Document:

SUBSCRIPTION
AGREEMENT 

  

THIS
SUBSCRIPTION AGREEMENT (this “Agreement”) is dated as of December 6, 2010 by and between GoEnergy Inc.,
a Delaware corporation (the “Company”), and the subscribers identified on
Schedule 1 hereto (collectively, the “Subscribers” and each, a “Subscriber”).

 

WHEREAS, the Company
and the Subscribers are executing and delivering this Agreement in reliance upon an exemption from securities registration afforded
by the provisions of Section 4(2), Section 4(6) and/or Regulation D (“Regulation D”), as promulgated by the
United States Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended
(the “1933 Act”);

 

WHEREAS, the parties
hereto desire that, upon the terms and subject to the conditions contained herein, the Company shall issue and sell to the Subscribers,
as provided herein, and the Subscribers, in the aggregate, shall purchase up to $1,500,000 of shares of Series A Cumulative
Convertible Preferred Stock of the Company, par value $.0001 per share (“Preferred Stock”), at a purchase
price (the “Purchase Price”) equal to one hundred dollars ($100)  per share, which Preferred Stock shall
be convertible into shares of the Company’s common stock, $.0001 par value per share (the “Common Stock”),
subject to the rights and preferences described in the form of Certificate of Designation annexed hereto as Exhibit A (“Certificate
of Designation”), and Series A common stock purchase warrants (the “Warrants”) in the form attached
hereto as Exhibit B, to purchase shares of Common Stock (the “Warrant Shares”) (the “Offering”).
The Preferred Stock, shares of Common Stock issuable upon conversion of the Preferred Stock (the “Shares”),
the Warrants and the Warrant Shares are collectively referred to herein as the “Securities”; and

 

WHEREAS,
the aggregate proceeds of the sale of the Preferred Stock and the Warrants contemplated hereby (“Purchase Price”)
shall be held in escrow by Grushko & Mittman, P.C., 515 Rockaway Avenue, Valley Stream, New York 11581
(the “Escrow Agent”) pursuant to the terms of an Escrow Agreement to be executed by the parties hereto substantially
in the form attached hereto as Exhibit C (the “Escrow Agreement”).

 

NOW, THEREFORE,
in consideration of the mutual covenants and other agreements contained in this Agreement, the Company and each of the Subscribers
hereby agree as follows:

 

1.           Closing
and Special Conditions.

 

(a)          Closing.
Subject to the satisfaction or waiver of the terms and conditions of this Agreement, on the “Closing Date,”
the Subscribers shall purchase, and the Company shall sell to such Subscribers in accordance with Schedule I hereto, the Preferred
Stock and the Warrants as described in Section 2 below. The date the Escrow Agent releases the funds received from one or more
Subscribers to the Company and releases the Escrow Documents (as defined in the Escrow Agreement) to the parties hereto in accordance
with the provisions of the Escrow Agreement shall be the Closing Date with respect to such released funds and Escrow Documents,
and such releases are referred to herein as the “Closing.” The parties hereto may agree to have more than one
Closing once funds are deposited into the escrow account, in which case the first Closing shall be referred to herein as the “Initial
Closing”).

 

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(b)          Special
Conditions. The Closing hereunder is specifically conditional on the closing of the share exchange contemplated by the Share
Purchase and Share Exchange Agreement, dated November 5, 2010 and annexed hereto as Exhibit D (the “Share Exchange
Agreement”), by and among the Company, Strato Malamas, an individual and majority stockholder of the Company, Kick the
Can Corp., a Nevada corporation (“KTC Corp.”), Kicking the Can, L.L.C., a Delaware limited liability company
and the majority shareholder of KTC Corp., and the other shareholders of KTC Corp. who are signatories thereto, pursuant to which
KTC Corp. shall become a wholly owned subsidiary of the Company (the “Share Exchange”). The Share Exchange must
close immediately prior to the Closing and by conducting the Closing and accepting the Purchase Price from the Subscribers, the
Company represents that the Share Exchange has irrevocably closed in accordance with the terms of the Share Exchange Agreement
.. The representations, covenants, warranties and undertakings of the Company herein are made as of subsequent to the completion
of the Share Exchange. The Company represents and warrants that the Form 8-K, substantially in the form annexed hereto as Exhibit
E (“Super 8-K”), will be filed with the Commission within four (4) business days after the Initial Closing,
as is required under the Securities Exchange Act of 1934, as amended (the “1934 Act”). Provided that the Share
Exchange has occurred and all of terms and conditions applicable to the Company have been met, the Closing shall occur as soon
as practicable after the occurrence of the Share Exchange, but in any event no later than one (1) business day of such events.
Failure to timely file the Super 8-K is an Event of Default under the Transaction Documents.

 

(c)          Time
Effective Clauses. All time effective clauses not specifically related to an actual Closing Date shall be deemed to have commenced
as of the Initial Closing Date, if more than one Closing, or the Closing Date, if only one Closing.

 

2.           Series
A Preferred Stock and Series A Warrant.

 

(a)          Series
A Preferred Stock. On the Closing Date, each Subscriber shall purchase and the Company shall sell to each such Subscriber,
the number of shares of Preferred Stock designated on such Subscriber’s signature page hereto for such Subscriber’s
Purchase Price indicated thereon.

 

(b)          Series
A Warrants. On the Closing Date, the Company shall issue and deliver the Warrants to the Subscribers as follows: (i) one Warrant
shall be issued for each Two Dollars ($2.00) of Purchase Price paid by a Subscriber on the Closing Date. The exercise price to
acquire a Warrant Share upon exercise of a Warrant shall be $0.60, subject to amendment as described
in the Warrants. The Warrants shall be exercisable until five (5) years after the Closing Date.

 

3.          Payment
and Allocation of Purchase Price. In consideration of the issuance of the Preferred Stock and Warrants on the Closing Date,
each Subscriber shall pay to or for the benefit of the Company such Subscriber’s Purchase Price, as set forth on the signature
pages hereto. The number of Warrant Shares eligible for purchase by each such Subscriber is set forth on the signature pages hereto.
The Purchase Price will be allocated among the components of the Preferred Stock and Warrants so that each component of
same will be fully paid and non-assessable.

 

4.           Subscriber
Representations and Warranties. Each of the Subscribers, severally but not jointly, hereby represents and warrants to, and
agrees with the Company that, with respect only to such Subscriber:

 

(a)          Organization
and Standing of Subscriber. Subscriber is duly formed, validly existing and in good standing under the laws of the jurisdiction
of its formation.

 

(b)          Authorization
and Power. Such Subscriber has the requisite power and authority to enter into and perform this Agreement and the other Transaction
Documents (as defined herein) and to purchase the Preferred Stock and Warrants being sold to such Subscriber hereunder. The execution,
delivery and performance of this Agreement and the other Transaction Documents by such Subscriber, and the consummation by such
Subscriber of the transactions contemplated hereby and thereby, have been duly authorized by all necessary action, and no further
consent or authorization of Subscriber or its board of directors or stockholders, if applicable, is required. This Agreement and
the other Transaction Documents have been duly authorized, executed and delivered by such Subscriber and constitutes, or shall
constitute, when executed and delivered, a valid and binding obligation of such Subscriber, enforceable against Subscriber in accordance
with the terms thereof.

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(c)          No
Conflicts. The execution, delivery and performance of this Agreement and the other Transaction Documents and the consummation
by such Subscriber of the transactions contemplated hereby and thereby or relating hereto do not and will not (i) result in a violation
of such Subscriber’s charter documents, bylaws or other organizational documents, if applicable; (ii) conflict with nor constitute
a default (or an event which with notice or lapse of time or both would become a default) under any agreement to which such Subscriber
is a party; or (iii) result in a violation of any law, rule or regulation, or any order, judgment or decree of any court or governmental
agency applicable to such Subscriber or its properties (except for such conflicts, defaults and violations as would not, individually
or in the aggregate, have a material adverse effect on Subscriber). Such Subscriber is not required to obtain any consent, authorization
or order of, or make any filing or registration with, any court or governmental agency in order for such Subscriber to execute,
deliver or perform any of such Subscriber’s obligations under this Agreement and the other Transaction Documents, nor to
purchase the Securities in accordance with the terms hereof, provided that for purposes of the representation made in this
sentence, such Subscriber is assuming and relying upon the accuracy of the relevant representations and agreements of the Company
herein.

 

(d)          Information
on Company. Such Subscriber has been furnished with or has had access to the EDGAR Website of the Commission to the Company’s
filings made with the Commission through the tenth (10th) business day preceding the Closing Date (hereinafter collectively
referred to, together with the Super 8-K, the “Reports”). Such Subscriber is not deemed to have any knowledge
of any information not included in the Reports, unless such information is delivered in the manner described in the next sentence.
In addition, such Subscriber may have received in writing from the Company such other information concerning its operations, financial
condition and other matters as such Subscriber has requested in writing, identified thereon as OTHER WRITTEN INFORMATION (such
other information is collectively, the “Other Written Information”), and considered all factors such Subscriber
deems material in deciding on the advisability of investing in the Securities.

 

(e)          Information
on Subscriber. Such Subscriber is, and will be at the time of the conversion of the Preferred Stock and exercise of the Warrants,
an “accredited investor,” as such term is defined in Regulation D promulgated by the Commission under the 1933
Act, is experienced in investments and business matters, has made investments of a speculative nature and has purchased securities
of United States publicly-owned companies in private placements in the past and, with its representatives, has such knowledge and
experience in financial, tax and other business matters as to enable such Subscriber
to utilize the information made available by the Company to evaluate the merits and risks of, and to make an informed investment
decision with respect to, the proposed purchase, which such Subscriber hereby agrees represents a speculative investment. Such
Subscriber has the authority and is duly and legally qualified to purchase and own the Securities. Such Subscriber is able to bear
the risk of such investment for an indefinite period and to afford a complete loss thereof. The information set forth on Schedule
1 hereto regarding such Subscriber is accurate.

 

(f)          Purchase
of Preferred Stock and Warrants. On the Closing Date, such Subscriber
will purchase the Preferred Stock and Warrants as principal for its own account for investment only and not with a view toward,
or for resale in connection with, the public sale or any distribution thereof.

 

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(g)          Compliance
with Securities Act. Such Subscriber understands and agrees that the Securities have not been registered
under the 1933 Act or any applicable state securities laws by reason of their issuance in a transaction that does not require
registration under the 1933 Act (based in part on the accuracy of the representations and warranties of Subscriber
contained herein), and that such Securities must be held indefinitely unless a subsequent disposition
is registered under the 1933 Act or any applicable state securities laws or is exempt from such registration. In any event,
and subject to compliance with applicable securities laws, Subscriber may enter into lawful hedging transactions in the course
of hedging the position they assume and the Subscriber may also enter into lawful short positions or other derivative transactions
relating to the Securities, or interests in the Securities, and deliver the Securities, or interests in the Securities, to close
out their short or other positions or otherwise settle other transactions, or loan or pledge the Securities, or interests in the
Securities, to third parties who in turn may dispose of these Securities.

  

(h)          Conversion
Shares and Warrant Shares Legend. The Conversion Shares and Warrant Shares shall bear the following or similar legend:

 

“THE
ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, NOR 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 AND REASONABLY APPROVED BY THE COMPANY), 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.”

 

(i)          Preferred
Stock and Warrants Legend. The Preferred Stock and Warrants shall bear the following legend:

 

“NEITHER THE ISSUANCE AND
SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE [CONVERTIBLE -OR- 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 AND REASONABLY
APPROVED BY THE COMPANY), 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.”

 

(j)          Communication
of Offer. The offer to sell the Securities was directly communicated to such Subscriber by the Company. At no time was such
Subscriber presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement, or any
other form of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently
with such communicated offer.

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(k)          Restricted
Securities. Such Subscriber understands that the Securities have not been registered under the 1933 Act and such Subscriber
shall not sell, offer to sell, assign, pledge, hypothecate or otherwise transfer any of the Securities unless pursuant to an effective
registration statement under the 1933 Act, or unless an exemption from registration is available. Notwithstanding anything to the
contrary contained in this Agreement, such Subscriber may transfer (without restriction and without the need for an opinion of
counsel) the Securities to its Affiliates (as defined below), provided that each such Affiliate is an “accredited
investor,” as such term is defined under Regulation D, and such Affiliate agrees in writing to be bound by the terms and
conditions of this Agreement. For the purposes of this Agreement, an “Affiliate” of any person or entity means
any other person or entity directly or indirectly controlling, controlled by or under direct or indirect common control with such
person or entity. Without limiting the foregoing, each Subsidiary (as defined herein) is an Affiliate of the Company. For purposes
of this definition, “control” means the power to direct the management and policies of such person, directly
or indirectly, whether through the ownership of voting securities, by contract or otherwise.

 

(l)           No
Governmental Review. Such Subscriber understands that no United States federal or state agency or any other governmental or
state agency has passed on or made recommendations or endorsement of the Securities or the suitability of the investment in the
Securities, nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

 

(m)         Independent
Decision. The decision of such Subscriber to purchase Securities has been made by such Subscriber independently of any
other Subscriber and independently of any information, materials, statements or opinions as to the business, affairs, operations,
assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company which may
have been made or given by any other Subscriber or by any agent or employee of any other Subscriber, and no Subscriber or any of
its agents or employees shall have any liability to any other Subscriber (or any other Person) relating to or arising from any
such information, materials, statements or opinions. 

 

(n)          Correctness
of Representations. Subscriber represents that the foregoing representations and warranties are true and correct as of the
date hereof and, unless Subscriber otherwise notifies the Company in writing prior to the Closing Date, shall be true and correct
as of the Closing Date.

 

(o)          Survival.
The foregoing representations and warranties shall survive the Closing Date.

 

5.           Company
Representations and Warranties. Except as set forth in the Schedules hereto, the Company represents and warrants to and agrees
with each Subscriber that:

 

(a)          Due
Incorporation. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the
State of Delaware and has the requisite corporate power to own its properties and to carry on its business as presently conducted.
The Company is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature
of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the
failure to so qualify would not have a Material Adverse Effect (as defined herein). For purposes of this Agreement, a “Material
Adverse Effect” shall mean a material adverse effect on the financial condition, results of operations, prospects, properties
or business of the Company and its Subsidiaries taken as a whole. For purposes of this Agreement, “Subsidiary”
means, with respect to any entity at any date, any direct or indirect corporation, limited or general partnership, limited liability
company, trust, estate, association, joint venture or other business entity of which (A) more than 30% of (i) the outstanding
capital stock having (in the absence of contingencies) ordinary voting power to elect a majority of the board of directors or other
managing body of such entity, (ii) in the case of a partnership or limited liability company, the interest in the capital
or profits of such partnership or limited liability company or (iii) in the case of a trust, estate, association, joint venture
or other entity, the beneficial interest in such trust, estate, association or other entity business is, at the time of determination,
owned or controlled directly or indirectly through one or more intermediaries, by such entity, or (B) is under the actual control
of the Company. As of the Closing Date, all of the Company’s Subsidiaries and the Company’s other ownership interests
therein are set forth on Schedule 5(a). The Company represents that it owns all of the equity of the Subsidiaries
and rights to receive equity of the Subsidiaries set forth on Schedule 5(a), free and clear of all liens, encumbrances
and claims, except as set forth on Schedule 5(a). No person or entity other than the Company has the right to receive
any equity interest in the Subsidiaries. The Company further represents that neither the Company nor the Subsidiaries have been
known by any other names for the five (5) years preceding the date of this Agreement.

  

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(b)          Outstanding
Stock. All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and
validly issued and are fully paid and non-assessable.

 

(c)          Authority;
Enforceability. This Agreement, the Preferred Stock, Warrants, the Escrow Agreement, and any other agreements delivered or
required to be delivered together with or pursuant to this Agreement or in connection herewith (collectively, the “Transaction
Documents”) have been duly authorized, executed and delivered by the Company and/or the Subsidiaries, as the case may
be, and are valid and binding agreements of the Company and/or the Subsidiaries, as the case may be, enforceable in accordance
with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights generally and to general principles of equity. Subject to the payment
of the Debentures (as defined in Section 13), the Company and/or the Subsidiaries, as the case may be, have full corporate power
and authority necessary to enter into and deliver the Transaction Documents and to perform their obligations thereunder.

 

(d)          Capitalization
and Additional Issuances. The authorized and outstanding capital stock of the Company and the Subsidiaries on a fully diluted
basis and all outstanding rights to acquire or receive, directly or indirectly, any equity of the Company and/or the Subsidiaries
as of the date of this Agreement and the Closing Date (not including the Securities) are set forth on Schedule 5(d).
Except as set forth on Schedule 5(d), there are no options, warrants or rights to subscribe to securities, rights,
understandings or obligations convertible into or exchangeable for or granting any right to subscribe for any shares of capital
stock or other equity interest of the Company or any of the Subsidiaries. The only officer, director, employee and consultant
stock option or stock incentive plan or similar plan currently in effect or contemplated by the Company is described on Schedule
5(d). There are no outstanding agreements or preemptive or similar rights affecting the Company’s Common Stock or
equity.

 

(e)          Consents.
No consent, approval, authorization or order of any court, governmental agency or body or arbitrator
having jurisdiction over the Company, the Subsidiaries or any of their Affiliates, any Principal Market as defined in Section 9(b)
or the Company’s stockholders is required for the execution by the Company of the Transaction Documents and compliance and
performance by the Company and the Subsidiaries of their respective obligations under the Transaction Documents, including, without
limitation, the issuance and sale of the Securities. The Transaction Documents and the Company’s performance of its obligations
thereunder has been unanimously approved by the Company’s board of directors in accordance with the Company’s Certificate
of Incorporation and applicable law. Any such qualifications and filings will, in the case of qualifications, be effective upon
Closing, and will, in the case of filings, be made within the time prescribed by law.

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(f)          No
Violation or Conflict. Conditioned upon the representations and warranties of Subscriber in Section 4 hereof being materially
true and correct, neither the issuance nor the sale of the Securities nor the performance of the Company’s obligations under
this Agreement and the other Transaction Documents by the Company, will:

 

(i)          violate,
conflict with, result in a breach of, or constitute a default (or an event which with the giving of notice or the lapse of time
or both would be reasonably likely to constitute a default) under (A) the certificate of incorporation or bylaws of the Company,
(B) to the Company’s knowledge, any decree, judgment, order, law, treaty, rule, regulation or determination applicable to
the Company of any court, governmental agency or body, or arbitrator having jurisdiction over the Company or over the properties
or assets of the Company or any of its Affiliates, (C) the terms of any bond, debenture, note or any other evidence of indebtedness,
or any agreement, stock option or other similar plan, indenture, lease, mortgage, deed of trust or other instrument to which the
Company or any of its Affiliates is a party, by which the Company or any of its Affiliates is bound, or to which any of the properties
of the Company or any of its Affiliates is subject or (D) the terms of any “lock-up” or similar provision of any underwriting
or similar agreement to which the Company, or any of its Affiliates is a party, except the violation, conflict, breach or default
of which would not have a Material Adverse Effect; or

 

(ii)         result
in the creation or imposition of any lien, charge or encumbrance upon the Securities or any of the assets of the Company or any
of its Affiliates, except in favor of each Subscriber as described herein; or

 

(iii)        except
as set forth in Schedule 5(f) hereto, result in the activation of any anti-dilution rights or a reset or repricing of any
debt, equity or security instrument of any creditor or equity holder of the Company, or the holder of the right to receive any
debt, equity or security instrument of the Company, nor result in the acceleration of the due date of any obligation of the Company;
or

 

(iv)       except
as set forth in Schedule 5(f) hereto, result in the triggering of any piggy-back or other registration rights of any person
or entity holding securities of the Company or having the right to receive securities of the Company.

 

(g)          The
Securities. The Securities upon issuance:

 

(i)          are,
or will be, free and clear of any security interests, liens, claims or other encumbrances, subject only to restrictions upon transfer
under the 1933 Act and any applicable state securities laws;

 

(ii)         have
been, or will be, duly and validly authorized and on the dates of issuance of the Preferred Stock and Warrants, the Conversion
Shares upon conversion of the Preferred Stock, and the Warrant Shares upon exercise of the Warrants, such Preferred Stock, Warrants,
Conversion Shares and Warrant Shares will be duly and validly issued, fully paid and non-assessable and if registered pursuant
to the 1933 Act and resold pursuant to an effective registration statement or an exemption from registration, will be free trading,
unrestricted and unlegended;

 

(iii)        will
not have been issued or sold in violation of any preemptive or other similar rights of the holders of any securities of the Company
or rights to acquire securities or debt of the Company;

 

(iv)         will
not subject the holders thereof to personal liability by reason of being such holders; and

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(v)          conditioned
upon the representations and warranties of the Subscribers as set forth in Section 4 hereof being materially true and correct,
will not result in a violation of Section 5 under the 1933 Act.

 

(h)          Litigation.
There is no pending or, to the best knowledge of the Company, threatened action, suit, proceeding or investigation before any court,
governmental agency or body, or arbitrator having jurisdiction over the Company, or any of its Affiliates that would affect the
execution by the Company or the complete and timely performance by the Company of its obligations under the Transaction Documents.
Except as disclosed in the Reports, there is no pending or, to the best knowledge of the Company, basis for or threatened action,
suit, proceeding or investigation before any court, governmental agency or body, or arbitrator having jurisdiction over the Company,
or any of its Affiliates which litigation if adversely determined would have a Material Adverse Effect.

 

(i)          No
Market Manipulation. The Company and its Affiliates have not taken, and will not take, directly or indirectly, any action designed
to, or that might reasonably be expected to, cause or result in stabilization or manipulation of the price of the Common Stock
to facilitate the sale or resale of the Securities or affect the price at which the Securities may be issued or resold.

 

(j)          Information
Concerning Company. The Reports and Other Written Information contain all material information relating to the Company and
its operations and financial condition as of their respective dates which information is required to be disclosed therein. Since
July 31, 2010, and except as disclosed in the Reports or modified in the Reports and Other Written Information or in the Schedules
hereto, there has been no Material Adverse Effect relating to the Company’s business, financial condition or affairs. The
Reports and Other Written Information including the financial statements included therein do not contain any untrue statement of
a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, taken
as a whole, not misleading in light of the circumstances and when made.

 

(k)          Solvency.
Based on the consolidated financial condition of the Company as of the Closing Date, after giving effect to the receipt by the
Company of the proceeds from the sale of the Securities hereunder and the consummation of the Share Exchange, (i) the Company’s
fair saleable value of its assets exceeds the amount that will be required to be paid on or in respect of the Company’s existing
debts and other liabilities (including known contingent liabilities) as they mature; (ii) the Company’s assets do not constitute
unreasonably small capital to carry on its business for the current fiscal year as now conducted and as proposed to be conducted,
including its capital needs taking into account the particular capital requirements of the business conducted by the Company, and
projected capital requirements and capital availability thereof; and (iii) the current cash flow of the Company, together with
the proceeds the Company would receive, were it to liquidate all of its assets, after taking into account all anticipated uses
of the cash, would be sufficient to pay all amounts on or in respect of its debt when such amounts are required to be paid. The
Company does not intend to incur debts beyond its ability to pay such debts as they mature (taking into account the timing and
amounts of cash to be payable on or in respect of its debt).

 

(l)          Defaults.
The Company is not in violation of its certificate of incorporation or bylaws. The Company is (i) not in default under or in violation
of any other material agreement or instrument to which it is a party or by which it or any of its properties are bound or affected,
which default or violation would have a Material Adverse Effect, (ii) not in default with respect to any order of any court, arbitrator
or governmental body or subject to or party to any order of any court or governmental authority arising out of any action, suit
or proceeding under any statute or other law respecting antitrust, monopoly, restraint of trade, unfair competition or similar
matters which default would have a Material Adverse Effect, or (iii) not in violation of any statute, rule or regulation of any
governmental authority which violation would have a Material Adverse Effect.

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(m)          No
Integrated Offering. Neither the Company, nor any of its Affiliates, nor any person acting on its or their behalf, has directly
or indirectly made any offers or sales of any security of the Company nor solicited any offers to buy any security of the Company
under circumstances that would cause the offer of the Securities pursuant to this Agreement to be integrated with prior offerings
by the Company for purposes of the 1933 Act or any applicable stockholder approval provisions, including, without limitation, under
the rules and regulations of the Bulletin Board. No prior offering will impair the exemptions relied upon in this Offering or the
Company’s ability to timely comply with its obligations hereunder. Neither the Company nor any of its Affiliates will take
any action or suffer any inaction or conduct any offering other than the transactions contemplated hereby that may be integrated
with the offer or issuance of the Securities or that would impair the exemptions relied upon in this Offering or the Company’s
ability to timely comply with its obligations hereunder.

 

(n)          No
General Solicitation. Neither the Company, nor any of its Affiliates, nor to its knowledge, any person acting on its or their
behalf, has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D under the 1933
Act) in connection with the offer or sale of the Securities.

 

(o)          No
Undisclosed Liabilities. The Company has no liabilities or obligations which are material, individually or in the aggregate,
other than those incurred in the ordinary course of the Company’s business since July 31, 2010, and which, individually or
in the aggregate, would reasonably be expected to have a Material Adverse Effect, except as disclosed in the Reports or in Schedule
5(o).

 

(p)          No
Undisclosed Events or Circumstances. Since July 31, 2010, except as disclosed in the Reports, no event or circumstance has
occurred or exists with respect to the Company or its businesses, properties, operations or financial condition, that, under applicable
law, rule or regulation, requires public disclosure or announcement prior to the date hereof by the Company but which has not been
so publicly announced or disclosed in the Reports.

 

(q)          Dilution.
The Company’s executive officers and directors understand the nature of the Securities being sold hereby and recognize that
the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s
equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business
judgment, that the issuance of the Securities is in the best interests of the Company. The Company specifically acknowledges that
its obligation to issue the Conversion Shares upon conversion of the Preferred Stock and the Warrant Shares upon exercise of the
Warrants is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests
of other stockholders of the Company or parties entitled to receive equity of the Company.

 

(r)          No
Disagreements with Accountants and Lawyers. There are no material disagreements of any kind presently existing, or reasonably
anticipated by the Company to arise, between the Company and the accountants and lawyers previously and presently employed by the
Company, including, but not limited to, disputes or conflicts over payment owed to such accountants and lawyers, nor have there
been any such disagreements during the two years prior to the Closing Date.

 

(s)          Investment
Company. Neither the Company nor any Affiliate of the Company is an “investment company” within the meaning of
the Investment Company Act of 1940, as amended.

    	9

    	 

    

 

(t)          Foreign
Corrupt Practices. Neither the Company, nor to the knowledge of the Company, any agent or other person acting on behalf of
the Company, has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful
expenses related to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials
or employees or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully
any contribution made by the Company (or made by any person acting on its behalf of which the Company is aware) which is in violation
of law, or (iv) violated in any material respect any provision of the Foreign Corrupt Practices Act of 1977, as amended.

 

(u)          Reporting
Company/Shell Company. The Company is a publicly-held company subject to reporting obligations pursuant to Section 13 of the
1934 Act and has a class of Common Stock registered pursuant to Section 12(g) of the 1934 Act. Pursuant to the provisions of the
1934 Act, the Company has timely filed all reports and other materials required to be filed thereunder with the Commission during
the preceding twelve months. As of the Closing Date, the Company is not a “shell company” but is a “former shell
company” as those terms are employed in Rule 144 under the 1933 Act.

 

(v)          Listing.
The Company’s Common Stock is quoted on the OTC Bulletin Board (“Bulletin Board”) under the symbol “GOEE”.
The Company has not received any pending oral or written notice that its Common Stock is not eligible nor will become ineligible
for quotation on the Bulletin Board nor that its Common Stock does not meet all requirements for the continuation of such quotation.

 

(w)          DTC
Status. The Company’s transfer agent is a participant in, and the Common Stock is or shall be eligible for transfer pursuant
to, the Depository Trust Company Automated Securities Transfer Program. The name, address, telephone number, fax number, contact
person and email address of the Company transfer agent is set forth on Schedule 5(w) hereto.

 

(x)          Company
Predecessor and Subsidiaries. The Company makes each of the representations contained in Sections 5(a), (b), (c), (d), (e),
(f), (h), (j), (k), (l), (o), (p), (r), (s) and (t) of this Agreement, as same relate or could be applicable to each Subsidiary.
All representations made by or relating to the Company of a historical or prospective nature and all undertakings described in
Section 9 shall relate, apply and refer to the Company and the Subsidiaries and their predecessors and successors.

 

(y)          Correctness
of Representations. The Company represents that the foregoing representations and warranties are true and correct as of the
date hereof in all material respects, and, unless the Company otherwise notifies the Subscribers prior to the Closing Date, shall
be true and correct in all material respects as of the Closing Date; provided that if such representation or warranty is
made as of a different date, such representation or warranty shall be true as of such date.

 

(z)          Survival.
The foregoing representations and warranties shall survive the Closing Date.

 

6.           Regulation
D Offering/Legal Opinion. The offer and issuance of the Securities to the Subscribers is being made pursuant to an exemption
from the registration provisions of the 1933 Act afforded by Section 4(2) or Section 4(6) of the 1933 Act and/or Rule 506 of Regulation
D promulgated thereunder. On the Closing Date, the Company will provide an opinion reasonably acceptable to each Subscriber from
the Company’s legal counsel in substantially the form attached hereto as Exhibit F opining on the availability of
an exemption from registration under the 1933 Act as it relates to the offer and issuance of the Securities and other matters reasonably
requested by the Subscribers. The Company will provide, at the Company’s expense, to the Subscribers such other legal opinions,
if any, as are necessary in each Subscriber’s opinion for the issuance and resale of the Conversion Shares and Warrant Shares
pursuant to an exemption from registration such as Rule 144 under the 1933 Act.

    	10

    	 

    

 

7.           Broker’s
Commission/Finder’s Fee. The Company on the one hand, and each Subscriber (for such Subscriber only) on the other
hand, agrees to indemnify the other against and hold the other harmless from any and all liabilities to any Persons claiming brokerage
commissions or similar fees on account of services purported to have been rendered on behalf of the indemnifying party in connection
with this Agreement or the transactions contemplated hereby and arising out of such party’s actions. The Company represents
that to the best of its knowledge there are no parties entitled to receive fees, commissions, finder’s fees, due diligence
fees or similar payments in connection with the Offering. Anything in this Agreement to the contrary notwithstanding, each Subscriber
is providing indemnification only for such Subscriber’s own actions and not for any action of any other Subscriber. The liability
of the Company and each Subscriber’s liability hereunder is several and not joint.

 

8.           Subscriber’s
Legal Fees. The Company shall pay to Grushko & Mittman, P.C. a cash fee of $15,000 (“Legal Fees”) as
reimbursement for services rendered in connection with the transactions described in the Transaction Documents. The Legal Fees
will be payable out of funds held pursuant to the Escrow Agreement. Grushko & Mittman, P.C. will be reimbursed at Closing or
Initial Closing, as the case may be, by the Company for all lien searches, filing fees and reasonable printing and shipping costs
for the closing statements to be delivered to the Subscribers.

 

9.           Covenants
of the Company. The Company covenants and agrees with the Subscribers as follows:

 

(a)          Stop
Orders. Subject to the prior notice requirement described in Section 9(n) hereof, the Company will advise the Subscribers,
within twenty-four (24) hours after it receives notice of issuance by the Commission, any state securities commission or any other
regulatory authority of any stop order or of any order preventing or suspending any offering of any securities of the Company,
or of the suspension of the qualification of the Common Stock of the Company for offering or sale in any jurisdiction, or the initiation
of any proceeding for any such purpose. The Company will not issue any stop transfer order or other order impeding the sale, resale
or delivery of any of the Securities, except as may be required by any applicable federal or state securities laws, provided
at least five (5) business days prior notice of such instruction is given to the Subscribers.

 

(b)          Listing/Quotation.
The Company shall promptly secure the quotation or listing of the Conversion Shares and Warrant Shares upon each national securities
exchange, or automated quotation system upon which the Company’s Common Stock is quoted or listed and upon which such Conversion
Shares and Warrant Shares are or become eligible for quotation or listing (subject to official notice of issuance) and shall maintain
same so long as any Preferred Stock and Warrants are outstanding. The Company will maintain the quotation or listing of its Common
Stock on the NYSE Amex Equities, Nasdaq Capital Market, Nasdaq Global Market, Nasdaq Global Select Market, Bulletin Board, or New
York Stock Exchange (whichever of the foregoing is at the time the principal trading exchange or market for the Common Stock) (the
“Principal Market”), and will comply in all respects with the Company’s reporting, filing and other obligations
under the bylaws or rules of the Principal Market, as applicable. Subject to the limitation set forth in Section 9(n) hereof, the
Company will provide the Subscribers with copies of all notices it receives notifying the Company of the threatened and actual
delisting of the Common Stock from any Principal Market. As of the date of this Agreement and the Closing Date, the Bulletin Board
is the Principal Market.

 

(c)          Market
Regulations. If required, the Company shall notify the Commission, the Principal Market and applicable state authorities, in
accordance with their requirements, of the transactions contemplated by this Agreement, and shall take all other necessary action
and proceedings as may be required and permitted by applicable law, rule and regulation, for the legal and valid issuance of the
Securities to the Subscribers and promptly provide copies thereof to the Subscribers.

    	11

    	 

    

 

(d)          Filing
Requirements. From the date of this Agreement and until the last to occur of (i) all the Conversion Shares have been
resold or transferred by the Subscribers pursuant to a registration statement or pursuant to Rule 144(b)(1)(i), or (ii) none of
the Preferred Stock and Warrants are outstanding (the date of such latest occurrence being the “End Date”),
the Company will (A) comply in all respects with its reporting and filing obligations under the 1934 Act, (B) voluntarily comply
with all reporting requirements that are applicable to an issuer with a class of shares registered pursuant to Section 12(g) of
the 1934 Act even if the Company is not subject to such reporting requirements sufficient to permit the Subscribers to be able
to resell the Conversion Shares and Warrant Shares pursuant to Rule 144(b)(i) and (C) comply with all requirements related to any
registration statement filed pursuant to this Agreement. The Company will use its commercially reasonable best efforts not to take
any action or file any document (whether or not permitted by the 1933 Act or the 1934 Act or the rules thereunder) to terminate
or suspend such registration or to terminate or suspend its reporting and filing obligations under said acts until the End Date.
Until the End Date, the Company will continue the listing or quotation of the Common Stock on a Principal Market and will comply
in all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of the Principal Market.
The Company agrees to timely file a Form D with respect to the Securities if required under Regulation D and to provide a copy
thereof to each Subscriber promptly after such filing.

 

(e)          Use
of Proceeds. The proceeds of the Offering will be substantially employed by the Company for the purposes set forth on Schedule
9(e) hereto. Except as described on Schedule 9(e), the Purchase Price may not and will not be used for accrued
and unpaid officer and director salaries, nor payment of financing related debt nor redemption of outstanding notes or equity instruments
of the Company nor non-trade payables outstanding on the Closing Date.

 

(f)          Reservation.
Prior to the Closing or Initial Closing, as the case may be, the Company undertakes to reserve on behalf of the Subscribers from
its authorized but unissued Common Stock, a number of shares of Common Stock equal to 150% of the amount of Common Stock necessary
to allow the Subscribers to be able to convert all of the Preferred Stock and 100% of the amount of Warrant Shares issuable upon
exercise of the Warrants (“Required Reservation”). Failure to have sufficient shares reserved pursuant to this
Section 9(f) at any time prior to the End Date shall be a material default of the Company’s obligations under this Agreement
and an Event of Default as employed in the Certificate of Designation. Without waiving the foregoing requirement, if at any time
the Preferred Stock and Warrants are outstanding the Company has reserved on behalf of the Subscribers less than 125% of the amount
necessary for full conversion of the outstanding Preferred Stock and dividends accrued on such Preferred Stock at the conversion
price in effect on every such date and 100% of the Warrant Shares issuable upon exercise of outstanding Warrants (“Minimum
Required Reservation”), the Company will promptly reserve the Minimum Required Reservation, or if there are insufficient
authorized and available shares of Common Stock to do reserve the Minimum Required Reservation, the Company will take all action
necessary to increase its authorized capital to be able to fully satisfy its reservation requirements hereunder, including the
filing of a preliminary proxy with the Commission not later than fifteen (15) days after the first day the Company has reserved
less than the Minimum Required Reservation. The Company agrees to provide notice to the Subscribers not later than five days after
the date the Company has less than the Minimum Required Reservation reserved on behalf of the Subscribers.

 

(g) DTC Program.
At all times that Preferred Stock or Warrants are outstanding, the Company will employ as the transfer agent for the Common Stock,
Conversion Shares and Warrant Shares a participant in the Depository Trust Company Automated Securities Transfer Program.

    	12

    	 

    

 

(h)          Taxes.
From the date of this Agreement and until the End Date, the Company will promptly pay and discharge, or cause to be paid and discharged,
when due and payable, all lawful taxes, assessments and governmental charges or levies imposed upon the income, profits, property
or business of the Company; provided, however, that any such tax, assessment, charge or levy need not be paid if the validity
thereof shall currently be contested in good faith by appropriate proceedings and if the Company shall have set aside on its books
adequate reserves with respect thereto, and provided, further, that the Company will pay all such taxes, assessments, charges or
levies forthwith upon the commencement of proceedings to foreclose any lien which may have attached as security therefore.

 

(i)          Insurance.
As reasonably necessary as determined by the Company, from the date of this Agreement and until the End Date, the Company will
keep its assets which are of an insurable character insured by financially sound and reputable insurers against loss or damage
by fire, explosion and other risks customarily insured against by companies in the Company’s line of business and location,
in amounts and to the extent and in the manner customary for companies in similar businesses similarly situated and located and
to the extent available on commercially reasonable terms.

 

(j)          Books
and Records. From the date of this Agreement and until the End Date, the Company will keep true records and books of account
in which full, true and correct entries in all material respects will be made of all dealings or transactions in relation to its
business and affairs in accordance with United States generally accepted accounting principles (“GAAP”) applied
on a consistent basis.

 

(k)          Governmental
Authorities. From the date of this Agreement and until the End Date, the Company shall duly observe and conform in all material
respects to all valid requirements of governmental authorities relating to the conduct of its business or to its properties or
assets.

 

(l)          Intellectual
Property. From the date of this Agreement and until the End Date, the Company shall maintain in full force and effect its corporate
existence, rights and franchises and all licenses and other rights to use intellectual property owned or possessed by it and reasonably
deemed to be necessary to the conduct of its business, unless it is sold for value. Schedule 9(l) hereto identifies
all of the intellectual property owned by the Company and the Subsidiaries, which schedule includes, but is not limited to, patents,
patents pending, patent applications, trademarks, tradenames, service marks and copyrights.

 

(m)          Properties.
From the date of this Agreement and until the End Date, the Company will keep its properties in good repair, working order and
condition, reasonable wear and tear excepted, and from time to time make all necessary and proper repairs, renewals, replacements,
additions and improvements thereto as the Company shall reasonably determine; and the Company will at all times comply with each
provision of all leases and claims to which it is a party or under which it occupies or has rights to property if the breach of
such provision could reasonably be expected to have a Material Adverse Effect. The Company will not abandon any of its assets,
except for those assets which have negligible or marginal value , are obsolete or for which it is prudent to do so under the circumstances
as reasonably determined by the Company.

 

(n)          Confidentiality/Public
Announcement. From the date of this Agreement until the End Date, the Company agrees that except in connection with a Form
8-K, Form 10-Q, Form 10-K and the registration statement or statements regarding the Subscribers’ Securities or in correspondence
with the Commission regarding same, it will not disclose publicly or privately the identity of a Subscriber unless expressly agreed
to in writing by such Subscriber or only to the extent required by law and then only upon not less than two (2) business days prior
notice to such Subscriber. The Company will specifically disclose the amount of Common Stock outstanding immediately after the
Closing in the Super 8-K. The Company represents that the Super 8-K will contain the signed version of the audit opinion substantially
in the form attached as Exhibit G hereto. Upon  delivery by the Company to the Subscribers after the Closing Date
of any notice or information, in writing, electronically or otherwise, and while Preferred Stock, Conversion Shares or Warrants
are held by the Subscribers, unless the  Company has in good faith determined that the matters relating to such notice
do not constitute material, nonpublic information relating to the Company or the Subsidiaries, the Company 
shall, within four (4) days after any such delivery, publicly disclose such  material,  nonpublic  information on
a Report on Form 8-K.  In the event that the Company believes that a notice or
communication to the Subscribers contains material, nonpublic information relating to the Company or the Subsidiaries, except as
required to be delivered in connection with this Agreement, the Company shall so indicate to the Subscribers prior to delivery
of such notice or information. A Subscriber will be granted five (5) days to notify the Company that such Subscriber elects not
to receive such information. In the case that a Subscriber elects not to receive such information, the Company will not deliver
such information to such Subscriber. In the absence of any such Company indication, the Subscribers shall be allowed to presume
that all matters relating to such notice and information do not constitute material, nonpublic information relating to the
Company or the Subsidiaries.

