Document:

Exhibit
10.1

 

STOCK
PURCHASE AGREEMENT

OF

SERIES
A CONVERTIBLE PREFERRED STOCK

OF

E-N-G
MOBILE SYSTEMS, INC.

 

(PositiveID
Corporation, Holdings ENG, LLC and E-N-G Mobile Systems, Inc.)

 

This
Stock Purchase Agreement (the “Agreement”) is entered into as of June 12, 2017 (“Effective Date”)
by and among PositiveID Corporation, a Delaware corporation (“Seller”), Holdings ENG, LLC, a Florida limited
liability company (“Purchaser”) and E-N-G Mobile Systems, Inc., a California corporation (the “Company”).

 

WHEREAS,
Seller owns three hundred fifty nine (359) shares of Series A Convertible Preferred Stock of the Company, and Seller desires to
sell, and Purchaser desires to purchase, two hundred ninety nine (299) shares of such stock for a total purchase price of one
million four hundred ninety five thousand dollars ($1,495,000) or five thousand dollars ($5,000) per share.

 

WHEREAS,
to induce Purchaser to enter into this Agreement, Seller desires to provide an option to Purchaser to purchase up to sixty (60)
shares of Series A Convertible Preferred Stock of the Company, and Purchaser desires to receive such option to purchase such shares
for a total purchase price (if all are purchased) of three hundred thousand dollars ($300,000) or five thousand dollars ($5,000)
per share. The Purchaser would not enter into this Agreement but for the grant of such stock option.

 

WHEREAS,
to induce Purchaser to enter into this Agreement, pursuant to separate a stock option agreement, the Company desires to provide
an option to Purchaser to purchase three (3) shares of Series A Convertible Preferred Stock of the Company, and Purchaser desires
to receive such option to purchase three (3) shares of Series A Convertible Preferred Stock of the Company for a total purchase
price of fifteen thousand dollars ($15,000) or five thousand dollars ($5,000) per share. The Purchaser would not enter into this
Agreement but for the grant of such stock option.

 

In
consideration of the mutual promises and covenants contained in this Agreement, the parties hereto agree as follows:

 

1.
Purchase and Sale of Shares; Purchase Price.

 

a.
Purchase and Sale. Seller agrees to sell to Purchaser, and Purchaser agrees to purchase from Seller, two hundred ninety
nine (299) shares (“Purchased Shares”) of Series A Convertible Preferred Stock, $0.001 par value, of the Company
(“Series A Preferred”), pursuant to the terms and conditions of this Agreement. Such Series A Preferred shall
have the rights, restrictions, privileges and preferences set forth in the Amended and Restated Articles of Incorporation attached
hereto as Exhibit A (the “Amended and Restated Articles”).

 

    	 	 	1│ Page

    	 

    

 

b.
Purchase Price. The purchase price for the Purchased Shares shall be one million four hundred ninety five thousand dollars
($1,495,000) (“Purchase Price”) or five thousand dollars ($5,000) per share, payable at the Closing (as defined
below).

 

2.
The Closing.

 

The
closing (the “Closing”) of the sale and purchase of the Purchased Shares under this Agreement shall take place
at the offices of Saul Ewing LLP, 1919 Pennsylvania Avenue N.W., Suite 550, Washington, D.C. at 1:00 p.m. on June 12, 2017, or
at such other time, date and place as are mutually agreeable to the Company, the Purchaser, and Seller. At the Closing, Seller
shall deliver to the Purchaser a certificate registered to Seller for the Purchased Shares which shall be endorsed or accompanied
by a written instrument or instruments of transfer, in form satisfactory to purchaser, duly executed by Seller, to Purchaser,
against payment to the Seller of the Purchase Price, by wire transfer, check, or other method acceptable to the Seller. The Company
at the Closing will cancel the certificate delivered by Seller and deliver a certificate for the Purchased Shares, registered
in the name of Purchaser. The date of the Closing is hereinafter referred to as the “Closing Date.” If at the
Closing any of the conditions specified in Section 7 shall not have been fulfilled, the Purchaser shall, at its election, be relieved
of all of its obligations under this Agreement without thereby waiving any other rights it may have by reason of such failure
or such non-fulfillment.

 

3.
Option.

 

a.
Option. Seller hereby grants Purchaser the option (the “Option”) to purchase up to sixty (60) shares
of Series A Preferred (“Option Shares”). The Purchaser may assign, in whole or in part, the Option to any affiliate
of Purchaser. The exercise price for each Option Share shall be five thousand dollars ($5,000) (subject to adjustment for stock
splits, stock dividends, recapitalizations and similar events) (the “Exercise Price”). The Option may be exercised
by Purchaser or its affiliate at any time during the Option Period (as defined below) by providing written notice to Seller that
shall include the number of Option Shares that Purchaser or its affiliate desires to purchase. The Option may be exercised during
the Option Period at any time in one or more tranches, at times and in amounts that are at the sole discretion of Purchaser.

 

b.
Closing(s) for Option Shares. Within fifteen (15) days after receipt of each such notice, a closing for the sale of the
Option Shares shall take place at the offices of Saul Ewing LLP, 1919 Pennsylvania Avenue N.W., Suite 550, Washington, D.C. at
such date and time as are mutually agreeable to the Company, the Purchaser and Seller. At each such closing, Seller shall deliver
to the Purchaser or its affiliate, as applicable, a certificate registered to Seller of the Option Shares being purchased which
shall be endorsed or accompanied by a written instrument or instruments of transfer, in form satisfactory to purchaser, duly executed
by Seller, to Purchaser or its affiliate, as applicable, against payment to the Seller of the Exercise Price for each Option Share,
by wire transfer, check, or other method acceptable to the Seller. The Company at the Closing will cancel the certificate delivered
by Seller and deliver a certificate for the Option Shares being purchased, registered in the name of Purchaser. In the event that
an affiliate of Purchaser purchases any of the Option Shares, as a condition of such purchase, the affiliate shall become a party
to the Stockholders Agreement (as hereinafter defined).

 

    	 	 	2│ Page

    	 

    

 

c.
Definitions. The “Option Period” shall be a period commencing on the earlier of (i) the first anniversary
of the Closing, (ii) the breach by Seller of this Agreement or any Ancillary Agreement which has not been cured within ten (10)
days after written notice thereof, (iii) any violation by the Company of its A&R Articles of Incorporation or bylaws which
has not been cured within ten (10) days after written notice thereof and (iv) the occurrence of a Bankruptcy Event by Seller,
and ending on May 31, 2019. A “Bankruptcy Event” shall mean (I) the institution, or consent to the institution,
of any bankruptcy, insolvency, reorganization, readjustment of debt or similar proceeding relating to it under the law of any
jurisdiction, or (II) making an assignment for the benefit of creditors, or making an application for, or consenting to, the appointment
of any receiver, trustee, custodian or similar officer for any or all of its property.

 

4.
Representations of Company.

 

Seller
and Company, jointly and severally, represent and warrant to Purchaser as follows, as of the Effective Date:

 

a.
Due Organization. The Company is a corporation duly incorporated, validly existing and in good standing under the laws
of California, has all requisite power to own, operate and lease its properties, and has all necessary power and authority to
enter into and carry out this Agreement according to its terms. Schedule 4.a. attached hereto contains a complete and accurate
list of each jurisdiction in which the Company is authorized or qualified to do business and the Company is in good standing in
all such jurisdictions. The Company is not in violation of, in conflict with, or default under, any of its governing documents,
and there exists no condition or event which, after notice or lapse of time or both, would result in any such violation, conflict
or default.

 

b.
Authorization; Validity. The execution, delivery and performance of this Agreement and all the other agreements required
to be executed by the Company at or prior to Closing pursuant to Section 7 (“Ancillary Agreements”) have been
duly authorized by all necessary action by the Company, and the consummation by the Company of the transactions contemplated hereby
and thereby, have been duly authorized by all necessary corporate action. This Agreement and the Ancillary Agreements have been
duly executed and delivered by the Company. This Agreement and the Ancillary Agreements, assuming due authorization, execution
and delivery by Purchaser and Seller, constitutes the valid and binding obligations of the Company, enforceable in accordance
with its terms, except as such enforceability may be limited by bankruptcy, insolvency or similar laws and equitable remedies.

 

    	 	 	3│ Page

    	 

    

 

c.
Bankruptcy. No petition in bankruptcy (voluntary or otherwise), assignment for the benefit of creditors, or petition seeking
reorganization or arrangement or other action under federal or state bankruptcy law is pending against Company.

 

d.
Environmental. To the Knowledge of the Company, there has been no release of any hazardous substances in any way into,
on or under the property owned by or rented by the Company (“Property”), nor has the Property been used any
time by any Person as a landfill or for the storage, treatment or disposal of any type of waste including any hazardous substances.
Schedule 4.d.i. sets forth all information and documents, including without limitation, all environmental reports relating
to the Property that are in such Company’s possession or control regarding the environmental, soil or surface or subsurface
water condition of the Property. “Person” means a natural Person, corporation, general partnership, limited
partnership, limited liability company, limited liability partnership, proprietorship, trust, union, association, Governmental
Entity (as defined in Section 4.u.) or other entity, enterprise, authority or business organization. For purposes of this Agreement,
“Knowledge” shall mean the actual knowledge of the Persons listed in Schedule 4.d.ii.

 

e.
Taxes. All Tax Returns filed or required to be filed by the Company have been, or will be, timely filed after giving effect
to any extensions. All such Tax Returns are true, complete and correct in all material respects. All Taxes required to be paid
by the Company that are due and payable have been paid, whether or not shown on any Tax Return. The unpaid Taxes of the Company
through December 31, 2016, do not exceed the accruals and reserves for Taxes (excluding accruals and reserves for deferred Taxes
established to reflect timing differences between book and Tax income) set forth on the Financial Statements and all unpaid Taxes
of the Company for all Tax periods commencing after December 31, 2016 arose in the ordinary course of business. The Company is
not currently the beneficiary of any extension of time within which to file any Tax Return. The Company has withheld or collected
all Taxes required by applicable law to have been withheld or collected by it and, to the extent required, paid over such Taxes
to the appropriate governmental authorities, and complied in all material respects with all information reporting and backup withholding
requirements, including maintenance of required records with respect thereto, in connection with amounts paid to any employee,
independent contractor, creditor, stockholder or other third party. To the Company’s Knowledge, there are no Liens for Taxes
upon the assets of the Company other than Liens for current Taxes not yet due and payable. To Company’s Knowledge, there
is no claim or dispute concerning any Tax liability of the Company claimed or raised by any governmental authority. There is no
audit, examination or similar proceeding currently in progress or pending with respect to Taxes or Tax returns of the Company.
There have been no periods for which the Tax Returns required to be filed by the Company have been examined by the Internal Revenue
Service or other appropriate Taxing authority. There are no outstanding agreements or waivers extending the statutory period of
limitations applicable to any Tax Return or Tax period of or applicable to the Company. There are no requests for rulings or determinations
in respect of any Tax pending between the Company and any governmental authority. Neither the Company nor any affiliate of the
Company has participated in any “reportable transaction” as defined in Section 1.6011-4(b) of the treasury regulations
of the Internal Revenue Code, as amended. The Company has delivered or made available to Purchaser true, complete and correct
copies of (i) all Tax Returns of the Company for all taxable periods for which the statute of limitations has not yet expired
and (ii) complete and correct copies of all private letter rulings, revenue agent reports, audit reports, information document
requests, notices of proposed deficiencies, deficiency notices, protests, petitions, closing agreements, settlement agreements,
pending ruling requests and any similar documents submitted by, received by or agreed to by or on behalf of the Company relating
to Taxes for all taxable periods for which the statute of limitations has not yet expired. “Tax” (including
with correlative meaning the terms “Taxes” and “taxable”) means all foreign, federal, state,
local and other income, gross receipts, sales, use, ad valorem, value-added, intangible, unitary, transfer, franchise, license,
payroll, employment, estimated, withholding, excise, environmental, stamp, occupation, premium, property, prohibited transactions,
windfall or excess profits, customs duties or other taxes, levies, fees, assessments or charges of any kind whatsoever, together
with any interest and any penalties, additions to tax or additional amounts with respect thereto, and any related charges imposed
by any governmental authority, including any Taxes with respect to which any individual, trust, corporation, partnership or any
other entity is liable and as to which the Company or any Seller is liable either as a transferee thereof or pursuant to any laws.
There has been no fraud or intentional or willful misconduct by any Person in connection with the preparation and filing of any
Tax Return. “Tax Return” means any return (including any information return), report, statement, schedule,
notice, form, estimate or declaration of estimated Tax relating to or required to be filed with any governmental authority in
connection with the determination, assessment, collection or payment of any Tax.

