Document:

Exhibit 10.1

 

Membership
Interest Purchase Agreement

 

This
Membership Interest Purchase Agreement (this “Agreement”) is entered into as of October 16th, 2017
(the “Effective Date”), by and among Mobile Science Technologies, Inc. a Georgia corporation (“Buyer”
or “Purchaser”), Meridian Waste Solutions, Inc., a New York corporation (“Parent”), Jeffrey S. Powell,
a resident of South Carolina (“Powell”), and Corral Court Capital LLC, a Georgia limited liability company (“Corral”
and, together with Powell, the “Sellers” and each individually sometimes a “Seller”). Buyer, Parent
and the Sellers are referred to collectively herein as the “Parties” and each a “Party.”

 

BACKGROUND
FACTS

 

Sellers
own all legal and beneficial right, title and interest in and to all of the issued and outstanding membership interests of DxT
Medical, LLC, a South Carolina limited liability company (the Company”).

 

The
Company owns and operates a national healthcare distribution business focused on providing diagnostic and therapeutic solutions
for patients and health care providers (the “Business”).

 

Buyer
desires to purchase and acquire from Sellers all of the issued and outstanding membership interests of the Company, and Sellers
desire to sell all of the issued and outstanding membership interests of the Company to Buyer, all in accordance with the terms
and conditions set forth in this Agreement.

 

The
Parent, as the majority shareholder of Buyer, will be materially benefitted by Buyer performing its obligations hereunder, and
as such has agreed to be bound by certain provisions of this Agreement.

 

RECITAL
OF CONSIDERATION

 

Now,
therefore, in consideration of the premises and the mutual covenants and agreements contained herein, the receipt and sufficiency
of which is hereby acknowledged, the Parties, intending to be legally bound, agree as follows:

 

Section
1

DEFINITIONS AND USAGE

 

1.1       Definitions.
For purposes of this Agreement, except as otherwise expressly provided herein or unless the context otherwise requires, initially
capitalized terms used in this Agreement have the meanings set forth in Schedule 1.1.

 

1.2       Interpretation
and Usage. In this Agreement, unless a clear contrary intention appears: (a) the singular number includes the plural number
and vice versa; (b) reference to any Person includes such Person’s successors and assigns but, if applicable, only if such
successors and assigns are not prohibited by this Agreement, and reference to a Person in a particular capacity excludes such
Person in any other capacity or individually; (c) reference to any gender includes the other gender and the neuter, as applicable;
(d) reference to any agreement, document or instrument means such agreement, document or instrument as amended or modified and
in effect from time to time in accordance with the terms thereof; (e) reference to any Legal Requirement means such Legal Requirement
as amended, modified, codified, replaced or reenacted, in whole or in part, and in effect from time to time, including rules and
regulations promulgated thereunder, and reference to any section or other provision of any Legal Requirement means that provision
of such Legal Requirement from time to time in effect and constituting the substantive amendment, modification, codification,
replacement or reenactment of such section or other provision; (f) “hereunder,” “hereof,” “hereto,”
and words of similar import will be deemed references to this Agreement as a whole and not to any particular Section or other
provision hereof or any Exhibit or Schedule attached hereto; (g) “including” (and with correlative meaning “include”
and “includes”) means including, without limiting the generality of any description preceding such term, and will
be deemed to be followed by the words “without limitation”; (h) Section headings are provided for convenience of reference
only and will not affect the construction or interpretation of any provision hereof; (i) any references to “Section”,
“Schedule” or “Exhibit” followed by a number or letter or combination of the two refers to the corresponding
Section, Schedule or Exhibit of or to this Agreement; (j) with respect to the determination of any period of time, “from”
means “from and including” and “to” means “to but excluding”; and (k) references to documents,
instruments or agreements will be deemed to refer as well to all addenda, exhibits, schedules or amendments thereto.

 

    

     

    

 

1.3       Legal
Representation of the Parties. This Agreement was negotiated by the Parties with the benefit of legal representation, and
any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted against any Party
will not apply to any construction or interpretation hereof.

 

1.4       Incorporation
by Reference. The Parties agree that the Background Facts set forth above are true and correct and are hereby incorporated
herein by this reference.

 

Section
2

PURCHASE OF THE MEMBERSHIP INTERESTS FROM THE SELLERS

 

2.1       Purchase
and Sale of Membership Interests. On and subject to the terms and conditions of this Agreement, Buyer agrees to purchase from
Sellers, and Sellers agree to sell to Buyer, all of the membership interests in the Company, free and clear of all Liens (the
“Membership Interests”), for the consideration specified in Section 2.2.

 

2.2       Consideration.
For and in consideration of the sale, assignment, transfer and conveyance of the Membership Interests by Sellers, at the election
of the Sellers, in their sole discretion, Buyer will either (i) issue to the Sellers Three Hundred Fifty Thousand (350,000) shares
of Parent’s restricted common stock, par value $0.025 per share (the “Purchase Price Shares”); or (ii) pay to
the Sellers in cash Four Hundred Sixty Two Thousand and no/100ths Dollars ($462,000.00) (the “Deemed Aggregate Value”).
Such election by the Sellers will be delivered to the Buyer in writing at the Closing. If issued, the Purchase Price Shares will
have a deemed value of $1.32 per share (the “Deemed Value Per Share”), and the Purchase Price Shares shall
be allocated and issued as follows: Three Hundred Thousand (300,000) Purchase Price Shares to Powell and Fifty Thousand (50,000)
Purchase Price Shares to Corral. If the Sellers elect for such consideration to be paid in the form of cash, such payment will
be delivered not later than one hundred eighty (180) days from the Closing Date, and Three Hundred Ninety-six Thousand Dollars
($396,000) will be paid to Powell and Sixty-six Thousand Dollars ($66,000) will be paid to Corral.

 

2.3       Closing
Date. Unless Buyer and Sellers otherwise agree, the purchase and sale of the Membership Interests will take place by facsimile
transmission or by electronic mail in PDF format of all required documents (with the original executed documents to be delivered
by overnight courier) to the offices of Richard J. Dreger, located at 11660 Alpharetta Highway, Building 700, Suite 730, Roswell,
Georgia 30076, and will occur within at least five Business Days after satisfaction of the required conditions as set forth in
this Agreement (“Closing Date” or “Closing”). At Closing, all of Sellers’ right, title
and interest in and to the Membership Interests and in any such right, title or interest that Sellers may have or had with respect
to the Business will be transferred and conveyed to Buyer free and clear of all Liens.

 

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2.4       Payment
of Current Liabilities; Retained Liabilities.

 

(a)       Schedule
2.4 (to be updated immediately prior to Closing) lists, in each case to the extent applicable: (i) the amount of
the aggregate Indebtedness of the Company outstanding on the Closing Date all of which is to be paid at the Closing together with
all prepayment penalties and costs incurred or to be incurred in connection with the repayment of any such Indebtedness; (ii)
the aggregate amount of all undischarged judgments against the Company; (iii) the aggregate amount of all obligations secured
by Tax liens against the Company, (iv) the total of the aggregate mortgage debt secured by, and the judgment liens encumbering,
and the federal Tax liens filed against, any of the Assets, including the Properties, (v) the amount of any and all Liabilities
or obligations of the Company pursuant to any employment Contract, severance agreement or Contract, any bonus program or plan,
all Employee Benefit Plans and all other employee benefit plans and other employee benefits, and any Liability relating to payroll,
vacation, sick leave, workers’ compensation, unemployment benefits, pension benefits, employee stock option or profit-sharing
plans, health care plans or benefits or any other employee plans or benefits of any kind for the current or former employees of
the Company; (vi) any Liability arising out of or relating to services performed by the Company in connection with the Business
before the Closing Date; (vii) any Liability under the Company Contract that arises after the Closing Date out of or relating
to any Breach or other action that occurred before the Closing Date; (viii) any Liability under any Excluded Contract; (ix) any
Liability for Taxes including (A) any Taxes relating to or arising as a result of the operation of the Business prior to the Closing
Date, (B) any Taxes that will arise as a result of the sale of the Membership Interests pursuant to this Agreement and (C) any
deferred Taxes of any nature; (x) any Environmental, Health and Safety Liability arising out of or relating to the operation of
the Business and the operation and occupation of the Properties or the leasing, ownership or operation of any Asset; (xi) (A)
any Liability under any employment, severance, retention or termination agreement with any employee of the Company, (B) any Liability
arising out of or relating to any employee grievance whether or not the affected employees are hired by Buyer; and (C) any Liability
to indemnify, reimburse or advance amounts to any officer, director, member, manager, employee or agent of the Company; (xii)
any Liability arising out of any Proceeding or Current Litigation with respect to the Company, the Business or the Assets, (xiii)
any Liability arising out of or resulting from either Sellers’ or the Company’ compliance or noncompliance with any
Legal Requirement or Order of any Governmental Body; (xiv) any Liability of Sellers under this Agreement or any other document
executed in connection with the Contemplated Transactions; (xv) any known. Accrued Liability of the Company based upon Sellers’
acts or omissions, or the Company’ acts or omissions occurring prior to the Closing Date; (subsections (i)-(xvi), collectively
“Current Seller Liabilities” and each a “Current Seller Liability”). Schedule 2.4,
when delivered and updated at Closing by the Parties, will include wire transfer instructions for creditors holding Indebtedness,
any Current Seller Liabilities, and any other Seller Liabilities, and attached to Schedule 2.4 will be pay-off letters
or instructions from such creditors in the form acceptable to Buyer, except that accrued Company payroll obligations in respect
of base salaries with respect to the period from and after September 5, 2017 (“Accrued Payroll”) shall not be deemed
to be a Current Seller Liability, shall not be paid by the Sellers at Closing and shall remain an obligation of the Company.

 

(b)       On
or prior to the Closing, Sellers will pay all Current Seller Liabilities not previously discharged by Sellers. Following the Closing,
Sellers will promptly obtain a release and discharge of all Indebtedness and all Current Seller Liabilities and will file all
applicable lien discharges and releases from such creditors and deliver copies of such filings to Buyer. In addition, at Closing,
Sellers shall also pay (other than Accrued Payroll): (ii) all Indebtedness and Liabilities of every kind or nature of the Company,
including Current Litigation Matters, as of the Closing; (iii) all Liabilities, costs, fees and expenses associated with, resulting
from or associated with any Proceeding or other litigation matter of the Company pending or threatened as of the Closing; and
(iv) all Indebtedness and Liabilities of every kind or nature of the Company as of the Closing not disclosed on Schedule
2.4; (collectively, subsections (i) – (iv) and the Current Seller Liabilities, the “Retained Liabilities”).
All such Retained Liabilities shall remain the exclusive responsibility of Seller and will be assigned to, retained, paid, performed
and discharged exclusively by Sellers and will not be retained by the Company nor assumed or acquired by, or conveyed or transferred
to, Buyer or any Related Person of Buyer. Sellers shall at all times indemnify, defend and hold Buyer and any Related Person of
Buyer and the Company harmless from and against any claim or liability arising from the Retained Liabilities and Current Seller
Liabilities.

 

2.5       Closing
Obligations.

 

(a)       Deliveries
by Sellers. At the Closing, Sellers will deliver to Buyer: (i) the various certificates, instruments, and documents referred
to in Section 6.1; and (ii) certificates representing all of the issued and outstanding Membership Interests of the Company,
endorsed in blank or accompanied by duly executed assignment documents in form and substance approved by Buyer.

 

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(b)       Deliveries
by Buyer. At the Closing, Buyer will deliver to Sellers: (i) the various certificates, instruments, and documents referred
to in Section 6.2; and (ii) the applicable consideration specified in Section 2.2.

 

2.6       Intentionally
Omitted.

 

2.7       Closing
Costs; Expenses.

 

(a)       Sellers
agrees to pay all documentary stamp tax or other transfer taxes relating to the transfer of the Membership Interests to Buyer.
Sellers shall be solely responsible for all State or Federal income Taxes or similar Taxes imposed on Sellers as a result of the
Contemplated Transactions. Sellers acknowledge and agree that neither the Buyer nor the Company shall have a duty or obligation
to pay any Taxes attributable to Sellers as a result of the purchase and sale of the Membership Interests.

 

(b)       Each
Party shall be solely responsible for any legal or accounting fees, brokerage or finders’ fees or agents’ commissions
or other similar payments incurred by or agreed to by such Party in connection with the execution and delivery of this Agreement
or the completion of the Contemplated Transactions.

 

Section
3

REPRESENTATIONS AND WARRANTIES CONCERNING

PURCHASE AND SALE OF THE MEMBERSHIP INTERESTS OF THE COMPANY

 

3.1       Representations
and Warranties of Sellers. In order to induce Buyer to enter into this Agreement and consummate the Contemplated Transactions,
each Seller represents and warrants to Buyer as follows (except otherwise disclosed on the Schedules) as follows with respect
to such Seller:

 

(a)       Authorization
of Transaction. Such Seller has all right, power and capacity to execute and deliver this Agreement, and all other agreements,
documents and written instruments to be executed by such Seller in connection with the Contemplated Transactions, and to perform
his obligations under this Agreement and all such other agreements, documents and written instruments.

 

(b)       No
Conflict with Restrictions; No Default. Neither the execution, delivery, and performance of this Agreement nor such Seller’s
performance of and compliance with the terms and provisions contemplated hereby (i) will conflict with, violate, or result in
a Breach of any of the terms, covenants, conditions, or provisions of any Legal Requirements in effect on the date hereof applicable
to, or any Order, Consent or Governmental Authorization of any Governmental Body directed to, or binding on such Seller, (ii)
will conflict with, violate, result in a Breach of, or constitute a default under any of the terms, conditions, or provisions
of any agreement or instrument to which, such Seller is a party or by which such Seller is or may be bound or to which any of
their properties or assets is subject, (iii) will conflict with, violate, result in a Breach of, constitute a default under (whether
with notice or lapse of time or both), accelerate or permit the acceleration of the performance required by, give to others any
material interests or rights, or require any Consent under any indenture, mortgage, lease agreement, or instrument to which such
Seller is a party or by which such Seller or such Seller’s property or assets is or may be bound, or (iv) will result in
the creation or imposition of any Lien upon any of the Properties or Assets of the Company, or upon the Membership Interests,
or cause Buyer (or any Related Person thereof) or the Company to become subject to, or to become liable for the payment of, any
Tax.

 

(c)       Consents;
Governmental Authorizations. Except as set forth on Schedule 3.1(c), such Seller is not required to give any
notice to, or obtain any Consent from, any Person in connection with the execution and delivery of this Agreement or the consummation
of any of the Contemplated Transactions. Any registration, declaration, or filing with, or Consent, or Governmental Authorization
or Order by any Governmental Body that is required in connection with the valid execution, delivery, acceptance, and performance
by such Seller under this Agreement or the consummation by such Seller of any transaction contemplated hereby has been completed,
made, or obtained on or before the Closing Date.

 

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(d)       Litigation.
Except as set forth in Schedule 3.1(d), there are no Proceedings pending or, to the Knowledge of such Seller, threatened
against or affecting such Seller or any of their properties, assets, rights, or Business in any court or before or by any Governmental
Body that could, if adversely determined (or, in the case of an investigation, could lead to any Proceeding that could, if adversely
determined), reasonably be expected to materially impair such Seller’s ability to perform their obligations under this Agreement
or to have a Material Adverse Effect on the Company; and such Seller has not received any currently effective notice of any default;
and such Seller is not in default, under any applicable Order of any Governmental Body that could reasonably be expected to impair
such Seller’s ability to perform its obligations under this Agreement or to have a Material Adverse Effect on the Company.

 

(e)       Brokers’
Fees. Except as set forth on Schedule 3.1(e), such Seller has no Liability or obligation to pay any fees or
commissions to any broker, finder, or agent with respect to the Contemplated Transactions.

 

(f)       Membership
Interests. As of the Closing Date, such Seller holds and will hold of record and own and will own beneficially all of the
issued and outstanding Membership Interests of the Company as described in Section 4.2, free and clear of any restrictions
on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Liens, options, warrants,
purchase rights, contracts, commitments, equities, claims, and demands. Such Seller is not a party to any option, warrant, purchase
right, or other Contract or commitment that could require such Seller to sell, transfer, or otherwise dispose of any Membership
Interests or other equity interests of the Company (other than this Agreement). Such Seller is not a party to any voting trust,
proxy, or other agreement or understanding with respect to the voting of any Membership Interests of the Company. At Closing,
upon payment of the Purchase Price as herein provided pursuant to Section 2.2, good and valid title to such Seller’s
Membership Interests described in Section 4.2 will pass to Buyer, free and clear of all Liens, restrictions on transfer
(other than any restrictions under the Securities Act and state securities laws), Taxes, options, warrants, purchase rights, contracts,
commitments, equities, claims, and demands. Such Seller’s Membership Interest is not certificated.

 

(g)       Valid
Offering. Assuming the accuracy of the representations and warranties of Buyer set forth in Section 3.2(g), the offer,
sale, and issuance of the Membership Interests of the Company as contemplated herein will be exempt from the registration requirements
of the Securities Act, and will be exempt from registration and qualification under the registration or qualification requirements
of all applicable state securities laws. Such Seller has not taken and will not take any action that would cause the loss of any
such exemption. Assuming the accuracy of the representations and warranties of Buyer set forth in Section 3.2(g), the offer,
sale, exchange, and issuance of the Membership Interests of the Company as contemplated herein will comply with all applicable
Legal Requirements.

 

(h)       Investment
Intent. Such Seller is acquiring the Purchase Price Shares for their own account with the present intention of holding such
securities for purposes of investment, and that they each have no intention of distributing such Purchase Price Shares or selling,
transferring or otherwise disposing of such Purchase Price Shares in a public distribution, in any of such instances, in violation
of the federal securities laws of the United States of America.

 

(i)       Resale
Limitations. Such Seller is fully aware of the restrictions on sale, transferability and assignment of the Purchase Price
Shares, and that he must bear the economic risk of retaining ownership of such securities for an indefinite period of time. Such
Seller is aware that (a) the Purchase Price Shares will not be registered under the Securities Act; and (b) because the issuance
of the Purchase Price Shares has not been registered under the Securities Act, an investment in the Purchase Price Shares cannot
be readily liquidated if the holder desires to do so, but rather may be required to be held indefinitely.

 

(j)       Information
on Sellers. Such Seller and is an “accredited investor,” as such term is defined in Regulation D promulgated under
the Securities Act, or is otherwise experienced in investments and business matters, has made investments of a speculative nature
and has such knowledge and experience in financial, tax and other business matters as to enable it or him to evaluate the merits
and risks of, and to make an informed investment decision with respect to, this Agreement. Such Seller understands that his or
its acquisition of the Purchase Price Shares is a speculative investment, and such Seller represents that it or he or it is able
to bear the risk of such investment for an indefinite period, and can afford a complete loss thereof.

 

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(k)       Powell
is a resident of the State of South Carolina.

 

(l)       Corral
is a Georgia limited liability company and is authorized to do business only in the State of Georgia.

 

3.2       Representations
and Warranties of Buyer. Buyer and Parent represent and warrant to Sellers that the statements contained in this Section
3.2 are correct and complete (except otherwise disclosed on the Schedules):

 

(a)       Organization
of Buyer. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Georgia.
Buyer is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification
is required. Parent is a corporation duly organized, validly existing, and in good standing under the laws of the State of New
York. Parent is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification
is required.

 

(b)       Authorization
of Transaction. Each of Parent and Buyer has full power and authority to execute and deliver this Agreement, and all other
agreements and written instruments to which Parent or Buyer, as applicable, is a party as contemplated hereby, and to perform
its obligations hereunder and thereunder. This Agreement, and such other agreements and written instruments, constitutes the valid
and legally binding obligation of Parent or Buyer, as applicable, enforceable in accordance with its terms and conditions, except
as enforcement thereof may be limited by applicable Insolvency Laws. The execution, delivery, and performance of this Agreement
and all other agreements contemplated hereby have been duly authorized by Parent and Buyer. Each of Parent and Buyer has all right,
power and capacity to execute and deliver this Agreement, and all other agreements, documents and written instruments to be executed
by Parent or Buyer, as applicable, in connection with the Contemplated Transactions, and to perform its obligations under this
Agreement and all such other agreements, documents and written instruments.

 

(c)       Notices
and Consents. Except as set forth on Schedule 3.2(c), Parent and Buyer are not required to give any notice to,
or obtain any Consent from, any Person in connection with the execution and delivery of this Agreement or the consummation of
any of the Contemplated Transactions.

 

(d)       Litigation.
There are no Proceedings pending or, to the Knowledge of Parent or Buyer, threatened against or affecting Parent or Buyer or any
of its properties, assets, rights, or Business in any court or before or by any Governmental Body that could, if adversely determined
(or, in the case of an investigation, could lead to any Proceeding that could, if adversely determined), reasonably be expected
to materially impair Parent or Buyer’s ability to perform its obligations under this Agreement; and Parent and Buyer have
not received any currently effective notice of any default; and Parent and Buyer are not in default, under any applicable Order
of any Governmental Body that could reasonably be expected to impair Parent or Buyer’s ability to perform its obligations
under this Agreement.

 

(e)       Brokers’
Fees. Parent and Buyer have no Liability or obligation to pay any fees or commissions to any broker, finder, or agent with
respect to the Contemplated Transactions.

 

(f)       Purchase
for Investment. Parent and Buyer are acquiring the Membership Interests for investment and not with a view to distributing
all or any part thereof in any transaction which would constitute a “distribution” within the meaning of the Securities
Act. Parent and Buyer acknowledge that the Membership Interests have not been registered under the Securities Act.

 

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(g)       Investor
Qualifications. Parent and Buyer: (i) have such knowledge and experience in financial and business matters that it is capable
of evaluating the merits and risks of its investment in the Membership Interests; (ii) are able to bear the complete loss of their
investment in the Membership Interests; (iii) have had the opportunity to ask questions of the Sellers and each of the Company
and their management concerning the terms and conditions of the Membership Interests, the business of each of the Company, the
Company’ ownership and use of their respective assets, estimates and judgments utilized and relied upon by the Company in
preparing their financial statements; (iv) has had the opportunity to obtain additional information about each of the Company
and its business and all of Parent’s and Buyer’s questions have been answered to its satisfaction; and (v) are otherwise
“accredited investors” as such term is defined in Rule 501 promulgated under the Securities Act.

 

3.3       Representation
and Warranty Specific to Powell. In order to induce Buyer to enter into this Agreement and consummate the Contemplated Transactions,
Powell represents and warrants to Buyer that no claims are alleged or could be alleged in that certain lawsuit styled EM1 Labs,
LLC v. Relay Medical, LLC; Relay Capital, LLC; Individualized Treatment Technology Laboratories, LLC; Endeavor Global Partners
(HK), LTD.; Jeffrey Powell; Allison Powell; Robert M. Dunn; & Sheree Moore; pending in The Circuit Court of the Seventeenth
Judicial Circuit In and For Broward County, Florida, Civil Division, Case Number CACE17009641, which, if successful, would in
any way impair his ability to perform his obligations to the Company pursuant to the employment contract to entered into by him
and the Company as set forth in Article 6.1(p)(i) hereof.

 

SECTION
4

 

REPRESENTATIONS
AND WARRANTIES CONCERNING THE COMPANY

  

Sellers
represents and warrants to Buyer that the statements contained in this Section 4 are
true, correct and complete as of the Effective Date and as of the Closing Date, except as set forth in the disclosure schedule
delivered by Sellers to Buyer on the date hereof (the “Disclosure Schedule”). Nothing in the Disclosure Schedule
shall be deemed adequate to disclose an exception to a representation or warranty made herein, however, unless a person reading
the Disclosure Schedule would reasonably conclude that such item constitutes an exception to a particular representation or warranty.
The Disclosure Schedule will be arranged in paragraphs corresponding to the lettered and numbered paragraphs contained in this
Section 4.

 

4.1       Organization,
Qualification, and Power. The Company is a limited liability company duly organized, validly existing, and in good standing
under the laws of the State of South Carolina. The Company is duly authorized to conduct business and is in good standing under
the laws of each jurisdiction where such qualification is required. The Company has full power and authority and all licenses,
Consents, Permits, Approvals, and authorizations necessary to carry on the Business in which the Company is engaged and to own
and use the Property owned and used by each Company. Schedule 4.1 lists the members, managers, directors and officers
of the Company. Seller has delivered to Buyer correct and complete copies of the Organizational Documents of the Company (as amended
to date). Seller has delivered to Buyer the minute books (containing the records of any meetings of the members), the membership
unit or interest certificate books, and the membership units or interests record books of the Company all of which are correct
and complete. The Company is not in default under or in violation of any provision of its Organizational Documents.

 

4.2       Capitalization.
(i) One Hundred Percent (100%) membership interests of the Company are issued and outstanding, with 85.7143% held by Powell and
14.2857% held by Corral. All of the issued and outstanding Membership Interests of the Company have been duly authorized, are
validly issued, fully paid, and nonassessable. The Membership Interests of the Company are held of record by the Sellers free
and clean of any restriction on transfer, Taxes, Liens, options, warrants, purchase rights, contracts, commitments, equities,
claims and demands (except restrictions under the Securities Act and state securities laws). Except as set forth on Schedule
4.2, no other Person has any right, title or interest in or to the Membership Interests or any other equity interest of
the Company. There are no outstanding or authorized options, warrants, purchase rights, subscription rights, conversion rights,
exchange rights, or other contracts or commitments that could require any of the Company to issue, sell, or otherwise cause to
become outstanding any of its membership interests or any other equity interest or other security. There are no outstanding or
authorized appreciation, phantom stock, profit participation, or similar rights with respect to the Company. There are no voting
trusts, proxies, or other agreements or understandings with respect to the voting of the Membership Interests or units of the
Company. Schedule 4.2 contains and complete and accurate capitalization of the Company and the respective ownership
of the Membership Interests by the Sellers. The Seller is the sole member of the Company.

 

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4.3       No
Conflict; Consents.

 

(a)       Except
as set forth on Schedule 4.3(a), neither the execution and delivery of this Agreement by Sellers, nor the consummation
or performance of any of the Contemplated Transactions will, directly or indirectly (with or without notice or lapse of time):
(i) Breach or otherwise conflict with any provision of the Organizational Documents of the Company, or contravene any resolution
adopted by the officers, managers, or members of the Company; (ii) Breach or otherwise conflict with any Legal Requirement or
Order to which the Company may be subject or give any Governmental Body or other Person the right to challenge the Contemplated
Transactions or to exercise any remedy or obtain any relief under any Legal Requirement or any Order to which the Company may
be subject; (iii) Breach or otherwise conflict with or result in a violation or Breach of any of the terms or requirements of,
or give any Governmental Body the right to revoke, withdraw, suspend, cancel, terminate or modify, any Governmental Authorization
that is held or being applied for by or on behalf of the Company or that otherwise relates to the Company or their Assets, Properties
or the Business of the Company; (iv) cause Buyer (or any Related Person thereof) to become subject to, or to become liable for
the payment of, any Tax; (v) Breach or otherwise conflict with any provision of, or give any Person the right to declare a default
or exercise any remedy under, or to accelerate the maturity or performance of, or payment under, or to cancel, terminate or modify,
any contract or agreement to which the Company is a party or by which the Company is bound; or (vi) result in the imposition or
creation of any Lien on any of the Company’ Business, or Assets, including the Properties.

 

(b)       Except
as set forth on Schedule 4.3(b), the Company is not required to give any notice to, or obtain any Consent from,
any Person in connection with the execution and delivery of this Agreement or the consummation of any of the Contemplated Transactions,
including any Consent required in order to preserve and maintain all Governmental Authorizations required for the ownership and
continued operation of the Business of the Company either before or after Closing and the consummation of the Contemplated Transactions.
Any registration, declaration, or filing with, or Consent, or Governmental Authorization or Order by, any Governmental Body with
respect to the Company that is required in connection with the consummation of the Contemplated Transactions has been completed,
made, or obtained on or before the Closing Date.

 

4.4       Brokers’
Fees. The Company has no Liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect
to the Contemplated Transactions.

 

4.5       Books
and Records. The books of and records of the Company as well as all books of account, financial statements and other financial
records of each of the Company, all of which have been made available to Buyer, are complete and correct and represent actual,
bona fide transactions and have been maintained in accordance with sound business practices and GAAP.

 

4.6       Title
to Assets. The Company has good and marketable title to all of the Assets, free and clear of all Liens. The Assets are not
leased and no Seller has otherwise granted to any Person the right to use, operate or own the Assets or any portion thereof. There
are no outstanding options, rights of first offer or rights of first refusal to purchase any of Assets, or any portion thereof,
or interest therein. The Assets of the Company constitute all the Assets, tangible and intangible, of any nature whatsoever, necessary
to operate the Business in the manner presently operated by the Company and include all of the operating assets of the Company.