    	13

    	 

    

 

(o)          Non-Public
Information. The Company covenants and agrees that except for the Reports, Other Written Information and schedules and exhibits
to this Agreement and the Transaction Documents, which information the Company undertakes to publicly disclose on the Form 8-K
described in Section 9(n) above, neither it nor any other person acting on its behalf will at any time provide any Subscriber or
its agents or counsel with any information that the Company believes constitutes material non-public information, unless prior
thereto such Subscriber, its agent or counsel shall have agreed in writing to accept such information as described in Section 9(n)
above. The Company understands and confirms that the Subscribers shall be relying on the foregoing representations in effecting
transactions in securities of the Company. The Company agrees that any information known to Subscriber required to be make public
by the Company but not made public by the Company, not already made public by the Company may be made public and disclosed by the
Subscriber.

 

(p)          Negative
Covenants. So long as Preferred Stock is outstanding, without the consent of the Subscribers, the Company will not and will
not permit any of its Subsidiaries to directly or indirectly:

 

(i)          create,
incur, assume or suffer to exist any pledge, hypothecation, assignment, deposit arrangement, lien, charge, claim, security interest,
security title, mortgage, security deed or deed of trust, easement or encumbrance, or preference, priority or other security agreement
or preferential arrangement of any kind or nature whatsoever (including any lease or title retention agreement, any financing lease
having substantially the same economic effect as any of the foregoing, and the filing of, or agreement to give, any financing statement
perfecting a security interest under the Uniform Commercial Code or comparable law of any jurisdiction) (each, a “Lien”)
upon any of its property, whether now owned or hereafter acquired, except for: (a) Liens imposed by law for taxes that are not
yet due or are being contested in good faith and for which adequate reserves have been established in accordance with GAAP; (b)
carriers,’ warehousemen’s, mechanic’s, material men’s, repairmen’s and other like Liens imposed by
law, arising in the ordinary course of business and securing obligations that are not overdue by more than thirty (30) days or
that are being contested in good faith and by appropriate proceedings; (c) pledges and deposits made in the ordinary course of
business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations;
(d) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance
bonds and other obligations of a like nature, in each case in the ordinary course of business; (e) Liens created with respect to
the financing of the purchase of new property in the ordinary course of the Company’s business up to the amount of the purchase
price of such property; and (f) easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed
by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract
from the value of the affected property (each of (a) through (f) hereof, a “Permitted Lien”);

 

(ii)         amend
its certificate of incorporation, bylaws or its charter documents so as to materially and adversely affect any rights of the Subscribers;
provided that an increase in the amount of authorized shares will not be deemed adverse to the rights of the Subscribers;

    	14

    	 

    

 

(iii)        repay,
repurchase or offer to repay, repurchase or otherwise acquire or make any dividend or distribution in respect of any of its Common
Stock, preferred stock, or other equity securities other than to the extent permitted or required under the Transaction Documents;

 

(iv)         engage
in any transactions with any officer, director, employee or any Affiliate of the Company, including any contract, agreement or
other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or from,
or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge of the Company, any entity
in which any officer, director or any such employee has a substantial interest or is an officer, director, trustee or partner,
in each case in excess of $100,000, other than (i) for payment of salary or fees for services rendered, pursuant to and on the
terms of a written contract in effect at least one (1) business day prior to the Closing Date, a copy of which has been provided
to the Subscriber at least one (1) business day prior to the Closing Date, (ii) reimbursement for authorized expenses incurred
on behalf of the Company or its Affiliates, (iii) for other employee benefits, including stock option agreements under any stock
option plan of the Company disclosed in the Reports or (iv) other transactions disclosed in the Reports; or

 

(v)          pay
or redeem any financing related debt or past due obligations or securities outstanding as of the Closing Date, or past due obligations,
except with respect to vendor obligations, which in management’s good faith, reasonable judgment must be paid to avoid disruption
of the Company’s businesses.

  

(q)          Offering
Restrictions. Subject to the consent of the Subscribers, for so long as the Preferred Stock and Warrants are outstanding, the
Company will not enter into or exercise any Equity Line of Credit (as defined herein) or similar agreement, nor issue nor agree
to issue any floating or Variable Priced Equity Linked Instruments (as defined herein) nor any of the foregoing or equity with
price reset rights (collectively, the “Variable Rate Restrictions”). For purposes hereof, “Equity
Line of Credit” shall include any transaction involving a written agreement between the Company and an investor or underwriter
whereby the Company has the right to “put” its securities to the investor or underwriter over an agreed period of time
and at a price formula, and “Variable Priced Equity Linked Instruments” shall include: (A) any debt or equity
securities which are convertible into, exercisable or exchangeable for, or carry the right to receive additional shares of Common
Stock either (1) at any conversion, exercise or exchange rate or other price that is based upon and/or varies with the trading
prices of or quotations for Common Stock at any time after the initial issuance of such debt or equity security or (2) with a fixed
conversion, exercise or exchange price that is subject to being reset at some future date at any time after the initial issuance
of such debt or equity security due to a change in the market price of the Company’s Common Stock since date of initial issuance,
and (B) any amortizing convertible security which amortizes prior to its maturity date, where the Company is required or has the
option to (or any investor in such transaction has the option to require the Company to) make such amortization payments in shares
of Common Stock which are valued at a price that is based upon and/or varies with the trading prices of or quotations for Common
Stock at any time after the initial issuance of such debt or equity security (whether or not such payments in stock are subject
to certain equity conditions).

 

(r)          Seniority.
Except for Permitted Liens, for so long as the Preferred Stock is outstanding, without written consent of the Subscribers, the
Company and Subsidiaries shall not grant nor allow any security interest to be taken in any assets of the Company or any Subsidiary
or any Subsidiary’s assets; nor issue or amend any debt, equity or other instrument which would give the holder thereof directly
or indirectly, a right in any equity of the Company or any Subsidiary or any right to payment equal to or superior to any right
of the Subscribers as holders of the Preferred Stock in or to such equity or payment, nor issue or incur any debt not in the ordinary
course of business in an amount greater than $500,000.

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(s)          Notices.
For so long as the Subscribers hold any Preferred Stock or Warrants, the Company will maintain a United States address and United
States fax number for notice purposes under the Transaction Documents.

 

(t)
          Transactions with Insiders. So long as the Preferred
Stock and Warrants are outstanding, without consent of the Subscribers, the Company shall not, and shall cause each of its Subsidiaries
not to, enter into, materially amend, materially modify or materially supplement, or permit any Subsidiary to enter into, materially
amend, materially modify or materially supplement, any agreement, transaction, commitment, or arrangement relating to the sale,
transfer or assignment of any of the Company’s tangible or intangible assets with any of its Insiders (as defined below)
(or any persons who were Insiders at any time during the previous two (2) years), or any Affiliates (as defined below) thereof,
or with any individual related by blood, marriage, or adoption to any such individual. “Affiliate,” for purposes
of this Section 9(t), means, with respect to any person or entity, another person or entity that, directly or indirectly, (i) has
a ten percent (10%) or more equity interest in that person or entity, (ii) has ten percent (10%) or more common ownership with
that person or entity, (iii) controls that person or entity, or (iv) shares common control with that person or entity. “Control”
or “Controls” for purposes of the Transaction Documents means that a person or entity has the power, direct or indirect,
to conduct or govern the policies of another person or entity. For purposes hereof, “Insiders” shall mean any
officer, director or manager of the Company, including, but not limited to, the Company’s president, chief executive officer,
chief financial officer and chief operations officer, and any of their Affiliates or family members.

 

(u)          Stock
Splits. For so long as the Preferred Stock and Warrants are outstanding, the Company will not enter into any stock splits without
the consent of the Subscribers.

 

(v)          Notice
of Event of Default. The Company agrees to notify Subscriber of the occurrence of an Event of Default (as defined and employed
in the Transaction Documents) not later than ten (10) days after any of the Company’s officers or directors becomes aware
of such Event of Default.

 

(w)          Further
Registration Statements. Except for a registration statement filed on behalf of the Subscribers and the parties listed on Schedule
9(w), the Company will not, without the consent of the Subscribers, file with the Commission or with state regulatory authorities
any registration statement, including a registration statement on Form S-8, or amend any already filed registration statement to
increase the amount of Common Stock registered therein, or reduce the price of which securities of the Company are registered therein,
until the expiration of the “Exclusion Period,” which shall be defined as the sooner of (i) the date all of
the Registrable Securities (as defined in Section 11.1) have been registered in an effective registration statement that has been
effective for not less than one year, or (ii) until all the Conversion Shares and Warrant Shares have been resold by the Subscribers
pursuant to a registration statement or Rule 144b(1)(i), without regard to volume limitations. The Exclusion Period will be tolled
or reinstated, as the case may be, during the pendency of an Event of Default as defined in the Certificate of Designation.

 

10.         Covenants
of the Company Regarding Indemnification.

 

(a)          The
Company agrees to indemnify, hold harmless, reimburse and defend the Subscribers, the Subscribers’ officers, directors, agents,
counsel, Affiliates, members, managers, control persons, and principal shareholders, against any claim, cost, expense, liability,
obligation, loss or damage (including reasonable legal fees) of any nature, incurred by or imposed upon the Subscribers or any
such person which results, arises out of or is based upon (i) any material misrepresentation by Company or breach of any representation
or warranty by Company in this Agreement or in any Exhibits or Schedules attached hereto in any Transaction Document, or other
agreement delivered pursuant hereto or in connection herewith, now or after the date hereof; or (ii) after any applicable notice
and/or cure periods, any breach or default in performance by the Company of any covenant or undertaking to be performed by the
Company hereunder, or any other agreement entered into by the Company and Subscribers relating hereto.

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(b)          In
no event shall the liability of the Subscribers or permitted successor hereunder or under any Transaction Document or other agreement
delivered in connection herewith be greater in amount than the dollar amount of the net proceeds actually received by such Subscriber
or successor upon the sale of Registrable Securities (as defined herein).

 

11.1.      Registration
Rights. The Company hereby grants the following registration rights to holders of the Securities.

 

(i)          On
one occasion, commencing ninety one (91) days after the Closing Date, but not later than two years after the Closing Date, upon
a written request therefor from any record holder or holders of more than 50% of the Conversion Shares issued and issuable upon
conversion of the outstanding Preferred Stock and outstanding Warrant Shares, the Company shall prepare and not later than sixty
(60) days after such request (“Filing Date”) file, subject to Section 11.1(iv) hereof, , with the Commission
a registration statement under the 1933 Act registering the Registrable Securities which are the subject of such request, subject
to applicable Commission rules and regulations, for unrestricted public resale by the holder thereof. For purposes of Sections
11.1(i) and 11.1(ii) hereof, the definition of Registrable Securities shall not include Securities (A) which are registered for
resale in an effective registration statement, (B) which are included for registration in a pending registration statement, (C)
which have been issued without further transfer restrictions after a sale or transfer pursuant to Rule 144 under the 1933 Act or
(D) which may be resold under Rule 144 without volume limitations but not giving effect to the cashless exercise feature of the
Warrants. Upon the receipt of such written request, the Company shall promptly give written notice to all other record holders
(as of the date of delivery of such written notice) of the Registrable Securities that such registration statement is to be filed
and shall include in such registration statement Registrable Securities for which it has received written requests within ten (10)
days after the Company gives such written notice. Such other requesting record holders shall be deemed to have exercised their
demand registration right under this Section 11.1(i).

 

(ii)         If
the Company at any time proposes to register any of its securities under the 1933 Act for sale to the public, whether for its own
account or for the account of other security holders or both, except with respect to registration statements on Forms S-4, S-8
or another form not available for registering the Registrable Securities for sale to the public, provided the Registrable
Securities are not otherwise registered for resale by the Subscribers or Holder pursuant to an effective registration statement,
each such time it will give at least ten (10) days’ prior written notice to the record holders (as of the date of delivery
of such written notice) of the Registrable Securities of its intention so to do. Upon the written request of the holder that is
received by the Company within ten (10) days after the giving of any such notice by the Company to register any of the Registrable
Securities not previously registered, the Company will cause such Registrable Securities as to which registration shall have been
so requested to be included with the securities to be covered by the registration statement proposed to be filed by the Company,
all to the extent required to permit the sale or other disposition of the Registrable Securities so registered by the holder of
such Registrable Securities (each, a “Seller” and together, the “Sellers”). In the event
that any registration pursuant to this Section 11.1(ii) shall be, in whole or in part, an underwritten public offering of common
stock of the Company, the number of shares of Registrable Securities to be included in such an underwriting may be reduced on a
pro rata basis among the record holders so requesting registration by the managing underwriter if and to the extent that the Company
and the underwriter shall reasonably be of the opinion that such inclusion would adversely affect the marketing of the securities
to be sold by the Company therein; provided, however, that the Company shall notify the Seller in writing of any such reduction.
Unless the Holder notifies the Company in writing that it elects to deem the registration statement filed or to be filed pursuant
to this Section 11.1(ii) as a registration statement filed or to be filed pursuant to Section 11.1(ii), the Company may withdraw
or delay or suffer a delay of any registration statement referred to in this Section 11.1(ii) without thereby incurring any liability
to the Sellers.

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(iii)          If,
at the time any written request for registration is received by the Company pursuant to Section 11.1(i) hereof, the Company has
determined to proceed with the actual preparation and filing of a registration statement under the 1933 Act in connection with
the proposed offer and sale for cash of any of its securities for the Company’s own account and the Company actually does
file such other registration statement, such written request shall be deemed to have been given pursuant to Section 11.1(ii) rather
than Section 11.1(i), and the rights of the holders of Registrable Securities covered by such written request shall be governed
by Section 11.1(ii).

 

(iv)         The
Company shall file with the Commission a registration statement on Form S-1 (the “Registration Statement”) (or
such other form that it is eligible to use) in order to register the Registrable Securities for resale and distribution under the
1933 Act within ninety (90) days after the Closing Date or, if more than one Closing, the last Closing Date (the “Filing
Date”), and use its commercially reasonable best efforts to cause the Registration Statement to be declared effective
not later than one hundred and eighty (180) days after such Closing Date (the “Effective Date”). The Company
will register not less than a number of shares of common stock in the aforedescribed registration statement that is equal to 150%
of the Conversion Shares issued and issuable upon conversion of Preferred Stock including dividends at the default rate and 100%
of the Warrant Shares issuable upon exercise of the Warrants and Bridge Warrants (collectively the “Registrable Securities”).
In the event that the Company is required by the Commission to cutback the number of shares being registered in the Registration
Statement pursuant to Rule 415, the Company shall reduce the Registrable Securities in the order and priority set forth on Schedule
11.1(iv). The Registrable Securities shall be reserved and set aside exclusively for the benefit
of each Subscriber and Warrant holder, pro rata, and not issued, employed or reserved for anyone other than each
Subscriber and Warrant holder. The Registration Statement will immediately be amended or additional registration statements will
be immediately filed by the Company as necessary to register additional shares of Common Stock to allow the public resale of all
Common Stock included in and issuable by virtue of the Registrable Securities. Except as set forth on Schedule 11.1(iv),
without the written consent of the Subscribers, no securities of the Company other than the Registrable Securities will be included
in the Registration Statement.  It shall be deemed a Non-Registration Event (as defined herein) if at any time after the
date the Registration Statement is declared effective by the Commission (“Actual Effective Date”) the Company
has registered for unrestricted resale on behalf of the Subscribers fewer than 110% of the amount of Common Shares issuable upon
full conversion of all sums due under the Preferred Stock and Warrant Shares (the difference between such 110% and the actual amount
of shares registered being referred to herein as the “Shortfall”). In such event, the Company shall take all
actions necessary to cause at least 150% of the amount of shares of Common Stock issuable upon full conversion of all sums due
under the Preferred Stock and 100% of the Warrant Shares to be registered within sixty (60) days after the first day such Shortfall
exists. Failure to file the Registration Statement within thirty (30) days after the first day such Shortfall first exists or failure
to cause such registration to become effective within sixty (60) days after such Shortfall first exists shall be a Non-Registration
Event. 

 

11.2.      Registration
Procedures. If and whenever the Company is required by the provisions of Section 11.1 to effect the registration of any Registrable
Securities under the 1933 Act, the Company will, as expeditiously as possible:

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(a)          subject
to the timelines provided in this Agreement, (i) prepare and file with the Commission a registration statement required by Section
11.1 with respect to such Registrable Securities and use its commercially reasonable best efforts to cause such registration statement
to become and remain effective for the period of the distribution contemplated thereby (determined as herein provided), (ii) promptly
provide to the holders of the Registrable Securities copies of all filings and Commission letters of comment and notify the Sellers
(by telecopier and by e-mail addresses provided by the Subscribers) and Grushko & Mittman, P.C. (by telecopier and by email
to counslers@aol.com) on or before the second (2nd)
business days thereafter that the Company receives notice that (A) the Commission has no comments or no further comments on the
registration statement, and (B) the registration statement has been declared effective (failure to timely provide notice as required
by this Section 11.2(a) shall be a material breach of the Company’s obligation and an Event of Default as defined in the
Preferred Stock and a Non-Registration Event as defined in Section 11.4 of this Agreement);

 

(b)          prepare
and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection
therewith as may be necessary to keep such registration statement effective until such registration statement has been effective
for a period of one (1) year, and comply with the provisions of the 1933 Act with respect to the disposition of all of the Registrable
Securities covered by such registration statement in accordance with the Sellers’ intended method of disposition set forth
in such registration statement for such period;

 

(c)          furnish
to the Sellers, at the Company’s expense, such number of copies of the registration statement and the prospectus included
therein (including each preliminary prospectus) as such persons reasonably may request in order to facilitate the public sale or
their disposition of the securities covered by such registration statement, or make them electronically available;

 

(d)          use
its commercially reasonable best efforts to register or qualify the Registrable Securities covered by such registration statement
under the securities or “blue sky” laws of New York and such jurisdictions as the Sellers shall request in writing,
provided, however, that the Company shall not for any such purpose be required to qualify generally to transact business
as a foreign corporation in any jurisdiction where it is not so qualified or to consent to general service of process in any such
jurisdiction;

 

(e)          as
applicable, list or make available for quotation the Registrable Securities covered by such registration statement with any securities
exchange or quotation system on which the Common Stock of the Company is then listed or quoted;

 

(f)          notify
the Sellers within two (2) business days of the happening of any event of which the Company has knowledge as a result of which
the prospectus contained in such registration statement, as then in effect, includes an untrue statement of a material fact or
omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light
of the circumstances then existing, or which becomes subject to a Commission, state or other governmental order suspending the
effectiveness of the registration statement covering any of the Registrable Securities;

 

(g)          provided
same would not be in violation of the provision of Regulation FD under the 1934 Act, make available for inspection during reasonable
business hours by the Sellers and any attorney, accountant or other agent retained by the Sellers, all publicly available, non-confidential
financial and other records, pertinent corporate documents and properties of the Company, and cause the Company’s officers,
directors and employees to make available all publicly available, non-confidential information reasonably requested by the Sellers,
attorney, accountant or agent in connection with such registration statement at such requesting Seller’s expense;
and

 

(h)          provide
to the Sellers copies of the Registration Statement and amendments thereto at least five (5) days prior to the filing thereof with
the Commission. A Seller’s failure to comment on any registration statement or other document provided to a Subscriber or
its counsel shall be construed to constitute approval thereof nor the accuracy thereof.

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11.3.      Provision
of Documents. In connection with each registration described in this Section 11, each Seller will furnish to the Company in
writing such information and representation letters with respect to itself and the proposed distribution by it as reasonably shall
be necessary in order to assure compliance with federal and applicable state securities laws.

 

11.4.      Non-Registration
Events. The Company agrees that the Sellers will suffer damages if the Registration Statement is not filed by the Filing Date
and not declared effective by the Commission within sixty (60) days after the Effective Date, and any registration statement required
under Section 11.1(i) or 11.1(ii) is not filed within ninety (90) days after written request and declared effective by the Commission
within one hundred eighty (180 ) days after such request, and maintained in the manner and within the time periods contemplated
by Section 11 hereof, and it would not be feasible to ascertain the extent of such damages with precision. Accordingly, if (A)
the Registration Statement is not filed on or before the Filing Date, (B) the Registration Statement is not declared effective
on or before sixty (60) days after the Effective Date, (C) due to the intentional action or inaction of the Company the Registration
Statement is not declared effective within five (5) business days after receipt by the Company or its attorneys of a written or
oral communication from the Commission that the Registration Statement will not be reviewed or that the Commission has no further
comments, (D) if the registration statement described in Section 11.1(i) or 11.1(ii) is not filed within ninety (90) days after
such written request, or is not declared effective within one hundred eighty (180) days after such written request, or (E) any
registration statement described in Sections 11.1(i), 11.1(ii) or 11.1(iv) is filed and declared effective but shall thereafter
cease to be effective without being succeeded within thirty (30) business days by an effective replacement or amended registration
statement or for a period of time which shall exceed sixty (60) days in the aggregate per year (defined as every rolling period
of 365 consecutive days commencing on the Actual Effective Date) (each such event referred to in clauses A through E of this Section
11.4 is referred to herein as a “Non-Registration Event”), then the Company shall pay to the holder of Registrable
Securities, as “Liquidated Damages”, an amount equal to one percent (1%) for each thirty (30) days (or such
lesser pro-rata amount for any period of less than thirty (30) days) of the lesser of the (i) purchase price of the outstanding
Preferred Stock and (ii) purchase price of the Conversion Shares and Warrant Shares issued upon conversion of Preferred Stock and
exercise (but excluding cashless exercise) of Warrants held by Subscribers which are subject to such Non-Registration Event. The
Company may pay the Liquidated Damages in cash or securities. The Liquidated Damages must be paid within ten (10) business days
after the end of each thirty (30) day period or shorter part thereof for which Liquidated Damages are payable. In the event a Registration
Statement is filed by the Filing Date but is withdrawn prior to being declared effective by the Commission, then such Registration
Statement will be deemed to have not been filed and Liquidated Damages will be calculated accordingly. All oral or written comments
received from the Commission relating to a registration statement must be responded to within twenty (20) business days after receipt
of comments from the Commission. Failure to timely respond to Commission comments is a Non-Registration Event for which Liquidated
Damages shall accrue and be payable by the Company to the holders of Registrable Securities at the same rate and amounts set forth
above, calculated from the date the response was required to have been made. Liquidated Damages shall not be payable pursuant to
this Section 11.4 in connection with Registrable Securities for such times as such Registrable Securities may be sold by the holder
thereof without volume limitations or other restrictions pursuant to Section 144(b)(1)(i) of the 1933 Act. The Company shall
not be liable for Liquidated Damages under this Agreement as to any Registrable Securities which are not permitted by the Commission
to be included in a Registration Statement due solely to Commission guidance from the time that it is determined that such Registrable
Securities are not permitted to be registered until such time as the provisions of this Agreement as to the Registration Statements
required to be filed hereunder are triggered, in which case the provisions of this Section 11.4 shall once again apply. 
In such case, the Liquidated Damages shall be calculated to only apply to the percentage of Registrable Securities which are permitted
in accordance with Commission guidance to be included in such Registration Statement.  The Company may require, from
time to time, information by a holder of the Securities that is necessary to complete the Registration Statement in accordance
with the requirements of the 1933.  In the event of the failure by such holder to comply with the Company’s request
within seven (7) business days from the date of such request, the Company shall be permitted to exclude such holder from a Registration
Statement without being subject to the payment of any amount of Liquidated Damages to such holder. At such time that such holder
complies with the Company’s request, the Company shall use its reasonable best efforts to include such holder in the Registration
Statement. 

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11.5.      Expenses.
All expenses incurred by the Company in complying with Section 11, including, without limitation, all registration and filing fees,
printing expenses (if required), fees and disbursements of Company counsel and independent public accountants for the Company,
fees and expenses (including reasonable counsel fees) incurred in connection with complying with state securities or “blue
sky” laws, fees of FINRA, and fees of transfer agents and registrars are herein called “Registration Expenses.”
All underwriting discounts, selling commissions and transfer applicable to the sale of Registrable Securities are herein called
“Selling Expenses.” The Company will pay all Registration Expenses in connection with any registration statement
described in Section 11. Selling Expenses in connection with each such registration statement shall be borne by the Seller and
may be apportioned among the Sellers in proportion to the number of shares included on behalf of the Seller relative to the aggregate
number of shares included under such registration statement for all Sellers, or as all Sellers thereunder may agree.

 

11.6.      Indemnification
and Contribution.

 

(a)          In
the event of a registration of any Registrable Securities under the 1933 Act pursuant to Section 11, the Company will, to the extent
permitted by law, indemnify and hold harmless the Seller and each of the officers, directors, agents, Affiliates, members, managers,
control persons, and principal shareholders of the Seller, each underwriter of such Registrable Securities thereunder and each
other person, if any, who controls such Seller or underwriter within the meaning of the 1933 Act, against any losses, claims, damages
or liabilities to which such Seller or person may become subject under the 1933 Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement of any material fact
contained in any registration statement under which such Registrable Securities was registered under the 1933 Act pursuant to Section
11, any preliminary prospectus or final prospectus contained therein, or any amendment or supplement thereof, or arise out of or
are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading in light of the circumstances when made, and will, subject to the provisions of Section
11.6(c), reimburse such Seller for any reasonable legal or other expenses reasonably incurred by them in connection with investigating
or defending any such loss, claim, damage, liability or action; provided, however, that the Company shall not be liable
to the Seller to the extent that any such damages arise out of or are based upon an untrue statement or omission made in any preliminary
prospectus if (i) the Seller failed to send or deliver a copy of the final prospectus delivered by the Company to the Seller with
or prior to the delivery of written confirmation of the sale by the Seller to the person asserting the claim from which such damages
arise, (ii) the final prospectus would have corrected such untrue statement or alleged untrue statement or such omission or alleged
omission, or (iii) to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement
or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by any such Seller
in writing specifically for use in such registration statement or prospectus.

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(b)          In
the event of a registration of any of the Registrable Securities under the 1933 Act pursuant to Section 11, each Seller, severally
but not jointly, will, to the extent permitted by law, indemnify and hold harmless the Company, and each person, if any, who controls
the Company within the meaning of the 1933 Act, each officer of the Company who signs the registration statement, each director
of the Company, each underwriter and each person who controls any underwriter within the meaning of the 1933 Act, against all losses,
claims, damages or liabilities, joint or several, to which the Company or such officer, director, underwriter or controlling person
may become subject under the 1933 Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in the
registration statement under which such Registrable Securities were registered under the 1933 Act pursuant to Section 11, any preliminary
prospectus or final prospectus contained therein, or any amendment or supplement thereof, or arise out of or are based upon the
omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading, and will reimburse the Company and each such officer, director, underwriter and controlling person for
any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage,
liability or action; provided, however, that the Seller will be liable hereunder in any such case if and only to the extent that
any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission
or alleged omission made in reliance upon and in conformity with information pertaining to such Seller, as such, furnished in writing
to the Company by such Seller specifically for use in such registration statement or prospectus, and provided, further, however,
that the liability of the Seller hereunder shall be limited to the net proceeds actually received by the Seller from the sale of
Registrable Securities pursuant to such registration statement.

 

(c)          Promptly
after receipt by an indemnified party hereunder of notice of the commencement of any action, such indemnified party shall, if a
claim in respect thereof is to be made against the indemnifying party hereunder, notify the indemnifying party in writing thereof,
but the omission to so notify the indemnifying party shall not relieve the indemnifying party from any liability which it may have
to such indemnified party other than under this Section 11.6(c), and shall only relieve it from any liability which it may have
to such indemnified party under this Section 11.6(c), except and only if and to the extent the indemnifying party is materially
prejudiced by such omission. In case any such action shall be brought against any indemnified party and it shall notify the indemnifying
party of the commencement thereof, the indemnifying party shall be entitled to participate in and, to the extent it shall wish,
to assume and undertake the defense thereof with counsel satisfactory to such indemnified party, and, after notice from the indemnifying
party to such indemnified party of its election to so assume and undertake the defense thereof, the indemnifying party shall not
be liable to such indemnified party under this Section 11.6(c) for any legal expenses subsequently incurred by such indemnified
party in connection with the defense thereof other than reasonable costs of investigation and of liaison with counsel so selected,
provided, however, that, if the defendants in any such action include both the indemnified party and the indemnifying party
and the indemnified party shall have reasonably concluded that there may be reasonable defenses available to indemnified party
which are different from or additional to those available to the indemnifying party or if the interests of the indemnified party
reasonably may be deemed to conflict with the interests of the indemnifying party, the indemnified parties, as a group, shall have
the right to select one separate counsel, reasonably satisfactory to the indemnified and indemnifying party, and to assume such
legal defenses and otherwise to participate in the defense of such action, with the reasonable expenses and fees of such separate
counsel and other expenses related to such participation to be reimbursed by the indemnifying party as incurred.

 

(d)          In
order to provide for just and equitable contribution in the event of joint liability under the 1933 Act in any case in which either
(i) a Seller, or any controlling person of a Seller, makes a claim for indemnification pursuant to this Section 11.6 but it is
judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction and the expiration of time
to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding
the fact that this Section 11.6 provides for indemnification in such case, or (ii) contribution under the 1933 Act may be required
on the part of the Seller or controlling person of the Seller in circumstances for which indemnification is not provided under
this Section 11.6, then, and in each such case, the Company and the Seller will contribute to the aggregate losses, claims, damages
or liabilities to which they may be subject (after contribution from others) in such proportion so that the Seller is responsible
only for the portion represented by the percentage that the public offering price of its securities offered by the registration
statement bears to the public offering price of all securities offered by such registration statement, provided, however,
that, in any such case, (y) the Seller will not be required to contribute any amount in excess of the public offering price of
all such securities sold by it pursuant to such registration statement; and (z) no person or entity guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the 1933 Act) will be entitled to contribution from any person or entity who was not guilty
of such fraudulent misrepresentation; and provided, further, however, that the liability of the Seller hereunder shall be
limited to the net proceeds actually received by the Seller from the sale of Registrable Securities pursuant to such registration
statement.

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11.7.      Unlegended
Shares and 144 Sales.

 

(a)          Delivery
of Unlegended Shares. Within five (5) days (such fifth (5th) day being the “Unlegended Shares Delivery
Date”) after the day on which the Company has received (i) a notice that Conversion Shares, Warrant Shares or any other
Common Stock held by Subscriber has been sold pursuant to a registration statement or Rule 144 under the 1933 Act, (ii) a representation
that the prospectus delivery requirements, or the requirements of Rule 144, as applicable and if required, have been satisfied,
(iii) the original share certificates representing the shares of Common Stock that have been sold, and (iv) in the case of sales
under Rule 144, customary representation letters of Subscriber and, if required, Subscriber’s broker regarding compliance
with the requirements of Rule 144, the Company, at its expense, (y) shall deliver, and shall cause legal counsel selected by the
Company to deliver to its transfer agent (with copies to Subscriber) an appropriate instruction directing the delivery of shares
of Common Stock without any legends including the legend set forth in Section 4(h) above (the “Unlegended Shares”);
and (z) cause the transmission of the certificates representing the Unlegended Shares, together with a legended certificate representing
the balance of the submitted Common Stock certificate, if any, to Subscriber at the address specified in the notice of sale, via
express courier, by electronic transfer or otherwise on or before the Unlegended Shares Delivery Date.

 

(b)          DWAC.
In lieu of delivering physical certificates representing the Unlegended Shares, upon request of the Subscribers, so long as the
certificates therefor do not bear a legend and Subscriber is not obligated to return such certificate for the placement of a legend
thereon, the Company shall cause its transfer agent to electronically transmit the Unlegended Shares by crediting the account of
Subscriber’s prime broker with the Depository Trust Company through its Deposit Withdrawal Agent Commission system, if such
transfer agent participates in such DWAC system. Such delivery must be made on or before the Unlegended Shares Delivery Date.

 

(c)          Late
Delivery of Unlegended Shares. The Company understands that a delay in the delivery of the Unlegended Shares pursuant to Section
11.7 hereof later than the Unlegended Shares Delivery Date could result in economic loss to a Subscriber. As compensation to a
Subscriber for such loss, the Company agrees to pay late payment fees (as liquidated damages and not as a penalty) to Subscriber
for late delivery of Unlegended Shares in the amount of $100 per business day after the Unlegended Shares Delivery Date for each
$10,000 of purchase price of the Unlegended Shares, subject to the delivery default; provided that such delay is not the
direct or indirect result of Subscriber’s actions or omissions. If during any three hundred sixty (360) day period, the Company
fails to deliver Unlegended Shares as required by this Section 11.7 for an aggregate of thirty (30) days, then each Subscriber
or assignee holding Securities subject to such default may, at its option, require the Company to redeem all or any portion of
the Unlegended Shares subject to such default at a price per share equal to the greater of (i) 110% of the Purchase Price paid
by Subscriber for the Unlegended Shares that were not timely delivered, or (ii) a fraction in which the numerator is the highest
closing price of the Common Stock during the aforedescribed thirty day period and the denominator of which is the lowest conversion
price or exercise price, as the case may be, during such thirty (30) day period, multiplied by the price paid by Subscriber
for such Common Stock (“Unlegended Redemption Amount”). The Company shall promptly pay any payments incurred
under this Section in immediately available funds upon demand.

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(d)          Injunction.
In the event a Subscriber shall request delivery of Unlegended Shares as described in Section 11 and the Company is required to
deliver such Unlegended Shares pursuant to Section 11.7, the Company may not refuse to deliver Unlegended Shares based on any claim
that such Subscriber or any one associated or affiliated with such Subscriber has not complied with Subscriber’s obligations
under the Transaction Documents, or for any other reason, unless, an injunction or temporary restraining order from a court, on
notice, restraining and or enjoining delivery of such Unlegended Shares shall have been sought and obtained by the Company and
the Company has posted a surety bond for the benefit of such Subscriber in the amount of the greater of (i) 125% of the amount
of the aggregate purchase price of the Common Stock which is subject to the injunction or temporary restraining order, (ii) the
closing price of the Common Stock on the trading day before the issue date of the injunction multiplied by the number of Unlegended
Shares to be subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation of the
dispute and the proceeds of which shall be payable to such Subscriber to the extent Subscriber obtains judgment in Subscriber’s
favor.

 

(e)          Buy-In.
In addition to any other rights available to Subscriber, if the Company fails to deliver to Subscriber Unlegended Shares as required
pursuant to this Agreement and after the Unlegended Shares Delivery Date Subscriber, or a broker on Subscriber’s behalf,
purchases (in an open market transaction or otherwise) shares of common stock to deliver in satisfaction of a sale by such Subscriber
of the shares of Common Stock which Subscriber was entitled to receive from the Company (a “Buy-In”), then the
Company shall promptly pay in cash to Subscriber (in addition to any remedies available to or elected by Subscriber) the amount
by which (A) Subscriber’s total purchase price (including brokerage commissions, if any) for the shares of common stock so
purchased exceeds (B) the aggregate purchase price of the shares of Common Stock delivered to the Company for reissuance as Unlegended
Shares together with interest thereon at a rate of 15% per annum accruing until such amount and any accrued interest thereon
is paid in full (which amount shall be paid as liquidated damages and not as a penalty). For purposes
of illustration only, if Subscriber purchases shares of Common Stock having a total purchase price of $11,000 to cover a Buy-In
with respect to $10,000 of purchase price of shares of Common Stock delivered to the Company for reissuance as Unlegended Shares,
the Company shall be required to pay the Subscriber $1,000, plus interest. Subscriber shall promptly provide the Company written
notice indicating the amounts payable to Subscriber in respect of the Buy-In, including, evidence regarding the purchase of common
stock for which the Buy-In is implemented.

 

(e)          144
Default. At any time commencing six (6) months after the Closing Date, in the event Subscriber is not permitted to sell any
of the Conversion Shares or Warrant Shares without any restrictive legend, or if such sales are permitted but subject to volume
limitations or further restrictions on resale as a result of the unavailability to Subscriber of Rule 144(b)(1)(i) under the 1933
Act or any successor rule (a “144 Default”), for any reason, including, but not limited to, failure by the Company
to file quarterly, annual or any other filings required to be made by the Company by the required filing dates (provided that any
filing made within the time for a valid extension shall be deemed to have been timely filed), or the Company’s failure to
make information publicly available which would allow Subscriber’s reliance on Rule 144 in connection with sales of Conversion
Shares or Warrant Shares, except due to a change in current applicable securities laws or because Subscriber is an Affiliate (as
defined under Rule 144) of the Company, then the Company shall pay such Subscriber as liquidated damages and not as a penalty for
each thirty (30) days (or such lesser pro-rata amount for any period less than thirty (30) days) an amount equal to one percent
(1%) of the purchase price of the Conversion Shares and Warrant Shares subject to such 144 Default. Liquidated Damages shall not
be payable pursuant to this Section 11.7(e) in connection with Conversion Shares or Warrant Shares for such times as such shares
may be sold by the holder thereof without any legend or volume or other restrictions pursuant to Section 144(b)(1)(i) of the 1933
Act or pursuant to an effective registration statement.

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12.         (a)          Favored
Nations Provision. Other than in connection with (i) full or partial consideration in connection with a strategic merger, acquisition,
consolidation or purchase of substantially all of the securities or assets of a corporation or other entity, so long as such issuances
are not for the purpose of raising capital and which holders of such securities or debt are not at any time granted registration
rights, (ii) the Company’s issuance of securities in connection with strategic license agreements and other partnering arrangements,
so long as such issuances are not for the purpose of raising capital and which holders of such securities or debt are not at any
time granted registration rights, (iii) the Company’s issuance of Common Stock or the issuances or grants of options to purchase
Common Stock to employees, directors, and consultants, pursuant to plans described on Schedule 5(d) , (iv) securities
upon the exercise or exchange of or conversion of any securities exercisable or exchangeable for or convertible into shares of
Common Stock issued and outstanding on the date of this Agreement on the terms disclosed in the Reports and which securities
are also described on Schedule 12(a), and (v) as a result of the exercise of Warrants or conversion of Preferred
Stock which are granted or issued pursuant to this Agreement on the unamended terms in effect on the Closing Date (collectively,
the foregoing (i) through (v) are “Excepted Issuances”), if at any time the Preferred Stock or Warrants are
outstanding, the Company shall agree to or issue (the “Lower Price Issuance”) any Common Stock or securities
convertible into or exercisable for shares of Common Stock (or modify any of the foregoing which may be outstanding) to any Person
at a price per share or conversion or exercise price per share which shall be less than the Conversion Price in effect at such
time or the Warrant exercise price in effect at such time, as applicable, without the consent of the Subscribers, then the Conversion
Price and Warrant exercise price, as applicable, shall automatically be reduced to such other lower price. The average Conversion
Price of the Conversion Shares and average exercise price in relation to the Warrant Shares shall be calculated separately for
the Conversion Shares and Warrant Shares. Common Stock issued or issuable by the Company for no consideration or for consideration
that cannot be determined at the time of issue will be deemed issuable or to have been issued for $0.0001 per share of Common Stock.
For purposes of the issuance and adjustments described in this paragraph, the issuance of any security of the Company carrying
the right to convert such security into shares of Common Stock or any warrant, right or option to purchase Common Stock shall result
in the issuance of the additional shares of Common Stock upon the sooner of (A) the agreement to or (B) actual issuance of such
convertible security, warrant, right or options and again at any time upon any subsequent issuances of shares of Common Stock upon
exercise of such conversion or purchase rights if such issuance is at a price lower than the Conversion Price or Warrant exercise
price, as applicable, in effect upon such issuance. The rights of the Subscribers set forth in this Section 12 are in addition
to any other rights the Subscribers have pursuant to this Agreement, the Preferred Stock, Warrants or any other Transaction Document.