 

    	 	 	4│ Page

    	 

    

 

f.
Litigation. There is no existing litigation, proceeding or investigation pending, or to the Knowledge of the Company threatened
in writing, against the Company that might affect or relate to the validity of this Agreement, or the operations of the Company,
whether or not fully covered by insurance. The Company has not received notice of any pending or contemplated taking of the whole
or any part of the Property or any other asset of the Company. There are no judgments, orders, injunctions, decrees, stipulations
or awards (whether rendered by a court, administrative agency or other governmental authority, by arbitration or otherwise), against
the Company or any of its assets.

 

g.
Compliance with Laws. The Company is in compliance in all material respects with all laws, ordinances, rules, regulation
or code, court order or order or agreement with any federal, state or local governmental body or agency (including, without limitation,
any zoning, sign, environmental, labor, safety, health, price or wage control, law, ordinance, rule, regulation or order) applicable
to the Company.

 

h.
OFAC. The Company is not (i) currently identified on the Specially Designated Nationals and Blocked Persons List maintained
by the Office of Foreign Assets Control, Department of the Treasury (“OFAC”) and/or on any other similar list
maintained by OFAC pursuant to any authorizing statute, executive order or regulation, and (ii) an entity with whom a citizen
of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition of
United States law, regulation, or Executive Order of the President of the United States. None of the funds or other assets of
the Company constitute property of, or are beneficially owned, directly or indirectly, by any Embargoed Person (as hereinafter
defined). No Embargoed Person has any interest of any nature whatsoever in the Company (whether directly or indirectly). The term
“Embargoed Person” means any Person, entity or government subject to trade restrictions under U.S. law, including
but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §1701 et seq., The Trading with the Enemy
Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder with the result that any investment
in the Company is prohibited by law or the Company is in violation of law.

 

    	 	 	5│ Page

    	 

    

 

i.
Capitalization. The authorized capital stock of the Company consists of 2,000 shares of common stock, $0.001 par value
per share (the “Common Stock”), of which 241 shares are issued and outstanding, and 1,000 shares of Series
A Preferred, of which 359 are issued and outstanding. The capitalization of the Company for the transactions contemplated under
this Agreement is set forth in Schedule 4.i. The Purchased Shares and the Option Shares (collectively, the “Shares”)
have been duly authorized and validly issued, are fully paid and nonassessable and are owned of record and beneficially by the
Seller. Other than the 241 shares of Common Stock and the 359 shares of Series A Preferred owned by the Seller (“Seller
Shares”), neither the Seller nor any other Person owns any securities of the Company nor warrants nor options to purchase
nor rights to subscribe for or otherwise acquire any securities of the Company or has any other interest in any securities of
the Company. All of the Seller Shares were offered, issued, sold and delivered by the Company in compliance with all applicable
laws governing the issuance of securities. None of the Seller Shares were issued in violation of any preemptive rights (including
any preemptive rights set forth in the Company’s governing documents), rights of first refusal or similar rights. There
are no outstanding or authorized stock appreciation, phantom stock, profit share or similar rights with respect to the Company.
No Person has any claim, right or interest in or to any shares of capital stock or other securities (including any voting debt)
of the Company. The Company does not have any obligation (contingent or otherwise) to purchase, redeem or otherwise acquire any
of its securities or any interests therein or to pay any dividend or make any distribution in respect thereof.

 

j.
Governing Documents. The Articles of Incorporation and the Amended and Restated Bylaws attached hereto as Exhibit B
(“Bylaws”) are the current and sole governing documents of the Company.

 

k.
Subsidiaries. The Company does not have any subsidiaries, and does not own, of record or beneficially, or control, directly
or indirectly, any capital stock, securities convertible into capital stock or any other equity interest in any Person, whether
active or dormant, nor is the Company, directly or indirectly, a participant in any joint venture, partnership or other similar
transaction.

 

    	 	 	6│ Page

    	 

    

 

l.
Complete Copies of Materials. The Company has delivered true, correct and complete copies (or with respect to oral agreements,
written summaries of the same) of each contract or other document that is referred to in the Schedules attached hereto.

 

m.
Financial Statements. Schedule 4.m. attached hereto contains the following financial statements (the “Financial
Statements”): (i) true, complete and correct copies of the balance sheets, statements of income and statements of cash
flows for the years 2014, 2015 and 2016, and (ii) a true, complete and correct copy of the unaudited balance sheet as of March
31, 2017 (the “Base Balance Sheet”) and statement of income and statement of cash flow for the first three
(3) months of 2017. Each Financial Statement (including the notes thereto), has been prepared from the books and records of the
Company and in accordance with United States generally accepted accounting principles consistently applied, and fairly presents
in all material respects the financial condition of the Company as of the dates, and for the periods, indicated thereon. There
has been no fraud or intentional or willful misconduct by any Person in connection with the recordation, maintenance or preparation
of the Financial Statements, the Base Balance Sheet or any other financial documents, record or information from which such statements
were derived.

 

n.
Liabilities and Obligations. The Company is not liable for or subject to any liabilities, other than (i) liabilities reflected
on the Base Balance Sheet and not previously paid or discharged, and (ii) liabilities that were incurred since the date of the
Base Balance Sheet in the ordinary course of business, consistent with past practice, which are not, individually or in the aggregate,
material. All funds drawn from Company’s line of credit have been used for working capital, and that the Company has not
declared any dividends or made any distributions since its acquisition by Seller.

 

o.
Permits. The Company owns or holds all Permits necessary for the conduct of its business as currently conducted. Schedule
4.o. attached hereto sets forth a complete and accurate list of each Permit. The Permits are valid and subsisting, and, to
the Knowledge of the Company, no governmental authority intends to modify, cancel, terminate or not renew any Permit. “Permits”
means all permits, licenses, franchises, security clearances, consents, contractual rights, consents and other authorizations
or approvals.

 

p.
Material Contracts. Schedule 4.p. attached hereto sets forth a true, complete and correct list of the following
contracts to which the Company is a party or by which the Company or any of its assets are bound:

 

	 	i.	each
contract, or group of related contracts that may give rise to liabilities exceeding $250,000 or revenues exceeding $500,000 or
that are otherwise material to the Company.
	 	 	 
	 	ii.	each
contract between, on the one hand, the Company, and on the other hand, (A) any current officer, director, stockholder or employee
of the Company, (B) any affiliate of any such Person, or (C) any affiliate of the Company.

 

    	 	 	7│ Page

    	 

    

 

	 	iii.	each
contract evidencing Company Indebtedness (as defined below).
	 	 	 
	 	iv.
    	each
contract for the disposition of any material portion of the assets or business of the Company or for the acquisition by the Company
of the assets or business of any other Person (other than purchases of inventory or services in the ordinary course of business,
consistent with past practice).
	 	 	 
	 	v.	each
    contract for the cleanup, abatement or other actions in connection with any hazardous material, the remediation of any existing
    environmental liability, violation of any environmental law or relating to the performance of any environmental audit or study.
	 	 	 
	 	vi.
    	each
contract concerning the establishment or operation of a partnership, joint venture or similar enterprise.
	 	 	 
	 	vii.
    	each
contract for or related to the employment of any individual, or any consulting, retention bonus, indemnification or severance
contract.
	 	 	 
	 	viii.
    	each
contract that cannot be terminated by the Company on 30 days’ prior written notice to the other party, without the payment
of any termination fee or penalty.
	 	 	
	 	ix.
    	each
    lease for real property or personal property.
	 	 	 
	 	x.
    	any
    distributor, sales representative or similar agreement.
	 	 	 
	 	xi.	any
    agreement under which the Company is restricted from carrying on any business anywhere in the world.

 

Any
and all contracts described by the foregoing clauses i. through ix., together with those listed on Schedule 4.p. attached
hereto, are collectively referred to as the “Material Contracts.” Each Material Contract is in full force and
effect and is a legal, valid, binding and enforceable obligation of the Company and, to Company’s Knowledge, each of the
other parties thereto. Except for material breaches or defaults that have been cured and for which the breaching party has no
liability, neither the Company nor, to Company’s Knowledge, any other party to any Material Contract, has breached or defaulted
under, or has improperly terminated, revoked or accelerated, any Material Contract in any material respect, and to the Company’s
Knowledge, there exists no condition or event which, after notice or lapse of time, or both, would constitute any such breach,
default, termination, revocation or acceleration. “Company Indebtedness” means, without duplication, the aggregate
amount of (i) any obligations of the Company for borrowed money, or with respect to deposits or advances of any kind to the Company,
and any prepayment premiums, penalties and any other fees and expenses required to satisfy such indebtedness, (ii) any obligations
of the Company evidenced by bonds, debentures, notes or similar instruments, (iii) any obligations of the Company upon which interest
charges are customarily paid, (iv) any obligations of the Company under conditional sale or other title retention agreements,
(v) any obligations of the Company issued or assumed as the deferred purchase price for any property, service, covenant, settlement,
release, waiver or other right (excluding obligations of the Company to creditors for goods and services incurred in the ordinary
course of such Person’s business), (vi) any capitalized lease obligations of the Company, (vii) any deferred revenue obligations
of the Company, (viii) any obligations of others secured by any Lien on property or assets owned or acquired by the Company, whether
or not the obligations secured thereby have been assumed, (ix) the amount, if any, by which the aggregate liability of the Company
under defined benefit pension plans or deferred compensation exceeds the aggregate value of plan assets held by such plans, (x)
any obligations of the Company under interest rate or currency swap transactions (valued at the termination value thereof), (xi)
any drawn letters of credit issued for the account of the Company, (xii) any obligations of the Company to purchase securities
(or other property) which arise out of or in connection with the sale of the same or substantially similar securities or property,
(xiii) any accrued and unpaid Taxes of the Company, (xiv) any guaranties or arrangements having the economic effect of a guaranty
by the Company of any indebtedness of any other Person, and (xv) any accrued interest or penalties on any of the foregoing.

 

    	 	 	8│ Page

    	 

    

 

q.
Insurance. Schedule 4.q. attached hereto sets forth an accurate list of all insurance policies carried by the Company,
the amounts and types of insurance coverage available thereunder and all insurance loss runs for the past three policy years.
With respect to each such insurance policy: (i) such policy is in full force and effect and legal, valid, binding and enforceable
in accordance with its terms; and (ii) the Company is not in material breach or default (including any breach or default with
respect to the payment of premiums or the giving of notice), and no event has occurred which, after notice or lapse of time, or
both, would constitute a breach or default or permit termination or modification, under such policy. All premiums payable under
all such policies have been paid.

 

r.
Labor Matters. The Company has complied in all material respects with all applicable laws related to employment and employment
practices, terms and conditions of employment and wages and hours, including any such law related to employment discrimination,
employee classification, workers’ compensation, family and medical leave, unfair labor practices and occupational safety
and health requirements. Other than for wages earned in the ordinary course of business during the payroll period prior to the
Closing, there exists no basis for the assessment of any unpaid wages or vacation with respect to any employees of the Company.
All employees of the Company are citizens or permanent residents of the United States. All employees (other than those with Material
Contracts listed under Schedule 4.p.) are employed on an at-will basis. To the Company’s Knowledge, no employee of
the Company has plans to terminate his or her employment relationship with the Company. All employees of the Company are engaged
by the Company on a full time basis. The Company does not have or otherwise contribute to or participate in any employee benefit
plan subject to the Employee Retirement Income Security Act of 1974, as amended.

 

    	 	 	9│ Page

    	 

    

 

s.
Books and Records. The Company has made and kept and given Purchaser access to its books and records that, in reasonable
detail, accurately and fairly reflect the activities of the Company in all material respects. The Company has not engaged in any
transaction, maintained any bank account or used any corporate funds except as reflected in its normally maintained books and
records. All books and records are under the exclusive ownership and control of the Company. The Company’s minute books
are correct and complete in all material respects.

