agreement (each a “Non-Party Affiliate”)
with respect to matters arising in whole or in part out of, related to, based upon, or in connection with the business of the Company,
the Company, this Agreement, the Ancillary Documents or their subject matter or the transactions contemplated hereby or thereby or with
respect to any actual or alleged inaccuracies, misstatements or omissions with respect to information furnished by or on behalf of the
Company or any Non-Party Affiliate in any way concerning the business of the Company, the Company, this Agreement or its subject matter
or the transactions contemplated hereby.

 

Section
12.15 Provision Respecting Legal Representation. Each of the parties to this Agreement hereby agrees, on its own behalf and on
behalf of its directors, managers, members, partners, officers, employees and Affiliates, that Pillsbury Winthrop Shaw Pittman LLP is
serving as counsel to the Company and the Sellers’ Representative in connection with the negotiation, preparation, execution and
delivery of this Agreement prior to Closing and the consummation of the transactions contemplated hereby, and that, following Closing
and consummation of the transactions contemplated hereby, Pillsbury Winthrop Shaw Pittman LLP (or any successor) may serve as counsel
to the Sellers and the Sellers’ Representative (individually and collectively, the “Seller Group” (which will
no longer include the Company)) or any director, manager, member, partner, officer, employee, Affiliate or Representative of the Seller
Group (which will no longer include the Company), 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 hereto
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. In addition, all communications involving attorney-client
confidences between any Sellers, the Sellers’ Representative and their respective Affiliates which pertain to the negotiation,
documentation and consummation of the transactions contemplated hereby shall be deemed to be attorney-client confidences that belong
solely to such Sellers, the Sellers’ Representative and their respective Affiliates (and not the Company). Accordingly, the Company
shall not have access to any such communications, or to the files of Pillsbury Winthrop Shaw Pittman LLP relating to such engagement.
Without limiting the generality of the foregoing, upon and after the Closing, (a) the Sellers, the Sellers’ Representative and
their respective Affiliates (and not the Company) shall be the sole holders of the attorney-client privilege with respect to such engagement,
and the Company shall not be the holders thereof, (b) to the extent that files of Pillsbury Winthrop Shaw Pittman LLP in respect of such
engagement constitute property of the client, only the Sellers, the Sellers’ Representative and their respective Affiliates (and
not the Company) shall hold such property rights, and (c) Pillsbury Winthrop Shaw Pittman LLP shall have no duty whatsoever to reveal
or disclose any such attorney-client communications or files to the Company by reason of any attorney-client relationship between Pillsbury
Winthrop Shaw Pittman LLP and the Company.

 

    	60

    	 

    

 

Section
12.16 Sellers’ Representative.

 

(a)
Appointment. By executing this Agreement, each Seller shall be deemed to have constituted and appointed, effective from and after
the Effective Time, Bruce Gates as agent and attorney-in-fact for and on behalf of each Seller to act as the Sellers’ Representative
under this Agreement, including in respect of the following matters:

 

(i)
giving and receiving any notice or instruction permitted or required to be given to or received by any Seller under this Agreement;

 

(ii)
coordinating the common defense of all indemnity claims against the Sellers by any Indemnified Party pursuant to this Agreement (a “Indemnity
Claim”),

 

(iii)
consenting to, compromising or settling all Indemnity Claims,

 

(iv)
conducting negotiations with Buyer and its Representatives regarding such Indemnity Claims,

 

(v)
dealing with Buyer under this Agreement with respect to all matters arising under this Agreement, and

 

(vi)
engaging counsel, accountants or other advisors in connection with the foregoing matters.

 

(b)
Authorization. Each Seller shall authorize the Sellers’ Representative, on such Seller’s behalf, to:

 

(i)
receive all notices or documents given or to be given to any of the Sellers by Buyer or the Surviving Entity pursuant hereto or in connection
herewith and to receive and accept service of legal process in connection with any suit or proceeding arising under this Agreement;

 

(ii)
engage counsel, and such accountants and other advisors for any of the Sellers and incur such other expenses on behalf of any of the
Sellers in connection with this Agreement and the transactions contemplated hereby or thereby as the Sellers’ Representative may
in its sole discretion deem appropriate;

 

(iii)
take such action on behalf of any of the Sellers as the Sellers’ Representative may in its sole discretion deem appropriate in
respect of: (A) taking such other action as the Sellers’ Representative is authorized to take under this Agreement; (B) receiving
all documents or certificates and making all determinations, on behalf of any of the Sellers, required under this Agreement; and (C)
all such action as may be necessary after the Closing Date to carry out any of the transactions contemplated by this Agreement, including,
the defense and/or settlement of any claims for which indemnification is sought pursuant to ARTICLE X and any waiver of any obligation
of Buyer or the Surviving Entity.