 

(b)          Right
of First Refusal. Until one (1) year following the Closing Date, the Subscribers shall be given not less than fifteen (15)
days prior written notice of any proposed sale by the Company of its common stock or other securities or equity linked debt obligations
(“Other Offering”), except in connection with the Excepted Issuances. If the Subscribers elect to exercise
their rights pursuant to this Section 12(b), the Subscribers shall have the right during the fifteen
(15) days following receipt of the notice, to purchase in the aggregate up to all of such offered common stock, debt or
other securities in accordance with the terms and conditions set forth in the notice of sale, relative to each other in proportion
to the amount of Preferred Stock issued to them on the Closing Date. Subscribers who participate in such Other Offering shall be
entitled at their option to purchase, in proportion to each other, the amount of such Other Offering that could have been purchased
by Subscribers who do not exercise their rights hereunder until up to the entire Other Offering is purchased by the Subscribers.
In the event such terms and conditions are modified during the notice period, Subscribers shall be given prompt notice of such
modification and shall have the right during the fifteen (15) days following the notice of modification to exercise such right.

 

(c)          Maximum
Exercise of Rights. Notwithstanding the foregoing, in the event the exercise of the rights described in Section 12(a) and Section
12(b) would or could result in the issuance of an amount of Common Stock of the Company that would exceed the maximum amount that
may be issued to a Subscriber as described in Section 2D of the Certificate of Designation and Section 9 of the Warrant, then the
issuance of such additional shares of Common Stock of the Company to such Subscriber will be deferred in whole or in part until
such time as such Subscriber is able to beneficially own such Common Stock without exceeding the applicable maximum amount set
forth and such Subscriber notifies the Company accordingly.

    	25

    	 

    

 

13.         Special
Conditions. On November 5, 2010, the Company issued an aggregate of $200,000 in Convertible Promissory Notes (“Bridge
Notes”) and Warrants to the parties described on Schedule 13 hereto (“Bridge Lenders”). The
Bridge Lenders intend to become Subscribers pursuant to this Agreement and pay for the Preferred Stock and Warrants to be acquired
hereunder by surrender of the Bridge Notes at an agreed value of the $200,000 principal amount of the Bridge Notes and accrued
interest (“Interest”) on the Bridge Notes through the Closing Date on the amounts as set forth on Schedule
1 and signature pages hereto. Together with such surrendered Bridge Notes and Interest, the Bridge Lenders will deliver to
the Escrow Agent, who shall accept same on behalf of the Company pending Closing or Initial Closing, as the case may be, the original
Bridge Notes. Upon Closing or Initial Closing, as the case may be, all of the Company’s obligations to the Bridge Lenders
pursuant to or in connection with the Bridge Notes and any other agreement in connection with the issuance and/or amendment of
the Bridge Notes will be fully satisfied.

 

14.         Miscellaneous.

 

(a)          Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile addressed as set forth below or to such other address as such party shall have specified
most recently by written notice in accordance with this Section 14(a). Any notice or other communication required or permitted
to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile with accurate confirmation generated
by the transmitting facsimile machine at the address or number designated below (if delivered on a business day during normal business
hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business
day during normal business hours where such notice is to be received, or (b) on the second business day following the date of mailing
by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first
occur. The addresses for such communications shall be: (i) if to the Company, to: GoEnergy Inc., c/o Kick the Can Corp., 1010 Avenue
of the Americas, Suite 302, New York, NY 10018, Attn: Gareb Shamus, facsimile: (212) 765-5779, with a copy by fax only to
(which shall not constitute notice): Anslow & Jaclin, LLP, 195 Route 9 South, Manalapan, NJ 07726, Attn: Joseph M. Lucosky,
Esq., facsimile: (732) 577-1188, and (ii) if to a Subscriber, to: the addresses and fax numbers indicated on Schedule 1
hereto, with an additional copy by fax only to (which shall not constitute notice): Grushko & Mittman, P.C., 515 Rockaway Avenue,
Valley Stream, New York 11581, facsimile: (212) 697-3575.

 

(b)          Entire
Agreement; Assignment. This Agreement and other documents delivered in connection herewith represent the entire agreement between
the parties hereto with respect to the subject matter hereof and may be amended only by a writing executed by all parties. Neither
the Company nor the Subscribers has relied on any representations not contained or referred to in this Agreement or the other Transaction
Documents. No right or obligation of the Company shall be assigned without prior notice to and the written consent of the Subscribers.

 

(c)          Counterparts/Execution.
This Agreement may be executed in any number of counterparts and by the different signatories hereto on separate counterparts,
each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument.
This Agreement may be executed by facsimile transmission, PDF, electronic signature or other similar electronic means with the
same force and effect as if such signature page were an original thereof.

    	26

    	 

    

 

(d)          Law
Governing this Agreement. This Agreement shall be governed by and construed in accordance with the laws of the State
of New York without regard to principles of conflicts of laws thereof or any other State. Any action brought by any party hereto
against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York
or in the federal courts located in the state and county of New York. The parties to this Agreement hereby irrevocably waive any
objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction
or venue or based upon forum non conveniens. The parties executing this Agreement and other agreements referred to herein
or delivered in connection herewith on behalf of the Company agree to submit to the in personam jurisdiction of such courts and
hereby irrevocably waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable
attorney’s fees and costs. In the event that any provision of this Agreement or any other agreement delivered in connection
herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative
to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such
provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision
of any agreement. Each party hereto hereby irrevocably waives personal service of process and consents to process being served
in any suit, action or proceeding in connection with this Agreement or any other Transaction Document by mailing a copy thereof
via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices
to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof.
Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

(e)          Specific
Enforcement, Consent to Jurisdiction. The Company and each Subscriber hereby irrevocably waives, and agrees not to assert
in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction in New York of such court,
that the suit, action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding is
improper. Nothing in this Section shall affect or limit any right to serve process in any other manner permitted by law. Subject
to Section 13(d) hereof, the Company and the Subscribers acknowledge and agree that irreparable damage would occur in the
event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise
breached. It is accordingly agreed that the parties hereto shall be entitled to seek an injunction or injunctions to prevent or
cure breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof, this being in addition
to any other remedy to which any of them may be entitled by law or equity. .

 

(f)          Damages.
In the event the Subscriber is entitled to receive any liquidated or other damages pursuant to the Transactions Documents, the
Subscriber may elect to receive the greater of actual damages or such liquidated damages. In the event the Subscriber is granted
rights under different sections of the Transaction Documents relating to the same subject matter or which may be exercised contemporaneously,
or pursuant to which damages or remedies are different, Subscriber is granted the right in Subscriber’s absolute discretion
to proceed under such section as Subscriber elects.

 

(g)          Maximum
Payments. Nothing contained herein or in any document referred to herein or delivered in connection
herewith shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted
by applicable law. In the event that the rate of interest or dividends required to be paid or other charges hereunder exceed the
maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to
the Subscribers and thus refunded to the Company. The Company agrees that it may not and actually waives any right to challenge
the effectiveness or applicability of this Section 14(g).

 

(h)          Calendar
Days. All references to “days” in the Transaction Documents shall mean calendar days unless otherwise stated. The
terms “business days” and “trading days” shall mean days that the New York Stock Exchange is open for trading
for three or more hours. Time periods shall be determined as if the relevant action, calculation or time period were occurring
in New York City. Any deadline that falls on a non-business day in any of the Transaction Documents shall be automatically extended
to the next business day and interest, if any, shall be calculated and payable through such extended period.

    	27

    	 

    

 

(i)          Captions;
Certain Definitions. The captions of the various sections and paragraphs of this Agreement have been inserted only for the
purposes of convenience; such captions are not a part of this Agreement and shall not be deemed in any manner to modify, explain,
enlarge or restrict any of the provisions of this Agreement. As used in this Agreement the term “person” shall
mean and include an individual, a partnership, a joint venture, a corporation, a limited liability company, a trust, an unincorporated
organization and a government or any department or agency thereof.

 

(j)          Consent.
As used in this Agreement and the other Transaction Documents and any other agreement delivered in connection herewith, “Consent
of the Subscribers” or similar language means the consent of all holders of the outstanding Preferred Stock on the date
consent is requested. The Subscribers may consent to take or forebear from any action permitted under or in connection with the
Transaction Documents, modify any Transaction Documents or waive any default or requirement applicable to the Company, the Subsidiaries
or the Subscribers under the Transaction Documents, provided the effect of such action does not waive any accrued interest
or damages and further provided that the relative rights of the Subscribers to each other remains unchanged.

 

(k)          Severability.
In the event that any term or provision of this Agreement shall be finally determined to be superseded, invalid, illegal or otherwise
unenforceable pursuant to applicable law by an authority having jurisdiction and venue, that determination shall not impair or
otherwise affect the validity, legality or enforceability: (i) by or before that authority of the remaining terms and provisions
of this Agreement, which shall be enforced as if the unenforceable term or provision were deleted, or (ii) by or before any other
authority of any of the terms and provisions of this Agreement.

 

(l)          Successor
Laws. References in the Transaction Documents to laws, rules, regulations and forms shall also include successors to and functionally
equivalent replacements of such laws, rules, regulations and forms. A successor rule to Rule 144(b)(1)(i) shall include any rule
that would be available to a non-Affiliate of the Company for the sale of Common Stock not subject to volume restrictions and after
a six month holding period.

 

(m)          Maximum
Liability. In no event shall the liability of the Subscribers or permitted assign hereunder or under
any Transaction Document or other agreement delivered in connection herewith be greater in amount than the dollar amount of the
net proceeds actually received by such Subscriber or successor upon the sale of Conversion Shares.

 

(n)          Independent
Nature of Subscribers.     The Company acknowledges that the obligations of each Subscriber under the Transaction
Documents are several and not joint with the obligations of any other Subscriber, and no Subscriber shall be responsible in any
way for the performance of the obligations of any other Subscriber under the Transaction Documents. The Company acknowledges
that each Subscriber has represented that the decision of each Subscriber to purchase Securities has been made by such Subscriber
independently of any other Subscriber and independently of any information, materials, statements or opinions as to the business,
affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of
the Company which may have been made or given by any other Subscriber or by any agent or employee of any other Subscriber, and
no Subscriber or any of its agents or employees shall have any liability to any other Subscriber (or any other person) relating
to or arising from any such information, materials, statements or opinions. The Company acknowledges
that nothing contained in any Transaction Document, and no action taken by any Subscriber pursuant hereto or thereto shall be deemed
to constitute the Subscribers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption
that the Subscribers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated
by the Transaction Documents.  The Company acknowledges that it has elected to provide all Subscribers with the same terms
and Transaction Documents for the convenience of the Company and not because Company was required or requested to do so by the
Subscribers.  The Company acknowledges that such procedure with respect to the Transaction Documents in no way creates a presumption
that the Subscribers are in any way acting in concert or as a group with respect to the Transaction Documents or the transactions
contemplated thereby.

    	28

    	 

    

 

(o)          Equal
Treatment. No consideration shall be offered or paid to any person to amend or consent to a waiver or modification of any provision
of the Transaction Documents unless the same consideration is also offered and paid to all the Subscribers and their permitted
successors and assigns.

 

(p)          Adjustments.
The conversion price, Warrant exercise price, amount of Conversion Shares and Warrant Shares, trading volume amounts, price/volume
amounts and similar figures in the Transaction Documents shall be equitably adjusted and as otherwise described in this Agreement,
the Certificate of Designation and Warrants.

 

[-SIGNATURE PAGES FOLLOW-]

    	29

    	 

    

SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT
(A)

 

Please acknowledge your acceptance of the foregoing
Subscription Agreement by signing and returning a copy to the undersigned whereupon it shall become a binding agreement between
us.

 

	 	GOENERGY INC.
	 	a Delaware corporation
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	Dated: December ___, 2010

   

	SUBSCRIBER	 	
        PURCHASE

        PRICE
	 	
        PREFERRED

        STOCK
	 	WARRANTS
	
        ALPHA CAPITAL ANSTALT

        Pradafant 7

        9490 Furstentums

        Vaduz, Lichtenstein

        Fax No.: 011-42-32323196

         

        Taxpayer ID# (if applicable): ________________

         

        _________________________________________

        (Signature)

        By:
	 	$300,000.00	 	3,000	 	150,000

   

    	30

    	 

    

SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT
(B)

 

Please acknowledge your acceptance of the foregoing
Subscription Agreement by signing and returning a copy to the undersigned whereupon it shall become a binding agreement between
us.

 

	 	GOENERGY INC.
	 	a Delaware corporation
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	Dated: December ___, 2010

 

	SUBSCRIBER	 	
        PURCHASE

        PRICE
	 	
        PREFERRED

        STOCK
	 	WARRANTS
	
        MOMONA CAPITAL LLC

        150 Central Park South, 2nd Floor

        New York, NY 10019

        Fax: (212) 586-8244

         

        Taxpayer ID# (if applicable): ________________

         

        _________________________________________

        (Signature)

        By:
	 	$25,000.00	 	250	 	12,500

  

    	31

    	 

    

SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT
(C)

 

Please acknowledge your acceptance of the foregoing
Subscription Agreement by signing and returning a copy to the undersigned whereupon it shall become a binding agreement between
us.

 

	 	GOENERGY INC.
	 	a Delaware corporation
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	Dated: December ___, 2010

   

	SUBSCRIBER	 	
        PURCHASE

        PRICE
	 	
        PREFERRED

        STOCK
	 	WARRANTS
	
        BRISTOL INVESTMENT FUND, LTD.

        c/o Bristol Capital Advisors, LLC

        6353 W. Sunset Blvd., Suite 4006

        Hollywood, CA 90028

        Attn: Amy Wang, Esq.

        Fax: (323) 960-3805

         

        Taxpayer ID# (if applicable): _________________

         

        _________________________________________

        (Signature)

        By:
	 	$250,000.00 *	 	2,500	 	125,000

  

* Bristol Investment Fund, Ltd. is surrendering a Bridge Note in
the principal amount of $50,000.

 

    	32

    	 

    

SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT
(D)

 

Please acknowledge your acceptance of the foregoing
Subscription Agreement by signing and returning a copy to the undersigned whereupon it shall become a binding agreement between
us.

 

	 	GOENERGY INC.
	 	a Delaware corporation
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	Dated: December ___, 2010

 

	SUBSCRIBER	 	
        PURCHASE

        PRICE
	 	
        PREFERRED

        STOCK
	 	WARRANTS
	
        CANYONS TRUST

        c/o Bristol Capital Advisors, LLC

        6353 W. Sunset Blvd., Suite 4006

        Hollywood, CA 90028

        Attn: Amy Wang, Esq.

        Fax: (323) 960-3805

         

        Taxpayer ID# (if applicable): _________________

         

        _________________________________________

        (Signature)

        By:
	 	$100,000.00	 	1,000	 	50,000

   

    	33

    	 

    

SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT
(E)

 

Please acknowledge your acceptance of the foregoing
Subscription Agreement by signing and returning a copy to the undersigned whereupon it shall become a binding agreement between
us.

   

	 	GOENERGY INC.
	 	a Delaware corporation
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	Dated: December ___, 2010

 

	SUBSCRIBER	 	
        PURCHASE

        PRICE
	 	
        PREFERRED

        STOCK
	 	WARRANTS
	
        Name of Subscriber:

         

        _________________________________________

         

        Address: _________________________________________

         

        _________________________________________

         

        Fax No.: ________________________________

         

        Taxpayer ID# (if applicable): ________________

        or Social Security #

         

        _________________________________________

        (Signature)

        By:
	 	 	 	 	 	 

  

    	34

    	 

    

LIST OF EXHIBITS AND SCHEDULES

 

	Exhibit A	Certificate of Designation
	Exhibit B	Form of Series A Warrants
	Exhibit C	Escrow Agreement
	Exhibit D	Share Exchange Documents
	Exhibit E	Super 8-K
	Exhibit F	Form of Legal Opinion
	Exhibit G	Form of Audit Opinion
	Schedule 1	List of Subscribers
	Schedule 5(a)	Subsidiaries
	Schedule 5(d)	Capitalization and Additional Issuances
	Schedule 5(f)	Violations and Conflicts
	Schedule 5(o)	Undisclosed Liabilities
	Schedule 5(w)	Transfer Agent
	Schedule 9(e)	Use of Proceeds
	Schedule 9(w)	Further Registration Statements
	Schedule 9(l)	Intellectual Property
	Schedule 11.1(iv)	Registrable Securities
	Schedule 12(a)	Excepted Issuances
	Schedule 13	Bridge Lenders

 

    	35

    	 

    

SCHEDULE 1

 

	SUBSCRIBER AND ADDRESS	 	PURCHASE

PRICE	 	
        PREFERRED

        STOCK
	 	WARRANTS
	
        ALPHA CAPITAL ANSTALT

        Pradafant 7

        9490 Furstentums

        Vaduz, Lichtenstein

        Fax No.: 011-42-32323196
	 	$300,000.00	 	3,000	 	150,000
	
        MOMONA CAPITAL LLC

        150 Central Park South, 2nd Floor

        New York, NY 10019

        Fax: (212) 586-8244
	 	$25,000.00	 	250	 	12,500
	
        BRISTOL INVESTMENT FUND, LTD.

        c/o Bristol Capital Advisors, LLC

        6353 W. Sunset Blvd., Suite 4006

        Hollywood, CA 90028

        Attn: Amy Wang, Esq.

        Fax: (323) 960-3805
	 	
        $250,000.00

        (Bristol Investment Fund, Ltd. is surrendering a Bridge Note in
        the principal amount of $50,000.)
	 	2,5031	 	125,000
	
        CANYONS TRUST

        c/o Bristol Capital Advisors, LLC

        6353 W. Sunset Blvd., Suite 4006

        Hollywood, CA 90028

        Attn: Amy Wang, Esq.

        Fax: (323) 960-3805
	 	$100,000.00	 	1,000	 	50,000
	
        DPIT 2, LLC

        8 Hop Brook Lane

        Holmdel, NJ 07733

        Attn: Sam DelPresto
	 	
        $100,622.00

        (DPIT 2, LLC is surrendering a Bridge Note in the principal amount
        of $100,000.)
	 	1,006	 	50,311
	
        GLOBAL CAPITAL PARNTERS, LLC

        P.O. Box 6560

        Pahrum, Nevada 89041-6560

        Fax: (604) 987-7653
	 	
        $25,150.00

        (Global Capital Partners LLC is surrendering a Bridge Note in the
        principal amount of $25,000.)
	 	252	 	12,575
	
        CHARLES MALETTE

        1550 West 35th Avenue

        Vancouver, V6NNH2

        Fax: (604) 643-7498
	 	
        $25,156.00

        (Charles Malette is surrendering a Bridge Note in the principal
        amount of $25,000.)
	 	252	 	12,578
	
        GUARDIAN TRUST COMPANY LTD. AS TRUSTEE OF THE BRULEE TRUST

        c/o Guardian Trust Company Ltd.

        15 Boulevard Helvetidale, 1207 Geneva

        Switzerland

        Fax: 011-41-22-718-7201
	 	$50,000.00	 	500	 	25,000
	
        AMPERSAND MANAGEMENT SA

        AS TRUSTEE OF THE MUNT TRUST

        20 Rue Etienne Dumont

        P.O. Box 3313, 1204 Geneva 3

        Switzerland

        Fax: 011-41-22-321-3526
	 	$100,000.00	 	1,000	 	50,000
	TOTALS	 	$975,928.00	 	9760	 	487,964

 

 

1
Bristol is getting a second stock certificate for 3 shares to account for the interest that accrued on the $50,000 bridge note. 

 

    	36

    	 

    

 

SCHEDULE 5(a)

 

SUBSIDIARIES

   

	Name of Subsidiary	 	Ownership Interests	 
	Kick the Can Corp., a Nevada corporation	 	 	100	%

 

No exception to the Company’s representation that it owns
all of the equity of the Subsidiaries and rights to receive equity of the Subsidiaries, free and clear of all liens, encumbrances
and claims.

 

    	37

    	 

    

SCHEDULE 5(d)

 

CAPITALIZATION2

 

GoEnergy, Inc.

 

1.    Authorized and
Outstanding Stock:

 

	 	(a)	Preferred Stock, par value $.0001 per share – 20,000,000 authorized and none outstanding; and
	 	(b)	Common Stock, par value $.0001 per share – 80,000,000 shares authorized and 38,942,9593
    outstanding on a fully diluted basis

 

2.    Outstanding
rights to acquire or receive, directly or indirectly, any equity of the Company (e.g., options, warrants or rights to subscribe
to securities, rights, understandings or obligations convertible into or exchangeable for or granting any right to subscribe for
any shares of capital stock or other equity interest of the Company):

 

Warrants dated November 5, 2010 issued in connection with
the Bridge Notes exercisable for an aggregate of 500,000 shares at an exercise price of $.60 per share.

 

3.    Officer,
director, employee and consultant stock option or stock incentive plan or similar plan:

 

None other than a stock option plan to be adopted after
the Closing Date.

 

Subsidiary Kick the Can Corp.

 

1.    Common
Stock, par value $.0001 per share – 60,000,000 authorized and 33,430,1074
outstanding.

 

2.    Outstanding
rights to acquire or receive, directly or indirectly, any equity of the Company (e.g., options, warrants or rights to subscribe
to securities, rights, understandings or obligations convertible into or exchangeable for or granting any right to subscribe for
any shares of capital stock or other equity interest of the Company):

 

Convertible Demand Promissory Note dated November 5, 2010
issued by GoEnergy, Inc., as holder, and Kick the Can Corp., as maker, in the amount of $200,000 with a conversion price of $.40
per share

 

3.    Officer,
director, employee and consultant stock option or stock incentive plan or similar plan:

 

None.

Convertible Demand Promissory Note dated November 5, 2010
issued by GoEnergy, Inc., as holder, and Kick the Can Corp., as maker, in the amount of $200,000 with a conversion price of $.40
per share

   

 

2 Does not include the Securities

3 Represents the sum of (i)
4,319,893 issued and outstanding, (ii) 33,430,107 shares issuable upon the consummation of the
share exchange, (iii) 502,740 shares issued upon conversion of the Bridge Notes, (iv) 500,000 shares issuable upon exercise of
the warrants issued in connection with the Bridge Notes and (v) 190,219 shares issuable upon settlement of debt.

4 These shares will be exchanged
for shares of the Company pursuant to the share exchange.

 

    	38

    	 

    

 

4.    Officer,
director, employee and consultant stock option or stock incentive plan or similar plan:

 

None.

  

    	39

    	 

    

 

SCHEDULE 5(f)

 

ANTIDULTION AND REGISTRATION RIGHTS5

 

	 	1.	Triggered anti-dilution rights/reset/repricing:
	 	 	 
	 	 	Warrants dated November 5, 2010 issued in connection with the Bridge Notes exercisable for an aggregate of 500,000 shares at an exercise price of $.60 per share.
	 	 	 
	 	2.	Triggered registration rights:
	 	 	 
	 	 	None.

 

 

5 Post consummation of the Share Exchange

 

    	 

    	 

    

 

SCHEDULE 5(o)

 

UNDISCLOSED LIABILITIES

 

Undisclosed Liabilities since July 31, 2010 that would reasonably
be expected to have a Material Adverse Effect:

 

	 	 	None.

 

    	 

    	 

    

 

SCHEDULE 5(w)

 

TRANSFER AGENT

 

SIGNATURE
STOCK TRANSFER, INC.

2632
Coachlight Court

Plano,
Texas  75093

Telephone
972.612.4120

Facsimile
972.612.4122

Attn:
Jason M. Bogutski-President

Email
– signaturestocktransfer@msn.com 

 

    	 

    	 

    

 

SCHEDULE 9(e)

 

USE OF PROCEEDS

 

All proceeds will be used for working capital and general corporate.

 

    	 

    	 

    

 

SCHEDULE 9(l)

 

INTELLECTUAL PROPERTY

 

GoEnergy, Inc.

 

Kick the Can Corp.

 

	1.	Atlanta Comic Convention, including, without limitation, the assignment of the Memorandum, dated January 1, 2010, by and between the Company and Wes Tillander.
	 	 
	2.	Big Apple Comic Convention, including, without limitation, the assignment of the Memorandum, dated April 1, 2009, by and between the Company and Big Apple Tables, LLC. 
	 	 
	3.	Cincinnati Comic Convention, including, without limitation, the assignment of the Memorandum, dated January 4, 2010, by and between the Company and Marc Ballard. 
	 	 
	4.	Connecticut Comic Convention, including, without limitation, the assignment of the Memorandum, dated May 2010, by and among the Company and Alternative Universe, Mitchell Hallock, Erik Yaeko and Jay Claus.
	 	 
	5.	Nashville Comic Convention, including, without limitation, the assignment of the Memorandum, dated January 4, 2010, by and between the Company and Marc Ballard.
	 	 
	6.	New England Comic Convention, including, without limitation, the assignment of the Memorandum, dated November 16, 2009, by and between the Company and Harrisons Limited (Harrisons).
	 	 
	7.	North Coast Comic Convention, including, without limitation, the assignment of the Memorandum, dated January 2010, by and between the Company and Roger Priebe.
	 	 
	8.	Toronto Comic Convention, , including, without limitation, the assignment of the Memorandum, dated June 2009, by and among the Company, Peter Dixon and Paradise Conventions.

 

    	 

    	 

    

 

SCHEDULE 9(w)

 

BENEFICIARIES OF REGISTRATION STATEMENTS

 

	SUBSCRIBER AND ADDRESS
	
        ALPHA CAPITAL ANSTALT

        Pradafant 7

        9490 Furstentums

        Vaduz, Lichtenstein

        Fax No.: 011-42-32323196

	
        MOMONA CAPITAL LLC

        150 Central Park South, 2nd Floor

        New York, NY 10019

        Fax: (212) 586-8244

	
        BRISTOL INVESTMENT FUND, LTD.

        c/o Bristol Capital Advisors, LLC

        6353 W. Sunset Blvd., Suite 4006

        Hollywood, CA 90028

        Attn: Amy Wang, Esq.

        Fax: (323) 960-3805

	
        CANYONS TRUST

        c/o Bristol Capital Advisors, LLC

        6353 W. Sunset Blvd., Suite 4006

        Hollywood, CA 90028

        Attn: Amy Wang, Esq.

        Fax: (323) 960-3805

	
        DPIT 2, LLC

        8 Hop Brook Lane

        Holmdel, NJ 07733

        Attn: Sam DelPresto

	
        GLOBAL CAPITAL PARNTERS, LLC

        P.O. Box 6560

        Pahrum, Nevada 89041-6560

        Fax: (604) 987-7653

	
        CHARLES MALETTE

        1550 West 35th Avenue

        Vancouver, V6NNH2

        Fax: (604) 643-7498

	
        GUARDIAN TRUST COMPANY LTD. AS TRUSTEE OF THE BRULEE TRUST

        c/o Guardian Trust Company Ltd.

        15 Boulevard Helvetidale, 1207 Geneva

        Switzerland

        Fax: 011-41-22-718-7201

	
        AMPERSAND MANAGEMENT SA

        AS TRUSTEE OF THE MUNT TRUST

        20 Rue Etienne Dumont

        P.O. Box 3313, 1204 Geneva 3

        Switzerland

        Fax: 011-41-22-321-3526

 

    	 

    	 

    

 

SCHEDULE 11.1(iv)

 

REGISTRATION 

 

	 	1.	Cutback of Registrable Securities
	 	 	 
	 	 	Registrable Securities shall be cut back on a pro rata basis among the number of shares being registered.
	 	 	 
	 	2.	Securities of the Company other than the Registrable Securities that will be included in the Registration Statement:
	 	 	 
	 	 	None.

 

    	 

    	 

    

 

SCHEDULE 12(a)

 

See Schedule 5(d)

 

    	 

    	 

    

 

SCHEDULE 13

 

BRIDGE LENDERS

 

	 	1.	DPIT 2, LLC
	 	2.	Charles MaLette
	 	3.	Global Capital Partners
	 	4.	Bristol Investment Fund, Ltd.

 

    	 

    	 

    

 

EXHIBIT A

 

	 	State of Delaware
	 	Secretary of State
	 	Division of Corporations
	 	Delivered 04:34 PM 12/07/2010
	 	FILED 04:34 PM 12/07/2010
	 	SRV 101158671 – 3386812 FILE

CERTIFICATE TO SET FORTH
DESIGNATIONS, VOTING POWERS, 

PREFERENCES, LIMITATIONS, RESTRICTIONS, AND RELATIVE

RIGHTS OF SERIES A CUMULATIVE CONVERTIBLE 

PREFERRED STOCK, $.0001 PAR VALUE PER SHARE

 

Wizard World, Inc.
(f/k/a GoEnergy, Inc.), a Delaware corporation (the “Corporation”), hereby certifies that the following
resolutions were adopted by the Board of Directors of the Corporation (the “Board”) on November 23, 2010
pursuant to authority of the Board as required by Section 151 of the Delaware General Corporation Law:

  

RESOLVED, that pursuant
to the authority granted to and vested in the Board in accordance with the provisions of the Certificate
of Incorporation of the Corporation, the Board hereby authorizes a series of the Corporation’s previously authorized preferred
stock, par value $0.0001 per share (the “Preferred Stock”), and hereby states the designation and number of shares, and fixes
the relative rights, preferences, privileges, powers and restrictions thereof as follows:

 

	1.	Name of Corporation:
	 	 
	 	Wizard World, Inc. (f/k/a GoEnergy, Inc.).
	 	 
	2.	Designation:

 

Series A Cumulative Convertible
Preferred Stock, $.0001 par value per share, issuable only pursuant to and in connection with
that certain Subscription Agreement dated at or about December 7, 2010 among the Corporation and the original Subscribers to Series
A Cumulative Convertible Preferred Stock (the “Subscription Agreement”). Capitalized terms employed herein but
not otherwise defined shall have the meanings ascribed to them in the Subscription Agreement.

 

A.           Designation;
Number of Shares. The designation of said series of preferred stock shall be Series A Cumulative Convertible
Preferred Stock (the “Series A Preferred Stock”). The number of shares of Series A Preferred
Stock shall be up lo 25,000 shares. Each share of Series A Preferred Stock shall have a stated value equal to $100.00 (as adjusted
for any stock dividends, combinations or splits with respect to such shares) (the “Series A Stated Value”).

 

B.            Dividends.

 

(a)           The
holders of outstanding shares of Series A Preferred Stock (collectively, the “Holders” and each, a “Holder”)
shall be entitled to receive preferential dividends at the rate of 8% per share per annum on the Series A Stated Value
out of any funds of the Corporation legally available under all applicable law for such purpose, but before any dividend
or other distribution will be paid or declared and set apart for payment on any shares of any Junior Stock (defined below). Such
dividends shall compound annually and be fully cumulative, and shall accumulate from the date of original issuance of the Series
A Preferred Stock, and shall be payable annually on the last day of each calendar year, in arrears
in cash or as described below (provided that if the last day of a calendar year is a Saturday, Sunday or legal holiday in New
York, NY, then such dividend shall be payable, without interest for such additional day(s), on the next day that is not a Saturday,
Sunday or legal holiday). Upon the occurrence of an Event of Default (as defined below) and while such Event of Default is outstanding,
such dividend rate shall be increased to 15% per annum on the
Series A Stated Value. Dividends must be delivered to the Holders not later than five (5) business days after each specified dividend
payment date. At the Corporation’s option in its sole and absolute discretion, such dividend payments may be made in (i)
additional shares of Series A Preferred Stock valued at the Series A Stated Value thereof, in an amount equal
to 150% of the cash dividend otherwise payable or (ii) a combination of cash and additional shares of Series A Preferred Stock,
provided there is not an existing current Event of Default on the annual date on which a dividend payment is payable, in
which event the Holder entitled to receive such dividend may elect to receive such dividends in cash or additional shares of Series
A Preferred Stock.  The issuance of such shares of Series A Preferred Stock shall
constitute full payment of such dividends or such portion of such dividends payable in additional shares of Series A Preferred
Stock, as the case may be. 

 

12/7/2010, 6:12, PM

  

    	 

    	 

    

   

(b)           The
dividends on the Series A Preferred Stock at the rates provided above shall be cumulative whether or not declared so that, if at
any time full cumulative dividends at the rate aforesaid on all shares of the Series A Preferred Stock then outstanding from the
date from and after which dividends thereon are cumulative to the end of the annual dividend period next preceding such time shall
not have been paid or declared and set apart for payment, or if the full dividend on all such outstanding Series A Preferred Stock
for the then current dividend period shall not have been paid or declared and set apart for payment, the amount of the deficiency
shall be paid or declared and set apart for payment before any sum shall be set apart for or applied by the Corporation or a subsidiary
of the Corporation to the purchase, redemption or other acquisition of the Series A Preferred Stock or any shares of any other
class of stock ranking on a parity with the Series A Preferred Stock and before any dividend or other distribution shall be paid
or declared and set apart for payment on any Junior Stock and before any sum shall be set aside for or applied to the purchase,
redemption or other acquisition of any Junior Stock.

 

C.           Liquidation
and Redemption Rights.  Upon the occurrence of a Liquidation Event (as defined below), the Holders of the Series A Preferred
Stock shall be entitled to receive, and before any payment or distribution shall be made on any shares of any Common Stock or other
class of stock presently authorized or to be authorized (the Common Stock and such other stock being hereinafter collectively,
the “ Junior Stock ”), out of the assets of the Corporation available for distribution to stockholders, an amount
equal to two (2) times the Series A Stated Value and all accrued and unpaid dividends to and including the date of payment thereof.  Upon
the payment in full of all amounts due to the Holders of the Series A Preferred Stock (on an as converted basis), the Common Stock
and any other class of Junior Stock shall collectively receive all remaining assets of the Corporation legally available for distribution.  If
the assets of the Corporation available for distribution to the Holders of the Series A Preferred Stock shall be insufficient to
permit payment in full of the amounts payable as aforesaid to the Holders of Series A Preferred Stock upon a Liquidation Event,
then all such assets of the Corporation shall be distributed to the exclusion of the Holders of Junior Stock ratably among the
Holders of the Series A Preferred Stock. “ Liquidation Event ” shall mean (i) the liquidation, dissolution or
winding-up, whether voluntary or involuntary, of the Corporation, (ii) the purchase or redemption by the Corporation of shares
of any class of stock or the merger or consolidation of the Corporation with or into any other corporation or corporations, unless
(a) the Holders of the Series A Preferred Stock receive securities of the surviving corporation having substantially similar rights
as the Series A Preferred Stock and the stockholders of the Corporation immediately prior to such transaction are holders of at
least a majority of the voting securities of the successor corporation immediately thereafter (the “ Permitted Merger
”), unless the Holders of the shares of Series A Preferred Stock elect otherwise or (b) the sale, license or lease of all
or substantially all, or any material part of, the Corporation’s assets, unless the Holders elect otherwise.

 

D.          Conversion
into Common Stock.  Holders of shares of Series A Preferred Stock shall have the following conversion rights and obligations:

 

(a)           Subject
to the further provisions of this paragraph D(a), each Holder of Series A Preferred Stock shall have the right at any time commencing
after the issuance to such Holder of Series A Preferred Stock, to convert such shares, accrued but unpaid declared dividends on
the Series A Preferred Stock and any other sum owed by the Corporation arising from the Series A Preferred Stock or pursuant to
the Subscription Agreement entered into by the Corporation and the Holder or Holder’s predecessor in connection with the
issuance of Series A Preferred Stock (each a “ Subscription Agreement ”)  (collectively “
Obligation Amount ”) into fully paid and non-assessable shares of Common Stock of the Corporation determined in accordance
with the applicable conversion price provided in paragraph D(b) below (the “ Conversion Price ”).  All
declared or accrued but unpaid dividends may be converted at the election of the Holder together with or independent of the conversion
of the Series A Stated Value of the Series A Preferred Stock.

 

(b)           The
number of shares of Common Stock issuable upon conversion of the Obligation Amount shall equal (i) the sum of (A) the Series A
Stated Value being converted and/or (B) at the Holder’s election, accrued and unpaid dividends or any other component of
the Obligation Amount, divided by (ii) the Conversion Price.  The Conversion Price of the Series A Preferred Stock shall
be $0.40, subject to adjustment only as described herein.

 

    	 

    	 

    

 

(c)           Holder
will give notice of its decision to exercise its right to convert the Series A Preferred Stock, or part thereof and/or accrued
and unpaid dividends, by sending by facsimile an executed and completed Notice of Conversion (a form of which is annexed as Exhibit
A to this Certificate of Designation) to the Corporation via confirmed facsimile transmission.  The Holder will not be
required to surrender the Series A Preferred Stock certificate until the Series A Preferred Stock has been fully converted.  Each
date on which a Notice of Conversion is sent by facsimile to the Corporation in accordance with the provisions hereof shall be
deemed a Conversion Date.  The Corporation will itself, or cause the Corporation’s transfer agent to, transmit
the Corporation’s Common Stock certificates representing the Common Stock issuable upon conversion of the Series A Preferred
Stock to the Holder via express courier for receipt by such Holder within three (3) business days after receipt by the Corporation
of the Notice of Conversion (the “ Delivery Date ”).  In the event the Common Stock is electronically
transferable, then delivery of the Common Stock must be made by electronic transfer, provided request for such electronic
transfer has been made by the Holder.  A Series A Preferred Stock certificate representing the balance of the Series
A Preferred Stock not so converted will be provided by the Corporation to the Holder if requested by Holder, provided the
Holder has delivered the original Series A Preferred Stock certificate to the Corporation.  To the extent that a Holder
elects not to surrender the certificate for such Series A Preferred Stock for reissuance upon partial payment or conversion, the
Holder hereby indemnifies the Corporation against any and all loss or damage attributable to a third-party claim in an amount in
excess of the actual amount of the Series A Stated Value then owned by the Holder.

 

In the case of the exercise
of the conversion rights set forth in paragraph D(a) hereof, the conversion privilege shall be deemed to have been exercised and
the shares of Common Stock issuable upon such conversion shall be deemed to have been issued upon the date of receipt by the Corporation
of the Notice of Conversion.  The person or entity entitled to receive Common Stock issuable upon such conversion shall,
on the date and thereafter, be treated for all purposes as the recordholder of such Common Stock and shall on the same date cease
to be treated for any purpose as the record Holder of such shares of Series A Preferred Stock so converted.

 

Upon the conversion of
any shares of Series A Preferred Stock, no adjustment or payment shall be made with respect to such converted shares on account
of any dividend on the Common Stock, except that the Holder of such converted shares shall be entitled to be paid any dividends
declared on shares of Common Stock after conversion thereof.

 

The Corporation shall not
be required, in connection with any conversion of the Series A Preferred Stock and payment of dividends on Series A Preferred Stock,
to issue a fraction of a share of its Series A Preferred Stock or Common Stock and shall instead deliver a stock certificate representing
the next higher whole number.

 

The Corporation and the
Holder may not convert that amount of the Obligation Amount on a Conversion Date in amounts that would result in the Holder having
a beneficial ownership of Common Stock which would be in excess of the sum of (i) the number of shares of Common Stock beneficially
owned by the Holder and its Affiliates on such Conversion Date, and (ii) the number of shares of Common Stock issuable upon the
conversion of the Obligation Amount with respect to which the determination of this proviso is being made on such Conversion Date,
which would result in the aggregate beneficial ownership by the Holder and its Affiliates of more than 4.99% of the outstanding
shares of Common Stock of the Corporation.  For the purposes of the proviso to the immediately preceding sentence, beneficial
ownership shall be determined in accordance with Section 13(d) of the 1934 Act and Regulation 13d-3 thereunder.  Subject
to the foregoing, the Holder shall not be limited to successive exercises which would result in the aggregate issuance of more
than 4.99%.  The Holder may allocate which of the equity of the Corporation deemed beneficially owned by the Holder shall
be included in the 4.99% amount described above and which shall be allocated to the excess above 4.99%.   The Holder
may waive the conversion limitation described in this Section in whole or in part, upon and effective after sixty one (61) days’
prior written notice to the Company.