 

t.
Disclosure. This Agreement and all Exhibits, agreements, certificates or other documents furnished to the Purchaser pursuant
hereto or in connection with this Agreement or the transactions contemplated hereby, are complete and accurate in all material
respects. No statement herein or in the Schedules contains any untrue statement of a material fact, in light of the circumstances
under which it was made, or omits to state any material fact necessary to make the statements contained herein or therein, in
light of the circumstances under which they were made, not misleading.

 

u.
No Conflict. The execution of and performance of the transactions contemplated by this Agreement and the Ancillary Agreements
and compliance with their respective provisions by the Company will not (i) conflict with or violate any provision of the Articles
of Incorporation or Bylaws of the Company, (ii) require on the part of the Company any filing with, or any permit, authorization,
consent or approval of, any court, arbitrational tribunal, administrative agency or commission or other governmental or regulatory
authority or agency (each of the foregoing is hereafter referred to as a “Governmental Entity”), (iii) conflict
with, result in a breach of, constitute (with or without due notice or lapse of time or both) a default under, result in the acceleration
of, create in any party the right to accelerate, terminate, modify or cancel, or require any notice, consent or waiver under,
any contract, lease, sublease, license, sublicense, franchise, permit, indenture, agreement or mortgage for borrowed money, instrument
of indebtedness, Lien or other arrangement to which the Company is a party or by which the Company is bound or to which its assets
are subject, (iv) result in the imposition of any Lien upon any assets of the Company or (v) violate any order, writ, injunction,
decree, statute, rule or regulation applicable to the Company, or any of its properties or assets, except where the violation,
conflict, breach or default would not have a material and adverse effect on the Company. For purposes of this Agreement, “Liens”
means any mortgage, pledge, security interest, encumbrance, charge, or other lien (whether arising by contract or by operation
of law).

 

v.
Property and Assets. The Company has good title to, or a valid leasehold interest in, all of its material properties and
assets, including all properties and assets reflected in the Base Balance Sheet, except those disposed of since the date thereof
in the ordinary course of business, and none of such properties or assets is subject to any Lien other than those the material
terms of which are described in the Base Balance Sheet or in Schedule 4.v.

 

    	 	 	10│ Page

    	 

    

 

w.
Intellectual Property.

 

	 	i.	The
Company owns, free and clear of all Liens, or has the valid right to use, all Intellectual Property (as defined below in this
Section 4.w.i.) used by it in its business as currently conducted or as currently proposed to be conducted. No other Person (including
Seller, but excluding licensors of software that is generally commercially available and licensors of Intellectual Property under
the agreements disclosed pursuant to paragraph (iv) below) has any rights to any of the Intellectual Property owned or used by
the Company, and, to the Company’s Knowledge, no other Person is infringing, violating or misappropriating any of the Intellectual
Property that the Company owns. For purposes of this Agreement, “Intellectual Property” means all (A) patents
and patent applications, (B) copyrights and registrations thereof, (C) mask works and registrations and applications for registration
thereof, (D) computer software, data and documentation, (E) trade secrets and confidential business information, whether patentable
or unpatentable and whether or not reduced to practice, know-how, manufacturing and production processes and techniques, research
and development information, copyrightable works, financial, marketing and business data, pricing and cost information, business
and marketing plans and customer and supplier lists and information, (F) trademarks, service marks, trade names, domain names
and applications and registrations therefor and ((G) other proprietary rights relating to any of the foregoing.
	 	 	 
	 	ii.
    	To
    the Company’s Knowledge, none of the activities or business conducted by the Company or proposed to be conducted by
    the Company infringes, violates or constitutes a misappropriation of (or in the past infringed, violated or constituted a
    misappropriation of) any Intellectual Property of any other Person. The Company has not received any written complaint, claim
    or notice alleging any such infringement, violation or misappropriation, and to the Knowledge of the Company, there is no
    basis for any such complaint, claim or notice.
	 	 	 
	 	iii.
    	Schedule
    4.w.iii. hereto identifies each (A) patent that has been issued or assigned to the Company with respect to any of its
    Intellectual Property, (B) pending patent application that the Company has made with respect to any of its Intellectual Property,
    (C) any copyright or trademark registration or application with respect to the Company’s Intellectual Property, and
    (D) license or other agreements pursuant to which the Company has granted any rights to any third party with respect to any
    of its Intellectual Property.
	 	 	 
	 	iv.	Schedule
4.w.iv. hereto identifies each agreement with a third party pursuant to which the Company obtains rights to Intellectual Property
material to the business of the Company (other than software that is generally commercially available) that is owned by a party
other than the Company. Other than license fees for software that is generally commercially available, the Company is not obligated
to pay any royalties or other compensation to any third party in respect of its ownership, use or license of any of its Intellectual
Property.

 

    	 	 	11│ Page

    	 

    

 

	 	v.	The
Company has taken reasonable precautions (i) to protect its rights in its Intellectual Property and (ii) to maintain the confidentiality
of its trade secrets, know-how and other confidential Intellectual Property, and to the Company’s Knowledge, there have
been no acts or omissions (other than those made based on reasonable, good faith business decisions) by the officers, directors,
stockholders and employees of the Company the result of which would be to materially compromise the rights of the Company to apply
for or enforce appropriate legal protection of the Company’s Intellectual Property.
	 	 	 
	 	vi.	All
of the Company’s Intellectual Property has been created by employees of the Company within the scope of their employment
by the Company or by independent contractors of the Company, all of whom have executed agreements expressly assigning all right,
title and interest in such Intellectual Property to the Company. No portion of the Company’s Intellectual Property was jointly
developed with any third party.

 

x.
Customers. Schedule 4.x. sets forth (i) the name of each of the top ten (10) customers (by dollar amount of purchases)
during 2016 and 2017, and (ii) the approximate amount for which each such customer was invoiced during such period. The Company
has not received any notice that, and neither has any Knowledge that, any top ten (10) customer (i) will cease to purchase or
reduce its purchases, or (ii) has sought, or is seeking, to reduce the price it will pay for products, including in each case
after the consummation of the transactions contemplated by this Agreement.

 

y.
Suppliers; Raw Materials. Schedule 4.y. sets forth (i) the name of each of the top ten (10) suppliers (by dollar
amount of purchases) from which the Company purchased raw materials, supplies, merchandise and other goods and services during
2016 and 2017 (each, a “Material Supplier”), and (ii) the approximate amount for which each such Material
Supplier invoiced the Company during such period. The Company has not received any notice that, and has no Knowledge that, there
has been any material adverse change in the price of such raw materials, supplies, merchandise or other goods or services, or
that any Material Supplier will not sell raw materials, supplies, merchandise and other goods to the Company at any time after
the Closing Date on terms and conditions similar to those used in its current sales to the Company, subject to general and customary
price increases.

 

z.
Product Warranty. Schedule 4.z. sets forth the Company’s current product warranty and the aggregate amounts
incurred by the Company in fulfilling obligations with respect to returns and warranty claims since 2016. There are no outstanding
obligations with respect to returns or warranty claims, other than those on Schedule 4.z. The Company is not aware of any
reason to believe that amounts expensed in fulfilling obligations with respect to returns or warranty claims in respect of the
product made by the Company will materially increase as a percentage of sales in future years.

 

    	 	 	12│ Page

    	 

    

 

aa.
Absence of Changes. Since the date of the Base Balance Sheet, there has not been: (i) any change in the assets, liabilities,
financial condition or operations of the Company from that reflected in the Financial Statements, except changes in the ordinary
course of business that have not been, either individually or in the aggregate, materially adverse; (ii) any change (individually
or in the aggregate), except in the ordinary course of business, in the contingent obligations of the Company by way of guaranty,
endorsement, indemnity, warranty or otherwise; (iii) any damage, destruction or loss, whether or not covered by insurance, materially
and adversely affecting the properties or business of the Company; (iv) any waiver or compromise by the Company of a valuable
right or of a material debt owed to it; (v) any loans made by the Company to its employees, officers or directors other than business
and travel expenses made in the ordinary course of business; (vi) any extraordinary increases in the compensation of any Company’s
employees, officers or directors; (vii) any declaration or any payment of any dividend or other distribution of the assets of
the Company; (viii) any issuance or a sale by the Company of any shares of its Common Stock or other securities; (ix) to the Company’s
Knowledge, any other event or condition of any character that has materially and adversely affected the Company’s business
or properties; or (x) any agreement or commitment by the Company to do any of the things described in this Section 4(aa).

 

bb.
Anti-Corruption. The Company has not and none of the Company’s respective officers, directors, employees, agents
or other individuals or entities acting for or on behalf of the Company has (i) used any funds for contributions, gifts, entertainment,
or other payments related to political activity or (ii) made any payment to any government official, in each case in violation
of the United States Foreign Corrupt Practices Act of 1977, as amended, the U.K. Bribery Act of 2010 or any similar law, rule
or regulation.

 

5.
Representations of Seller.

 

Seller
represents and warrants to Purchaser as follows, as of the Effective Date:

 

a.
Due Organization. The Seller is a corporation duly incorporated, validly existing and in good standing under the laws of
Delaware, and has all necessary power and authority to enter into and carry out this Agreement according to its terms. The Seller
is not in violation of, in conflict with, or default under, any of its governing documents, and there exists no condition or event
which, after notice or lapse of time or both, would result in any such violation, conflict or default.

 

b.
Authorization; Validity. The execution, delivery and performance of this Agreement and the Ancillary Agreements have been
duly authorized by all necessary action by the Seller, and the consummation by the Seller of the transactions contemplated hereby
and thereby, have been duly authorized by all necessary corporate action. The Agreement and the Ancillary Agreements will not
violate any term of any of the Seller’s governing documents or any other agreement, judicial decree, statute or regulation
to which the Seller is a party or by which the Seller or any of its assets may be bound or affected. This Agreement and the Ancillary
Agreements have been duly executed and delivered by the Seller. This Agreement, assuming due authorization, execution and delivery
by the Company and Purchaser, constitutes the valid and binding obligations of the Seller, enforceable in accordance with its
terms, except as such enforceability may be limited by bankruptcy, insolvency or similar laws and equitable remedies.

 

    	 	 	13│ Page

    	 

    

 

c.
Bankruptcy. No petition in bankruptcy (voluntary or otherwise), assignment for the benefit of creditors, or petition seeking
reorganization or arrangement or other action under federal or state bankruptcy law is pending against the Seller.

 

d.
Title. Immediately prior to the Closing, Seller owns all right, title and interest in and to the Shares, free and clear
of all Liens, any preemptive rights, rights of first refusal or similar rights. There are no voting agreements or voting trusts
with respect to any of the Shares. At the Closing, Purchaser will receive marketable, insurable and good title to the Purchased
Shares, free and clear of all Liens and upon exercise of the Option, Purchaser or its affiliate will receive marketable, insurable
and good title to the Option Shares, free and clear of all Liens.

 

e.
Brokers. Except as set forth on Schedule 5.e., no broker, finder or investment banker is entitled to any
brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement or any
other Transaction Document based upon arrangements made by or on behalf of Seller or the Company.

 

f.
Restrictions. There are no options to purchase nor rights to otherwise acquire the Shares, other than with respect to the
Purchaser. No Person has any claim, right or interest in or to any shares. No Person is a party to or bound by any options, calls,
warrants, agreements, arrangements or preemptive rights or commitments of any character relating to the Shares.

 

6.
Representations of the Purchaser.

 

The
Purchaser represents and warrants to the Company as follows as of the Effective Date and as of Closing:

 

a.
Investment. The Purchaser is acquiring the Shares, and the shares of Common Stock into which the Shares may be converted,
for its own account for investment and not with a view to, or for sale in connection with, any distribution thereof, nor with
any present intention of distributing or selling the same; and, except as contemplated by this Agreement and the Exhibits hereto,
the Purchaser has no present or contemplated agreement, undertaking, arrangement, obligation, indebtedness or commitment providing
for the disposition thereof. Purchaser acknowledges that the Shares, and the shares of Common Stock into which the Shares may
be converted, are not registered under the Securities Act of 1933, as amended (the “Securities Act”), or any
state securities laws, and that such Shares may not be transferred or sold except pursuant to the registration provisions of the
Securities Act of 1933, as amended or pursuant to an applicable exemption therefrom and subject to state securities laws and regulations,
as applicable.

