Document:

Exhibit

Transition Consulting Services Agreement
Page 1

TRANSITION CONSULTING SERVICES AGREEMENT

This Transition Consulting Services Agreement (the “Agreement”) is made effective March 30, 2017 (the “Effective Date”), by and between Shane Evangelist (“Employee”) and U.S. Auto Parts Network, Inc., its officers, directors, employees, foreign and domestic subsidiaries, benefit plans and plan administrators, affiliates, agents, joint ventures, attorneys, successors and/or assigns (collectively referred to as “Company”).
RECITALS
Employee is currently employed as the Chief Executive Officer of the Company, and Employee has notified the Company that he is resigning effective immediately.  Employee and the Company desire to transition Employee to a consultant for a limited period of time as set forth herein.  As a demonstration of that desire, Employee shall resign on the Effective Date.  In addition, on the Effective Date, Employee shall transition to a consultant through May 1, 2017 (the “Consultancy Termination Date”) pursuant to the terms of this Agreement (the period between the Effective Date and the Consultancy Termination Date, the “Transition Period”).   
AGREEMENTS
Based upon the foregoing, and in consideration of the mutual promises contained in this Agreement, Employee and the Company agree, effective upon the date of execution by Employee, as follows:
1.Consulting Services.
(a)Transition Period.  On the Effective Date, Employee hereby resigns as an officer, director, and employee of the Company and any of its affiliates and subsidiaries and transitions to a consultant for the duration of the Transition Period.  During the Transition Period, Employee shall perform transitional services on an as requested basis by the Company’s Chief Executive Officer (the “Consulting Services”) in an amount not to exceed forty (40) hours per week during the Transition Period.  Employee shall devote his best efforts, attention and energies to the business and interests of the Company while performing the Consulting Services consistent with the terms of this Agreement.    
(b)Compensation and Benefits.  As consideration for Employee’s Consulting Services during the Transition Period, Employee will receive a consulting fee equivalent to his prior base salary on a pro-rated basis for the Transition Period.  Payment for the Consulting Services shall be payable on a bi-weekly basis in accordance with the Company’s payroll practices for its employees.  Employee shall also be entitled to receive continued health care coverage and continued vesting of his equity awards through the end of the Transition Period.  Following the Effective Date, Employee shall also be eligible to receive reimbursement for any reasonable business expenses incurred 

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prior to the Effective Date or during the Transition Period in accordance with the Company’s standard policies.
2.Tax Liability.  Employee assumes full responsibility for any and all taxes, interest and/or tax penalties that may ultimately be assessed upon any payments made by Company provided hereunder. In the event that any taxing authority seeks to collect taxes, interest and/or penalties from the Company on the consideration conveyed to Employee under this Agreement, Employee will hold the Company harmless from any and all claims for such taxes, interest and/or tax penalties and will indemnify the Company against any such tax-related claims.  
3.Acknowledgment.  The Company will pay Employee all regular salary, expenses, commissions, distributions, and Company benefits due and owing as of the Effective Date, less appropriate withholdings and is not owed any monies allowed, including but not limited to those required under the California Labor Code, as of the Effective Date.  This sum is not consideration for this Agreement.  The Company will pay Employee for any vacation days that Employee has accrued but has not used as of the Effective Date.  This sum is likewise not consideration for this Agreement.   Information regarding the transfer or distribution of Employee’s USAP 401(k) Retirement Plan account (if applicable) will be provided to Employee under separate cover by Fidelity Investments Consideration following the Effective Date.  
4.Non-Admission of Liability.  
The Company hereby disclaims any wrongdoing against Employee.  Indeed, Employee agrees that neither this Agreement, nor the furnishing of the consideration for the release contained herein shall be deemed or construed at any time for any purpose as an admission by Company of any liability or unlawful conduct of any kind.
5.Release.
(a)Employee, on behalf of Employee, Employee’s spouse, successors, heirs, and assigns, hereby forever relieves, releases, and discharges the Company as well as its past, present and future officers, directors, administrators, shareholders, employees, agents, successors, subsidiaries, parents, assigns, representatives, brother/sister corporations, and all other affiliated or related corporations, all benefit plans sponsored by the Company, and entities, and each of their respective present and former agents, employees, or representatives, insurers, partners, associates, successors, and assigns, and any entity owned by or affiliated with any of the above (collectively, the “Released Parties”), from any and all claims, debts, liabilities, demands, obligations, liens, promises, acts, agreements, costs and expenses  (including but not limited to attorneys’ fees), damages, actions, and causes of action, of whatever kind or nature, including but not limited to any statutory, civil, administrative, or common law claims, whether known or unknown, suspected or unsuspected, fixed or contingent, apparent or concealed, arising out of any act or omission occurring before Employee’s execution of this Agreement, including but not limited to any claims based on, arising out of, or related to Employee’s employment with, or the transitioning of and/or ending of Employee’s 