 

4.7       Description
of Assets. The assets of the Company constitute only (a) the Properties (b) the Company Contracts, (c) the Permits,
Approvals, Consents, Governmental Authorizations, licenses and other permits and approvals obtained to date by the Sellers or
that will be obtained by Sellers prior to Closing to conduct the Business of the Company, including all right, title and interest
thereto, as set forth on Schedule 4.7(c), (d) all data, documentation, books and records related to the Company
or Business, including research and engineering reports and drawings, permit records, title reports and policies, surveys relating
to the Properties, correspondence and all other similar documents and records, including all right, title and interest thereto,
as set forth on Schedule 4.7(d), (e) all Intangible Personal Property, (f) the Tangible Personal Property listed
on Schedule 4.7(f), and (g) the Intellectual Property Assets (collectively, the “Assets”). Complete
and correct copies of all the documentation related to the Assets have been provided to Buyer. The Company owns no other assets.

 

    -8-

     

    

 

4.8       Condition
of Tangible Personal Property. Except as disclosed on Schedule 4.8, (a) each item of Tangible Personal Property
(including motor vehicles, scales, compactors, and bailers and all Tangible Personal Property set forth on Schedule 4.7(f))
is in good repair and good operating condition, ordinary wear and tear excepted, is suitable for immediate use in the Ordinary
Course of Business, is free from latent and patent defects and is being operated and maintained in all material respects in accordance
with industry standards and prescribed operating instructions (if any) necessary to ensure the effectiveness of equipment warranties
and/or service plans, and (b) no item of Tangible Personal Property is in need of repair or replacement other than as part of
routine maintenance in the Ordinary Course of Business. All Tangible Personal Property owned or leased by the Company is and will
be as of Closing in the possession of the Company.

 

4.9       Subsidiaries.
The Company does not own and has no right to acquire, directly or indirectly, any outstanding capital stock of, or other equity
interests in, any Person.

 

4.10       No
Adverse Change. Since the formation of the Company, there has not been any Material Adverse Change in the Business,
operations, prospects, Assets, results of operations or condition (financial or other) of the Company, and, to the Knowledge of
Sellers, no event has occurred or circumstance exists that may result in such a Material Adverse Change. Neither Sellers nor the
Company has received any notice or other communication (written or oral) from any Governmental Body or any other Person regarding
the ability of the Company own or operate the Business or the Assets, or the intention of any Governmental Body to challenge or
oppose the Buyer’s ownership or operation of the Business or the Assets. No action has been taken by the Sellers, the Company
or any other officer, director, manager, or member that would have a Material Adverse Effect on the Company or the Contemplated
Transactions or the Business, and the Company has conducted the Business only in the Ordinary Course of Business. Without limiting
the generality of the foregoing, since May 1, 2017:

 

(a)       The
Company has not sold, leased, transferred, or assigned any of its Assets, tangible or intangible;

 

(b)       except
for the Company Contracts and except as set forth on Schedule 4.10(b), the Company has not entered into any agreement,
Contract, lease, or license (or series of related agreements, contracts, leases, and licenses) outside the Ordinary Course of
Business;

 

(c)       except
as set forth on Schedule 4.10(c), no party (including the Company) has accelerated, terminated, modified, given
rise to a notice of default, or cancelled any agreement, Contract, lease, Permit, Governmental Authorization, or license (or series
of related agreements, contracts, leases, and licenses) to which the Company is a party or by which they are bound or which affect
the Company and their Assets and Business;

 

(d)       the
Company has not granted any Liens upon any of its Assets, tangible or intangible;

 

(e)       except
as set forth on Schedule 4.10(e), the Company has not made any capital expenditure (or series of related capital
expenditures) outside the Ordinary Course of Business;

 

(f)       The
Company has not made any capital investment in, any loan to, or any acquisition of the securities or assets of, any other Person
(or series of related capital investments, loans, and acquisitions);

 

(g)       except
as set forth on Schedule 4.10(g), the Company has not issued any note, bond, or other debt security or created,
incurred, assumed, or guaranteed any indebtedness for borrowed money or capitalized lease obligation;

 

(h)       there
has been no acceleration of Accounts Receivable, (ii) delay or postponement of the payment of accounts payable or other Liabilities,
or (iii) change in any material respect in the Company’ practices in connection with the payment of accounts payable in
respect of purchases from suppliers;

 

(i)       the
Company has not cancelled, compromised, waived, or released any right or claim (or series of related rights and claims) or suffered
any extraordinary loss;

 

    -9-

     

    

 

(j)       the
Company has not transferred, assigned, or granted any license or sublicense of any rights under or with respect to any Intellectual
Property Assets;

 

(k)       except
as set forth on Schedule 4.10(k), there has been no change made or authorized in the Organizational Documents of
the Company;

 

(l)       the
Company has not issued, sold, pledged or otherwise disposed of any of its equity interests, or granted any options, warrants,
or other rights to purchase or obtain (including upon conversion, exchange, or exercise) any of equity interests or securities;

 

(m)       the
Company has not declared, set aside, or paid any dividend or made any distribution with respect to its equity interests (whether
in cash or in kind) or redeemed, purchased, or otherwise acquired any of its equity interests;

 

(n)       the
Company has not experienced any damage, destruction, or loss (whether or not covered by insurance) to its property and Assets,
including any Property or any Business;

 

(o)       except
as set forth on Schedule 4.10(o), the Company has not made any loan to, or entered into any other transaction with,
any of its members, managers, officers, directors, or employees;

 

(p)       the
Company has not entered into any employment Contract, severance or other benefit agreement, consulting agreement or collective
bargaining agreement, written or oral, or modified the terms of any existing such Contract or agreement;

 

(q)       the
Company has not granted any increase in the base compensation of any of its officers, directors, members, managers or employees
outside the Ordinary Course of Business;

 

(r)       the
Company has not adopted, amended, modified, or terminated any bonus, profit sharing, incentive, severance, or other plan, contract,
or commitment for the benefit of any of its members, managers, officers, directors and employees (or taken any such action with
respect to any other Employee Benefit Plan);

 

(s)       the
Company has not made any other change in employment terms for any of its directors, officers, members, managers and employees
outside the Ordinary Course of Business;

 

(t)       the
Company has not made or pledged to make any charitable or other capital contribution;

 

(u)       there
has not been any other material occurrence, event, incident, action, failure to act, or transaction outside the Ordinary Course
of Business involving the Company;

 

(v)       except
as set forth on Schedule 4.10(v), the Company has not discharged, in whole or in part, a material Liability or Lien
outside the Ordinary Course of Business

 

(w)       there
has been no indication by any customer or supplier of the Business of an intention to discontinue or change the terms of its relationship
with the Company or the Business;

 

(x)       none
of the Company has disclosed any Confidential Information;

 

(y)       there
has been no change in the accounting methods, principles or practices for financial accounting with respect to the Company (except
for those changes required by the Company’ independent auditors to comply with GAAP) or for IRS reporting purposes; and

 

(z)       neither
the Sellers nor the Company have committed to do any of the foregoing.

 

    -10-

     

    

 

4.11       Undisclosed
Liabilities; Financial Statements; Accounts Receivable.

 

(a)       Except
as specifically disclosed on Schedule 4.11(a), the Company has not incurred any Liability (and there is no Basis
for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against any of
the Company giving rise to any Liability), except for the Current Seller Liabilities and Retained Liabilities to be paid by Sellers
at Closing pursuant to Section 2.4 (none of which results from, arises out of, relates to, is in the nature of, or was
caused by any Breach of contract, Breach of warranty, tort, infringement, or violation of any Legal Requirement.)

 

(b)       Schedule
4.11(b) sets forth the following financial statements (collectively, the “Financial Statements”): (a)
unaudited balance sheets and statements of income, changes in stockholders’ equity, and cash flow (the “Most Recent
Financial Statements”) as of and for the nine (9) months ended August 31, 2017 (the “Most Recent Fiscal Month
End”), for the Company. In addition, on or be6fore Closing, Sellers will provide Buyer with the Closing Balance Sheet
in accordance with Section 6.1(j). The Closing Balance Sheet and the Financial Statements (including the notes thereto)
have been prepared in accordance with GAAP applied on a consistent basis throughout the periods covered thereby, present fairly
the financial condition of the Company as of such dates and the results of operations of the Company for such periods, are correct
and complete, and are consistent with the books and records of the Company (which books and records are correct and complete);
provided, however, that the Most Recent Financial Statements are subject to normal year-end adjustments (which will
not be material individually or in the aggregate) and lack footnotes and other presentation items.

 

(c)       All
Accounts Receivable that are reflected in the Financial Statements and/or in the business records of the Company represent valid
obligations arising from sales actually made or services actually performed by the Company in the Ordinary Course of Business.
There is no contest, defense or right of set-off currently being claimed or, to the Knowledge of Sellers, expected to be claimed,
by any account debtor with respect to any Account Receivable, or any part thereof. Except to the extent paid prior to the Closing
Date, such Accounts Receivable are or will be as of the Closing Date current and collectible net of the respective reserves shown
on the Financial Statements and/or in the business records of the Company (which reserves are adequate and calculated consistent
with past practice). Subject to such reserves, each of such Accounts Receivable either has been or will be collected in full,
without any setoff, within ninety (90) days after the day on which it first becomes due and payable. Sellers have provided Buyer
with a complete and accurate list of all current Accounts Receivable current to within five (5) days of the Closing Date, which
list sets forth the aging of each such Account Receivable.

 

4.12       Permits.

 

(a)       Schedule
4.12(a) contains (i) a complete and accurate list of all permits, licenses, Consents, Governmental Authorizations and
Approvals owned by the Company that are necessary or required to own, construct, operate and develop the Business, the Assets
and the Properties (collectively, the “Permits”). Schedule 4.12(a) also contains a complete and
accurate list of all permits, Governmental Authorizations, Consents, licenses, and approvals for which the Company or Seller have
made application with respect to the ownership, operation, construction, and development of the Business and the Properties where
such application is still pending as of the date hereof and at Closing. The Company has not received any notice (written or oral)
from any Governmental Body of rejection of any such application or any notice (written or oral) that any such application is being
considered for rejection. Each Permit is valid and in full force and effect. The Permits listed or required to be listed in Schedule
4.12(a) and 4.7(c) collectively constitute all of the Permits necessary or required to permit the Company to lawfully
conduct and operate each Business on each Property in accordance with all Legal Requirements. The Company is, and at all times
has been, in full compliance with all of the terms and requirements of each Permit listed or required to be listed in Schedule
4.12(a) and 4.7(c).

 

(b)       Seller
has delivered, or has caused to be delivered, to Buyer (or its Representatives) copies of (i) all Permits and Approvals and applications
therefor referred to above in this Section 4.12 and in Section 4.7, and (ii) all other correspondence between Seller
or the Company (or their Representatives) and the applicable Governmental Bodies in connection with such Permits and applications
therefor.

 

(c)       No
event has occurred or circumstance exists that may (with or without notice or lapse of time) (A) constitute or result directly
or indirectly in a violation of or a failure to comply with any term or requirement of any Permit listed or required to be listed
in Schedule 4.12(a) and 4.7(c) or (B) result directly or indirectly in the revocation, withdrawal, suspension, cancellation
or termination of, or any modification to, any Permit or Approval.

 

    -11-

     

    

 

(d)       Neither
Seller nor the Company has received any notice or other communication (whether oral or written) from any Governmental Body or
any other Person regarding (A) any actual, alleged, possible or potential violation of or failure to comply with any term or requirement
of any Permit or (B) any actual, proposed, possible or potential revocation, withdrawal, suspension, cancellation, termination
of or modification to any Permit; and

 

(e)       All
applications required to have been filed for the renewal of the Governmental Authorizations listed or required to be listed in
Schedule 4.12(a) and 4.7(c) have been duly filed on a timely basis with the appropriate Governmental Bodies, and
all other filings required to have been made with respect to such Permits have been duly made on a timely basis with the appropriate
Governmental Bodies.

 

4.13       Governmental
Authorizations.

 

(a)       Schedule
4.13(a) contains a complete and accurate list of each Governmental Authorization (including document title or name, issuing
authority and identifying number) held by the Company or the Seller that relates in any way to the Company, the Assets, including
the Properties, or the Business. Seller has delivered to Buyer a true and complete copy of all such Governmental Authorizations.
Each Governmental Authorization listed or required to be listed on Schedule 4.13(a) is valid and in full force and
effect. The Company has at all times since the formation of the Company been in compliance with all of the terms and requirements
of each Governmental Authorization identified or required to be identified on Schedule 4.13(a). No event
has occurred or circumstance exists that may (with or without notice or lapse of time) (a) constitute or result directly or indirectly
in a material violation of or a material failure to comply with any term or requirement of any Governmental Authorization listed
or required to be listed on Schedule 4.13(a), or (b) result directly or indirectly in the revocation, withdrawal,
suspension, cancellation or termination of, or any modification to, any Governmental Authorization listed or required to be listed
on Schedule 4.13(a).

 

(b)       Neither
the Company nor the Seller have received at any time since the formation of the Company any notice or other communication (whether
oral or written) from any Governmental Body or any other Person regarding (i) any actual, alleged, possible or potential violation
of or failure to comply with any term or requirement of any Governmental Authorization relating to the Company, any Business or
the Assets, including any Property, or (ii) any actual, proposed, possible or potential revocation, withdrawal, suspension, cancellation,
termination of or modification to any Governmental Authorization relating to the Company, the Business or the Assets, including
the Properties. Any registration, declaration, or filing with, or Consent, or other Governmental Authorization or order by, any
Governmental Body that is required in connection with the valid execution, delivery, acceptance, and performance by Seller and
the Company under this Agreement, or the consummation by Seller of any Contemplated transaction under this Agreement, has been
or will be completed, made, or obtained on or before the Closing Date.

 

(c)       All
applications required to have been filed for the renewal of the Governmental Authorizations listed or required to be listed on
Schedule 4.13(a) have been duly filed on a timely basis with the appropriate Governmental Bodies, and all other
filings required to have been made with respect to such Governmental Authorizations have been duly made on a timely basis with
the appropriate Governmental Bodies.

 

(d)       The
Governmental Authorizations listed or required to be listed on Schedule 4.13(a) collectively constitute all of the
Governmental Authorizations necessary to permit the Company to lawfully own, operate, construct and develop each Business on each
Property and to otherwise operate and conduct the Business in the manner in which the Company is currently conducted. Such Governmental
Authorizations also collectively constitute all of the Governmental Authorizations necessary to permit the Company to own, occupy,
operate, improve, develop and use the Assets, including the Properties, and the Business in the manner in which the Company currently
own occupy, operate, improve, develop and use the Assets, including the Properties and operate the Business, and are valid and
in full force and effect

 

    -12-

     

    

 

4.14       Compliance
With Legal Requirements.

 

(a)       Except
as set forth in Schedule 4.14: (i) the Company is, and at all times has been, in full compliance with each Legal
Requirement that is or was applicable to it or to the conduct or operation of the Business or the ownership or use of any of their
Assets, including the Properties; (ii) no event has occurred or circumstance exists that (with or without notice or lapse of time)
(A) may constitute or result in a violation by the Company of, or a failure on the part of the Company to comply with, any Legal
Requirement or (B) may give rise to any obligation on the part of the Company to undertake, or to bear all or any portion of the
cost of, any Remedial Action of any nature; and (iii) neither the Seller nor the Company has received any notice or other communication
(whether oral or written) from any Governmental Body or any other Person regarding (A) any actual, alleged, possible or potential
violation of, or failure to comply with, any Legal Requirement or (B) any actual, alleged, possible or potential obligation on
the part of the Company to undertake, or to bear all or any portion of the cost of, any Remedial Action of any nature.

 

4.15       Tax
Matters.

 

(a)       Intentionally
deleted.

 

(b)       The
Company has filed all Tax Returns that it was required to file under applicable Legal Requirements and regulations. All such Tax
Returns were correct and complete in all respects and have been prepared in substantial compliance with all applicable laws and
regulations. All Taxes due and owing by the Company (whether or not shown on any Tax Return) have been paid. The Company is not
currently the beneficiary of any extension of time within which to file any Tax Return. No claim has ever been made by an authority
in a jurisdiction where the Company do not file Tax Returns that it is or may be subject to taxation by that jurisdiction. There
are no Liens for Taxes (other than Taxes not yet due and payable) upon any of the Assets of the Company. As of the Closing Date,
the Company will have paid all Taxes (other than Taxes not yet due and payable) and with respect to any Taxes that are not yet
due and payable as of the Closing Date, the Company has adequately reserved for such Taxes, except as described on Schedule
4.15(a).

 

(c)       The
Company has withheld and paid all Taxes required to have been withheld and paid in connection with any amounts paid or owing to
any employee, independent contractor, creditor, member, or other third party.

 

(d)       Neither
Seller, nor any member, manager, director or officer (or employee responsible for Tax matters) of the Company, expects any authority
to assess any additional Taxes for any period for which Tax Returns have been filed. No foreign, federal, state, or local tax
audits or administrative or judicial Tax proceedings are pending or being conducted with respect to the Company. The Company had
not received from any foreign, federal, state, or local taxing authority (including jurisdictions where the Company has not filed
Tax Returns) any (i) written notice indicating an intent to open an audit or other review, (ii) request for information related
to Tax matters, or (iii) notice of deficiency or proposed adjustment for any amount of Tax proposed, asserted, or assessed by
any taxing authority against the Company.

 

(e)       Schedule
4.15(e) sets forth all federal, state, local, and foreign income Tax Returns filed with respect to the Company for taxable
periods ended on or after the formation of each Company, indicates those Tax Returns that have been audited, and indicates those
Tax Returns that currently are the subject of audit. Seller has delivered to Buyer correct and complete copies of all federal
income Tax Returns, examination reports, and statements of deficiencies assessed against or agreed to by the Company filed or
received since the formation of each Company.

 

(f)       The
Company has not waived any statute of limitations in respect of Taxes or agreed to any extension of time with respect to a Tax
assessment or deficiency.

 

    -13-

     

    

 

(g)       The
Company is not a party to any agreement, contract, arrangement or plan that has resulted or would result, separately or in the
aggregate, in the payment of (i) any “excess parachute payment” within the meaning of Code Section 280G (or any corresponding
provision of state, local or foreign Tax law) and (ii) any amount that will not be fully deductible as a result of Code Section
162(m) (or any corresponding provision of state, local or foreign Tax law). The Company has not been a United States real property
holding corporation within the meaning of Code Section 897(c)(2) during the applicable period specified in Code Section 897(c)(1)(A)(ii).

 

(h)       The
Company is not a party to or bound by any Tax allocation or sharing agreement. The Company (i) has not been a member of an Affiliated
Group filing a consolidated federal income Tax Return or (ii) has Liability for the Taxes of any Person under Treasury Regulations
Section 1.1502-6 (or any similar provision of state, local, or foreign law), as a transferee or successor, by contract, or otherwise.

 

(i)       Schedule
4.15(i) Intentionally Deleted.

 

(j)       Except
as set forth on Schedule 4.15(i), the unpaid Taxes of the Company (i) did not, as of the most recent fiscal month
end of each Company, exceed the reserve for Tax Liability (rather than any reserve for deferred Taxes established to reflect timing
differences between book and Tax income) set forth on the face of the most recent balance sheet of the Company and (ii) do not
exceed that reserve as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice
of the Company in filing its’ Tax Returns. Since the date of the most recent balance sheet of the Company, the Company has
not incurred any liability for Taxes arising from extraordinary gains or losses, as that term is used in GAAP, outside the Ordinary
Course of Business consistent with past custom and practice.

 

(k)       The
Company will not be required to include any item of income in, or exclude any item of deduction from, taxable income for any taxable
period (or portion thereof) ending after the Closing Date as a result of any: (i) change in method of accounting for a taxable
period ending on or prior to the Closing Date, (ii) “closing agreement” as described in Code Section 7121 (or any
corresponding or similar provision of state, local or foreign income Tax law) executed on or prior to the Closing Date, (iii)
intercompany transactions or any excess loss account described in Treasury Regulations under Code Section 1502 (or any corresponding
or similar provision of state, local or foreign income Tax law), (iv) installment sale or open transaction disposition made on
or prior to the Closing Date, or (v) prepaid amount received on or prior to the Closing Date.

 

4.16       Condition
of the Properties.

 

			

(i)       There
are no structural deficiencies or latent or patent defects affecting any of the Improvements on any Property and there are no
facts or conditions affecting any of the Improvements which would, individually or in the aggregate, interfere in any respect
with the use or occupancy of the Improvements or any portion thereof.

 

(ii)       There
is no condemnation, expropriation or other proceeding in eminent domain, pending or threatened, affecting any of the Properties
or any portion thereof or interest therein. There is no injunction, decree, order, writ or judgment outstanding, nor any claims,
litigation, administrative actions or similar proceedings, pending or threatened, relating to the ownership, lease, use or occupancy
of each Property or any portion thereof.

 

(iii)       The
Property is currently zoned “business” under the City of Greenville Planning & Zoning Office. To the Knowledge
of Seller, there is no pending or anticipated change in any zoning or land use laws that will materially impair the development,
construction, operation or use of any Property or any portion thereof in the operation of the Business as the Property is currently
being used. The Property is in compliance with all Legal Requirements, including all applicable building, zoning, comprehensive
planning, subdivision, health and safety and other land use laws, regulations, ordinances and rules, and all insurance requirements
affecting the Properties (collectively, the “Real Property Laws”), and the current use, operation and occupancy
of the Property, including the use, occupancy and operation of the Business, does not violate any Real Property Laws. The Seller
has not received any notice of violation of any Real Property Law and there is no Basis for the issuance of any such notice or
the taking of any action for such violation. To the Knowledge of the Seller, there is no pending or anticipated change in any
Real Property Law that will have a Material Adverse Effect on the ownership, operation, development, construction, lease, use
or occupancy of the Properties in the operation of the Business, or otherwise as it is currently being used (or any portion thereof).
Use of the Property pursuant to the all Permits, Approvals, Consents and Governmental Authorizations under existing zoning is
not personal to the Company, is not subject to a conditional use approval, and is not a legal nonconforming use.

 

    -14-

     

    

 

(iv)       All
water, oil, gas, electrical, telecommunications, sewer, storm and waste water systems and other utility services or systems for
the Property have been installed and are operational.

 

(v)       All
Governmental Authorizations, Approvals, Consents and Permits which are required or appropriate to use or occupy the Properties
by the Company and for the Company to and own, operate, construct and develop the Business on the Property have been issued and
are in full force and effect. Seller has not received any notice from any Governmental Body or other entity having jurisdiction
over the Properties threatening a suspension, revocation, modification or cancellation of any Governmental Authorization, Consent,
Approval or Permit and there is no basis for the issuance of any such notice or the taking of any such action.

 

(vi)       There
are no Taxes, assessments, fees, special assessments, impact fees, charges or similar costs or expenses imposed by any Governmental
Body, association or other entity having jurisdiction over the Properties with respect to the Properties or portion thereof which
are delinquent and which are not payable with respect to any period after the Closing. A change in the ownership or use of the
Properties from its present ownership and use will not trigger liability for “rollback” taxes or other assessments
for prior years.

 

(vii)       Schedule
4.16(viii) lists each Real Property Lease to which the Company is a party. Each Real Property Lease is legal, valid, binding,
enforceable and in full force and effect. Except as set forth on Schedule 4.16(viii), the Contemplated Transactions
do not require the Consent of any other party to such Real Property Lease, will not result in a Breach of or default under such
Real Property Lease, and will not otherwise cause such Real Property Lease to cease to be legal, valid, binding, enforceable and
in full force and effect on identical terms following the Closing. The possession and quiet enjoyment of the any Property under
any Real Property Lease has not been disturbed and there are no currently unresolved disputes with respect to such Real Property
Lease. Neither the Companies, nor, to the Knowledge of Seller, any other party to such Real Property Lease, is in Breach or default
under the Real Property Lease, and, to the Knowledge of Seller, no event has occurred or circumstance exists which, with the delivery
of notice, the passage of time or both, would constitute such a Breach or default, or permit the termination, modification or
acceleration of rent under such Real Property Lease. No security deposit or portion thereof deposited with respect to such Real
Property Lease has been applied in respect of a breach or default under such Real Property Lease which has not been redeposited
in full. The Company does not owe, or will owe in the future, any brokerage commissions or finder’s fees with respect to
such Real Property Lease. Except as shown on Schedule 4.16(viii), the other party to each Real Property Lease is
not an affiliate of, and otherwise does not have any economic interest in Seller or its respective Related Persons. Except as
shown on Schedule 4.16(viii), neither Seller nor the Company has subleased, licensed or otherwise granted any Person
the right to use or occupy any Property or any portion thereof. Except as shown on Schedule 4.16(viii), neither
Seller nor the Company has collaterally assigned or granted any other security interest in any Property subject to a Real Property
Lease or any interest therein. Except as shown on Schedule 4.16(viii), there are no Liens or other encumbrances
on the estate or interest created by any Real Property Lease.

 

(viii)       Each
Property has legal access to a public right-of-way. There are no easements, rights of way, reservations of gas, timber, mineral
rights, leases or other Liens which do not appear in the Public Records of Greenville, South Carolina. Neither Seller nor the
Company shall grant, convey, dispose of, sell, encumber, assign or transfer any interest in any Property, including but not limited
to any contract, option, lease, easement, or other agreement granting any interest whatsoever in the Properties, without the prior
written consent of Buyer.

 

4.17       Conveyance
of Entire Interest In the Company and the Assets. At Closing, all of Seller’s right, title and interest in and to the
Membership Interests and in such right, title or interest that Seller may have or had with respect to the Business and the Assets,
including the Properties will be transferred and conveyed to Buyer free and clear of all Liens.

 

    -15-

     

    

 

4.18       Contracts.

 

(a)       The
only Contracts to which the Company is a party are described in Schedule 4.18(a) (“Company Contracts”),
and correct and complete copies of all such Contracts have been provided to Buyer.

 

(b)       The
Seller does not have and may not acquire any rights under the Company Contract, and Seller does not have and will not become subject
to any obligation or Liability under the Company Contract, that relates to the Business of the Company.

 

(c)       Except
as set forth on Schedule 4.18(c), the Company Contracts are legal, valid, binding, enforceable, and in full force
and effect (except as enforcement thereof may be limited by applicable Insolvency Laws), and will continue to be legal, valid,
binding, enforceable, and in full force and effect on identical terms following the consummation of the Contemplated Transactions;
(ii) none of the Company Contracts will upon completion or performance thereof have a Material Adverse Effect on the Business,
Assets or condition of the Company or the ownership, operation, construction and development of the Business by the Company; (iii)
the Company is, and at all times has been, in compliance with all applicable terms and requirements of the Company Contracts;
(iv) no event has occurred or circumstance exists that (with or without notice or lapse of time) may contravene, conflict with
or result in a Breach of, or give the Company or other Person the right to declare a default or exercise any remedy under, or
to accelerate the maturity or performance of, or payment under, or to cancel, terminate or modify, the Company Contracts; (v)
no party to the Company Contracts has threatened to terminate its business relationship with the Company for any reason; (vi)
Neither Seller or the Company has given to or received from any other Person any notice or other communication (whether oral or
written) regarding the actual, alleged, possible or potential Breach of the Company Contract; and (vii) no event has occurred
or circumstance exists under or by virtue of the Company Contract that (with or without notice or lapse of time) would cause the
creation of any Lien affecting any of the Assets.

 

(d)       There
are no renegotiations of, attempts to renegotiate or outstanding rights to renegotiate any material amounts paid or payable to
the Company under the Company Contracts with any Person having the contractual or statutory right to demand or require such renegotiation
and no such Person has made written demand for such renegotiation.

 

(e)       Any
Company Contract relating to the sale or provision of services by the Company has been entered into in the Ordinary Course of
Business of the Company and has been entered into without the commission of any act alone or in concert with any other Person,
or any consideration having been paid or promised, that is or would be in violation of any Legal Requirement.

 

(f)       Seller
has provided to Buyer a complete list of the recurring customers of the Business, whether or not such recurring customers are
bound by a written contract or agreement with the Company. Attached hereto as Schedule 4.18(f) is a sample form
of Contract which the Company use for their recurring customers. All Contracts between the Company and the recurring customers
of the Business are in substantially the same form and contain substantially the same terms and conditions as set forth in the
sample form of Contract attached hereto as Schedule 4.18(f).