 

    	 	 	14│ Page

    	 

    

 

b.
Authority; Validity. The execution, delivery and performance of this Agreement and the Ancillary Agreements have been duly
authorized by all necessary action by the Purchaser, and the consummation by the Purchaser of the transactions contemplated hereby
and thereby, have been duly authorized by all necessary corporate action. The Agreement and the Ancillary Agreements will not
violate any term of any of the Purchaser’s governing documents or any other agreement, judicial decree, statute or regulation
to which the Purchaser is a party or by which the Purchaser or any of its assets may be bound or affected. This Agreement and
the Ancillary Agreements have been duly executed and delivered by the Purchaser. This Agreement, assuming due authorization, execution
and delivery by the Seller and Company, constitutes the valid and binding obligations of the Purchaser, enforceable in accordance
with its terms, except as such enforceability may be limited by bankruptcy, insolvency or similar laws and equitable remedies.

 

c.
Experience. The Purchaser has carefully reviewed the representations concerning the Company contained in this Agreement,
and has made detailed inquiry concerning the Company, its business and its personnel; the officers of the Company have made available
to the Purchaser any and all written information that it has requested and have answered to the Purchaser’s satisfaction
all inquiries made by the Purchaser; and the Purchaser has sufficient knowledge and experience in finance and business that it
is capable of evaluating the risks and merits of its investment in the Company and the Purchaser is able financially to bear the
risks thereof.

 

d.
Sufficiency of Funds. Purchaser has sufficient cash on hand or other sources of immediately available funds to enable it
to make payment of the Purchase Price and to satisfy all other costs and expenses of Purchaser and to consummate the transactions
contemplated by this Agreement.

 

e.
Brokers. No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission
in connection with the transactions contemplated by this Agreement or any other Transaction Document based upon arrangements made
by or on behalf of Purchaser.

 

f.
Non-Reliance. Purchaser further acknowledges and agrees that any estimates, budgets relating to future periods, projections,
forecasts or other predictions that may have been provided to Purchaser or any of their respective representatives by or on behalf
of Seller or the Company any of their respective representatives are not representations or warranties of Seller or the Company
or guarantees of performance and that actual results may vary substantially from any such estimates, budgets, projections, forecasts
or other predictions.

 

g.
Due Diligence. Purchaser acknowledges that it has had access to the properties and operations of the Company and has had
the opportunity to meet with and ask questions of Company’s management to discuss the business, assets, liabilities, financial
condition, cash flow and operations of the Company. Purchaser acknowledges that it has made its own independent examination, investigation,
analysis and evaluation of the Company, including Purchaser’s own estimate of the value of the business of the Company.
Purchaser acknowledges that it has undertaken such due diligence (including a review of the assets, liabilities, books and records
and contracts of the Company) as it deems adequate, including that described above. In entering into this Agreement, Purchaser
acknowledges that it has relied solely upon the aforementioned investigation, review and analysis and not on any representations,
warranties or statements of the Company or Seller, whether written or oral, or their respective representatives, except the representations
and warranties of the Company and Seller set forth in this Agreement and the other Ancillary Agreements. Purchaser has been permitted
by Seller to conduct environmental due diligence of the Company.

 

    	 	 	15│ Page

    	 

    

 

7.
Purchaser’s Conditions to Closing.

 

The
obligations of the Purchaser to purchase Purchased Shares at the Closing is subject to the fulfillment, or the waiver by the Purchaser,
of each of the following conditions to the satisfaction of the Purchaser on or before the Closing:

 

a.
Accuracy of Representations and Warranties. Each representation and warranty of the Company and the Seller shall be true
in all material respects on and as of the Closing Date with the same effect as though such representation and warranty had been
made on and as of that date.

 

b.
Performance. The Company and the Seller shall have performed and complied in all material respects with all agreements
and conditions contained in this Agreement required to be performed or complied with by the Company prior to or at the Closing.

 

c.
Amended and Restated Articles. The Company shall have adopted and filed the Amended and Restated Articles with the Secretary
of State of the State of California.

 

d.
Ancillary Agreements. The following agreements shall have been delivered to Purchaser:

 

	 	i.	Stockholders
Agreement. The Stockholders Agreement attached hereto as Exhibit C (the “Stockholders Agreement”)
shall have been executed and delivered by the Company, Purchaser and Seller.
	 	 	 
	 	ii.	Stock
Option Agreement. The Stock Option Agreement attached hereto as Exhibit D shall have been executed and delivered by
the Company and the Purchaser.
	 	 	 
	 	iii.	Executive
Services Agreement. The Executive Services Agreement for Mr. Lyle Probst whereby Mr. Probst shall provide services to the
Company as President attached hereto as Exhibit E shall have been executed and delivered by the Company, the Seller and
Mr. Probst (“Probst Agreement”).

 

    	 	 	16│ Page

    	 

    

 

	 	iv.	Confidential
Information, Inventions and Non-Compete Agreement. The Confidential Information, Inventions and Non-Compete Agreement attached
hereto as Exhibit F shall have been executed and delivered by the Company, Seller and Mr. Probst.
	 	 	 
	 	v.	Employment
Agreement. The Employment Agreement for Mr. Kent Murray whereby Mr. Murray shall be appointed Senior Vice President of Finance
and Operations and Treasurer attached hereto as Exhibit G shall have been executed and delivered by the Company and Mr.
Murray.
	 	 	 
	 	vi.	Confidential
Information, Inventions and Non-Compete Agreement. The Confidential Information, Inventions and Non-Compete Agreement attached
hereto as Exhibit H shall have been executed and delivered by the Company and Mr. Murray.
	 	 	 
	 	vii.	Valkyrie
Consulting Agreement. The Consulting Agreement for the services of Valkyrie Group International, LLC attached hereto as Exhibit
I shall have been executed and delivered by the Company and Valkyrie Group International, LLC.
	 	 	 
	 	viii.	Management
Services Agreement. The Management Services Agreement for the services of East West Resources Corporation (“EWR”)
attached hereto as Exhibit J (“MSA”) shall have been executed and delivered by the Company and EWR.

 

e.
Company Good Standing Certificate. The Company shall have delivered to the Purchaser a certificate, as of the most recent
practicable date, as to the corporate good standing of the Company issued by the Secretary of State of the State of California.

 

f.
Company Board Consent Pre-Closing. A Unanimous Written Consent of the board of directors (“Board”) of
the Company dated prior to Closing shall have been delivered to Purchaser with resolutions:

 

	 	i.	Authorizing
and approving the adoption and filing of the Amended and Restated Articles with the Secretary of State of the State of California.
	 	 	 
	 	ii.	Authorizing
and approving the Bylaws of the Company, as amended and in effect as of the Closing Date, which shall provide (A) that the holders
of the Series A Preferred must be present, in person or represented by proxy, at all meetings of the stockholders for a quorum
for the transaction of business, and (B) for the prohibition of further amendment of the Bylaws without the consent of the Series
A Preferred.
	 	 	 
	 	iii.	Authorizing
and approving the steps necessary under the California Corporation Code Section 409(a)(2) to achieve the recapitalization set
forth in Section 4.i. for the Shares.
	 	 	 
	 	iv.	Authorizing
and approving the execution and delivery of this Agreement and the Ancillary Agreements and the transactions contemplated hereby
and thereby.

 

    	 	 	17│ Page

    	 

    

 

g.
Seller Good Standing Certificate. The Seller shall have delivered to the Purchaser a certificate, as of the most recent
practicable date, as to the corporate good standing of the Seller issued by the Secretary of State of the State of Delaware.

 

h.
Seller Board Consent Pre-Closing. A Unanimous Written Consent of the Board of Seller dated prior to Closing with resolutions
authorizing and approving the Agreement and the transactions contemplated thereby shall have been delivered to Purchaser.

 

i.
Company Stockholder Consent Pre-Closing. A written consent of the Seller, as the sole stockholder of the Company, authorizing
and approving the Agreement and the sale of the Shares to the Purchaser pursuant to the Stockholder Agreement shall have been
delivered to Purchaser.

 

j.
Affidavit of Lyle Probst and William Caragol. An Affidavit of Lyle Probst and William Caragol that no stockholder consent
by the stockholders of the Seller is required to consummate the transactions contemplated by the Agreement, that they collectively
own approximately sixty-five percent (65%) of Seller, and if there was a stockholder consent required for the transactions contemplated
by the Agreement, that they would fully support the transactions contemplated by the Agreement.

 

k.
Company Stockholders Consent at Closing. A Unanimous Written Consent of the stockholders of the Company (Purchaser and
Seller) dated the Closing Date shall have been delivered resolving to elect the following as members of Board as of the Closing
Date: William Caragol, Lyle Probst, Karim El-Hibri, Craig Vanderwagen and Robert Neumann (the “New Board Members”).
Such Unanimous Written Consent shall appoint Craig Vanderwagen as Chairman of the Board.

 

l.
Company Consent at Closing. A Unanimous Written Consent of the New Board Members of the Company dated the Closing Date
shall have been delivered to the Purchaser resolving:

 

    	 	 	18│ Page

    	 

    

 

	 	i.	That
the Company shall bind the Directors and Officers insurance with a carrier and in an amount satisfactory to the Board and that
the Company shall enter into an Indemnification Agreement with each director in form acceptable to the Board.
	 	 	 
	 	ii.	That
the Company shall require all persons now or hereafter employed by the Company who have access to confidential and proprietary
information of the Company to enter into nondisclosure and assignment of inventions agreement substantially in the form as may
be approved by the Board.
	 	 	 
	 	iii.	That
the Company shall reserve and maintain a sufficient number of shares of Common Stock for issuance upon conversion of all the outstanding
Shares.
	 	 	 
	 	iv.	That
the following officers of the Company are appointed as of the Closing Date: Mr. Lyle Probst as President; Mr. Kent Murray as Treasurer;
and Zen Hunter-Ishikawa as Secretary.
	 	 	 
	 	v.
    	That
    the Probst Agreement and MSA, which are related party agreements, are authorized and approved and that the Probst Agreement
    shall be signed by the Secretary of the Company on behalf of the Company and the MSA shall be signed by the Treasurer of the
    Company on behalf of the Company.
	 	 	 
	 	vi.	That
the budget for 2017 and the 5-year financial plan for 2017 to 2021, which shall be attached thereto, have been approved.
	 	 	 
	 	vii.	That
the agreed-upon authorization matrix delegating authority from the Board to management, which shall be attached thereto, has been
approved.

 

m.
Other Documents. The Seller shall have delivered to the Purchaser the following documents:

 

	 	i.	A
valuation of the Company prepared by a reputable, independent third party.
	 	 	 
	 	ii.	A
release from Mr. Dick A. Glass releasing his security interest in the stock of the Company owned by Seller and a general release
for the Company.
	 	 	 
	 	iii.	A
consent from Dominion Capital LLC consenting to the contemplated transaction, releasing its security interests in the assets of
the Company and agreeing to modify its UCC filings to reflect such release.
	 	 	 
	 	iv.
    	A
consent from each of GHS Investments LLC and Union Capital LLC consenting to the contemplated transaction (including language
addressing a release of their security interest in assets of the Company).
	 	 	 
	 	v.
    	A
consent from California Bank of Commerce consenting to the contemplated transactions.

 

    	 	 	19│ Page

    	 

    

 

	 	vi.	A
consent from each of the unsecured noteholders, Crossover Capital Fund I LLC and Crossover Capital Fund II LLC, consenting to
the contemplated transaction.
	 	 	 
	 	vii.	A
resignation of from Allison Tomek whereby she resigns as a Director and Secretary of the Company.
	 	 	 
	 	viii.	An
acceptance by Robert Neumann whereby he accepts the appointment as a director of the Company.
	 	 	 
	 	ix.	An
acceptance by Karim El-Hibri whereby he accepts the appointment as a director of the Company.
	 	 	 
	 	x.	An
acceptance by Craig Vanderwagen whereby he accepts the appointment as a director of the Company
	 	 	 
	 	xi.	An
acceptance by Zen Hunter-Ishikawa whereby he accepts the appointment as a Secretary of the Company.