 

(d)           The
Conversion Price determined pursuant to Paragraph D(b) shall be subject to adjustment from time to time as follows:

 

(i)           In
case the Corporation shall at any time (A) declare any dividend or distribution on its Common Stock or other securities of the
Corporation other than the Series A Preferred Stock, (B) split or subdivide the outstanding Common Stock, (C) combine the outstanding
Common Stock into a smaller number of shares, or (D) issue by reclassification of its Common Stock any shares or other securities
of the Corporation, then in each such event the Conversion Price shall be adjusted proportionately so that the Holders of Series
A Preferred Stock shall be entitled to receive the kind and number of shares or other securities of the Corporation which such
Holders would have owned or have been entitled to receive after the happening of any of the events described above had such shares
of Series A Preferred Stock been converted immediately prior to the happening of such event (or any record date with respect thereto).  Such
adjustment shall be made whenever any of the events listed above shall occur.  An adjustment made to the Conversion Price
pursuant to this paragraph D(d)(i) shall become effective immediately after the effective date of the event.

 

    	 

    	 

    

  

(ii)          For
so long as Series A Preferred Stock is outstanding, other than in the case of an “ Excepted Issuance ” (as defined
in Section 12(a) of the Subscription Agreement), if the Corporation issues shares of Common Stock or securities convertible into
or exchangeable or exercisable for Common Stock, for a consideration at a price per share, or having a conversion, exchange or
exercise price per share less than the Conversion Price of the Series A Preferred Stock immediately in effect prior to such sale
or issuance, then immediately prior to such sale or issuance the Conversion Price of the Series A Preferred Stock shall be reduced
to such other lower price.   For  purposes of this adjustment, the issuance of any security carrying the
right to convert such security directly or indirectly into shares of Common Stock or of any warrant, right or option to purchase
Common Stock shall result in an adjustment to the Conversion Price upon the issuance of the above-described security and again
upon the issuance of shares of Common Stock upon exercise of such conversion or purchase rights if such issuance is at a price
lower than the then applicable Conversion Price.  Common Stock issued or issuable by the Company for no consideration
or for consideration that cannot be determined at the time of issue will be deemed issuable or to have been issued for $.0001 per
share of Common Stock.  The reduction of the Conversion Price described in this paragraph is in addition to other rights
of the Holder described in this Certificate of Designation and the Subscription Agreement.

 

(e)          (1)           In
case of any merger of the Corporation with or into any other corporation (other than a merger in which the Corporation is the surviving
or continuing corporation and which does not result in any reclassification, conversion, or change of the outstanding shares of
Common Stock), then unless the right to convert shares of Series A Preferred Stock shall have terminated as part of such merger,
lawful provision shall be made so that Holders of Series A Preferred Stock shall thereafter have the right to convert each share
of Series A Preferred Stock into the kind and amount of shares of stock and/or other securities or property receivable upon such
merger by a Holder of the number of shares of Common Stock into which such shares of Series A Preferred Stock might have been converted
immediately prior to such consolidation or merger.  Such provision shall also provide for adjustments which shall be
as nearly equivalent as may be practicable to the adjustments provided for in sub-paragraph (d) of this paragraph D.  The
foregoing provisions of this paragraph D(e) shall similarly apply to successive mergers.

 

(i)           In
case of any sale or conveyance to another person or entity of the property of the Corporation as an entirety, or substantially
as an entirety, in connection with which shares or other securities or cash or other property shall be issuable, distributable,
payable, or deliverable for outstanding shares of Common Stock, then, unless the right to convert such shares shall have terminated,
lawful provision shall be made so that the Holders of Series A Preferred Stock shall thereafter have the right to convert each
share of the Series A Preferred Stock into the kind and amount of shares of stock or other securities or property that shall be
issuable, distributable, payable, or deliverable upon such sale or conveyance with respect to each share of Common Stock immediately
prior to such conveyance.

 

(f)           Whenever
the number of shares to be issued upon conversion of the Series A Preferred Stock is required to be adjusted as provided in this
paragraph D(f), the Corporation shall forthwith compute the adjusted number of shares to be so issued and prepare a certificate
setting forth such adjusted conversion amount and the facts upon which such adjustment is based, and such certificate shall forthwith
be filed with the Transfer Agent for the Series A Preferred Stock and the Common Stock, and the Corporation shall give notice in
the manner described in the Subscription Agreement to each Holder of record of Series A Preferred Stock of such adjusted conversion
price not later than the first business day after the event, giving rise to the adjustment.

 

(g)           In
case at any time the Corporation shall propose:

 

(i)           to
pay any dividend or distribution payable in shares upon its Common Stock or make any distribution (other than cash dividends) to
the Holders of its Common Stock; or

 

(ii)          to
offer for subscription to the Holders of its Common Stock any additional shares of any class or any other rights; or

 

    	 

    	 

    

 

(iii)         any
capital reorganization or reclassification of its shares or the merger of the Corporation with another corporation (other than
a merger in which the Corporation is the surviving or continuing corporation and which does not result in any reclassification,
conversion, or change of the outstanding shares of Common Stock); or

 

(iv)         the
voluntary dissolution, liquidation or winding-up of the Corporation;

 

then, and in any one or more of said cases,
the Corporation shall cause at least fifteen (15) days prior notice of the date on which (A) the books of the Corporation shall
close or a record be taken for such stock dividend, distribution, or subscription rights, or (B) such capital reorganization, reclassification,
merger, dissolution, liquidation or winding-up shall take place, as the case may be, to be mailed to the Holders of record of the
Series A Preferred Stock.

 

(h)           For
so long as any shares of Series A Preferred Stock or any Obligation Amount shall remain outstanding and the Holders thereof shall
have the right to convert the same in accordance with provisions of this paragraph D(h), the Corporation shall at all times reserve
from the authorized and unissued shares of its Common Stock 150% of the number of shares of Common Stock that would be necessary
to allow the conversion of the entire Obligation Amount.

 

(i)           The
term “Common Stock” as used in this Certificate of Designation shall mean the Common Stock of the Corporation
as such stock is constituted at the date of issuance thereof or as it may from time to time be changed, or shares of stock of any
class or other securities and/or property into which the shares of the Series A Preferred Stock shall at any time become convertible
pursuant to the provisions of this paragraph D(i).

 

(j)           The
Corporation shall pay the amount of any and all issue taxes (but not income taxes) which may be imposed in respect of any issue
or delivery of stock upon the conversion of any shares of Series A Preferred Stock, but all transfer taxes and income taxes that
may be payable in respect of any change of ownership of Series A Preferred Stock or any rights represented thereby or of stock
receivable upon conversion thereof shall be paid by the person or persons surrendering such stock for conversion.

 

(k)           In
the event a Holder shall elect to convert any shares of Series A Preferred Stock as provided herein, the Corporation may not refuse
conversion based on any claim that such Holder or any one associated or affiliated with such Holder has been engaged in any violation
of law, or for any other reason unless, an injunction from a court, on notice, restraining and or enjoining conversion of all or
part of said shares of Series A Preferred Stock shall have been sought and obtained by the Corporation or at the Corporation’s
request or with the Corporation’s assistance and the Corporation posts a surety bond for the benefit of such Holder equal
to 120% of the Obligation Amount sought to be converted, which is subject to the injunction, which bond shall remain in effect
until the completion of arbitration/litigation of the dispute and the proceeds of which shall be payable to such Holder in the
event Holder obtains judgment.

 

(l)            In
addition to any other rights available to the Holder, if the Corporation fails to deliver to the Holder such certificate or certificates
pursuant to Section D(c) by the Delivery Date and if after the Delivery Date the Holder or a broker on behalf of the Holder purchases
(in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by such Holder of the
Common Stock which the Holder anticipated receiving upon such conversion (a “ Buy-In ”), then the Corporation
shall pay in cash to the Holder (in addition to any remedies available to or elected by the Holder) within five (5) business days
after written notice from the Holder, the amount by which (A) the Holder’s total purchase price (including brokerage commissions,
if any) for the shares of Common Stock so purchased exceeds (B) the aggregate Series A Stated Value of the shares of Series A Preferred
Stock for which such conversion was not timely honored, together with interest thereon at a rate of 15% per annum, accruing until
such amount and any accrued interest thereon is paid in full (which amount shall be paid as liquidated damages and not as a penalty).
The Holder shall provide the Corporation written notice indicating the amounts payable to the Holder in respect of the Buy-In,
which shall include evidence of the price at which such Holder had to purchase the Common Stock in an open-market transaction or
otherwise.

 

(m)           The
Corporation understands that a delay in the delivery of Common Stock upon conversion of Series A Preferred Stock in the form required
pursuant to this Certificate of Designation and the applicable Subscription Agreement after the Delivery Date could result in economic
loss to the Holder.  As compensation to the Holder for such loss, the Corporation agrees to pay (as liquidated damages
and not as a penalty) to the Holder for such late issuance of Common Stock upon Conversion of the Series A Preferred Stock in the
amount of $100 per business day after the Delivery Date for each $10,000 of Obligation Amount being converted of the corresponding
Common stock which is not timely delivered.  The Corporation shall pay any payments incurred under this section in immediately
available funds upon demand.  Furthermore, in addition to any other remedies which may be available to the Holder, in
the event that the Corporation fails for any reason to effect delivery of the Common Stock by the Delivery Date, the Holder will
be entitled to revoke all or part of the relevant Notice of Conversion or rescind all by delivery of a notice to such effect to
the Corporation, whereupon the Corporation and the Holder shall each be restored to their respective positions immediately prior
to the delivery of such notice, except that the liquidated damages described above shall be payable through the date notice of
revocation is given to the Corporation.

 

    	 

    	 

    

  

(n)           Upon
(i) the occurrence of an Event of Default (as defined in this Certificate of Designation), that continues for more than
twenty (20) business days after any applicable grace period, (ii) a Change in Control (as defined in the Subscription Agreement),
or (iii) of the liquidation, dissolution or winding up of the Company, then at the Holder’s election, the Corporation must
pay to the Holder, ten (10) business days after request by the Holder (the “ Calculation Period ”), a sum of
money determined by multiplying the then current purchase price of the outstanding Preferred Stock designated by the Holder by
110%, plus accrued but unpaid dividends (” Mandatory Redemption Payment” ). The Mandatory Redemption Payment
must be received by such Holder not later than thirty (30) business days after request (“ Mandatory Redemption Payment
Date” ). Upon receipt of the Mandatory Redemption Payment, the corresponding Series A Preferred Stock and dividends will
be deemed paid and no longer outstanding. For purposes of this Section, “ Change in Control ” shall mean (i)
the Corporation no longer having a class of shares publicly traded, listed or quoted, as applicable, on a Principal Market, (ii)
the Corporation becoming a Subsidiary of another entity (other than a corporation formed by the Corporation for purposes of reincorporation
in another U.S. jurisdiction), (iii) a majority of the board of directors of the Corporation as of the Closing Date no longer
serving as directors of the Corporation, except due to natural causes, and (iv) the sale, lease or transfer of substantially all
the assets of the Corporation or Subsidiaries.

 

E.           Voting
Rights.   The Holders of shares of Series A Preferred Stock shall not vote together with the holders of the Common
Stock on an as converted basis, provided, however, that the consent of the Holders shall be required for the following actions:

 

(a)           amending
the Corporation’s certificate of incorporation or by-laws if such amendment would adversely affect the Series A Preferred
Stock, including, without limitation,:

 

(i)           changing
the relative seniority rights of the holders of the Series A Preferred Stock as to the payment of dividends in relation to the
holders of any other capital stock of the Corporation, or create any other class or series of capital stock entitled to seniority
as to the payment of dividends in relation to the holders of Series A Preferred Stock;

 

(ii)          reducing
the amount payable to the holders of Series A Preferred Stock upon the voluntary or involuntary liquidation, dissolution or winding
up of the Corporation, or change the relative seniority of the liquidation preferences of the holders of Series A Preferred Stock
to the rights upon liquidation of the holders of other capital stock of the Corporation, or change the dividend rights of the holders
of Series A Preferred Stock;

 

(iii)         canceling
or modifying the conversion rights of the holders of Series A Preferred Stock provided for in Section D herein;

 

(iv)        canceling
or modifying the rights of the holders of the Series A Preferred Stock provided for in this Section E; or

 

(v)         changing
the authorized number of shares of Series A Preferred Stock.

 

(b)           purchasing
any of the Corporation’s securities other than required redemptions of Series A Preferred Stock and repurchase under restricted
stock and option agreements authorizing the Corporation’s employees (as permitted herein);

 

(c)           effecting
a Liquidation Event;

 

(d)           declaring
or paying any dividends other than in respect of the Series A Preferred Stock; and

 

(e)           issuing
any additional securities having rights senior to or on parity with the Series A Preferred Stock.

 

    	 

    	 

    

  

3.            Events
of Default.  For so long as the Series A Preferred Stock is outstanding, unless waived in writing by the Holders, the
occurrence of any of the following is an event of default (each, an “ Event of Default ”) and shall thereafter
or until such Event of Default has been cured, if such Event of Default is permitted to be cured hereunder, cause the dividend
rate to become 15% from and after the occurrence and during the pendency of such event with respect to the Series A Preferred Stock:

 

(a)         The
Corporation fails to timely pay any dividend payment or the failure to timely pay any other sum of money due to a Holder of Series
A Preferred Stock from the Corporation pursuant to the Subscription Agreement or any other Transaction Document.

 

(b)         The
Corporation breaches any material covenant or other material term or condition of the Subscription Agreement or this Certificate
of Designation in any material respect and such breach, if subject to cure, continues for a period of five (5) business days.

 

(c)         Any
material representation or warranty of the Corporation made herein, in any other Transaction Document (as defined in Section 5(c)
of the Subscription Agreement), or in any agreement, statement or certificate given in writing pursuant hereto or in connection
herewith or therewith shall be false or misleading in any material respect as of the date made and as of the Closing Date.

 

(d)         Any
dissolution, liquidation or winding up of Corporation or any substantial portion of its business.

 

(e)         Any
continued cessation of operations by the Corporation or any material Subsidiary for thirty (30) days or more or the Corporation
is unable to pay its debts after such debts become due.

 

(f)          The
transfer or sale by the Corporation or any material Subsidiary of any material Intellectual Property  (as disclosed on
Schedule 9(l) of the Subscription Agreement), personal property, real property or other assets which are necessary to conduct its
business (whether now or in the future),without receiving fair value.

 

(g)         The
merger, consolidation or reorganization of the Corporation with or into another corporation or person or entity (other than with
or into a wholly owned subsidiary of the Corporation), or  sale of the capital stock of the Corporation by the Corporation
or the holders thereof, in any case under circumstances in which the holders of a majority of the voting power of the outstanding
capital stock of Corporation immediately prior to such transaction owning less than a majority in voting power of the outstanding
capital stock of Corporation or the surviving or resulting corporation or other entity, as the case may be, immediately following
such transaction.

 

(h)         The
Corporation or any material Subsidiary shall make an assignment for the benefit of creditors, or apply for or consent to the appointment
of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise
be appointed.

 

(i)          Any
money judgment, writ or similar final process shall be entered or filed against the Corporation or its material Subsidiary or any
of their property or other assets for more than $100,000, and shall remain unpaid, unvacated, unbonded or unstayed for a period
of forty-five (45) days.

 

(j)          Bankruptcy,
insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the
issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Corporation and/or
any material Subsidiary.

 

(k)         Failure
of the Corporation’s Common Stock to be listed for trading or quotation on the NYSE Amex Equities, Nasdaq Capital Market,
Nasdaq Global Market, Nasdaq Global Select Market, Bulletin Board, or New York Stock Exchange (whichever of the foregoing is at
the time the principal trading exchange or market for the Common Stock (the “ Principal Market ”) for a period
of ten (10) consecutive trading days.

 

    	 

    	 

    

  

(l)          A
default by the Corporation or any material Subsidiary under any one or more obligations in an aggregate monetary amount in excess
of $100,000 for more than twenty (20) days after the due date, unless the Corporation or its material Subsidiary is contesting
the validity of such obligation in good faith.

 

(m)        A
Commission or judicial stop trade order or Principal Market trading suspension with respect to the Corporation’s Common Stock
that lasts for ten (10) or more consecutive trading days.

 

(n)         The
failure by the Corporation to have reserved for issuance upon conversion of the Series A Preferred Stock the number of shares of
Common Stock as required in the Subscription Agreement.

 

(o)         A
default by the Corporation or any material Subsidiary of a material term, covenant, warranty or undertaking of any other agreement
to which the Corporation or any material Subsidiary and Holder are parties, or the occurrence of a material event of default under
any such other agreement which is not cured after any required notice and/or cure period.

 

(p)         The
occurrence of one or more events having a Material Adverse Effect (as defined in Section 5(a) of the Subscription Agreement).

 

(q)         The
Corporation effectuates a reverse split of its Common Stock without twenty (20) days prior written notice to the Holders.

 

(r)          The
restatement of any financial statements filed by the Corporation for any date or period from and after two years prior to the Issue
Date of this Certificate of Designation, if the result of such restatement would, by comparison to the unrestated financial statements,
have constituted a Material Adverse Effect.

 

(s)         The
Corporation’s failure to timely deliver to the Holder of Series A Preferred Stock Common Stock issuable upon conversion of
the Series A Preferred Stock or a replacement Preferred Stock certificate (if required) within five (5) business days after the
required delivery date.

 

4.            Status
of Converted or Redeemed Stock.  In case any shares of Series A Preferred Stock shall be redeemed or otherwise repurchased
or reacquired, the shares so redeemed, repurchased, or reacquired shall resume the status of authorized but unissued shares of
preferred stock, and shall no longer be designated as Series A Preferred Stock.

 

IN WITNESS WHEREOF, the Corporation has caused
this Certificate of Designation to be signed by its duly authorized officer on December 7, 2010.

 

	 	GoEnergy, Inc.
	 	 
	 	By: 	/s/ Gareb Shamus
	 	 	Name: Gareb Shamus
	 	 	Title: President and Chief Executive Officer

 

    	 

    	 

    

 

EXHIBIT A

 

NOTICE OF CONVERSION

 

(To Be Executed By the Registered Holder in
Order to Convert Series A Preferred Stock of Wizard World, Inc.)

 

The undersigned hereby
irrevocably elects to convert $______________ of the Series A Stated Value of the above Series A Preferred Stock into shares of
Common Stock of Wizard World, Inc. (the “ Corporation ”) according to the conditions hereof, as of the date
written below.

 

The undersigned hereby
irrevocably elects to convert $______________ of the dividends accrued on the Series A Preferred Stock held by the undersigned
for the period ________________ to _____________ into shares of Common Stock of the Corporation according to the conditions hereof,
as of the date written below.

 

The undersigned hereby
irrevocably elects to convert $____________ of the Obligation Amount consisting of ___________________________ for the period ____________
to ______________ into shares of Common Stock of the Corporation according to the conditions hereof, as of the date written below.

 

	Date of Conversion: 	 

 

	Applicable Conversion Price Per Share: 	 

 

	Number of Common Shares Issuable Upon This Conversion: 	 

 

Select one:

 

 ̈           A
Series A Convertible Preferred Stock certificate is being delivered herewith.  The unconverted portion of such certificate
should be reissued and delivered to the undersigned.

 

 ̈           A
Series A Convertible Preferred Stock certificate is not being delivered to Wizard World, Inc.

 

	Signature:	 

 

	Print Name:	 

 

	Address:	 
	 	 
	 	 

 

Deliveries Pursuant to this Notice of Conversion
Should Be Made to: 

 

    	 

    	 

    

 

EXHIBIT B

 

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

.

	 	Right to Purchase ________ shares of Common Stock of GoEnergy, Inc. (subject to adjustment as provided herein)

 

SERIES A COMMON STOCK PURCHASE WARRANT

 

	No. 2010-A-___	Issue Date: December __, 2010

 

GOENERGY, INC., a corporation organized under
the laws of the State of Delaware (the “Company”), hereby certifies that, for value received, _______________
(the “ Holder ”), with an address at ___________________________________, or its assigns (the “ Holder
”), is entitled, subject to the terms set forth below, to purchase from the Company at any time after the Issue Date until
5:00 p.m., E.D.T on the five (5) year anniversary of the Issue Date (the “ Expiration Date ”), up to ____________
  fully paid and non-assessable shares of Common Stock at a per share purchase price of $0.60.  The aforedescribed
purchase price per share, as adjusted from time to time as herein provided, is referred to herein as the “ Purchase Price
..”  The number and character of such shares of Common Stock and the Purchase Price are subject to adjustment as
provided herein.  The Company may reduce the Purchase Price for some or all of the Warrants, temporarily or permanently,
provided such reduction is made as to all outstanding Warrants for all Holders of such Warrants.  Capitalized terms
used and not otherwise defined herein shall have the meanings set forth in that certain Subscription Agreement (the “
Subscription Agreement ”), dated as of December 6, 2010, entered into by the Company, the Holder and the other signatories
thereto.

 

As used herein the following
terms, unless the context otherwise requires, have the following respective meanings:

 

(a)         The
term “Company” shall mean GoEnergy, Inc., a Delaware corporation, and any corporation which shall succeed or
assume the obligations of GoEnergy, Inc. hereunder.

 

(b)         The
term “Common Stock” includes (i) the Company's Common Stock, $0.0001 par value per share, as authorized
on the date of the Subscription Agreement, and (ii) any other securities into which or for which any of the securities described
in (i) may be converted or exchanged pursuant to a plan of recapitalization, reorganization, merger, sale of assets or otherwise.

 

(c)         The
term “Other Securities” refers to any stock (other than Common Stock) and other securities of the Company or
any other person (corporate or otherwise) which the holder of the Warrant at any time shall be entitled to receive, or shall have
received, on the exercise of the Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable or
shall have been issued in exchange for or in replacement of Common Stock or Other Securities pursuant to Section 4 hereof
or otherwise.

 

(d)         The
term “Warrant Shares” shall mean the Common Stock issuable upon exercise of this Warrant.

 

1.           Exercise
of Warrant.

 

    	 

    	 

    

 

1.1.         Number
of Shares Issuable upon Exercise.  From and after the Issue Date through and including the Expiration Date, the Holder
shall be entitled to receive, upon exercise of this Warrant in whole in accordance with the terms of Section 1.2 hereof or
upon exercise of this Warrant in part in accordance with Section 1.3 hereof, shares of Common Stock of the Company, subject
to adjustment pursuant to Section 4 hereof and Sections 12(a) and 14(p) of the Subscription Agreement.

 

1.2.         Full
Exercise.  This Warrant may be exercised in full by the Holder hereof by delivery to the Company of an original or facsimile
copy of the form of subscription attached as Exhibit A hereto (the “ Subscription Form ”) duly executed
by such Holder and delivered within two (2) business day thereafter of payment, in cash, wire transfer or by certified or official
bank check payable to the order of the Company, in the amount obtained by multiplying the number of shares of Common Stock for
which this Warrant is then exercisable by the Purchase Price then in effect.  The original Warrant is not required to
be surrendered to the Company until it has been fully exercised.

 

1.3.         Partial
Exercise.  This Warrant may be exercised in part (but not for a fractional share) by delivery of a Subscription Form
in the manner and at the place provided in Section 1.2 hereof, except that the amount payable by the Holder on such partial
exercise shall be the amount obtained by multiplying (a) the number of whole shares of Common Stock designated by the Holder
in the Subscription Form by (b) the Purchase Price then in effect.  On any such partial exercise, upon the written
request of the Holder, provided the Holder has surrendered the original Warrant, the Company, at its expense, will forthwith issue
and deliver to or upon the order of the Holder a new Warrant of like tenor, in the name of the Holder hereof or as such Holder
(upon payment by such Holder of any applicable transfer taxes) may request, the whole number of shares of Common Stock for which
such Warrant may still be exercised.

 

1.4.         Fair
Market Value.  For purposes of this Warrant, the Fair Market Value of a share of Common Stock as of a particular
date (the “ Determination Date ”) shall mean:

 

(a)           If
the Company's Common Stock is traded on an exchange or  on the NASDAQ Global Market, NASDAQ Global Select Market, the
NASDAQ Capital Market, the New York Stock Exchange or the NYSE AMEX Equities, then the average of the closing sale prices of the
Common Stock for the five (5) trading days immediately prior to (but not including) the Determination Date;

 

(b)           If
the Company's Common Stock is not traded on an exchange or on the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ
Capital Market, the New York Stock Exchange or the NYSE AMEX Equities, but is traded on the OTC Bulletin Board or in the over-the-counter
market or Pink Sheets, then the average of the closing bid and ask prices reported for the five (5) trading days immediately prior
to (but not including) the Determination Date;

 

(c)           Except
as provided in clause (d) below and Section 3.1 hereof, if the Company's Common Stock is not publicly traded, then as the
Holder and the Company shall mutually agree, or in the absence of such an agreement after good faith efforts of the Company and
the Holder to reach an agreement, by arbitration in accordance with the rules then standing of the American Arbitration Association,
before a single arbitrator to be chosen from a panel of persons qualified by education and training to pass on the matter to be
decided; or 

 

(d)           If
the Determination Date is the date of a liquidation, dissolution or winding up, or any event deemed to be a liquidation, dissolution
or winding up pursuant to the Company's charter, then all amounts to be payable per share to holders of the Common Stock pursuant
to the charter in the event of such liquidation, dissolution or winding up, plus all other amounts to be payable per share in respect
of the Common Stock in liquidation under the charter, assuming for the purposes of this clause (d) that all of the shares
of Common Stock then issuable upon exercise of all of the Warrants are outstanding at the Determination Date.

 

1.5.         Company
Acknowledgment.  The Company will, at the time of the exercise of the Warrant, upon the request of the Holder hereof,
acknowledge in writing its continuing obligation to afford to such Holder any rights to which such Holder shall continue to be
entitled after such exercise in accordance with the provisions of this Warrant. If the Holder shall fail to make any such request,
such failure shall not affect the continuing obligation of the Company to afford to such Holder any such rights.

 

    	 

    	 

    

 

1.6.         Delivery
of Stock Certificates, etc. on Exercise. The Company agrees that, provided the purchase price listed in the Subscription Form is
received as specified in Section 2 hereof, the shares of Common Stock purchased upon exercise of this Warrant shall be deemed to
be issued to the Holder hereof as the record owner of such shares as of the close of business on the date on which delivery of
a Subscription Form shall have occurred and payment made for such shares as aforesaid. As soon as practicable after the exercise
of this Warrant in full or in part and the payment is made, and in any event within five (5) business days thereafter (“
Warrant Share Delivery Date ”), the Company, at its expense (including the payment by it of any applicable issue taxes),
will cause to be issued in the name of, and delivered to, the Holder hereof, or as such Holder (upon payment by such Holder of
any applicable transfer taxes) may direct in compliance with applicable securities laws, a certificate or certificates for the
number of duly and validly issued, fully paid and non-assessable shares of Common Stock (or Other Securities) to which such Holder
shall be entitled on such exercise, plus, in lieu of any fractional share to which such Holder would otherwise be entitled, cash
equal to such fraction multiplied by the then Fair Market Value of one full share of Common Stock, together with any other stock
or other securities and property (including cash, where applicable) to which such Holder is entitled upon such exercise pursuant
to Section 1  hereof or otherwise.  The Company understands that a delay in the delivery of the Warrant Shares
after the Warrant Share Delivery Date could result in economic loss to the Holder.  As compensation to the Holder for
such loss, the Company agrees to pay (as liquidated damages and not as a penalty) to the Holder for late issuance of Warrant Shares
upon exercise of this Warrant the proportionate amount of $100 per business day after the Warrant Share Delivery Date for each
$10,000 of Purchase Price of Warrant Shares for which this Warrant is exercised which are not timely delivered.  The
Company shall promptly pay any payments incurred under this Section in immediately available funds upon demand.  Furthermore,
in addition to any other remedies which may be available to the Holder, in the event that the Company fails for any reason to effect
delivery of the Warrant Shares by the Warrant Share Delivery Date, the Holder may revoke all or part of the relevant Warrant exercise
by delivery of a written notice to such effect to the Company, whereupon the Company and the Holder shall each be restored to their
respective positions immediately prior to the exercise of the relevant portion of this Warrant, except that the liquidated damages
described above shall be payable through the date notice of revocation or rescission is given to the Company.

 

1.7.         Buy-In.   In
addition to any other rights available to the Holder, if the Company fails to deliver to a Holder the Warrant Shares as required
pursuant to this Warrant, and the Holder or a broker on the Holder’s behalf, purchases (in an open market transaction or
otherwise) shares of Common Stock to deliver in satisfaction of a sale by such Holder of the Warrant Shares which the Holder was
entitled to receive from the Company (a “ Buy-In” ), then the Company shall pay in cash to the Holder (in addition
to any remedies available to or elected by the Holder) the amount by which (A) the Holder's total purchase price (including brokerage
commissions, if any) for the shares of Common Stock so purchased exceeds (B) the aggregate Purchase Price of the Warrant Shares
required to have been delivered together with interest thereon at a rate of 15% per annum, accruing until such amount and any accrued
interest thereon is paid in full (which amount shall be paid as liquidated damages and not as a penalty).  For purposes
of illustration, if a Holder purchases shares of Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect
to $10,000 of Purchase Price of Warrant Shares to have been received upon exercise of this Warrant, the Company shall be required
to pay the Holder $1,000, plus interest. The Holder shall provide the Company written notice indicating the amounts payable to
the Holder in respect of the Buy-In, which shall include evidence of the price at which such Holder had to purchase the Common
Stock in an open-market transaction or otherwise.

 

2.           Cashless
Exercise.

 

(a)          Payment
upon exercise may be made at the written option of the Holder either in (i) cash, wire transfer or by certified or official bank
check payable to the order of the Company equal to the applicable aggregate Purchase Price, (ii) by delivery of Common Stock issuable
upon exercise of the Warrants in accordance with Section (b) below or (iii) by a combination of any of the foregoing
methods, for the number of Common Stock specified in such form (as such exercise number shall be adjusted to reflect any adjustment
in the total number of shares of Common Stock issuable to the Holder per the terms of this Warrant) and the Holder shall thereupon
be entitled to receive the number of duly authorized, validly issued, fully-paid and non-assessable shares of Common Stock (or
Other Securities) determined as provided herein.  Notwithstanding the immediately preceding sentence, payment upon exercise
may be made in the manner described in Section 2(b) below only with respect to Warrant Shares not included for unrestricted public
resale in an effective registration statement on the date notice of exercise is given by the Holder.

 

(b)          If
the Fair Market Value of one share of Common Stock is greater than the Purchase Price (at the date of calculation as set forth
below), in lieu of exercising this Warrant for cash, the Holder may elect to receive shares equal to the value (as determined below)
of this Warrant (or the portion thereof being cancelled) by delivery of a properly endorsed Subscription Form delivered to the
Company by any means described in Section 13 hereof, in which event the Company shall issue to the holder a number of shares of
Common Stock computed using the following formula:

    	 

    	 

    

 

 

	X= 	Y (A-B)
	 	A

 

	 	Where  X=	the number of shares of Common Stock to be issued to the Holder

 

	 	Y=	the number of shares of Common Stock purchasable under the Warrant or, if only a portion of the Warrant is being exercised, the portion of the Warrant being exercised (at the date of such calculation)

 

	 	A=	Fair Market Value

 

	 	B=	Purchase Price (as adjusted to the date of such calculation)

 

For purposes of Rule 144
promulgated under the 1933 Act, it is intended, understood and acknowledged that the Warrant Shares issued in a cashless exercise
transaction in the manner described above shall be deemed to have been acquired by the Holder, and the holding period for the Warrant
Shares shall be deemed to have commenced, on the date this Warrant was originally issued pursuant to the Subscription Agreement.

 

3.           Adjustment
for Reorganization, Consolidation, Merger, etc.

 

3.1.         Fundamental Transaction. 
If, at any time while this Warrant is outstanding, (A) the Company  effects any merger or  consolidation  of
the Company with or into another entity, (B) the Company effects any sale of all or substantially all of its assets in
one or a series of related transactions,  (C) any tender offer or exchange offer (whether
by the Company or another entity) is completed pursuant to which holders of Common Stock are permitted to tender or exchange
their shares for other securities, cash or property, (D) the Company consummates a stock purchase agreement or other
business combination (including, without limitation, a reorganization, recapitalization, or spin-off) with one or more persons
or entities whereby such other persons or entities acquire more than the 50% of the outstanding shares of Common Stock (not including
any shares of Common Stock held by such other persons or entities making or party to, or associated or affiliated with the other
persons or entities making or party to, such stock purchase agreement or other business combination), (E) any “person”
or “group” (as these terms are used for purposes of Sections 13(d) and 14(d) of the 1934 Act) is or shall become the
“beneficial owner” (as defined in Rule 13d-3 under the 1934 Act), directly or indirectly, of 50% of the aggregate Common
Stock of the Company, or (F) the Company effects any reclassification of the Common Stock or any compulsory share exchange
pursuant to which the Common Stock is effectively converted into or exchanged for other securities, cash
or property (in any such case, a " Fundamental  Transaction "), then, upon any subsequent exercise
of this Warrant, the Holder shall have the right to receive, for each Warrant Share that would have been issuable upon such exercise
immediately prior to the occurrence of such Fundamental Transaction, at the option of the Holder, (a) upon exercise of
this Warrant, the number of shares of Common Stock of the successor or acquiring corporation or of the Company, if it
is the surviving corporation, and any additional consideration (the “ Alternate Consideration” ) receivable upon
or as a result of such reorganization, reclassification, merger, consolidation or disposition of assets
by a Holder of the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such event or
(b) if the Company is acquired in (1) a transaction where the consideration paid to the holders of the Common Stock
consists solely of cash, (2) a “Rule 13e-3 transaction” as defined in Rule 13e-3 under the 1934 Act, or (3) a transaction
involving a person or entity not traded on a national securities exchange, the Nasdaq Global Select Market, the Nasdaq Global Market
or the Nasdaq Capital Market, cash equal to the Black-Scholes Value (as defined herein).  For purposes of
any such exercise, the determination of the Purchase Price shall be appropriately adjusted to apply to such Alternate
Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common Stock in
such Fundamental Transaction, and the Company shall apportion the Purchase Price among the Alternate Consideration
in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration.  If
holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction,
then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant
following such Fundamental Transaction.  To the extent necessary to effectuate the foregoing provisions, any
successor to the Company or surviving entity in such Fundamental Transaction shall issue to the Holder a new warrant consistent with
the foregoing provisions and evidencing the Holder's right to exercise such warrant into Alternate
Consideration.  The terms of any agreement pursuant to which a Fundamental Transaction is effected include terms requiring
any such successor or surviving entity to comply with the provisions of this  Section 3.1 and insuring that
this Warrant (or any such replacement security) will be similarly adjusted upon any subsequent transaction analogous to a
Fundamental Transaction.  “ Black-Scholes Value ” shall be determined in accordance with the Black-Scholes
Option Pricing Model obtained from the “OV” function on Bloomberg L.P. using (i) a price per share of Common Stock
equal to the Volume Weighted Average Price of the Common Stock for the Trading Day immediately preceding the date of consummation
of the applicable Fundamental Transaction, (ii) a risk-free interest rate corresponding to the U.S. Treasury rate for a period
equal to the remaining term of this Warrant as of the date of such request and (iii) an expected volatility equal to the 100 day
volatility obtained from the HVT function on Bloomberg L.P. determined as of the Trading Day immediately following the public announcement
of the applicable Fundamental Transaction.

 

    	 

    	 

    

 

3.2.         Continuation
of Terms.  Upon any reorganization, consolidation, merger or transfer (and any dissolution following any transfer) referred
to in this Section 3 hereof, this Warrant shall continue in full force and effect and the terms hereof shall be applicable
to the Other Securities and property receivable on the exercise of this Warrant after the consummation of such reorganization,
consolidation or merger or the effective date of dissolution following any such transfer, as the case may be, and shall be binding
upon the issuer of any Other Securities, including, in the case of any such transfer, the person acquiring all or substantially
all of the properties or assets of the Company, whether or not such person shall have expressly assumed the terms of this Warrant
as provided in Section 4 hereof.

 

3.3          Share
Issuance.  Until the Expiration Date, if the Company shall issue any Common Stock, except for the Excepted Issuances
(as defined in the Subscription Agreement), prior to the complete exercise of this Warrant for a consideration less than the Purchase
Price that would be in effect at the time of such issuance, then, and thereafter successively upon each such issuance, the Purchase
Price shall be reduced to such other lower price for then outstanding Warrants.  For purposes of this adjustment, the
issuance of any security or debt instrument of the Company carrying the right to convert such security or debt instrument into
Common Stock or of any warrant to purchase Common Stock shall result in an adjustment to the Purchase Price upon the issuance
of the of the above-described security, debt instrument, warrant, right, or option if such issuance is at a price lower than the
Purchase Price in effect upon such issuance and again at any time upon any actual, permitted, optional, or allowed issuances of
shares of Common Stock upon any actual, permitted, optional, or allowed exercise of such conversion or purchase rights if such
issuance is at a price lower than the Purchase Price in effect upon any actual, permitted, optional, or allowed such issuance.  Common
Stock issued or issuable by the Company for no consideration will be deemed issuable or to have been issued for $0.0001 per share
of Common Stock.  The reduction of the Purchase Price described in this Section 3.3 is in addition to the other rights
of the Holder described in the Subscription Agreement.  Upon any reduction of the Purchase Price, the number of shares
of Common Stock that the Holder of this Warrant shall thereafter, on the exercise hereof, be entitled to receive shall be adjusted
to a number determined by multiplying the number of shares of Common Stock that would otherwise (but for the provisions of this
Section 3.3 ) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise
(but for the provisions of this Section 3.3 ) be in effect, and (b) the denominator is the Purchase Price in effect on the date
of such exercise.

 

4.           Extraordinary
Events Regarding Common Stock.  In the event that the Company shall (a) issue additional shares of Common Stock
as a dividend or other distribution on outstanding Common Stock, (b) subdivide its outstanding shares of Common Stock, or
(c) combine its outstanding shares of the Common Stock into a smaller number of shares of Common Stock, then, in each such
event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase
Price by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such
event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event, and
the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted
in the same manner upon the happening of any successive event or events described in this Section 4 . The number of shares
of Common Stock that the Holder of this Warrant shall thereafter, on the exercise hereof, be entitled to receive shall be adjusted
to a number determined by multiplying the number of shares of Common Stock that would otherwise (but for the provisions of this
Section 4 ) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise (but
for the provisions of this Section 4 ) be in effect, and (b) the denominator is the Purchase Price in effect on the date of such
exercise.

 

    	 

    	 

    

 

5.           Certificate
as to Adjustments.  In each case of any adjustment or readjustment in the shares of Common Stock (or Other Securities)
issuable on the exercise of the Warrants or in the Purchase Price, the Company at its expense will promptly cause its Chief Financial
Officer or other appropriate designee to compute such adjustment or readjustment in accordance with the terms of the Warrant and
prepare a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment
or readjustment is based, including a statement of (a) the consideration received or receivable by the Company for any additional
shares of Common Stock (or Other Securities) issued or sold or deemed to have been issued or sold, (b) the number of shares
of Common Stock (or Other Securities) outstanding or deemed to be outstanding, and (c) the Purchase Price and the number of
shares of Common Stock to be received upon exercise of this Warrant, in effect immediately prior to such adjustment or readjustment
and as adjusted or readjusted as provided in this Warrant. The Company will forthwith mail a copy of each such certificate to the
Holder of the Warrant and any Warrant Agent (as defined herein) of the Company (appointed pursuant to Section 10 hereof).  Holder
will be entitled to the benefit of the adjustment regardless of the giving of such notice.  The timely giving of such
notice to Holder is a material obligation of the Company.

 

6.           Reservation
of Stock, etc. Issuable on Exercise of Warrant; Financial Statements.   The Company will at all times reserve and
keep available, solely for issuance and delivery on the exercise of the Warrants, all shares of Common Stock (or Other Securities)
from time to time issuable on the exercise of the Warrant.  This Warrant entitles the Holder hereof, upon written request,
to receive copies of all financial and other information distributed or required to be distributed to the holders of the Company's
Common Stock.