 

4.19       Powers
of Attorney. There are no outstanding powers of attorney executed on behalf of the Company.

 

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4.20       Litigation.
Except as set forth in Schedule 4.20 (which lists pending or threatened Proceedings, all of which are referred to
as “Current Litigation Matters”), there is no pending or, to Seller’s Knowledge, threatened Proceeding:
(i) by or against the Company; (ii) that otherwise relates to or may affect the Business of, or any of the Assets owned or used
by, the Company; or (iii) that challenges, or that may have the effect of preventing, delaying, making illegal or otherwise interfering
with, any of the Contemplated Transactions, the Business or the Assets, or the ownership, construction, development, or operation
of any of the Properties in furtherance of the Business. No event has occurred or circumstance exists that is reasonably
likely to give rise to or serve as a Basis for the commencement of any such Proceeding. Except as set forth in Schedule
4.20, (i) there is no Order to which the Company, the Business or any of the Assets is subject or that in any way relates
to or could reasonably be expected to affect the Company, the Business or the Assets, or the ownership, construction, development,
or operation of the Properties; and (ii) no officer, director, member, manager, agent or employee of the Company is subject to
any Order that prohibits such officer, director member, manager, agent or employee from engaging in or continuing any conduct,
activity or practice relating to the Business of the Company. Except as set forth on Schedule 4.20, (i) each of
Seller and the Company is, and at all times have been, in compliance with all of the terms and requirements of any Order, (ii)
no event has occurred or circumstance exists that is reasonably likely to constitute or result in (with or without notice or lapse
of time) a violation of or failure to comply with any term or requirement of any such Order, and (iii) neither Seller nor the
Company has received any notice or other communication (whether written or oral) from any Governmental Body or any other Person
regarding any actual, alleged, possible or potential violation of, or failure to comply with, any term or requirement of any such
Order.

 

4.21       Employees.
Schedule 4.21 sets forth for all employees of the Company: the (i) name, (ii) job title, (iii) date of hiring or
engagement, (iv) date of commencement of employment or engagement, (v) current compensation paid or payable and any change in
compensation since the formation of the Company, (vi) sick and vacation leave that is accrued but unused, (vii) service credited
for purposes of vesting and eligibility to participate under any Employee Benefit Plan, or any other employee benefit plan and
(viii) details of any disciplinary problems within the past two (2) years. No retired employees of the Company, or their dependents,
are receiving benefits or are scheduled to receive benefits in the future from the Company. No officer, director, agent, member,
manager, employee, consultant, or independent contractor of the Company is bound by any Contract that purports to limit the ability
of such officer, director, member, manager, agent, employee, consultant, or independent contractor (a) to engage in or continue
or perform any conduct, activity, duties or practice relating to the Business of the Company or (b) to assign to the Company or
to any other Person any rights to any invention, improvement, or discovery. No former or current officer, director, member, manager,
agent, employee, consultant, or independent contractor of the Company is a party to, or is otherwise bound by, any Contract that
in any way adversely affected, affects, or will affect the ability of the Company to conduct the Business as heretofore carried
on by the Company. All salaries, wages and other compensation and benefits payable to each officer, director, agent, member, manager,
employee, consultant, or independent contractor of the Company has been accrued and paid by the Company when due for all periods
through the Closing Date, will have been paid by the Company when due for all periods through the Closing Date. The employment
of each employee who is employed by the Company can be terminated by the Company upon not more than fourteen (14) days’
notice without severance, penalty or premium, other than payment of accrued salaries, wages and vacation benefits. The Company
do not own or maintain any Employee Benefit Plan pursuant to which any employee or former employee is entitled to benefits that
the Company maintain, to which the Company contributes or has any obligation to contribute, or with respect to which the Company
has any Liability or potential Liability. Neither Seller nor the Company has violated the Worker Adjustment and Retraining Notification
Act (the “WARN Act”) or any similar state or local Legal Requirement.

 

4.22       Labor
Disputes; Compliance.

 

(a)       The
Company has complied in all respects at all times with all Legal Requirements, including all Occupational Safety and Health Laws,
relating to employment practices, terms and conditions of employment, equal employment opportunity, nondiscrimination, immigration,
wages, hours, benefits, payment of social security and similar Taxes, collective bargaining and other requirements under applicable
Legal Requirements. The Company is not liable for the payment of any Taxes, including any social security and similar Taxes, fines,
penalties, interest, back wages, front pay, liquidated or compensatory damages, exemplary damages or other amounts, however designated,
for failure to comply with any of the foregoing Legal Requirements.

 

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(b)       The
Company has not been, and is not now, a party to any collective bargaining agreement or other labor Contract. There has not been,
there is not presently pending or existing, and to Seller’s Knowledge, there is not threatened, any strike, slowdown, picketing,
work stoppage or employee grievance process involving the Company. No event has occurred or circumstance exists that could provide
the Basis for any work stoppage or other labor dispute. There has not been, there is not presently pending or existing, and, to
the Knowledge of Seller, there is not overtly threatened any Proceeding, charge, grievance proceeding or other claim against or
affecting the Company (or any director, officer, manager, member or employee thereof) relating to the actual or alleged violation
of any Legal Requirement pertaining to labor relations or employment matters, including any charge or complaint filed by an employee
or union with the National Labor Relations Board, the Equal Employment Opportunity Commission or any comparable Governmental Body,
and there is no organizational activity or other labor dispute against or affecting the Company or the Business. There is no organizational
activity or other labor dispute against or affecting the Business or the Company and no application or petition for an election
of or for certification of a collective bargaining agent is pending. No grievance or arbitration Proceeding exists that might
have a Material Adverse Effect upon the Company or the conduct of the Business. Neither the Company nor the Seller have been served
notice of, and Seller and the Company do not otherwise have Knowledge of, any grievance or arbitration Proceeding by any employee
of the Company that might have an adverse effect upon the Company, the Assets or the conduct of the Business. There has been no
charge of discrimination filed against or, to Seller’s Knowledge, threatened against the Company with the Equal Employment
Opportunity Commission or similar Governmental Body. There is no lockout by the Company of any employees of the Company, and no
such action is contemplated by Seller or the Company.

 

4.23       Employee
Benefits. The Company does not own or maintain any Employee Benefit Plan pursuant to which any employee or former employee
is entitled to benefits that the Company maintain, to which the Company contribute, or has any obligation to contribute, or with
respect to which the Company has any Liability or potential Liability. The Company does not maintain, contribute to or have an
obligation to contribute to, or have any Liability or potential Liability with respect to, any Employee Welfare Benefit Plan (as
defined by ERISA) providing health or life insurance or other welfare-type benefits for current or future retired or terminated
directors, officers or employees (or any spouse or other dependent thereof) of the Company other than in accordance with COBRA.

 

4.24       Guaranties.
Except as set forth on Schedule 4.24, the Company is not a guarantor and is not otherwise liable for any Liability
or obligation (including Indebtedness) of any other Person.

 

4.25       Environmental
Matters.

 

(a)       Except
as disclosed on Schedule 4.25, (i) the Company has not treated, stored, disposed of, arranged for or permitted the
disposal of, transported, handled, manufactured, distributed, or released any substance, including without limitation any Hazardous
Material, or owned or operated any property or facility (and no such property or facility is contaminated by any such substance)
so as to give rise to any current or future Liabilities, including any Liability for fines, penalties, response costs, corrective
action costs, personal injury, property damage, natural resources damages or attorney’s fees, pursuant to the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as amended (“CERCLA”), the Solid Waste Disposal
Act, as amended (“SWDA”) or any other Environmental Laws; (ii) the Properties do not now contain nor have the
Properties contained any underground storage tanks or Hazardous Material; (iii) neither this Agreement nor the consummation of
the Contemplated Transactions will result in any obligations for site investigation or cleanup, or notification to or consent
of government agencies or third parties, pursuant to any of the so-called “transaction-triggered” or “responsible
property transfer” Environmental Laws; and (iv) the Company has not assumed, have the Company otherwise become subject to,
any Liability, including without limitation any obligation for corrective or Remedial Action, of any other Person relating to
Environmental Laws.

 

(b)       Except
as disclosed on Schedule 4.25, (i) the Company has complied in all respects, and are presently in compliance in
all respects, with all applicable Environmental Laws pertaining to the ownership and operation of the Assets, the Properties and
the Business, (ii) neither Seller nor the Company has received any communication alleging that they are not in compliance with
any Environmental Law, (iii) neither Seller nor the Company has taken any action that could reasonably result in any Liability
(other than minor Liabilities of nominal or no financial or other consequence) relating to (1) the environmental conditions on,
under, or about the Properties or any real property that is presently owned, leased or otherwise used by the Company, or upon
which the Company locate their Tangible Personal Property; or (2) the present use, management, handling, transport, treatment,
generation, storage, disposal or release of any Hazardous Material. There are no pending or threatened Proceedings of any nature
resulting from any Environmental, Health and Safety Liabilities or arising under or pursuant to any Environmental Law with respect
to or affecting the Company, the Business, the Properties or any of the Assets of the Company. No Property contains wetlands,
vegetation, animal species or significant historic/archaeological sites which are subject to special regulations or limitations
under any Legal Requirement. No unacceptable material has deposited or buried on or under the Properties in violation of any Permit,
Governmental Authorization or Legal Requirement; no toxic wastes or Hazardous Materials have been deposited, disposed of, stored,
generated or released on or from the Properties, and there are no cemeteries, grave sites or other burial sites located on the
Properties.

 

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4.26       Certain
Business Relationships with the Company. Except as disclosed on Schedule 4.26, neither Seller, nor their Related
Persons, nor the officers, directors, managers, members and employees of the Company has been involved in any business arrangement
or relationship with the Company within the past twelve (12) months, and neither Seller, nor their Related Persons, nor the officers,
directors, employees, members, managers, directors and officers of the Company owns any asset, tangible or intangible, which is
used in the Business of the Company. Neither the Company nor its Related Persons, their respective officers, employees, members,
managers, directors and officers of the Company nor any Seller nor any Related Person of any of them owns, or has owned, of record
or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that has (a) had business
dealings or a material financial interest in any transaction with the Company other than business dealings or transactions disclosed
in Schedule 4.26, each of which has been conducted in the Ordinary Course of Business with the Company at substantially
prevailing market prices and on substantially prevailing market terms or (b) engaged in competition with the Company with respect
to any line of the products or services of the Company in any market presently served by the Company. Except as set forth in Schedule
4.26, neither the Company nor its Related Persons, their respective officers, employees, members, managers, directors
and officers of the Company, nor the Seller nor any Related Person of any of them is a party to any Contract with, or has any
claim or right against, the Company.

 

4.27       Intellectual
Property. Schedule 4.27 contains a complete and accurate list and summary of all Intellectual Property owned
or possessed by the Company, or which the Company has the right to use pursuant to a valid and enforceable, written license, sublicense,
agreement, or permission (collectively and together with the Intangible Personal Property, the “Intellectual Property
Assets”). Such Intellectual Property Assets constitute all of the Intellectual Property necessary for the operation
of the Business of the Company as presently conducted. The Intellectual Property Assets do not infringe on the intellectual property
rights of any Person. The Company is the owner or licensee of all right, title and interest in and to each of the Intellectual
Property Assets, free and clear of all Liens. The Company has the right to use all of the Intellectual Property Assets without
payment to any third party. The Company owns or has the right to use pursuant to ownership, license, sublicense, agreement, permission
or free and unrestricted availability to general public all of the Intellectual Property Assets used by such Company. The Company
has not interfered with, infringed upon, misappropriated, or otherwise come into conflict with any Intellectual Property rights
of third parties, and neither Seller, nor the Company, or their respective members, managers, directors and officers and employees
has ever received any charge, complaint, claim, demand, or notice alleging any such interference, infringement, misappropriation,
or violation (including any claim that the Company must license or refrain from using any intellectual property rights of any
third party). To the Knowledge of Seller, no third party has interfered with, infringed upon, misappropriated, or otherwise come
into conflict with any proprietary intellectual property rights of the Company.

 

4.28       Corrupt
Practices. Except in compliance with all Legal Requirements, neither the Seller, the Company, nor any of their Related Persons,
or each of their respective officers, directors, employees or agents, have, directly or indirectly, ever made, offered or agreed
to offer anything of value to (a) any employees, Representatives or agents of any customers of Seller or the Company for the purpose
of attracting business to Seller or the Company or (b) any domestic governmental official, political party or candidate for government
office or any of their employees, Representatives or agents.

 

4.29       Solvency.
Neither Seller nor the Company is Insolvent and neither the Seller nor the Company has committed an act of bankruptcy, proposed
a compromise or arrangement to its creditors generally, had any petition in bankruptcy filed against it, filed a petition or undertaken
any action proceeding to be declared bankrupt, to liquidate its assets or to be dissolved. The Contemplated Transactions will
not cause the Company to become Insolvent or to be unable to satisfy and pay its debts and obligations generally as they come
due.

 

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4.30       Operating
Agreement. Attached hereto as Schedule 4.30 is a true and correct copy of the Operating Agreement (the “Operating Agreement”)
for the Company. The Operating Agreement is in full force and effect and has not been rescinded, modified or amended in any way.

 

4.31       Disclosure.

 

(a)       No
representation or warranty or other statement made by Seller in this Agreement, the Schedules, the certificates delivered pursuant
to this Agreement or otherwise in connection with the Contemplated Transactions contains any untrue statement or omits to state
a material fact necessary to make any of them, in light of the circumstances in which it was made, not misleading.

 

(b)       Seller
has no Knowledge of any fact that has specific application to the Company (other than general economic or industry conditions)
and that may materially adversely affect the assets, business, prospects, financial condition or results of operations of the
Company that has not been set forth in this Agreement or the Schedules.

 

Section
5

COVENANTS

 

5.1       General.
The Parties will cooperate reasonably with each other and with their respective Representatives in connection with any steps required
to be taken as part of their respective obligations under this Agreement, and will (a) furnish upon reasonable request to each
other such further information, (b) execute and deliver to each other such other documents, and (c) do such other acts and things,
all as any other Party may reasonably request for the purpose of carrying out the intent of this Agreement and the Contemplated
Transactions. In case at any time after the Closing any further action is necessary or desirable to carry out the purposes of
this Agreement, each of the Parties will take such further action (including the execution and delivery of such further instruments
and documents) as any other Party reasonably may request, all at the sole cost and expense of the requesting Party (unless the
requesting Party is entitled to indemnification therefor under Section 7 or unless such cost or expense is the obligation
of the non-requesting Party under this Agreement). Sellers acknowledge and agree that, from and after the Closing, Buyer will
be entitled to possession of all documents, books, records (including Tax records), Permits, Governmental Authorizations, certificates
of title, agreements, Company Contracts, Organizational Documents, financial data and all other documents of any sort relating
to the Company (all of the forgoing, the “Company Documents”).

 

5.2       Inspection
Period. Prior to the Closing (the “Inspection Period”), the Buyer shall have the inspection rights set
forth in this Section 5.2. Buyer shall have the Inspection Period within which to physically inspect the Assets, including the
Properties, and the Company Documents and to conduct its due diligence with respect to the Assets, including the Properties, the
Business and the Company. Buyer and Buyer’s officers, directors, employees, consultants, agents and attorneys and other
authorized representatives, shall have the right to reasonable access to the Assets, the Properties and Company Documents and
to all records of Sellers and the Company related thereto, including without limitation title information, property information,
surveys, maintenance records, environmental assessment reports, engineering reports and any other information of the Company,
the Business and the Assets, at reasonable times during the Inspection Period for the purpose of inspecting the Assets, including
the Properties, and the Business, and conducting all studies, tests, inspections and measurements of all kinds as deemed necessary
by Buyer, reviewing the books and records of Sellers and the Company concerning the Company, the Business and the Assets, including
the Properties, and otherwise conducting its due diligence review of the Company, the Business, and the Assets, including the
Properties. Sellers shall cooperate with and assist Buyer in making such inspections and reviews and in obtaining copies of any
documentation related to the Company, the Business, and the Assets and Properties, including the review and inspection of any
and all Permits, Approvals, Consents, licenses, Governmental Authorizations and other permits and approvals necessary or required
for the Company to own, operate, construct and develop the Business and in accordance with such other applicable local, state
and federal Legal Requirements. Sellers shall make available to Buyer such of the foregoing as may be in Sellers’ possession,
or the Company’ possession, in order to facilitate Buyer’s due diligence. Sellers shall give Buyer any authorizations
which may be required by Buyer in order to gain access to records or other information pertaining to the Company, the Assets,
including the Properties, and the Business, or the use thereof maintained by any third party, Governmental Body or organizations.
Buyer shall, prior to the expiration of the Inspection Period, notify Sellers of the Company Contract that Buyer does not wish
for the Company to continue to be a party thereto and be bound thereby (“Excluded Contracts”).

 

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5.3       Intentionally
Omitted.

 

5.4       Transition.

 

(a)       
Sellers and its Related Persons will not take any action that is designed or intended to have the effect of discouraging any lessor,
licensor, vendor, customer, supplier, or other business associate of the Company from maintaining the same business relationships
with the Company after the Closing as it maintained with the Company or Seller prior to the Closing. The Parties will cooperate
to provide each other with reasonable information systems support to permit a smooth transfer of business operations between the
Parties. In such regard, Seller will provide Buyer with all information and systems support in connection with the operation of
the Company and the Business. Such assistance shall include electronic, computer and other system assistance. Seller will refer
all customer inquiries relating to the Business of the Company to Buyer from and after the Closing.

 

(b)       From
and after the Effective Date and continuing for ninety days after Closing, the Parties will cooperate to provide each other with
reasonable information systems support to permit a smooth transfer of the operations of the Business. In such regard, during such
ninety (90) day period, Seller will provide Buyer with reasonable billing and other information systems support in connection
with the operation by Buyer of the Business. Such assistance shall include electronic, computer and other system assistance. Seller
also agrees to advise and assist Buyer with respect to any and all local community and government programs, Proceedings, introductions,
and arrangements relating to the Business. Seller will cooperate with and assist Buyer with any submission of any proposals to
any Governmental Bodies and to provide the services necessary to procure all Permits, Approvals, Governmental Authorizations,
Contracts, orders, Consents, licenses, assignments, and approvals from the State of South Carolina and Greenville, South, Carolina
for the Company to have the right to own, operate, construct, and develop the Business in the Buyer’s sole discretion, including
without limitation, assistance with the completion of all applicable filings, submissions, registrations and all other requirements
relating thereto, and attendance at all meetings, public hearings and any other Proceedings with applicable Governmental Bodies,
or their Representatives, at Buyer’s request. From and after the Effective Date, Seller will agree to devote the time and
attention necessary to the business and affairs of Buyer and the Company and shall give Buyer the benefit of Seller’s special
knowledge, skill and business expertise to promote the Buyer’s and the Company’ business interests in the marketplace.
All services to be provided to Buyer, and the Company, as applicable, and all actions taken by Seller will be in accordance with
all Legal Requirements. The services to be provided by the Seller to Buyer and the Company pursuant to this Agreement shall be
exclusive to Buyer and the Company, and Seller will not provide, either directly or indirectly, similar services to any other
Person.

 

5.5       Confidentiality.

 

(a)       Seller
hereby acknowledges and agrees that, through its ownership or operation of the Company, has occupied positions of trust and confidence
with respect to the Company and the Business up to the date hereof and has had access to, and has become familiar with, the confidential
and non-public information of the Company and the Business any and all other confidential or proprietary information concerning
the affairs or conduct of the Company and the Business prior to the date hereof, whether prepared by or on behalf of the Seller
or the Company (collectively, the “Confidential Information”).

 

(b)       Seller
hereby acknowledges and agrees that the protection of the Confidential Information of the Company is necessary to protect and
preserve the value of the Company and the Business and Assets of the Company, and that without such protection, Buyer would not
have entered into this Agreement and consummated the Contemplated Transactions. Accordingly, subject to the provisions of Section
5.5(c), Seller hereby covenants and agrees, for itself, their Representatives and Related Persons and its and their successors
and permitted assigns, that, without the prior written consent of Buyer (which consent will be at the Buyer’s absolute discretion
to give or withhold), Seller will not, nor will Seller cause or permit any of its Representatives or Related Persons to, at any
time on or after the Closing Date, directly or indirectly, disclose to any Person or use for its own account or benefit or for
the account or benefit of any other Person any Confidential Information.

 

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(c)       The
provisions of Section 5.5(b) will not apply to any Confidential Information (i) that a the Seller can demonstrate with
documentary evidence is generally known to, and available for use by, the public other than as a result of the Breach of this
Agreement or any other agreement pursuant to which any Person (including Seller or any Representative or Related Person thereof)
owes any duty of confidentiality to the other Party or previously owed any duty of confidentiality to Buyer; (ii) that is required
to be disclosed pursuant to Legal Requirement or an Order, or (iii) that the Seller can reasonably determine is necessary to be
disclosed to a Representative of Seller in order for Seller to perform its covenants and obligations, or to enforce its rights
against Buyer, under this Agreement or any related agreement (and then only to the extent necessary to perform such covenants
and obligations or to enforce such rights). If Seller (including any Representative or Related Person thereof) becomes compelled
by a Legal Requirement or any order to disclose any Confidential Information, Seller will provide Buyer with prompt written notice
of such requirement so that Buyer may seek a protective order or other remedy in respect of such compelled disclosure. If such
a protective order or other remedy is not obtained by or is not available to Buyer, then Seller will be responsible for ensuring
that only the minimum portion of such Confidential Information that is legally required to be disclosed is so disclosed, and Seller
will use all reasonable efforts to obtain assurances that confidential treatment will be given to such Confidential Information.
Seller acknowledge its responsibility to ensure that its Representatives and agents who are given, or now have, access to the
Confidential Information will comply with the terms of this Section 5.5. Seller shall be liable for any Breach of this
Agreement caused by its Representatives and agents.

 

5.6       Injunctive
Relief. The Parties acknowledge and agree that (a) each of the provisions of Sections 5.1, 5.4, 5.5, 5.8, 5.9, 5.10,
5.12 and 5.13 are reasonable and necessary to protect the legitimate business interests of the Parties and their Related Persons,
(b) any violation of any such covenant contained in Sections 5.1, 5.4, 5.5, 5.8, 5.9, 5.10, 5.12 and 5.13 would
result in irreparable injury to the Parties and their Related Persons, the exact amount of which would be difficult, if not impossible,
to ascertain or estimate, and (c) the remedies at law for any such violation would not be reasonable or adequate compensation
to the Parties and their Related Persons for such a violation. Accordingly, notwithstanding any other provision of this Agreement,
if either Party, directly or indirectly, violates any of its covenants or obligations under Sections 5.1, 5.4, 5.5, 5.8, 5.9,
5.10, 5.12 and 5.13 then, in addition to any other remedy which may be available to the other Party or any Related Person
thereof, at law or in equity, the Parties and their Related Persons will be entitled to injunctive relief against the other Party,
without posting bond or other security, and without the necessity of proving actual or threatened injury or damage.

 

5.7       Employees.
Buyer shall, in conjunction with the Company, determine those employees that the Company shall retain after Closing. Any employment
will be at base salary or wage rates determined by Buyer and the Company. The provision of any other compensation or employee
benefits, including, without limitation, bonuses, commissions, health benefits or compensation plans, will be at Buyer’s
and the Company’s discretion, and Buyer shall not assume any Employee Benefit Plan, any benefit plan obligation, or acquire
any benefit plan assets from Seller, the Company or any Related Person thereof.

 

5.8       Public
Announcements. The Parties will keep the existence of this Agreement, the terms and conditions hereof and the Contemplated
Transactions confidential, and the Parties will not, nor will they cause or permit any Related Person or Representative to, make
any public announcement in respect of this Agreement or the Contemplated Transactions without the prior written consent of the
other Party, which consent will not be unreasonably withheld or delayed; provided, however that the foregoing confidentiality
and non-disclosure obligations will not apply to: (1) Buyer if at Closing, if Buyer determines to issue a press release announcing
the fact of the acquisition of the Company or (2) the Parties to the extent that (a) disclosure of such information is reasonably
necessary to consummate the Contemplated Transactions, (b) disclosure of such information is required pursuant to Legal Requirement
(including the Securities Exchange Act of 1934, as amended, and the rules of any national stock exchange or automated dealer quotation
system) or an Order, (c) disclosure of such information is reasonably necessary for the Parties to enforce their rights under
this Agreement, or (d) such information is already in the public domain other than as a result of a breach of this Section
5.8 or 5.5 or any other confidentiality or non-disclosure obligation owed to a Party by any Person (including the other
Party). To the extent that any public announcement of this Agreement, any of the provisions hereof or the Contemplated Transactions
is required of the Parties by Legal Requirement or Order, the Parties will cooperate reasonably with respect to reaching agreement
on the contents and timing of such announcement.

 

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5.9       Use
of Name. Sellers hereby agrees that from and after the Closing Date that Sellers and their Related Persons shall not, directly
or indirectly, use the name “DxT Medical”, “DxT” or any derivation or variation thereof in any manner
unless agreed upon by the Parties.

 

5.10       Pre-Closing
Covenants. The Parties agree as follows with respect to the period between the Effective Date and the Closing or earlier termination
of this Agreement:

 

(a)       Sellers
will not engage, and will not cause or permit the Company, to engage, in any practice, take any action, or enter into any transaction
outside the Ordinary Course of Business with respect to the Assets, including the Properties, the Business or the Company without
Buyer’s express written consent, which consent may be withheld at Buyer’s sole discretion. Neither Sellers nor the
Company will sell, lease, transfer or assign any of the Membership Interests or the Assets and Properties and will not impose
any Liens upon any of the Membership Interests or the Assets, including the Properties. Sellers will not and will not cause or
permit the Company to, without Buyer’s prior consent, cancel, compromise, waive or release any right or claim under, in
or to the Membership Interests or the Assets, including the Properties.

 

(b)       Sellers
will not, and will not cause or permit the Company to, without Buyer’s prior consent, voluntarily incur any obligation or
Liability or enter into any material transaction, contract, capital expenditure or commitment for which Buyer may have responsibility
or Liability after Closing.

 

(c)       Sellers
will, and will cause the Company to, keep the Assets, including the Properties, of the Company substantially intact and will maintain
all of the Assets, including the Properties of the Company in a state of condition that complies with all Legal Requirements and
is consistent with the Ordinary Course of Business of Sellers and the Company.

 

(d)       Sellers
will, and will cause the Company to, comply with all applicable Legal Requirements of each Governmental Body having jurisdiction
over the Company, the Properties, the Assets and the Business.

 

(e)       Sellers
will not, nor will he cause or allow any representative of the Company to, (a) solicit, initiate, or encourage the submission
of any proposal or offer from any Person relating to the acquisition of the Membership Interests or any portion of the Assets,
including the Properties, of the Company (including any acquisition structured as a merger, consolidation, or share exchange)
or (b) participate in any discussions or negotiations regarding, furnish any information with respect to, assist or participate
in, or facilitate in any other manner any effort or attempt by any Person to do or seek any of the foregoing. Sellers will not
vote the equity interests in the Company in favor of any such acquisition. Sellers will notify Buyer immediately if any Person
makes any proposal, offer, inquiry, or contact with respect to any of the foregoing. If Sellers breaches the
terms of this provision, Sellers, in addition to other remedies available to Buyer, will reimburse Buyer for all costs and expenses,
including without limitation, attorney and professional fees, incurred by Buyer and its Representatives in connection with its
due diligence investigation with respect to the Assets, including the Properties, the Business and the Company.

 

(f)       Sellers
will not cause or permit, and will not permit the Company to commit, any waste of the Assets, including the Properties of the
Company.

 

(g)       Sellers
will not, and will not cause or permit the Company to, without the prior consent of Buyer, enter into any compromise or settlement
of any litigation, including any Current Litigation, Proceeding or investigation by and Governmental Body relating to the Company,
the Business, or the Company’ Assets, including the Properties.

 

    -23-

     

    

 

(h)       Sellers
will not, and will not causes or permit the Company to, take any action, or knowingly omit to take any action, that would or would
reasonably be expected to result in (i) any representation or warranty of Sellers set forth in Section 3 and 4 becoming
untrue or (ii) any of the conditions to the obligations of Sellers set forth in this Agreement not being fully satisfied.
Sellers will give prompt written notice to Buyer of any material adverse development causing a Breach of any of the representations
and warranties in Section 3 or 4. No disclosure pursuant to this Section 5.10(h), however, shall be deemed to amend
or supplement the Disclosure Schedule or to prevent or cure any misrepresentation, breach of warranty, or breach of covenant.

 

(i)       Sellers
shall not perform, nor shall it authorize or allow any of his or the Company’s representatives, officers, employees or agents,
to perform, any acts or omissions to manipulate the price of Buyer’s Class A common Stock.

 

The
Parties will do all other acts that may be reasonably necessary or desirable in the opinion of Buyer to consummate the Contemplated
Transactions, all without further consideration.