 

8.
Seller’s Conditions for Closing.

 

The
obligations of the Seller to sell Purchased Shares at Closing is subject to fulfillment, or the waiver by the Seller, of each
of the following conditions to the satisfaction of the Seller on or before the Closing:

 

a.
Accuracy of Representations and Warranties. The representations and warranties of the Purchaser shall be true on and as
of the Closing Date with the same effect as though such representations and warranties had been made on and as of that date.

 

b.
Performance. The Purchaser shall have performed and complied with all agreements and conditions contained in this Agreement
required to be performed or complied with by the Purchaser prior to or at the Closing.

 

c.
Purchaser Good Standing Certificate. Purchaser shall have delivered to Seller a certificate, as of the most recent practicable
date, as to the corporate good standing of Purchaser issued by the Secretary of State of the State of Florida.

 

d.
Payment of Purchase Price. Purchaser shall have paid the Purchase Price to Seller.

 

e.
Purchaser Consent Pre-Closing. A Consent by the Members of the Purchaser dated prior to Closing authorizing and approving
the Agreement and the transactions contemplated thereby shall have been delivered to Seller.

 

f.
Other Documents. The Probst Agreement shall have been executed by the parties.

 

    	 	 	20│ Page

    	 

    

 

9.
Indemnification.

 

a.
Seller’s Indemnification Obligation. The Seller covenants and agrees to indemnify, defend and hold harmless the Purchaser
and its officers, directors, control Persons, representatives, executors, assigns, successors and affiliates (collectively, the
“Purchaser Indemnified Parties”) from, against and in respect of any and all losses, damages, liabilities,
claims, costs, expenses (including reasonable legal fees) (“Losses”); provided, however, that “Losses”
will not include special, exemplary, treble, unforeseeable consequential, or punitive damages, suffered, sustained, incurred or
paid by any Purchaser Indemnified Party resulting from or arising out of, directly or indirectly:

 

	 	i.	Any
misrepresentation, breach or inaccuracy of any representation or warranty of the Company or the Seller set forth in this Agreement
or any Schedule, or Ancillary Agreement delivered by or on behalf of the Company or any Seller in connection herewith.
	 	 	 
	 	ii.	Any
breach of any covenant or agreement on the part of the Company or the Seller set forth in this Agreement or any Schedule, agreement,
certificate or other document delivered by or on behalf of the Company or the Seller in connection herewith.

 

b.
Purchaser’s Indemnification Obligation. The Purchaser covenants and agrees to indemnify, defend and hold harmless
the Seller and its officers, directors, control Persons, employees, stockholders, representatives, executors, assigns, successors
and affiliates (collectively, the “Seller Indemnified Parties”) from, against and in respect of all Losses
suffered, sustained, incurred or paid by any Seller Indemnified Party resulting from or arising solely out of, directly or indirectly:

 

	 	i.	Any
    misrepresentation, breach or inaccuracy of any representation or warranty of the Purchaser set forth in this Agreement or
    any agreement, certificate or other document delivered by or on behalf of the Company or any Seller in connection herewith.
	 	 	 
	 	ii.	 Any
    breach of any covenant or agreement on the part of the Purchaser set forth in this  Agreement or any agreement, certificate
    or other document delivered by or on behalf of the Purchaser in connection herewith.

 

    	 	 	21│ Page

    	 

    

 

c.
Limitations.

 

	 	i.	If
any fact, circumstance or event gives rise to a claim pursuant to multiple sections or provisions of this Agreement or any Schedule,
agreement, certificate or other document delivered in connection herewith, the party asserting such claim shall have the right,
at its sole discretion, to assert its claim pursuant to any or all such sections or provisions, but shall only be entitled to
recover or be indemnified with respect to its actual Losses suffered or incurred notwithstanding the number of sections of this
Agreement pursuant to which it assets its claim.
	 	 	 
	 	ii.	Notwithstanding
the above, the amount of any indemnification under this Agreement shall be reduced by the amount of any insurance proceeds payable
or Tax benefits allowable as a result any Losses.
	 	 	 
	 	iii.	Notwithstanding
anything herein to the contrary, any Claims (as defined below) with respect to which there is a finding or judgment of fraud,
intentional misrepresentation or willful misconduct shall not be subject to the limitations under this Section 9.
	 	 	 
	 	iv.	Except
for remedies of specific performance, injunction and other equitable relief and except to the extent claims INVOLVE fraud, intentional
misrepresentation or willful misconduct, THE SOLE AND EXCLUSIVE REMEDY OF THE INDEMNIFIED PARTIES IN CONNECTION WITH ANY BREACH
OF THIS AGREEMENT SHALL BE AS SET FORTH IN THIS
SECTION 9.
	 	 	 
	 	v.	Seller
will not be liable to the Purchaser Indemnified Parties for indemnification under Section 9.a. until the aggregate amount of all
Losses in respect of indemnification under Section 9.a. exceeds $10,000 (the “Basket”), in which event Seller will
be required to pay or be liable for all such Losses from the first dollar. The aggregate amount of all Losses for which Seller
will be liable pursuant to Section 9.a. will not exceed the Purchase Price.
	 	 	 
	 	vi.
    	Notwithstanding
anything in this Agreement to the contrary, no party will be entitled to indemnification or reimbursement under any provision
of this Agreement for any amount to the extent such party or its affiliate has been indemnified or reimbursed for such amount
under any other provision of this Agreement, the Exhibits or the Disclosure Schedules attached to this Agreement, or any other
document executed in connection with this Agreement or otherwise.

 

d.
Survival and Expiration of Representations, Warranties and Covenants.

 

The
representations and warranties of Purchaser, Seller and Company (whether set forth in this Agreement or any Schedule, agreement,
certificate or other document delivered by or on behalf of Purchaser, Seller or Company in connection herewith) shall survive
the Closing and shall expire on the sixth (6th) month anniversary hereof.

 

    	 	 	22│ Page

    	 

    

 

e.
Indemnification Procedures. Except as otherwise specifically addressed in this Agreement, all claims for indemnification
under this Section 9 (“Claims”) shall be asserted and resolved as follows:

 

	 	i.	In
the event that any Person entitled to indemnification hereunder (the “Indemnified Party”) has a Claim against
any party obligated to provide indemnification pursuant to Section 9.a. or 9.b. hereof (the “Indemnifying Party”),
the Indemnified Party shall promptly notify the Indemnifying Party of such Claim, specifying the nature of such Claim and the
amount or the estimated amount thereof to the extent then feasible (which estimate shall not be conclusive of the final amount
of such Claim) (the “Claim Notice”).
	 	 	 
	 	ii.	If
within thirty (30) days after receiving such Claim Notice, the Indemnifying Party gives written notice to the Indemnified Party
acknowledging its obligation to indemnify and stating that it intends to defend against such claim or Losses at its own cost and
expense, the defense (including the right to settle or compromise such action) of such matter, including selection of counsel
(subject to the consent of the Indemnified Party, which consent shall not be unreasonably withheld or delayed) and the sole power
to direct and control such defense, shall be by the Indemnifying Party. In any such defense, the Indemnifying Party will consult
with the Indemnified Party in connection with the Indemnifying Party’s defense, as reasonably requested by the Indemnified
Party. The Indemnified Party shall use its commercially reasonable efforts to make available all information and assistance that
the Indemnifying Party may reasonably request and shall cooperate with the Indemnifying Party in such defense. Notwithstanding
anything herein to the contrary, the Indemnifying Party shall not settle any indemnifiable claim without the consent of the Indemnified
Party (which consent shall not be unreasonably withheld or delayed). For the avoidance of doubt, “indemnifiable claim”
as used in this subsection means that the Indemnifying Party is required to provide indemnification against such claim or Losses
under the terms of this Section 9.
	 	 	 
	 	iii.	If
the Indemnify Party does not notify the Indemnified Party within thirty (30) days after receiving such Claim Notice, the amount
of such Claim shall be conclusively deemed a liability of the Indemnifying Party hereunder.
	 	 	 
	 	iv.	If
    the Indemnifying Party provides notice within thirty (30) days after receiving such Claim Notice that it disputes its responsibility
    for the Claim, the parties shall attempt in good faith for ten (10) business days to agree upon the rights of the respective
    parties with respect to such Claim, and if such parties shall not agree, each Indemnified Party shall be entitled to initiate
    proceedings and seek remedies as may be permitted.

 

    	 	 	23│ Page

    	 

    

 

f.
Indemnification Payments. 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, rule or regulation.

 

g.
Mitigation. Each Indemnified Party shall be obligated to use its commercially reasonable efforts to mitigate to the fullest
extent practicable the amount of any Loss for which it is entitled to seek indemnification under this Section 9, and the
Indemnifying Party shall not be required to make any payment to an Indemnified Party in respect of such Loss to the extent such
Indemnified Party has failed to comply with the foregoing obligation.

 

h.
Right to Set-Off. Purchaser shall have a right of set-off for any Losses under Section 9 against any payments to be made
by Purchaser to Seller pursuant to this Agreement or any other agreement among any of the parties or their respective affiliates.

 

10.
Non-Compete.

 

For
a period commencing on the Effective Date and ending on the fourth (4th) anniversary of the Effective Date, absent
Purchaser’s prior written approval, PSID shall not, anywhere in the world, directly or indirectly, (a) engage in direct
or indirect competition with the Company, (b) conduct a business of the type and character engaged in by the Company at the time
of the Effective Date, (c) develop products or services competitive with those of the Company or that would have a negative effect
on the Company’s revenue or results of operations, or (d) enter into any collaboration, joint venture or other similar agreement
with any current or former customer of the Company if such collaboration, joint venture or agreement could cause such customer
to reduce or cease purchases from the Company or have a material adverse effect on the Company’s revenue or results of operations.

 

11.
Miscellaneous.

 

a.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors and permitted assigns. This Agreement, and the rights and obligations of the Purchaser hereunder, may be assigned in
whole or in part, by the Purchaser to an affiliate of Purchaser upon the prior written consent of Seller. The Seller may not assign
its rights or obligations under this Agreement.

 

b.
Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability
of any other provision of this Agreement.

 

c.
Specific Performance. In addition to any and all other remedies that may be available at law in the event of any breach
of this Agreement, the Purchaser and the Seller, respectively, shall be entitled to specific performance of the agreements and
obligations of the other party or the Company as to the Purchaser and to such other injunctive or other equitable relief as may
be granted by a court of competent jurisdiction.

 

    	 	 	24│ Page

    	 

    

 

d.
Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Florida
(without reference to the conflicts of law provisions thereof). All actions and proceedings arising out of or relating to this
Agreement shall be heard and determined exclusively in any state or federal court sitting in Florida. EACH PARTY IRREVOCABLY CONSENTS
TO AND SUBMITS TO (A) THE EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT SITTING IN THE ABOVE-NAMED VENUES, AND (B) IRREVOCABLY
WAIVES, AND AGREES NOT TO ASSERT BY WAY OF MOTION, DEFENSE, OR OTHERWISE, IN ANY LEGAL PROCEEDING, ANY CLAIM THAT IT IS NOT SUBJECT
PERSONALLY TO THE JURISDICTION OF THE ABOVE-NAMED COURTS, THAT ITS PROPERTY IS EXEMPT OR IMMUNE FROM ATTACHMENT OR EXECUTION,
THAT THE LEGAL PROCEEDING IS BROUGHT IN AN INCONVENIENT FORUM, THAT THE VENUE OF THE LEGAL PROCEEDING IS IMPROPER, OR THAT THIS
AGREEMENT OR THE CONTEMPLATED TRANSACTIONS MAY NOT BE ENFORCED IN OR BY ANY OF THE ABOVE-NAMED COURTS.

 

e.
Notices. All notices, requests, consents, and other communications under this Agreement shall be in writing and shall be
deemed delivered (i) two business days after being sent by registered or certified mail, return receipt requested, postage prepaid
or (ii) one business day after being sent via a reputable nationwide overnight courier service guaranteeing next business day
delivery, in each case to the intended recipient as set forth below:

 

If
to the Company:

 

E-N-G
Mobile Systems, Inc.

