Document:

EXHIBIT 10.1

 

 

	$770,000.00	Dated as of December 10, 2021

 

 

PROMISSORY NOTE

 

For value received, and on
the terms and subject to the conditions set forth herein, EDGEMODE,  a corporation incorporated under the laws of the State of
Wyoming(the “Company”), hereby promises to pay FOURTH WAVE ENERGY, INC., a corporation incorporated under
the laws of the State of Nevada (the “Holder”), the aggregate principal amount of Seven Hundred Seventy Thousand
and No/100 United States Dollars (US$770,000.00) on the dates and in the amounts provided for in Section 3 hereof and, in any event, no
later than the Termination Date (as defined below).

 

Section 1. Certain
Terms Defined. The following terms for all purposes of this Promissory Note shall have the respective meanings specified below.

 

“Business Day”
shall mean any day except a Saturday, Sunday or other day on which commercial banks in New York are authorized by law to close.

 

“Company”
shall have the meaning ascribed to it in the preamble.

 

“Event of Default”
shall have the meaning ascribed to it in Section 7.

 

“Final Termination
Date” shall mean June 10, 2022 or such other later date as the Company and Holder may mutually agree in writing.

 

“Holder”
shall have the meaning ascribed to it in the preamble.

 

“Material Adverse
Effect” shall mean a material adverse effect on: (i) the legality, validity, binding effect or enforceability against the Company
of the Transaction Documents; (ii) the rights or remedies of Holder under any Transaction Document; (iii) the ability of Company to repay
the Holder in full in accordance with the terms and conditions of this Promissory Note or (iv) any litigation or breach of any term or
condition of any agreement or document which presently exists or which may hereafter exist which may threaten the ability of Company to
repay the Holder in full in accordance with the terms and conditions of this Promissory Note. For purposes of determining whether any
of the foregoing changes, effects, impairments, or other events have occurred, such determination shall be made by Holder, in its sole
and absolute discretion.

 

“Obligations”
means, now existing or in the future, any debt, liability or obligation of any nature whatsoever (including any required performance of
any covenants or agreements), whether secured, unsecured, recourse, nonrecourse, liquidated, unliquidated, accrued, voluntary or involuntary,
direct or indirect, absolute, fixed, contingent, ascertained, unascertained, known, unknown, whether or not jointly owed with others,
whether or not from time to time decreased or extinguished and later decreased, created or incurred, or obligations existing or incurred
under this this Promissory Note, or any other Transaction Documents, or any other agreement between any of the Company and the Holder,
as such obligations may be amended, supplemented, converted, extended or modified from time to time.

 

“Person”
shall mean any individual, partnership, limited liability company, limited liability partnership, corporation, trust, joint venture, joint
stock company, association, unincorporated organization, government or agency or political subdivision thereof, or other entity.

 

“Promissory Note”
shall mean this promissory note, as amended, restated or supplemented from time to time.

 

“Termination Date”
shall mean the earlier of the Final Termination Date or such date as declared by the Holder in accordance with Section 7.

 

“Transaction Documents”
shall mean this Promissory Note and such other agreements, documents, instruments, certificates, financial statements, rules, resolutions,
opinions of counsel, notes and other items which the Holder shall require in connection with this Promissory Note.

 

 

    	 	 	 

     

    

 

Section 2. Promissory
Note Consideration. This Promissory Note is being delivered in exchange for a payment of cash proceeds to the Company equal to Seven
Hundred and Seventy Thousand and No/100 United States Dollars (US$770,000.00).

 

Section 3. Interest
and Principal Payments. 

 

The principal amount of this
Promissory Note shall bear at sixteen percent (16%) per annum. Interest shall be payable on the Termination Date.

 

Section 4. Optional
Prepayments

 

The Company may prepay the
principal amount together with any interest then owing in whole or in part at any time upon five (5) Business Days’ notice to the
Holder. The amount owing and payable by the Company to the Holder on the date of any such prepayment shall be equal to 130% of the principal
amount of this Promissory Note plus any accrued and unpaid interest and other costs or expenses owing to the Holder hereunder.

 

Section 5. General
Provisions As To Payments. 