 

5.11       Termination
of this Agreement. The Parties may terminate this Agreement as provided below:

 

(a)       Buyer
and Sellers may terminate this Agreement by mutual written consent at any time prior to the expiration of the Inspection Date;

 

(b)       Buyer
may terminate this Agreement by giving written notice to Sellers at any time prior to the expiration of the Inspection Period
if Buyer is not satisfied, in its sole discretion, with the results of its continuing business, legal, environmental, and accounting
due diligence regarding the Properties, the Company, the Business or any Governmental Authorization, Permit, Consent, license,
Contract, Company Contract, or any other permit or approval related to any of the foregoing. If such notice is given, this Agreement
and all rights, duties and obligations of Buyer and Sellers hereunder, except any which expressly survive termination, shall terminate.
If such notice is not given, this Agreement and all rights, duties and obligations of Buyer and Sellers hereunder (including
without limitation their respective obligations to close the transaction), shall become fully binding; provided however,
notwithstanding anything to the contrary herein, Buyer shall have no duty or obligation to consummate the Contemplated Transactions
until such time as Sellers have fulfilled all of their obligations set forth in Section 6.1.

 

(c)       Buyer
may terminate this Agreement by giving written notice to Sellers at any time prior to the Closing if Buyer determines that (i)
any Governmental Authorizations, Permit, Consent, Approvals, licenses, Contracts, Company Contracts, or any other permits or approvals
contemplated by this Agreement are not in existence, have not been obtained by the Company, or the Company either do not have
full right, title and interest in and to such Governmental Authorizations, Permits, Consents, Approvals, licenses, Contracts,
Company Contracts, or any other permits or approvals; or such Governmental Authorizations, Permits, Approvals, Consents, licenses,
Contracts, Company Contracts, or any other permits or approvals cannot be transferred to or issued directly to and in the name
of the Company; and/or (ii) such Governmental Authorizations, Permits, Approvals, Consents, licenses, Contracts, Company Contracts,
or any other permits or approvals cannot be issued, conveyed, assigned or transferred to the Company or are not in the form and
substance satisfactory to Buyer in its sole discretion.

 

(d)       Buyer
may terminate this Agreement by giving written notice to Sellers at any time prior to the Closing (i) in the event Sellers have
Breached any representation, warranty, or covenant contained in this Agreement in any respect, Buyer has notified Sellers of the
Breach, and the Breach has continued without cure for a period of ten (10) days after the notice of Breach; and

 

(e)       Sellers
may terminate this Agreement by giving written notice to Buyer at any time prior to the Closing (i) in the event Buyer has Breached
any representation, warranty, or covenant contained in this Agreement in any respect, Sellers have notified Buyer of the Breach,
and the Breach has continued without cure for a period of ten (10) days after the notice of Breach.

 

If
any Party terminates this Agreement pursuant to this Section 5.11, all rights and obligations of the Parties hereunder
shall terminate without any Liability of any Party to any other Party (except for any Liability of any Party then in Breach).

 

    -24-

     

    

 

5.12       Seller
Releases. Save and except for any rights of Sellers under this Agreement, effective as of the Closing Date, Sellers, for themselves,
and their Related Persons and each of their respective members, managers, officers, directors, employees, successors, assigns,
agents and Representatives (collectively, the “Seller Releasing Parties”), hereby finally, unconditionally,
irrevocably and absolutely fully releases, acquits, remises and forever discharges the Company and Buyer and any of their Related
Persons, and their respective officers, directors, members, managers, employees, parent Company, subsidiaries, predecessors, successors,
assigns, agents and Representatives, from any and all actions, suits, debts, sums of money, interest owed, accounts, contribution
obligations, reckonings, bonds, bills, covenants, controversies, agreements, guaranties, promises, undertakings, variances, trespasses,
credit memoranda, charges, damages, judgments, executions, obligations, costs, expenses, fees (including attorneys’ fees
and court costs), counterclaims, claims, demands, causes of action and Liabilities (the “Seller Claims”) existing
as of the Closing Date accruing to Sellers and the Seller Releasing Parties in any capacity whatsoever, including but not limited
to: (i) all of Sellers’ and Seller Releasing Parties’ capacities with the Company; (ii) arising under or by virtue
of the Organizational Documents or the Company Document; (iii) relating to or resulting from the negotiation, preparation, and
consummation of this Agreement and the Contemplated Transactions; or (iv) the valuation of the Membership Interests or determination
of the Purchase Price. Sellers hereby finally, unconditionally, irrevocably and absolutely waives any and all offsets and defenses,
in each case related to any action, inaction, event, circumstance or occurrence occurring or alleged to have occurred on or prior
to the Closing Date with respect to such Seller Claims, whether known or unknown, absolute or contingent, matured or unmatured,
foreseeable or unforeseeable, presently existing or hereafter discovered, at law, in equity or otherwise, whether arising by statute,
common law, in contract, in tort or otherwise, that Sellers and the Seller Releasing Parties may now have or that might subsequently
accrue to any of them, including without limitation those against any current or former officer, director, manager, member, partner,
employee, agent or Representative of the Company or any of its Related Persons or by reason of being an employee, member, manager,
officer and/or director of the Company or its Related Persons.

 

This
Section 5.12 shall survive Closing and any termination or expiration of this Agreement.

 

5.13       Sellers
agree and acknowledge that the Purchase Price Shares may not be sold or transferred unless  (i) such shares are sold pursuant
to an effective registration statement under the Securities Act, or (ii) the Purchaser or its transfer agent shall have been furnished
with an opinion of  counsel (which opinion shall be in form, substance and scope customary for opinions of counsel in comparable
transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption from
such registration or (iii) such shares are sold or transferred pursuant to Rule 144 under the Securities Act (or a successor
rule) (“Rule 144”) or (iv) such shares are transferred to an “affiliate” (as defined in Rule 144) of the
Sellers who agree to sell or otherwise transfer the shares only in accordance with this Section 5.13 and who is an Accredited
Investor (as defined in the Securities Act).  Until such time as the shares of class A common stock of Purchaser underlying
the Purchase Price Shares have been registered under the Securities Act or otherwise may be sold pursuant to Rule 144 without
any restriction as to the number of securities as of a particular date that can then be immediately sold, each certificate for
shares of class A common stock of Purchaser that has not been so included in an effective registration statement or that has not
been sold pursuant to an effective registration statement or an exemption that permits removal of the legend, shall bear a legend
substantially in the following form, as appropriate:

 

“NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS.  THE SECURITIES MAY
NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A UNDER SAID ACT.  NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

    -25-

     

    

 

Section
6

CONDITIONS TO OBLIGATION TO CLOSE

 

6.1       Conditions
to Obligation of Buyer to Close. The obligation of Buyer to consummate the transactions to be performed by it in connection
with the Closing is subject to satisfaction of the following conditions:

 

(a)       The
representations and warranties of Sellers set forth in Sections 3 and 4 shall be true and correct in all material
respects at and as of the Closing Date, except to the extent that such representations and warranties are qualified by terms such
as “material” and “Material Adverse Effect,” in which case such representations and warranties shall be
true and correct in all respects at and as of the Closing Date. Each Seller shall have executed and delivered to Buyer a certificate
dated as of the Closing Date that all such representations and warranties made by them are true and correct in all respects as
of the Closing Date. Without limiting generality of the forgoing, all of the Assets, including all Tangible Personal Property,
shall be in the same condition, use, operation and repair as of the date of any inspection by Buyer of such Assets and Tangible
Personal Property, normal wear and tear excepted;

 

(b)       Sellers
shall have performed and complied with all of their covenants hereunder in all material respects through the Closing;

 

(c)       The
Company and/or Sellers shall have procured all of the third-party consents specified in Schedule 3.1(c) and 4.3(b) and 4.16(v);

 

(d)       No
action, suit, or proceeding shall be pending or threatened before any court or quasi-judicial or administrative agency of any
federal, state, local, or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree,
ruling, or charge would (i) prevent consummation of any of the transactions contemplated by this Agreement, (ii) cause any of
the transactions contemplated by this Agreement to be rescinded following consummation, (iii) affect adversely the right of Buyer
to own the Membership Interests and to control the Company, or (iv) affect adversely the right of the Company to own their Assets,
including the Properties, and to operate their Business (and no such injunction, judgment, order, decree, ruling, or charge shall
be in effect);

 

(e)       There
has not been made or threatened by any Person a claim asserting that such Person (i) is the holder of record or the beneficial
owner of, or has the right to acquire or to obtain beneficial ownership of, any Membership Interests or other interest of the
Company, or any other voting, equity or ownership interest, in or to the Company, (ii) is entitled to all or any portion of the
Purchase Price payable for the Membership Interests as contemplated by this Agreement or (iii) is entitled to acquire any of the
Assets, including the Properties, of the Company;

 

    -26-

     

    

 

(f)       The
Company shall have received, acquired and obtained the all nonappealable and unrestricted Governmental Authorizations, Consents,
Permits, Approvals, licenses, and other permits and approvals, and all pending applications therefor or renewals thereof, required
or necessary for the ownership, construction, development and operation of Business on the Properties by the Company and Buyer,
and all permits issued by the State of South Carolina, and Greenville City/County, South Carolina, for the ownership, operation,
development and construction of the Business on the Properties, such Consents, licenses, Governmental Authorizations, permits
and approvals to be in accordance with all Legal Requirements and satisfactory to Buyer in its sole discretion, with respect to
operating conditions, and any other restrictions or requirements;

 

(g)       Sellers
shall have caused the Company to terminate, without Liability to such Company or Buyer, all Excluded Contracts, or assign all
Excluded Contracts to Sellers or any third party; and

 

(h)       On
or before the Closing, Sellers shall file for and obtain in the name of the applicable Company all the necessary Governmental
Authorizations from any Governmental Body (collectively the “Approvals”) having jurisdiction over the Properties,
or the Business, in order for the Permits to be issued to the Company. Sellers covenant to use good faith and due diligence to
actively pursue the Approvals. Sellers shall execute any additional agent authorization documentation and any other document,
instrument or certificate specifically required by any Governmental Body to permit the Company to obtain the Permits and Approvals;

 

(i)       Sellers
shall have delivered to Buyer a certificate to the effect that each of the conditions specified above in Section 6.1(a)-(h)
is satisfied in all respects;

 

(j)       Sellers
shall have delivered to Buyer a Closing Statement and accompanying loan payoff statements showing any and all Retained Liabilities
of the Company which such Retained Liabilities shall be paid and satisfied at or before Closing in accordance with Section
2.4 (the “Closing Statement”), and shall have delivered to Buyer the list of all current Accounts Receivables
as contemplated by Section 4.11(c);

 

(k)       Buyer
shall have received the resignations, effective as of the Closing, of each officer, director, employee, independent contractor,
manager or member of the Company other than those whom Buyer shall have specified in writing on or prior to Closing, Buyer shall
have received from each such employee, independent contractor, officer, directors, manager or member a release of the Company
and Buyer in the form substantially the same as the release provided by the Sellers in Section 5.12;

 

(l)       Sellers
and Robert M. Dunn, Jr. shall have executed and delivered to Buyer a non-competition, non-solicitation, and confidentiality agreement
that, among other things, prevents Sellers, Robert M. Dunn, Jr. and their Related Persons from competing with the Buyer and the
Company or the Business of the Company and the business of Buyer within a 100 mile radius of each of the Properties for a period
of three (3) years following the Closing Date, substantially in the form attached hereto as Schedule 6.1(l) (the
“Restrictive Covenants Agreement”);

 

(m)       If
applicable, Sellers shall have delivered to Buyer a non-foreign affidavit dated as of the Closing Date, sworn under penalty of
perjury and in form and substance required under the Treasury Regulations issued pursuant to Code Section 1445, stating that each
Seller is not a “Foreign Person” as defined in Code Section 1445 (the “FIRPTA Affidavit”);

 

(n)       Sellers
shall have delivered to Buyer (i) a copy of the articles of organization of the Company certified on or soon before the Closing
Date by the Secretary of State (or comparable officer) of the jurisdiction of organization of the Company, (ii) a certificate
of good standing for the Company issued on or soon before the Closing Date by the Secretary of State (or comparable officer) of
the jurisdiction of organization of the Company and of each jurisdiction in which the Company is qualified to do business, (iii)
the minute books and all corporate records of the Company and (iv) all other Organizational Documents;

 

(o)       Sellers
shall have delivered to Buyer a certificate of the secretary or an assistant secretary of the Company, dated the Closing Date,
in form and substance reasonably satisfactory to Buyer, certifying as to (i) no amendments to the articles of organization or
other Organizational Documents of the Company since Effective Date; and (ii) any resolutions of the members of the Company relating
to this Agreement and the Contemplated Transactions;

 

    -27-

     

    

 

(p)       Parent
shall have executed an Employment Agreement with Powell substantially in the form of attached hereto as Schedule 6.1(p)(i)
and Employment Agreements with such other key employees the Company of Parent’s choosing substantially in the form
attached hereto as Schedule 6.1(p)(ii);

 

(q)       The
Company and Synergy Group shall have executed and delivered a Lease Agreement substantially in the form attached hereto as Schedule
6.1(q) for the lease by the Company of the premises located at 127 W. Antrim Drive, Greenville, South Carolina 29607;

 

(r)       all
actions to be taken by Sellers in connection with Contemplated Transactions and all certificates, opinions, instruments, and other
documents required to effect the Contemplated Transaction shall be reasonably satisfactory in form and substance to Buyer.

 

Buyer
may waive any condition specified in this Section 6.1 if it executes a writing so stating at or prior to the Closing.

 

6.2       Conditions
to Obligation of Sellers to Close. The obligation of Sellers to consummate the transactions to be performed by them in connection
with the Closing is subject to satisfaction of the following conditions:

 

(a)       the
representations and warranties of Buyer set forth in Section 3.2 shall be true and correct in all material respects at
and as of the Closing Date, except to the extent that such representations and warranties are qualified by terms such as “material”
and “Material Adverse Effect,” in which case such representations and warranties shall be true and correct in all
respects at and as of the Closing Date;

 

(b)       Buyer
shall have performed and complied with all of its covenants hereunder in all material respects through the Closing, except to
the extent that such covenants are qualified by terms such as “material” and “Material Adverse Effect,”
in which case Buyer shall have performed and complied with all of such covenants in all respects through the Closing;

 

(c)       no
action, suit, or proceeding shall be pending before any court or quasi-judicial or administrative agency of any federal, state,
local, or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree, ruling, or
charge would (i) prevent consummation of any of the transactions contemplated by this Agreement or (ii) cause any of the transactions
contemplated by this Agreement to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling,
or charge shall be in effect);

 

(d)       Buyer
shall have delivered to Sellers a certificate to the effect that each of the conditions specified above in Section 6.2(a)-(c)
is satisfied in all respects;

 

(e)       Buyer
shall have executed and delivered the Restrictive Covenants Agreement; and

 

(f)       all
actions to be taken by Buyer in connection with consummation of the Contemplated Transactions and all certificates, opinions,
instruments, and other documents required to effect the Contemplated Transactions will be reasonably satisfactory in form and
substance to Sellers.

 

Sellers
may waive any condition specified in this Section 6.2 if Sellers execute a writing so stating at or prior to the Closing.

 

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Section
7

INDEMNIFICATION

 

7.1       Survival.
Subject to the provisions of this Section 7, all representations, warranties, covenants and obligations of the Parties
contained in this Agreement and in the agreements, instruments and other documents delivered pursuant to this Agreement will survive
the Closing and the consummation of the Contemplated Transactions.

 

7.2       Indemnification
by Buyer. Each of Parent and Buyer hereby covenants and agrees that, to the fullest extent permitted by Legal Requirement,
it will defend, indemnify and hold harmless Seller and its Related Persons and Representatives, and their respective officers,
directors, members, managers, employees, agents, and Representatives, and all successors and assigns of the foregoing (collectively,
the “Seller Indemnified Persons”), for, from and against any Adverse Consequences, arising from or in connection
with:

 

(a)       any
Breach of any representation or warranty made by Buyer (i) in this Agreement, (ii) the Schedules, (iii) the certificates delivered
pursuant to this Agreement, or (iv) any other document, writing or instrument delivered by Buyer pursuant to this Agreement;

 

(b)       any
Breach of any covenant, obligation or agreement of Buyer in this Agreement or in any related agreement; or

 

(c)       any
claim by any Person for any brokerage or finder’s fee, commission or similar payment based upon any agreement or understanding
made, or alleged to have been made, by any Person with Buyer in connection with this Agreement or any of the Contemplated Transactions.

 

7.3       Indemnification
by Sellers.

 

(a)       Each
Seller, severally, hereby covenants and agrees that, to the fullest extent permitted by Legal Requirement, such Seller will defend,
indemnify and hold harmless Buyer, and its Related Persons and Representatives, and their respective officers, directors, members,
managers, employees, agents, and Representatives, and all successors and assigns of the foregoing (collectively, the “Buyer
Indemnified Persons”), for, from and against any Adverse Consequences arising from or in connection with:

 

(i)       any
Breach of any representation or warranty made by such Seller in (A) this Agreement, (B) the Schedules, (C) the certificates delivered
pursuant to this Agreement, (D) any transfer instrument or (E) any other certificate, document, writing or instrument delivered
by such Seller pursuant to this Agreement;

 

(ii)       any
Breach of any covenant, obligation or agreement of such Seller in this Agreement or in any other certificate, document, writing
or instrument delivered by such Seller pursuant to this Agreement;

 

(iii)       any
Liability of the Company based on facts, events or circumstances occurring before the Closing Date, or arising out of or in connection
with the ownership and operation of the Company and the Assets and Business prior to the Closing, or facts and circumstances relating
specifically to the Company and the Business existing at or prior to the Closing, respectively, whether or not such Liabilities
or claims were known or unknown, absolute, accrued or contingent, on such date;

 

(iv)       all
Current Seller Liabilities and any Liability or Indebtedness of the Company not reflected on Schedule 2.4 or the
Closing Statement;

 

(v)       all
Retained Liabilities;

 

(vi)       all
Current Litigation Matters;

 

(vii)       any
Liability of the Company to Sellers or any Related Person of Sellers;

 

(viii)       any
Liability of the Company resulting from, caused by, or arising in connection with the termination or assignment of any Excluded
Contract; and

 

    -29-

     

    

 

(ix)       any
claim by any Person for any brokerage or finder’s fee, commission or similar payment based upon any agreement or understanding
alleged to have been made by such Person with any Seller in connection with this Agreement or any of the Contemplated Transactions.

 

(b)       In
addition to its indemnification obligations under Section 7.3(a), Seller hereby covenants and agrees that, to the fullest
extent permitted by Legal Requirement, they will defend, indemnify and hold harmless the Buyer Indemnified Persons for, from and
against any Adverse Consequences (including costs of cleanup, containment or other Remedial Action) arising out of acts or neglect
occurring or conditions existing at or before Closing from or in connection with:

 

(i)       any
Environmental, Health and Safety Liabilities arising out of or relating to (A) the conduct of any activity by Seller, the Company,
or their Related Persons, or any employee, contractor, agent or Representative thereof, or relating to the Business and Assets,
including the Properties, of the Company; (B) the ownership or operation by any Person at any time on or prior to the Closing
Date of any of the Assets, including the Properties, or the Business of the Company, or (C) any Hazardous Materials or other contaminants
that were present on the Properties or Assets at any time on or prior to the Closing Date; or

 

(ii)       any
bodily injury (including illness, disability or death, regardless of when such bodily injury occurred, was incurred or manifested
itself), personal injury, property damage (including trespass, nuisance, wrongful eviction and deprivation of the use of real
property) or other damage of or to any Person or any Asset, including the Properties, in any way arising from or allegedly arising
from (A) any Hazardous Activity conducted by Seller, the Company or their Related Persons or any employee, contractor, agent or
Representative thereof, or any other Person, with respect to the Business or the Assets, including the Properties; or (B) from
any Hazardous Material that was (1) present or suspected to be present on or before the Closing Date on or at the Properties (or
present or suspected to be present on any other property, if such Hazardous Material emanated or allegedly emanated from any Property
and was present or suspected to be present on any Property, on or prior to the Closing Date) or (2) Released or allegedly Released
by Seller, the Company or their Related Persons, or any Person, on or at any of the Properties or Assets at any time on or prior
to the Closing Date.

 

Buyer,
either directly or through the Company, will be entitled to control any Remedial Action, any Proceeding relating to a claim that
any Environmental Law has been violated and any other Proceeding with respect to which indemnity may be sought under this Section
7.3(b).

 

7.4       Limitations.

 

(a)       For
purposes of this Agreement, a Buyer Indemnified Person may only assert a claim for indemnification under Section 7 during
the applicable period of time (the “Buyer Claims Period”) specified as follows:

 

(i)       with
respect to any claim arising out of (A) the Breach by such Seller of any representation, warranty, covenant or agreement contained
in this Agreement or in any other agreement or instrument executed and delivered by any such Seller pursuant hereto relating to
(1) such Seller’s authority or ability to enter into this Agreement, any related agreement and to consummate the Contemplated
Transactions, (2) such Seller’s title to the Membership Interests of the Company being sold by it pursuant hereto and its
ability to transfer the same to Buyer free and clear of all Liens, (3) the Company’ title to the Assets and Properties owned
by such Company free and clear of all Liens, or (4) any Tax-related matter, (B) fraud, willful misrepresentation or willful misconduct,
(C) any Current Seller Liability or Retained Liability, (D) any Liability for any Current Litigation Matter or any Liability that
is not included on Schedule 2.4 or the Closing Statement, or (E) any indemnification clam made under Section
7.3(b) or pursuant to a Breach by such Seller of the representations and warranties set forth in Section 4.25, the
Buyer Claims Period will commence on the date of this Agreement and continue until the date that is six (6) years after the Closing
Date; and

 

    -30-

     

    

 

(ii)       with
respect to any other indemnification claim made under Section 7.3 the Buyer Claims Period will commence on the date of
this Agreement and continue until the date that is two (2) years after the Closing Date;

 

provided,
however, that with respect to any such indemnification claim regarding the Breach by Seller of any obligation hereunder
or under any related agreement that is intended to survive and continue after the Closing, the Buyer Claims Period will continue
for as long as such obligation is outstanding.

 

(b)       For
purposes of this Agreement, a Seller Indemnified Person may only assert a claim for indemnification under Section 7.2 during
the applicable period of time (the “Seller Claims Period”) commencing on the date of this Agreement and continuing
until the date that is six (6) years after the Closing Date; provided, however, that with respect to any such indemnification
claim regarding the Breach by Buyer of any obligation hereunder or under any related agreement that is intended to survive and
continue after the Closing, the Seller Claims Period will continue for as long as such obligation is outstanding.

 

Notwithstanding
anything to the contrary in this Section 7.4, if before 5:00 p.m. (eastern time) on the last day of the applicable Buyer
Claims Period or Seller Claims Period, any Party against which an indemnification claim has been made hereunder has been properly
notified in writing of such claim for indemnity hereunder and the basis thereof, including with reasonable supporting details
for such claim (to the extent then known), and such claim has not been finally resolved or disposed of as of such date, then such
claim will continue to survive and will remain a basis for indemnity hereunder until such claim is finally resolved or disposed
of in accordance with the terms of this Agreement.

 

(c)       
Sellers shall not have any liability for Adverse Consequences: (i) unless and until all claims for Adverse Consequences made by
the Buyer Indemnified Persons aggregate at least Five Thousand Dollars ($5,000) (the “Basket”), in which case
the Buyer Indemnified Persons shall be eligible for indemnification for Adverse Consequences in excess of the Basket, or (ii)
or (ii) with respect to breaches of representations and warranties that are not subject to the six (6) year claim period under
Section 7.4(a)(i), which in the aggregate exceed One Hundred Thousand Dollars ($100,000) (the “Rep Cap”). In
the case of any and all claims for Adverse Consequences under Section 7.3, in no event shall the aggregate liability of a Seller
for all such Adverse Consequences exceed the portion of the Deemed Aggregate Value allocated and issued to such Seller. A Seller
may satisfy his or its indemnification obligations, in whole or in part, by surrendering to the Purchaser one or more Purchase
Price Shares, which shall be valued at the Deemed Value Per Share (subject to appropriate adjustment for any stock split, stock
dividend, reclassification or combination after the Closing) for purposes of indemnification.

 

Because
Buyer is wholly-owned by Parent, Buyer’s and Parent’s indemnification obligations are joint and several. The several
nature of the Sellers’ indemnification obligations means that Powell will owe 85.7143% and Corral will owe 14.2857% (reflecting
their respective pre-Closing ownership percentages in the Company) of the amount of any indemnification amount owed by the Sellers
pursuant to this Section 7 (for the avoidance of doubt, subject to the Basket, Rep Cap and time limitations and other provisions
of this Section 7), except that the applicable Seller shall be responsible for 100% of (and the non-responsible Seller shall not
be responsible for) any indemnification owed under Section 7.3(a)(i) in respect of a Breach of representations or warranties with
respect to such Seller in Section 3.1 or owed under Section 7.3(a)(ii) in respect of a Breach of any covenant, obligation or agreement
by such Seller. Under no circumstances shall Powell have aggregate indemnification obligations in excess of $396,000.00 (which
amount is equal to Powell’s ownership percentage of the Deemed Aggregate Value) and under no circumstances shall Corral
have aggregate indemnification obligations in excess of $66,000.00 (which amount is equal to Corral’s ownership percentage
of the Deemed Aggregate Value).

 

7.5       Payment
of Claims. A claim for indemnification may be asserted by written notice to the Party from whom indemnification is sought
and will be paid promptly after such notice, together with satisfactory proof of Adverse Consequences or other documents evidencing
the basis of the Adverse Consequences sought, are received.

 

    -31-

     

    

 

7.6       Third-Party
Claims.

 

(a)       No
later than ten (10) Business Days after receipt by a Person entitled to indemnity under Section 7.2 or 7.3 or 2.4
(an “Indemnified Person”) of notice of the assertion of a Third-Party Claim against it, such Indemnified
Person shall give notice to the Person obligated to indemnify under such section (an “Indemnifying Person”)
of the assertion of such Third-Party Claim and a copy of any writing by which, such Third-Party assertion is made. The failure
to notify the Indemnifying Person will relieve the Indemnifying Person of any liability that it may have to any Indemnified Person
to the extent that the Indemnifying Person demonstrates that the defense of such Third-Party Claim is materially prejudiced by
the Indemnified Person’s failure to give such notice.

 

(b)       If
an Indemnified Person gives notice to the Indemnifying Person pursuant to Section 7.6(a) of the assertion of a Third-Party
Claim, the Indemnifying Person shall be entitled to participate in the defense of such Third-Party Claim and, to the extent that
it wishes (unless (i) the Indemnifying Person is also a Person against whom the Third-Party Claim is made and the Indemnified
Person determines in good faith that joint representation would be inappropriate or (ii) the Indemnifying Person fails to provide
reasonable assurance to the Indemnified Person of its financial capacity to defend such Third-Party Claim and provide indemnification
with respect to such Third-Party Claim), to assume the defense of such Third-Party Claim with counsel reasonably satisfactory
to the Indemnified Person (provided, such counsel has appropriate experience in the subject matter relating to the claim).
After notice from the Indemnifying Person to the Indemnified Person of its election to assume the defense of such Third-Party
Claim, the Indemnifying Person shall not, so long as it diligently conducts such defense, be liable to the Indemnified Person
under this Section 7.6(b) for any fees of other counsel or any other expenses with respect to the defense of such Third-Party
Claim, in each case subsequently incurred by the Indemnified Person in connection with the defense of such Third-Party Claim,
other than reasonable costs of investigation. If the Indemnifying Person assumes the defense of a Third-Party Claim, (i) such
assumption will conclusively establish for purposes of this Agreement that the claims made in that Third-Party Claim are within
the scope of and subject to indemnification, and (ii) no compromise or settlement of such Third-Party Claims may be effected by
the Indemnifying Person without the Indemnified Person’s Consent unless: (A) there is no finding or admission of any violation
of Legal Requirement or any violation of the rights of any Person; (B) the sole relief provided is monetary damages that are paid
in full by the Indemnifying Person; and (C) the Indemnified Person shall have no liability with respect to any compromise or settlement
of such Third-Party Claims effected without its Consent. If notice is given to an Indemnifying Person of the assertion of any
Third-Party Claim and the Indemnifying Person does not, within ten (10) days after the Indemnified Person’s notice is given,
give notice to the Indemnified Person of its election to assume the defense of such Third-Party Claim, the Indemnifying Person
will be bound by any determination made in such Third-Party Claim or any compromise or settlement effected by the Indemnified
Person.

 

(c)       Notwithstanding
the foregoing, if an Indemnified Person determines in good faith that there is a reasonable probability that a Third-Party Claim
may adversely affect it or its Related Persons other than as a result of monetary damages for which it would be entitled to indemnification
under this Agreement, the Indemnified Person may, by notice to the Indemnifying Person, assume the exclusive right to defend,
compromise or settle such Third-Party Claim, but the Indemnifying Person will not be bound by any determination of any Third-Party
Claim so defended for the purposes of this Agreement or any compromise or settlement effected without its Consent (which may not
be unreasonably withheld).

 

(d)       Seller
hereby consents to the nonexclusive jurisdiction of any court in which a Proceeding in respect of a Third-Party Claim is brought
against any Buyer Indemnified Person for purposes of any claim that a Buyer Indemnified Person may have under this Agreement with
respect to such Proceeding or the matters alleged therein and agree that process may be served on Seller with respect to such
a claim anywhere in the world.