2245
Via De Mercados

Concord,
California 94520

Attn:
Lyle Probst

 

If
to Purchaser:

 

Holdings
ENG, LLC

12001
Glen Road

Potomac,
MD 20854

Attn:
Marcia Nass

 

If
to Seller:

 

PositiveID
Corporation

1690
South Congress Avenue, Suite 201

Delray
Beach, Florida 33445

Attn:
William J. Caragol

 

    	 	 	25│ Page

    	 

    

 

Any
party may give any notice, request, consent or other communication under this Agreement using any other means (including, without
limitation, personal delivery, messenger service, telecopy, first class mail or electronic mail), but no such notice, request,
consent or other communication shall be deemed to have been duly given unless and until it is actually received by the party for
whom it is intended. Any party may change the address to which notices, requests, consents or other communications hereunder are
to be delivered by giving the other parties notice in the manner set forth in this Section.

 

f.
Complete Agreement. This Agreement (including its Exhibits) and the Ancillary Agreements constitute the entire agreement
and understanding of the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings
relating to such subject matter.

 

g.
Amendments and Waivers. Except as otherwise expressly set forth in this Agreement, any term of this Agreement may be amended
with the written consent of the Purchaser, Seller and Company. No waiver of any provision of this Agreement shall be valid unless
in writing and signed by the person against whom it is sought to be enforced. No waivers of any term, condition or provision of
this Agreement, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such
term, condition or provision.

 

h.
Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural, and vice versa.

 

i.
Counterparts; Facsimile Signatures. This Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original, and all of which shall constitute one and the same document. This Agreement may be executed by portable
document format or facsimile signatures.

 

j.
Section Headings. The section headings are for the convenience of the parties and in no way alter, modify, amend, limit,
or restrict the contractual obligations of the parties.

 

k.
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREIN OR THE ACTIONS OF THE PARTIES IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT.

 

l.
Public Announcements. No party shall issue any public report, statement or press release or similar item or make any other
public disclosure with respect to the substance of this Agreement prior to the consultation with and approval of, the other parties
except as may be required by law, in which case the parties shall reasonably cooperate as to the timing and content of such report,
statement or press release.

 

m.
Expenses. Except as otherwise expressly set forth herein, the parties shall pay their respective expenses of the transactions
herein contemplated.

 

[Remainder
of Page Intentionally Left Blank]

 

    	 	 	26│ Page

    	 

    

 

Executed
as of the date first written above.

 

 E-N-G MOBILE SYSTEMS, INC.

 

	 	By:	/s/
    Lyle L. Probst
	 	Name:	Lyle L. Probst
	 	Title:	President

 

HOLDINGS
ENG, LLC

 

	 	By:	/s/
    Karim EI-Hibri
	 	Name:	Karim EI-Hibri
	 	Title:	Deputy Manager

 

POSITIVEID
CORPORATION

 

	 	By:	/s/
    William J. Caragol
	 	Name:	William J. Caragol
	 	Title:	Chief Executive Officer 

 

    	 	 	27│ Page

    	 

    

 

Exhibit
A

 

Amended
and Restated Articles

 

    	 	 	28│ Page

    	 

    

 

Exhibit
B

 

Amended
and Restated Bylaws

 

    	 	 	29│ Page

    	 

    

 

Exhibit
C

 

Stockholders
Agreement

 

Exhibit
D

 

Stock
Option Agreement

 

    	 	 	30│ Page

    	 

    

 

Exhibit
E

 

Probst
Agreement

 

    	 	 	31│ Page

    	 

    

 

Exhibit
F

 

Confidential
Information, Inventions and Non-Compete Agreement (Probst and Seller)

 

    	 	 	32│ Page

    	 

    

 

Exhibit
G

 

Employment
Agreement

 

    	 	 	33│ Page

    	 

    

 

Exhibit
H

 

Confidential
Information, Inventions and Non-Compete Agreement (Murray)

 

    	 	 	34│ Page

    	 

    

 

Exhibit
I

 

Valkyrie
Consulting Agreement

 

    	 	 	35│ Page

    	 

    

 

Exhibit
J

 

MSA

 

    	 	 	36│ Page

    	 

    

 

Schedule
4.i.

 

Capitalization

 

	 	 	Shares	 	 	Percent	 
	 	 	 	 	 	 	 
	Recapitalization prior to Closing:	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Pre-Closing Authorized Stock	 	 	3,000	 	 	 	100.00	%
	Authorized Common	 	 	2,000	 	 	 	66.66	%
	Authorized Series A Preferred	 	 	1,000	 	 	 	33.33	%
	Pre-Closing Seller Total - Issued	 	 	600	 	 	 	100	%
	Common	 	 	241	 	 	 	 	 
	Series A Preferred	 	 	359	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	At Closing after Purchase of Shares	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Post-Closing Authorized Stock	 	 	3,000	 	 	 	100.00	%
	Authorized Common	 	 	2,000	 	 	 	66.66	%
	Authorized Series A Preferred	 	 	1,000	 	 	 	33.33	%
	Post-Closing Seller Total - Issued	 	 	301	 	 	 	50.17	%
	Common	 	 	241	 	 	 	 	 
	Series A Preferred	 	 	60	 	 	 	 	 
	Post-Closing Purchaser Series A - Issued	 	 	299	 	 	 	49.83	%
	 	 	 	 	 	 	 	 	 
	After Closing if Purchaser Exercises Option from Company	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Post-Closing Authorized Stock	 	 	3,000	 	 	 	100.00	%
	Authorized Common	 	 	2,000	 	 	 	66.66	%
	Authorized Series A Preferred	 	 	1,000	 	 	 	33.33	%
	Post-Closing Seller Total - Issued	 	 	301	 	 	 	49.92	%
	Common	 	 	241	 	 	 	 	 
	Series A Preferred	 	 	60	 	 	 	 	 
	Post-Closing Purchaser Series A Total - Issued	 	 	302	 	 	 	50.08	%
	Original Purchase	 	 	299	 	 	 	 	 
	Company Option Purchase	 	 	3	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	After Closing if Purchaser Exercises Option from Company and Option from Seller (all Option Shares)	 
	 	 	 	 	 	 	 	 	 
	Post-Closing Authorized Stock	 	 	3,000	 	 	 	100.00	%
	Authorized Common	 	 	2,000	 	 	 	66.66	%
	Authorized Series A Preferred	 	 	1,000	 	 	 	33.33	%
	Post-Closing Seller Total	 	 	241	 	 	 	39.97	%
	Common	 	 	241	 	 	 	 	 
	Series A Preferred	 	 	0	 	 	 	 	 
	Post-Closing Purchaser Series A Total	 	 	362	 	 	 	60.03	%
	Original Purchase	 	 	299	 	 	 	 	 
	Company Option Purchase	 	 	3	 	 	 	 	 
	Seller Option Purchase	 	 	60	 	 	 	 	 

 

    	 	 	37│ PageExhibit
10.2

 

STOCKHOLDERS
AGREEMENT

 

(PositiveID
Corporation, Holdings ENG, LLC and E-N-G Mobile Systems, Inc.)

 

THIS
STOCKHOLDERS AGREEMENT (this “Agreement”), is made as of June 12, 2017, by and among PositiveID Corporation,
a Delaware corporation (“Seller”), Holdings ENG, LLC, a Florida limited liability company (“Purchaser”)
and E-N-G Mobile Systems, Inc., a California corporation (the “Company”).

 

WHEREAS,
the Seller, Purchaser and Company are parties to a Stock Purchase Agreement of even date herewith (the “Purchase Agreement”),
pursuant to which the Purchaser has agreed to purchase shares of the Series A Convertible Preferred Stock of the Company, par
value $0.001 per share (“Series A Preferred Stock”); and

 

WHEREAS,
the Seller and the Company desire to further induce the Purchaser to purchase the Series A Preferred Stock.

 

NOW,
THEREFORE, the Seller, Purchaser and Company agree as follows:

 

1.
Definitions.

 

“Affiliate”
means, with respect to a Stockholder, any other person or entity who directly or indirectly, controls, is controlled by or is
under common control with such Stockholder, including, without limitation, any general partner, managing member, officer or director
of such Stockholder.

 

“Capital
Stock” means (a) shares of Common Stock and Series A Preferred Stock,whether now outstanding or hereafter issued in
any context; (b) shares of Common Stock issued or issuable upon conversion of Series A Preferred Stock; and (c) shares of Common
Stock issued or issuable upon exercise or conversion, as applicable, of stock options, warrants or other convertible securities
of the Company, in each case now owned or subsequently acquired by a Stockholder, or its successors or Permitted Transferees.
For purposes of the number of shares of Capital Stock held by a Stockholder (or any other calculation based thereon), all shares
of Series A Preferred Stock shall be deemed to have been converted into Common Stock at the then-applicable conversion ratio.

 

“Common
Stock” means shares of Common Stock of the Company, $0.001 par value per share.

 

“Company
Subscription Notice” means written notice from the Company to the Stockholders of the Company’s intent to exercise
its Right of First Refusal as to some, all or none of the Transfer Stock with respect to any Proposed Stockholder Transfer.

 

“Company
Undersubscription Notice” means written notice from the Company to the Stockholders that the Exercising Stockholders
have not exercised the option to purchase all of the Transfer Stock subject to the Secondary Refusal Right by the Stockholder
Subscription Deadline.

 

    	1 │ Page

    	 		 

    

 

“Exercising
Stockholder” means those Stockholders who fully or partially exercised their Secondary Refusal Right prior to or on
the Stockholder Subscription Deadline.

 

“Permitted
Transferees” means any person or entity identified under Subsection 4(c) or Subsection 4(d) and who are
not identified under Subsection 4(e).

 

“Proposed
Stockholder Transfer” means any assignment, sale, offer to sell, pledge, mortgage, hypothecation, encumbrance, disposition
of or any other like transfer or encumbering of any Transfer Stock (or any interest therein) proposed by a Stockholder.

 

“Proposed
Transfer Notice” means written notice from a Stockholder to the Company and all other Stockholders setting forth the
terms and conditions of a Proposed Stockholder Transfer.

 

“Prospective
Transferee” means any person to whom a Stockholder proposes to make a Proposed Stockholder Transfer.

 

“Right
of First Refusal” means the right, but not an obligation, of the Company, or its Permitted Transferees, to purchase
some or all of the Transfer Stock with respect to a Proposed Stockholder Transfer, on the terms and conditions specified in the
Proposed Transfer Notice.

 

“Secondary
Refusal Right” means the right, but not an obligation, of each Stockholder to purchase up to its pro rata portion (based
upon the total number of shares of Capital Stock then held by all Stockholders) of the Transfer Stock not purchased by the Company
pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.

 

“Stockholder”
means Seller and Purchaser, respectively, each person to whom the rights of a Stockholder are assigned pursuant to Subsection
4(c) and Subsection 4(d), each person who hereafter becomes a signatory to this Agreement pursuant to Subsection
4(h) and any one of them, as the context may require. Such assignees shall be set forth on Schedule 1.

 

“Stockholder
Subscription Deadline” means thirty (30) days after the delivery of the Proposed Transfer Notice.

 

“Stockholder
Subscription Notice” means written notice from a Stockholder to the Company and all other Stockholder(s) that such Stockholder
intends to exercise its Secondary Refusal Right as to its portion of the Transfer Stock with respect to any Proposed Stockholder
Transfer.

 

“Stockholder
Undersubscription Notice” means written notice from a Stockholder to the Company and all other Stockholder(s) that such
Stockholder intends to exercise its option to purchase all or any portion of the Transfer Stock not purchased pursuant to the
Right of First Refusal or the Secondary Refusal Right.

 

    	2 │ Page

    	 		 

    

 

“Transfer
Stock” means shares of Capital Stock owned by a Stockholder, or issued to a Stockholder after the date hereof (including,
without limitation, in connection with any stock split, stock dividend, recapitalization, reorganization, or the like).

 

2.
Right of First Refusal

 

(a)
Grant. Subject to the terms of Section 4(c) and Section 4(d) below, each Stockholder hereby unconditionally
and irrevocably grants to the Company a Right of First Refusal to purchase all or any portion of Transfer Stock that are the subject
of a Proposed Stockholder Transfer on terms and conditions substantially similar to (and in no event more favorable than) the
terms and conditions set forth in the Proposed Transfer Notice. Any Stockholder proposing to transfer Transfer Stock pursuant
to a Proposed Transfer Notice shall propose to transfer all (and not less than all) of the Capital Stock owned by such Stockholder.