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employment with the Company, any claims arising from rights under federal, state, and local laws relating to the regulation of federal or state tax payments or accounting; federal, state or local laws that prohibit harassment or discrimination on the basis of race, national origin, religion, sex, gender, age, marital status, bankruptcy status, disability, perceived disability, ancestry, sexual orientation, family and medical leave, or any other form of harassment or discrimination or related cause of action (including but not limited to failure to maintain an environment free from harassment and retaliation, inappropriate comments or touching and/or “off-duty” conduct of other Company employees); statutory or common law claims of any kind, including but not limited to, any alleged violation of Title VII of the Civil Rights Act of 1964, The Civil Rights Act of 1991, Sections 1981 through 1988 of Title 42 of the United States Code, as amended; The Employee Retirement Income Security Act of 1971, as amended, The Americans with Disability Act of 1990, as amended, the Age Discrimination in Employment Act, 29 U.S.C. Sections 621 et. seq., the Workers Adjustment and Retraining Notification Act, as amended; the Occupational Safety and Health Act, as amended, the Sarbanes-Oxley Act of 2002, the California Family Rights Act (Cal. Govt. Code § 12945.2 et. seq.), the California Fair Employment and Housing Act (Cal. Govt. Code § 12900 et. seq.), statutory provision regarding retaliation/discrimination for filing a workers’ compensation claim under Cal. Labor Code § 132a, California Unruh Civil Rights Act, California Sexual Orientation Bias Law (Cal. Lab. Code § 1101 et. seq.), California AIDS Testing and Confidentiality Law, California Confidentiality of Medical Information (Cal. Civ. Code § 56 et. seq.), contract, tort, and property rights, breach of contract, breach of implied-in-fact contract, breach of the implied covenant of good faith and fair dealing, tortious interference with contract or current or prospective economic advantage, fraud, deceit, invasion of privacy, unfair competition, misrepresentation, defamation, wrongful termination, tortious infliction of emotional distress (whether intentional or negligent), breach of fiduciary duty, violation of public policy, or any other common law claim of any kind whatsoever; any claims for severance pay, sick leave, family leave, liability pay, overtime pay, vacation, life insurance, health insurance, continuation of health benefits, disability or medical insurance, or Employee’s 401(k) rights or any other fringe benefit or compensation; and any claim for damages or declaratory or injunctive relief of any kind.  The Parties agree and acknowledge that the release contained in this Paragraph 5 does not apply to any vested rights Employee may have under any 401(k) Savings Plan with the Company.  Employee represents that at the time of the execution of this Agreement; Employee suffers from no work-related injuries and has no disability or medical condition as defined by the Family Medical Leave Act.  Employee represents that Employee has no workers’ compensation claims that Employee intends to bring against the Company.  Employee understands that nothing contained in this Agreement, including, but not limited to, this Paragraph 5, will be interpreted to prevent Employee from filing a charge with a governmental agency or participating in or cooperating with an investigation conducted by a governmental agency, including the Equal Employment Opportunity Commission.  Employee further acknowledges that this release also releases the Company for all claims of unpaid wages, including unpaid overtime wages, related to Employee’s employment with the Company and subject to the terms of this Agreement.   

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(b)Mistakes in Fact; Voluntary Consent.  The Parties, and each of them, expressly and knowingly acknowledges that, after the execution of this Agreement, the Parties may discover facts different from or in addition to those that they now know or believe to be true with respect to the claims released in this Agreement.  Nonetheless, this Agreement shall be and remain in full force and effect in all respects, notwithstanding such different or additional facts and Employee intends to fully, finally, and forever settle and release those claims released in this Agreement.  In furtherance of such intention, the release given in this Agreement shall be and remain in effect as a full and complete release of such claims, notwithstanding the discovery and existence of any additional or different claims and each Parties assume the risk of misrepresentations, concealments, or mistakes, and if the Parties should subsequently discover that any fact relied upon in entering into this Agreement was untrue, that any fact was concealed, or that Employee’s understanding of the facts or law was incorrect, Employee shall not be entitled to set aside this Agreement or the settlement reflected in this Agreement or be entitled to recover any damages on that account.  
(c)Section 1542 of the California Civil Code.  Employee expressly waives any and all rights and benefits conferred upon Employee by Section 1542 of the California Civil Code, which states as follows:
A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN EMPLOYEE’S FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY EMPLOYEE MUST HAVE MATERIALLY AFFECTED EMPLOYEE’S SETTLEMENT WITH THE DEBTOR.
Thus, notwithstanding the provisions of section 1542, and to implement a full and complete release and discharge of the Released Parties, Employee expressly acknowledges this General Release is intended to include in its effect, without limitation, all claims Employee does not know or suspect to exist in Employee’s favor at the time of signing this Agreement, and that this General Release contemplates the extinguishment of any such claim.  Employee warrants that Employee has read this General Release, including this waiver of California Civil Code section 1542, and that Employee has consulted counsel about this Agreement and specifically about the waiver of section 1542, and that Employee understands this Agreement and the section 1542 waiver, and so Employee freely and knowingly enters into this Agreement.  Employee acknowledges that Employee may later discover facts different from or in addition to those Employee now knows or believes to be true regarding the matters released or described in this General Release, and even so Employee agrees that the releases and agreements contained in this General Release shall remain effective in all respects notwithstanding any later discovery of any different or additional facts.  Employee assumes any and all risk of any mistake in connection with the true facts involved in the matters, disputes, or controversies released or described in this Agreement or with regard to any facts now unknown to Employee relating thereto.  Employee hereby expressly waives and relinquishes all rights and benefits under the foregoing section and any law of any other jurisdiction of similar effect with respect to Employee’s release of any unknown or unsuspected claims herein.