 

(e)       With
respect to any Third-Party Claim subject to indemnification under this Section 7 and Section 2.4: (i) both the Indemnified
Person and the Indemnifying Person, as the case may be, shall keep the other Person fully informed of the status of such Third-Party
Claim and any related Proceedings at all stages thereof where such Person is not represented by its own counsel; and (ii) the
parties agree (each at its own expense) to render to each other such assistance as they may reasonably require of each other and
to cooperate in good faith with each other in order to ensure the proper and adequate defense of any Third-Party Claim.

 

    -32-

     

    

 

(f)       With
respect to any Third-Party Claim subject to indemnification under this Section 7 and Section 2.4, the parties agree
to cooperate in such a manner as to preserve in full (to the extent possible) the confidentiality of all Confidential Information
and the attorney-client and work-product privileges. In connection therewith, each party agrees that: (i) it will use its best
efforts, in respect of any Third-Party Claim in which it has assumed or participated in the defense, to avoid production of Confidential
Information (consistent with applicable law and rules of procedure); and (ii) all communications between any party hereto and
counsel responsible for or participating in the defense of any Third-Party Claim shall, to the extent possible, be made so as
to preserve any applicable attorney-client or work-product privilege

 

7.7
This Section intentionally omitted.

 

7.8       Exclusive
Remedies. The parties hereto (and, by their acceptance of the benefits under this Agreement, each of the Seller Indemnified
Persons and the Buyer Indemnified Persons) hereby agree that, other than a claim for Adverse Consequences arising from (i) fraud
and intentional misrepresentation against any party that committed such fraud or (ii) any breaches of any non-competition, non-solicitation,
and confidentiality agreement, employment agreement, or equity grant agreement with Buyer or Parent or other claims related to
employment after the Closing, their sole and exclusive remedy after the Closing Date with respect to any and all Adverse Consequences
arising out of, resulting from or relating to any or all of this Agreement, any Ancillary Agreements or the transactions contemplated
hereby or by this Agreement (other than with respect to any breaches of any non-competition, non-solicitation, and confidentiality
agreement, employment agreement, or equity grant agreement with Buyer or Parent or other claims related to employment after the
Closing) shall be pursuant to the indemnification provisions set forth in this Section 7. Accordingly, Parent and Buyer, on behalf
of themselves and the other Buyer Indemnified Persons, acknowledge and agree that they may not bring any claim against any Seller,
or any of their respective Representatives, other than an indemnification claim against the Sellers in accordance with this Section
7, with respect to any and all Adverse Consequences arising out of, resulting from or relating to this Agreement, any Ancillary
Agreement or the transactions contemplated by this Agreement (other than with respect to (i) fraud and intentional misrepresentation
against any party that committed such fraud or (ii) any breaches of any non-competition, non-solicitation, and confidentiality
agreement, employment agreement, or equity grant agreement with Buyer or Parent or other claims related to employment after the
Closing). “Ancillary Agreements” means the (A) Schedules, (B) the certificates delivered pursuant to this Agreement,
(C) any transfer instrument or (D) any other certificate, document, writing or instrument delivered pursuant to this Agreement.

 

Section
8

TAX MATTERS

 

The
following provisions shall govern the allocation of responsibility as between Buyer and Seller for certain tax matters following
the Closing Date: 

 

8.1       Tax
Indemnification. Sellers shall indemnify the Company, Buyer, and each Related Person of Buyer and hold them harmless from
and against, without duplication, any loss, claim, liability, expense, or other damage attributable to (a) all Taxes (or the non-payment
thereof) of the Company for all Taxable periods ending on or before the Closing Date and the portion through the end of the Closing
Date for any Taxable period that includes (but does not end on) the Closing Date (“Pre-Closing Tax Period“),
and (b) any and all Taxes of any Person (other than the Company) imposed on the Company as a transferee or successor, by contract
or pursuant to any law, rule, or regulation, which Taxes relate to an event or transaction occurring before the Closing. Sellers
shall reimburse Buyer for any Taxes of the Company which are the responsibility of such Seller or the Company pursuant to this
Section 8.1 within fifteen (15) business days after payment of such Taxes by Buyer or the applicable Company. Buyer shall
indemnify such Seller and hold it him harmless from and against any loss, claim, liability, expense or other
damage attributable to Buyer’s failure to timely file complete and accurate Tax Returns pursuant to Section 8.3, except
that Buyer shall pay all employment and withholding taxes with respect to the period from and after September 5, 2017.

 

    -33-

     

    

 

8.2       Straddle
Period. In the case of any Taxable period that includes (but does not end on) the Closing Date (a “Straddle Period”),
the amount of any Taxes based on or measured by income or receipts of the applicable Company for the Pre-Closing Tax Period shall
be determined based on an interim closing of the books as of the close of business on the Closing Date and the amount of other
Taxes of the applicable Company for a Straddle Period which relate to the Pre-Closing Tax Period shall be deemed to be the amount
of such Tax for the entire Taxable period multiplied by a fraction the numerator of which is the number of days in the Taxable
period ending on the Closing Date and the denominator of which is the number of days in such Straddle Period.

 

8.3       Responsibility
for Filing Tax Returns. Sellers shall prepare or cause to be prepared at Sellers’ cost and file or
cause to be filed the income Tax Returns related to the Pre-Closing Period, but shall provide a copy of such return to Buyer at
least ten (10) days prior to the filing deadline and give Buyer an opportunity to provide comments with respect to such Tax Returns.
Buyer shall prepare or caused to be prepared at Buyer’s cost and file or caused to be filed all other Tax Returns for the Company
which are filed after the Closing Date.

 

8.4       Cooperation
on Tax Matters.

 

(a)       Buyer
and its Related Persons and Seller and its Related Persons shall cooperate fully, as and to the extent reasonably requested by
the other Party, in connection with the filing of Tax Returns pursuant to Section 8.3 and any audit, litigation or other
proceeding with respect to Taxes. Such cooperation shall include the retention and (upon the other Party’s request) the
provision of records and information which are reasonably relevant to any such audit, litigation or other proceeding and making
employees available on a mutually convenient basis to provide additional information and explanation of any material provided
hereunder. Buyer (and Buyer shall cause the Company), and Seller agrees (i) to retain all books and records with respect to Tax
matters pertinent to the Company relating to any taxable period beginning before the Closing Date until the expiration of the
statute of limitations (and, to the extent notified by Buyer or Seller, any extensions thereof) of the respective taxable periods,
and to abide by all record retention agreements entered into with any taxing authority, and (ii) to give the other Party reasonable
written notice prior to transferring, destroying or discarding any such books and records and, if the other Party so requests,
Seller and Buyer shall cause the Company to, as the case may be, shall allow the other Party to take possession of such books
and records.

 

(b)       Buyer
and Seller further agree, upon request, to use their best efforts to obtain any certificate or other document from any governmental
authority or any other Person as may be necessary to mitigate, reduce or eliminate any Tax that could be imposed (including, but
not limited to, with respect to the transactions contemplated hereby).

 

(c)       Buyer
and Seller further agree, upon request, to provide the other party with all information that either party may be required to report
pursuant to Code Section 6043 and all Treasury Regulations promulgated thereunder.

 

(d)       The
parties hereto agree that the issuance of the Purchase Price Shares in exchange for the membership interest in the Company constitutes
a tax-free exchange under Code Section 368 and shall file all tax returns accordingly and shall not tax any contrary position
in any Tax return or Tax Proceeding.

 

8.5       Tax
Sharing Agreements. All Tax sharing agreements or similar agreements with respect to or involving the Company shall be terminated
as of the Closing Date and, after the Closing Date, the Company shall not be bound thereby or have any liability or right to any
benefit thereunder with respect to any period.

 

    -34-

     

    

 

8.6       Certain
Taxes and Fees. Except as otherwise provided in this Agreement, all transfer, documentary, sales, use, stamp, registration
and other such Taxes, and all conveyance fees, recording charges and other fees and charges (including any penalties and interest)
incurred in connection with consummation of the transactions contemplated by this Agreement shall be paid shared by the Buyer
and the Sellers and paid when due, and Sellers will, at Sellers own expense file all necessary Tax Returns and other documentation
to be filed by the Sellers with respect to all such Taxes, fees and charges, and, if required by applicable law, Buyer will, and
will cause its Related Persons to, join in the execution of any such Tax Returns and other documentation.

 

8.7       Refunds
and Tax Benefits. Any Tax refunds that are received by Buyer or the Company, and any amounts credited against Tax to which
the Buyer or the Company become entitled, that relate to Pre-Closing Tax Periods shall be for the account of the Sellers, and,
so long as no default or deficiency is then due from Sellers to Buyer under Section 7 and Section 8, Buyer shall
pay over to Sellers any such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto.

 

8.8       Transaction
Related Taxes. All local, state and federal taxes due or becoming due as a result of the transactions contemplated hereby
shall be paid by Sellers.

 

Section
9

MISCELLANEOUS

 

9.1       Expenses.
Each of Buyer and Sellers will bear their own costs and expenses (including legal fees and expenses) incurred in connection with
this Agreement and the Contemplated Transaction, and Sellers shall also bear the costs and expenses of the Company (including
all of their legal fees and expenses) in connection with this Agreement and the Contemplated Transactions. Sellers shall also
bear the costs and expenses incurred solely in connection with the transfer of the Membership Interests to Buyer, if any. Sellers
shall be responsible for all federal and state income or similar taxes imposed on Sellers as a result of the Contemplated Transaction
hereby.

 

9.2       Notices.
All notices, requests, demands, claims and other communications permitted or required to be given hereunder must be in writing
and will be deemed duly given and received (i) if personally delivered, when so delivered, (ii) if mailed, three (3)
Business Days after having been sent by registered or certified mail, return receipt requested, postage prepaid and addressed
to the intended recipient as set forth below, (iii) if sent by electronic facsimile, once transmitted to the fax number specified
below and the appropriate telephonic confirmation is received, provided that a copy of such notice, request, demand, claim or
other communication is promptly thereafter sent in accordance with the provisions of clause (ii) or (iv) hereof, or (iv) if
sent through an overnight delivery service in circumstances to which such service guarantees next day delivery, the Business Day
following being so sent:

 

(a)       To
Buyer:

 

Mobile
Science Technologies, Inc.

One
Glenlake Parkway, NE

Suite
900

Atlanta
Georgia 30328

Attn:
Jeffrey S. Cosman

Email:
jsc@jscosinc.com

Phone:
(724) 799-4305

 

with
a copy (which will not constitute valid delivery to Buyer) to:

 

Richard
J. Dreger, Attorney at Law, P.C.

11660
Alpharetta Highway

Building
700, Suite 730

Roswell,
Georgia 30076

Attn:
Richard J. Dreger, Esq.

Email:
Rick@rdregerlaw.com

Phone:
(678) 566-6901

 

    -35-

     

    

 

(b)       To
Parent:

 

Meridian
Waste Solutions, Inc.

One
Glenlake Parkway, NE

Suite
900

Atlanta
Georgia 30328

Attn:
Jeffrey S. Cosman

Email:
jsc@jscosinc.com

Phone:
(724) 799-4305

 

with
a copy (which will not constitute valid delivery to Buyer) to:

 

Richard
J. Dreger, Attorney at Law, P.C.

11660
Alpharetta Highway

Building
700, Suite 730

Roswell,
Georgia 30076

Attn:
Richard J. Dreger, Esq.

Email:
Rick@rdregerlaw.com

Phone:
(678) 566-6901

 

(c)       To
Sellers:

 

Jeffrey
S. Powell

P.O.
Box 9662

Greenville,
SC 29604

Email:
jpowell@dxtmedical.com

Phone:
864.363.8893

 

with
a copy (which will to constitute valid delivery to Seller) to:

 

Robert
M. Dunn, Jr.

P.O.
Box 9662

Greenville,
SC 29604

Email:
rdunn@dxtmedical.com

Phone:
832.771.0566

 

Corral
Court Capital LLC

13970
Haystack Lane

Milton,
Georgia 30004

Attn:
Jeffrey Scott Kester

Email:
jscottkester@gmail.com

Phone:
(____) _______________

 

With
a copy (which will constitute valid delivery to Seller) to:

 

Taylor
English Duma LLP

1600
Parkwood Circle, Suite 400

Atlanta,
Georgia 30339

Attn:
George C. Gaskin, Esq.

Email:
ggaskin@taylorenglish.com

Phone:
(678) 336-7152

 

    -36-

     

    

 

Either
Party may give any notice, request, demand, claim or other communication hereunder using any other means (including, without limitation,
electronic mail), but no such notice, request, demand, claim or other communication will be deemed to have been duly given or
received unless and until it actually is received by the Party for which it is intended and the notifying Party can provide evidence
of such actual receipt. Either Party may change its address for the receipt of notices, requests, demands, claims and other communications
hereunder by giving the other Party notice of such change in the manner herein set forth.

 

9.3       Waiver;
Remedies Cumulative. The rights and remedies of the Parties are cumulative and not alternative. Neither any failure nor any
delay by any Party in exercising any right, power or privilege under this Agreement or any of the documents referred to in this
Agreement will operate as a waiver of such right, power or privilege, and no single or partial exercise of any such right, power
or privilege will preclude any other or further exercise of such right, power or privilege or the exercise of any other right,
power or privilege. To the maximum extent permitted by Legal Requirement: (a) no claim or right arising out of this Agreement
or any of the documents referred to in this Agreement can be discharged by one Party, in whole or in part, by a waiver or renunciation
of the claim or right unless in writing signed by another Party; (b) no waiver that may be given by a Party will be applicable
except in the specific instance for which it is given; and (c) no notice to or demand on one Party will be deemed to be a waiver
of any obligation of that Party or of the right of the Party giving such notice or demand to take further action without notice
or demand as provided in this Agreement or the documents referred to in this Agreement.

 

9.4       Entire
Agreement and Modification. This Agreement (including the Schedules and Exhibits hereto and the other agreements and instruments
to be executed and delivered by the Parties pursuant hereto) constitutes the entire and final agreement among the Parties with
respect to the subject matter hereof, and supersedes and replaces all prior agreements, understandings, commitments, communications
and representations made among the Parties, whether written or oral, with respect to the subject matter hereof. This Agreement
may not be amended, supplemented, or otherwise modified except by a written agreement executed by the Parties.

 

9.5       Assignments;
Successors; No Third-Party Rights. No Party may assign any of its rights or delegate or cause to be assumed any of its obligations
under this Agreement without the prior written consent of each other Party, except that Buyer may assign any of its rights hereunder
to, and cause all of its obligations hereunder to be assumed by, any Related Person without the consent of Sellers, provided that
Buyer shall remain liable for such obligations. Subject to the preceding sentence, this Agreement will apply to, be binding in
all respects upon and inure to the benefit of the successors and permitted assigns of the Parties. Nothing expressed or referred
to in this Agreement will be construed to give any Person other than the Parties any legal or equitable right, remedy or claim
under or with respect to this Agreement or any provision of this Agreement, except such rights as will inure to a successor or
permitted assignee pursuant to this Section 9.5. Notwithstanding anything to the contrary in this Section 9.5 or
otherwise, Buyer shall at all times have all rights and remedies granted to Buyer pursuant to Section 5.6.

 

9.6       Severability.
If any provision of this Agreement, or the application of any such provision to any Person or circumstance, is held to be unenforceable
or invalid by any Governmental Body or arbitrator or under any Legal Requirement, the Parties will negotiate an equitable adjustment
to the provisions of this Agreement with the view to effecting, to the greatest extent possible, the original purpose, intent
and commercial effect of such provision and of this Agreement. In any event, the invalidity of any provision of this Agreement
or portion of a provision will not affect the validity of any other provision of this Agreement or the remaining portion of the
applicable provision.

 

9.7       Dates
and Times. Dates and times set forth in this Agreement for the performance of the Parties’ respective obligations hereunder
or for the exercise of their rights hereunder will be strictly construed, time being of the essence of this Agreement. All provisions
in this Agreement which specify or provide a method to compute a number of days for the performance, delivery, completion or observance
by any Party of any action, covenant, agreement, obligation or notice hereunder will mean and refer to calendar days, unless otherwise
expressly provided. Except as expressly provided herein, the time for performance of any obligation or taking any action under
this Agreement will be deemed to expire at 5:00 p.m. (eastern time) on the last day of the applicable time period provided for
herein. If the date specified or computed under this Agreement for the performance, delivery, completion or observance of a covenant,
agreement, obligation or notice by any Party, or for the occurrence of any event provided for herein, is a day other than a Business
Day, then the date for such performance, delivery, completion, observance or occurrence will automatically be extended to the
next Business Day following such date.

 

    -37-

     

    

 

9.8       Governing
Law. This Agreement will be governed by and construed under the laws of the State of Georgia without regard to conflicts-of-laws
principles that would require the application of any other law.

 

9.9       Dispute
Resolution; WAIVER OF JURY TRIAL. 

 

(a)       Any
dispute or difference between or among any of the Parties arising out of or in connection with this Agreement or the Contemplated
Transactions, including without limitation any dispute for indemnification under Section 2.4, Section 7 or 8, which such
Parties are unable to resolve themselves shall be submitted to and resolved by arbitration before a single arbitrator, for amounts
in dispute under Two Hundred Thousand and 00/100 Dollars ($200,000.00) and otherwise before a panel of three (3) arbitrators,
which arbitration shall be governed by and enforceable under the Federal Arbitration Act, as supplemented or modified by the provisions
of this Section 9.9. The arbitrator(s) will consider the dispute at issue in Atlanta, Georgia within one hundred twenty
(120) days (or such other period as may be acceptable to the Parties to the dispute) of the designation of the arbitrator. The
arbitrator(s) will deliver a written award, including written findings of fact and conclusions of law, with respect to the dispute
to each of the arbitrating Parties, who will promptly act in accordance therewith. In no event will the arbitrator(s) have the
power to award damages in connection with any dispute in excess of actual compensatory damages. In particular, the arbitrator(s)
may not multiply actual damages or award consequential, indirect, special or punitive damages, including, without limitation,
damages for lost profits or loss of business opportunity. Any award of the arbitrator(s) will be final, conclusive and binding
on the arbitrating Parties; provided, however, that any such Party may seek the vacating, modification or correction of the arbitrator(s)’
decision or award as provided under Section 10 and Section 11 of the Federal Arbitration Act 9 U.S.C. §1-14.
Any Party to an arbitration proceeding may enforce any award rendered pursuant to the arbitration provisions of this Section
9.9 by bringing suit in any court of competent jurisdiction. All costs and expenses attributable to the arbitrator(s) will
be allocated between the Parties to the arbitration in such manner as the arbitrator(s) determine to be appropriate under the
circumstances. Any Party may file a copy of this Section 9.9 with any arbitrator or court as written evidence of the knowing,
voluntary and bargained agreement among the Parties with respect to the subject matter of this Section 9.9.

 

EACH
PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY OF THEM AGAINST THE OTHER ARISING
OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT, OR ANY OTHER AGREEMENTS EXECUTED IN CONNECTION HEREWITH, OR THE ADMINISTRATION
THEREOF OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN OR THEREIN. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE BUYER TO ENTER
INTO THIS AGREEMENT.

 

9.10       Execution
of Agreement. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy
and all of which, when taken together, will be deemed to constitute one and the same agreement. The exchange of copies of this
Agreement and of signature pages by facsimile transmission or electronic mail in PDF format will constitute effective execution
and delivery of this Agreement as to the Parties and may be used in lieu of the original Agreement for all purposes. Signatures
of the Parties transmitted by facsimile or by electronic mail in PDF format will be deemed to be their original signatures for
all purposes.

 

9.11       Specific
Performance. Sellers acknowledges and agrees that Buyer would be damaged irreparably in
the event any provision of this Agreement is not performed in accordance with its specific terms or otherwise is breached, so
that Buyer shall be entitled to injunctive relief to prevent breaches of this Agreement and to enforce specifically this Agreement
and the terms and provisions hereof in addition to any other remedy to which Buyer may be entitled, at law or in equity. In particular,
Sellers acknowledge that the Business of the Company is unique and recognize and affirm that in the event Sellers Breach this
Agreement, money damages would be inadequate and Buyer would have no adequate remedy at law, so that Buyer shall have the right,
in addition to any other rights and remedies existing in its favor, to enforce its rights and obligations hereunder not only by
action for damages but also by action for specific performance, injunctive, and/or other equitable relief.

 

(See
following page for execution signatures)

 

    -38-

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have executed this Membership Interest Purchase Agreement as of the Effective Date, intending
to be legally bound.

 

	 	“BUYER”
    or “PURCHASER”:
	 	 	 
	 	MOBILE SCIENCE
    TECHNOLOGIES, INC., 

a Georgia corporation
	 	 
	 	By:	/s/ Mary O’Brien
	 	 	Mary O’Brien, President
    & CEO
	 	“PARENT”:
	 	 	 
	 	MERIDIAN WASTE
    SOLUTIONS, INC.,

 a New York corporation
	 	 
	 	By:	/s/ Jeffrey S. Cosman
	 	 	Jeffrey S. Cosman, CEO
	 	 	 
	 	“SELLERS”:
	 	 
	 	By:	/s/
Jeffrey S. Powell
	 	 	Jeffrey S. Powell, individually
	 	 	 
	 	CORRAL COURT CAPITAL
    LLC
	 	 	 
	 	By:	/s/ Jeffrey Scott Kester
	 	Name:	Jeffrey Scott Kester
	 	Title:	Manager
	 	 	 
	 	By:	/s/ Kevin Kester
	 	Name:	Kevin Kester
	 	Title:	Manager

 

[Signature
page to Membership Interest Purchase Agreement]

 

    -39-

     

    

 

SCHEDULE
1.1(a)

DEFINED TERMS

 

“Accounts
Receivable” means (i) all trade and other accounts receivable and other rights to payment from past or present customers
of the Company, and the full benefit of all security for such accounts or rights to payment, including all trade and other accounts
receivable representing amounts receivable in respect of services rendered to customers of the Business, and (ii) any claim, remedy
or other right related to any of the foregoing.

 

“Adverse
Consequences” means all actions, suits, Proceedings, hearings, investigations, charges, complaints, claims, demands,
diminutions in value, injunctions, judgments, orders, decrees, rulings, damages, dues, penalties, fines, costs, amounts paid in
settlement or claims, obligations, Taxes, Liens, losses, interest, expenses (including costs of investigation and defense), any
other Liability and fees, including court costs and reasonable attorneys’ fees and expenses, whether or not involving a
Third-Party Claim.

 

“Affiliated
Group” means any affiliated group within the meaning of Code Section 1504(a) or any similar group defined under a similar
provision of state, local or foreign law.

 

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

 

“Approvals”
has the meaning set forth in Section 6.1(h).

 

“Assets”
has the meaning set forth in Section 4.7.

 

“Basis”
means any past or present fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident,
action, failure to act, or transaction that forms or could form the basis for any specified consequence.

 

“Breach”
means any breach of, or any inaccuracy in, any representation or warranty or any breach of, or failure to perform or comply with,
any covenant, obligation or agreement, in or of this Agreement or any other Contract, agreement or instrument (whether or not
related to this Agreement), or in or of any corporate, Company or partnership organizational document or agreement, any Governmental
Authorization, Order or Legal Requirement, or any other breach of any written instrument, or any event which with the passing
of time or the giving of notice, or both, would constitute such a breach, inaccuracy or failure.

 

“Business”
or “Business” has the meaning set forth in the Background Facts.

 

Business
Day” means any day other than a Saturday or Sunday or any other day on which banks in Tennessee are permitted or required
by Legal Requirement to be closed.

 

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

 

“Buyer
Claims Period” has the meaning set forth in Section 7.4(a).

 

“Buyer
Indemnified Persons” has the meaning set forth in Section 7.3.

 

“CERCLA”
has the meaning set forth in Section 4.25.

 

    -40-

     

    

 

“Closing”
and “Closing Date” has the meaning set forth in Section 2.3.

 

“Closing
Statement” has the meaning set forth in Section 6.1(j).

 

“COBRA”
means the requirements of Part 6 of Subtitle B of Title I of ERISA and Code Section 4980B and of any similar state law.

 

“Code”
means the Internal Revenue Code of 1986, as amended.

 

“Company”
or “Company” has the meaning set forth in the Background Facts.

 

“Company
Contracts” has the meaning set forth in Section 4.18(a).

 

“Company
Documents” has the meaning set forth in Section 5.1.

 

“Confidential
Information” has the meaning set forth in Section 5.5(a).

 

“Consent”
means any approval, consent, ratification, waiver or other authorization.

 

“Contemplated
Transactions” means all of the transactions contemplated by this Agreement.

 

“Contract”
means any agreement, contract, license, lease, consensual obligation, promise or undertaking (whether written or oral and whether
express or implied), whether or not legally binding.

 

“Current
Litigation Matters” has the meaning set forth in Section 4.20.

 

“Current
Seller Liabilities” or “Current Seller Liability” has the meaning set forth in Section 2.4(a).

 

“Disclosure
Schedule” has the meaning set forth in the introductory paragraph to Section 4.

 

“DxT
Medical” has the meaning set forth in the Background Facts.

 

“Effective
Date” has the meaning set forth in the preface.

 

“Employee
Benefit Plan” means all “employee benefit plans” as defined by Section 3(3) of the Employee Retirement Income
Security Act of 1974 (“ERISA”), all specified fringe benefit plans as defined in Section 6039D of the Code,
and all other bonus, incentive-compensation, deferred-compensation, profit-sharing, stock-option, stock-appreciation-right, stock-bonus,
stock-purchase, employee-stock-ownership, savings, severance, change-in-control, supplemental-unemployment, layoff, salary-continuation,
retirement, pension, health, life-insurance, disability, accident, group-insurance, vacation, holiday, sick-leave, fringe-benefit
or welfare plan, and any other employee compensation or benefit plan, agreement, policy, practice, commitment, contract or understanding
(whether qualified or nonqualified, currently effective or terminated, written or unwritten) and any trust, escrow or other agreement
related thereto that (i) is maintained or contributed to by the Company or any other corporation or trade or business controlled
by, controlling or under common control with Sellers (within the meaning of Section 414 of the Code or Section 4001(a)(14) or
4001(b) of ERISA) (“ERISA Affiliate”) or has been maintained or contributed to in the last six (6) years by
the Company or any ERISA Affiliate, or with respect to which the Company or any ERISA Affiliate has or may have any liability,
and (ii) provides benefits, or describes policies or procedures applicable to any current or former director, officer, employee
or service provider of the Company or any ERISA Affiliate, or the dependents of any thereof, regardless of how (or whether) liabilities
for the provision of benefits are accrued or assets are acquired or dedicated with respect to the funding thereof.

 

    -41-

     

    

 

“Employee
Welfare Benefit Plan” has the meaning set forth in ERISA Section 3(1).

 

“Environment”
means soil, land surface or subsurface strata, surface waters, groundwaters, drinking water supply, stream sediments, ambient
air (including indoor air), plant and animal life and any other environmental medium or natural resource.

 

“Environmental,
Health and Safety Liabilities” means any and all costs, damages, Adverse Consequences, expenses, Liabilities and/or
other responsibility arising from or under any Environmental Law or Occupational Safety and Health Law, including those consisting
of or relating to (i) any environmental, health or safety matter or condition (including on-site or off-site contamination, and/or
occupational safety and health regulation of any chemical substance or product), (ii) any fine, penalty, judgment, award, settlement,
Proceeding, damages, Adverse Consequence, loss, claim, demand or response, remedial or inspection cost or expense arising under
any Environmental Law or Occupational Safety and Health Law, (iii) financial responsibility under any Environmental Law or Occupational
Safety and Health Law for cleanup costs or corrective action, including any cleanup, removal, containment or other remediation
or response actions (“Cleanup”) required by any Environmental Law or Occupational Safety and Health Law (whether
or not such Cleanup has been required or requested by any Governmental Body or any other Person) and for any natural resource
damages, and/or (iv) any other compliance, corrective or remedial measure required under any Environmental Law or Occupational
Safety and Health Law. For purposes of this definition, the terms “removal,” “remedial” and “response
action” include the types of activities covered by the United States Comprehensive Environmental Response, Compensation
and Liability Act of 1980 (CERCLA).