 

(b)
Notice. Any Stockholder proposing to make a Proposed Stockholder Transfer must deliver a Proposed Transfer Notice to the
Company and all other Stockholders not later than forty-five (45) days prior to the consummation of such Proposed Stockholder
Transfer. Such Proposed Transfer Notice shall contain the material terms and conditions (including price and form of consideration)
of the Proposed Stockholder Transfer, the identity of the Prospective Transferee(s) and the intended date of the Proposed Stockholder
Transfer. To exercise its Right of First Refusal under this Section 2, the Company must deliver a Company Subscription
Notice to all Stockholders within fifteen (15) days after delivery of the Proposed Transfer Notice. Such Company Subscription
Notice shall include: (i) whether or not the Company is exercising its Right of First Refusal; and (ii) if the Company is exercising
its Right of First Refusal, the number of shares of Transfer Stock it is intending to purchase, and if applicable, the pro rata
number of shares of Transfer Stock available to each Stockholder for purchase.

 

(c)
Grant of Secondary Refusal Right to Stockholders. Subject to the terms of Section 4(c) and Section 4(d) below,
each Stockholder hereby unconditionally and irrevocably grants to all other Stockholder(s) a Secondary Refusal Right to purchase
all or any portion of the Transfer Stock not purchased by the Company pursuant to its Right of First Refusal and in the amounts
communicated by the Company in the Company Subscription Notice. To exercise its Secondary Refusal Right, a Stockholder must deliver
a Stockholder Subscription Notice to the Stockholders and the Company prior to or on the Stockholder Subscription Deadline.

 

(d)
Undersubscription of Transfer Stock. If options to purchase have been exercised by the Company and the Stockholder(s) with
respect to some but not all of the Transfer Stock by the Stockholder Subscription Deadline, then the Company shall, within five
(5) days after the Stockholder Subscription Deadline, send a Company Undersubscription Notice to the Exercising Stockholder(s).
Each Exercising Stockholder shall have an additional right to purchase all or any part of the balance of any such remaining unsubscribed
shares of Transfer Stock on the terms and conditions set forth in the Proposed Transfer Notice. To exercise such right, an Exercising
Stockholder must deliver a Stockholder Undersubscription Notice to the Company and to all other Stockholders within ten (10) days
after the Stockholder Subscription Deadline. In the event there are two (2) or more such Exercising Stockholders that elect to
purchase a total number of remaining shares in excess of the number available, the remaining shares available for purchase
under this Section 2(d) shall be allocated to each such Exercising Stockholder pro rata based on the number of shares of
Transfer Stock such Exercising Stockholder has elected to purchase pursuant to the Secondary Refusal Right. If the Secondary Refusal
Right is exercised in full by the Exercising Stockholders, the Company shall immediately notify all the Stockholders of that fact.

 

    	3 │ Page

    	 		 

    

 

(e)
Forfeiture of Rights. Notwithstanding the foregoing, if the Company Right of First Refusal and the Stockholder Secondary
Refusal Right are not exercised in full, then the Company and the Stockholders shall be deemed to have forfeited all rights to
purchase any Transfer Stock for that Proposed Stockholder Transfer, and the selling Stockholder shall be free to sell all, but
not less than all, of the Transfer Stock to the Prospective Transferee on terms and conditions substantially similar to (and in
no event more favorable than) the terms and conditions set forth in the Proposed Transfer Notice, it being understood and
agreed that (i) any such sale or transfer shall be subject to the other terms and restrictions of this Agreement; (ii) any future
Proposed Stockholder Transfer shall remain subject to the terms and conditions of this Agreement; and (iii) such sale shall be
consummated within seventy-five (75) days after receipt of the Proposed Transfer Notice by the Company and, if such sale is not
consummated within such seventy-five (75) day period, subsequent sales shall be subject to the Right of First Refusal and Secondary
Refusal Right on the terms set forth herein.

 

(f)
Closing. The closing of the purchase of Transfer Stock by the Company and the Stockholder shall take place, and all payments
from the Company and the Stockholder(s) shall have been delivered to the selling Stockholder, by the later of (i) the date specified
in the Proposed Transfer Notice as the intended date of the Proposed Stockholder Transfer; and (ii) sixty (60) days after delivery
of the Proposed Transfer Notice.

 

3.
Effect of Failure to Comply

 

(a)
Transfer Void; Equitable Relief. Any Proposed Stockholder Transfer not made in compliance with the requirements of this
Agreement shall be null and void ab initio, shall not be recorded on the books of the Company or its transfer agent and shall
not be recognized by the Company. Each party hereto acknowledges and agrees that any breach of this Agreement would result in
substantial harm to the other parties hereto for which monetary damages alone could not adequately compensate. Therefore, the
parties hereto unconditionally and irrevocably agree that any non-breaching party hereto shall be entitled to seek protective
orders, injunctive relief and other remedies available at law or in equity (including, without limitation, seeking specific performance
or the rescission of purchases, sales and other transfers of Transfer Stock not made in strict compliance with this Agreement).

 

(b)
Violation of First Refusal Right. If a selling Stockholder becomes obligated to sell any Transfer Stock to the Company
and/or any non-selling Stockholder(s) under this Agreement and fails to deliver such Transfer Stock in accordance with the terms
of this Agreement, the Company and/or such non-selling Stockholder(s) may, at their option, in addition to all other remedies
they may have, send to the selling Stockholder the purchase price for such Transfer Stock. Accordingly, in the case of the Company,
the Company shall effect such transfer of the Transfer Stock to the name of the Company on the Company’s books and in the
case of non-selling Stockholder(s), the Company shall effect such transfer of the Transfer Stock in the name of such non-selling
Stockholder(s) on the Company’s books. As requested by the non-selling Stockholder(s), the Company many issue certificates
representing the Transfer Stock to the applicable non-selling Stockholder(s).

 

    	4 │ Page

    	 		 

    

 

4.
Transfers; Assignments and Additional Stockholders.

 

(a)
Ownership. Each Stockholder represents and warrants that such Stockholder is the sole legal and beneficial owner of the
shares of Transfer Stock subject to this Agreement and that no other person or entity has any interest in such shares.

 

(b)
Prohibition of Sale. Notwithstanding anything to the contrary herein, none of the Stockholders may sell, transfer, encumber,
hypothecate or otherwise directly or indirectly dispose of any Capital Stock during the time period commencing on the date hereof
and ending twelve (12) months thereafter, other than the sale from the Seller to the Purchaser of the Capital Stock covered under
the option in the Purchase Agreement and the Stock Option Agreement dated on the date hereof between the Company and the Purchaser.

 

(c)
Exempted Transfers. Notwithstanding the foregoing or anything to the contrary herein, the provisions of Section 2
shall not apply (i) upon a transfer of Transfer Stock by a Stockholder to its Affiliates or (ii) upon a transfer of Transfer Stock
by a Stockholder or a Permitted Transferee made for bona fide estate planning purposes, either during his or her lifetime or on
death by will or intestacy to his or her spouse, child (natural or adopted), or any other direct lineal descendant of such Stockholder
(or his or her spouse). The recipients hereunder shall be deemed to be Permitted Transferees and such Permitted Transferees shall
become a party to this Agreement by executing and delivering an additional counterpart signature page to this Agreement and thereafter
shall be deemed a “Stockholder” for all purposes hereunder.

 

(d)
Exempted Offerings. Notwithstanding the foregoing or anything to the contrary herein, the provisions of Section 2 shall
not apply to the sale of any Transfer Stock (a) to the public in an offering pursuant to an effective registration statement under
the Securities Act of 1933, as amended (a “Public Offering”); or (b) pursuant to a Deemed Liquidation Event
(as defined in the Company’s Articles of Incorporation).

 

(e)
Prohibited Transferees. Notwithstanding the foregoing, no Stockholder shall transfer any Transfer Stock to (i) any entity
which, in the determination of the Company’s Board of Directors, directly or indirectly competes with the Company; or (ii)
any customer, distributor or supplier of the Company, if the Company’s Board of Directors should determine that such transfer
would result in such customer, distributor or supplier receiving information that would place the Company at a competitive disadvantage
with respect to such customer, distributor or supplier.

 

(f)
Assignment of Rights

 

	 	(i)	The
    terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and permitted
    assignees of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the
    parties hereto or their respective successors and permitted assignees any rights, remedies, obligations, or liabilities under
    or by reason of this Agreement, except as expressly provided in this Agreement.

 

    	5 │ Page

    	 		 

    

 

	 	(ii)	The
    rights of the Stockholders hereunder are not assignable except by a Stockholder to an Affiliate (also deemed to be a Permitted
    Transferee) and except as otherwise set forth in Subsections 4(c) and 4(d). Any successor or Permitted Transferee of
    any Stockholder shall become a party to this Agreement by executing and delivering an additional counterpart signature page
    to this Agreement and thereafter shall be deemed a “Stockholder” for all purposes hereunder.
	 	 	 
	 	(iii)	Except
    in connection with an assignment by the Company by operation of law to the acquirer of the Company, the rights and obligations
    of the Company hereunder may not be assigned under any circumstances.

 

(g)
Prospective Transferee. Any Prospective Transferee who purchases shares of Transfer Stock in accordance with the terms
hereof, may, but shall not be obligated to, become a party to this Agreement by executing and delivering an additional counterpart
signature page to this Agreement and thereafter, if elected to become a party to this Agreement, shall be deemed a “Stockholder”
for all purposes hereunder.

 

(h)
Additional Stockholder. Notwithstanding anything to the contrary contained herein, if the Company issues additional shares
of the Company’s Series A Preferred Stock after the date hereof or a Stockholder or its Permitted Transferee purchases additional
shares of Company’s Series A Preferred Stock, any purchaser of such shares of Series A Preferred Stock shall become a party
to this Agreement by executing and delivering an additional counterpart signature page to this Agreement and thereafter shall
be deemed an “Stockholder” for all purposes hereunder.

 

(h)
Employees or Consultants as Additional Stockholders. In the event that after the date of this Agreement, the Company issues
shares of Common Stock, or options to purchase Common Stock, to any employee or consultant, which shares or options would collectively
constitute with respect to such employee or consultant (taking into account all shares of Common Stock, options and other purchase
rights held by such employee or consultant) one percent (1%) or more of the Company’s then outstanding Common Stock (treating
for this purpose all shares of Common Stock issuable upon exercise of or conversion of outstanding options, warrants or convertible
securities, as if exercised or converted), the Company shall, as a condition to such issuance, cause such employee or consultant
to execute a counterpart signature page hereto as a Stockholder, and such person shall thereby be bound by, and subject to, all
the terms and provisions of this Agreement applicable to a Stockholder.

 

(i)
Aggregation of Stock. All shares of Capital Stock held or acquired by affiliated entities or persons shall be aggregated
together for the purpose of determining the availability of any rights under this Agreement and such affiliated entities or persons
may apportion such rights as among themselves in any manner they deem appropriate.

 

    	6 │ Page

    	 		 

    

 

(j)
Agreement to Lock-Up. Each Stockholder hereby agrees that it will not, without the prior written consent of the managing
underwriter, during the period commencing on the date of the final prospectus relating to the Company’s initial public offering
(the “IPO”) and ending on the date specified by the Company and the managing underwriter (such period not to
exceed one hundred eighty (l80) days), or such other period as may be requested by the Company or an underwriter to accommodate
regulatory restrictions on (1) the publication or other distribution of research reports; and (2) analyst recommendations and
opinions, including, but not limited to, the restrictions contained in FINRA Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor
provisions or amendments thereto, (a) lend, offer, pledge, sell, contract to sell, purchase any option, grant any option, right
or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Capital Stock held immediately
prior to the effectiveness of the registration statement for the IPO; or (b) enter into any swap or other arrangement that transfers
to another, in whole or in part, any of the economic consequences of ownership of the Capital Stock, whether any such transaction
described in clause (a) or (b) above is to be settled by delivery of Capital Stock or other securities, in cash or otherwise.
The foregoing provisions of this Section 4(j) shall not apply to the sale of any shares to an underwriter pursuant to an underwriting
agreement. This lock-up is not required unless all officers, directors and holders of more than one percent (1%) of the outstanding
Common Stock (after giving effect to the conversion into Common Stock of all outstanding Series A Preferred Stock) enter into
a lock-up agreement with the same terms and conditions above. The underwriters in connection with the IPO are intended third-party
beneficiaries of this Section 4(j) and shall have the right, power and authority to enforce the provisions hereof as though they
were a party hereto. Each Stockholder further agrees to execute such agreements as may be reasonably requested by the underwriters
in the IPO that are consistent with this Section 4(j) or that are necessary to give further effect thereto. In order to enforce
the foregoing covenant, the Company may impose stop-transfer instructions with respect to the shares of Capital Stock of each
Stockholder (and transferees and assignees thereof) until the end of such restricted period.