 

All cash payments hereunder
shall be made not later than 12:00 Noon (New York City time) by cashier’s check or by wire transfer of immediately available funds
to the Holder’s account at a bank in the United States specified by the Holder in writing to the Company without reduction by reason
of any set-off or counterclaim on the date when due (or if any such day is not a Business Day, then on the next succeeding Business Day).

 

Section 6 Representations
and Warranties of the Company.

 

The Company represents and
warrants to the Holder that:

 

(a)                
this Promissory Note constitutes the legal, valid and binding obligation of the Company enforceable against the Company in accordance
with its terms, except as enforcement may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium and other laws
of general application affecting enforcement of creditors’ rights generally, and (ii) laws relating to the availability of specific
performance, injunctive relief, or other equitable remedies;

 

(b)                
the Company (i) is a corporation duly organized, legally existing and in good standing under the laws of its state of organization,
(ii) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (x) own
or lease its assets and carry on its business and (y) execute, deliver and perform its obligations under the Transaction Documents, and
(iii) is duly qualified as a foreign corporation and is licensed and in good standing in all jurisdictions in which the nature of its
business or location of its properties require such qualification or license;

 

(c)                
the Company’s execution, delivery and performance of this Promissory Note and all other Transaction Documents to which it is
a party (i) has been duly authorized by all necessary corporate action of the Company, (ii) does not violate any provisions of the Company
Certificate of Incorporation or by-laws or any, law, regulation, order, injunction, judgment, decree or writ to which the Company is subject,
and (iii) does not violate any material contract or material agreement or require the consent or approval of any other Person which has
not already been obtained;

 

(d)                
the execution, delivery and performance by the Company of this Promissory Note does not and will not result in the breach of any agreement,
law or statute, or any judgment, degree or order entered into in a proceeding to which the Company is or was a party; and

 

(e)                
to the best knowledge of the Company, no other information provided by or on behalf of the Company to the Holder, either as a disclosure
schedule to this Promissory Note, or otherwise in connection with Holder’s due diligence investigation of the Company contains
any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the
light of the circumstance under which they are or were made, not misleading.

 

 

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Section 7. Events
Of Default. 

 

Each of the following events
shall constitute an “Event of Default”:

 

(a)                       
any outstanding principal of this Promissory Note shall not be paid on the Termination Date or any interest shall not be paid when
due;

 

(b)                       
Company defaults in the due and punctual observance or performance of any covenant, condition or agreement contained in this Promissory
Note;

 

(c)                       
a Material Adverse Effect shall occur;

 

(d)                       
a court shall enter a decree or order for relief in respect of Company in an involuntary case under any applicable bankruptcy, insolvency
or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or
similar official) of Company or for any substantial part of the property of Company or ordering the winding up or liquidation of the affairs
of Company;

 

(e)                       
Company shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect,
or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment or taking possession
by a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Company or for any substantial part of
the property of Company, or Company shall make any general assignment for the benefit of creditors: or

 

(f)                       
The Holder and the Company shall not have consummated a merger by March 31, 2022.

 

If an Event of Default described
in (d) or (e) above shall occur, the unpaid principal of this Promissory Note shall become immediately due and payable. Immediately upon
the occurrence of any Event of Default described in (d) or (e) above, or upon failure to pay the principal amount of this Promissory Note
on the Termination Date, the Holder, without any notice to the Company, which notice is expressly waived by the Company, may proceed to
protect, enforce, exercise and pursue any and all rights and remedies available to the Holder under this Promissory Note and any other
agreement or instrument, and any and all rights and remedies available to the Holder at law or in equity.

 

If any Event of Default described
in clauses (a) through (c) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Holder may immediately
declare all or any portion of the unpaid principal amount of this Promissory Note to be due and payable, whereupon the full unpaid amount
of this Promissory Note which shall be so declared due and payable shall be and become immediately due and payable, without further notice,
demand or presentment.

 

Upon an Event of Default,
the Holder shall be entitled to received 120% of the principal amount of this Promissory Note plus any accrued and unpaid interest and
any other fees or expenses payable hereunder.

 

Section 8. Further
Assurances.

 

The Company hereby agrees
that, from time to time upon the written request of the Holder, each will execute and deliver such further documents and do such other
acts and things as the Holder may reasonably request in order fully to effect the purposes of this Promissory Note.

 

Section 9. Powers
And Remedies Cumulative; Delay Or Omission Not Waiver Of Event Of Default. 