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Accordingly, Employee knowingly, voluntarily and expressly waives any rights and benefits arising under Section 1542 of the California Civil Code and any other statute or principle of similar effect.
(d)No Lawsuits.  Employee agrees to take any and all steps necessary to insure that no lawsuit arising out of any claim released herein shall ever be prosecuted by Employee or on Employee’s behalf in any forum, and hereby warrants and covenants that no such action has been filed or shall ever be filed or prosecuted.  Employee also agrees that if any claim is prosecuted in Employee’s name before any court or administrative agency that Employee waives and agrees not to take any award or other damages from such suit to the extent permissible under applicable law.  
6.Confidential and Proprietary Information / Return of Company Property.  Employee acknowledges that as a result of Employee’s employment with the Company, Employee has had access to the Company’s confidential and proprietary business information, including, but not limited to, product information, pricing strategies, vendor and supplier information, business plans, research and development activities, manufacturing and marketing techniques, technological and engineering data, processes and inventions, legal matters affecting the Company and its business, customer and prospective customers information, trade secrets, bid prices, contractual terms and arrangements, prospective business transactions, and financial and business forecasts (“Confidential Information”).  Employee also acknowledges and reaffirms Employee’s compliance and ongoing obligation to comply with that certain Confidential Information and Invention Assignment Agreement, dated March 28, 2016, entered into with the Company.  Confidential Information also includes information, knowledge or data of any third party doing business with the Company that the third party has identified as being confidential.  Employee agrees not to use or to disclose to anyone any Confidential Information at any time in the future without the prior written authorization of the Company, unless ordered to do so by a court of competent jurisdiction.  In the event of any such court order, Employee agrees to promptly notify the Company and to afford the Company the opportunity to take appropriate legal action prior to Employee’s disclosure of any Confidential Information.
Employee understands and acknowledges that whether or not Employee signs this Agreement, Employee has both a contractual and common law obligation to protect the confidentiality of the Company’s trade secret information after the termination of Employee’s employment for so long as the information remains confidential.  Employee further agrees to immediately return all Company property in Employee’s possession, including but not limited to all materials, documents, photographs, handbooks, manuals, electronic records, files, laptop computer, cellular telephones, keys and access cards, no later than two days after the Effective Date and Employee certifies that Employee has not and will not retain any Company property, trade secret or other operating or strategic information, provided however, Employee make retain his Company provided computer and phone during the Transition Period.   
7.Non-solicitation.  Employee will not directly or indirectly during the Transition Period or for a period of one (1) year following the Consultancy Termination 

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Date, attempt to disrupt, damage, impair or interfere with the Company's business by raiding or hiring any of the Company's employees or soliciting any of them to resign from their employment by the Company, or by disrupting the relationship between the Company and any of its consultants, agents, representatives, vendors, customers and other business partners. Employee acknowledges that this covenant is necessary to enable the Company to maintain a stable workforce and remain in business.  
8.Remedies.  Employee understands and agrees that in the event Employee violates any provision of this Agreement, including the provisions set forth in Paragraphs 5, 6, or 7, then the Company shall have the right, among other things, (a) to apply for and receive an injunction to restrain any violation of this Agreement; and (b) to immediately terminate the Consulting Services. The remedies available to the Company pursuant to this Paragraph 8 are in addition to, and not in lieu of, any remedies which may be available under statutory and/or common law relating to trade secrets and the protection of the Company’s business interest generally.
9.Nonassignment.  Employee represents and warrants that Employee has not assigned or transferred any portion of any claim or rights Employee has or may have to any other person, firm, corporation or any other entity, and that no other person, firm, corporation, or other entity has any lien or interest in any such claim.  
10.Future Cooperation. Employee agrees to cooperate reasonably with the Company, its successors, and all the Company affiliates (including the Company’s outside counsel) in connection with the contemplation, prosecution and defense of all phases of existing, past and future litigation, regulatory or administrative actions about which the Company reasonably believes Employee may have knowledge or information. Employee further agrees to make himself available at mutually convenient times as reasonably deemed necessary by the Company’s counsel. The Company shall not utilize this Section to require Employee to make himself available to an extent that it would unreasonably interfere with employment responsibilities that he may have, and shall reimburse Employee for any pre-approved reasonable business travel expenses that he incurs on the Company’s behalf as a result of this Section, after receipt of appropriate documentation consistent with the Company’s business expense reimbursement policy. Employee agrees to appear without the necessity of a subpoena to testify truthfully in any legal proceedings in which the Company calls him as a witness. Employee further agrees that he shall not voluntarily provide information to or otherwise cooperate with any individual or private entity that is contemplating or pursuing litigation or any type of action or claim against the Company, its successors or affiliates, or any of their current or former officers, directors, employees, agents or representatives. 
11.Consideration and Revocation Period.  Employee may revoke Employee’s release of claims, insofar as it extends to potential claims under the Age Discrimination in Employment Act, by informing the Company of Employee’s intent to revoke Employee’s release within seven (7) calendar days following Employee’s execution of this Agreement.  Employee understands that any such revocation must be in writing and delivered by hand or by certified mail - return receipt requested - within the applicable period to Human Resources Department, 16941 Keegan Avenue, Carson, California 