 

7.           Assignment;
Exchange of Warrant.  Subject to compliance with applicable securities laws, this Warrant, and the rights evidenced hereby,
may be transferred by any registered holder hereof (a “ Transferor” ). On the surrender for exchange of this
Warrant, with the Transferor's endorsement in the form of Exhibit B attached hereto (the “ Transferor Endorsement
Form” ) and together with an opinion of counsel reasonably satisfactory to the Company that the transfer of this Warrant
will be in compliance with applicable securities laws, the Company will issue and deliver to or on the order of the Transferor
thereof a new Warrant or Warrants of like tenor, in the name of the Transferor and/or the transferee(s) specified in such Transferor
Endorsement Form (each a “ Transferee” ), calling in the aggregate on the face or faces thereof for the number
of shares of Common Stock called for on the face or faces of the Warrant so surrendered by the Transferor.

 

8.           Replacement
of Warrant.  On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation
of this Warrant and, in the case of any such loss, theft or destruction of this Warrant, on delivery of an indemnity agreement
or security reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, on surrender and
cancellation of this Warrant, the Company at its expense, twice only, will execute and deliver, in lieu thereof, a new Warrant
of like tenor.

 

9.           Maximum
Exercise.  The Holder shall not be entitled to exercise this Warrant on an exercise date, in connection with that number
of shares of Common Stock which would be in excess of the sum of (i) the number of shares of Common Stock beneficially owned
by the Holder and its Affiliates on an exercise date, and (ii) the number of shares of Common Stock issuable upon the exercise
of this Warrant with respect to which the determination of this limitation is being made on an exercise date, which would result
in beneficial ownership by the Holder and its Affiliates of more than 4.99% of the outstanding shares of Common Stock on such date.  For
the purposes of the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of
the 1934 Act and Rule 13d-3 thereunder.  Subject to the foregoing, the Holder shall not be limited to aggregate
exercises which would result in the issuance of more than 4.99%.  The restriction described in this paragraph may
be waived, in whole or in part, upon sixty-one (61) days’ prior notice from the Holder to the Company to increase such percentage.  The
Holder may decide whether to convert the Preferred Stock or exercise this Warrant to achieve an actual 4.99% or increase such ownership
position as described above.

 

10.         Warrant
Agent.  The Company may, by written notice to the Holder, appoint an agent (a “Warrant Agent ”) for
the purpose of issuing Common Stock (or Other Securities) on the exercise of this Warrant pursuant to Section 1 hereof, exchanging
this Warrant pursuant to Section 7 hereof, and replacing this Warrant pursuant to Section 8 hereof, or any of the foregoing,
and thereafter any such issuance, exchange or replacement, as the case may be, shall be made at such office by such Warrant Agent.

 

11.         Transfer
on the Company's Books.  Until this Warrant is transferred on the books of the Company, the Company may treat the registered
holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

    	 

    	 

    

 

12.         Registration
Rights.  The Holder has been granted certain registration rights by the Company as set forth in the Subscription Agreement.  The
terms of the Subscription Agreement and such registration rights are incorporated herein by this reference.

 

13.         Notices.   All
notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and,
unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile addressed as set forth below or to such other address as such party shall have specified
most recently by written notice.  Any notice or other communication required or permitted to be given hereunder shall
be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile
machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice
is to be received), or the first business day following such delivery (if delivered other than on a business day during normal
business hours where such notice is to be received), or (b) on the second business day following the date of mailing by express
courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.  The
addresses for such communications shall be:  (i) if to the Company, to GoEnergy, Inc., c/o Kick the Can Corp., 1010 Avenue
of the Americas, Suite 302, New York, NY 10018, Attn: Gareb Shamus, facsimile: (212) 765-5779, with a copy by fax only to (which
shall not constitute notice) Anslow & Jaclin, LLP, 195 Route 9 South, Manalapan, NJ 07726, Attn: Joseph M. Lucosky, Esq., facsimile:
(732) 577-1188, and (ii) if to the Holder, to the address and facsimile number listed on the first paragraph of this Warrant, with
a copy by fax (which shall not constitute notice) only to Grushko & Mittman, P.C., 515 Rockaway Avenue, Valley Stream, New
York 11581, facsimile: (212) 697-3575.

 

14.         Law
Governing This Warrant.  This Warrant shall be governed by and construed in accordance with the laws of the State of
New York without regard to its principles of conflicts of laws or of any other State.  Any action brought by either party
hereto against the other concerning the transactions contemplated by this Warrant shall be brought only in the state courts of
New York or in the federal courts located in the state and county of New York.  The parties to this Warrant hereby irrevocably
waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack
of jurisdiction or venue or based upon forum non conveniens .   The Company and the Holder waive trial by jury.
  The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs.  In
the event that any provision of this Warrant or any other agreement delivered in connection herewith is invalid or unenforceable
under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with, such statute or rule of law.  Any such provision which may prove
invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement.   Each
party hereto hereby irrevocably waives personal service of process and consents to process being served in any suit, action or
proceeding in connection with this Warrant or any other Transaction Document by mailing a copy thereof via registered or certified
mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Warrant
and agrees that such service shall constitute good and sufficient service of process and notice thereof.  Nothing contained
herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

[-Signature Page Follows-]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the Company has executed
this Warrant as of the date first written above.

 

	 	GOENERGY, INC.
	 	 
	 	By: 	 
	 	 	Gareb Shamus
	 	 	President and Chief Executive Officer

 

    	 

    	 

    

 

 

Exhibit A

 

FORM OF SUBSCRIPTION

(to be signed only on exercise of Warrant)

TO:  GOENERGY, INC.

  

The undersigned, pursuant to the provisions
set forth in the attached Warrant (No.____), hereby irrevocably elects to purchase (check applicable box):

 

	_______	_________ shares of the Common Stock covered by such Warrant; or

 

	_______	the maximum number of shares of Common Stock covered by such Warrant pursuant to the cashless exercise procedure set forth in Section 2 of the Warrant.

 

The undersigned herewith makes payment of the
full purchase price for such shares at the price per share provided for in such Warrant, which is $___________.  Such
payment takes the form of (check applicable box or boxes):

 

	_______ 	$________ in lawful money of the United States; and/or

 

	_______	the cancellation of such portion of the attached Warrant as is exercisable for a total of _______ shares of Common Stock (using a Fair Market Value of $_______ per share for purposes of this calculation); and/or

  

	_______	the cancellation of such number of shares of Common Stock as is necessary, in accordance with the formula set forth in Section 2 of the Warrant, to exercise this Warrant with respect to the maximum number of shares of Common Stock purchasable pursuant to the cashless exercise procedure set forth in Section 2.

 

After application of the cashless exercise
feature as described above, _____________ shares of Common Stock are required to be delivered pursuant to the instructions below.

 

The undersigned requests that the certificates for such shares be
issued in the name of, and delivered to __________________________________________, whose address is ___________________________
____________________________________.

 

The undersigned represents and warrants that
all offers and sales by the undersigned of the securities issuable upon exercise of the within Warrant shall be made pursuant to
registration of the Common Stock under the Securities Act of 1933, as amended (the “Securities Act”), or pursuant to
an exemption from registration under the Securities Act.

 

	Dated:___________________	 
	 	
        (Signature must conform to name of holder as

        specified on the face of the Warrant)

	 	 
	 	 
	 	 
	 	(Address)

 

    	 

    	 

    

 

Exhibit B

 

FORM OF TRANSFEROR ENDORSEMENT

(To be signed only on transfer of Warrant)

 

For value received, the
undersigned hereby sells, assigns, and transfers unto the person(s) named below under the heading “Transferees” the
right represented by the within Warrant to purchase the percentage and number of shares of Common Stock of GOENERGY, INC. to which
the within Warrant relates specified under the headings “Percentage Transferred” and “Number Transferred,”
respectively, opposite the name(s) of such person(s) and appoints each such person Attorney to transfer its respective right on
the books of GOENERGY, INC., with full power of substitution in the premises.

 

	Transferees	 	Percentage Transferred	 	Number Transferred
	 	 	 	 	 

  

	Dated:  __________________, _______	 	 
	 	 	(Signature must conform to name of holder as specified on the face of the warrant)
	 	 	 
	Signed in the presence of:	 	 
	 	 	 
	 	 	 
	(Name)	 	 
	 	 	(address)
	 	 	 
	ACCEPTED AND AGREED:	 	 
	[TRANSFEREE]	 	 
	 	 	(address)
	 	 	 
	 	 	 
	(Name)	 	 

 

    	 

    	 

    

 

EXHIBIT C

 

ESCROW AGREEMENT

 

This Agreement is
dated as of the 6th day of December, 2010 among GoEnergy, Inc., a Delaware corporation (the “Company”),
the subscribers listed on Schedule 1 hereto (the “Subscribers”), and Grushko & Mittman, P.C.
(the “Escrow Agent”):

 

WITNESSETH:

 

WHEREAS, the Company and the Subscribers have
entered into a Subscription Agreement calling for the sale by the Company to the Subscribers of Series A Cumulative Convertible
Preferred Stock “the “Preferred Stock”) and Series A Warrants (the “Warrants”) for
an aggregate purchase price of up to $1,500,000; and

 

WHEREAS, the parties hereto require the Company
to deliver the Preferred Stock and Warrants against payment therefor, with such Preferred Stock and the Escrowed Payment to be
delivered to the Escrow Agent, along with the other documents, instruments and payments hereinafter described, to be held in escrow
and released by the Escrow Agent in accordance with the terms and conditions of this Agreement; and

 

WHEREAS, the Escrow Agent is willing to serve
as escrow agent pursuant to the terms and conditions of this Agreement;

 

NOW THEREFORE, the parties agree as follows:

 

ARTICLE I

 

INTERPRETATION

 

1.1.          Definitions.
Capitalized terms used and not otherwise defined herein shall have the meanings given to such terms in the Subscription Agreement
(and the exhibits and schedules thereto) entered into or to be entered into by the Company and the Subscribers in reference to
the sale and purchase of the Preferred Stock and Warrants (the “Subscription Agreement”). Whenever used in this
Agreement, the following terms shall have the following respective meanings:

 

§         “Agreement”
means this Agreement and all amendments made hereto by written agreement of the parties hereto;

 

§         
“Bridge Lenders” shall mean the parties identified on Schedule 13 to the Subscription Agreement;

 

§         
“Bridge Notes” shall have the meaning set forth in Section 13 of the Subscription Agreement;

 

§         
“Company Documents” means, collectively, the Bridge Notes, Legal Opinion, Preferred Stock, Warrants , Subscription
Agreement as signed by the Company, and the Subscriber Legal Fees.

    	40

    	 

    

§         
“Escrowed Payment” means an aggregate cash payment of up to $1,500,000;

 

§         
“Legal Opinion” means the original signed legal opinion referred to in Section 6 of the Subscription Agreement;

 

§         
“Preferred Stock” shall have the meaning set forth in the second recital to the Subscription Agreement;

 

§         
“Principal Amount” shall mean an aggregate of up to $1,500,000;

 

§         
“Subscriber Legal Fees” shall have the meaning set forth in Section 8 of the Subscription Agreement;

 

§         
“Subscription Agreement” means the Subscription Agreement (and the exhibits and schedules thereto) entered into
or to be entered into by the Company and Subscribers in reference to the sale and purchase of the Preferred Stock and Warrants;

 

§          “Warrants”
shall have the meaning set forth in Section 2(b) of the Subscription Agreement;

 

§         Collectively,
the Bridge Notes, Legal Opinion, Preferred Stock, Warrants, and Subscription Agreement signed and executed by all signators thereto
other than the Subscribers, and Subscriber Legal Fees are referred to as “Company Documents”; and

 

§         Collectively,
the Escrowed Payment and the Subscribers executed Subscription Agreement are referred to as “Subscriber Documents.”

 

1.2.          Entire
Agreement. This Agreement along with the Company Documents and the Subscriber Documents to which the Subscriber and the Company
are a party constitute the entire agreement between the parties hereto pertaining to the Company Documents and Subscriber Documents
and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties hereto.
There are no warranties, representations and other agreements made by the parties hereto in connection with the subject matter
hereof, except as specifically set forth in this Agreement, the Company Documents and the Subscriber Documents.

 

1.3.          Extended
Meanings. In this Agreement words importing the singular number include the plural and vice versa; words importing the masculine
gender include the feminine and neuter genders. The word “person” includes an individual, body corporate, partnership,
trustee or trust or unincorporated association, executor, administrator or legal representative.

 

1.4.          Waivers
and Amendments. This Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms and conditions
hereof may be waived, only by a written instrument signed by all parties, or, in the case of a waiver, by the party waiving compliance.
Except as expressly stated herein, no delay on the part of any party hereto in exercising any right, power or privilege hereunder
shall operate as a waiver thereof, nor shall any waiver on the part of any party hereto of any right, power or privilege hereunder
preclude any other or future exercise of any other right, power or privilege hereunder.

 

    	 

    	 

    

 

                1.5.          Headings. The division of this Agreement
into articles, sections, subsections and paragraphs, and the insertion of headings are for convenience of reference only and shall
not affect the construction or interpretation of this Agreement.

                1.6.          Law Governing this Agreement. This Agreement
shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts of laws principles
that would result in the application of the substantive laws of another jurisdiction. Any action brought by any party hereto against
the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York or in
the federal courts located in the state and county of New York. The parties hereto and the individuals executing this Agreement
and other agreements on behalf of the Company agree to submit to the jurisdiction of such courts and waive trial by jury. The prevailing
party (which shall be the party which receives an award most closely resembling the remedy or action sought) shall be entitled
to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of this Agreement
or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law,
then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform
with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the
validity or enforceability of any other provision of any agreement.

                1.7.          Specific Enforcement, Consent to Jurisdiction.
The Company and the Subscribers acknowledge and agree that irreparable damage would occur in the event that any of the provisions
of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed
that the parties hereto shall be entitled to an injuction or injunctions to prevent or cure breaches of the provisions of this
Agreement and to enforce specifically the terms and provisions hereof or thereof, this being in addition to any other remedy to
which any of them may be entitled by law or equity. Subject to Section 1.6 hereof, each of the Company and the Subscribers hereby
waives, and agrees not to assert in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction
of such court, that the suit, action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or
proceeding is improper. Nothing in this Section shall affect or limit any right to serve process in any other manner permitted
by law.

ARTICLE II

DELIVERIES TO THE ESCROW AGENT

                2.1.          Company Deliveries. On or before the Closing
Date, the Company shall execute and deliver the Company Documents to the Escrow Agent.

2.2.          Subscriber Deliveries.
On or before the Closing Date, the Subscribers shall execute and deliver the Subscription Agreements, and shall deliver the Escrowed
Payment in cash, to the Escrow Agent, and the Bridge Lenders shall deliver the Bridge Notes to the Escrow Agent. The Escrowed Payment
will be delivered pursuant to the following wire transfer instructions:

 

	 	Citibank, N.A.
	 	1155 6th Avenue
	 	New York, NY 10036
	 	ABA Number: 0210-00089
	 	For Credit to: Grushko & Mittman, IOLA Trust Account
	 	Account Number: 45208884

 

    	3

    	 

    

                2.3.          Intention to Create Escrow Over Company Documents
and Subscriber Documents. The Subscribers and Company intend that the Company Documents and Subscriber Documents shall be held
in escrow by the Escrow Agent pursuant to this Agreement for their respective benefit as set forth herein.

                2.4.          Escrow Agent to Deliver Company Documents
and Subscriber Documents. The Escrow Agent shall hold and release the Company Documents and Subscriber Documents only in accordance
with the terms and conditions of this Agreement.

ARTICLE III

RELEASE OF COMPANY DOCUMENTS AND SUBSCRIBER
DOCUMENTS

                 3.1.       Release of Escrow. Subject to the provisions
of Section 4.2 hereof, the Escrow Agent shall release the Company Documents and Subscriber Documents as follows:

                               (a)          On
the Closing Date, the Escrow Agent will simultaneously release the Company Documents to the Subscribers and release the Subscriber
Documents to the Company, except that Subscriber Legal Fees will be released directly to the Subscriber’s attorneys and
the Bridge Notes will be released to the Company.

                               (b)          Notwithstanding the
above, upon receipt by the Escrow Agent of joint written instructions (“Joint Instructions”) signed by the
Company and the Subscribers, it shall deliver the Company Documents and Subscriber Documents in accordance with the terms of the
Joint Instructions.

                               (c)          Anything herein to the contrary notwithstanding,
upon receipt by the Escrow Agent of a final and non-appealable judgment, order, decree or award of a court of competent jurisdiction
(a “Court Order”), the Escrow Agent shall deliver the Company Documents and Subscriber Documents in accordance
with the Court Order. Any Court Order shall be accompanied by an opinion of counsel for the party presenting the Court Order to
the Escrow Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect that the court issuing the Court Order
has competent jurisdiction and that the Court Order is final and non-appealable.

                 3.2.       Closings may take place on or before December
20, 2010. After December 20, 2010, the Escrow Agent will promptly return the applicable Company Documents to the Company and return
the Subscriber Documents to the Subscriber, except that the Bridge Notes will be returned to the Bridge Lenders.

 

                 3.3.       Acknowledgement of Company and Subscriber; Disputes.
The Company and the Subscribers acknowledge that the only terms and conditions upon which the Company Documents and Subscriber
Documents are to be released are set forth in Sections 3 and 4 of this Agreement. The Company and the Subscribers reaffirm their
agreement to abide by the terms and conditions of this Agreement with respect to the release of the Company Documents and Subscriber
Documents. Any dispute with respect to the release of the Company Documents and Subscriber Documents shall be resolved pursuant
to Section 4.2 hereof or by agreement between the Company and Subscribers.

 

ARTICLE IV

CONCERNING THE ESCROW AGENT

 

                4.1.        Duties and Responsibilities of the Escrow Agent.
The Escrow Agent’s duties and responsibilities shall be subject to the following terms and conditions:

 

    	4

    	 

    

 

                               (a)          The Subscribers and the Company acknowledge and agree
that the Escrow Agent (i) shall not be responsible for or bound by, and shall not be required to inquire into whether either the
Subscribers or Company is entitled to receipt of the Company Documents and Subscriber Documents, respectively, pursuant to any
other agreement or otherwise; (ii) shall be obligated only for the performance of such duties as are specifically assumed by the
Escrow Agent pursuant to this Agreement; (iii) may rely on and shall be protected in acting or refraining from acting upon any
written notice, instruction, instrument, statement, request or document furnished to it hereunder and believed by the Escrow Agent
in good faith to be genuine and to have been signed or presented by the proper person or party, without being required to determine
the authenticity or correctness of any fact stated therein or the propriety or validity or the service thereof; (iv) may assume
that any person believed by the Escrow Agent in good faith to be authorized to give notice or make any statement or execute any
document in connection with the provisions hereof is so authorized; (v) shall not be under any duty to give the property held
by Escrow Agent hereunder any greater degree of care than Escrow Agent gives its own similar property; and (vi) may consult counsel
satisfactory to Escrow Agent, the opinion of such counsel to be full and complete authorization and protection in respect of any
action taken, suffered or omitted by Escrow Agent hereunder in good faith and in accordance with the opinion of such counsel.

(b)          The Subscribers and Company acknowledge
that the Escrow Agent is acting solely as a stakeholder at their request and that the Escrow Agent shall not be liable for any
action taken by Escrow Agent in good faith and believed by Escrow Agent to be authorized or within the rights or powers conferred
upon Escrow Agent by this Agreement. The Subscribers and Company, jointly and severally, agree to indemnify and hold harmless the
Escrow Agent and any of Escrow Agent’s partners, employees, agents and representatives for any action taken or omitted to
be taken by Escrow Agent or any of them hereunder, including the reasonable fees of outside counsel and other costs and expenses
of defending itself against any claim or liability under this Agreement, except in the case of gross negligence or willful misconduct
on Escrow Agent’s part committed in its capacity as Escrow Agent under this Agreement. The Escrow Agent shall owe a duty
only to the Subscribers and Company under this Agreement and to no other person.

                                (c)          The Subscribers and the Company jointly and severally
agree to reimburse the Escrow Agent for reasonable outside counsel fees, to the extent authorized hereunder and incurred in connection
with the performance of its duties and responsibilities hereunder.

                                (d)          The Escrow Agent may at any time resign as Escrow
Agent hereunder by giving five (5) days’ prior written notice of resignation to the Subscribers and the Company. Prior to
the effective date of the resignation as specified in such notice, the Subscribers and the Company will issue to the Escrow Agent
a Joint Instruction authorizing delivery of the Company Documents and Subscriber Documents to a substitute Escrow Agent selected
by the Subscribers and the Company. If no successor Escrow Agent is named by the Subscribers and the Company, the Escrow Agent
may apply to a court of competent jurisdiction in the State of New York for appointment of a successor Escrow Agent, and to deposit
the Company Documents and Subscriber Documents with the clerk of any such court.

                                (e)          Other than in connection with the Subscriber Legal
Fees, the Escrow Agent does not have and will not have any interest in the Company Documents and Subscriber Documents, but is serving
only as escrow agent, having only possession thereof. The Escrow Agent shall not be liable for any loss resulting from the making
or retention of any investment in accordance with this Escrow Agreement.

                                (f)           This Agreement sets forth exclusively the duties
of the Escrow Agent with respect to any and all matters pertinent thereto and no implied duties or obligations shall be read into
this Agreement.

                                (g)          The Escrow Agent shall be permitted to act as
counsel for the Subscribers in any dispute as to the disposition of the Company Documents and Subscriber Documents, in any other
dispute between the Subscribers and the Company, whether or not the Escrow Agent is then holding the Company Documents and Subscriber
Documents and continues to act as the Escrow Agent hereunder.

 

    	5

    	 

    

                                (h)          The provisions of this Section 4.1 shall survive
the resignation of the Escrow Agent or the termination of this Agreement.

                4.2.          Dispute
Resolution; Judgments. Resolution of disputes arising under this Agreement shall be subject to the following terms and
conditions:

                                (a)          If any dispute shall arise with respect to the
delivery, ownership, right of possession or disposition of the Company Documents and Subscriber Documents, or if the Escrow Agent
shall in good faith be uncertain as to its duties or rights hereunder, the Escrow Agent shall be authorized, without liability
to anyone, to (i) refrain from taking any action other than to continue to hold the Company Documents and Subscriber Documents
pending receipt of a Joint Instruction from the Subscribers and the Company, or (ii) deposit the Company Documents and Subscriber
Documents with any court of competent jurisdiction in the State of New York, in which event the Escrow Agent shall give written
notice thereof to the Subscribers and the Company and shall thereupon be relieved and discharged from all further obligations pursuant
to this Agreement. The Escrow Agent may, but shall be under no duty to, institute or defend any legal proceedings which relate
to the Company Documents and Subscriber Documents. The Escrow Agent shall have the right to retain counsel if it becomes involved
in any disagreement, dispute or litigation on account of this Agreement or otherwise determines that it is necessary to consult
counsel.

                                (b)          The Escrow Agent is hereby expressly authorized
to comply with and obey any Court Order. In case the Escrow Agent obeys or complies with a Court Order, the Escrow Agent shall
not be liable to the Subscribers and the “Company or to any other person, firm, corporation or entity by reason of such compliance.

ARTICLE V

GENERAL MATTERS

                5.1.          Termination. This escrow shall terminate
upon the release of all of the Company Documents and Subscriber Documents or at any time upon the agreement in writing of the Subscribers
and Company.

                5.2.          Notices. All notices, demands, requests,
consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified
herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage
prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram,
or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written
notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery
or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number
designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first
business day following such delivery (if delivered other than on a business day during normal business hours where such notice
is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed
to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall
be:

 

    	6

    	 

    

 

(a)         If to the Company, to:

 

GoEnergy Inc.

c/o Kick the Can Corp.

1010 Avenue of the Americas, Suite 302

New York, NY 10018

Attn: Gareb Shamus

Fax: (212) 765-5779

 

With a copy by fax only to (which shall not constitute
notice):

 

Anslow & Jaclin, LLP

195 Route 9 South

Manalapan, NJ 07726

Attn: Joseph M. Lucosky, Esq.

Fax: (732) 577-1188

 

(b)          If to the Subscribers, to the addresses set forth on Schedule
1 hereto

 

With a copy by facsimile
only to (which shall not constitute notice):

Grushko & Mittman, P.C.

515 Rockaway Avenue

Valley Stream, New York 11581

Fax: (212) 697-3575 

	(c)	If to the Escrow Agent, to:

Grushko & Mittman, P.C.

515 Rockaway Avenue

Valley Stream, New York 11581

Fax: (212) 697-3575

or to such other address as any of them shall give to the
others by notice made pursuant to this Section 5.2.

                5.3.          Interest. The
Escrowed Payment shall not be held in an interest bearing account nor will interest be payable in connection therewith. In the
event the Escrowed Payment is deposited in an interest bearing account, the Subscribers shall be entitled to receive any accrued
interest thereon, but only if the Escrow Agent receives from the Subscriber the Subscribers’ United States taxpayer identification
number and other requested information and forms.

 

    	7

    	 

    

                5.4.          Assignment; Binding Agreement. Neither
this Agreement nor any right or obligation hereunder shall be assignable by any party without the prior written consent of the
other parties hereto. This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective
legal representatives, successors and assigns.

                5.5.          Invalidity. In the event that any one
or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal, or unenforceable
in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be in any way impaired thereby, it being intended that all of the rights and privileges
of the parties hereto shall be enforceable to the fullest extent permitted by law.

               5.6.          Counterparts/Execution. This Agreement
may be executed in any number of counterparts and by different signatories hereto on separate counterparts, each of which, when
so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument. This Agreement
may be executed by facsimile transmission and delivered by facsimile transmission.

5.7.          Agreement. Each of the
undersigned states that he has read the foregoing Escrow Agreement and understands and agrees to it.

    	8

    	 

    

IN WITNESS WHEREOF, the undersigned
have executed and delivered this Escrow Agreement, as of the date first written above.

 

	 	THE “COMPANY”	 
	 	GOENERGY, INC.,	 
	 	a Delaware corporation	 
	 	 	 
	 	By:	 	 
	 	 	 
	 	ESCROW AGENT:	 
	 	GRUSHKO & MITTMAN, P.C.	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 

 

SUBSCRIBERS:

 

	ALPHA CAPITAL ANSTALT	 	MOMONA CAPITAL LLC
	 	 	 
	By:	 	 	By:	 
	 	Name:	 	 	Name:
	 	Title:	 	 	Title:

 

	BRISTOL INVESTMENT FUND, LTD.	 	CANYONS TRUST
	 	 	 
	By:	 	 	By:	 
	 	Name:	 	 	Name:
	 	Title:	 	 	Title:

 

	 	 	 
	 	 	 
	By:	 	 	By:	 
	 	Name:	 	 	Name:
	 	Title:	 	 	Title:

 

    	9

    	 

    

 

SCHEDULE 1 - (SUBSCRIBERS)

 

	SUBSCRIBER AND ADDRESS	 	
        PURCHASE

         PRICE
	 	
        PREFERRED

        STOCK
	 	WARRANTS
	
        ALPHA CAPITAL ANSTALT

        Pradafant 7

        9490 Furstentums

        Vaduz, Lichtenstein

        Fax No.: 011-42-32323196
	 	$300,000.00	 	3,000	 	150,000
	
        MOMONA CAPITAL LLC

        150 Central Park South, 2nd Floor

        New York, NY 10019

        Fax: (212) 586-8244
	 	$25,000.00	 	250	 	12,500
	
        BRISTOL INVESTMENT FUND, LTD.

        c/o Bristol Capital Advisors, LLC

        6353 W. Sunset Blvd., Suite 4006

        Hollywood, CA 90028

        Attn: Amy Wang, Esq.

        Fax: (323) 960-3805
	 	
        $250,000.00

        (Bristol Investment Fund, Ltd. is surrendering a Bridge Note in
        the principal amount of $50,000.)
	 	2,5036	 	125,000
	
        CANYONS TRUST

        c/o Bristol Capital Advisors, LLC

        6353 W. Sunset Blvd., Suite 4006

        Hollywood, CA 90028

        Attn: Amy Wang, Esq.

        Fax: (323) 960-3805
	 	$100,000.00	 	1,000	 	50,000
	
        DPIT 2, LLC

        8 Hop Brook Lane

        Holmdel, NJ 07733

        Attn: Sam DelPresto
	 	
        $100,622.00

        (DPIT 2, LLC is surrendering a Bridge Note in the principal amount
        of $100,000.)
	 	1,006	 	50,311
	
        GLOBAL CAPITAL PARNTERS, LLC

        P.O. Box 6560

        Pahrum, Nevada 89041-6560

        Fax: (604) 987-7653
	 	
        $25,150.00

        (Global Capital Partners LLC is surrendering a Bridge Note in the
        principal amount of $25,000.)
	 	252	 	12,575
	
        CHARLES MALETTE

        1550 West 35th Avenue

        Vancouver, V6NNH2

        Fax: (604) 643-7498
	 	
        $25,156.00

        (Charles Malette is surrendering a Bridge Note in the principal
        amount of $25,000.)
	 	252	 	12,578
	
        GUARDIAN TRUST COMPANY LTD. AS TRUSTEE OF THE BRULEE TRUST

        c/o Guardian Trust Company Ltd.

        15 Boulevard Helvetidale, 1207 Geneva

        Switzerland

        Fax: 011-41-22-718-7201
	 	$50,000.00	 	500	 	25,000
	
        AMPERSAND MANAGEMENT SA

        AS TRUSTEE OF THE MUNT TRUST

        20 Rue Etienne Dumont

        P.O. Box 3313, 1204 Geneva 3

        Switzerland

        Fax: 011-41-22-321-3526
	 	$100,000.00	 	1,000	 	50,000
	TOTALS	 	$975,928.00	 	9760	 	487,964

 

 

6 Bristol
is getting a second stock certificate for 3 shares to account for the interest that accrued on the $50,000 bridge note. 

    	10

    	 

    

 

EXHIBIT D

 

SHARE PURCHASE AND SHARE EXCHANGE AGREEMENT

 

by and among

 

GoEnergy, Inc.,

a Delaware corporation

 

and

 

Strato Malamas,

As the Majority Stockholder of GoEnergy, Inc.

 

and

 

Kick the Can Corp.,

a Nevada corporation

 

and

 

Kicking the Can, LLC,

a Delaware limited liability company,

as the Majority Shareholder of Kick the Can
Corp.

 

and

 

Certain Shareholders of Kick the Can Corp,

who are signatories hereto,

 

Dated as of November 5, 2010

 

    	1

    	 

    

 

SHARE PURCHASE AND SHARE EXCHANGE AGREEMENT

 

This SHARE PURCHASE AND SHARE EXCHANGE AGREEMENT (the “
Agreement ”) is entered into as of this 5th day of November, 2010 by and among GoEnergy, Inc., a Delaware corporation
with an address at #2129-4951 Netarts Highway West, Tillamook, OR 97141-9467 (“ GoEnergy ”), Strato Malamas,
an individual with an address c/o GoEnergy, Inc., #2129-4951 Netarts Highway West, Tillamook, OR 97141-9467 and the majority stockholder
of GoEnergy (the “ GoEnergy Majority Stockholder ”), Kick the Can Corp., a Nevada corporation with an address
at 1010 Avenue of the Americas, Suite 302, New York, NY  10018 (“ KTC Corp. ”), Kicking the Can, L.L.C.,
a Delaware limited liability company with an address c/o Wizard Entertainment, 1010 Avenue of the Americas, Suite 302, New York,
NY  10018 and the majority shareholder of KTC Corp. (the “ KTC Majority Shareholder ”), and certain shareholders
of KTC Corp. that are signatories hereto (collectively, the “ KTC Signatories ” and, together with the KTC Majority
Shareholder, the “ KTC Shareholders ”). KTC Corp., the KTC Majority Shareholder and the KTC Signatories are
hereinafter referred to collectively as the “ KTC Parties ” and are each, a “ KTC Party ”.
 Each of GoEnergy, the GoEnergy Majority Stockholder, KTC Corp., the KTC Majority Shareholder, and the KTC Signatories is
a “ Party ” and are together, the “ Parties. ”

 

WHEREAS, GoEnergy’s common stock is publicly quoted
on the Over-the-Counter Bulletin Board; and

 

WHEREAS, the KTC Parties believe that it is in their respective
best interests for them  to exchange (the “ Exchange ”) all of their respective shares of common stock,
$.0001 par value per share, of KTC Corp. (the “ KTC Shares ”) for newly-issued shares of common stock of GoEnergy
(the “ Exchange Shares ”); and

 

WHEREAS, GoEnergy believes it is in its best interests of
its stockholders to acquire all of the KTC Shares, which constitute 100% of the issued and outstanding shares of common stock,
par value $.0001 per share, of KTC Corp. (the “ KTC Corp. Shares ”), in exchange for the issuance of the Exchange
Shares, all upon the terms and subject to the conditions set forth in this Agreement; and

 

WHEREAS, it is the intention of the Parties that the Exchange
qualify as a: (i) tax-free organization under Section 368(a)(1)(B) of the United States Internal Revenue Code of 1986, as amended;
and (ii) transaction in securities exempt from registration or qualification under the Securities Act of 1933, as amended (the
“ Securities Act ”).

 

NOW THEREFORE, on the stated premises and for and in consideration
of the mutual covenants and agreements hereinafter set forth and the mutual benefits to the Parties to be derived herefrom, and
intending to be legally bound hereby, the Parties hereby agree as follows:

 

ARTICLE I

 

SHARE EXCHANGE

 

Section 1.01

Incorporation of Recitals.
The recitals set forth hereinabove are hereby incorporated herein by this reference with the same force and effect as if fully
hereinafter set forth.

    	2

    	 

    

 

Section 1.02

The Exchange.

(a)

On the terms and subject to the conditions set forth in this Agreement,
on the date (the “ Closing Date ”) of the consummation of the transactions contemplated hereby (the “
Closing ”), each KTC Shareholder shall assign, transfer and deliver, free and clear of all Liens (as defined herein),
all of its KTC Shares as set forth in  Schedule I attached hereto (the “ Exchange Schedule ”) in exchange
for the number of Exchange Shares, which shall be free and clear of any and all Liens, set forth opposite such KTC Shareholder’s
name in the Exchange Schedule. 

 

(b)

As the result of the Exchange, (i) GoEnergy shall acquire 100% of
the issued and outstanding KTC Corp. Shares and KTC Corp. shall become a wholly owned subsidiary of GoEnergy and  (ii) the
KTC Shareholders shall have received an aggregate of 33,430,107 shares of common stock, par value $0.001 per share, of GoEnergy
(the “ GoEnergy Common Shares ”), which shall constitute 95.51% of the total shares GoEnergy Common Shares issued
and outstanding on a fully diluted basis on the Closing Date.  

 

Section 1.03

The Closing.

 

(a)

The Closing shall take place at 12:00 p.m. (New York City time)
at the offices of Anslow & Jaclin, LLP, 195 Route 9 South, Suite 204, Manalapan, New Jersey, on the earlier of (i) the date
that is ten (10) business days after the execution of this Agreement and (ii) the date on which all of the conditions precedent
set forth in  Articles V ,  VI and  VII hereof are satisfied or waived (other than conditions that by their
nature are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions), unless another time,
place or date, or any or all, are agreed to in writing by the Parties.

 

(b)

On the Closing Date, the KTC Shareholders shall surrender their
stock certificates representing their respective KTC Shares to GoEnergy, or its registrar or transfer agent, and be entitled to
receive a certificate or certificates evidencing such KTC Shareholder’s Exchange Shares.

 

(c)

Upon the Closing, there shall be 35,000,000 GoEnergy Common Shares
issued and outstanding.

 

Section 1.04

Cancellation of Certain Shares of GoEnergy
Majority Shareholder’s GoEnergy Common Stock.  Prior to the Closing Date, the GoEnergy Majority Stockholder shall
surrender for cancellation, and GoEnergy shall cancel, 2,750,000 GoEnergy Common Shares of the GoEnergy Majority Stockholder, which
shall constitute 100% of the GoEnergy Majority Stockholder’s interests in GoEnergy.

 

    	3

    	 

    

 

Section 1.05

Termination. This Agreement may be terminated
by the board of directors of KTC Corp. (the “ KTC Board ”) or the board of directors of GoEnergy (the “
GoEnergy Board ”) only in the event that GoEnergy or KTC Corp., as applicable, does not meet their respective conditions
precedent set forth in  Articles V ,  VI and  VII hereof, respectively.  If this Agreement is terminated
pursuant to this Section 1.05, this Agreement shall be of no further force or effect, and no obligation, right, or liability shall
arise hereunder for any Party, except as expressly provided herein.

 

ARTICLE II

 

REPRESENTATIONS, COVENANTS
AND WARRANTIES OF KTC CORP.

 

KTC Corp. represents and warrants to GoEnergy that, as of the date
hereof and the Closing Date (with the same force and effect as if such representations and warranties were made at and as of the
Closing Date), except for changes therein permitted by this Agreement and those representations and warranties that speak of a
different date,:

 

Section 2.01

Incorporation; Authorization; Enforceability.

(a)

KTC Corp. is duly incorporated, validly existing and in good standing
under the laws of Nevada.  KTC Corp. has the power and authority to carry on its business as it is now being conducted;

 

(b)

The execution and delivery of this Agreement does not, and the consummation
of the transactions contemplated hereby will not, violate any provision of the Articles of Incorporation of KTC Corp.  KTC
Corp. has full power and authority to enter into this Agreement and consummate the transactions contemplated hereby; and

 

(c)

When fully executed by all  Parties, this Agreement constitutes
the valid and binding obligation of KTC Corp., enforceable in accordance with its terms, except as may be limited by bankruptcy,
insolvency, moratorium or other similar laws affecting the enforcement of creditors’ rights generally, or principles of equity.

 

Section 2.02

Authorized Shares.  The number
of shares of common stock that KTC Corp. is authorized to issue is 60,000,000 shares.  There are 16,000,000 shares currently
issued and outstanding.  The issued and outstanding shares are validly issued, fully paid and non-assessable.

 

Section 2.03

Options or Warrants.  There are
no existing options, warrants, calls or commitments of any character relating to any authorized but unissued KTC Corp. Shares.

 

    	4

    	 

    

 

Section 2.04

No Dividends, Options or Warrants.  KTC
Corp. has not (i) declared or made, or agreed to declare or make, any payment of dividends or distributions of assets to its shareholders
or purchased or redeemed, or agreed to purchase or redeem, any of its shares or (ii) granted, or agreed to grant, any options,
warrants, or other rights for its stocks, bonds or other corporate securities calling for the issuance thereof, except in connection
of this Agreement.

 

Section 2.05

Litigation and Proceedings.  There
are no material actions, suits, proceedings or investigations pending against KTC Corp. before any court or other governmental
agency or instrumentality.  

 

Section 2.06

No Conflicts.  The execution, delivery
and performance of this Agreement by KTC Corp. will not: (i) require the consent of any third party or governmental entity under
any laws; (ii) violate any laws applicable to KTC Corp. or its capital stock; or (iii) violate or breach any contractual obligation
to which KTC Corp. is a party or its capital stock is bound.

 

Section 2.07

Compliance with Laws and Regulations.
 To its knowledge, KTC Corp. has complied with all applicable statutes and regulations, except to the extent that noncompliance
would not materially and adversely affect the business, operations, properties, assets or condition of KTC Corp., and except to
the extent that noncompliance would not result in the occurrence of any material liability for KTC Corp.

 

ARTICLE III

 

REPRESENTATIONS AND WARRANTIES OF

THE KTC SHAREHOLDERS

 

Except as set forth in the disclosure schedules
to this Article III that are attached hereto (the “ KTC Shareholder Schedules ”), which exceptions shall be
deemed to be part of the representations and warranties made hereunder, the KTC Shareholders, severally but not jointly, represent
and warrant to GoEnergy that, as of the date hereof and the Closing Date (with the same force and effect as if such representations
and warranties were made at and as of the Closing Date), except for changes therein permitted by this Agreement and those representations
and warranties that speak of a different date,:

 

Section 3.01

Good Title.  Such KTC Shareholder
is the record and beneficial owner, and has good title to, its KTC Corp. Shares, with the full right and authority to sell and
deliver such KTC Corp. Shares, free and clear of any and all Liens, to GoEnergy pursuant to the Exchange.  GoEnergy, as the
new owner of such KTC Corp. Shares, will receive good title to such KTC Corp. Shares, free and clear of all Liens.

 

Section 3.02

Due Formation; Power and Authority.
 (a)  Such KTC Shareholder is duly formed, validly existing and in good standing under the laws of the State of its formation.
 Such KTC Shareholder has the power and authority to carry on its business as it is now being conducted.