 

No right or remedy herein
conferred upon or reserved to the Holder is intended to be exclusive of any other right or remedy, and every right and remedy shall,
to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing
at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy.

 

No delay or omission of the
Holder to exercise any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such right
or power or shall be construed to be a waiver of any Event of Default or an acquiescence therein; and every power and remedy given by
this Promissory Note or by law may be exercised from time to time, and as often as shall be deemed expedient, by the Holder.

 

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Section 10. Transfers.

 

The Company may transfer or
assign this Promissory Note to any Person; provided, however that the Company obtains the prior written consent of the Holder.

 

Section 11. Modification.

 

This Promissory Note may be
modified only with the written consent of the Company and the Holder.

 

Section 12. Expenses.

 

The Company agrees to pay
and reimburse the Holder upon demand for all costs and expenses (including, without limitation, attorneys’ fees and expenses) that
the Holder may reasonably incur in connection with (i) the exercise or enforcement of any rights or remedies (including, but not limited
to, collection) granted hereunder or otherwise available to it (whether at law, in equity or otherwise), or (ii) the failure by Company
to perform or observe any of the provisions hereof.

 

The provisions of this Section
shall survive the execution and delivery of this Promissory Note, the repayment of any or all of the principal or interest owed pursuant
hereto, and the termination of this Promissory Note.

 

Section 13. Notices.

 

Any notice, request or other
communication to be given or made under this Promissory Note to the parties shall be in writing. Such notice, request or other communication
shall be deemed to have been duly given or made when it shall be delivered by hand, international courier (confirmed by facsimile), or
facsimile (with a hard copy delivered within two (2) Business Days) to the party to which it is required or permitted to be given or made
at such party’s address specified below or at such other address as such party shall have designated by notice to the party giving
or making such notice, request or other communication, it being understood that the failure to deliver a copy of any notice, request or
other communication to a party to whom copies are to be sent shall not affect the validity of any such notice, request or other communication
or constitute a breach of this Promissory Note.

 

	If to Company:	EDGEMODE
	 	 
	 	Attention:	Charlie Faulkner
	 	Email:	charlie@edgemode.io
	 	 	 
	 	 
	With a copy to (which shall not constitute notice):	Nason Yeager Gerson Harris & Fumero, P.A.
	 	Attention:	Brian Bernstein/Brian Pearlman
	 	Email:	bbernstein@nasonyeager.com
	 	Emai2:	Bpearlman@nasonyeager.com
	 	 
	If to the Holder:	FOURTH WAVE ENERGY, INC.
	 	75 E Santa Clara, 6th Floor,

San Jose, CA 95113
	 	Attention:	 
	 	Email:	 
	 	Telephone:	 
	 	 
	
    With a copy to (which shall not constitute notice):

     

     

     
	
     

     

    Lucosky Brookman LLP

    101 Wood Avenue South

    Woodbridge, NJ 08830

    Attention: Lawrence Metelitsa

    E-mail: lmetelitsa@lucbro.com

 

 

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Section 14. Governing
Law.

 

This Promissory Note shall
be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance
of this Promissory Note shall be governed by, the laws of the State of New York, without giving effect to provisions thereof regarding
conflict of laws. Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal courts sitting
in New York County in the State of New York for the adjudication of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any
claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient
forum or that the venue of such suit, action or proceeding is improper. Each party hereto hereby irrevocably waives personal service of
process and consents to process being served in any such suit, action or proceeding by sending by certified mail or overnight courier
a copy thereof to such party at the address indicated in the preamble hereto and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
manner permitted by law.

EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF
ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS PROMISSORY NOTE OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

Section 15. Security
Interest

 

As collateral security for the prompt payment
in full when due (whether at stated maturity, by acceleration or otherwise) of the Obligations, the Company hereby pledges and grants
to the Holder, a Lien on and security interest in and to all of the Company’s assets, including all right, title and interest in
the following properties and assets of the Holder, whether now owned by Holder or hereafter acquired and whether now existing or hereafter
coming into existence and wherever located (all being collectively referred to herein as “Collateral”) (capitalized
terms used in this Section 16 but not otherwise defined in this Promissory Note shall have the meanings ascribed to them in the Uniform
Commercial Code as in effect from time to time in the State of New York; provided, that to the extent that the Uniform Commercial Code
is used to define any term herein and such term is defined differently in different Articles or Divisions of the Uniform Commercial Code,
the definition of such term contained in Article or Division 9 shall govern):