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90746.  Employee understands that if Employee exercises Employee’s right to revoke, then the Company will have no obligations under this Agreement to Employee or to others whose rights derive from Employee.
The Agreement shall not become effective or enforceable, until the revocation period identified above has expired.  The terms of this Agreement shall be open for acceptance by Employee for a period of twenty-one (21) calendar days. Employee understands that Employee should, and the Company hereby advises Employee to, consult with legal counsel regarding the releases contained herein and to consider whether to accept the Company’s offer and sign the Agreement. Employee acknowledges that it has been Employee’s decision alone whether or not to consult with counsel regarding this Agreement. Employee acknowledges that no proposal or actual change that Employee or Employee’s counsel makes with respect to this Agreement will restart the 21-day period.
Employee acknowledges that Employee was permitted to use as much of the 21-day consideration period as Employee wished prior to signing, but by Employee’s signature below Employee acknowledges that Employee has chosen to voluntarily execute this Agreement earlier and to waive the remaining days of such 21-day period.  
12.Miscellaneous Provisions
(a)Integration.  This Agreement, together with that certain Confidential Information and Invention Assignment Agreement, dated March 28, 2016, entered into with the Company, constitutes a single, integrated written contract expressing the entire Agreement of the parties concerning the subject matter referred to in this Agreement.  No covenants, agreements, representations, or warranties of any kind whatsoever, whether express or implied in law or fact, have been made by any party to this Agreement, except as specifically set forth in this Agreement.  All prior and contemporaneous discussions, negotiations, and agreements have been and are merged and integrated into, and are superseded by, this Agreement.
(b)Modifications.  No modification, amendment, or waiver of any of the provisions contained in this Agreement shall be binding upon any party to this Agreement unless made in writing and signed by both parties.
(c)Severability.  Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law and to carry out each provision herein to the greatest extent possible, but if any provision of this Agreement is held to be void, voidable, invalid, illegal or for any other reason unenforceable, the validity, legality and enforceability of the other provisions of this Agreement will not be affected or impaired thereby. 
(d)Non-Reliance on Other Parties.  Except for statements expressly set forth in this Agreement, no party has made any statement or representation to any other party regarding a fact relied on by the other party in entering into this Agreement, and no party has relied on any statement, representation, or promise of any other party, or of any 

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representative or attorney for any other party, in executing this Agreement or in making the settlement provided for in this Agreement.
(e)Negotiated Agreement.  The terms of this Agreement are contractual, not a mere recital, and are the result of negotiations between the parties.  Accordingly, no party shall be deemed to be the drafter of this Agreement.
(f)Successors and Assigns.  This Agreement shall inure to the benefit of and shall be binding upon the heirs, successors, and assigns of the parties hereto and each of them.  In the case of the Company, this Agreement is intended to release and inure to the benefit of any affiliated corporations, parent corporations, brother-sister corporations, subsidiaries (whether or not wholly owned), divisions, shareholders, officers, directors, agents, representatives, principals, and  employees.
(g)Applicable Law; Venue.  This Agreement shall be construed in accordance with, and governed by, the laws of the State of California without taking into account conflict of law principles.  Employee and the Company agree to submit to personal jurisdiction in the State of California and to venue in its courts. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
(h)Attorneys’ Fees.  In the event suit is brought to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to receive, in addition to any other relief, reasonable attorneys’ fees and costs.
(i)Restrictions on Selling Stock of Company.  The Company and Employee agree that from and after the Effective Date, Employee will continue to be subject to the Company’s insider trading policy until the Company’s first open trading window following the Consultancy Termination Date.
(j)This Agreement may be executed via facsimile and in one or more counterparts, each of which shall be deemed an original, but all of which together constitute one and the same instrument, binding on the parties.
EMPLOYEE ACKNOWLEDGES AND AGREES THAT EMPLOYEE HAS CAREFULLY READ AND VOLUNTARILY SIGNED THIS AGREEMENT, THAT EMPLOYEE HAS HAD AN OPPORTUNITY TO CONSULT WITH AN ATTORNEY OF EMPLOYEE’S CHOICE, THAT BY SIGNING THIS AGREEMENT, EMPLOYEE HAS UTILIZED OR WAIVES THE 21-DAY CONSULTING PERIOD, AND THAT EMPLOYEE SIGNS THIS AGREEMENT WITH THE INTENT OF RELEASING THE COMPANY AND ITS OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS FROM ANY AND ALL CLAIMS.

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ACCEPTED AND AGREED TO: 

	
			
	Employee
	 
	U.S. Auto Parts Network, Inc.:

	 
	 
	 

	/s/ Shane Evangelist
	 
	/s/ Aaron Coleman, CEO

	Signature
	 
	Signature

	 
	 
	 

	3/30/2017
	 
	3/30/2017

	Date
	 
	DateCrossroads Capital, Inc. 10-K

Exhibit 10.11

 

EXECUTION VERSION

 

STOCK PURCHASE AGREEMENT

 

THIS STOCK
PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of December __7_,
2016 by and among Novirian Pacific, LP and Novirian Palomar, LP (together, the “Buyers” and each, a “Buyer”),
Crossroads Capital, Inc., formerly known as Keating Capital, Inc. (“Seller”), and for purposes of Section 4 only, Centrify
Corporation, a Delaware corporation (the “Company”).