 

“Environmental
Law” means any Legal Requirement that requires or relates to (i) advising appropriate Governmental Bodies, employees
or the public of any intended Release, actual Release or Threat of Release of pollutants or Hazardous Materials, violations of
discharge limits or other prohibitions and the commencement of activities, such as resource extraction or construction, that could
have significant impact on the Environment, (ii) preventing or reducing to acceptable levels the Release of pollutants or Hazardous
Materials into the Environment, (iii) reducing the quantities, preventing the Release or minimizing the hazardous characteristics
of wastes that are generated, (iv) assuring that products are designed, formulated, packaged and used so that they do not present
unreasonable risks to human health or the Environment when used or disposed of, (v) protecting resources, species or ecological
amenities, (vi) reducing to acceptable levels the risks inherent in the transportation of pollutants, Hazardous Materials or other
potentially harmful substances, (vii) cleaning up pollutants that have been Released, preventing the Threat of Release or paying
the costs of such clean up or prevention, (viii) making responsible Persons pay private parties, or groups of them, for damages
done to their health or the Environment or permitting self-appointed representatives of the public interest to recover for injuries
done to public assets; or (ix) governing or regulating any Hazardous Activities.

 

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

 

“ERISA
Affiliate” means each entity that is treated as a single employer with the Company for purposes of Code Section 414.

 

“Excluded
Assets” has the meaning set forth in Section 5.2.

 

“Financial
Statements” has the meaning set forth in Section 4.11(a).

 

“FIRPTA
Affidavit” has the meaning set forth in Section 6.1(m).

 

    -42-

     

    

 

“GAAP”
means generally accepted accounting principles as in effect in the United States of America, as determined by the Financial Accounting
Standards Board from time to time, applied on a consistent basis as of the date of any application thereof.

 

“Governmental
Authorization” means any zoning approvals, permits (including the Permits), franchise rights, rights-of-way, Consent,
license, permission, registration, permit or other right or approval issued, granted, given or otherwise made available by or
under the authority of any Governmental Body or pursuant to any Legal Requirement and all pending applications therefor or renewals
thereof.

 

“Governmental
Body” means any (i) nation, state, county, city, town, borough, village, district or other jurisdiction, (ii) federal,
state, county, local, municipal, foreign or other government, (iii) governmental or quasi-governmental authority of any nature
(including any agency, branch, department, board, commission, court, tribunal or other entity exercising governmental or quasi-governmental
powers), (iv) body exercising, or entitled or purporting to exercise, any administrative, executive, judicial, legislative, police,
regulatory or taxing authority or power, (v) Indian tribal authority, (vi) multinational organization or body, or (vii) official
of any of the foregoing.

 

“Hazardous
Activity” means, with respect to any Person (including any Party or the Company or their Related Persons), the distribution,
generation, handling, importing, management, manufacturing, processing, production, refinement, Release, storage, transfer, transportation,
treatment or use (including any withdrawal or other use of groundwater) of Hazardous Material in, on, under, about or from any
Property or other facility or real property owned, leased, operated or otherwise used by such Person or any of its contractors
in connection with the conduct of the business of such Person, or from any other asset of such Person, into the Environment and
any other act, business, operation or thing that increases the danger, or risk of danger, or poses an unreasonable risk of harm,
to persons or property, whether on or off the aforementioned Properties, facilities or other real property, beyond what is authorized
by any Environmental Law relating to the business of such Person.

 

“Hazardous
Material” means any substance, material or waste which is or will foreseeably be regulated by any Governmental Body,
including any material, substance or waste which is defined as a “hazardous waste,” “hazardous material,”
“hazardous substance,” “extremely hazardous waste,” “restricted hazardous waste,” “contaminant,”
“pollutant,” “toxic waste” or “toxic substance” under any provision of Environmental Law,
and including petroleum, petroleum products, asbestos, presumed asbestos-containing material or asbestos-containing material,
urea formaldehyde and polychlorinated biphenyls.

 

“Improvements”
means all buildings, structures, fixtures, building systems and equipment, and all components thereof, including the roof, foundation,
load-bearing walls, and other structural elements thereof, heating, ventilation, air conditioning, mechanical, electrical, plumbing
and other building systems, environmental control, remediation and abatement systems, sewer, storm, and waste water systems, irrigation
and other water distribution systems, parking facilities, fire protection, security and surveillance systems, and telecommunications,
computer, wiring, and cable installations, all of which are included in the Properties.

 

“Indebtedness”
means (a) any indebtedness (including all accrued interest) for borrowed money or issued in substitution for or exchange of indebtedness
for borrowed money, (b) any indebtedness evidenced by any note, bond, debenture or other debt security, (c) any indebtedness for
the deferred purchase price of property or services with respect to the Company
is liable, contingently or otherwise, as obligor or otherwise, (d) any commitment by which the
Company assures a creditor against loss (including, without limitation, contingent reimbursement obligations with respect
to letters of credit), (e) any indebtedness guaranteed in any manner by the Company
(including, without limitation, guarantees in the form of an agreement to repurchase or reimburse), (f) any obligations
under capitalized leases with respect to which the Company is liable,
contingently or otherwise, as obligor, guarantor or otherwise, or with respect to which obligations the
Company assures a creditor against loss, (g) any TRAC or synthetic leases; (h) any indebtedness secured by a Lien on
the Assets of the Company, (i) any unsatisfied obligation for “withdrawal
liability” to a “Multiemployer Plan” as such terms are defined under ERISA, (j) the deficit or negative balance,
if any, in the Company’s checking account and (k) any credit card debt.

 

    -43-

     

    

 

“Indemnified
Person” has the meaning set forth in Section 7.6.

 

“Indemnifying
Person” has the meaning set forth in Section 7.6.

 

“Insolvent”
means being unable to pay debts as they mature, or as obligations become due and payable.

 

“Insolvency
Laws” means any bankruptcy, insolvency, reorganization, moratorium or other similar Legal Requirement affecting the
enforcement of creditors rights generally, and general principles of equity (regardless of whether enforcement is considered in
a proceeding in law or equity).

 

“IRS”
means the United States Internal Revenue Services and, to the extent relevant, the United States Department of the Treasury.

 

“Inspection
Period” has the meaning set forth in Section 5.2.

 

“Insurance
Policies” or “Insurance Policy” has the meaning set forth in Section 4.28.

 

“Intangible
Personal Property” means all intangible property used or held for use by the Company, of whatever type or description,
including (a) the business as a going concern (b) goodwill of the Company (c) all files, records and correspondence (d) telephone
numbers, telecopy numbers (e) all rights in Internet web sites and Internet domain names presently used by Seller or the Company,
and links; (f) all registered and unregistered copyrights in both published works and unpublished works, (g) the “DxT Medical,”
and “DxT” names, all assumed fictional business names, trade names, registered and unregistered trademarks, service
marks and applications, and (h) all know-how, trade secrets, confidential or proprietary information, customer lists, software,
technical information, data, process technology, plans, drawings and blue prints; and (f) all right, title and interest in and
to all Company Documents, Company Contracts, and all Permits, Governmental Authorizations, Approvals, Consents, licenses and other
permits and approvals of the Company.

 

“Intellectual
Property Assets” has the meaning set forth in Section 4.27.

 

“Knowledge”
means when used to qualify a representation, warranty or other statement of a Party to this Agreement, (i) the knowledge that
management of the Party actually has with respect to the particular fact or matter that is the subject of such representation,
warranty or other statement, and (ii) the knowledge that management of the Party could reasonably be expected to have as prudent
and responsible owners and operators of the assets and the Business of such Party, or in the case of Seller, the ownership and
operation of the Company, after having conducted a reasonably comprehensive inquiry or investigation with respect to the fact
or matter that is the subject of such representation, warranty or other statement.

 

A
Person (other than an individual) will be deemed to have Knowledge of a particular fact or other matter if any individual who
is serving, or who has at any time served, as a director, officer, partner, member, manager, executor or trustee of that Person
(or in any similar capacity) has, or at any time had, Knowledge of that fact or other matter (as set forth in (a) and (b) above),
and any such individual (and any individual party to this Agreement) will be deemed to have conducted a reasonably comprehensive
investigation regarding the accuracy of the representations and warranties made herein by that Person or individual.

 

    -44-

     

    

 

“Legal
Requirement” means any federal, state, local, municipal, foreign, international, multinational or other constitution,
law, ordinance, principle of common law, code, regulation, statute or treaty.

 

“Liability”
means with respect to any Person (including any Party), any Indebtedness, liability, penalty, damage, loss, cost or expense, obligation,
claim, deficiency, or guaranty of such Person of any kind, character or description, whether known or unknown, absolute or contingent,
accrued or unaccrued, disputed or undisputed, liquidated or unliquidated, secured or unsecured, joint or several, due or to become
due, vested or unvested, executory, determined, determinable or otherwise, and whether or not the same is required to be accrued
on the financial statements of such Person, including any liability for Taxes.

 

“Lien”
means with respect to any Person, any mortgage, right of way, easement, encroachment, any restriction on use, servitude, pledge,
lien, charge, hypothecation, security interest, encumbrance, adverse right, interest or claim, community or other marital property
interest, condition, equitable interest, encumbrance, license, covenant, title defect, option, or right of first refusal or offer
or similar restriction, voting right, transfer, receipt of income or exercise of any other attribute of ownership, except for
any liens for taxes not yet due or delinquent or being contested in good faith by appropriate proceedings for which adequate reserves
have been established and accrued on the financial statements of such Person in accordance with GAAP.

 

“Material
Adverse Effect” or “Material Adverse Change” means any effect or change that would be materially
adverse to the Business, Assets, condition (financial or otherwise), operating results, operations, or business prospects of the
Company, taken as a whole, including the ability for the Company to own, construct, operate and develop the Assets and the Business
in Buyer’s sole discretion, the transfer or issuance to the Company, if applicable, of any Permit, Consent, Governmental
Authorization, license or other permit or approval contemplated by this Agreement, or on the ability of Seller consummate timely
the Contemplated Transactions (regardless of whether or not such adverse effect or change can be or has been cured at any time
or whether Buyer has knowledge of such effect or change on the date hereof), except for any adverse change or event arising from
or relating to (a) general economic conditions or conditions which generally affect the Business of the Company and the industry
in which the Company competes and (b) public or industry knowledge of the Contemplated Transactions.

 

“Membership
Interests” has the meaning set forth in Section 2.1.

 

“Most
Recent Financial Statements” has the meaning set forth in Section 4.11(a).

 

“Most
Recent Fiscal Month End” has the meaning set forth in Section 4.11(a).

 

“Most
Recent Fiscal Year End” has the meaning set forth in Section 4.11(a).

 

“Multiemployer
Plan” has the meaning set forth in ERISA Section 3(37).

 

“Occupational
Safety and Health Law” means any Legal Requirement designed to provide safe and healthful working conditions and to
reduce occupational safety and health hazards, including the Occupational Safety and Health Act, and any program, whether governmental
or private (such as those promulgated or sponsored by industry associations and insurance Company), designed to provide safe and
healthful working conditions.

 

    -45-

     

    

 

“Order”
means any order, injunction, judgment, decree, ruling, assessment or arbitration award of any Governmental Body or arbitrator.

 

“Ordinary
Course of Business” means an action taken by a Person will be deemed to have been taken in the ordinary course of business
only if that action (i) is consistent in nature, scope and magnitude with the past practices of such Person and is taken in the
ordinary course of the normal, day-to-day operations of such Person, (ii) does not require authorization by the board of directors,
owners, shareholders, interest holders, members or managers of such Person (or by any Person or group of Persons exercising similar
authority) and does not require any other separate or special authorization of any nature, and (iii) is similar in nature, scope
and magnitude to actions customarily taken, without any separate or special authorization, in the ordinary course of the normal,
day-to-day operations of other Persons that are in the same line of business as such Person).

 

“Organizational
Documents” means: (i) with respect to a corporation, the certificate or articles of incorporation and bylaws; (ii) with
respect to any other Person any charter or similar document adopted or filed in connection with the creation, formation or organization
of a Person; (iii) any operating agreement, partnership agreement, shareholder agreement or similar agreement and (iv) any amendment
to any of the foregoing.

 

“Party”
or “Parties” has the meaning set forth in the preface.

 

“Permits”
has the meaning set forth in Section 4.12(a).

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock holding company,
a trust, a joint venture, an unincorporated organization, any other business entity, joint venture or other entity Governmental
Body (or any department, agency, or political subdivision thereof).

 

“Pre-Closing
Tax Period” has the meaning set forth in Section 8.1.

 

“Proceeding”
means any action, arbitration, audit, hearing, investigation, litigation or suit (whether civil, criminal, administrative, judicial
or investigative, whether formal or informal, whether public or private) commenced, brought, conducted or heard by or before,
or otherwise involving, any Governmental Body, court, or arbitrator.

 

“Property”
or “Properties” means any real property owned or leased by the Company together with all buildings, structures,
Improvements, and fixtures located thereon, including all electrical, mechanical, plumbing and other building systems, fire protection,
security and surveillance systems, telecommunications, computer, wiring, and cable installations, utility installations, water
distribution systems, and landscaping, together with all easements and other rights and interests appurtenant thereto (including
air, oil, gas, mineral, and water rights together with all Permits).

 

“Purchase
Price” has the meaning set forth in Section 2.2.

 

“Real
Property Laws” has the meaning set forth in Section 4.16(c).

 

“Real
Property Lease” means (i) any long-term lease of land in which most of the rights and benefits comprising ownership
of the land and the Improvements thereon or to be constructed thereon, if any, are transferred to the tenant for the term thereof
or (ii) any lease or rental agreement pertaining to the occupancy of any improved space on any real property.

 

    -46-

     

    

 

“Related
Person” means:

 

(i)       with
respect to a particular individual: (A) each other member of such individual’s Family; (B) any Person that is directly or
indirectly controlled by any one or more members of such individual’s Family; (C) any Person in which members of such individual’s
Family hold (individually or in the aggregate) a Material Interest; and (D) any Person with respect to which one or more members
of such individual’s Family serves as a director, officer, partner, executor or trustee (or in a similar capacity); and

 

(ii)       with
respect to a specified Person other than an individual: (A) any Person that directly or indirectly controls, is directly or indirectly
controlled by or is directly or indirectly under common control with such specified Person; (B) any Person that holds a Material
Interest in such specified Person; (C) each Person that serves as a director, officer, partner, executor or trustee of such specified
Person (or in a similar capacity); (D) any Person in which such specified Person holds a Material Interest; and (E) any Person
with respect to which such specified Person serves as a general partner or a trustee (or in a similar capacity).

 

(iii)       For
purposes of this definition, (a) “control” (including “controlling,” “controlled by,” and
“under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction
of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and
shall be construed as such term is used in the rules promulgated under the Securities Act; (b) the “Family” of an
individual includes (i) the individual, (ii) the individual’s spouse, (iii) any other natural person who is related to the
individual or the individual’s spouse within the second degree and (iv) any other natural person who resides with such individual;
and (c) “Material Interest” means direct or indirect beneficial ownership (as defined in Rule 13d-3 under the Exchange
Act of 1934) of voting securities or other voting interests representing at least ten percent (10%) of the outstanding voting
power of a Person or equity securities or other equity interests representing at least ten percent (10%) of the outstanding equity
securities or equity interests in a Person.

 

“Release”
means any release, spill, emission, leaking, pumping, pouring, dumping, emptying, injection, deposit, disposal, discharge, dispersal,
leaching or migration on or into the Environment or into or out of any property.

 

“Remedial
Action” means all actions, including any capital expenditures, required or voluntarily undertaken (i) to clean up, remove,
treat or in any other way address any Hazardous Material or other substance, (ii) to prevent the Release or Threat of Release
or to minimize the further Release of any Hazardous Material or other substance so it does not migrate or endanger or threaten
to endanger public health or welfare or the Environment, (iii) to perform pre-remedial studies and investigations or post-remedial
monitoring and care, or (iv) to bring the Properties and the operations conducted (or to be conducted) thereon into compliance
with Environmental Laws and environmental Governmental Authorizations.

 

“Representative”
means with respect to a particular Person, any director, officer, manager, employee, agent, consultant, advisor, accountant, financial
advisor, legal counsel or other representative of that Person.

 

“Restrictive
Covenants Agreement” has the meaning set forth in Section 6.1(l).

 

“Retained
Liabilities” has the meaning set forth in Section 2.4(b).

 

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

 

    -47-

     

    

 

“Seller”
has the meanings set forth in the preface.

 

“Seller
Claims” has the meaning set forth in Section 5.12

 

“Seller
Claims Period” has the meanings set forth in Section 7.4(b).

 

“Seller
Indemnified Persons” has the meaning set forth in Section 7.2.

 

“Seller
Releasing Parties” has the meaning set forth in Section 5.12.

 

“Straddle
Period” has the meaning set forth in Section 8.2.

 

“SWDA”
has the meaning set forth in Section 4.25.

 

“Tangible
Personal Property” means all tangible personal property used or useful in the Business, including all machinery, equipment,
scales, compactors, containers, bailers, tools, spare parts, furniture, office equipment, computer hardware, supplies, materials,
vehicles, trade fixtures and other items of tangible personal property of every kind owned or leased by the Company (wherever
located and whether or not carried on the books of the Company or Seller), together with any express or implied warranty by the
manufacturers or lessors of any item or component part thereof and all maintenance records and other documents relating thereto.

 

“Tax”
” means any income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, property,
environmental, windfall profit, customs, vehicle, airplane, boat, vessel or other title or registration, capital stock, franchise,
employees’ income withholding, foreign or domestic withholding, social security, unemployment, disability, real property,
personal property, sales, use, transfer, value added, alternative, add-on minimum and other tax, fee, assessment, levy, tariff,
charge or duty of any kind whatsoever and any interest, penalty, addition or additional amount thereon imposed, assessed or collected
by or under the authority of any Governmental Body or payable under any tax-sharing agreement or any other Contract, whether disputed
or not and including any obligations to indemnify or otherwise assume or succeed to the Tax liability of any other Person.

 

“Tax
Return” means any return (including any information return), report, statement, schedule, notice, form, declaration,
claim for refund or other document or information filed with or submitted to, or required to be filed with or submitted to, any
Governmental Body in connection with the determination, assessment, collection or payment of any Tax or in connection with the
administration, implementation or enforcement of or compliance with any Legal Requirement relating to any Tax.

 

“Third
Party Claim” means any claim, issuance of any Order or the commencement of any Proceeding by any Person who is not a
Party to this Agreement, including a Related Person of a Party, any domestic or foreign court, or Governmental Body.

 

“Threat
of Release” means a reasonable likelihood of a Release that may require action in order to prevent or mitigate damage
to the Environment that may result from such Release.

 

“WARN”
has the meaning set forth in Section 4.21.

 

“Wiring
Instructions” has the meaning set forth in Section 2.2(a).

 

 

-48-EX-10.1

 Exhibit 10.1 

Execution Version 
  

 
  

MEMBERSHIP INTEREST PURCHASE AGREEMENT 

BY AND AMONG 
 CPB
Member LLC, 
 AS SELLER 

AND 
 Shell Midstream
Operating LLC, 
 AS BUYER 

October 16, 2017 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE 1
	  			
		
	 DEFINITIONS
	  			
			
	1.01	  	Definitions.	  	 	1	 
		
	 ARTICLE 2
	  			
		
	 PURCHASE AND SALE
	  			
			
	2.01	  	Purchase and Sale.	  	 	5	 
	2.02	  	Purchase Price at Closing.	  	 	5	 
	2.03	  	Post-Closing Adjustments.	  	 	5	 
		
	 ARTICLE 3
	  			
		
	 PURCHASE AND SALE AND CLOSING
	  			
			
	3.01	  	Time and Place of Closing.	  	 	7	 
	3.02	  	Closing Deliveries; Closing Conditions.	  	 	7	 
		
	 ARTICLE 4
	  			
		
	 REPRESENTATIONS AND WARRANTIES OF SELLER
	  			
			
	4.01	  	Organization and Qualification of Seller.	  	 	8	 
	4.02	  	Organization and Qualification of the Company.	  	 	8	 
	4.03	  	Authority and Enforceability.	  	 	8	 
	4.04	  	Organizational Documents.	  	 	9	 
	4.05	  	Capitalization.	  	 	9	 
	4.06	  	Subsidiaries.	  	 	9	 
	4.07	  	Employees.	  	 	9	 
	4.08	  	Indebtedness.	  	 	9	 
	4.09	  	Business Operations.	  	 	9	 
	4.10	  	Litigation.	  	 	9	 
	4.11	  	Material Contracts.	  	 	10	 
	4.12	  	Title.	  	 	10	 
	4.13	  	Midstream Assets.	  	 	10	 
	4.14	  	Financial Statements.	  	 	10	 
	4.15	  	No Conflicts; Required Consents.	  	 	10	 
	4.16	  	Compliance with Laws.	  	 	11	 
	4.17	  	Environmental Matters.	  	 	11	 
	4.18	  	Tax.	  	 	12	 
	4.19	  	Affiliate Transactions.	  	 	13	 
	4.20	  	Bankruptcy, Insolvency and Reorganization.	  	 	13	 
	4.21	  	Brokers.	  	 	13	 

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
		
	 ARTICLE 5
	  			
		
	 REPRESENTATIONS AND WARRANTIES OF BUYER
	  			
			
	5.01	  	Organization and Qualification of Buyer.	  	 	13	 
	5.02	  	Authority and Enforceability.	  	 	13	 
	5.03	  	Litigation.	  	 	13	 
	5.04	  	No Conflicts; Required Consents.	  	 	14	 
	5.05	  	Investment Intent.	  	 	14	 
	5.06	  	Brokers.	  	 	14	 
	5.07	  	Independent Evaluation.	  	 	14	 
		
	 ARTICLE 6
	  			
		
	 INDEMNIFICATION
	  			
			
	6.01	  	Indemnification by Seller.	  	 	15	 
	6.02	  	Indemnification by Buyer.	  	 	15	 
	6.03	  	Claim Procedure.	  	 	15	 
	6.04	  	Survival.	  	 	16	 
	6.05	  	Limitations on Liability.	  	 	16	 
	6.06	  	Exclusive Remedy.	  	 	18	 
	6.07	  	Treatment of Indemnity Payments.	  	 	18	 
		
	 ARTICLE 7
	  			
		
	 MISCELLANEOUS
	  			
			
	7.01	  	Governing Law; Waiver of Jury Trial.	  	 	18	 
	7.02	  	Entire Agreement; Conflicts.	  	 	19	 
	7.03	  	Waiver.	  	 	19	 
	7.04	  	Captions.	  	 	19	 
	7.05	  	Assignment.	  	 	19	 
	7.06	  	Notices.	  	 	20	 
	7.07	  	Expenses.	  	 	20	 
	7.08	  	Liability for Transfer Taxes.	  	 	20	 
	7.09	  	Severability.	  	 	21	 
	7.10	  	Tax Treatment of Purchase.	  	 	21	 
	7.11	  	Amendment.	  	 	21	 
	7.12	  	Further Assurances.	  	 	21	 
	7.13	  	Third-Party Beneficiaries.	  	 	21	 
	7.14	  	Counterparts; Exhibits.	  	 	21	 
	7.15	  	Confidentiality.	  	 	22	 
	7.16	  	Construction.	  	 	22	 
	7.17	  	Schedules.	  	 	22	 
	7.18	  	Disclaimer—Representations and Warranties.	  	 	23	 
	7.19	  	Disclaimer—Statements and Information.	  	 	23	 

  
 ii 

 EXHIBITS AND SCHEDULES 

 

			
	 Exhibits
	  	
		
	 Exhibit A
	  	Form of Company Interests Assignment Agreement
		
	 Exhibit B
	  	Form of Section 1445(B)(2) Tax Certificate
		
	 Exhibit C
	  	Form of First Amended and Restated Limited Liability Company Agreement
		
	 Schedules
	  	
		
	 Schedule 2.02(a)
	  	Preliminary Settlement Statement
		
	 Schedule 2.02(b)
	  	Wire Instructions
		
	 Schedule 4.05
	  	Liens and Encumbrances
		
	 Schedule 4.08
	  	Indebtedness
		
	 Schedule 4.10
	  	Litigation
		
	 Schedule 4.11
	  	Material Contracts
		
	 Schedule 4.12
	  	Title Exceptions
		
	 Schedule 4.13
	  	Additional Assets
		
	 Schedule 4.14
	  	Financial Statements
		
	 Schedule 4.15
	  	Conflicts, Required Consents, Prohibiting Laws
		
	 Schedule 4.16
	  	Non-Compliance with Laws, Pending Investigations, Payments to Government Officials
		
	 Schedule 4.17
	  	Environmental Matters
		
	 Schedule 4.18
	  	Taxes
		
	 Schedule 4.19
	  	Affiliate Transactions
		
	 Schedule 4.20
	  	Bankruptcy, Insolvency, Reorganization
		
	 Schedule 5.04
	  	Conflicts, Required Consents, Prohibiting Laws

  
 iii 

 MEMBERSHIP INTEREST PURCHASE AGREEMENT 

This Membership Interest Purchase Agreement (“Agreement”) is made and entered into on this 16th day of October, 2017
(“Closing Date”) by and among CPB Member LLC, a Delaware limited liability company (“Seller”) and Shell Midstream Operating LLC, a Delaware limited liability company (“Buyer”). Seller and Buyer are
sometimes herein referred to individually as a “Party” and collectively as the “Parties.” 
 RECITALS 

WHEREAS, Seller owns one hundred percent (100%) of the outstanding equity interests of Crestwood Permian Basin LLC, a Delaware limited
liability company (the “Company”), which owns or leases and operates certain natural gas Midstream Assets including the Systems; and 

WHEREAS, Buyer desires to purchase from Seller and Seller desires to sell to Buyer, the Company Interests on the terms and conditions set
forth in this Agreement. 
 AGREEMENTS 

NOW, THEREFORE, for and in consideration of the premises, the mutual covenants and agreements contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties hereby agree as follows: 

ARTICLE 1 
 DEFINITIONS

 1.01 Definitions. Each capitalized term used herein shall have the meaning given such term as set forth below. 

“Accounting Referee” means a nationally recognized United States accounting firm as mutually agreed upon by the Parties, or,
if the Parties fail to so agree within five (5) Business Days, the nationally recognized United States accounting firm appointed by the Houston, Texas office of the American Arbitration Association, together with any experts such firm may
require in order to resolve a particular dispute; provided that absent the written agreement of the Parties, the Accounting Referee shall not be any accounting firm that has acted for either Party or the parent entities thereof within the two
(2) years preceding the Closing Date. 
 “Affiliate” or “affiliate” as used herein means, with
respect to any Person, any other Person that, directly or indirectly, controls, is controlled by, or is under common control with, such Person. For purposes of this Agreement, “Control” or “control”, when used with
respect to any specified Person, means the power, direct or indirect, to direct or cause the direction of the management and policies of such Person, whether through ownership of voting securities or partnership or other ownership interests, by
contract or otherwise; and the terms “controlling” and “controlled” shall have correlative meanings. For the avoidance of doubt, Seller shall be 

  
 1 

 
treated as an affiliate of CEQP so long as Seller is, on the Closing Date, controlled by CEQP, or a Subsidiary of CEQP or CEQP or a Subsidiary of CEQP owns directly or indirectly fifty percent
(50%) or more of Seller. 
 “Agreement” shall have the meaning given such term in the Preamble. 

“Applicable Law” means, as to any Person, any federal, state, municipal and local law (including common law), statute,
code, rule, judgment, memorandum of agreement, writ, decree, guidance document, ordinance, by-law, regulation, order, directive, policy or decision rendered by any Governmental Authority having competent jurisdiction, in each case applicable to or
binding upon such Person or any of its property or to which such Person or any of its property is subject or pertaining to any or all of the transactions contemplated or referred to herein.  

“Business Day” means any day other than a Saturday, Sunday or a day that commercial banks in the United States are required
or authorized to be closed. 
 “Buyer” shall have the meaning given such term in the Preamble. 

“Buyer Indemnified Parties” shall have the meaning given such term in Section 6.01. 

“CEQP” means Crestwood Equity Partners LP. 

“Claim Notice” shall have the meaning given such term in Section 6.03(a). 

“Closing” shall have the meaning given such term in Section 3.01. 

“Closing Date” shall have the meaning given such term in the Preamble. 

“Closing Purchase Price” means the amount equal to the product of (i) the actual capital that has been incurred by the
Company, plus accumulated capitalized interest of such amounts at an annual compounded rate of fifteen percent (15%), as of the Closing Date, multiplied by (ii) fifty percent (50%); plus the assumption of any unfunded capital commitments in
respect of the Company Interests to the extent disclosed during Buyer due diligence. 
 “Closing Working Capital” means the
amount equal to the product of (i) current assets of the Company (excluding cash and cash equivalents) minus current liabilities of the Company as of the open of business on the Closing Date, as determined in accordance with GAAP, multiplied by
(ii) 50%. 
 “Company” shall have the meaning given such term in the Recitals hereof. 

“Company Interests” means fifty percent (50%) of the outstanding equity interests in the Company and all rights
and liabilities associated therewith. 
 “Company Interests Assignment Agreement” shall have the meaning given such
term in Section 3.02(a)(i). 