 

(a)       all
Instruments, together with all payments thereon or thereunder;

 

(b)       all
Accounts;

 

(c)       all
Inventory;

 

(d)       all
General Intangibles (including payment intangibles (as defined in the UCC) and Software);

 

(e)       all
Equipment;

 

(f)       all
Documents;

 

(g)       all
Contracts;

 

(h)       all
Goods;

 

(i)       all
Investment Property, including without limitation all equity interests now owned or hereafter acquired by the Company;

 

(j)       all
Deposit Accounts, including, without limitation, the balance from time to time in all bank accounts maintained by the Company;

 

(k)       all
Commercial Tort Claims;

 

(l)       all
Trademarks, Patents and Copyrights;

 

 

    	 	5	 

     

    

 

(m)       all
books and records pertaining to the other Collateral;

 

(n)       all
Software; and

 

(o)       all
other tangible and intangible property and other assets of the Company, including, without limitation, all interests in real property,
Proceeds, tort claims, products, accessions, rents, profits, income, benefits, substitutions, additions and replacements of and to any
of the property of the Company described in the preceding clauses of this Section 16 (including, without limitation, any proceeds of insurance
thereon, insurance claims and all rights, claims and benefits against any Person relating thereto), other rights to payments not otherwise
included in the foregoing, and all books, correspondence, files, records, invoices and other papers, including without limitation all
tapes, cards, computer runs, computer programs, computer files and other papers, documents and records in the possession or under the
control of the Company, or any computer bureau or service company from time to time acting for the Company.

 

Section 16. Miscellaneous.

 

The parties hereto hereby
waive presentment, demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance
and enforcement of or any default under this Promissory Note, except as specifically provided herein, and assent to extensions of the
time of payment, or forbearance or other indulgence without notice. The Section headings herein are for convenience only and shall not
affect the construction hereof. Any provision of this Promissory Note which is illegal, invalid, prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such illegality, invalidity, prohibition or unenforceability without invalidating
or impairing the remaining provisions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.
This Promissory Note shall bind the Company and its permitted successors and assigns. The rights under and benefits of this Promissory
Note shall inure to the Holder and its successors and assigns.

 

Notwithstanding any provision
in this Promissory Note or the other Transaction Documents, the total liability for payments of interest and payments in the nature of
interest, including, without limitation, all charges, fees, exactions, or other sums which may at any time be deemed to be interest, shall
not exceed the limit imposed by the usury laws of the jurisdiction governing this Promissory Note or any other applicable law. In the
event the total liability of payments of interest and payments in the nature of interest, including, without limitation, all charges,
fees, exactions or other sums which may at any time be deemed to be interest, shall, for any reason whatsoever, result in an effective
rate of interest, which for any month or other interest payment period exceeds the limit imposed by the usury laws of the jurisdiction
governing this Promissory Note, all sums in excess of those lawfully collectible as interest for the period in question shall, without
further agreement or notice by, between, or to any party hereto, be applied to the reduction of the outstanding principal balance of this
Promissory Note immediately upon receipt of such sums by the Holder, with the same force and effect as though the Company had specifically
designated such excess sums to be so applied to the reduction of such outstanding principal balance and the Holder had agreed to accept
such sums as a penalty-free payment of principal; provided, however, that the Holder may, at any time and from time to time, elect, by
notice in writing to the Company, to waive, reduce, or limit the collection of any sums in excess of those lawfully collectible as interest
rather than accept such sums as a prepayment of the outstanding principal balance. It is the intention of the parties that the Company
does not intend or expect to pay nor does the Holder intend or expect to charge or collect any interest under this Promissory Note greater
than the highest non-usurious rate of interest which may be charged under applicable law.

 

 

 

 

 

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IN WITNESS WHEREOF, the Company has executed this Promissory Note as
of the date set forth above.

 

 

COMPANY:

 

 

EDGEMODE

 

 

By:  /s/ Charlie Faulkner                                        

 

Name: Charlie Faulkner 

Title: CEO

 

 

Acknowledged and Agreed:

 

 

HOLDER:

 

  

FOURTH WAVE ENERGY, INC.