 

RECITALS

 

A.      Seller
owns of record and beneficially 1,084,873 shares of the issued and outstanding Series E Preferred Stock (the “Stock”)
of the Company; and

 

B.       The
Buyers desires to purchase from Seller, and Seller desires to sell to the Buyers, all of the Stock.

 

AGREEMENT

 

The Buyers and Seller hereby
agree as follows:

 

1.        Purchase
and Sale of Shares.

 

1.1       Purchase
and Sale. Subject to the terms and conditions of this Agreement, at the Closing (as hereinafter defined), Seller agrees to
sell and transfer to the Buyers, and the Buyers agree to purchase from Seller, an aggregate of 1,084,873 shares of the Stock (the
“Transfer Shares”), with Novirian Pacific, LP to purchase 602,755 shares of the Stock and Novirian Palomar, LP to
purchase 482,118 shares of the Stock, in each case, at a purchase price of $2.94965401 per share (the “Purchase Price”),
or an aggregate purchase price of $1,777,918.70 and $1,422,081.30, respectively.

 

1.2       Closing.
The closing of the purchase and sale of the Transfer Shares (the “Closing”) shall take place on 10:00 a.m. (PST) at
the offices of DLA Piper LLP (US), 2000 University Avenue, East Palo Alto, California 94043, on the date of this Agreement, or
at such other time and place as the Buyers and Seller shall agree in writing. The date of the Closing is hereinafter referred to
as the “Closing Date.”

 

1.3       Delivery.
Subject to the terms and conditions of this Agreement, at the Closing, Seller will deliver to the Buyers the stock certificate
or certificates held by Seller representing the Transfer Shares together with a duly executed stock assignment in the form attached
hereto as Exhibit A (the “Stock Assignment Separate From Certificate”), against payment of the Purchase Price
therefor by wire transfer of immediately available funds to Seller’s account pursuant to the wiring instructions attached
hereto as Exhibit B. For the avoidance of doubt, Seller shall assign the Transfer Shares in the allocations set forth in
Section 1.1 and the Stock Assignment Separate From Certificate but the Company shall be responsible for the issuance of stock certificates
to each Buyer representing the Transfer Shares in accordance with Section 4 hereof.

 

    1

     

    

 

EXECUTION VERSION

 

2.        Assignment
of Rights and Obligations. Seller hereby assigns to the Buyers, effective upon the Closing, all of Seller’s
rights, title and interest under the Fourth Amended and Restated Registration Rights Agreement by and among the Company,
Seller and certain other stockholders of the Company dated as of January 14, 2014, as amended by that certain First Amendment
to Fourth Amended and Restated Registration Rights Agreement by and among the Company and certain other stockholders of the
Company dated as of June 19, 2014 (together, the “Registration Rights Agreement”), the Fourth Amended and
Restated Stockholders Agreement by and among the Company, Seller and certain other stockholders of the Company, as amended by
that certain Amendment No. 1 to Fourth Amended and Restated Stockholders Agreement by and among the Company and certain other
stockholders of the Company dated as of December , 2016 (together, the “Stockholders Agreement”), the Fourth
Amended and Restated Voting Agreement by and among the Company, Seller and certain other stockholders of the Company dated as
of January 14, 2014, as amended by that certain Amendment No. 1 to Fourth Amended and Restated Voting Agreement by and among
the Company and certain other stockholders of the Company dated as of December  , 2016 (together, the “Voting
Agreement”) and the Side Letter Agreement by and between the Company and Seller dated as of May 16, 2014 (the
“Letter Agreement”, and collectively with the Registration Rights Agreement, the Stockholders’ Agreement
and the Voting Agreement, in each case, as amended and restated from time to time, the “Stock Documents”) to the
extent that such rights pertain to the Transfer Shares. The Buyers hereby agree, effective upon the Closing, to be bound by,
and to assume all obligations arising on or after the Closing Date under, the Stock Documents, to the extent such obligations
pertain to the Transfer Shares and will execute counterpart signature pages to the Stock Documents if requested by the
Company.

 

3.       Representations
and Warranties.

 

3.1       Representations
and Warranties of Seller. Seller hereby represents and warrants to the Buyers as follows:

 

(a)       Seller
has the full right, power and authority to enter into and deliver this Agreement, to perform Seller’s obligations hereunder
and to consummate the transactions contemplated hereby. All corporate action on the part of Seller necessary for the execution
of this Agreement and the performance of Seller’s obligations hereunder has been taken. This Agreement has been duly executed
and delivered by Seller. This Agreement constitutes the valid and binding obligation of Seller, enforceable against Seller in accordance
with its terms.

 

(b)       The
execution and delivery of this Agreement by Seller, the consummation of the transactions contemplated in this Agreement, and the
compliance with the terms of this Agreement will not, (i) subject to the Company’s execution of this Agreement for purposes
of Section 4 hereof with respect to the Stock Documents, conflict with, result in the breach of, or constitute a default under,
or require any consent or approval under, any agreement or instrument to which Seller is a party or by which Seller may be bound,
or (ii) result in the material violation of any law, rule or regulation or any writ, order or decree of any court or governmental
agency applicable to Seller.

 

    2

     

    

 

EXECUTION VERSION

 

(c)       The
sale of the Transfer Shares to the Buyers hereunder is not subject to any preemptive rights or rights of first refusal, tag-along,
co-sale or similar rights that have not been properly waived or complied with (i) prior to the date hereof or (ii) pursuant to
Section 4 hereof with respect to the Stock Documents. The Stock Documents and in the Seller’s actual knowledge, the Company’s
Certificate of Incorporation and Bylaws, in each case in the forms attached hereto as Exhibit C, are the only documents,
agreements or instruments to which Seller is a party or otherwise subject to that relate to the rights, preferences and privileges
of and restrictions on the Transfer Shares.