 

    	5

    	 

    

 

(b)

Such KTC Shareholder, (i) if a Person (as defined
herein) other than an individual, has the full legal company power and authority and (ii) if an individual, is of majority age
and has the legal capacity, to execute and deliver this Agreement and consummate the transactions contemplated hereby, and to perform
its obligations under this Agreement.  This Agreement constitutes a legal, valid, and binding obligation of such KTC Shareholder,
enforceable against such KTC Shareholder in accordance with its terms, except as may be limited by bankruptcy, insolvency, moratorium
or other similar laws affecting the enforcement of creditors’ rights generally, or principles of equity.

 

Section 3.03

No Conflicts.  The execution and
delivery of this Agreement by such KTC Shareholder and the performance by such KTC Shareholder of its obligations hereunder in
accordance with the terms hereof: (i) will not require the consent of any third party or governmental entity under any laws; (ii)
will not violate any laws applicable to such KTC Shareholder or its KTC Corp. Shares; and (iii) will not violate or breach any
contractual obligation to which such KTC Shareholder is a party or under which its KTC Corp. Shares are bound.

 

Section 3.04

Acquisition of Exchange Shares for Investment.
   

 

(a)

Purchase Entirely for Own Account.  The
Exchange Shares proposed to be acquired by such KTC Shareholder hereunder will be acquired for investment for its own account and
not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and such KTC

 

    	6

    	 

    

 

Shareholder has no present intention of selling,
granting any participation in or otherwise distributing the Exchange Shares, except in compliance with applicable securities laws.
 Such KTC Shareholder further represents that it does not have any contract, undertaking, agreement or arrangement with any
Person (as defined herein) to sell, transfer or grant participation to such Person with respect to any of the Exchange Shares.

 

(b)

Such KTC Shareholder (i) can bear the economic
risk of its investment and (ii) possesses such knowledge and experience in financial and business matters that it is capable of
evaluating the merits and risks of its investment in GoEnergy and its securities;

 

(c)

Such KTC Shareholder understands that the Exchange
Shares are not registered under the Securities Act and that the issuance hereof to such KTC Shareholder is intended to be exempt
from registration under the Securities Act pursuant to Regulation D promulgated thereunder (“ Regulation D ”).
 Such KTC Shareholder is an “accredited investor,” as such term is defined in Rule 501 of Regulation D or, if
not an accredited investor, otherwise meets the suitability requirements of Regulation D and Section 4(2) of the Securities Act
(“ Section 4(2) ”).   Such KTC Shareholder agrees to provide documentation to GoEnergy prior to
the Closing as may be requested by GoEnergy to confirm compliance with Regulation D and/or Section 4(2), including, without limitation,
a letter of investment intent or similar representation letter and a completed investor questionnaire.   Each certificate
representing the Exchange Shares issued to such KTC Shareholder shall be endorsed with the following legends, in addition to any
other legend required to be placed thereon by applicable Securities Laws (as defined herein):

 

“THIS SECURITY HAS BEEN ACQUIRED FOR
INVESTMENT AND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“SECURITIES ACT”), OR APPLICABLE
STATE SECURITIES OR “BLUE SKY” LAWS.”

 

“TRANSFER OF THESE SECURITIES IS PROHIBITED
UNLESS A REGISTRATION STATEMENT UNDER THE SECURITIES ACT WITH RESPECT TO SUCH SECURITY SHALL THEN BE IN EFFECT AND SUCH TRANSFER
HAS BEEN QUALIFIED UNDER ALL APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS, OR AN EXEMPTION THEREFROM SHALL BE AVAILABLE
UNDER THE ACT AND SUCH LAWS.”;

 

(d)

Such KTC Shareholder acknowledges that neither
the Securities and Exchange Commission (the “ SEC ”), nor the securities regulatory body of any state or other
jurisdiction, has received, considered or passed upon the accuracy or adequacy of the information and representations made in this
Agreement;

 

(e)

Such KTC Shareholder acknowledges that it
has carefully reviewed such information as it has deemed necessary to evaluate an investment in GoEnergy and its securities and
that all information required to be disclosed to it under Regulation D has been furnished to it by GoEnergy.  To the full
satisfaction of such KTC Shareholder, it has been furnished all materials that it has requested relating to GoEnergy and the issuance
of the Exchange Shares hereunder, and has been afforded the opportunity to ask questions of GoEnergy’s representatives to
obtain any information necessary to verify the accuracy of any representations or information made or given to such KTC Shareholder.
 Notwithstanding the foregoing, nothing herein shall derogate from or otherwise modify the representations and warranties
of GoEnergy set forth in this Agreement, on which such KTC Shareholder has relied in making an exchange of its KTC Corp. Shares
for the Exchange Shares; and

 

    	7

    	 

    

 

(f)

Such KTC Shareholder understands that the Exchange
Shares may not be sold, transferred, or otherwise disposed of without registration under the Securities Act or an exemption therefrom,
and that in the absence of an effective registration statement covering the Exchange Shares or any available exemption from registration
under the Securities Act, the Exchange Shares may have to be held indefinitely.  Such KTC Shareholder further acknowledges
that the Exchange Shares may not be sold pursuant to Rule 144 promulgated under the Securities Act unless all of the conditions
of Rule 144 are satisfied, including, without limitation, GoEnergy’s compliance with the reporting requirements under the
Exchange Act.

 

Section 3.05

Additional Legend; Consent.  Additionally,
the Exchange Shares will bear any legend required by the “blue sky” laws of any state to the extent such laws are applicable
to the securities represented by the certificate so legended. Such KTC Shareholder consents to GoEnergy making a notation on its
records or giving instructions to any transfer agent of the Exchange Shares in order to implement the restrictions on transfer
of the Exchange Shares.

 

ARTICLE IV

 

REPRESENTATIONS, COVENANTS
AND WARRANTIES OF GOENERGY AND MAJORITY STOCKHOLDER OF GOENERGY

 

Except as set forth in the disclosure schedules to this Article
IV that are attached hereto (the “ GoEnergy Schedules ”), which exceptions shall be deemed to be part of the
representations and warranties made hereunder, each of GoEnergy and the GoEnergy Majority Shareholder, jointly and severally, represent
and warrant to each KTC Party that, as of the date hereof and the Closing Date (with the same force and effect as if such representations
and warranties were made at and as of the Closing Date), except for changes therein permitted by this Agreement and those representations
and warranties that speak of a different date,:

 

Section 4.01

Organization; Authority.

 

(a)

GoEnergy is a corporation duly incorporated, validly existing and
in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own, lease and
operate its properties and to carry on its business as now conducted and as currently proposed to be conducted.  GoEnergy
is duly qualified or authorized to do business and is in good standing under the laws of each jurisdiction in which it owns or
leases real property and each other jurisdiction in which the conduct of its business or the ownership of its properties requires
such qualification or authorization.

 

    	8

    	 

    

 

 GoEnergy has delivered to KTC Corp. true, complete and correct
copies of its certificate of incorporation and bylaws, and any amendments thereto or restatements thereof, as in effect on the
date hereof;

 

(b)

The execution and delivery of this Agreement does not, and the consummation
of the transactions contemplated hereby will not, violate any provision of the certificate of incorporation or bylaws of GoEnergy.
 GoEnergy has full power and authority to enter into this Agreement and consummate the transactions contemplated hereby; and

 

(c)

This Agreement constitutes the valid and binding obligation of GoEnergy,
enforceable in accordance with its terms, except as may be limited by bankruptcy, insolvency, moratorium or other similar laws
affecting the enforcement of creditors’ rights generally, or principles of equity.

 

Section 4.02

Capitalization.

 

(a)

GoEnergy’s authorized capital stock consists solely of 80,000,000
GoEnergy Common Shares, and 20,000,000 shares of blank check preferred stock, par value $0.0001 per share (“ Preferred
Stock ”).  An aggregate of 4,319,893 GoEnergy Common Shares are issued and outstanding and no shares of Preferred
Stock are issued and outstanding.  Except for the GoEnergy Common Shares and Preferred Stock described in the foregoing provisions
of this  Section 4.02(a) , there are no shares of capital stock or other equity securities of GoEnergy authorized, issued
or outstanding.  No GoEnergy Common Shares or shares of Preferred Stock are held in GoEnergy’s treasury or reserved
for issuance.  GoEnergy does not own, directly or indirectly, any outstanding voting securities of or other interests in any
other corporation, partnership, joint venture or other business entity;

 

(b)

All of the outstanding shares of capital stock are duly authorized,
validly issued, fully paid and non-assessable and were not issued in violation of any (i) preemptive or other rights of any Person
to acquire securities of GoEnergy or (ii) applicable federal or state securities laws, and the rules and regulations promulgated
thereunder (the “ Securities Laws ”).  Each KTC Shareholder shall receive good and valid title to its respective
Exchange Shares, free and clear of all liens, encumbrances, pledges, security interests, claims, charges, options, rights of first
refusal, proxies, voting trusts, or agreements, transfer restrictions under any equity holder or similar agreement or any other
restriction or limitation whatsoever, including any contract granting any of the foregoing (collectively, “ Liens
”);

 

(c)

There are no outstanding subscriptions, options, convertible securities,
rights (preemptive or otherwise), warrants, calls or agreements relating to any shares of capital stock or other securities of
GoEnergy.  There are no agreements of any character to which GoEnergy is a party or by which it is bound obligating GoEnergy
to issue, deliver or sell, or cause to be issued, delivered or sold, or repurchase, redeem or otherwise acquire, or cause the repurchase,
redemption or acquisition of, any shares of capital stock or similar ownership interests of GoEnergy or obligating GoEnergy to
grant, extend, accelerate the vesting of or enter into any such subscription, option, warrant, equity security, call, right, commitment
or agreement.  There is no plan or arrangement to issue GoEnergy Common Shares or Preferred Stock except as set forth in this
Agreement;

 

    	9

    	 

    

 

(d)

GoEnergy’s stock and minute books are correct and complete,
no further entries have been made through the date of this Agreement, and such minute books contain an accurate record of all shareholder
and corporate actions of the stockholders and directors (and any committees thereof).  All accounts, books, ledgers and official
and other records of GoEnergy fairly and accurately reflect all of GoEnergy’s transactions, properties, assets and liabilities;

 

(e)

All outstanding equity securities of GoEnergy have been issued and
granted in compliance with all Securities Laws and other applicable laws and regulations, and all requirements set forth in any
contract, agreement or instrument to which GoEnergy is a party or under which its assets are bound; and

 

(f)

There are no registration rights, rights plan, anti-takeover plan
or other agreement or understanding to which GoEnergy is a party or by which it or its assets are bound, with respect to any equity
security of any class of GoEnergy, and there are no agreements to which GoEnergy is a party, or which GoEnergy has knowledge of
after due diligence, which conflict with this Agreement or the transactions contemplated herein or otherwise prohibit the consummation
of the transactions contemplated hereunder.

 

Section 4.03

Subsidiaries and Predecessor Corporations.
  GoEnergy does not have any predecessor entities or subsidiaries, and does not own, beneficially or of record, any shares
of any other Person.  For purposes of this Agreement, “ Person ” means any individual, partnership, corporation,
association, joint stock company, trust, joint venture, unincorporated organization or governmental entity (or any department,
agency or political subdivision thereof) or other entity.

 

Section 4.04

Financial Statements; Taxes.

 

(a)

Included in the GoEnergy Schedules are the
audited balance sheets of GoEnergy as of July 31, 2010 and 2009, and the related audited statements of operations, stockholders’
equity and cash flows for the fiscal years ended July 31, 2010 and 2009, together with the notes to such statements;

 

(b)

All such financial statements have been prepared
in accordance with U.S. generally accepted accounting principles (“ U.S. GAAP ”) consistently applied on the
date and throughout the periods involved. The GoEnergy balance sheets, statements of operations, stockholders’ equity and
cash flows are true and accurate and present fairly as of their respective dates the financial condition of GoEnergy;

 

(c)

GoEnergy has no liabilities or obligations,
direct or indirect, matured or unmatured, contingent or otherwise, of any nature whatsoever, and has not (i) borrowed or agreed
to borrow any funds, or incurred or become subject to, any material obligation or liability; (ii) paid or agreed to pay any material
obligations or liabilities (direct or indirect, matured or unmatured, contingent or otherwise), such as a guaranty of any obligation;
or (iii) sold or transferred, or agreed to sell or transfer, any of its assets, properties or rights, or canceled, or agreed to
cancel, any debts or claims;

 

    	10

    	 

    

 

(d)

GoEnergy has timely filed all state, federal
and local income and franchise tax returns required to be filed by it from its inception to the date hereof.  GoEnergy has
no liabilities with respect to the payment of any federal, state, foreign, county, local or other taxes (including any deficiencies,
interest or penalties); and

 

(e)

The books and records, financial and otherwise,
of GoEnergy are complete and correct and have been maintained in accordance with U.S. GAAP consistently applied throughout the
periods involved.

 

Section 4.05

Absence of Certain Changes or Events.
 Since the date of the most recent GoEnergy balance sheet that was delivered by GoEnergy to KTC Corp.:

 

(a)

there has not been any adverse change in the
business, operations, properties, assets or condition of GoEnergy;

 

(b)

GoEnergy has not (i) amended its certificate
of incorporation or bylaws except as required by this Agreement; (ii) declared or made, or agreed to declare or make, any payment
of dividends or distributions of any assets of any kind whatsoever to its stockholders, or purchased or redeemed, or agreed to
purchase or redeem, any of its capital stock; (iii) waived any rights of value which are outside of the ordinary course of business;
(iv) made any change in its method of accounting; (v) entered into any transactions or agreements other than in the ordinary course
of business; or (vi) made any accrual or arrangement for, or payment of bonuses or special compensation of, any kind, or any severance
or  termination pay to any present or former officer or employee; and

 

(c)

GoEnergy has not become subject to any law
or regulation, which adversely affects, or in the future may adversely affect, the business, operations, properties, assets or
condition of GoEnergy.

 

Section 4.06

Litigation and Proceedings.  There
are no actions, suits, proceedings or investigations pending or, to the knowledge after diligent investigation by GoEnergy and
the GoEnergy Majority Shareholder, threatened by or against GoEnergy or affecting GoEnergy or its properties, at law or in equity,
before any court or other governmental agency or instrumentality, domestic or foreign, or before any arbitrator of any kind.  

 

Section 4.07

No Conflicts; Compliance With Laws and Regulations.

 

(a)

GoEnergy has complied with all applicable statutes and regulations
of any federal, state or other applicable governmental entity or agency thereof.  GoEnergy is not a party to or bound by,
and the properties of GoEnergy are not subject to, any judgment, order, writ, injunction, decree or award;

 

    	11

    	 

    

 

(b)

The execution of this Agreement and the consummation of the transactions
contemplated by this Agreement will not result in the breach of any term or provision of, constitute a default under, or terminate,
accelerate or modify, the terms of any indenture, mortgage, deed of trust or other material agreement or instrument to which GoEnergy
is a party or to which it or any of its assets, properties or operations are subject; and

 

(c)

The execution, delivery and performance of this Agreement by GoEnergy
will not: (i) require the consent of any third party or governmental entity under any laws; (ii) violate any laws applicable to
GoEnergy or its capital stock; or (iii) violate or breach any contractual obligation to which GoEnergy is a party or its capital
stock bound.

 

Section 4.08

Material Transactions or Affiliations.
 There exists no contract, agreement or arrangement between GoEnergy and any predecessor or any Person who was at the time
of such contract, agreement or arrangement an officer, director or Person owning of record or beneficially 5% or more of the issued
and outstanding GoEnergy Common Shares.  Neither any officer, director nor 5% stockholder has, or has had since inception
of GoEnergy, any known interest, direct or indirect, contingent or otherwise, in any such transaction with GoEnergy.  GoEnergy
has no commitment, whether written or oral, to lend any funds to, borrow any money from, or enter into any other transaction with,
any such affiliated Person.

 

Section 4.09

SEC Reports.

(a)

Each filing made by GoEnergy (the “GoEnergy
SEC Reports ”) with the SEC (i) was prepared in accordance and complied with the requirements of the Securities Act or
the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), as the case may be, and the rules and
regulations of the SEC applicable thereunder to such GoEnergy SEC Reports, and (ii) did not, at the time they were filed (and if
amended or superseded by a filing prior to the date of this Agreement then on the date of such filing and as so amended or superseded),
contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in
order to make the statements therein, in light of the circumstances under which they were made, not misleading;

 

(b)

Each set of financial statements (including,
in each case, any related notes thereto) contained in the GoEnergy SEC Reports comply with the published rules and regulations
of the SEC with respect thereto, and each fairly presents in all material respects the financial position of GoEnergy at the respective
dates thereof and the results of its operations and cash flows for the periods indicated; and

 

(c)

GoEnergy is in compliance with, and current
in, all of the reporting, filing and other requirements under the Exchange Act, its shares of common stock have been registered
under Section 12(g) of the Exchange Act, and GoEnergy is in compliance with all of the requirements under, and imposed by, Section
12(g) of the Exchange Act.

 

    	12

    	 

    

 

ARTICLE V

 

PRE-CLOSING COVENANTS

 

On or before the Closing Date, the Parties shall have complied with
and/or provided the following:

 

Section 5.01

Access to Properties and Records.
 Each of GoEnergy and KTC Corp. shall have afforded to the officers, directors, shareholders that are signatories hereto and
authorized representatives of the other full access to their respective properties, books and records in order that each may have
a full opportunity to make such reasonable investigation as it shall desire to make of the affairs of the other, and each will
furnish the other with such additional financial and operating data and other information as to the business and properties of
GoEnergy or KTC Corp., as the case may be, as the other shall from time to time reasonably request and without undue expense.   

Section 5.02

Third Party Consents and Certificates.
 Each of GoEnergy, the GoEnergy Majority Shareholder, KTC Corp., and the KTC Corp. Shareholders agrees to cooperate with each
other in order to obtain any required third party consents to this Agreement and the transactions herein contemplated.

Section 5.03

Designation of Directors and Officers.
 The GoEnergy Majority Shareholder shall resign as Director of GoEnergy and all of his officer positions with GoEnergy on
the Closing Date, and such resignation shall become effective upon the tenth (10 th ) day following the mailing of the
Information Statement by GoEnergy to its stockholders.  On the Closing Date, Gareb Shamus shall be appointed to the GoEnergy
Board and as President and CEO of GoEnergy.

Section 5.04

Securities Law Compliance.
 Each of GoEnergy and KTC Corp. understands and agrees that the consummation of this Agreement, including the issuance of
the Exchange Shares to the KTC Shareholders in exchange for the their respective KTC Corp. Shares as contemplated hereby, constitutes
the offer and sale of securities under the Securities Act and applicable state statutes.  Each of GoEnergy and KTC Corp. agrees
that such transactions shall be consummated in reliance on exemptions from the registration and prospectus delivery requirements
of such statutes, which depend, among other items, on the circumstances under which such securities are acquired.  Furthermore:

(a)

In connection with the transactions contemplated by this Agreement,
GoEnergy and KTC Corp. shall each file , with the assistance of the other and their respective legal counsel, such notices,
applications, reports or other instruments as may be deemed by them to be necessary or appropriate in an effort to document reliance
on such exemptions, and the appropriate regulatory authority in the state where the KTC Shareholders reside, unless an exemption
requiring no filing is available in such jurisdiction, all to the extent and in the manner as may be deemed by the Parties to be
appropriate; and

    	13

    	 

    

 

(b)

In order to more fully document reliance on the exemptions as provided
herein, each Party shall execute and deliver to the others, at or prior to the Closing, such further letters of representation,
acknowledgment, suitability or the like as a Party  or its counsel may reasonably request in connection with reliance on exemptions
from registration under the Securities Laws.

 

Section 5.05

Further Assurances.  Subject to the terms and conditions
herein provided, each Party shall use its reasonable best efforts to perform or fulfill any and all conditions and obligations
to be performed or fulfilled by it under this Agreement so that the transactions contemplated hereby shall be consummated as soon
as practicable.  Each Party also agrees that it shall use its reasonable best efforts to take, or cause to be taken, all actions
and to do, or cause to be done, all things necessary, proper or advisable under applicable laws and regulations to consummate and
make effective this Agreement and the transactions contemplated herein.

 

ARTICLE VI

 

CONDITIONS PRECEDENT
TO OBLIGATIONS OF GOENERGY

 

The obligations of GoEnergy under this Agreement are subject to
the satisfaction, at or before the Closing Date, of the following conditions:

 

Section 6.01

Accuracy of Representations and
Performance of Covenants.  The representations and warranties made by KTC Corp. and the KTC Shareholders in this Agreement
were true in all material respects when made and shall be true in all material respects on the Closing Date with the same force
and effect as if such representations and warranties were made at and as of the Closing Date (except for changes therein permitted
by this Agreement and those representations and warranties that speak of a different date).  KTC Corp. shall have performed
or complied in all material respects with all covenants and conditions required by this Agreement to be performed or complied with
by KTC Corp. prior to or at the Closing.  GoEnergy shall be furnished with a certificate, signed by a duly authorized executive
officer of KTC Corp. and dated the Closing Date, to the foregoing effect;

Section 6.02

Officer’s Certificate.  GoEnergy
shall have been furnished with a certificate dated the Closing Date and signed by a duly authorized officer of KTC Corp. to the
effect that no litigation, proceeding, investigation or inquiry is pending, or to the knowledge of KTC Corp. threatened, which
might result in an action to enjoin or prevent the consummation of the transactions contemplated by this Agreement or, to the extent
not disclosed in the KTC Corp. Schedules, by or against KTC Corp., which might result in a material adverse change in any of the
assets, properties, business or operations of KTC Corp.;

 

Section 6.03

No Governmental Prohibition.  No order, statute, rule,
regulation, executive order, injunction, stay, decree, judgment or restraining order shall have been enacted, entered, promulgated
or enforced by any court or governmental or regulatory authority or instrumentality which prohibits the consummation of the transactions
contemplated hereby;

 

Section 6.04

Consents.  All material consents,
approvals, waivers or amendments pursuant to all contracts, licenses, permits, trademarks and other intangibles in connection with
the transactions contemplated herein, or for the continued operation of KTC Corp. after the Closing Date on the basis as presently
operated, shall have been obtained; and

 

    	14

    	 

    

 

Section 6.05

Other Items.  GoEnergy shall have
received such further opinions, documents, certificates or instruments relating to the transactions contemplated hereby as GoEnergy
may reasonably request.

 

ARTICLE VII

 

CONDITIONS PRECEDENT TO OBLIGATIONS OF KTC
CORP.

AND THE KTC SHAREHOLDERS

 

The obligations of KTC Corp. and the KTC Shareholders under this
Agreement are subject to the satisfaction, at or before the Closing Date, of the following conditions:

 

Section 7.01

Accuracy of Representations and Performance
of Covenants. The representations and warranties made by GoEnergy and the GoEnergy Majority Shareholder in this Agreement were
true when made and shall be true as of the Closing Date (except for changes therein permitted by this Agreement and those representations
and warranties that speak of a different date) with the same force and effect as if such representations and warranties were made
at and as of the Closing Date.  Additionally, each of GoEnergy and the GoEnergy Majority Shareholder shall have fully performed
and complied with all covenants and conditions required by this Agreement to be performed or complied with by GoEnergy or the GoEnergy
Majority Shareholder, respectively.  KTC Corp. shall be furnished with a certificate, signed by a duly authorized executive
officer of GoEnergy and dated the Closing Date, to the foregoing effect;

 

Section 7.02

Closing Certificate.  KTC Corp.
shall have been furnished with a certificate, dated the Closing Date and signed by duly authorized executive officers of GoEnergy,
to the effect that no litigation, proceeding, investigation or inquiry is pending or threatened, which might result in an action
to enjoin or prevent the consummation of the transactions contemplated by this Agreement or, to the extent not disclosed in the
GoEnergy Schedules, by or against GoEnergy, which might result in any material adverse change in any of the business, condition
(financial or otherwise), assets, properties or result of operations of GoEnergy;

 

Section 7.03

Legal Opinion.  KTC Corp. shall
have been furnished with an opinion dated as of the Closing Date from legal counsel to GoEnergy, covering such matters as it relates
to this Agreement and the issuance of the Exchange Shares and other matters reasonably requested by KTC Corp.

 

Section 7.04

Good Standing.  KTC Corp. shall
have received a certificate of good standing from the Secretary of State of the State of Delaware or other appropriate office,
dated as of a date within ten (10) business days prior to the Closing Date, certifying that GoEnergy is in good standing as a corporation
in the State of Delaware, including, without limitation, that GoEnergy has filed all tax returns required to have been filed by
it to date and has paid all taxes reported as due thereon.

 

    	15

    	 

    

 

Section 7.05

No Governmental Prohibition.  No
order, statute, rule, regulation, executive order, injunction, stay, decree, judgment or restraining order shall have been enacted,
entered, promulgated or enforced by any court or governmental or regulatory authority or instrumentality which prohibits the consummation
of the transactions contemplated hereby.

 

Section 7.06

Consents.  All consents, approvals,
waivers or amendments pursuant to all contracts, licenses, permits, trademarks and other intangibles in connection with the transactions
contemplated herein, or for the continued operation of GoEnergy after the Closing Date on the basis as presently operated, shall
have been obtained.

 

Section 7.07

No Debt.  GoEnergy shall
not have any Debt as of the Closing Date.  For purposes of this Agreement, “ Debt ” means any of the following:
(a) all obligations of GoEnergy for borrowed money or evidenced by bonds, bankers’ acceptances, debentures, notes or other
similar instruments; (b) all obligations of GoEnergy (whether contingent or otherwise) in respect of letters of credit, surety
or other bonds and similar instruments; (c) all accounts payable and all accrued expenses, liabilities or other obligations of
GoEnergy; (d) all obligations under capital leases; (e) all Debt (as defined in the other clauses of this definition) of others
secured by a Lien on any property of GoEnergy, whether or not such Debt is assumed by GoEnergy; (f) all Debt (as defined in the
other clauses of this definition) of others guaranteed by GoEnergy or in which GoEnergy otherwise assures a creditor against loss
of the Debt (howsoever such assurance shall be made) to the extent of the lesser of the amount of such Debt and the maximum stated
amount of such guarantee or assurance against loss; (g) all obligations or undertakings of GoEnergy to maintain or cause to be
maintained the financial position or covenants of others or to purchase the Debt or property of others; (h) obligations to deliver
commodities, goods or services in consideration of one or more advance payments; (i) obligations to pay for goods or services whether
or not such goods or services are actually received or utilized by GoEnergy; and (j) any Debt of a partnership for which GoEnergy
is liable either by agreement, by operation of law or by a governmental requirement but only to the extent of such liability. The
Debt shall include all obligations of GoEnergy of the character described above to the extent GoEnergy remains legally liable in
respect thereof notwithstanding that any such obligation is not included as a liability of GoEnergy under GAAP.  Without limiting
the foregoing, GoEnergy’s Debt shall includ e ing
the items listed in  Schedule 7.07 hereto.

 

7.08

Promissory Note.  Simultaneous with the execution hereof,
(i) KTC Corp. shall have received from GoEnergy proceeds in the amount of Two Hundred Thousand Dollars ($200,000) in immediately
available funds pursuant to that certain promissory note issued by KTC Corp. to GoEnergy in the principal amount of $200,000 in
the form attached hereto as  Exhibit A (the “ KTC Note ”) and (ii) GoEnergy shall have issued to certain
Persons (A) promissory notes in an aggregate principal amount of $200,000 in the form attached hereto as  Exhibit B-1 (collectively,
the “ Bridge Notes”) and (B) warrants in the form attached hereto as Exhibit B-2 (collectively, the “Warrants”)
to   the holders of such Bridge Notes, such warrants granting such noteholder the right to purchase that number of GoEnergy
Common Shares that shall equal in the aggregate 100% of the number of GoEnergy Common Shares that would be issuable upon full conversion
of such holder’s Bridge Note, and the Parties shall have duly executed and delivered the appropriate documents in connection
with the foregoing.

 

    	16

    	 

    

 

Section 7.09

Follow-on Financing.  On the Closing Date, GoEnergy
shall have consummated a private placement, pursuant to which GoEnergy shall issue its securities to “accredited investors,”
as such term is defined in Rule 501 of Regulation D, in exchange for an aggregate of at least $800,000 or such other amount as
mutually agreed by the Parties in writing.

 

ARTICLE VIII

 

MISCELLANEOUS

 

Section 8.01

Post-Closing Covenants.  

 

(a)

Assistance with Post-Closing SEC Reports and Inquiries. Upon
the reasonable request of KTC Corp. after the Closing Date, the GoEnergy Majority Shareholder shall use its best efforts to provide
such information available to GoEnergy Majority Shareholder, including, without limitation, information, filings, reports, financial
statements or other circumstances of GoEnergy occurring, reported or filed prior to the Closing, as may be necessary or required
by GoEnergy for the preparation of the reports that GoEnergy is required to file after Closing with the SEC to remain in compliance
and current with its reporting requirements under the Exchange Act, or filings required to address and resolve matters as may relate
to the period prior to Closing, and any SEC comments relating thereto or any SEC inquiry thereof.

 

(b)

Indemnification.

 

(i)

KTC Corp. shall indemnify and hold harmless
GoEnergy and its officers, directors and agents, and the GoEnergy Majority Shareholder, from and against any and all losses, damages,
fees, costs, expenses, obligations and liabilities (collectively, the “ Liabilities ”) or actions, investigations,
inquiries, arbitrations, claims or other governmental or administrative agency proceedings in respect thereof, including enforcement
of this Agreement (collectively, the “ Actions ” and together with the Liabilities, the “ Losses
”), arising out of or based on (A) any material inaccuracy appearing in, or misrepresentations made under, Articles II and
III of this Agreement or (B) a material breach of a any covenant or agreement in this Agreement or any related agreement.

 

(ii)

The GoEnergy Majority Shareholder hereby agrees
to indemnify KTC Corp., KTC Majority Shareholder and the KTC Signatories, and their respective officers, directors and agents,
, from and against any and all Loss to which it or they may become subject arising out of or based on (A) any material inaccuracy
appearing in, or misrepresentations made under, Article IV of this Agreement or (B) a material breach of a any covenant or agreement
in this Agreement or any related agreement.  

 

(iii)

Without limiting the foregoing, Losses include,
but are not limited to, all reasonable legal fees, court costs and other expenses incurred in connection with investigating, preparing,
defending, paying, settling or compromising any suit in law or equity arising out of this Agreement.

 

    	17

    	 

    

 

(iv)

The indemnification provided for in this paragraph
(b) shall survive the Closing and consummation of the transactions contemplated hereby, and termination of this Agreement.

 

Section 8.02

Brokers.  Each Party. agrees that
there were no finders or brokers involved in bringing the Parties together or who were instrumental in the negotiation, execution
or consummation of this Agreement.  Each Party agrees to indemnify the others against any claim by any third Person other
than as set forth in a Schedule hereto for any commission, brokerage or finder’s fee arising from the transactions contemplated
hereby based on any alleged agreement or understanding between the indemnifying party and such third Person, whether express or
implied, from the actions of the indemnifying party.

 

Section 8.03

Governing Law.  All questions concerning
the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State
of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York
or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York.
Each Party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the city of New
York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated
hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an
inconvenient forum or that the venue of such suit, action or proceeding is improper. Each Party hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such
Party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law.

 

Section 8.04

Notices.  All notices or other
communications required or permitted by this Agreement shall be in writing and addressed as follows

 

If to KTC Corp., to:

1010 Avenue of the Americas

Suite 302, New York, NY  10018

 

Attention:  Gareb Shamus, President and CEO

 

Fax: (212) 765-5779

 

If to the KTC:

1010 Avenue of the Americas

Majority Shareholder, to

Suite 302, New York, NY  10018

 Attention:  Gareb Shamus, Sole Manager

 Fax: (212) 765-5779

    	18

    	 

    

 

If to any KTC Signatory, to:

The address set forth opposite their names in the signature pages
hereto

 

In each case, with copies (which

Joseph M. Lucosky, Esq.

shall not constitute notice) to:

Anslow & Jaclin, LLP

195 Route 9 South, Suite 204 Manalapan, NJ 07726

 

Fax: (732) 577-1188

 

If to GoEnergy, to:

	 	#2129-4951 Netarts Highway West

Tillamook, OR 97141-9467

 

Attention:  Terry Fields

 

Fax:

 

If to the Majority:

Stockholder, to

	 	Strato Malamas

c/o GoEnergy, Inc.

#2129-4951 Netarts Highway West

Tillamook, OR 97141-9467

Fax:

 

or such other addresses as shall be furnished
in writing by any Party in the manner for giving notices hereunder.

 

Notice shall be deemed to have been duly received:

 

(a)

if given by fax or email, when transmitted
and the appropriate confirmation received, as applicable, if transmitted on a business day and during normal business hours of
the recipient, and otherwise on the next business day following transmission;

 

(b)

if given by certified or registered mail, return
receipt requested, postage prepaid, three business days after being deposited in the U.S. mail; and

 

(c)

if given by courier, messenger or other means,
when received or personally delivered and, in any such case, addressed as indicated herein, or to such other addresses as may be
specified by any Party to the other Parties pursuant to notice given by such Party in accordance with the provisions of this Section
8.04.

 

    	 

    	 

    
 

Section 8.05

Attorney’s Fees.  In the event that any
Party institutes any action or suit to enforce this Agreement or to secure relief from any default hereunder or breach hereof,
the prevailing Party shall be reimbursed by the losing Party for all costs, including, without limitation, reasonable attorney’s
fees, incurred in connection therewith and in enforcing or collecting any judgment rendered therein.

 

Section 8.06

Confidentiality.  Each Party
agrees with the others that, unless and until the transactions contemplated by this Agreement have been consummated, such
Party and such Party’s officers, directors, employees, advisors, agents or representatives (collectively, the
“ Representatives ”) shall hold in strict confidence all data and information obtained with respect to
another Party or any subsidiary thereof (whether written or oral and regardless of whether such information is marked
‘Confidential’) from any Representative or from any books or records or from personal inspection, of such other
Party, and shall not use such data or information or disclose the same to others, except to the extent such data or
information is (i) public at no fault of the receiving Party; (ii) required by law to disclose; or (iii) to the extent that
such data or information must be used or disclosed in order to consummate the transactions contemplated by this Agreement.
 In the event of the termination of this Agreement, each Party shall return to the other all documents and other
materials obtained by it or on its behalf and shall destroy all electronic and paper copies, summaries, work papers,
abstracts or other materials relating thereto, and each Party will continue to comply with the confidentiality provisions set
forth herein.

 

Section 8.07

Public Announcements and Filings.  Unless
required by applicable law or regulatory authority, none of the Parties will issue any report, statement or press release to the
general public, to the trade, to the general trade or trade press, or to any third party (other than its advisors and representatives
in connection with the transactions contemplated hereby) or file any document, relating to this Agreement, the existence of this
Agreement and the transactions contemplated hereby, except as may be mutually agreed by the Parties.  Copies of any such filings,
public announcements or disclosures, including, without limitation, any announcements or disclosures mandated by law or regulatory
authorities, shall be delivered to each Party at least one (1) business day prior to the release thereof.

 

Section 8.08

Third Party Beneficiaries.  This
contract is strictly between GoEnergy, the GoEnergy Majority Shareholder, KTC Corp., and each of the KTC Shareholders and, except
as specifically provided, no other Person shall be deemed to be a third party beneficiary of this Agreement.

 

Section 8.09

Expenses.  Subject to Articles
VII and VIII herein, whether or not the Exchange is consummated, each of GoEnergy and KTC Corp. shall bear their own respective
expenses, including legal, accounting and professional fees, incurred in connection with this Agreement and any other agreements
in connection therewith, the Exchange or any of the other transactions contemplated hereby.

 

Section 8.10

Entire Agreement.  This Agreement
and the related documents referenced herein represent the entire agreement between the Parties relating to the subject matter hereof,
and supersedes all prior agreements, understandings and negotiations, written or oral, with respect to such subject matter.

 

    	 

    	 

    

 

Section 8.11

Survival; Termination.  The representations,
warranties and covenants of the respective Parties shall survive the Closing Date and the consummation of the transactions herein
contemplated for a period of one year.

 

Section 8.12

Counterparts. This Agreement may be
executed in multiple counterparts, each of which shall be deemed an original, and all of which taken together shall be but a single
instrument.  Signatures delivered by facsimile shall be deemed original signatures.

 

Section 8.13

Amendment or Waiver.  Every right
and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law or in equity,
and may be enforced concurrently therewith, and no waiver by any Party of the performance of any obligation by the other shall
be construed as a waiver of the same or any other default then, theretofore or thereafter occurring or existing.  At any time
prior to the Closing Date, this Agreement may by amended by a writing signed by all Parties, with respect to any of the terms contained
herein, and any term or condition of this Agreement may be waived or the time for performance may only be extended by a writing
signed by the Party or Parties for whose benefit the provision is intended.

 

Section 8.14

Separate Legal Counsel.  Each Party hereby acknowledges,
agrees and represents and warrants to the other Parties that it has been represented by its own separate legal counsel in

 

connection with the preparation, negotiation and execution of this
Agreement, and the consummation of the transactions contemplated hereby, and no such Party has relied on any other Party’s
legal counsel or such other Party’s counsel’s advise in connection herewith.

 

[-Signature Pages Follow-]

 

    	 

    	 

    

 

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

  

THE COMPANY

 

GOENERGY, INC.

 

By:

/s/ Terr Fields

 

Name:  Terry Fields

Title: CEO

 

MAJORITY STOCKHOLDER

 

/s/ Strato Malamas________________________

Strato Malamas

 

KTC CORP.

 

KICK THE CAN CORP.

 

By:

/s/ Gareb Shamus

 

By:  Gareb Shamus, its

Title:  President and CEO

 

KTC MAJORITY SHAREHOLDER

 

KICKING THE CAN, L.L.C.

 

By: _/s/ Gareb Shamus___________________

Name:  Gareb Shamus

Title:  Sole Operating Manager

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

BRISTOL CAPITAL ADVISORS PROFIT SHARING PLAN

 

By:

/s/ Paul Kessler_______________

Paul Kessler

Authorized Signatory

 

Address:

c/o Amy Wang, Esq.

6353 W. Sunset Blvd., Suite 4006

Hollywood, CA 90028

 

Fax No.:  (323) 960 - 3805

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

BRISTOL CAPITAL, LLC

 

By:

________________________

Paul Kessler

Manager

 

Address:

6353 W. Sunset Blvd., Suite 4006

Hollywood, CA 90028

Attn:  Amy Wang, Esq.

 

Fax No.:  (323) 960 - 3805

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    

 

KTC SIGNATORY

 

BRISTOL INVESTMENT FUND, LTD.

 

By:

________________________

Paul Kessler

Director

 

Address:

c/o Bristol Capital Advisors, LLC

6353 W. Sunset Blvd., Suite 4006

Hollywood, CA 90028

Attn:  Amy Wang, Esq.