 

 

By:  /s/ Joseph Isaacs                                                    

Name: Joseph Isaacs

Title: CEOEX-10.1

 Exhibit 10.1 

Execution Copy 

SHARE REPURCHASE AGREEMENT 

This Share Repurchase Agreement (this “Agreement”) is made and entered into as of December 14, 2021, by and among
Leslie’s, Inc., a Delaware corporation (the “Company”), Bubbles Investor Aggregator, L.P., a Delaware limited partnership (“Bubbles”), and Explorer Investment Pte. Ltd., a Singapore private
limited company (“Explorer” and, together with Bubbles, each a “Selling Stockholder” and collectively the “Selling Stockholders”). 

RECITALS 
 WHEREAS,
Bubbles currently owns 31,760,419 shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”), and Explorer currently owns 19,229,919 shares of Common Stock; 

WHEREAS, the Selling Stockholders propose to sell through an underwritten public offering registered with the Securities and Exchange
Commission (the “Secondary Offering”) an aggregate of up to 14,375,000 shares of Common Stock; 
 WHEREAS, the
Company and the Selling Stockholders propose to enter into a transaction (the “Repurchase Transaction”) whereby the Selling Stockholders shall sell to the Company and the Company shall purchase from the Selling Stockholders
an aggregate of 7,500,000 shares (the “Repurchase Shares”) of Common Stock at the per share of Common Stock price at which the shares of Common Stock are sold to the public in the Secondary Offering, less the underwriting
discount (the “Per Share Repurchase Price”); and 
 WHEREAS, the transactions contemplated by this Agreement were
approved by the Company’s Audit Committee of the Board of Directors. 
 NOW, THEREFORE, in consideration of the mutual covenants and
agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 
 REPURCHASE

 Section 1.01 Repurchase of Shares. On the terms and subject to the conditions set forth in this
Agreement, at the Closing (as defined below), each Selling Stockholder shall sell, transfer and deliver to the Company, free and clear of all liens, charges or encumbrances of any nature whatsoever, and the Company shall purchase from each Selling
Stockholder, all of the Selling Stockholder’s right, title and interest in and to the number Repurchase Shares set forth opposite such Selling Stockholder’s name on Exhibit A hereto, at the Per Share Repurchase Price. 

 ARTICLE II 

CLOSING 

Section 2.01 Closing. The closing of the Repurchase Transaction (the
“Closing”) shall take place via the electronic exchange of documents and signature pages immediately subsequent to the satisfaction or waiver of the conditions set forth in ARTICLE V herein (with the date upon which
such satisfaction or waiver occurs being referred to here as the “Closing Date”), or at such other time, date or place as the Selling Stockholders and the Company may agree in writing. 

Section 2.02 Closing Deliverables. At the Closing, the Selling Stockholders shall each deliver an
executed instruction letter to the Company’s transfer agent, Computershare Trust Company, N.A. (the “Transfer Agent”), along with any stock power or other documents required by the Transfer Agent, instructing the
Transfer Agent to deliver the Repurchased Shares to the Company or as may otherwise be instructed by the Company, and the Company agrees to deliver to each Selling Stockholder a dollar amount equal to the product of the Per Share Repurchase Price
and the number of Repurchase Shares sold by such Selling Stockholder as set forth on Exhibit A by wire transfer of immediately available funds. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE SELLING STOCKHOLDERS 

Each of the Selling Stockholders, several and not jointly, represents and warrants to the Company as follows: 

Section 3.01 Title to Repurchase Shares. Such Selling Stockholder has good and valid title to the Repurchase
Shares to be sold at the Closing Date by such Selling Stockholder, free and clear of all liens, encumbrances, equities or adverse claims. Such Selling Stockholder will have, immediately prior to the Closing, good and valid title to the Repurchase
Shares to be sold at the Closing Date by such Selling Stockholder, free and clear of all liens, encumbrances, equities or adverse claims. 

Section 3.02 Required Consents; Authority. Except as would not impair in any material respect the ability of
such Selling Stockholder to consummate its obligations hereunder, all consents, approvals, authorizations, orders and qualifications necessary for the execution, delivery and performance by such Selling Stockholder of this Agreement, and for the
sale and delivery of the Repurchase Shares to be sold by such Selling Stockholder hereunder, have been obtained; and such Selling Stockholder has full right, power and authority to enter into, execute and deliver this Agreement and to sell, assign,
transfer and deliver the Repurchase Shares to be sold by such Selling Stockholder hereunder; this Agreement has been duly authorized, executed and delivered by or on behalf of such Selling Stockholder. 