 

(d)       Seller
is the sole record and beneficial owner of the Transfer Shares and has the full right, power and authority to sell and transfer
the Transfer Shares hereunder, free and clear of any suit, proceeding, call, voting trust, proxy, lien, security interest, encumbrance,
option, charge, equitable interest or restriction of any kind or nature whatsoever (collectively, “Liens”); provided,
however, that the Transfer Shares are and will remain subject to (i) the terms and conditions of the Stock Documents and (ii) restrictions
on transfer under applicable state and federal securities laws (such Liens in clauses (i) and (ii) above, “Permitted Liens”).
Upon the payment for and the delivery of the Transfer Shares as herein provided, the Buyers will acquire good and valid title to
the Transfer Shares, free and clear of any and all Liens other than Permitted Liens.

 

(e)       Seller
acknowledges and confirms that (i) Seller has received all the information Seller considers necessary or appropriate for deciding
whether to sell the Transfer Shares to the Buyers pursuant to this Agreement, (ii) the Buyers have not made any representation
or warranty, express or implied, except as set forth in this Agreement, regarding any aspect of the sale and purchase of the Transfer
Shares, the operation or financial condition of the Company or the value of the Transfer Shares, (iii) the Buyers are not making
any recommendation as to whether Seller should sell the Transfer Shares to the Buyers, (iv) other than the express representations
and warranties stated in this Agreement, Seller is not relying upon the Buyers in making its decision to sell the Transfer Shares
to the Buyers pursuant to this Agreement, and (v) the Buyers have not given Seller any investment advice, opinion or other information
on whether the sale of the Transfer Shares is prudent.

 

(f)        Without
limiting the representations and warranties in Section 3.2(i) below, Seller acknowledges that (i) Esfandiar Lohrasbpour, a
managing member of the general partner of each of the Buyers, has the right to attend the open sessions of Board meetings of
the Company as an observer and as a result thereof has participated in discussions from time to time in open sessions of
Board meetings and other meetings regarding, among other things, the Company’s operations, business development
partners, advisors, including financial advisors, and other third parties, (ii) as a result of the foregoing or otherwise,
the Buyers currently may have, and later may come into possession of, information with respect to the Company that is not
known to Seller and that may be material to a decision to sell the Transfer Shares (“Seller Excluded
Information”), (iii) Seller has determined to sell the Transfer Shares notwithstanding its lack of knowledge of the
Seller Excluded Information and (iv) the Buyers shall have no liability to Seller, and Seller waives any claims that it might
have against the Buyers whether under applicable securities laws or otherwise, with respect to the nondisclosure of the
Seller Excluded Information in connection with the sale of the Transfer Shares and the transactions contemplated by this
Agreement.

 

    3

     

    

 

EXECUTION VERSION

 

(g)       Seller
hereby acknowledges that from and after the Closing Date, Seller has no rights, as a stockholder of the Company or otherwise, with
respect to the Transfer Shares, including with respect to any future sale or acquisition of the Company through a merger, consolidation
or otherwise, or the liquidation, dissolution or initial public offering of the Company (any of the foregoing, a “Corporate
Event”) or any other event regarding the Company or its assets or any future appreciation of the value of the Transfer Shares.
Seller further expressly acknowledges that any such Corporate Event or other event may result in the payment by the Company or
a third party of assets, funds or other proceeds to the Company’s stockholders or an increase in the value of the Company’s
capital stock such that the value attributed to the Company’s capital stock in such Corporate Event or other event (either
in an aggregate amount or on a per share basis) may be greater than the Purchase Price. Seller shall not be entitled to any additional
consideration of any kind as a result of any Corporate Event or any other event and Seller shall not seek any additional consideration
from the Buyers.

 

(h)       Other
than information that has been provided to Buyer, Seller has no actual knowledge of any event which has had or could reasonably
be expected to have a material adverse effect on the assets, business, results of operations or condition (financial or otherwise)
of the Company.

 

(i)        Seller
has had an opportunity to review the federal, state and local tax consequences of the sale of the Transfer Shares to the Buyers
and the transactions contemplated by this Agreement with Seller’s own tax advisors. Seller is relying solely on such advisors
and not on any statements or representations of the Buyers.

 

3.2          Representations
and Warranties of Buyers. Each Buyer hereby represents and warrants to Seller as follows:

 

(a)       Such
Buyer has the full right, power and authority to enter into and deliver this Agreement, to perform such Buyer’s obligations
hereunder and to consummate the transactions contemplated hereby. All corporate action on the part of such Buyer necessary for
the execution of this Agreement and the performance of such Buyer’s obligations hereunder has been taken. This Agreement
has been duly executed and delivered by such Buyer. This Agreement constitutes the valid and binding obligation of such Buyer,
enforceable against such Buyer in accordance with its terms.

 

(b)       The
execution and delivery of this Agreement by such Buyer, the consummation of the transactions contemplated in this Agreement, and
the compliance with the terms of this Agreement will not conflict with, result in the breach of, or constitute a default under,
or require any consent or approval under, any agreement or instrument to which such Buyer is a party or by which such Buyer may
be bound, or result in the material violation of any law, rule or regulation or any writ, order or decree of any court or governmental
agency applicable to such Buyer.