 

(k)
Legend. Each certificate, instrument, or book entry representing shares of Capital Stock held by a Stockholder or issued
to any Permitted Transferee in connection with a transfer permitted hereunder shall be notated with the following legend:

 

THE
SALE, PLEDGE, HYPOTHECATION, OR TRANSFER OF THE SECURITIES REPRESENTED HEREBY IS SUBJECT TO, AND IN CERTAIN CASES PROHIBITED BY,
THE TERMS AND CONDITIONS OF A STOCKHOLDERS AGREEMENT BY AND AMONG THE CORPORATION AND CERTAIN HOLDERS OF STOCK OF THE CORPORATION.
COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE CORPORATION.

 

Each
Stockholder agrees that the Company may instruct its transfer agent to impose transfer restrictions on the shares notated with
the legend referred to in this Section 4(k) above to enforce the provisions of this Agreement, and the Company agrees to
promptly do so. The legend shall be removed upon termination of this Agreement and at the request of the holder.

 

    	7 │ Page

    	 		 

    

 

5.
Protective Provisions. In addition to any other rights provided by law, and in addition to any restrictions imposed by
the Company’s Articles of Incorporation, as amended, or the Company’s Bylaws, as amended, so long as any shares of
Series A Preferred shall be outstanding, the Company shall not, without first obtaining the affirmative vote or written consent
of the holders of not less than a majority of the then outstanding shares of Series A Preferred Stock, engage in any of the following
acts:

 

(a)
file a petition in bankruptcy;

 

(b)
create, authorize, authorize the creation of, issue or sell any equity security, any security convertible into or exercisable
for any equity security, or any rights, options or warrants to subscribe for, purchase or otherwise acquire Capital Stock;

 

(c)
permit any consolidation, reorganization or merger of the Company with or into any other person;

 

(d)
acquire all or substantially all of the properties, assets or capital stock of any other corporation or entity;

 

(e)
sell, lease or otherwise dispose of assets or properties of the Company in an aggregate amount in excess of $100,000 in any calendar
year, other than in the ordinary course of business;

 

(f)
grant any lien on or security interest in any of the Company’s assets other than in the ordinary course of business;

 

(g)
incur any indebtedness for borrowed funds, excluding any draws on the existing line of credit in the ordinary course of business;

 

(h)
create or authorize the creation of any debt security;

 

(i)
approve or execute any contract, agreement or lease giving rise to a financial commitment or obligation of the Company other than
in the ordinary course of business;

 

(j)
purchase or redeem or pay any dividend on any capital stock, make any distribution or authorize a stock split or split-up;

 

(k)
increase or decrease the size of the Board of Directors;

 

(l)
create, or authorize the creation of, a subsidiary;

 

(m)
make any loan or advance to any person, except advances in the ordinary course of business;

 

(n)
guarantee any indebtedness except for trade accounts of the Company arising in the ordinary course of business;

 

    	8 │ Page

    	 		 

    

 

(o)
make any investment inconsistent with any investment policy approved by the Board;

 

(p)
enter into or be a party to any transaction with (A) any director, officer or employee of the Company or any “associate”
(as defined in Rule 12b-2 promulgated under the Exchange Act) of any such person or (B) any “affiliate” (as defined
in Rule 12b-2 promulgated under the Exchange Act) of the Company;

 

(q)
change the principal business of the Company, enter new lines of business, or exit the current line of business;

 

(r)
sell, assign, license, pledge or encumber material technology or intellectual property, other than licenses granted in the ordinary
course of business;

 

(s)
amend the Articles of Incorporation or the By-laws;

 

(t)
purchase, option or otherwise acquire any real property or any interest therein;

 

(u)
dissolve, wind-up or cease operations of the Company; or

 

(v)
enter into any corporate strategic relationship, joint venture or partnership.

 

6.
Stock Ownership.

 

(a)
Authorized Capital Stock. The authorized capital stock of the Company consists of 2,000 shares of Common Stock, of which
241 shares are issued and outstanding, and 1,000 shares of Series A Preferred Stock, of which 359 are issued and outstanding.

 

(b)
Current Ownership. On or prior to the date hereof, each set forth on Schedule I has subscribed for that number of shares
of Common Stock and Series A Preferred Stock representing that percentage of the outstanding shares of Common Stock and Series
A Preferred Stock of the Company as is set forth opposite its name on Schedule I. The Common Stock and Series A Preferred Stock
issued Stockholders as set forth on Schedule I are the only shares of Common Stock and Series A Preferred Stock of the Company
that are issued and outstanding on the date hereof.

 

7.
Miscellaneous.

 

(a)
Term. This Agreement shall automatically terminate upon the earlier of (i) immediately prior to the consummation of the
Company’s IPO; (ii) the consummation of a Deemed Liquidation Event (as defined in the Articles of Incorporation, as amended),
(iii) upon the affirmative vote or written consent of all of the Stockholders of the Company; and (iv) in the event there shall
only be one (1) holder of all the issued and outstanding Capital Stock of the Company.

 

    	9 │ Page

    	 		 

    

 

(b)
Stock Split. All references to numbers of shares in this Agreement shall be appropriately adjusted to reflect any stock
dividend, split, combination or other recapitalization affecting the Capital Stock occurring after the date of this Agreement.

 

(c)
Dispute Resolution. Any unresolved controversy or claim arising out of or relating to this Agreement shall be submitted
to arbitration by one arbitrator mutually agreed upon by the parties, and if no agreement can be reached within thirty (30) days
after names of potential arbitrators have been proposed by the American Arbitration Association (the “AAA”),
then by one arbitrator having reasonable experience in corporate finance transactions and who is chosen by the AAA. The arbitration
shall take place in the San Francisco Bay Area, in accordance with the AAA rules then in effect, and judgment upon any award rendered
in such arbitration will be binding and may be entered in any court having jurisdiction thereof. There shall be limited discovery
prior to the arbitration hearing as follows: (a) exchange of witness lists and copies of documentary evidence and documents relating
to or arising out of the issues to be arbitrated, (b) depositions of all party witnesses, and (c) such other depositions as may
be allowed by the arbitrators upon a showing of good cause. Depositions shall be conducted in accordance with the California Code
of Civil Procedure, the arbitrator shall be required to provide in writing to the parties the basis for the award or order of
such arbitrator, and a court reporter shall record all hearings, with such record constituting the official transcript of such
proceedings. The prevailing party shall be entitled to recover all expenses of any nature incurred in any way in connection with
the matter, whether incurred before arbitration, during arbitration, in an appeal, or in connection with enforcement of a judgment,
including, but not limited to, reasonable attorney’s fees, costs, and necessary disbursements in addition to any other relief
to which such party may be entitled.

 

(d)
Notices. All notices, requests, consents, and other communications under this Agreement shall be in writing and shall be
deemed delivered (i) two business days after being sent by registered or certified mail, return receipt requested, postage prepaid
or (ii) one business day after being sent via a reputable nationwide overnight courier service guaranteeing next business day
delivery, in each case to the intended recipient as set forth below:

 

If
to the Company:

 

E-N-G
Mobile Systems, Inc.

2245
Via De Mercados

Concord,
California 94520

Attn:
Lyle Probst

 

If
to Purchaser:

 

Holdings
ENG, LLC

12001
Glen Road

Potomac,
MD 20854

Attn:
Marcia Nass

 

If
to Seller:

 

PositiveID
Corporation

1690
South Congress Avenue, Suite 201

Delray
Beach, Florida 33445

Attn:
William J. Caragol

 

If
to any new Stockholder:

 

At
the address set forth in Schedule 1

 

    	10 │ Page

    	 		 

    

 

Any
party may give any notice, request, consent or other communication under this Agreement using any other means (including, without
limitation, personal delivery, messenger service, telecopy, first class mail or electronic mail), but no such notice, request,
consent or other communication shall be deemed to have been duly given unless and until it is actually received by the party for
whom it is intended. Any party may change the address to which notices, requests, consents or other communications hereunder are
to be delivered by giving the other parties notice in the manner set forth in this Section. All communications shall be sent to
the respective parties at their address as set forth in the Purchase Agreement or to such email address, facsimile number or address
as subsequently modified by written notice given in accordance with this Section 7(d).

 

(e)
Complete Agreement. This Agreement (including its Schedules) constitutes the entire agreement and understanding of the
parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings relating to such
subject matter.

 

(f)
Delays or Omissions. No delay or omission to exercise any right, power or remedy accruing to any party under this Agreement,
upon any breach or default of any other party under this Agreement, shall impair any such right, power or remedy of such non-breaching
or non-defaulting party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or
of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a
waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind
or character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party of
any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set
forth in such writing. All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be cumulative
and not alternative.

 

(g)
Amendment; Waiver and Termination. This Agreement may only be amended by the written consent of the Purchaser, Seller and
Company. No waiver of any provision of this Agreement shall be valid unless in writing and signed by the person against whom it
is sought to be enforced. No waivers of any term, condition or provision of this Agreement, in any one or more instances, shall
be deemed to be, or construed as, a further or continuing waiver of any such term, condition or provision.

 

(h)
Severability. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability
of any other provision.

 

(i)
Governing Law. This Agreement shall be governed by law of the State of California (without reference to the conflicts of
law provisions thereof).

 

    	11 │ Page

    	 		 

    

 

(j)
Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural, and vice versa.

 

(k)
Counterparts; Facsimile Signatures. This Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original, and all of which shall constitute one and the same document. This Agreement may be executed by portable
document format or facsimile signatures.

 

(l)
Section Headings. The section headings are for the convenience of the parties and in no way alter, modify, amend, limit,
or restrict the contractual obligations of the parties.

 

(m)
Specific Performance. In addition to any and all other remedies that may be available at law in the event of any breach
of this Agreement, each Stockholder shall be entitled to specific performance of the agreements and obligations of the Company
and a Stockholder hereunder and to such other injunction or other equitable relief as may be granted by a court of competent jurisdiction.

 

[Remainder
of Page Intentionally Left Blank]

 

    	12 │ Page

    	 		 

    

 

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

 

	 	STOCKHOLDER:
    POSITIVEID CORPORATION
	 	 	 
	 	By:	/s/
    William J. Caragol
	 	 	 
	 	Name:	William
    J. Caragol
	 	 	 
	 	Title:	Chief
    Executive Officer 
	 	 	 
	 	STOCKHOLDER:
    HOLDINGS ENG, LLC
	 	 	 
	 	By:	/s/
    Karim EI-Hibri
	 	 	 
	 	Name:	Karim
    EI-Hibri
	 	 	 
	 	Title:
    	Deputy
    Manager
	 	 	 
	 	COMPANY:
    E-N-G MOBILE SYSTEMS, INC.
	 	 	 
	 	By:	/s/
    Lyle L. Probst 
	 	 	 
	 	Name:	Lyle
    L. Probst
	 	 	 
	 	Title:	President

 

SIGNATURE
PAGE TO RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT

 

    	 

    	 		 

    

 

SCHEDULE
A

STOCKHOLDERS

 

	Name
    and Address	 	Type
    of Shares Held	 	Number
    of Shares Held
	 	 	 	 	 
	Holdings ENG, LLC	 	Series A Preferred	 	299
	12001 Glen Road	 	 	 	 
	Potomac, MD 20854	 	 	 	 
	 	 	 	 	 
	PositiveID Corporation	 	Series A Preferred	 	60
	1690 South Congress Avenue	 	 	 	 
	Suite 201	 	 	 	 
	Delray Beach, Florida 33445	 	 	 	 
	 	 	 	 	 
	PositiveID Corporation	 	Common	 	241
	1690 South Congress Avenue	 	 	 	 
	Suite 201	 	 	 	 
	Delray Beach, Florida 33445	 	 	 	 

 

    	 

    	 		 

    

 

SCHEDULE
I

 

    	 

    	 		 

    

│

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}]]