Section 3.03 Receipt of Information. Such Selling Stockholder has received all the information it considers
necessary or appropriate for deciding whether to consummate the Repurchase Transaction on the terms provided by this Agreement. Such Selling Stockholder has had an opportunity to ask questions of and to receive answers from, the Company concerning
the Company, the Repurchase Shares and the transactions described in this Agreement. Such Selling Stockholder has had the opportunity to discuss with its tax advisors the consequences of the transactions described in this Agreement. Such Selling
Stockholder has not received, nor is it relying on, any representations or warranties from the Company other than as provided herein, and the Company hereby disclaims any other express or implied representations or warranties with respect to itself.

  
 2 

 Section 3.04 Enforceability. Such Selling Stockholder has
duly executed and delivered this Agreement, and, assuming due execution and delivery by the Company, this Agreement constitutes the legal, valid and binding obligation of such Selling Stockholder, enforceable against such Selling Stockholder in
accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting the enforcement of creditors’ rights generally or
by equitable principles relating to enforceability. 
 Section 3.05 No Conflicts. Neither the execution nor
the delivery of this Agreement nor the consummation of the transactions contemplated hereby conflicts with or will result in any violation of any provision of such Selling Stockholder’s organizational documents or conflicts with, or will result
in any violation of or constitute a default under any term of any material agreement, mortgage, indenture, license, permit, lease, or other instrument, judgment, decree, order, law or regulation by which such Selling Stockholder is bound. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY 

The Company represents and warrants to the Selling Stockholders as follows: 

Section 4.01 Authority Relative to this Agreement. The Company has full corporate power and authority to
enter into, execute and deliver this Agreement and to perform its obligations hereunder; and this Agreement and the consummation by it of the transactions contemplated hereby has been duly authorized, executed and delivered by the Company. 

Section 4.02 Approvals. Except as would not impair in any material respect the ability of the Company to
consummate its obligations hereunder, all consents, approvals, authorizations, orders and qualifications necessary for the execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated by
this Agreement have been obtained. 
 Section 4.03 Enforceability. The Company has duly executed and
delivered this Agreement, and, assuming due execution and delivery by Seller, this Agreement constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.

 Section 4.04 No Conflicts. Neither the execution nor the delivery of this Agreement nor the consummation
of the transactions contemplated hereby conflicts with or will result in any violation of any provision of the Company’s organizational documents or conflicts with, or will result in any violation of or constitute a default under any term of
any material agreement, mortgage, indenture, license, permit, lease, or other instrument, judgment, decree, order, law or regulation by which the Company is bound. 

  
 3 

 ARTICLE V 

CONDITIONS TO CLOSING 

Section 5.01 Completion of Secondary Offering. The obligations of the Company to purchase the Repurchase
Shares at the Closing are subject to the fulfillment on or prior to the Closing of the condition that the Secondary Offering shall have been consummated in accordance with the terms and conditions of any underwriting or purchase agreement entered
into in connection therewith. 
 ARTICLE VI 

MISCELLANEOUS 

Section 6.01 Termination. This Agreement may be terminated at any time by the mutual written consent of each
of the parties hereto. Furthermore, unless such date is extended by the mutual written consent of each of the parties hereto, this Agreement shall automatically terminate and be of no further force and effect in the event that the conditions in
Section 5.01 of this Agreement have not been satisfied within ten (10) days after the date hereof. 

Section 6.02 Savings Clause. No provision of this Agreement shall be construed to require any party or
its affiliates to take any action that would violate any applicable law (whether statutory or common), rule or regulation. 

Section 6.03 Amendment and Waiver. This Agreement may not be amended except by an instrument in writing
signed on behalf of each of the parties hereto. Any party may waive in whole or in part any benefit or right provided to it under this Agreement, such waiver being effective only if set forth in a writing executed by such party. No course of dealing
between or among any persons having any interest in this Agreement will be deemed effective to modify, amend or discharge any part of this Agreement or any rights or obligations of any party under or by reason of this Agreement. The failure of any
party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its
terms. 
 Section 6.04 Severability. If any provision of this Agreement shall be declared by any court of
competent jurisdiction to be illegal, void or unenforceable, all other provisions of this Agreement shall not be affected and shall remain in full force and effect. 