 

(c)       All
Transfer Shares to be acquired by such Buyer hereunder will be acquired by such Buyer for such Buyer’s own account, for investment
and not with a view to, or for resale in connection with, any distribution or public offering thereof within the meaning of the
Securities Act of 1933, as amended (the “Securities Act”).

 

    4

     

    

 

EXECUTION VERSION

 

(d)       Such
Buyer understands that the Transfer Shares have not been registered under the Securities Act by reason of exemption from the registration
requirements of the Securities Act contained in Section 4(a)(1) thereof, and that the availability of such exemption depends upon,
among other things, the bona fide nature of such Buyer’s investment intent as expressed herein.

 

(e)       Such
Buyer further acknowledges and understands that the Transfer Shares acquired by it hereunder must be held indefinitely unless they
are subsequently registered under the Securities Act or an exemption from such registration is available. Such Buyer further acknowledges
and understands that the Company is under no obligation to register any of the Transfer Shares, except as set forth in the Registration
Rights Agreement. Such Buyer understands that the certificate or certificates representing the Transfer Shares will be imprinted
with a legend which prohibits the transfer of the Transfer Shares unless they are registered or, in the opinion of counsel satisfactory
to the Company, such registration is not required.

 

(f)        Such
Buyer further acknowledges and confirms that (i) such Buyer is capable of bearing the economic risk and burden of its
investment in the Transfer Shares, the possibility of a complete loss of all of such investment, and the lack of a public
market such that it may not be possible to readily liquidate the investment when desired, (ii) at no time was such Buyer
presented with or solicited by any leaflet, public promotional meeting, circular, newspaper or magazine article, radio or
television advertisement, or any other form of general advertising, (iii) such Buyer has substantial experience in investing
in securities and therefore has the ability to “fend for itself” in connection with its investment in the
Transfer Shares, (iv) such Buyer has obtained sufficient information concerning the Company, its business, financial
condition and prospects to reach an informed and knowledgeable decision to acquire the Transfer Shares, and (v) although it
is the Company’s objective to create a public market for the Company’s common stock, there can be no assurance
that such a public market will be created.

 

(g)       Such
Buyer acknowledges and confirms that (i) such Buyer has received all the information such Buyer considers necessary or
appropriate for deciding whether to purchase the Transfer Shares from Seller pursuant to this Agreement, (ii) Seller has not
made any representation or warranty, express or implied, except as set forth in this Agreement, regarding any aspect of the
sale and purchase of the Transfer Shares, the operation or financial condition of the Company or the value of the Transfer
Shares, (iii) Seller is not making any recommendation as to whether such Buyer should purchase the Transfer Shares from
Seller, (iv) other than the express representations and warranties stated in this Agreement, such Buyer is not relying upon
Seller in making its decision to purchase the Transfer Shares pursuant to this Agreement, and (v) Seller has not given such
Buyer any investment advice, opinion or other information on whether the purchase of the Transfer Shares is prudent.

 

(h)       Such
Buyer is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.

 

(i)        Such
Buyer has no actual knowledge of any imminent Corporate Event of the Company.

 

    5

     

    

 

EXECUTION VERSION

 

4.        Company
Acknowledgement, Consent, Representations; No Liability. The Company (a) acknowledges the sale and transfer of the Transfer
Shares to the Buyers under this Agreement, (b) approves the assignment of Seller’s rights and obligations under the Stock
Documents, including without limitation under the Letter Agreement (it being agreed that the Buyers will be treated as the “Investor”
for all purposes under the Letter Agreement and the Letter Agreement will not terminate as a result of the sale and transfer of
the Transfer Shares to the Buyers hereunder), to the Buyers, in each case to the extent that such rights and obligations pertain
to the Transfer Shares, (c) represents that no other approval of the Company or its officers, directors or stockholders is required
for the consummation of the transactions contemplated by this Agreement under the Stock Documents or otherwise, and (d) confirms
that the Company will not require a legal opinion or a “no action” letter or any other agreement, document or instrument
in order to effect the sale and transfer of the Transfer Shares to the Buyers under this Agreement. The Company will issue stock
certificates to the Buyers as indicated in this Agreement and the Assignment Separate From Certificate within fifteen (15) days
following the Closing. The Company is a party to this Agreement solely for purposes of this Section 4 and as transfer agent for
the Company’s capital stock. Except for any breach of the provisions set forth in this Section 4, the Company will not be
liable to Seller or any of the Buyers in connection with the sale and transfer of the Transfer Shares under this Agreement.

 

   5.        Miscellaneous.

 

5.1       Governing
Law. This Agreement shall be governed in all respects by the laws of the State of California as such laws are applied to agreements
between California residents entered into and to be performed entirely within the State of California.

 

5.2       Amendments.
No amendment or modification of the terms and conditions of this Agreement shall be valid unless in writing and signed by all parties
hereto.

 

5.3       Entire
Agreement. This Agreement constitutes the entire agreement between the parties with respect to the transactions contemplated
hereby. This Agreement supersedes all prior agreements, understandings, negotiations and representations between the parties with
respect to such transactions.

 

5.4       Successors
and Assigns. This Agreement will be binding upon and inure to the benefit of the executors, administrators, heirs, legal representatives,
and successors of the parties to this Agreement.

 

5.5       Waiver.
Any party’s failure to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such
provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement.