  
 2 

 “Confidential Information” means (a) any information concerning the
Company, the Seller or the Buyer which is possessed by the Seller or the Buyer, as applicable, whether possessed prior to the Closing Date or hereafter acquired, developed or used by the Seller or the Buyer, as applicable, relating to business
opportunities, development plans, acquisitions and divestitures, production activity, contract or agreement existence and terms (including, but not limited to, payment and compensation terms) or other geological, geophysical, engineering,
operational, commercial, economic, financial, management or other aspects of the business, operations, properties, customers or prospects of the Seller or the Buyer, as applicable, in any form whatsoever (including, without limitation, written,
oral, visual, audio or electronic form), and any information or analyses derived therefrom; and (b) any information relating to the terms of this Agreement. For purposes of this Agreement, the term “Confidential Information” shall
exclude any information which (i) was or becomes generally available to the public (other than from wrongful disclosure in violation of this Agreement), (ii) was rightfully in the possession of the disclosing Party, from a source unrelated
to the Seller or the Buyer, as applicable, prior to the acquisition of such information by the Seller or the Buyer, as applicable, and could be shared lawfully, (iii) is or becomes available to the Seller or the Buyer by a source unrelated to
the Seller or the Buyer, as applicable, provided that such source is not known by the Seller or the Buyer, as applicable, to be bound by a confidentiality agreement with, or other obligation of secrecy to, the other Party or (iv) is
independently developed by the Seller or the Buyer, as applicable, without use of any Confidential Information. 

“Deductible” shall have the meaning given such term in Section 6.05(a)(ii). 

“Environmental Laws” means any Applicable Law, as in effect on or prior to the Closing Date, relating to the protection of
the environment, of human health and safety (to the extent relating to exposure to any Hazardous Materials), or of natural resources or otherwise relating to pollutants, or contaminants, or any toxic, radioactive or otherwise hazardous substances,
wastes or materials. 
 “Estimated Purchase Price” means the amount on the Preliminary Settlement Statement for “Total
Purchase Price.” 
 “Estimated Working Capital” means the amount on the Preliminary Settlement Statement for
“Working Capital Reimbursement at Closing for 50% Ownership.” 
 “Final Purchase Price” shall have the meaning
given such term in Section 2.02(d). 
 “Final Settlement Statement” shall have the meaning given such term in
Section 2.03(a). 
 “Fundamental Representations” means the representations and warranties of Seller in
Section 4.01, Section 4.02, Section 4.03, Section 4.05 and Section 4.21 and the representations and warranties of Buyer in Section 5.01, Section 5.02 and
Section 5.06. 
 “GAAP” means generally accepted accounting principles of the United States, consistently
applied. 
 “Governmental Authority” means any court, governmental department, commission, council, board, bureau, agency
or other executive, judicial, administrative, regulatory, legislative or other instrumentality of the United States of America, tribal, state, city, county, municipality or local governmental body or political subdivision. 

  
 3 

 “Hazardous Materials” means any wastes, substances or materials defined as
“hazardous wastes,” “hazardous substances,” or “toxic substances” under any Environmental Laws. 

“Indemnified Party” shall have the meaning given such term in Section 6.03(a). 

“Indemnifying Party” shall have the meaning given such term in Section 6.03(a). 

“Knowledge”, wherever used in the phrase “to the knowledge of” Seller or to Seller’s “knowledge” or
wherever it is said that Seller has or does not have “knowledge,” means the actual knowledge of Brian Freed, Heath Deneke, Hugo Guerrero and Eric Ormond. 

“LLC Agreement” means that certain First Amended and Restated Limited Liability Company Agreement of the Company, dated as of
the Closing Date, substantially in the form attached hereto as Exhibit C, as the same may be amended, modified or supplemented from time to time. 

“Losses” means any liabilities, losses, damages, claims, judgments, fines, penalties, costs or expenses (including reasonable
attorney’s or other professional fees and expenses). 
 “Material Contract” means any contract, agreement or
other legally binding obligation involving the expenditure or potential expenditure of an aggregate amount for the unexpired term thereof equal to or greater than $100,000.00, specifically including, but not limited to, contracts with third-parties,
Subsidiaries and Affiliates. 
 “Midstream Activity” or “Midstream Activities” shall have the
meaning set forth in the LLC Agreement. 
 “Midstream Asset” means an asset, owned or leased by the Company as of the date
of this Agreement, used primarily to conduct Midstream Activities. 
 “Objection Notice” shall have the meaning given such
term in Section 2.03(a). 
 “Party(ies)” shall have the meaning given such term in the Preamble. 

“Person” means any individual, joint venture, general partnership, limited partnership, limited liability company,
corporation, trust, business trust, cooperative, association or other incorporated or unincorporated entity, and the heirs, executors, administrators, legal representatives, successors and assigns of that Person where the context so admits. 

“Preliminary Settlement Statement” shall have the meaning given such term in Section 2.02(a). 

“Preliminary Purchase Price” shall have the meaning given such term in Section 2.02(a). 

  
 4 

 “Proceeding” means any action, suit, litigation, arbitration, lawsuit, claim,
proceeding (including any civil, criminal, administrative, investigative or appellate proceeding), prosecution, contest, hearing, inquiry, inquest, audit, examination, investigation, challenge, controversy or dispute commenced, brought, conducted or
heard by or before, or otherwise involving, any Governmental Authority or any arbitrator. 
 “Securities Act” means
the Securities Act of 1933, as amended, or any successor federal statute, and the rules and regulations thereunder, which shall be in effect at the time.  

“Seller” shall have the meaning given such term in the Preamble. 

“Seller Indemnified Parties” shall have the meaning given such term in Section 6.02. 

“Subsidiary” means any Person with respect to which a specified Person (or a Subsidiary thereof) owns a majority of the
common stock or other equity interests or has the power to vote or direct the voting of sufficient securities to elect a majority of the directors or managers. 

“Systems” shall have the meaning set forth in the LLC Agreement. 

“Third Party Claim” shall have the meaning given such term in Section 6.03(b). 

ARTICLE 2 
 PURCHASE AND
SALE 
 2.01 Purchase and Sale. On the Closing Date, Seller agrees to sell, assign, transfer and convey to Buyer, and Buyer
agrees to take assignment of, the Company Interests, free and clear of all liens and other encumbrances (a) not otherwise permitted or disclosed on Schedule 4.05 or (b) not otherwise permitted in the ordinary course of business on
the Midstream Assets, on the terms and subject to the conditions set forth in this Agreement. 
 2.02 Purchase Price at Closing. 

(a) The purchase price paid by Buyer at Closing for the Company Interests (the “Preliminary Purchase Price”) shall be equal
to the sum of the Estimated Purchase Price plus the Estimated Working Capital, each as shown on the closing worksheet on Schedule 2.02(a) (the “Preliminary Settlement Statement”), which shall be subject to adjustment after
Closing in accordance with Section 2.03. 
 (b) Buyer shall pay the Preliminary Purchase Price at Closing by wire transfer of
immediately available funds to the account(s) set forth on Schedule 2.02(b). 
 2.03 Post-Closing Adjustments. 

(a) As soon as reasonably practicable, but in no event later than forty-five (45) days after the Closing Date, Seller will deliver to
Buyer a statement of the Closing Purchase Price and the Closing Working Capital (the “Final Settlement Statement”). As soon as reasonably practicable, but in no event later than ten (10) Business Days after Buyer receives the

  
 5 

 
Final Settlement Statement, Buyer may deliver to Seller a written report containing any changes that Buyer proposes to be made to such statement (the “Objection Notice”). Such
changes shall be specified in reasonable detail with reasonable supporting documentation. Any changes not so specified shall be deemed waived, and Seller’s determinations shall prevail. If Buyer fails to timely deliver the Objection Notice to
Seller containing the changes Buyer proposes be made to the Final Settlement Statement, the statement as delivered by Seller will be deemed to be correct and agreed to by the Parties and such statement will be final and binding on the Parties and
not subject to further audit or arbitration. As soon as reasonably practicable, but in no event later than ten (10) Business Days after Seller receives the Objection Notice, the Parties shall meet and undertake to agree on the final adjustments
to the Final Settlement Statement. Seller will, and will cause its Affiliates to, provide Buyer reasonable access to the books, records and other data as may be required by Buyer in order to prepare the Objection Notice. 

(b) If the Parties fail to agree on the final adjustments to the Final Settlement Statement within the thirty (30) day period after
Seller’s receipt of the Objection Notice, then each Party shall submit a summary of its position with regard to the disputed items to the Accounting Referee in a written document, together with copies of the Final Settlement Statement and the
Objection Notice. Within ten (10) Business Days after receiving the Parties’ respective submissions, the Accounting Referee shall render a decision which will not assign a value to any item greater than the greatest value for such item
claimed by either party or less than the smallest value for such item claimed by either party (as set forth in the Final Settlement Statement or the Objection Notice, as applicable). The decision of the Accounting Referee will be binding on and
non-appealable by the Parties absent manifest error. The fees and expenses of the Accounting Referee shall be allocated by the Accounting Referee between Seller, on the one hand, and Buyer, on the other hand, in the same proportion that the
aggregate amount of the disputed items so submitted to the Accounting Referee are unsuccessfully disputed by each such party (as finally determined by the Accounting Referee) bears to the total amount of such disputed items so disputed. 

(c) All items included in the Final Settlement Statement as agreed to by the Parties or as determined by the Accounting Referee will be final
and binding between the Parties and not subject to further audit or arbitration. 
 (d) If the sum of the Closing Purchase Price and the
Closing Working Capital as finally determined in accordance with this Section 2.03 (such sum, the “Final Purchase Price”) is greater than the Preliminary Purchase Price, then Buyer shall pay to Seller, within ten
(10) Business Days after such amounts are so agreed or determined, by wire transfer of immediately available funds to an account or accounts designated by Seller, the amount of such difference. If the Preliminary Purchase Price is greater than
the Final Purchase Price, then Seller shall pay to Buyer, within ten (10) Business Days after such amounts are agreed or determined, by wire transfer of immediately available funds to an account designated by Buyer, the amount of such
difference. 
 ARTICLE 3 

PURCHASE AND SALE AND CLOSING 

  
 6 

 3.01 Time and Place of Closing. The consummation of the transactions contemplated hereby
(the “Closing”) shall occur on the Closing Date. The Closing shall take place remotely via electronic exchange of documents and signatures. 

3.02 Closing Deliveries; Closing Conditions. 

(a) Buyer Deliveries. Buyer shall deliver to Seller the following documents at the Closing: 

(i) an assignment of the Company Interests in substantially the form of Exhibit A hereto (the “Company Interests Assignment
Agreement”), duly executed by Buyer; 
 (ii) the certificate to be delivered pursuant to Section 3.02(d)(iii); 

(iii) the Preliminary Purchase Price to Seller as described in Section 2.02; 

(iv) the LLC Agreement, duly executed by Buyer; and 

(v) such other instruments as may be reasonably requested by Seller in order to effectively transfer the Company Interests to Buyer. 

(b) Seller Deliveries. Seller shall deliver to Buyer the following items at the Closing: 

(i) the Company Interests Assignment Agreement, duly executed by Seller; 

(ii) the certificate to be delivered pursuant to Section 3.02(c)(iii); 

(iii) a certificate in accordance with Treasury Regulations Section 1.1445-2(b)(2) to the effect that Crestwood Permian Basin Holdings
LLC, the parent of Seller, is not a “foreign person” within the meaning of the Internal Revenue Code of 1986, as amended, substantially in the form of Exhibit B hereto; 

(iv) a certificate of good standing for the Seller issued by the Delaware Division of Corporations; 

(v) the LLC Agreement, duly executed by Seller; and 

(vi) such other instruments as may be reasonably requested by Buyer in order for Seller to effectively transfer the Company Interests to
Buyer. 
 (c) Conditions to Buyer’s Obligation to Purchase. The obligation of Buyer to purchase the Company Interests on
the Closing Date is conditioned upon satisfaction of the following conditions on or before the Closing Date (any or all of which may be waived in writing by Buyer in its sole discretion): 

  
 7 

 (i) On the Closing Date, no Proceeding shall be pending or threatened which seeks to restrain or
prohibit the transactions contemplated by this Agreement; 
 (ii) The representations and warranties of Seller and the Company contained in
this Agreement are true and correct as of the Closing Date; and 
 (iii) Seller shall have delivered to Buyer a certificate, dated as of
the Closing Date, signed by an executive officer of Seller, certifying the satisfaction of the conditions specified in Section 3.02(c)(ii). 

(d) Conditions to Seller’s Obligations to Sell. The obligation of Seller to sell, transfer, assign and deliver the Company
Interests on the Closing Date is conditioned upon satisfaction of the following conditions on or before the Closing Date (any or all of which may be waived in writing by such Seller in its sole discretion): 

(i) On the Closing Date, no Proceeding shall be pending or threatened which seeks to restrain or prohibit the transactions contemplated by
this Agreement; 
 (ii) The representations and warranties of Buyer contained in this Agreement are true and correct as of the Closing
Date; and 
 (iii) Buyer shall have delivered to Seller a certificate, dated as of the Closing Date, signed by an executive officer of
Buyer, certifying the satisfaction of the conditions described in Section 3.02(d)(ii). 
 ARTICLE 4 

REPRESENTATIONS AND WARRANTIES OF SELLER 

Seller represents and warrants to Buyer the following: 

4.01 Organization and Qualification of Seller. Seller is a limited liability company validly existing and in good standing under the
laws of the State of Delaware. 
 4.02 Organization and Qualification of the Company. The Company is a limited liability company
validly existing and in good standing under the laws of the State of Delaware. The Company has all necessary limited liability company power and authority to own or lease and operate the Midstream Assets and to carry on its business as currently
conducted. The Company is duly licensed or qualified to do business and is in good standing as a foreign entity in the State of Texas. 

4.03 Authority and Enforceability. Seller and the Company each have all requisite power and authority to enter into and perform this
Agreement, the instruments to be delivered pursuant hereto and the transactions contemplated herein, as applicable. The execution and delivery by Seller of this Agreement and the instruments to be delivered pursuant hereto and the performance by
Seller and the Company of their respective obligations hereunder have been duly and validly authorized by all necessary action on the part of Seller and the Company, as applicable. This Agreement is, and the instruments to be executed pursuant
hereto when 

  
 8 

 
executed and delivered will be, the valid and binding obligations of Seller and the Company, respectively, and enforceable against Seller and the Company, as applicable, in accordance with their
respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and similar laws affecting the rights of creditors generally, as well as general principles of equity (regardless of whether such
enforceability is considered in a Proceeding in equity or at law). 
 4.04 Organizational Documents. Seller has furnished to Buyer
true and correct copies of the operating agreement and other organizational documents of the Company that have been in existence for the Company since inception and prior to the Closing Date. 

4.05 Capitalization. Seller holds of record and beneficially the Company Interests, free and clear of all liens and other encumbrances
not otherwise permitted or disclosed on Schedule 4.05, which represent fifty percent (50%) of the equity interests in the Company. The Company Interests are duly authorized, validly existing and outstanding and have not been issued in
violation of preemptive rights. Other than pursuant to this Agreement, Seller has not issued any outstanding convertible security, call, preemptive right, option, warrant, purchase right or other contract or commitment that would, directly or
indirectly, require Seller or Buyer to sell, issue or otherwise dispose of any equity interest of the Company. The Company has not granted any right to any distribution, carried interest, economic interest, preferred return or other right similar to
the rights enjoyed by or accruing to a holder of its equity interests. 
 4.06 Subsidiaries. The Company does not own and has not
owned any Subsidiaries or any direct or indirect equity interest in any other entity. 
 4.07 Employees. The Company does not have
and has not had any employees. 
 4.08 Indebtedness. The Company has not incurred any indebtedness for borrowed money (other than
accounts payable on normal commercial terms), has not guaranteed any obligations of any other Person, and has not incurred any other liabilities that have not been disclosed on Schedule 4.08. 

4.09 Business Operations. The Company has not engaged in any business other than the ownership, operation, maintenance, exploration,
development and production of the Midstream Assets. 
 4.10 Litigation. Other than as disclosed to Buyer on Schedule 4.10:
(i) there is no written claim for breach of contract, tort or violation of Applicable Law, or investigation of which either the Company or Seller has received written notice, or any suit, action or litigation, by any Person, and no legal,
administrative or arbitration proceedings pending or threatened in writing against Seller or the Company with respect to the ownership or operation of the Midstream Assets or that, as of the date of this Agreement, would have a material adverse
effect upon the ability of either Seller or the Company to consummate the transactions contemplated by this Agreement; and (ii) there are no outstanding governmental orders and no unsatisfied judgments, penalties, liens or awards against or
affecting the Company or any of the Midstream Assets. 

  
 9 

 4.11 Material Contracts. Schedule 4.11 hereto lists all Material Contracts of the
Company. With respect to each written Material Contract, a true and complete copy thereof (with all modifications and amendments), and with respect to each oral Material Contract, a written summary setting forth the terms and conditions thereof, was
made available to Buyer prior to the Closing Date. Except as disclosed to Buyer on Schedule 4.11: each Material Contract (i) is in full force and effect and is valid and enforceable in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a Proceeding at law or
in equity) and (ii) will continue to be legal, valid, binding and enforceable (except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by
general principles of equity, regardless of whether enforcement is sought in a Proceeding at law or in equity), and in full force and effect on identical terms, immediately following the consummation of the transactions contemplated by this
Agreement. Except as otherwise disclosed to Buyer on Schedule 4.11, with respect to the Material Contracts, (i) neither the Company nor Seller nor, to Seller’s knowledge, any of the other parties to the Material Contracts, is in
material breach of, or material default under, or has failed to perform any material obligation under, any Material Contract, (ii) no condition exists or event has occurred that (whether with or without notice or lapse of time or both) would
constitute a material breach or material default, or permit termination, modification, or acceleration, thereunder and (iii) no party has repudiated or, to Seller’s knowledge, threatened to repudiate any material provision thereof. 

4.12 Title. Except as otherwise disclosed to Buyer on Schedule 4.12, the Company warrants its title to the Systems to Buyer and
its Affiliates against every Person whosoever lawfully claims the same or any part thereof by, through or under the Company, but not otherwise. 

4.13 Midstream Assets. Except as otherwise disclosed to Buyer on Schedule 4.13, the Company does not hold any assets other than
the Midstream Assets. 
 4.14 Financial Statements. Accurate copies of the Company’s financial statements since inception are
attached hereto as Schedule 4.14. 
 4.15 No Conflicts; Required Consents. Except as otherwise disclosed to Buyer on
Schedule 4.15, the execution, delivery and performance by Seller and the Company of this Agreement, the instruments to be delivered pursuant hereto and the transactions contemplated herein, do not and will not: (i) conflict with or
result in a violation or breach of, or default under, any provision of the certificate of formation, operating agreement or other organizational document of Seller or the Company, including the existing LLC agreement; (ii) conflict with or
result in a violation or breach of any provision of any Applicable Law or governmental order applicable to Seller or the Company; (iii) require the consent, notice or other action by any Person under, conflict in any material respect with,
result in a material violation or material breach of, constitute a material default under (or an event which might, with the passage of time or the giving of notice, or both, constitute a default) or result in the termination, amendment,
acceleration, suspension, revocation or cancelation of any Material Contract or permit to which the Company is bound or to which any Midstream Asset is subject; or (iv) result in imposition of 

  
 10 

 
any encumbrance on any of the Midstream Assets. Except as otherwise disclosed to Buyer on Schedule 4.15, no notice to, consent, approval, permit or authorization of, or exemption by, or
filing with, any Governmental Authority or any other Person is required to be obtained or made by Seller or the Company in connection with the execution, delivery or performance of this Agreement, the instruments to be delivered pursuant hereto and
the transactions contemplated herein. Except as otherwise disclosed to Buyer on Schedule 4.15, no statute, rule or regulation, or order of any Governmental Authority prohibits Seller or the Company from consummating the transactions
contemplated hereby. 
 4.16 Compliance with Laws. Except as otherwise disclosed to Buyer on Schedule 4.16, the Company is in
material compliance and since its inception has been in compliance, in all material respects with all Applicable Laws and the Company has not, since its inception, received notice of any action, suit, proceeding, hearing, investigation, charge,
complaint, claim or demand filed or commenced against, or any request for information with respect to, the Company alleging any failure to comply or any actual or potential liability pursuant to Applicable Laws that is outstanding and unresolved.
Except as otherwise disclosed to Buyer on Schedule 4.16, the Company has not received any request for information from and, to Seller’s knowledge, there is no pending investigation of the Company by, any Governmental Authority, in each
case, regarding any anti-corruption law. Except as otherwise disclosed to Buyer on Schedule 4.16, no member of the Company or any consultant, agent or independent contractor of the Company has, on behalf of the Company, corruptly taken any
act in furtherance of an offer, payment, promise to pay, authorization or ratification of the payment, directly or indirectly, of any gift, money or anything of value to a government official to secure any improper advantage (within the meaning of
such term or similar term under any applicable anti-corruption law) or to obtain or retain business. 
 4.17 Environmental Matters.
Except as otherwise disclosed to Buyer on Schedule 4.17, the Company is in material compliance and has complied in all material respects with all Environmental Laws applicable to its business, and the Seller does not have Knowledge and the
Company has not received notice of any action, suit, proceeding, hearing, investigation, charge, complaint, claim or demand filed or commenced against, or any request for information with respect to, the Company alleging any failure to comply or any
actual or potential liability pursuant to applicable Environmental Laws. Except as disclosed to Buyer on Schedule 4.17 since the Company’s inception, no event has occurred or circumstance exists that (with or without notice or lapse of
time) could reasonably be expected to (i) constitute or result in a material violation of, or a material failure to comply with, any Environmental Laws in connection with the conduct of the business of the Company; (ii) give rise to any
material obligation of the Company to undertake, or bear all or any portion of the cost of, any remedial action of any nature (including any investigatory, monitoring, remedial or corrective action obligations pursuant to Environmental Laws); or
(iii) require any material capital expenditures or a material change to the operation of the business of the Company in order to comply with Environmental Laws. Except as disclosed to Buyer on Schedule 4.17, since its inception, the
Company has not, nor, to Seller’s knowledge, has any other Person, released or exposed any Person to any Hazardous Materials in connection with the business of the Company, which release or exposure could reasonably be expected to require
investigation, remediation or response actions pursuant to Environmental Laws or to result in any liability. Except as disclosed to Buyer on Schedule 4.17, since its inception, the Company has not entered into any 

  
 11 

 
indemnity or other contract with any other Person imposing liabilities in connection with its business under any Environmental Law or related to Hazardous Materials, or which could reasonably be
expected to result in any such liability. Prior to the Closing Date, Seller has made available to Buyer all environmental reports, results of tests, inspections, audits and investigations, notices of actual or potential violation or liability, and
other documents in its possession, custody or control material to an understanding of the environmental liabilities of the business of the Company provided within the last two years. 

4.18 Tax. Except as otherwise disclosed to Buyer on Schedule 4.18: (i) the Company has duly and timely filed with the
appropriate Governmental Authority all material tax returns required to be filed (taking into account any valid extensions) by it; (ii) such tax returns are true, complete and correct in all material respects and accurately reflect all
liability for taxes of the Company for the periods covered thereby; (iii) the Company is not currently the beneficiary of any extension of time within which to file any tax return; (iv) all material taxes due and owing by the Company
(whether or not shown on any tax return) have been paid within the time required by Applicable Law, and adequate reserves have been established on the Company’s financial statements in accordance with GAAP for any taxes that are not yet due and
payable, for all taxable periods, or portions thereof; (iv) the Company has not waived any statute of limitations affecting any liability for taxes or agreed to any extension of time during which a tax assessment or deficiency assessment may be
made or extending the time within which to file any tax return; (v) the Company has not granted any power of attorney with respect to any taxes that is currently in force; (vi) there are no currently ongoing or pending audits, suits,
claims, investigations, examinations, litigations or other proceedings by any Governmental Authority with respect to any taxes of the Company, and the Company has not received notice of the commencement of any audit, suit, claim investigation,
examination, litigation or other proceeding concerning any taxes of the Company; (vii) the Company has not been subject to tax in a jurisdiction in which it does not currently file tax returns or pay taxes and no claim has been made since
inception of the Company by any Governmental Authority in a jurisdiction where the Company does not file tax returns that the Company is or may be subject to taxation by that jurisdiction; (viii) all deficiencies for material taxes asserted or
assessed against the Company have been fully and timely paid or settled; (ix) the Company is not negotiating any final or draft assessment or reassessment in respect of taxes with any Governmental Authority; (x) the Company is not a party
to any tax sharing, indemnity or similar agreement, and does not have any liability for the taxes of any other Person as a transferee or successor, or by contract or otherwise; (xi) the Company has not received any refund of taxes to which it
is not entitled; (xii) the Company is not subject to any joint venture, partnership or other arrangement or contract that is treated as a partnership for income tax purposes in any jurisdiction; (xiii) all material taxes which the Company
is obligated to withhold, collect or remit in respect of amounts allocable, credited, paid or owing (including any amount deemed to have been credited or paid) to any employee, independent contractor, director, officer, creditor, partner or other
Person have been duly withheld or collected and have been timely remitted or paid over to the proper Governmental Authority or other Person (or set aside for payment when due); (xiv) there are no liens for taxes upon the assets or properties of
the Company; (xv) the Company has not participated in a “listed transaction,” as defined in Treasury Regulation §1.6011-4(b)(2); and (xvi) the Company is, and has been at all times since its formation, classified as either a
partnership or an entity disregarded as separate from its owner for U.S. federal income tax purposes. 

  
 12 

 4.19 Affiliate Transactions. Except as otherwise disclosed to Buyer on Schedule
4.19, neither Seller nor any current or former member, officer, director, equityholder or Affiliate of the Company, or any individual in Seller’s or such officer’s, director’s or equityholder’s family (including any spouse or
significant other), or any person which is an Affiliate of any one or more of such persons is a party to any contract with the Company, relating to the business of the Company or the Midstream Assets, or has any interest in the Midstream Assets.

 4.20 Bankruptcy, Insolvency and Reorganization. Except as otherwise disclosed to Buyer on Schedule 4.20: (i) the
Company has not made an assignment in favor of its creditors or a proposal in bankruptcy to its creditors or any class thereof nor had any petition for a receiving order presented in respect of it; (ii) the Company has not initiated proceedings
with respect to a compromise or arrangement with its creditors or for its winding up, liquidation or dissolution; and (iii) no receiver has been appointed in respect of the Company or the Midstream Assets and no execution or distress has been
levied upon the Midstream Assets. 
 4.21 Brokers. No broker, finder or investment banker or other Person is entitled to any
brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of Seller or the Company. 

ARTICLE 5  

REPRESENTATIONS AND WARRANTIES OF BUYER 

Buyer represents and warrants to Seller the following: 

5.01 Organization and Qualification of Buyer. Buyer is a Delaware limited liability company validly existing and in good standing under
the laws of the State of its formation. 
 5.02 Authority and Enforceability. Buyer has all requisite power and authority to enter
into and perform this Agreement, the instruments to be delivered pursuant hereto and the transactions contemplated herein. The execution and delivery by Buyer of this Agreement and the instruments to be delivered pursuant hereto and the performance
by Buyer of its obligations hereunder have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement is, and the instruments to be executed pursuant hereto when executed and delivered will be, the valid and
binding obligations of Buyer, and enforceable against Buyer in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and similar laws affecting the rights of
creditors generally, as well as general principles of equity (regardless of whether such enforceability is considered in a Proceeding in equity or at law). 

5.03 Litigation. There is no written claim for breach of contract, tort or violation of Applicable Law, or investigation of which Buyer
has received written notice, or any suit, action or litigation, by any person, and no legal, administrative or arbitration proceedings pending or threatened in writing against Buyer that, as of the date of this Agreement, would have a material
adverse effect upon the ability of Buyer to consummate the transactions contemplated by this Agreement. 

  
 13 

 5.04 No Conflicts; Required Consents. Except as otherwise disclosed to Seller on
Schedule 5.04, the execution, delivery and performance by Buyer of this Agreement, the instruments to be delivered pursuant hereto and the transactions contemplated herein, do not and will not: (i) conflict with or result in a violation
or breach of, or default under, any provision of the certificate of formation, operating agreement or other organizational document of Buyer; or (ii) conflict with or result in a violation or breach of any provision of any law or governmental
order applicable to Buyer. Except as otherwise disclosed to Seller on Schedule 5.04, no notice to, consent, approval, permit or authorization of, or exemption by, or filing with, any Governmental Authority or any other person is required to
be obtained or made by Buyer in connection with the execution, delivery or performance of this Agreement, the instruments to be delivered pursuant hereto and the transactions contemplated herein. Except as otherwise disclosed to Seller on Schedule
5.04, no statute, rule or regulation, or order of any Governmental Authority prohibits Buyer from consummating the transactions contemplated hereby. 