  
 4 

 Section 6.05 Entire Agreement. Except as otherwise
expressly set forth herein, this Agreement, together with the agreements and other documents and instruments referred to herein or therein or annexed hereto and executed contemporaneously herewith, embody the complete agreement and understanding
among the parties hereto with respect to the subject matter hereof and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral, that may have related to the subject matter hereof in any
way. 
 Section 6.06 Successors and Assigns. Neither this Agreement nor any of the rights or obligations of
any party under this Agreement shall be assigned, in whole or in part by any party without the prior written consent of the other parties. 

Section 6.07 No Third-Party Beneficiaries. No person other than the parties hereto shall have any rights or
benefits under this Agreement, and nothing in this Agreement is intended to, or will, confer on any person other than the parties hereto any rights, benefits or remedies. 

Section 6.08 No Broker. Except as previously disclosed to each other party in writing, no party has engaged
any third party as broker or finder or incurred or become obligated to pay any broker’s commission or finder’s fee in connection with the Repurchase Transaction. 

Section 6.09 Counterparts. This Agreement may be executed in separate counterparts each of which shall be an
original and all of which taken together shall constitute one and the same agreement. 
 Section 6.10
Notices. All notices and other communications to any party hereunder shall be in writing (including facsimile transmission and e-mail transmission, so long as a receipt of such e-mail is requested and received) and shall be given, 
  

			
	 If to the Selling

Stockholders:
	  	 Bubbles Investor Aggregator, L.P.
 c/o C8
Management, LLC
 599 West Putnam Avenue
 Greenwich, CT
06839
 Facsimile: (203) 629-4903

Attn: Scott Dahnke
 Marc Magliacano

Matt Lischick
 Email: scott@catterton.com

marcm@catterton.com
 Matt.Lischick@lcatterton.com

Facsimile: (203) 629-4903
  

Explorer Investment Pte Ltd.
 c/o GIC Special Investments
Pte Ltd
 280 Park Ave, 9th Floor
 New York, New York 10017

Attn: Tiffany Hsueh
 Email:
tiffanyhsueh@gic.com.sg

  
 5 

			
	If to the Company:	  	Leslie’s, Inc. 
2005 East Indian School Road 
Phoenix, Arizona 85016 
Attn: Steve Weddell 
Brad Gazaway 
Email: sweddell@lesl.com 
bgazaway@lesl.com 
Facsimile: (602) 366-3944

 Section 6.11 Governing Law. This Agreement and any claim, controversy or
dispute arising under or related to this Agreement shall be governed by and construed in accordance with the laws of the State of Delaware applicable to agreements made and to be performed in such state. 

Section 6.12 Interpretation. The headings contained in this Agreement are for reference purposes only and
shall not affect in any way the meaning or interpretation of this Agreement. The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole
and not to any particular provision of this Agreement, and Article and Section references are to this Agreement unless otherwise specified. The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms
of such terms. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” “Business Day” means any day
that is not a Saturday, Sunday or other day on which banks are required or authorized by law to be closed in New York, New York. 

[SIGNATURE PAGE FOLLOWS] 

  
 6 

 Execution Copy 

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

			
	LESLIE’S, INC.
		
	By:	 	 /s/ Steven Weddell

	Name:	 	Steven Weddell
	Title:	 	 Executive Vice President & Chief

Financial Officer

	
	BUBBLES INVESTOR AGGREGATOR, L.P.
	
	By: C8 Management, L.L.C.
	
	Its: General Partner
		
	By:	 	 /s/ Marc Magliacano

	Name:	 	Marc Magliacano
	Title:	 	Authorized Signatory
	
	EXPLORER INVESTMENT PTE LTD
		
	By:	 	 /s/ Heidi Miskin

	Name:	 	Heidi Miskin
	Title:	 	Authorized Signatory

 EXHIBIT A 
  

					
	 Selling Stockholder
	  	Repurchase Shares	 
	 Bubbles Investor Aggregator, L.P.
	  	 	4,671,535	 
	 Explorer Investment Pte. Ltd.
	  	 	2,828,465

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