 

5.6       Severable
Provisions. The provisions of this Agreement are severable, and if any one or more provisions may be determined to be unenforceable,
in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

 

5.7       Counterparts;
Facsimile and PDF Signatures. This Agreement may be executed in one or more counterparts, each of which shall be deemed
an original but all of which together shall constitute one and the same instrument. Facsimile and PDF counterpart signature
pages to this Agreement shall be acceptable and binding.

 

    6

     

    

 

EXECUTION VERSION

 

5.8       Further
Assurances. Each party shall execute and deliver such additional instruments, documents and other writings as may be reasonably
requested by the other party, before or after the Closing, in order to confirm and carry out and to effectuate fully the intent
and purposes of this Agreement.

 

5.9       Expenses.
The Buyers and Seller shall each bear their own expenses and legal fees incurred in connection with this Agreement and the transactions
contemplated hereby. Without limiting the foregoing, the Buyers shall not be liable for any broker’s or finder’s fee
or any other commission directly or indirectly in connection with the transactions contemplated herein.

 

5.10     Survival.
The representations, warranties, covenants and agreements contained in this Agreement shall survive the Closing regardless of any
investigation made by the parties hereto, provided that Seller and the Buyers will have no liability with respect to a breach of
any representation or warranty unless on or before the earlier of (a) the four (4) year anniversary of the Closing Date or (b)
11:59 P.M. (Pacific time) on the date on which all applicable statutes of limitation (as the same may be extended or waived) shall
have expired, Seller or the Buyers, as applicable, notifies the other party of a claim specifying the factual basis of such claim
in reasonable detail. Notwithstanding the foregoing, the aggregate amount of all damages for which any party may be liable under
this Agreement shall in no event exceed an aggregate amount equal to the Purchase Price, and no party shall be responsible to any
other party for damages under this Agreement that constitute special, incidental, punitive or exemplary damages, nor shall any
multiple be applied in the calculation of any economic damages arising under this Agreement.

 

5.11     Confidentiality.
The parties (including all of their respective affiliates) shall not disclose the terms of this Agreement to any other party, except
(a) as may be required by law or regulatory agencies, (b) by any party to such party’s representatives, consultants, counsel,
financial advisors, employees, partners, members and investors, in each case, on a confidential basis, or (c) in connection with
obtaining any consents required to consummate the transactions contemplated by this Agreement.

 

[signature page to
follow]

 

    7

     

    

 

EXECUTION VERSION

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date set forth above.

 

	 	
        SELLER: 

        CROSSROADS CAPITAL, INC. (FKA KEATING CAPITAL, INC.)

	 	 	 
	 	By:	 

 

	 	Name: 	Ben Harris

 

	 	Title:	President & CEO

 

	 	
        BUYERS:

         

        NOVIRIAN PACIFIC, LP

	 	 	 
	 	By:	Novirian Pacific GP, LLC its General Partner
	 	 	 
	 	By:	 
	 	 	
        Name: Alessandro Biral

        Title: Managing Director

 

	 	NOVIRIAN PALOMAR, LP
	 	 	 
	 	By:	Novirian Partners, LLC its General Partner
	 	 	 
	 	By:	 
	 	 	
        Name: Alessandro Biral

        Title: Managing Director

 

	 	
        COMPANY:

         

        CENTRIFY CORPORATION

	 	 	 
	 	By:	 
	 	 	Thomas R. Kemp

President and Chief Executive Officer

 

    8

     

    

 

EXECUTION VERSION

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date set forth above.

 

	 	
        SELLER: 

        CROSSROADS CAPITAL, INC. (FKA KEATING CAPITAL, INC.)

	 	 	 
	 	By:	 

 

	 	Name:	 

 

	 	Title:	 

 

	 	BUYERS:
	 	 
	 	NOVIRIAN PACIFIC, LP
	 	 	 
	 	By:	Novirian Pacific GP, LLC its General Partner
	 	 	 
	 	By:	 
	 	 	
        Name: Alessandro Biral

        Title: Managing Director

 

	 	NOVIRIAN PALOMAR, LP
	 	 	 
	 	By:	Novirian Partners, LLC its General Partner
	 	 	 
	 	By:	 
	 	 	
        Name: Alessandro Biral

        Title: Managing Director

 

	 	COMPANY:
	 	 	 
	 	CENTRIFY CORPORATION
	 	 	 
	 	By:	Thomas R. Kemp
	 	 	President and Chief Executive Officer

 

    8

     

    

 

EXECUTION VERSION

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date set forth above.

 

	 	SELLER: 

        CROSSROADS CAPITAL, INC. (FKA KEATING CAPITAL, INC.)

	 	 	 
	 	By:	 

 

	 	Name:	 

 

	 	Title:	 

 

	 	BUYERS:
	 	 
	 	NOVIRIAN PACIFIC, LP
	 	 
	 	By:	Novirian Pacific GP, LLC its General Partner
	 	 	 
	 	By:	 
	 	 	
        Name: Alessandro Biral

        Title: Managing Director

 

	 	NOVIRIAN PALOMAR, LP
	 	 	 
	 	By:	Novirian Partners, LLC its General Partner
	 	 	 
	 	By:	 
	 	 	
        Name: Alessandro Biral

        Title: Managing Director

 

	 	COMPANY:
	 	 	 
	 	 
	 	 	 
	 	By:	\
	 	 	Thomas R. Kemp

President and Chief Executive Officer

 

    8

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