 

    	61

    	 

    

 

(c)
Decisions. All actions, decisions and instructions of the Sellers’ Representative shall be conclusive and binding upon all
of the Sellers and such Seller’s successors as if expressly confirmed and ratified in writing by such Seller and no Seller shall
have any claim or cause of action against the Sellers’ Representative, and the Sellers’ Representative shall have no liability
to any Seller, for any action taken, decision made or instruction given by the Sellers’ Representative in connection with this
Agreement, except in the case of its own gross negligence or willful misconduct. The Sellers shall severally and not jointly (in accordance
with their Pro Rata Portion), indemnify and hold harmless Sellers’ Representative from and against, compensate it for, reimburse
it for and pay any and all losses, liabilities, claims, actions, damages, fees and expenses, including reasonable attorneys’ fees
and disbursements, arising out of and in connection with its activities as Sellers’ Representative under this Agreement (the “Representative
Losses”), in each case as such Representative Loss is suffered or incurred; provided, that in the event it is finally
adjudicated that a Representative Loss or any portion thereof was primarily caused by the gross negligence or willful misconduct of the
Sellers’ Representative, then Sellers’ Representative shall reimburse the Sellers the amount of such indemnified Representative
Loss attributable to such gross negligence or intentional misconduct. The Sellers’ Representative may engage attorneys, accountants,
investment bankers, advisors, consultants and clerical personnel and obtain such other professional and expert assistance, and maintain
such records, as the Sellers’ Representative may deem necessary or desirable and incur other out-of-pocket expenses related to
performing its services hereunder (which shall, for the avoidance of doubt, constitute Representative Losses).

 

(d)
Confidentiality. The Sellers’ Representative (i) shall not disclose to any other Person any information provided to it by
Buyer or any of its Representatives in connection with this Agreement and the transactions contemplated except (a) to the Sellers’
Representative’s advisors, officers, directors and employees, so long as such parties are informed of the confidential nature of
such information, (b) as required by applicable Law, (c) in connection with the enforcement of any rights of Sellers’ Representative
hereunder or otherwise related to the transactions contemplated herein and (d) to the extent that such information can be shown to have
been in the public domain through no fault of the Sellers’ Representative and (ii) shall not use such information other than solely
in its capacity as Sellers’ Representative hereunder.

 

(e)
Successor Sellers’ Representative. If the Sellers’ Representative shall die, become disabled, resign or otherwise
be unable to fulfill its responsibilities hereunder, the Sellers who in the aggregate held at least a majority of the Company Membership
Units immediately prior to the Effective Time shall appoint a new Sellers’ Representative as soon as reasonably practicable by
written consent by sending notice and a copy of the duly executed written consent appointing such new Sellers’ Representative to
Buyer and the Surviving Entity. Such appointment will be effective upon the later of the date indicated in the consent or the date such
consent is received by Buyer and the Surviving Entity. Sellers who in the aggregate held at least a majority of the Company Membership
Units immediately prior to the Effective Time shall have the right at any time to remove the then-acting Sellers’ Representative
and to appoint a successor Sellers’ Representative; provided, however, that neither such removal of the then acting
Sellers’ Representative nor such appointment of a successor Sellers’ Representative shall be effective until the delivery
to Buyer and the Surviving Entity of executed counterparts of a writing signed by each such Seller with respect to such removal and appointment,
together with an acknowledgment signed by the successor Sellers’ Representative appointed in such writing that it, he or she accepts
the responsibility of successor Sellers’ Representative and agrees to perform and be bound by all of the provisions of this Agreement
applicable to the Sellers’ Representative. Each successor Sellers’ Representative shall have all of the power, authority,
rights, privileges and obligations conferred by this Agreement upon the original Sellers’ Representative, and the term “Sellers’
Representative” as used herein shall be deemed to include any interim or successor Sellers’ Representative.

 

[Signature
Page Follows]

 

    	62

    	 

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first written above by their respective officers
thereunto duly authorized.

 

	 	THE GLIMPSE GROUP, INC.
	 	 
	 	By:	/s/
    Lyron L. Bentovim
	 	 	Lyron L. Bentovim
	 	 	Chief Executive Officer
	 	 	 
	 	GLIMPSE MERGER SUB, LLC
	 	 
	 	By:	/s/ Lyron
    L. Bentovim
	 	 	Lyron L. Bentovim
	 	 	President

 

[Signature
Page to Agreement and Plan of Merger]

 

    	 

    	 

    

 

	 	BRIGHTLINE INTERACTIVE, LLC
	 	 
	 	By:	/s/
    Tyler Gates
	 	 	Tyler Gates
	 	 	Chief Executive Officer
	 	 	 
	 	SELLERS:
	 	 
	 	By:	/s/ Erik
    Muendel
	 	 	Erik Muendel
	 	 	 
	 	By:	/s/ Bradley
    Nierenberg
	 	 	Bradley Nierenberg, as
    Trustee of the Bradley S. Nierenberg Trust
	 	 	 
	 	By:	/s/ Bruce
    Gates
	 	 	Bruce Gates
	 	 	 
	 	By:	/s/ Joyce
    Gates
	 	 	Joyce Gates
	 	 	 
	 	By:	/s/ Barton
    Gates
	 	 	Barton Gates
	 	 	 
	 	By:	/s/ Tyler
    Gates
	 	 	Tyler Gates
	 	 	 
	 	SELLERS’ REPRESENTATIVE:
	 	 
	 	By:	/s/ Bruce
    Gates
	 	 	Bruce Gates

 

[Signature
Page to Agreement and Plan of Merger]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}]]