 

Fax No.:  (323) 960 - 3805

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

CANYONS TRUST

 

By:

________________________

Name:

Title:

 

Address:

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    

 

KTC SIGNATORY

 

________________________

Carolyn Latondresse

 

Address:

3480 Yukon Street

Vancouver, BC V5Y 3S2

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

WEBWORKS MULTIMEDIA CORPORATION

 

By:

________________________

Name:

Title:

 

Address:

3248 First Avenue W.

Vancouver, BC V6K 1H5

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

________________________

Ronaye MaLette

 

Address:

1550 35th Ave. W

Vancouver, BC V6M 1H2

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

________________________

Kyle McClay

 

Address:

652 Millbank

Vancouver, BC V5Z 4B7

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

ANGEL INTERNATIONAL

 

By:

________________________

Name:

Title:

 

Address:

Box 5180

Lexington SPA CV 32 9HG

England, United Kingdom

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

________________________

Eric Weissblum

 

Address:

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

THE DAVID ROSENBERG IRREVOCABLE TRUST

 

By:

________________________

Name:

Title:  Trustee

 

Address:

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

________________________

Robert Knie

 

Address:

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

DPIT, LLC

 

By:

________________________

Name:

Title:  

 

Address:

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

FJD HOLDINGS LLC

 

By:

________________________

Name:

Title:  

 

Address:

205 Edenfield Place

Lakeland, FL 33801

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

ALPHA

 

By:

________________________

Name:

Title:  

 

Address:

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

KTC SIGNATORY

 

MOMONA CAPITAL

 

By:

________________________

Name:

Title:  

 

Address:

 

Fax No.:  

 

[Signature page to Share Purchase and Share
Exchange Agreement]

 

    	 

    	 

    
 

SCHEDULE I

 

THE EXCHANGE SCHEDULE

 

	 	 	Name of KTC Shareholder	 	No. of KTC Shares	 	No. of Exchange Shares	 
	1	 	Angel International	 	 	400,000	 	 	400,000	 
	2	 	Bristol Capital Advisors Profit Sharing Plan	 	 	350,000	 	 	350,000	 
	3	 	Bristol Capital, LLC	 	 	1,518,000	 	 	1,518,000	 
	4	 	Bristol Investment Fund, Ltd.	 	 	1,253,400	 	 	1,253,400	 
	5	 	Canyons Trust	 	 	454,883	 	 	454,883	 
	6	 	Carolyn Latondresse	 	 	776,276	 	 	776,276	 
	7	 	Ronaye MaLette	 	 	1,000,000	 	 	1,000,000	 
	8	 	Kyle McCay	 	 	400,000	 	 	400,000	 
	9	 	Webworks Multimedia Corporation	 	 	1,000,000	 	 	1,000,000	 
	10	 	Alpha	 	 	250,000	 	 	250,000	 
	11	 	DPIT, LLC	 	 	250,000	 	 	250,000	 
	12	 	FJD Funding	 	 	150,000	 	 	150,000	 
	13	 	Robert Knie	 	 	2,450,000	 	 	2,450,000	 
	14	 	Momona Capital	 	 	100,000	 	 	100,000	 
	15	 	The David Rosenberg Irrevocable Trust	 	 	2,000,000	 	 	2,000,000	 
	16	 	Eric Weisblum	 	 	1,952,548	 	 	1,952,548	 
	17	 	Kick the Can Corp.	 	 	19,125,000	 	 	19,125,000	 
	 	 	 	 	 	 	 	 	 	 
	 	 	GRAND TOTAL	 	 	33,430,107	 	 	33,430,107	 

 

    	 

    	 

    

  

KTC SHAREHOLDER DISCLOSURE SCHEDULES

 

    	 

    	 

    
 

 

GOENERGY DISCLOSURE SCHEDULES

 

SCHEDULE 7.07

 

	Issue Date	 	Principal Amt	 	 	Present Holder	 	 	Conversion Price	 
	 	 	 	 	 	 	 	 	 	 
	05/01/02	 	$	20,000.00	 	 	 	Bristol Investment Fund, Ltd.	 	 	$	0.01	 
	04/07/05	 	$	5,000.00	 	 	 	Bristol Capital, LLC	 	 	$	0.01	 
	07/20/06	 	$	15,000.00	 	 	 	Bristol Capital, LLC	 	 	$	0.01	 
	08/13/07	 	$	5,000.00	 	 	 	Canyons Trust	 	 	$	0.01	 
	10/08/10	 	$	25,000.00	 	 	 	Bristol Investment Fund, Ltd.	 	 	$	0.01	 

 

No.

Date

Amount

Note Holders

 

(1)

April 26, 2007

$10,000US

Charles MaLette

(2)

February 19, 2008

$10,000US

Dream On Enterprises SA

(3)

June 25, 2008

$  5,000US

Carolyn Latondresse

(4)

August 7, 2008

$  5,000US

Ronaye MaLette

(5)

November 24, 2008

$  5,000US

Kathleen McClay

(6)

May 8, 2009

$  5,000US

Kyle McClay

 

    	 

    	 

    
 

(7)

July 11, 2009

$  5,000US

Kelsey Fields

 

New Notes:

 

(8)

January 15, 2010

$10,000US

Webworks Multimedia

(9)

February 25, 2010

$  5,000US

Webworks Multimedia

(10)

April 30, 2010

$  5,000US

Ronaye MaLette

(11)

September 1, 2010

$  5,000US

Webworks Multimedia

 

    	 

    	 

    
 

EXHIBIT A

 

KTC NOTE

 

    	 

    	 

    

 

EXHIBIT B-1

 

BRIDGE NOTES

  

    	 

    	 

    

 

EXHIBIT B-2

 

WARRANTS

 

    	 

    	 

    
 

NEITHER THIS SECURITY NOR THE SECURITIES INTO
WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION
OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH
EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.  THIS SECURITY AND THE SECURITIES ISSUABLE UPON
EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

COMMON STOCK PURCHASE WARRANT

 

GoENERGY, INC.

Warrant Shares: __________

Date: November 5, 2010

 

THIS COMMON STOCK PURCHASE WARRANT
(the “Warrant”) certifies that, for value received, _________________________________ (the “ Holder
”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any
time on or after a Qualified Offering (as defined below) (the “ Initial Exercise Date ”) and on or prior to
the close of business on the one (1) year anniversary of the issuance date hereunder (the “ Termination Date ”),
but not thereafter, to subscribe for and purchase from GoENERGY, INC. (the “ Company ”) up to that number of
shares (the “ Warrant Shares ”) of common stock, par value $.0001 per share (the “ Common Stock
”), of the Company as shall equal one hundred percent (100%) of the number of shares of Common Stock issuable upon conversion
of the principal amount and accrued but unpaid interest of the Note (as defined below) held by the Holder.  The purchase price
of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b) hereof.

Section 1.

Definitions.  Capitalized
terms used and not otherwise defined herein shall have the meanings set forth in that certain Convertible Demand Promissory Note,
dated of even date herewith (the “ Note ”), issued by the Company to the Holder in the form attached hereto
as  Exhibit A .

    	 

    	 

    
 

Section 2.

Exercise. 

a)

Exercise of Warrant.  Exercise
of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial
Exercise Date and on or before the Termination Date by delivery to the Company (or such other office or agency of the Company as
it may designate by notice in writing to the registered Holder at the address of the Holder appearing on the books of the Company)of
a duly executed facsimile copy of the Notice of Exercise Form (the “ Notice of Exercise ”) annexed  hereto;
and, within three (3) trading days of the date said Notice of Exercise is delivered to the Company, the Company shall have received
payment of the aggregate Exercise Price of the shares thereby purchased by wire transfer to an account designated in writing by
the Holder or delivery of a cashier’s check drawn on a United States bank to the principal offices of the Company.  Notwithstanding
anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the
Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the
Holder shall surrender this Warrant to the Company for cancellation within three (3) trading days of the date the final Notice
of Exercise is delivered to the Company.  Partial exercises of this Warrant resulting in purchases of a portion of the total
number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable
hereunder in an amount equal to the applicable number of Warrant Shares purchased.  The Holder and the Company shall maintain
records showing the number of Warrant Shares purchased and the date of such purchases.  The Company shall deliver any objection
to any Notice of Exercise  within one (1) Business Day (as defined below) of receipt of such notice.  In the event of
any dispute or discrepancy, the records of the Holder shall be controlling and determinative in the absence of manifest error.
The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph
(a), following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder
at any given time may be less than the amount stated on the face hereof.

b)

Exercise Price.  The exercise
price per share of the Common Stock under this Warrant shall be $0.60, subject to adjustment as set forth hereunder (the “
Exercise Price ”).

c)

Cashless Exercise.  This
Warrant may also be exercised at such time by means of a “cashless exercise,” in which the Holder shall be entitled
to receive a certificate for the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

(A) = the VWAP on the trading day immediately
preceding the date of such election;

 

(B) =  the Exercise Price of this Warrant,
as may be adjusted; and

 

(X) = the number of Warrant Shares issuable
upon exercise of this Warrant in accordance with the terms of this Warrant by means of a cash exercise rather than a cashless exercise.

 

Notwithstanding anything herein to the contrary,
(i) on the Termination Date, this Warrant shall be automatically exercised via cashless exercise pursuant to this Section 2(c)
and (ii) this Warrant may be exercised via a cashless exercise during the thirty (30) trading days immediately prior to the Termination
Date if there is no effective Registration Statement registering, or no current prospectus available for, the resale of the Warrant
Shares by the Holder.

 

    	 

    	 

    

 

d)

Exercise
Limitations  The Company shall not effect any exercise of this Warrant, and the Holder shall not have the right to exercise
any portion of this Warrant, pursuant to Section 2(c) hereof or otherwise, to the extent that after giving effect to such issuance
after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and
any other Person acting as a group together with the Holder or any of the Holder’s Affiliates), as set forth on the applicable
Notice of Exercise, would beneficially own in excess of the Beneficial Ownership Limitation (as defined herein).  For purposes
of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates shall include
the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination is being
made, but shall exclude the number of shares of Common Stock which would be issuable upon (A) exercise of the remaining, nonexercised
portion of this Warrant beneficially owned by the Holder or any of its Affiliates and (B) exercise or conversion of the unexercised
or nonconverted portion of any other securities of the Company (including, without limitation, any other debentures or warrants)
subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder
or any of its Affiliates.  Except as set forth in the immediately preceding sentence, and for purposes of this Section 2(d),
beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated
thereunder, it being acknowledged by the Holder that the Company is not representing to the Holder that such calculation is in
compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required to be filed
in accordance therewith.  To the extent that the limitation contained in this Section 2(d) applies, the determination of
whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates) and of
which portion of this Warrant is exercisable, shall be in the sole discretion of the Holder, and the submission of a Notice of
Exercise shall be deemed to be the Holder’s determination of whether this Warrant is exercisable (in relation to other securities
owned by the Holder together with any Affiliates) and of which portion of this Warrant is exercisable, in each case subject to
the Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of such determination.
 In addition, a determination as to any group status as contemplated above shall be determined in accordance with Section
13(d) of the Exchange Act and the rules and regulations promulgated thereunder.  For purposes of this Section 2(d), in determining
the number of outstanding shares of Common Stock, the Holder may rely on the number of outstanding shares of Common Stock as reflected
in (x) the Company’s most recent periodic or annual report, as the case may be, filed with the Commission, (y) a more recent
public announcement by the Company or (z) a more recent notice by the Company or the Company’s transfer agent setting forth
the number of shares of Common Stock outstanding.  Upon the written or oral request of the Holder, the Company shall,
within two (2) trading days, confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding. 
In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise
of securities of the Company, including this Warrant, by the Holder or its Affiliates since the date as of which such number of
outstanding shares of Common Stock was reported.  

 

The “Beneficial Ownership Limitation”
shall be 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of
Common Stock issuable upon exercise of this Warrant.  The Beneficial Ownership Limitation provisions of this Section 2(d)
may be waived by the Holder, at the election of the Holder, upon not less than 61 days’ prior notice to the Company. 
The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms
of this Section 2(d) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended
Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly give effect
to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

    	52

    	 

    

 

e)

Mechanics of Exercise.

 

i.

Authorization of Warrant Shares.  The
Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights represented by this Warrant
will, upon exercise of the purchase rights represented by this Warrant, be duly authorized, validly issued, fully paid and nonassessable
and free from all taxes, liens and charges created by the Company in respect of the issue thereof (other than taxes in respect
of any transfer occurring contemporaneously with such issue).  

 

ii.

Delivery of Certificates Upon Exercise.
 Certificates for shares of Common Stock purchased hereunder shall be transmitted by the transfer agent of the Company to
the Holder by crediting the account of the Holder’s prime broker with the Depository Trust Company through its Deposit Withdrawal
Agent Commission (“ DWAC ”) system if the Company is a participant in such system, and otherwise by physical
delivery to the address specified by the Holder in the Notice of Exercise, within three (3) trading days from the delivery to the
Company of the Notice of Exercise, surrender of this Warrant (if required) and payment of the aggregate Exercise Price as set forth
above (“ Warrant Share Delivery Date ”).  This Warrant shall be deemed to have been exercised on the date
the Exercise Price is received by the Company.  The Warrant Shares shall be deemed to have been issued, and the Holder or
any other Person so designated to be named therein, shall be deemed to have become a holder of record of such shares of Common
Stock for all purposes, as of the date the Warrant has been exercised by payment to the Company of the

 

Exercise Price (or by cashless exercise, if
permitted) and all taxes required to be paid by the Holder, if any, pursuant to Section 2(e)(vii) hereof prior to the issuance
of such shares of Common Stock, have been paid.  

iii.

Delivery of New Warrants Upon Exercise.
 If this Warrant shall have been exercised in part, the Company shall, at the request of the Holder and upon surrender of
this Warrant certificate, at the time of delivery of the certificate or certificates representing Warrant Shares, deliver to Holder
a new Warrant evidencing the rights of Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new
Warrant shall in all other respects be identical with this Warrant.

 

iv.

Rescission Rights.  If the Company
fails to cause its transfer agent to transmit to the Holder a certificate or certificates representing the Warrant Shares pursuant
to this Section 2(e)(iv) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

 

    	53

    	 

    

 

v.

Compensation for Buy-In on Failure to Timely
Deliver Certificates Upon Exercise .  In addition to any other rights available to the Holder, if the Company fails to
cause its transfer agent to transmit to the Holder a certificate or certificates representing the Warrant Shares pursuant to an
exercise on or before the Warrant Share Delivery Date, and if after such date the Holder is required by its broker to purchase
(in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise purchases, shares of Common Stock
to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise
(a “ Buy-In” ), then the Company shall (1) pay in cash to the Holder the amount by which (x) the Holder’s
total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount
obtained by multiplying (A) the number of Warrant Shares that the Company was required to deliver to the Holder in connection
with the exercise at issue and (B) the price at which the sell order giving rise to such purchase obligation was executed, and
(2) at the option of the Holder, either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which
such exercise was not honored or deliver to the Holder the number of shares of Common Stock that would have been issued had the
Company timely complied with its exercise and delivery obligations hereunder.  For purposes of illustration only, and without
limiting the foregoing, if the Holder purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect
to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000,
under clause (1) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall
provide the Company written notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon request of
the Company, evidence of the amount of such loss.  Nothing herein shall limit the Holder’s right to pursue any
other remedies available to it hereunder, at law or in equity, including, without limitation, a decree of specific performance
and/or injunctive relief with respect to the Company’s failure to timely deliver certificates representing shares of Common
Stock upon exercise of the Warrant, as required pursuant to the terms hereof.

vi.

No Fractional Shares or Scrip.  No
fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant.  As to any fraction
of a share of Common Stock to which Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its
election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the
Exercise Price or round up to the next whole share of Common Stock

 

vii.

Charges, Taxes and Expenses.  Issuance
of certificates for Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or other incidental
expense in respect of the issuance of such certificate, all of which taxes and expenses shall be paid by the Company, and such
certificates shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided
, however , that in the event certificates for Warrant Shares are to be issued in a name other than the name of the
Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto (“ Assignment
Form ”) duly executed by the Holder; and the Company may require, as a condition thereto, the payment of a sum sufficient
to reimburse it for any transfer tax incidental thereto.

 

viii.

Closing of Books.  The Company
will not close its stockholder books or records in any manner which prevents the timely exercise of this Warrant, pursuant to the
terms hereof.

 

    	54

    	 

    

 

Section 3.

CertainAdjustments.

 

a)

Stock Dividends
and Splits. If the Company, at any time while this Warrant is outstanding: (A) pays a stock dividend or otherwise make a distribution
or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common
Stock (“ Common Stock Equivalents ”) (which, for avoidance of doubt, shall not include any shares of Common
Stock issued by the Company upon exercise of this Warrant), (B) subdivides outstanding shares of Common Stock into a larger number
of shares, (C) combines (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares,
or (D) issues by reclassification of shares of the Common Stock any shares of capital stock of the Company, then in each case the
Exercise Price shall be multiplied by a fraction, of which (x) the numerator shall be the number of shares of Common Stock (excluding
treasury shares, if any) outstanding immediately before such event, and (y) the denominator shall be the number of shares of Common
Stock outstanding immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be
proportionately adjusted.  Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the
record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective
immediately after the effective date in the case of a subdivision, combination or reclassification and approved by the Holder,
whose approval shall not be unreasonably withheld or delayed.

 

b)

Subsequent
Equity Sales. If the Company or any subsidiary thereof, as applicable, at any time while this Warrant is outstanding, shall
sell or grant any option to purchase or sell or grant any right to reprice its securities, or otherwise dispose of or issue (or
announce any offer, sale, grant or any option to purchase or other disposition) any Common Stock or Common Stock Equivalents entitling
any Person to acquire shares of Common Stock, at an effective price per share less than the then Exercise Price (such lower price,
the “ Base Share Price ” and such issuances collectively, a “ Dilutive  Issuance ”)
(if the holder of the Common Stock or Common Stock Equivalents so issued shall at any time, whether by operation of purchase price
adjustments, reset provisions, floating conversion, exercise or exchange prices or otherwise, or due to warrants, options or rights
per share which are issued in connection with such issuance, be entitled to receive shares of Common Stock at an effective price
per share which is less than the Exercise Price, such issuance shall be deemed to have occurred for less than the Exercise Price
on such date of the Dilutive Issuance), then the Exercise Price shall be reduced and only reduced to equal the Base Share Price
and the number of Warrant Shares issuable hereunder shall be increased such that the aggregate Exercise Price payable hereunder,
after taking into account the decrease in the Exercise Price, shall be equal to the aggregate Exercise Price prior to such adjustment.
 Such adjustment shall be made whenever Common Stock or Common Stock Equivalents are issued.  Notwithstanding the foregoing,
no adjustments shall be made, paid or issued under this Section 3(b) in respect of an Exempt Issuance (as defined herein).  The
Company shall notify the Holder in writing, no later than the trading day following the issuance of any Common Stock or Common
Stock Equivalents subject to this paragraph, indicating therein the applicable issuance price, or applicable reset price, exchange
price, conversion price and other pricing terms (such notice the “ Dilutive Issuance Notice ”).  For purposes
of clarification, whether or not the Company provides a Dilutive Issuance Notice pursuant to this Section 3(b), upon the occurrence
of any Dilutive Issuance, after the date of such Dilutive Issuance the Holder is entitled to receive a number of Warrant Shares
based upon the Base Share Price regardless of whether the Holder accurately refers to the Base Share Price in the Notice of Exercise.
 For purposes of this Warrant, “ Exempted Issuance ” means the issuance of shares of Common Stock, preferred
stock or rights to acquire either of the foregoing by the Company at a purchase price per share equal or greater than the closing
sale price on the trading day immediately preceding the date of such issuance; provided that the aggregate number
of shares of Common Stock issued or issuable does not exceed 500,000 shares of Common Stock; and provided further that in
the event that (i) convertible preferred stock or rights to acquire convertible preferred stock is issued, the number of convertible
preferred stock issuable is that number of preferred stock that when converted would equate no more than 500,000 shares of Common
Stock and (ii) preferred stock is not convertible, then the number of shares of preferred stock issuable in order for such
issuance to be deemed an Exempted Issuance shall be determined by the Board in good faith.  .

 

    	55

    	 

    

c)

Subsequent Rights Offerings.  If
the Company, at any time while the Warrant is outstanding, shall issue rights, options or warrants to all holders of Common Stock
(and not to the Holder) entitling them to subscribe for or purchase shares of Common Stock at a price per share less than the VWAP
at the record date mentioned below, then the Exercise Price shall be multiplied by a fraction, of which (x) the denominator shall
be the number of shares of the Common Stock outstanding on the date of issuance of such rights or warrants plus the number
of additional shares of Common Stock offered for subscription or purchase, and (y) the numerator shall be the number of shares
of Common Stock outstanding on the date of issuance of such rights or warrants plus the number of shares which the aggregate
offering price of the total number of shares so offered (assuming receipt by the Company in full of all consideration payable upon
exercise of such rights, options or warrants) would purchase at such VWAP.  Such adjustment shall be made whenever such rights
or warrants are issued, and shall become effective immediately after the record date for the determination of stockholders entitled
to receive such rights, options or warrants.

 

d)

Pro Rata Distributions.  If the
Company, at any time prior to the Termination Date, shall distribute to all holders of Common Stock (and not to the Holder of this
Warrant) evidences of its indebtedness or assets (including cash and cash dividends) or rights or warrants to subscribe for or
purchase any security other than the Common Stock (which shall be subject to Section 3(b) hereof), then in each such case the Exercise
Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the record date fixed for determination
of stockholders entitled to receive such distribution by a fraction, of which the (x) denominator shall be the VWAP determined
as of the record date mentioned above, and (y) numerator shall be such VWAP on such record date less the then per share fair market
value at such record date of the portion of such assets or evidence of indebtedness so distributed applicable to one outstanding
share of Common Stock, as determined by the Board of Directors of the Company (the “ Board ”) in good faith.
 In either case, the adjustments shall be described in a statement provided to the Holder of the portion of assets or evidences
of indebtedness so distributed or such subscription rights applicable to one share of Common Stock.  Such adjustment shall
be made whenever any such distribution is made and shall become effective immediately after the record date mentioned above.

 

e)

Fundamental Transaction. If,
at any time while this Warrant is outstanding, (A) the Company effects any merger or consolidation of the Company with or into
another Person, (B) the Company effects any sale of all or substantially all of its assets in one or a series of related transactions,
(C) any tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders of Common
Stock are permitted to tender or exchange their shares for other securities, cash or property, or (D) the Company effects any
reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted
into or exchanged for other securities, cash or property (in any such case, a “ Fundamental Transaction ”),
then, upon any subsequent exercise of this Warrant, the

 

    	56

    	 

    

 

Holder shall have the right to receive, for
each Warrant Share that would have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction,
at the option of the Holder, (i) upon exercise of this Warrant, the number of shares of Common Stock of the successor or acquiring
corporation or of the Company, if it is the surviving corporation, and any additional consideration (the “ Alternate Consideration
”) receivable upon or as a result of such reorganization, reclassification, merger, consolidation or disposition of assets
by the Holder of the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such event or
(ii) if the Company is acquired in an all-cash transaction, cash equal to the value of this Warrant as determined in accordance
with the Black-Scholes option pricing formula.  For purposes of any such exercise, the determination of the Exercise Price
shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable
in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price among
the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration.
 If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction,
then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant
following such Fundamental Transaction.  To the extent necessary to effectuate the foregoing provisions, any successor to
the Company or surviving entity in such Fundamental Transaction shall issue to the Holder a new warrant consistent with the foregoing
provisions and evidencing the Holder’s right to exercise such warrant into Alternate Consideration. The terms of any agreement
pursuant to which a Fundamental Transaction is effected shall include terms requiring any such successor or surviving entity to
comply with the provisions of this Section 3(e) and insuring that this Warrant (or any such replacement security) will be similarly
adjusted upon any subsequent transaction analogous to a Fundamental Transaction.

f)

Calculations. All calculations under
this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be. For purposes of this Section
3, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall be the sum of the number of
shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

g)

Voluntary Adjustment By Company. The
Company may at any time during the term of this Warrant reduce the then current Exercise Price to any amount and for any period
of time deemed appropriate by the Board.

 

h)

Notice to Holder.  

 

i.

Adjustment to Exercise Price. Whenever
the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly mail to the Holder a notice
setting forth the Exercise Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.
If the Company issues a variable rate security, the Company shall be deemed to have issued Common Stock or Common

 

Stock Equivalents at the lowest possible conversion
or exercise price at which such securities may be converted or exercised in the case of any transaction in which securities are
issued at a variable price.

 

    	57

    	 

    

 

ii.

Notice to Allow Exercise by Holder.
If (A) the Company shall declare a dividend (or any other distribution in whatever form) on the Common Stock; (B) the Company shall
declare a special nonrecurring cash dividend on or a redemption of the Common Stock; (C) the Company shall authorize the granting
to all holders of the Common Stock rights or warrants to subscribe for or purchase any shares of capital stock of any class or
of any rights; (D) the approval of any stockholders of the Company shall be required in connection with any reclassification of
the Common Stock, any consolidation or merger to which the Company is a party, any sale or transfer of all or substantially all
of the assets of the Company, or any compulsory share exchange whereby the Common Stock is converted into other securities, cash
or property; (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs
of the Company; then, in each case, the Company shall cause to be mailed to the Holder at its last address as it shall appear upon
the Warrant Register (as defined herein) of the Company, at least twenty (20) calendar days prior to the applicable record or effective
date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution,
redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common Stock of record
to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined or (y) the date on which such
reclassification, consolidation, merger, sale, transfer or share exchange is expected to become effective or close, and the date
as of which it is expected that holders of the Common Stock of record shall be entitled to exchange their shares of the Common
Stock for securities, cash or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or share
exchange; provided that the failure to mail such notice or any defect therein or in the mailing thereof shall not
affect the validity of the corporate action required to be specified in such notice.  The Holder is entitled to exercise this
Warrant during the foregoing twenty (20) day period commencing on the date of such notice to the effective date of the event triggering
such notice.

 

Section 4.

Transfer of Warrant.

 

a)

Transferability.
 Subject to compliance with any applicable securities laws and the conditions set forth in Section 4(d) hereof, this Warrant
and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon surrender
of this Warrant at the principal office of the Company or its designated agent, together with a written assignment of this Warrant
substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any
transfer taxes payable upon the making of such transfer.  Upon such surrender and, if required, such payment, the Company
shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees and in the denomination or denominations
specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant
not so assigned, and this Warrant shall promptly be cancelled.  A Warrant, if properly assigned, may be exercised by a new
holder for the purchase of Warrant Shares without having a new Warrant issued.  

 

b)

New Warrants. This Warrant may be divided
or combined with other Warrants upon presentation hereof at the aforesaid office of the Company, together with a written notice
specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney.  Subject
to compliance with Section 4(a) hereof, as to any transfer which may be involved in such division or combination, the Company shall
execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with
such notice; provided the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse
it for any transfer tax incidental thereto

    	58

    	 

    

 

c)

Warrant Register. The Company shall
register this Warrant, upon records to be maintained by the Company for that purpose (the “ Warrant Register ”),
in the name of the record Holder hereof from time to time.  The Company may deem and treat the registered Holder of this Warrant
as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes,
absent actual written notice to the contrary.

 

d)

Transfer Restrictions. If , at the
time of the surrender of this Warrant in connection with any transfer of this Warrant, the transfer of this Warrant shall not
be registered pursuant to an effective Registration Statement under the Securities Act and under applicable state securities or
blue sky laws, the Company may require, as a condition of allowing such transfer, (i) that the Holder or transferee of this Warrant,
as the case may be, furnish to the Company a written opinion of counsel (which opinion shall be in form, substance and scope customary
for opinions of counsel in comparable transactions) to the effect that such transfer may be made without registration under the
Securities Act and under applicable state securities or blue sky laws, (ii) that the holder or transferee execute and deliver
to the Company an investment letter in form and substance acceptable to the Company and (iii) that the transferee be an “accredited
investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7), or (a)(8) promulgated under the Securities Act or a “qualified
institutional buyer” as defined in Rule 144A(a) under the Securities Act.

 

Section 5.

Miscellaneous.

 

a)

No Rights as Shareholder Until Exercise.
 This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder of the Company prior to the
exercise hereof as set forth in Section 2(e)(ii) hereof.  

 

b)

Loss, Theft,
Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant Shares,
and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of the Warrant,
shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate, if mutilated,
the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of
such Warrant or stock certificate.

 

c)

Saturdays, Sundays, Holidays, etc.  If
the last or appointed calendar day for the taking of any action or the expiration of any right required or granted herein shall
be a day other than a Saturday, Sunday, national holiday or New York State holiday (such day, a “ Business Day ”),
then such action may be taken or such right may be exercised on the next succeeding Business Day.

 

    	59

    	 

    

 

d)

Authorized Shares.  

 

The Company covenants that during the period
the Warrant is outstanding, it will reserve from its authorized and unissued shares of Common Stock a sufficient number of shares
to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant.  The Company
further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged with the duty
of executing stock certificates to execute and issue the necessary certificates for the Warrant Shares upon the exercise of the
purchase rights under this Warrant.  The Company will take all such reasonable action as may be necessary to assure that such
Warrant Shares may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of
the trading market or quotation system, as the case may be, upon which the Common Stock may be listed or quoted, respectively.
 

 

Except and to
the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending
its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or
sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this
Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions
as may be necessary or appropriate to protect the rights of the Holder as set forth in this Warrant against impairment.  Without
limiting the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount
payable therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be necessary
or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise
of this Warrant and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any
public regulatory body having jurisdiction thereof as may be necessary to enable the Company to perform its obligations under this
Warrant. Before taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant
is exercisable or in the Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto,
as may be necessary from any public regulatory body or bodies having jurisdiction thereof.

 

e)

Jurisdiction. All questions concerning
the construction, validity, enforcement and interpretation of this Warrant shall be determined in accordance with the provisions
of the Note.

 

f)

Restrictions.  The Holder acknowledges
that the Warrant Shares acquired upon the exercise of this Warrant, if not registered, will have restrictions upon resale imposed
by state and federal securities laws.

 

g)

Nonwaiver and Expenses.  No course
of dealing or any delay or failure to exercise any right hereunder on the part of the Holder shall operate as a waiver of such
right or otherwise prejudice Holder’s rights, powers or remedies.  If the Company willfully and knowingly fails to comply
with any provision of this Warrant, which results in any material damages to the Holder, the Company shall pay to Holder such amounts
as shall be sufficient to cover any costs and expenses, including, but not limited to, reasonable attorneys’ fees, including
those of appellate proceedings, incurred by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing
any of its rights, powers or remedies hereunder.

 

    	60

    	 

    

 

h)

Notices.  Any notice, request or
other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with
the notice provisions of the Note.

 

i)

Limitation of Liability.  No provision
hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration
herein of the rights or privileges of the Holder, shall give rise to any liability of Holder for the purchase price of any Common
Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

 

j)

Remedies.  Holder, in addition
to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled to specific performance
of its rights under this Warrant.  The Company agrees that monetary damages would not be adequate compensation for any loss
incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert the defense
in any action for specific performance that a remedy at law would be adequate.

 

k)

Successors
and Assigns.  Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall
inure to the benefit of, and be binding upon, the successors of the Company and the successors, permitted assigns, heirs, executors
or representatives, as applicable, of the Holder.  The provisions of this Warrant are intended to be for the benefit
of all holders from time to time of this Warrant and shall be enforceable by the Holder or any such holder of Warrant Shares.

 

l)

Amendment.  This Warrant may be
modified or amended, or the provisions hereof waived, with the written consent of the Company and the Holder.

 

m)

Severability.  Wherever possible,
each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable law, but if any
provision of this Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent
of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions of this Warrant.

 

n)

Headings.  The headings used in
this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of this Warrant.

 

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IN WITNESS WHEREOF, the Company has caused
this Warrant to be executed by its officer thereunto duly authorized as of the date first above indicated.

 

	GoENERGY, INC.	 

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

    	62

    	 

    

 

NOTICE OF EXERCISE

 

TO:

GoENERGY, INC.

 

(1)

The undersigned hereby elects to purchase ________
Warrant Shares of the Company pursuant to the terms of the attached Warrant (only if exercised in full), and tenders herewith payment
of the Exercise Price in full, together with all applicable transfer taxes, if any.

 

(2)

Payment shall take the form of (check applicable
box):

 

 ̈
lawful money of the United States; or

 

 ̈
if permitted, the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in Section
2(c) of the Warrant, to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the
cashless exercise procedure set forth in subsection 2(c) hereof.

 

(3)

Please issue a certificate or certificates
representing said Warrant Shares in the name of the undersigned or in such other name as is specified below:

_______________________________

 

The Warrant Shares shall be delivered to the
following DWAC Account Number or by physical delivery of a certificate to:

_______________________________

 

_______________________________

 

_______________________________

 

(4)  Accredited Investor.  The
undersigned is an “accredited investor,” as defined in Regulation D promulgated under the Securities Act.

 

[SIGNATURE OF HOLDER]

	 
	Name of Investing
	Entity:	 	 
	Signature of Authorized
	Signatory of Investing Entity :	 	 
	Name of Authorized
	Signatory:	 	 
	Title of Authorized
	Signatory:	 	 
	Date:	 	 
	 	 	 	 	 	 	 

 

    	63

    	 

    

 

ASSIGNMENT FORM

 

(To assign the foregoing warrant, execute

this form and supply required
information.

Do not use this form to
esxercise the warrant.)

 

FOR VALUE RECEIVED, [all of] or [_______] shares
of the foregoing Warrant and all rights evidenced thereby are hereby assigned to:

 

_______________________________________________
whose address is

 

_______________________________________________________________.

 

_______________________________________________________________

 

Dated:  ______________, _______

 

Holder’s Signature:

_____________________________

 

Holder’s Address:

_____________________________

 

_____________________________

 

Signature Guaranteed:  ___________________________________________

 

NOTE:  The signature to this Assignment
Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatsoever,
and must be guaranteed by a bank or trust company.  Officers of corporations and those acting in a fiduciary or other representative
capacity should file proper evidence of authority to assign the foregoing Warrant.

 

    	64

    	 

    

  

EXHIBIT A

 

CONVERTIBLE DEMAND PROMISSORY NOTE

 

See attached.

 

    	65

    	 

    

  

THIS NOTE HAS NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “ SECURITIES ACT ”), OR ANY APPLICABLE STATE SECURITIES LAWS.  THIS
NOTE HAS BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND NOT WITH A VIEW FOR DISTRIBUTION OR RESALE, AND MAY NOT BE SOLD, OFFERED
FOR SALE, PLEDGED OR HYPOTHECATED UNLESS IT HAS BEEN SO REGISTERED OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

 

CONVERTIBLE DEMAND PROMISSORY NOTE

 

Principal Amount:  $

Issue Date:  November 5, 2010

 

FOR VALUE RECEIVED, the undersigned,
GoEnergy, Inc., a Delaware corporation (the “ Borrower ” or the “ Company ”),
hereby promises to pay to the order of __________________ (together with its successors and assigns, and any such bearer,
being hereinafter referred to collectively as the “ Holder ”), on demand (the date of such demand is
hereinafter referred to the “ Maturity Date ”), the principal sum of ________________________ ($_________)
(this “ Note ”), together with interest thereon at the rate set forth herein (the “ Loan
”), unless it is converted hereunder.  For purposes of this Note, “ Borrowe r ” shall
mean all successors in interest and assignees, including, without limitation, pursuant to a merger, consolidation, reorganization,
recapitalization or other similar restructuring event (collectively, a “ Reorganization ”), and all endorsers,
sureties and guarantors and any other person liable or to become liable with respect to the Loan.  

 

1.

Interest Rate.

 

Interest on the unpaid principal balance of
this Note shall accrue from the date hereof until the Note is fully repaid at a rate of 8% per annum.  The Borrower shall
pay the Holder all accrued interest on the Maturity Date.  In the event of Debtor’s default hereunder, interest on
amounts past due pursuant to this Note shall be paid at a rate of eighteen percent (18%) per annum.  Interest shall be computed
on the basis of a 360-day year and compounded.

 

2.

Conversion.  

 

2.1

Voluntary Conversion.  Unless sooner
converted pursuant to Section 2.2 hereof, commencing sixty (60) calendar days after the issue date of this Note, the Holder may
convert any portion of this Note that is outstanding, whether such portion represents principal or interest, into shares of common
stock of the Company (the “ Conversion Shares ”) at a price equal to $0.40 (the “ Conversion
Price ”).  The Holder shall submit a notice of conversion in the form attached to as Exhibit A (the “
Notice of Conversion ”) to the Company indicating the amount of the Note being converted, the number of shares issuable
upon such conversion, and where the Conversion Shares should be delivered.  The Company must deliver the Conversion Shares
to the Holder no later than the third (3 rd ) business day after the date that Holder submits the Notice of Conversion
to the Company (such third business day is hereinafter referred to as the “ Share Delivery Date ”).

 

2.2

Mandatory Conversion.  If the Company
undertakes a Qualified Offering (as defined below) prior to the Maturity Date, the Company shall deliver to the Holder a notice
(the “ Offering Notice ”) stating the price and other terms and conditions thereof not later than five
(5) business days prior to the closing date of the Qualified Offering.  Upon the closing of the Qualified Offering, the principal
amount and interest of this Note will automatically be converted into an amount of securities that are identical to the securities
offered in the Qualified Offering (e.g., same class or series and having the same rights and privileges), equal to one hundred
percent (100%) of the principal amount and interest.  For purposes of this Note, a “ Qualified Offering
” means a private placement offering by the Company of an aggregate amount of six hundred thousand dollars ($600,000) or
more.   

 

3.

Holder’s Conversion Limitations.
 (a)  The Company shall not effect any conversion of this Note, and the Holder shall not have the right to convert any
portion of this Note, to the extent that after giving

 

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effect to the conversion set forth on the applicable
Notice of Conversion submitted by the Holder, the Holder (together with the Holder’s Affiliates (as defined below) and any
Persons (as defined below) acting as a group together with the Holder or any of the Holder’s Affiliates) would beneficially
own in excess of the Beneficial Ownership Limitation (as defined below).  For purposes of the foregoing sentence, the number
of shares of common stock beneficially owned by the Holder and its Affiliates shall include the number of shares of common stock
issuable upon conversion of this Note with respect to which such determination is being made, but shall exclude the number of shares
of common stock which are issuable upon (i) conversion of the remaining, unconverted principal amount and interest of this Note
beneficially owned by the Holder or any of its Affiliates and (ii) exercise or conversion of the unexercised or unconverted portion
of any other securities of the Company subject to a limitation on conversion or exercise analogous to the limitation contained
herein (including, without limitation, any other convertible securities or warrants) beneficially owned by the Holder or any of
its Affiliates.  Except as set forth in the preceding sentence, for purposes of this Section 3, beneficial ownership shall
be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1933, as amended (the “ Exchange Act
”), and the rules and regulations promulgated thereunder.  To the extent that the limitation contained in this Section
3 applies, the determination of whether this Note is convertible (in relation to other securities owned by the Holder together
with any Affiliates) and of which principal amount and/or interest of this Note is convertible shall be in the sole discretion
of the Holder, and the submission of a Notice of Conversion shall be deemed to be the Holder’s determination of whether this
Note may be converted (in relation to other securities owned by the Holder together with any Affiliates) and which principal amount
and interest of this Note is convertible, in each case subject to the Beneficial Ownership Limitation. To ensure compliance with
this restriction, the Holder will be deemed to represent to the Company each time it delivers a Notice of Conversion that such
Notice of Conversion has not violated the restrictions set forth in this Section 3 and the Company shall have no obligation to
verify or confirm the accuracy of such determination.  In addition, a determination as to any group status as contemplated
above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder.
 For purposes of this Section 3, in determining the number of outstanding shares of common stock, the Holder may rely on the
number of outstanding shares of common stock as stated in the most recent of the following: (i) the Company’s most recent
periodic or annual report, as the case may be, filed with the Securities and Exchange Commission (the “ Commission
”), (ii) a more recent public announcement by the Company or (iii) a more recent written notice by the Company or the Company’s
transfer agent setting forth the number of shares of common stock outstanding.  Upon the written or oral request of the Holder,
the Company shall within two (2) trading days confirm orally and in writing to the Holder the number of shares of common stock
then outstanding.  In any case, the number of outstanding shares of common stock shall be determined after giving effect to
the conversion or exercise of securities of the Company, including this Note, by the Holder or its Affiliates since the date as
of which such number of outstanding shares of common stock was reported.

(b)

For purposes of this Note, the “Beneficial
Ownership Limitation” shall be 9.99% of the number of shares of common stock outstanding immediately after giving
effect to the issuance of shares of common stock issuable upon conversion of this Note.  The Beneficial Ownership Limitation
provisions of this Section 3 may be waived by the Holder, at the election of the Holder, upon not less than sixty one (61) calendar
days’ prior written notice to the Company.  The provisions of this paragraph shall be construed and implemented in a
manner otherwise than in strict conformity with the terms of this Section 3 to correct this paragraph (or any portion hereof) which
may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements
necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a
successor holder of this Note.

 

(c)

For purposes
of this Note, “Affiliate” means, with respect to any Person, any other Person controlling, controlled by or
under common control with such Person.  The term “ Control ” as used in the preceding sentence means,
with respect to a corporation, the right to exercise, directly or indirectly, more than 50% of the voting rights attributable to
the shares of the controlled corporation and, with respect to any Person other than a corporation, the possession, directly or
indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether by contract or
otherwise.  The term “ Person ” means any individual, partnership, corporation, association,
joint stock company, trust, joint venture, unincorporated organization or governmental entity (or any department, agency or political
subdivision thereof) or other entity.