5.05 Investment Intent. Buyer acknowledges that the offer for the sale of the Company Interests has not been registered under the
Securities Act or under any state or foreign securities law. Buyer is acquiring the Company Interests for its own account for investment, without a view to, or for a resale in connection with, the distribution thereof in violation of the Securities
Act or any applicable state or foreign securities law and with no present intention of distributing or reselling any part thereof. 
 5.06
Brokers. No broker, finder or investment banker or other Person is entitled to any brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by or on
behalf of Buyer. 
 5.07 Independent Evaluation. Buyer is sophisticated in the evaluation, purchase, ownership and operation of
midstream assets similar to Midstream Assets. In making its decision to enter into this Agreement and to consummate the transactions contemplated hereby, in addition to its reliance on Seller’s representations and warranties in ARTICLE
4, Buyer (a) has relied or shall rely solely on its own independent investigation and evaluation of the Company and the Midstream Assets and the advice of its own legal, tax, economic, environmental, engineering, geological and geophysical
advisors and the express provisions of this Agreement and not on any comments, statements, projections or other materials made or given by Seller or any of its Affiliates or representatives, and (b) has satisfied itself through its own due
diligence as to the environmental and physical condition of and contractual arrangements and other matters affecting the Company and the Midstream Assets. Without limiting the generality of the foregoing, Buyer acknowledges that neither Seller, the
Company nor any of their representatives or Affiliates make any representation or warranty, express or implied, with respect to (a) any projections, estimates or budgets delivered to or made available to Buyer of future revenues, future results
of operations (or any component thereof), future cash flows or future financial condition (or any component thereof) of the Company or the future business and operations of the Company, or (b) any other information or documents made available
to Buyer or its representatives with respect to the Company, or its business, the Midstream Assets, liabilities or operations, except as expressly set forth in this Agreement, and that all such projections, estimates, budgets or other information or
documents have been furnished to Buyer solely as an accommodation. Buyer further acknowledges that it has not relied on any representation or warranty, express or implied, not expressly set forth in ARTICLE 4. 

  
 14 

 ARTICLE 6

INDEMNIFICATION 

6.01 Indemnification by Seller. Subject to the limitations expressly set forth herein, Seller will indemnify and hold
harmless Buyer, each of its Affiliates and each of their respective directors, officers, employees, agents, representatives, stockholders, successors and assigns (collectively, the “Buyer Indemnified Parties”) from and against any
and all Losses incurred by the Buyer Indemnified Parties arising, resulting from or relating to (a) any breach of or any inaccuracy in any representation or warranty made by the Company or Seller in ARTICLE 4, and (b) any breach or
nonperformance of any covenant or obligation of the Company or Seller set forth in this Agreement. 
 6.02 Indemnification by Buyer.
Subject to the limitations expressly set forth herein, Buyer will indemnify and hold harmless Seller, each of its Affiliates and each of their respective directors, officers, employees, agents, representatives, stockholders, successors and assigns
(collectively, the “Seller Indemnified Parties”) from and against any and all Losses incurred by the Seller Indemnified Parties arising or resulting from (a) any breach of or any inaccuracy in any representation or warranty
made by Buyer in ARTICLE 5 and (b) any breach or nonperformance of any covenant or obligation of Buyer set forth in this Agreement. 

6.03 Claim Procedure. 

(a) A Party that seeks indemnity under this ARTICLE 6 (an “Indemnified Party”) will give written notice (a
“Claim Notice”) to the Party from whom indemnification is sought (an “Indemnifying Party”) whether the Losses sought arise from matters solely between the Parties or from Third Party Claims described in
Section 6.03(b). The Claim Notice must contain (i) a description and, if known, the estimated amount of any Losses incurred or reasonably expected to be incurred by the Indemnified Party, (ii) a reasonable explanation of the
basis for the Claim Notice to the extent of the facts then known by the Indemnified Party and (iii) a demand for payment of those Losses; provided, however, that no delay or deficiency on the part of the Indemnified Party in so
notifying the Indemnifying Party will relieve the Indemnifying Party of any liability under this Agreement except to the extent such delay or deficiency prejudices or otherwise materially and adversely affects the rights of the Indemnifying Party
with respect thereto. 
 (b) If the Indemnified Party seeks indemnity under this ARTICLE 6 in response to a claim or Proceeding by
another Person not a party to this Agreement (a “Third Party Claim”), then the Indemnified Party will give a Claim Notice to the Indemnifying Party within ten (10) days after the Indemnified Party has received notice or
otherwise learns of the assertion of such Third Party Claim and will include in the Claim Notice (i) the facts constituting the basis for such Third Party Claim and the amount of the damages claimed by the other Person, in each case to the
extent known to the Indemnified Party, accompanied by reasonable supporting documentation submitted by such third party and (ii) the assertion of the claim or the 

  
 15 

 
notice of the commencement of any Proceeding relating to such Third Party Claim; provided, however, that no delay or deficiency on the part of the Indemnified Party in so notifying
the Indemnifying Party will relieve the Indemnifying Party of any liability under this Agreement except to the extent such delay or deficiency prejudices or otherwise materially and adversely affects the rights of the Indemnifying Party with respect
thereto. 
 (c) In the event of a Third Party Claim, the Indemnifying Party will be entitled to participate in the defense thereof, at its
own expense, and, if it so chooses, assume at any time control of the defense thereof by giving to the Indemnified Party written notice of its intention to assume control of the defense of such Third Party Claim; provided, however,
that the Indemnified Party may participate in the defense of such Third Party Claim with its own counsel at its own expense and, in connection with such participation, the Indemnified Party shall be entitled to retain one counsel at the sole cost
and expense of the Indemnifying Party, to the extent an actual conflict of interest exists between the Indemnified Party and Indemnifying Party in respect of any such defense. The Party that is not in control of the defense of any such Third Party
Claim will furnish the controlling Party with such information as it may have with respect to such Third Party Claim and related Proceedings (including copies of any summons, complaint or other pleading which may have been served on such party and
any written claim, demand, invoice, billing or other document evidencing or asserting the same), and will, at the Indemnifying Party’s expense, otherwise cooperate with and assist in good faith the defense of the Third Party Claim, including
providing reasonable access as requested by the controlling Party to employees of the Company to assist in defending such Third Party Claims. 

(d) The Indemnifying Party will not agree to any settlement of, or consent to the entry of, any judgment (other than a judgment of dismissal
on the merits without costs) arising from, any such Third Party Claim without the prior written consent of the Indemnified Party (such consent not to be unreasonably withheld, conditioned or delayed); provided, however, that the
consent of the Indemnified Party will not be required if the Indemnifying Party agrees in writing to pay any amounts payable pursuant to such settlement or any judgment and such settlement or judgment includes a release of the Indemnified Party from
further liability. The Indemnified Party will not agree to any settlement of, or the entry of any judgment (other than a judgment of dismissal on the merits without costs) arising from, any such Third Party Claim without the prior written consent of
the Indemnifying Party (such consent not to be unreasonably withheld, conditioned or delayed). 
 6.04 Survival. All representations
and warranties contained in this Agreement will survive the Closing for nine (9) months, except for Fundamental Representations which will survive indefinitely. All covenants and obligations contained in this Agreement will survive the Closing
until the expiration of the applicable statute of limitations or for such shorter period specified herein. All claims under this Agreement must be asserted pursuant to a Claim Notice given prior to the expiration of the applicable survival period
set forth in this Section 6.04. 
 6.05 Limitations on Liability. 

(a) Cap and Deductible. Notwithstanding anything to the contrary contained in this Agreement: 

  
 16 

 (i) no indemnification payments will be made, except with respect to the Fundamental
Representations, under Section 6.01(a) or Section 6.02(a) in respect of any individual claim or series of claims having the same nature or origin where the Losses relating thereto are less than $100,000, and such items less
than $100,000 will not be aggregated for purposes of calculating the Deductible in clause (ii) below; 
 (ii) no indemnification
payments will be made, except with respect to the Fundamental Representations, under Section 6.01(a) or Section 6.02(a) until the aggregate amount of Losses for which an Indemnifying Party would (but for this clause (ii)) be
liable thereunder exceeds one percent (1%) of the Final Purchase Price (the “Deductible”), and then only to the extent of such excess over the Deductible; and 

(iii) the aggregate total amount in respect of which the Indemnifying Party will be liable to indemnify and hold harmless the Indemnified
Parties pursuant to Section 6.01(a) or Section 6.02(a), as applicable, will not exceed the lesser of (A) the Indemnified Parties’ actual Losses otherwise recoverable under this ARTICLE 6 and (B) ten
percent (10%) of the Final Purchase Price, except for indemnification for breaches of the Fundamental Representations, which will not exceed the lesser of (C) Seller’s actual Losses otherwise recoverable under this ARTICLE 6
and (D) the Final Purchase Price. 
 (b) Knowledge of Breach. No Person will be entitled to indemnification under
Section 6.01(a) or Section 6.02(a) to the extent that the facts and circumstances giving rise to the claim have been disclosed in any Schedules (subject to Section 7.17) hereto. 

(c) Insurance Proceeds and Other Payments. The amount of any and all Losses for which indemnification is provided pursuant to this
ARTICLE 6 will be net of any amounts of any insurance proceeds, indemnification payments, contribution payments or reimbursements realized by, or payable in kind to, the Indemnified Party with respect to such Losses or any of the
circumstances giving rise thereto, net of any collection costs and the cost of any insurance policy issued or underwritten by the Indemnified Party or its Affiliates. In connection therewith, if, at any time following payment in full by the
Indemnifying Party of any amounts of Losses due under this Agreement, the Indemnified Party receives any insurance proceeds, indemnification payments, contribution payments or reimbursements relating to the circumstances giving rise to such Losses,
the Indemnified Party will promptly remit to the Indemnifying Party such proceeds, payments or reimbursements in an amount not to exceed the amount of the corresponding indemnification payment made by the Indemnifying Party, net of any collection
costs and the cost of any insurance policy issued or underwritten by the Indemnified Party or its Affiliates. The Parties will use (and will cause their respective Affiliates to use) reasonable efforts to collect the proceeds of any available
insurance which would have the effect of reducing any Losses (in which case the net proceeds thereof will reduce the Losses). 
 (d)
Mitigation. The Indemnified Party will use its reasonable efforts to mitigate any Losses with respect to which it may be entitled to seek indemnification pursuant to this Agreement. 

(e) Subrogation. If an Indemnified Party is indemnified for any Losses pursuant to this Agreement with respect to any claim by a Person
not party to this Agreement, 

  
 17 

 
then the Indemnifying Party will be subrogated to all rights and remedies of the Indemnified Party against such third party, and any Indemnified Party will cooperate with and assist the
Indemnifying Party in asserting all such rights and remedies against such third party. 
 (f) Other Limitations. NO PARTY WILL HAVE
ANY INDEMNITY OBLIGATIONS UNDER THIS AGREEMENT (i) FOR ANY LOSS OF PROFITS, OPPORTUNITIES OR BUSINESS OR (ii) FOR ANY EXEMPLARY, CONSEQUENTIAL, INCIDENTAL, INDIRECT, SPECIAL OR PUNITIVE DAMAGES ARISING OUT OF OR IN ANY MANNER RELATED TO
THIS AGREEMENT. 
 (g) Confirmatory Due Diligence. For the avoidance of doubt, no indemnification payments will be made by or on
behalf of Seller under Section 6.01, and no representation or warranty contained in this Agreement will be deemed to be false or inaccurate for purposes of Section 3.02(c)(ii), by virtue of any action or inaction of any
Party, or any Affiliate of any Party, as applicable, that is taken, or not taken, in connection with, or as a result of, any matter for which a remediation plan is established pursuant to Section 3 of that certain Equity Option Agreement
between SWEPI LP and Crestwood Infrastructure Holdings LLC, dated as of September 27, 2016. 
 6.06 Exclusive Remedy. From and
after the Closing, except in the case of fraud, THE SOLE AND EXCLUSIVE REMEDY OF ANY PARTY HERETO FOR ANY MATTER ARISING OUT OF THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT WILL BE PURSUANT TO THE INDEMNIFICATION OBLIGATIONS
SET FORTH IN THIS ARTICLE 6 and, except to the extent Buyer has asserted a claim for indemnification by giving a Claim Notice in accordance with Section 6.03 prior to the expiration of the applicable survival period set forth
in Section 6.04, Buyer will have no remedy against Seller for any breach of any provision of this Agreement, except in the case of fraud. 

6.07 Treatment of Indemnity Payments. Any indemnity payment made under this Agreement shall be treated by the Parties for tax purposes
as an adjustment to the Final Purchase Price to the extent consistent with Applicable Laws. 
 ARTICLE 7  

MISCELLANEOUS 

7.01 Governing Law; Waiver of Jury Trial. (a) This Agreement and any disputes arising out of or relating to this Agreement or any
contemplated transaction hereunder shall be governed by and construed, interpreted and enforced in accordance with the laws of the State of Delaware, without regard to conflict of law rules that would direct application of the laws of another
jurisdiction. EACH PARTY KNOWINGLY, VOLUNTARILY, INTENTIONALLY AND IRREVOCABLY WAIVES ITS RIGHT TO TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY CONTEMPLATED TRANSACTION, WHETHER SOUNDING IN CONTRACT,
TORT, OR OTHERWISE, INCLUDING WITH RESPECT TO ANY SUCH PROCEEDING TO WHICH ANY LENDING SOURCE IS A PARTY. 

  
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 (b) The Parties mutually consent to the jurisdiction of the federal and state courts located in
the City of Houston, Harris County, Texas and agree that any action, suit or proceeding concerning, related to or arising out of this Agreement and the negotiation of this Agreement will be brought only in a federal or state court in Harris County,
Texas and the Parties agree that they will not raise any defense or objection or file any motion based on lack of personal jurisdiction, improper venue, inconvenience of the forum or the like in any case filed in a federal or state court in the City
of Houston, Harris County, Texas. The Parties mutually agree that this Agreement is a “major transaction” within the meaning of the Texas Civil Practice and Remedies Code § 15.020 and as such agree that any action or suit arising from
this Agreement shall be brought in the federal or state courts in the City of Houston, Harris County, Texas, and venue shall be in the federal or state courts in the City of Houston, Harris County, Texas. 

7.02 Entire Agreement; Conflicts. This Agreement (including the documents, schedules, attachments, exhibits, annexes and instruments
referred to herein and therein) constitute the entire agreement between the Parties and supersedes all prior agreements, documents or other instruments with respect to the matters covered hereby. The Parties make, and have made, no oral agreements
or undertakings pertaining to the subject matter of this Agreement. In the event of any irreconcilable conflict between the terms of this Agreement and any conveyancing documents contemplated hereby, the terms of this Agreement shall be controlling.

 7.03 Waiver. No waiver of any of the provisions of this Agreement shall be effective unless in writing signed by the applicable
Party. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver unless otherwise expressly
provided. 
 7.04 Captions. The captions in this Agreement are for convenience only and shall not be considered a part of or affect
the construction or interpretation of any provision of this Agreement. 
 7.05 Assignment. This Agreement and all of the provisions
hereof shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by either Party
without the prior written consent of the other Party (such consent not to be unreasonably withheld, conditioned or delayed), and any such assignment that is not consented to shall be null and void; provided, however, that either Party may transfer
its rights and obligations hereunder to an Affiliate upon written notice to the other Party, without the prior written consent of such other Party. 

7.06 Notices. Any notice provided or permitted to be given under this Agreement shall be in writing, and may be served by personal
delivery, by depositing same in the mail, addressed to the Party to be notified, postage prepaid, and registered or certified with a return receipt requested, or by electronic mail. Notice deposited in the mail in the manner hereinabove described
shall be deemed to have been given and received on the date of the delivery as shown on the return receipt. Notice served in any other manner shall be deemed to have been given and received only if and when actually received by the addressee (except
that notice given by email 

  
 19 

 
shall be deemed given and received upon receipt only if received during normal business hours and if received other than during normal business hours shall be deemed received as of the opening of
business on the next Business Day). For purposes of notice, the postal and email addresses of the Parties shall be as follows: 
  

			
	 For Seller to:
	  	 CPB Member LLC
 811 Main Street, Suite
3400
 Houston, Texas 77002
 Attn: Executive Vice President and
Chief Operating Officer
 Email: Heath.Deneke@crestwoodlp.com
  

Copy to: General Counsel
 Email:
Joel.Lambert@crestwoodlp.com

		
	 For Buyer to:
	  	 Shell Midstream Operating LLC
 150 N. Dairy
Ashford Rd.
 Houston, Texas 77079
 Bldg A – Floor 6

Attn: Vice President – Commercial
 Email:
Kevin.Nichols@shell.com
  
 Copy to: General Counsel

Email: lori.muratta@shell.com

 Each Party shall have the right, upon giving five (5) days’ prior notice to the other in the manner hereinabove
provided, to change its address for purposes of notice. 
 7.07 Expenses. Each Party shall be solely responsible for all expenses
incurred by it in connection with this transaction (including fees and expenses of its own counsel, accountants and consultants). 
 7.08
Liability for Transfer Taxes. Buyer shall be responsible for any state or local transfer, sales, use, stamp, registration or other similar taxes resulting from, or that are imposed upon Seller or the Company as a result of, the transactions
contemplated by this Agreement. Buyer and Seller, as appropriate, shall, at the expense of Buyer, file, to the extent required by Applicable Law, all necessary tax returns and other documentation with respect to such taxes, and, if required by
Applicable Law, Buyer or Seller, as appropriate, will join in the execution of any such tax return or other documentation of the other. 

7.09 Severability. The unenforceability or invalidity of any one or more portions or provisions of this Agreement shall not affect the
enforceability or validity of the remaining portions or provisions of this Agreement. 

  
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 7.10 Tax Treatment of Purchase. Notwithstanding any provision in this Agreement to the
contrary, the Parties agree, consistent with Revenue Ruling 99-5, 1991-1 CB 434 (Situation 1), that solely for U.S. federal income tax purposes (including for the purposes of maintaining the capital accounts of the Parties), (i) the Company
will convert to a partnership when Buyer purchases the Company Interests pursuant to this Agreement, (ii) Buyer’s purchase of the Company Interests will be treated as the purchase by Buyer from Seller of a fifty percent (50%) interest
in each of the Company’s assets, which are treated as held directly by Seller, and (iii) Seller and Buyer will be treated as making a capital contribution of the their respective interests in the Company’s assets. 

7.11 Amendment. This Agreement (including the documents, attachments, exhibits, annexes, instruments and the schedules referred to
herein) may not be amended except by an instrument in writing signed by each of the Parties. 
 7.12 Further Assurances. If at any
time after the Closing, any further action is reasonably necessary to transfer the Company Interests to Buyer, Buyer and Seller shall timely execute such additional conveyances or other instruments as necessary to more effectively transfer, convey
and assign the Company Interests to Buyer. 
 7.13 Third-Party Beneficiaries. Nothing in this Agreement is intended to create any
third-party beneficiary rights respecting any Person or to confer upon any Person, other than the Parties and their respective successors and permitted assigns, any rights, remedies or obligations under or by reason of this Agreement, and the
Parties specifically negate any such intention. 
 7.14 Counterparts; Exhibits. This Agreement may be executed in one or more
counterparts (delivery of which may be made by email), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. All Attachments, Schedules and Exhibits attached hereto are hereby made a part
of this Agreement and incorporated herein by this reference. 
 7.15 Confidentiality. Neither Seller nor Buyer shall disclose the
Confidential Information of the other Party, without the prior written consent of the Party whose Confidential Information is to be disclosed, to a third party (other than a Party’s and its Affiliates’ employees, officers, directors,
lenders, investors or potential buyers, legal counsel or accountants, in each case who have agreed to keep such Confidential Information confidential) except in order to comply with Applicable Laws and regulatory filings; provided, that any Party
that receives any request for Confidential Information from any Governmental Authority shall notify the Party whose Confidential Information has been requested and shall use commercially reasonable efforts to prevent or limit such disclosure.
Neither Party shall make any press release or other public announcement related to this Agreement or the other Party without the prior written consent of the other Party, which consent shall not be unreasonably withheld, conditioned, or delayed.
This Section 7.15 shall survive for a period of two (2) years from the Closing Date. 
 7.16 Construction. The
Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties and no presumption
or burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the 

  
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provisions of this Agreement. If the date specified in this Agreement for giving any notice or taking any action is not a Business Day (or if the period during which any notices required to be
given or any action taken expires on a date which is not a Business Day), then the date for giving such notice or taking such action (and the expiration date for such period during which notice is required to be given or action taken) shall be the
next day which is a Business Day. Unless the context requires otherwise: (a) the gender (or lack of gender) of all words used in this Agreement includes the masculine and feminine; (b) references to Articles and Sections refer to Articles
and Sections of this Agreement; (c) references to Attachments, Schedules or Exhibits refer to the Attachments, Schedules and Exhibits attached to this Agreement, each of which is made a part hereof for all purposes; and (d) the word
“including” means “including, without limitation” and the word “or” is inclusive. 
 7.17 Schedules.
The inclusion of any information in any Schedule shall not be deemed to indicate that such information is required to be disclosed, or establish or be an admission of any level of materiality or similar threshold. The inclusion of an item in any
Schedule to this Agreement as an exception to a representation or warranty shall not be deemed an admission that such item or a similar item has had or would have a material adverse effect. The information contained in any Schedule is disclosed
solely for the purposes of this Agreement and any descriptions or terms of agreements and documents in the Schedules are summaries only and are qualified in their entirety by the specific terms of such agreements and documents. No disclosure in the
Schedules relating to any possible breach or violation of or dispute regarding any agreement or Applicable Law shall be construed as an admission or indication that any breach or violation exists and has actually occurred. Where the representations,
warranties or Schedules in this Agreement contain specific dollar thresholds, the items, contracts and other matters listed in response thereto may include items, contracts and other matters that are below such dollar thresholds. 

7.18 Disclaimer—Representations and Warranties. BUYER ACKNOWLEDGES AND AGREES THAT, EXCEPT TO THE LIMITED EXTENT EXPRESSLY SET
FORTH IN ARTICLE 4, (A) NEITHER SELLER NOR ANY OF SELLER’S AFFILIATES MAKE ANY REPRESENTATION OR WARRANTY, EXPRESS, STATUTORY, IMPLIED, WRITTEN, ORAL OR OTHERWISE AND (B) SELLER, FOR ITSELF AND ITS AFFILIATES, HEREBY EXPRESSLY
DISCLAIMS ANY AND ALL REPRESENTATIONS AND WARRANTIES, EXPRESS, STATUTORY, IMPLIED, WRITTEN, ORAL OR OTHERWISE, INCLUDING ANY REPRESENTATION OR WARRANTY REGARDING: (I) TITLE, (II) ANY COSTS, EXPENSES, REVENUES, RECEIPTS, ACCOUNTS RECEIVABLE OR
ACCOUNTS PAYABLE, (III) ANY CONTRACTUAL, ECONOMIC OR FINANCIAL INFORMATION AND DATA ASSOCIATED WITH THE COMPANY, (IV) THE CONTINUED FINANCIAL VIABILITY OR PRODUCTIVITY OF THE SYSTEMS, (V) THE ENVIRONMENTAL OR PHYSICAL CONDITION OF THE
SYSTEMS OR ANY ENVIRONMENTAL LIABILITY, (VI) ANY FEDERAL, STATE, LOCAL OR TRIBAL INCOME OR OTHER TAX CONSEQUENCES ASSOCIATED WITH THE MIDSTREAM ASSETS OR THE COMPANY INTERESTS, (VII) THE ABSENCE OF PATENT OR LATENT DEFECTS, (VIII) THE
STATE OF REPAIR OF THE SYSTEMS, (IX) MERCHANTABILITY OR CONFORMITY TO MODELS, (X) ANY RIGHTS OF THE BUYER UNDER APPROPRIATE LAWS TO CLAIM DIMINUTION OF CONSIDERATION OR RETURN OF THE FINAL PURCHASE PRICE, (XI) FREEDOM FROM PATENTS, COPYRIGHT OR
TRADEMARK 

  
 22 

 
INFRINGEMENT, (XII) FITNESS FOR A PARTICULAR PURPOSE, AND (XIII) PRODUCTION RATES, OPERATIONAL CAPABILITIES, OR CONTRACT OBLIGATIONS WITH RESPECT TO ANY OF THE DEDICATED PROPERTIES WHERE THE
HYDROCARBONS THEREFROM ARE TRANSPORTED THROUGH THE SYSTEMS, OR THE QUALITY, QUANTITY OR VOLUME OF HYDROCARBONS, IF ANY, TRANSPORTED THROUGH THE SYSTEMS. EXCEPT THOSE REPRESENTATIONS AND WARRANTIES EXPRESSLY CONTAINED IN ARTICLE 4,
SELLER’S INTERESTS IN THE COMPANY ARE BEING TRANSFERRED THROUGH THE SALE OF THE COMPANY INTERESTS “AS IS, WHERE IS, WITH ALL FAULTS,” AND SELLER AND ITS AFFILIATES AND THEIR RESPECTIVE REPRESENTATIVES EXPRESSLY DISCLAIM, AND BUYER
AND ITS AFFILIATES AND ITS REPRESENTATIVES EXPRESSLY DISCLAIM RELIANCE UPON, ANY OTHER REPRESENTATIONS OR WARRANTIES, OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING ANY REPRESENTATIONS OR WARRANTIES AS TO THE CONDITION, VALUE OR QUALITY OF THE COMPANY
AND THE MIDSTREAM ASSETS OR THE PROSPECTS (FINANCIAL OR OTHERWISE), RISKS AND OTHER INCIDENTS OF THE COMPANY AND THE SYSTEMS. 
 7.19
Disclaimer - Statements and Information. SELLER, FOR ITSELF AND ITS AFFILIATES, EXPRESSLY DISCLAIMS ANY AND ALL REPRESENTATIONS AND WARRANTIES, EXCEPT TO THE LIMITED EXTENT EXPRESSLY SET FORTH IN ARTICLE 4, ASSOCIATED WITH THE QUALITY,
ACCURACY, COMPLETENESS OR MATERIALITY OF THE INFORMATION, DATA AND MATERIALS FURNISHED (WHETHER ELECTRONICALLY, ORALLY, BY VIDEO, IN WRITING OR ANY OTHER MEDIUM, BY COMPACT DISC, EMAIL, OR THUMB DRIVE, IN ANY DATA ROOM OR OTHERWISE) AT ANY TIME TO
THE BUYER ASSOCIATED WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, INCLUDING, INFORMATION, DATA OR MATERIALS REGARDING: (A) TITLE TO THE SYSTEMS, (B) COSTS, EXPENSES, REVENUES, RECEIPTS, ACCOUNTS RECEIVABLE OR ACCOUNTS PAYABLE
ASSOCIATED WITH THE MIDSTREAM ASSETS, (C) CONTRACTUAL, ECONOMIC OR FINANCIAL INFORMATION ASSOCIATED WITH THE MIDSTREAM ASSETS, (D) ANY PROJECTIONS, FORECASTS, BUSINESS PLANS OR BUDGET INFORMATION, (E) THE CONTINUED FINANCIAL VIABILITY
OR PRODUCTIVITY OF THE SYSTEMS, (F) THE ENVIRONMENTAL OR PHYSICAL CONDITION OF THE SYSTEMS OR ANY ENVIRONMENTAL LIABILITY, (G) FEDERAL, STATE, LOCAL OR TRIBAL INCOME OR OTHER TAX CONSEQUENCES ASSOCIATED WITH THE MIDSTREAM ASSETS,
(H) THE ABSENCE OF PATENT OR LATENT DEFECTS, (I) THE STATE OF REPAIR OF THE SYSTEMS, (J) ANY WARRANTY REGARDING MERCHANTABILITY OR CONFORMITY TO MODELS, (K) ANY RIGHTS OF THE BUYER UNDER APPROPRIATE LAWS TO CLAIM DIMINUTION OF
CONSIDERATION OR RETURN OR ADJUSTMENT OF THE FINAL PURCHASE PRICE, (L) ANY WARRANTY OF FREEDOM FROM PATENT, COPYRIGHT OR TRADEMARK INFRINGEMENT, (M) WARRANTIES EXISTING UNDER APPLICABLE LAW NOW OR HEREAFTER IN EFFECT, (N) ANY WARRANTY
REGARDING FITNESS FOR A PARTICULAR PURPOSE AND (O) OPERATIONAL CAPABILITIES OR CONTRACT OBLIGATIONS WITH RESPECT TO THE SYSTEMS. 

[remainder of page intentionally left blank] 

  
 23 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year first set
forth above. 
  

			
	 SELLER:

	
	CPB Member LLC
		
	By:	 	/s/ Robert Halpin
	Name:	 	Robert Halpin
	Title:	 	EVP and Chief Financial Officer

  

			
	 BUYER:

	
	Shell Midstream Operating LLC
		
	By:	 	/s/ Kevin M. Nichols
	Name:	 	Kevin M. Nichols
	Title:	 	Vice President - Commercial

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