 

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4.

Acknowledgement by the Holder.  The
Holder hereby represents and warrants to the Borrower that the Holder has sufficient knowledge and experience of financial and
business matters so that the Holder is able to evaluate the merits and risks of purchasing this Note and the Holder has had substantial
experience in previous private and public purchases of securities.  The Holder is an “accredited investor” as
that term is defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended (the “ Securities Act
”).

 

5.

Anti-dilution Adjustment.  If
at any time this Note is outstanding, the Company issues common stock or securities convertible into or exercisable for common
stock at a price per share that is lower than the Conversion Price (a “ Dilutive Issuance ”), or adjusts
the price per share at which any of its outstanding securities can be converted into or exercised for common stock to a price
that is lower than the Conversion Price (a “ Dilutive Adjustment ”), the Conversion Price shall automatically
be adjusted to equal the lower price granted in such Dilutive Issuance or Dilutive Adjustment, as applicable (the “
Adjusted Conversion Price ”).  The Company must provide written notice to the Holder of a Dilutive Issuance
or a Dilutive Adjustment, as applicable (the “ Adjustment Notice ”) within three (3) trading days of
such occurrence, provided , however , that the Adjusted Conversion Price shall be deemed to be in effect
automatically upon any Dilutive Issuance or Dilutive Adjustment regardless of whether the Company provides the Adjustment Notice.
The Company must honor any conversions requested by the Holder at the Adjusted Conversion Price following any Dilutive Issuance
or Dilutive Adjustment, as applicable.

 

6.

Piggyback Registration Rights.  If
at any time this Note is outstanding, the Company files a registration statement (the “ Registration Statement
”) with the Commission, the Company must include the shares underlying this Note in such Registration Statement.  The
Company shall notify the Holder in writing of its intent to file such Registration Statement at least thirty (30) calendar days
prior to the filing of the Registration Statement and provide the Holder an opportunity to review and comment on such Registration
Statement.

 

7.

Event of Default.  Any of the following
shall constitute an “Event of Default” under this Note, and shall give rise to the remedies provided
in Section 8 herein:

 

(a)

The failure by the Borrower to pay any amounts
due under this Note, as contemplated in Section 1 hereof;

 

(b)

The failure by the Borrower to deliver the
Conversion Shares by the Share Delivery Date, as contemplated in Section 2 hereof;

 

(c)

The failure by the Borrower to provide the
Adjustment Notice or honor conversions at the Adjusted Conversion Price following a Dilutive Issuance or Dilutive Adjustment, as
applicable, as contemplated in Section 5 hereof;

 

(d)

The failure by the Borrower to timely file
and keep current periodic reports with the Commission;

 

(e)

If the Borrower:
 (i) makes a general assignment for the benefit of creditors; (ii) is adjudicated a bankrupt or insolvent; (iii) files
a voluntary petition in bankruptcy; (iv) takes advantage, as against its creditors, of any bankruptcy law or statute of the United
States of America or any state or subdivision thereof now or hereafter in effect; (v) has a petition or proceeding filed against
it under any provision of any bankruptcy or insolvency law or statute of the United States of America or any state or subdivision
thereof, which petition or proceeding is not dismissed within thirty (30) calendar days after the date of the commencement
thereof; (vi) has a receiver, liquidator, trustee, custodian, conservator, sequestrator or other such person appointed by
any court to take charge of its affairs or assets or business and such appointment is not vacated or discharged within thirty (30)
calendar days thereafter; or (vii) takes any action in furtherance of any of the foregoing;

 

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(f)

Any merger, liquidation, dissolution or winding
up of the Borrower or its business or any sale of all or substantially all of the Borrower’s capital stock or assets;
provided , however , the merger or sale of the Borrower with a successor entity that acknowledges and expressly
assumes in writing the Borrower’s obligations hereunder shall not be considered an “Event of Default” for purposes
hereof; or

 

(g)

The Borrower attempts to effectuate or effectuates
a reverse stock split of its common stock without first obtaining the prior written consent of the Holder.

 

8.

Remedies on Default.  If any Event
of Default shall occur and be continuing for a period of seven (7) calendar days, the Holder shall, in addition to any and all
other available rights and remedies, have the right, at the Holder’s option unless such Event of Default shall have been
cured or waived in writing by the Holder (which waiver shall not be deemed to be a waiver of a subsequent default), to:  (a)
declare the entire unpaid principal balance of this Note, together with all interest accrued thereon and all other sums due by
the Borrower hereunder (the “ Default Amount ”); and (b) pursue any and all available remedies for the
collection of such principal and interest to enforce its rights as described herein; and in such case the Holder may also recover
all costs of suit and other expenses in connection therewith, including reasonable attorney’s fees, for collection and the
right to equitable relief (including, but not limited to, injunctions) to enforce the Holder’s rights as set forth herein.

 

9.

Certain Waivers.  Except as otherwise
expressly provided in this Note, the Borrower hereby waives diligence, demand, presentment for payment, protest, dishonor, nonpayment
and default with respect to the indebtedness evidenced hereby.  The Borrower hereby expressly agrees that this Note, or any
payment hereunder, may be extended, modified or subordinated (by forbearance or otherwise) from time to time, without in any way
affecting the liability of the Borrower.

 

10.

Waivers and Amendments; Cumulative Remedies.
 Neither any provision of this Note nor any performance hereunder may be waived orally, but only by an agreement in writing
and signed by the party against whom enforcement of any waiver or discharge is sought.  No right or remedy conferred upon
the parties under this Note is intended to be exclusive of any other right or remedy contained herein or in any instrument or
document delivered in connection herewith, and every such right or remedy shall be cumulative and shall be in addition to every
other such right or remedy contained herein and/or now or hereafter existing at law or in equity or otherwise.

 

11.

Governing Law.  This Note shall
be deemed to be a contract made under the laws of the State of New York and shall be governed by, and construed in accordance with,
the laws of the State of New York, without giving effect to the principles of conflicts of law thereof.  If either party hereto
shall commence an action or proceeding to enforce any provision of this Note, then the prevailing party in such action or proceeding
shall be reimbursed by the other party for its reasonable attorneys’ fees and other costs and expenses incurred with the
investigation, preparation and prosecution of such action or proceeding.

 

12.

Consent to
Jurisdiction and Service of Process.  The Borrower by execution, and the Holder by acceptance, hereby each consent to
the jurisdiction of any federal district court or state court in the State of New York having competent jurisdiction.  The
Borrower waives personal service of any summons, complaint or other process in connection with any such action or proceeding and
agrees that service thereof may be made as the Holder may elect, by certified mail directed to the Borrower at the location
provided for in Section 14 hereof, or, in the alternative, in any other form or manner permitted by law.

 

13.

Additional Documents.  From time
to time the Holder will execute and deliver to the Borrower such additional instruments as the Borrower may reasonably request
to effectuate the purposes of this Note.

 

    	69

    	 

    
 

14.

Notices.  All notices and other
communications required or permitted hereunder shall be in writing and shall be mailed by United States first-class mail, postage
prepaid, or delivered personally by hand or by nationally recognized overnight courier, or sent via facsimile addressed to:

 

If to the Borrower:

 

	GoEnergy, Inc.
	Attn: Terry Fields
	3960 Howard Hughes Parkway, Suite 500
	Las Vegas , Nevada 89161
	E-mail: terryfields7@aol.com
	 
	If to the Holder:

Facsimile:

 

or at such other address as shall have been furnished to the other
party in writing in accordance with this Section 14.  All such notices and other written communications shall be effective:
 (a) if mailed, five (5) calendar days after mailing; (b) if delivered, upon delivery; and (c) if sent via facsimile, upon
confirmation of receipt.  

 

15.

Wiring Instructions.  Any amount
wired to the Borrower hereunder shall be wired in accordance with the following wiring instructions:

 

	Bank Name:
	J.P. Morgan Chase
	Bank Address:
	Pico Roxbury Financial Center
	9800 West Pico Blvd.
	Los Angeles CA 90035            
	Account Name:
	GoEnergy, Inc
	Account Number:
	845003375
	Routing number:
	              ABA# 322271627

  

16.

Severability.  If any provision
of this Note is prohibited or unenforceable in any jurisdiction, it shall be ineffective in such jurisdiction only to the extent
of such prohibition or unenforceability, and such prohibition or unenforceability shall not invalidate the balance of such provision
to the extent it is not prohibited or unenforceable nor the remaining provisions hereof, nor render unenforceable such provision
in any other jurisdiction.

 

17.

Assignment.  This Note shall inure
to the benefit of, and shall be binding upon, the Borrower and the Holder and their respective successors and permitted assigns.
 Neither party hereto may assign any of its rights or obligations hereunder without the prior written consent of the other
party.

 

    	70

    	 

    

 

18.

Counterparts.  This Agreement may
be executed in any number of counterparts, each of which shall be deemed an original, and all of which together shall constitute
one and the same instrument.  A facsimile signature of any party hereto shall be considered to have the same binding legal
effect as an original signature.

 

19.

No Stockholder Rights.  Nothing
contained in this Note shall be construed as conferring upon the Holder or any other Person the right to vote or to consent or
to receive notice as a stockholder in respect of meeting of stockholders for the election of directors of the Borrower or any
other matters or any rights whatsoever as a stockholder of the Borrower; and no dividends shall be payable or accrued in respect
of this Note.

 

20.

JURY WAIVER.  THE BORROWER BY EXECUTION,
AND THE HOLDER BY ACCEPTANCE, HEREOF EACH CONSENT THAT IN ANY CIVIL ACTION, COUNTERCLAIM, OR PROCEEDING, WHETHER AT LAW OR IN EQUITY,
WHICH ARISES OUT OF, CONCERNS, OR RELATES TO THIS NOTE, ANY AND ALL TRANSACTIONS CONTEMPLATED BY THIS NOTE, THE PERFORMANCE OF
THIS NOTE, OR THE RELATIONSHIP CREATED BY THIS NOTE, WHETHER SOUNDING IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE, TRIAL
SHALL BE TO A COURT OF COMPETENT JURISDICTION AND NOT TO A JURY.  EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY.  ANY PARTY MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS NOTE WITH ANY COURT, AS WRITTEN EVIDENCE
OF THE CONSENT OF THE PARTIES TO THIS NOTE OF THE WAIVER OF THEIR RIGHT TO A TRIAL BY JURY.

 

[SIGNATURE PAGE TO FOLLOW]

 

6

 

    	71

    	 

    

 

IN WITNESS WHEREOF, the undersigned
has executed and delivered this Note on and as of the date first set forth above.

 

GoEnergy, Inc., a Delaware corporation, as Borrower

 

	By:
	Name: Terry Fields
	Title:  Principal Executive Officer

  

    	72

    	 

    

EXHIBIT A

 

NOTICE OF CONVERSION

 

The undersigned hereby elects to convert principal
and/or interest under the Convertible Demand Promissory Note (the “ Note ”) of GoEnergy, Inc., a Delaware corporation
(the “ Company ”), due upon demand if not previously repaid by the Company or converted into shares of common
stock, par value $.0001 per share (the “ Common Shares ”), of the Company in accordance with the conditions
of the Note, as of the date written below.  If the Common Shares are to be issued in the name of a person other than the undersigned,
the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions
as reasonably requested by the Company in accordance therewith. No fee will be charged to the holder for any conversion, except
for such transfer taxes, if any.

 

By the delivery of this Notice of Conversion,
the undersigned represents and warrants to the Company that its ownership of the Common Shares does not exceed the amounts determined
in accordance with Section 13(d) of the Exchange Act specified under Section 3 of the Note.

 

Conversion calculations

 

Date of Effect  of Conversion:_______________________

 

Principal Amount and/or Interest to be Converted:__________________________________

 

Number of Common Shares to be Issued:______________

 

Signature: ___________________

 

Print Name: __________________

 

Address:______________________

 

__________________________

 

    	73

    	 

    

EXHIBIT E

 

See revised Super 8-K/A.

 

    	1

    	 

    

EXHIBIT F

 

FORM OF LEGAL OPINION

 

November ____, 2010

 

TO:       The Subscribers identified on Schedule A
hereto:

 

We have acted as special counsel to GoEnergy,
Inc., a Delaware corporation (the “Company”), in connection with the offer and sale by the Company of the Company’s
Series A Preferred Stock and Series A Warrants, for the aggregate Purchase Price of $[1,500,000] [2,100,000]
to the subscribers identified on Schedule A hereto (each a “Subscriber” and together, the “Subscribers”)
in the amounts designated thereon pursuant to the exemption from registration under the Securities Act of 1933, as amended (the
“Act”) as set forth in Regulation D (“Regulation D”) promulgated thereunder. Capitalized terms used herein
and not otherwise defined shall have the meaning assigned to them in that certain subscription agreement (the “Agreement”)
by and between the Company and the Subscribers entered into at or about the date hereof. The Agreement and the agreements described
below are sometimes hereinafter referred to collectively as the “Documents”.

 

In connection with the opinions expressed herein,
we have made such examination of law as we considered appropriate or advisable for purposes hereof. As to matters of fact material
to the opinions expressed herein, we have relied, with your permission, upon the representations and warranties as to factual matters
contained in and made by the Company and the Subscriber pursuant to the Documents and upon certificates and statements of certain
government officials and of officers of the Company as described below. We have also examined originals or copies of certain corporate
documents or records of the Company as described below:

 

	(a) 		Bylaws of the Company;          

	(b) 		Certificate of Incorporation of the Company; 

	(c) 		Certificate to Set Forth Designations, Voting Powers, Preferences, Limitations, Restrictions,
and Relative Rights of Series A Cumulative Convertible Preferred Stock, $.0001 Par Value Per Share;        

	(d) 		Escrow Agreement;                        

	(e) 		Form of Agreement;    

	(f) 		Form of Series A Common Stock Purchase Warrant (the “Warrants”); and   

	(g) 		Minutes of the action of the Company’s Board of Directors (the “Board”)
or unanimous written consent of the Board approving the Documents, a copy of which is annexed hereto.   

In rendering this opinion, we have, with your
permission, assumed: (a) the authenticity of all documents submitted to us as originals; (b) the conformity to the originals of
all documents submitted to us as copies; (c) the genuineness of all signatures; (d) the legal capacity of natural persons; (e)
the truth, accuracy and completeness of the information, factual matters, representations and warranties contained in all of such
documents; (f) the due authorization, execution and delivery of all such documents by the Subscribers, and the legal, valid and
binding effect thereof on the Subscribers; and (g) that the Company and the Subscribers will act in accordance with their respective
representations and warranties as set forth in the Documents.

 

    	1

    	 

    

We are members of the bar of the State of New
York. We express no opinion as to the laws of any jurisdiction other than New York and New Jersey and the federal laws of the United
States of America. We express no opinion with respect to the effect or application of any other laws. Special rulings of authorities
administering any of such laws or opinions of other counsel have not been sought or obtained by us in connection with rendering
the opinions expressed herein.

 

1.The Company and each Subsidiary is duly
incorporated, validly existing and in good standing in the jurisdictions of their respective formation; have qualified to do business
in each state and jurisdiction where required, unless the failure to do so would not have a Material Adverse Effect on their operations;
and have the requisite corporate power and authority to conduct their respective businesses, and to own, lease and operate their
respective properties.

 

2.The Company and each Subsidiary has the
requisite corporate power and authority to execute, deliver and perform its respective obligations under the Documents. The Documents,
and the issuance of the Preferred Stock and Warrants on the Closing Date and the reservation and issuance of Conversion Shares
and Warrant Shares have been (a) duly approved by the Board, as required, and (b) all of the foregoing, when issued pursuant to
the Agreement and upon delivery, shall be validly issued and outstanding, fully paid and non assessable.

 

3.The execution, delivery and performance
of the Documents by the Company and the consummation of the transactions contemplated thereby, will not, with or without the giving
of notice or the passage of time or both Violate the provisions of the Certificate of Incorporation or bylaws of the Company or
any Subsidiary.

 

4.The Documents constitute the valid and
legally binding obligations of the Company and are enforceable against the Company in accordance with their respective terms.

 

5.The Preferred Stock, Warrants, Conversion
Shares and Warrant Shares have not been registered under the Securities Act of 1933, as amended (the “Act”) or under
the laws of any state or other jurisdiction, and are or will be issued pursuant to a valid exemption from registration.

 

6.The Company and each
Subsidiary has either obtained the approval of the transactions described in the Documents from its Principal Market, if applicable,
and shareholders, or no such approval is required.

 

Our opinions expressed above are specifically
subject to the following limitations, exceptions, qualifications and assumptions:

 

A.The effect of bankruptcy, insolvency,
reorganization, moratorium and other similar laws relating to or affecting the relief of debtors or the rights and remedies of
creditors generally, including, without limitation, the effect of statutory or other law regarding fraudulent conveyances and preferential
transfers.

 

B.Limitations imposed by state law, federal
law or general equitable principles upon the specific enforceability of any of the remedies, covenants or other provisions of any
applicable agreement and upon the availability of injunctive relief or other equitable remedies, regardless of whether enforcement
of any such agreement is considered in a proceeding in equity or at law.

 

C.This opinion letter is governed by, and
shall be interpreted in accordance with, the Legal Opinion Accord (the “Accord”) of the ABA Section of Business Law
(1991), which is incorporated by reference herein. As a consequence, it is subject to a number of qualifications, exceptions, definitions,
limitations on coverage and other limitations, all as more particularly described in the Accord, including the General Qualifications
and the Equitable Principles Limitation, and this opinion letter should be read in conjunction therewith.

 

    	2

    	 

    

 

 

This opinion is rendered as of the date first
written above is solely for your benefit in connection with the Agreement and may not be relied upon or used by, circulated, quoted,
or referred to nor may any copies hereof by delivered to any other person without our prior written consent. We disclaim any obligation
to update this opinion letter or to advise you of facts, circumstances, events or developments which hereafter may be brought to
our attention and which may alter, affect or modify the opinions expressed herein.

 

Very truly yours,

 

    	3

    	 

    

 

SCHEDULE A TO LEGAL OPINION

 

	SUBSCRIBER AND ADDRESS	 	PURCHASE PRICE	 	
        PREFERRED

        STOCK
	 	
        SERIES A

        WARRANTS

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

    	4

    	 

    

EXHIBIT G

 

FORM OF REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM

 

To the Board of Directors and Stockholders
of

 

Kick The Can Corp.

(A development stage company)

 

Studio City, California

 

We have audited the accompanying balance sheet
of Kick The Can Corp. (a development stage company) (the “Company”) as of September 30, 2010 and the related statements
of operations, stockholders’ equity and cash flows for the period from September 20, 2010 (inception) through September 30,
2010. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an
opinion on these financial statements based on our audit.

 

We conducted our audit in accordance with the
standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not
required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included
consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable
basis for our opinion.

 

In our opinion, the financial statements referred
to above present fairly, in all material respects, the financial position of the Company as of September 30, 2010 and the results
of its operations and its cash flows for the period from September 20, 2010 (inception) through September 30, 2010 in conformity
with accounting principles generally accepted in the United States of America.

 

The accompanying financial statements have
been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the
Company had a deficit accumulated during the development stage at September 30, 2010, and had a net loss for the period from September
20, 2010 (inception) through September 30, 2010, with no revenues earned since inception. These factors raise substantial doubt
about the Company’s ability to continue as a going concern. Management’s plans in regards to these matters are also
described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

  

    	1Converted by EDGARwiz

EXECUTION VERSION

Exhibit 10.1

AMENDED AND RESTATED CREDIT AGREEMENT

dated as of January 30, 2012

among

RUDDICK CORPORATION

as Borrower,

THE LENDERS PARTIES HERETO,

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent

 ____________________

WELLS FARGO SECURITIES, LLC,

as Co-Lead Arranger and Book Runner

BB&T CAPITAL MARKETS,

as Co-Lead Arranger

BRANCH BANKING AND TRUST COMPANY,

as Syndication Agent

and

JPMORGAN CHASE BANK, N.A.,

FARM CREDIT BANK OF TEXAS and

FIFTH THIRD BANK,

as Co-Documentation Agents
 

TABLE OF CONTENTS

			
	ARTICLE I

	DEFINITIONS

	1

	 
	 
	 

	Section 1.1

	Defined Terms.

	1

	Section 1.2

	Other Definitional Provisions.

	16

	Section 1.3

	Accounting Terms.

	17

	 
	 
	 

	ARTICLE II

	THE LOANS; AMOUNT AND TERMS

	17

	 
	 
	 

	Section 2.1

	The Credit Facilities.

	17

	Section 2.2

	Letter of Credit Subfacility.

	19

	Section 2.3

	Swingline Loan Subfacility.

	23

	Section 2.4

	Fees.

	25

	Section 2.5

	Reduction of the Revolving Commitments.

	26

	Section 2.6

	Minimum Borrowing Amounts and Principal Amounts of Tranches.

	26

	Section 2.7

	Prepayments.

	26

	Section 2.8

	Interest Payments; Default Interest; Interest Payment Dates.

	27

	Section 2.9

	Computation of Interest and Fees.

	28

	Section 2.10

	Conversion Options.

	29

	Section 2.11

	Pro Rata Treatment and Payments.

	30

	Section 2.12

	Non-Receipt of Funds by the Administrative Agent.

	31

	Section 2.13

	Inability to Determine Interest Rate.

	32

	Section 2.14

	Illegality.

	32

	Section 2.15

	Requirements of Law.

	33

	Section 2.16

	Indemnity.

	34

	Section 2.17

	Taxes.

	35

	Section 2.18

	Waiver of Notice.

	38

	Section 2.19

	Defaulting Lenders.

	39

	Section 2.20

	[Intentionally Left Blank.]

	41

	Section 2.21

	Indemnification; Nature of Issuing Lender’s Duties.

	41

	Section 2.22

	Additional Loans.

	43

	Section 2.23

	Extension of Termination Date.

	44

	 
	 
	 

	ARTICLE III

	REPRESENTATIONS AND WARRANTIES

	45

	 
	 
	 

	ARTICLE IV

	CONDITIONS PRECEDENT

	47

	 
	 
	 

	Section 4.1

	Conditions to Closing Date and Initial Loans.

	47

	Section 4.2

	Conditions to All Extensions of Credit.

	48

	 
	 
	 

	ARTICLE V

	AFFIRMATIVE COVENANTS

	49

	 
	 
	 

	ARTICLE VI

	NEGATIVE COVENANTS

	51

i

			
	ARTICLE VII

	EVENTS OF DEFAULT

	55

	 
	 
	 

	Section 7.1

	Events of Default.

	55

	Section 7.2

	Acceleration; Remedies.

	56

	 
	 
	 

	ARTICLE VIII

	THE AGENT

	57

	 
	 
	 

	Section 8.1

	Appointment.

	57

	Section 8.2

	Delegation of Duties.

	57

	Section 8.3

	Exculpatory Provisions.

	57

	Section 8.4

	Reliance by Administrative Agent.

	58

	Section 8.5

	Notice of Default.

	58

	Section 8.6

	Non-Reliance on Administrative Agent and Other Lenders.

	58

	Section 8.7

	Indemnification.

	59

	Section 8.8

	Administrative Agent in Its Individual Capacity.

	59

	Section 8.9

	Successor Administrative Agent.

	60

	 
	 
	 

	ARTICLE IX

	MISCELLANEOUS

	60

	 
	 
	 

	Section 9.1

	Amendments and Waivers.

	60

	Section 9.2

	Notices.

	62

	Section 9.3

	No Waiver; Cumulative Remedies.

	62

	Section 9.4

	Survival of Representations and Warranties.

	62

	Section 9.5

	Payment of Expenses and Taxes.

	63

	Section 9.6

	Successors and Assigns; Participations; Purchasing Lenders.

	63

	Section 9.7

	Adjustments; Set-off.

	66

	Section 9.8

	Table of Contents and Section Headings.

	67

	Section 9.9

	Counterparts.

	67

	Section 9.10

	Effectiveness.

	67

	Section 9.11

	Severability.

	68

	Section 9.12

	Integration.

	68

	Section 9.13

	Governing Law.

	68

	Section 9.14

	Consent to Jurisdiction and Service of Process.

	68

	Section 9.15

	Arbitration.

	68

	Section 9.16

	Waivers of Jury Trial.

	71

	Section 9.17

	Confidentiality.

	71

	Section 9.18

	Patriot Act Notice.

	72

	Section 9.19

	Replacement of Lenders.

	72

ii

Schedules

		
	Schedule 1.1(a)

	Account Designation Letter

	Schedule 1.1(b)

	Existing Letters of Credit

	Schedule 2.1(a)

	Lenders and Commitments

	Schedule 2.1(b)(i)

	Form of Notice of Borrowing for Revolving Loans

	Schedule 2.1(b)(iv)

	Form of Revolving Note

	Schedule 2.3(b)(i)

	Form of Notice of Borrowing for Swingline Loans

	Schedule 2.3(d)

	Form of Swingline Note

	Schedule 2.10

	Form of Notice of Conversion/Extension

	Schedule 2.17

	Section 2.17 Certificate

	Schedule 9.2

	Lenders’ Lending Offices

	Schedule 9.6(c)

	Form of Commitment Transfer Supplement

iii

AMENDED AND RESTATED CREDIT AGREEMENT, dated as of January 30, 2012, among
RUDDICK CORPORATION, a North Carolina corporation (the
“Borrower”), the several banks and other financial institutions as may from time to time become parties to this Agreement (collectively, the “Lenders”; and
individually, a “Lender”), and WELLS FARGO BANK,
NATIONAL ASSOCIATION, a national banking association (as successor-in-interest by merger to Wachovia Bank, National Association), as administrative agent for the Lenders hereunder (in such
capacity, the “Agent” or the “Administrative
Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower, the financial institutions from time to time party thereto as
lenders and the Administrative Agent entered into that certain
Credit Agreement dated as of December 20, 2007 (the “Existing Credit Agreement”);

WHEREAS, the Borrower, the Lenders and the Administrative Agent have agreed to amend,
restate and replace the Existing Credit Agreement with this
Agreement;

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained
herein, the parties hereto hereby agree as follows:

ARTICLE I

DEFINITIONS

Section 1.1

Defined Terms.

As used in this Agreement, terms defined in the preamble to this Agreement have the
meanings therein indicated, and the following terms have the
following meanings:

“A&E” shall mean American & Efird, Inc.

“Account Designation Letter” shall mean the Notice of Account
Designation Letter dated the Closing Date from the Borrower to the
Administrative Agent substantially in the form attached hereto as Schedule 1.1(a).

“Administrative Agent” shall have the meaning set forth in the first
paragraph of this Agreement and any successors in such capacity.

“Administrative Agent’s Fee Letter” shall mean that certain Fee
Letter dated as of January 9, 2012, by and among Wells Fargo
Bank, National Association, Wells Fargo Securities, LLC and the Borrower.

“Affiliate” shall mean as to any Person, any other Person (excluding
any Subsidiary) which, directly or indirectly, is in control
of, is controlled by, or is under common control with, such Person. For purposes of this definition, a Person shall be deemed to be “controlled by” another Person if such other Person
possesses, directly or indirectly, power either (a) to vote
10% or more of the securities having ordinary voting power for the election of directors of such 

1

Person or (b) to direct or cause the direction of the management and policies of such Person whether by
contract or otherwise.

“Agreement” shall mean this Amended and Restated Credit Agreement, as
amended, modified or supplemented from time to time in
accordance with its terms.

“Alternate Base Rate” shall mean, for any day, a rate per annum equal
to the greatest of (a) the Federal Funds Effective Rate
in effect on such day plus 1/2 of 1%, (b) the Prime Rate in effect on such day and (c) the LIBOR Market Index Rate in effect on such day plus (in the case of clause (c)) the Applicable Margin for
LIBOR Market Index Rate Loans in effect on such day. For
purposes hereof: “Prime Rate” shall mean, at any time, the rate of interest per annum publicly announced from time to time by Wells Fargo Bank, National Association at its principal
office in Charlotte, North Carolina as its prime commercial
lending rate. Each change in the Prime Rate shall be effective as of the opening of business on the day such change in the Prime Rate occurs. The parties hereto acknowledge that the rate announced
publicly by Wells Fargo Bank, National Association as its Prime
Rate is an index or base rate and shall not necessarily be its lowest or best rate charged to its customers or other banks; and “Federal Funds Effective Rate” shall mean, for any
day, the weighted average of the rates on overnight federal funds
transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate
is not so published on the next succeeding Business Day, the
average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. If for any reason the
Administrative Agent shall have determined (which determination shall
be conclusive in the absence of manifest error) that it is unable to ascertain the Federal Funds Effective Rate, for any reason, including the inability or failure of the Administrative Agent to
obtain
sufficient quotations in accordance with the terms thereof, the Alternate Base Rate shall be determined without regard to clause (a) of the first sentence of this definition, as appropriate, until
the circumstances giving rise to such inability no longer exist.
Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the opening of business on the date of such change.

“Alternate Base Rate Loans” shall mean Loans that bear interest at an
interest rate based on the Alternate Base Rate.

“Applicable Margin” shall mean, for the purposes of calculating (i)
the applicable interest rate for the Interest Period for any
LIBOR Rate Loan, (ii) the applicable interest rate for any Alternate Base Rate Loan or any LIBOR Market Index Rate Loan, (iii) the applicable rate for the Commitment Fee for purposes of Section
2.4(a) hereof and (iv) the applicable rates for Standby
Letter of Credit Fees and Trade Letter of Credit Fees, the percentages per annum set forth below. Such Applicable Margin shall be (A) determined as of the last day of each fiscal quarter of the
Borrower (the “Determination Date”) based upon the
Consolidated Leverage Ratio as of the last day of each such fiscal quarter (such calculation to be made based upon the financial statements as of such date and for the period then ended delivered
pursuant to Section 5.1(a) hereof and applied
retroactively to such Determination Date) and (B) applicable to all LIBOR Rate Loans made, renewed or converted, all LIBOR Market Index Rate Loans and Alternate Base Rate Loans outstanding and any
Commitment Fee, Standby Letter of Credit Fee and Trade
Letter of

2

Credit Fee accruing, as the case may be, on or after the most recent Determination Date to occur, as
specified below:

					
	Consolidated

Leverage Ratio

	
Applicable Margin

for LIBOR Market

Index Rate Loans,

LIBOR Rate Loans,

Swingline Loans

and Standby Letter

of Credit Fees

	
Applicable

Margin for

Trade Letter of

Credit Fees

	
Applicable

Margin for

Alternate Base

Rate Loans

	
Applicable

Margin for

Commitment

Fees

	 
	 
	
 
	 
	
 

	
> 3.75

	1.875%

	0.9375%

	0.00%

	0.275%

	
> 3.25 but < 3.75

	1.625%

	0.8125%

	0.00%

	0.225%

	
≥ 2.75 but < 3.25

	1.375%

	0.6875%

	0.00%

	0.175%

	
≥ 2.25 but < 2.75

	1.250%

	0.6250%

	0.00%

	0.150%

	
< 2.25

	1.125%

	0.5625%

	0.00%

	0.125%

Notwithstanding the foregoing, in the event that any financial statement or compliance computations
delivered pursuant to Section 5.1(a)(i) or (ii) is
shown to be inaccurate (regardless of whether (i) this Agreement is in effect, (ii) the Revolving Commitments are in effect, or (iii) any Extension of Credit is outstanding when such inaccuracy is
discovered or such financial statement or compliance
computations were delivered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period (an “Applicable Period”) than the
Applicable Margin applied for such Applicable Period, then
(A) the Borrower shall immediately deliver to the Administrative Agent corrected compliance computations for such Applicable Period, (B) the Applicable Margin for such Applicable Period shall be
determined as if the Consolidated Leverage Ratio in the
corrected compliance computations were applicable for such Applicable Period, and (z) the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent the accrued
additional interest owing as a result of such increased
Applicable Margin for such Applicable Period, which payment shall be promptly applied by the Administrative Agent in accordance with Section 2.11. Nothing in this paragraph shall limit the
rights of the Administrative Agent and Lenders with respect
to Sections 2.8(b) and 7.2 nor any of their other rights under this Agreement. The Borrower’s obligations under this paragraph shall survive the termination of the Commitments and
the repayment of all other Obligations hereunder.

“Authorized Officer” shall mean any of the President, Vice
President-Finance and Principal Accounting Officer (for Securities
and Exchange Commission reporting purposes) of the Borrower.

“Bankruptcy Code” shall mean the Bankruptcy Code in Title 11 of the
United States Code, as amended, modified, succeeded or
replaced from time to time.

“Borrowing Date” shall mean, in respect of any Loan, the date such
Loan is made.

3

“Business Day” shall mean a day other than a Saturday, Sunday or other
day on which commercial banks in Charlotte, North Carolina
are authorized or required by law to close; provided, however, that when used in connection with a rate determination, borrowing or payment in respect of a LIBOR Rate Loan, the term
“Business Day” shall also exclude any day on which
banks in London, England are not open for dealings in Dollar deposits in the London interbank market.

“Capital Lease” shall mean any lease of property, real or personal,
the obligations with respect to which are required to be
capitalized on a balance sheet of the lessee in accordance with GAAP.

“Change in Control” shall mean (i) the acquisition by any person,
entity or “group,” within the meaning of Section
13(d)(3) or 14(d)(2) of the Exchange Act, (excluding, for this purpose, the Borrower or its Restricted Subsidiaries, or any employee benefit plan of the Borrower or its Restricted Subsidiaries which
acquires beneficial ownership of voting securities of
the Borrower) of beneficial ownership (within the meaning of Rule 13d 3 promulgated under the Exchange Act) of 35% or more of either the then outstanding shares of common stock of the Borrower or the
combined voting power of the Borrower’s then
outstanding voting securities entitled to vote generally in the election of directors; or (ii) individuals who, as of the Closing Date, constitute the Board of Directors of the Borrower (the “
Incumbent Board”) cease for any reason to
constitute at least a majority of the Board of Directors of the Borrower, provided that any person becoming a director subsequent to the Closing Date whose election, or nomination for election
by the Borrower’s stockholders, was approved by
a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such person were a member of the Incumbent Board; or (iii) approval by the
stockholders of the Borrower of a reorganization, merger or
consolidation of the Borrower, in each case with respect to which Persons who were the stockholders of the Borrower immediately prior to such reorganization, merger or consolidation do not,
immediately thereafter, own more than 50% of the combined voting
power entitled to vote generally in the election of directors of the reorganized, merged or consolidated company’s then outstanding voting securities.

“Closing Date” shall mean the date of this Agreement.

“Code” shall mean the Internal Revenue Code of 1986, as amended from
time to time.

“Commitment” shall mean the Revolving Commitment, the Swingline
Commitment and the LOC Commitment, individually or collectively,
as appropriate.

“Commitment Percentage” shall mean the Revolving Commitment Percentage
and/or the LOC Commitment Percentage, as appropriate.

“Commitment Period” shall mean the period from and including the
Closing Date to but not including the Termination Date.

“Commitment Transfer Supplement” shall mean a Commitment Transfer
Supplement, substantially in the form of Schedule 9.6(c).

4

“Consolidated Adjusted Funded Debt” shall mean, as of any date of
computation, the sum of (i) Consolidated Funded Debt as of such date plus (ii) the product of consolidated rent expense for the four consecutive fiscal quarters then ending times eight.

“Consolidated Current Liabilities” shall mean, as of any date of
computation, the current liabilities of the Borrower and its Subsidiaries on a consolidated basis.

“Consolidated EBITDA” shall mean, with respect to the Borrower and its
Subsidiaries for any period of computation thereof, the sum of, without duplication, (i) Consolidated Net Income, (ii) consolidated net interest expense, (iii) taxes accrued on income, (iv)
amortization, and (v) depreciation, all determined on a consolidated basis in accordance with GAAP.

“Consolidated EBITDAR” shall mean, with respect to the Borrower and
its Subsidiaries for any period of computation thereof, the sum of, without duplication, (i) Consolidated Net Income, (ii) consolidated net interest expense, (iii) taxes accrued on income, (iv)
amortization, (v) depreciation, and (vi) rent expense, all determined on a consolidated basis in accordance with GAAP.

“Consolidated Fixed Charge Ratio” shall mean, as of the last day of
any fiscal quarter of the Borrower, the ratio of (i) the sum of Consolidated Net Income, plus Consolidated Fixed Charges plus income taxes (each computed for the four consecutive fiscal
quarterly periods then ending), to (ii) Consolidated Fixed Charges (computed for the four consecutive fiscal quarter periods then ending).

“Consolidated Fixed Charges” shall mean, for any applicable period of
computation, consolidated net interest expense plus consolidated rent expense under operating leases for the period of the Borrower and its Subsidiaries.

“Consolidated Funded Debt” shall mean, as of any date of computation,
all Indebtedness which constitutes consolidated long term debt of the Borrower and its Subsidiaries, including (a) any Indebtedness with a maturity more than one year after the creation of such
Indebtedness and (b) any portion thereof included in Consolidated Current Liabilities.

“Consolidated Leverage Ratio” shall mean, as of the last day of any
fiscal quarter of the Borrower, the ratio of (a) Consolidated Adjusted Funded Debt as of such date to (b) Consolidated EBITDAR for the four consecutive quarterly periods then ending.

“Consolidated Minority Interest” shall mean as of any date of
computation, minority interest in the Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP.

“Consolidated Net Income” shall mean, for any applicable period of
computation, the consolidated net income of the Borrower and its Subsidiaries, after provision for taxes.

“Consolidated Shareholders’ Equity” shall mean, as of any date of
computation, shareholders’ equity of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP.

5

“Consolidated Tangible Net Worth” shall mean, as of any date of
computation, Consolidated Shareholders’ Equity reduced by the recorded net balances of copyrights, patents, trademarks, goodwill, capitalized advertising costs, organization costs, licenses,
franchises, exploration permits and import and export permits.

“Consolidated Total Assets” shall mean, as of any date of computation,
the aggregate amount of all assets or resources of the Borrower and its Subsidiaries on a consolidated basis.

“Consolidated Total Capitalization” shall mean, as of any date of
computation, the total of Consolidated Funded Debt, Consolidated Minority Interest and Consolidated Shareholders’ Equity of the Borrower and its Subsidiaries.

“Credit Documents” shall mean this Agreement, each of the Notes, the
Letters of Credit and the LOC Documents.

“Debtor Relief Laws” means the Bankruptcy Code of the United States of
America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief
laws of the United States or other applicable jurisdictions from time to time in effect.

“Default” shall mean any of the events specified in Section 7.1
, whether or not any requirement for the giving of notice or the lapse of time, or both, has been satisfied.

“Defaulting Lender” shall mean, subject to Section 2.19(g), any
Lender that (a) has failed to (i) fund all or any portion of the Revolving Loans, participations in LOC Obligations or participations in Swingline Loans required to be funded by it hereunder within
two Business Days of the date such Loans or participations were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is
the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically
identified in such writing) has not been satisfied or (ii) pay to the Administrative Agent, the applicable Issuing Lender, the Swingline Lender or any other Lender any other amount required to be
paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two Business Days of the date when due, (b) has notified the Borrower, the
Administrative Agent, the applicable Issuing Lender or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that
effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a
condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has
failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its
prospective funding obligations hereunder (provided that such Lender shall
cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower) or (d) has, or has a direct or indirect parent
company that has (i) become the subject of a proceeding under any Debtor Relief Law or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit

6

of creditors or similar Person charged with reorganization or liquidation of its business or assets,
including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely
by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does
not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such
Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a
Defaulting Lender under clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.19(g)
) upon delivery of written notice of such determination to the Borrower, the applicable Issuing Lender, the Swingline Lender and each Lender.

“Dollars” and “$” shall mean dollars in lawful
currency of the United States of America.

“Domestic Lending Office” shall mean, initially, the office of each
Lender designated as such Lender’s Domestic Lending Office shown on Schedule 9.2; and thereafter, such other office of such Lender as such Lender may from time to time specify in a notice
to the Administrative Agent and the Borrower as the office of such Lender at which Alternate Base Rate Loans and LIBOR Market Index Rate Loans of such Lender are to be made.

“ERISA” shall mean the Employee Retirement Income Security Act of
1974, as amended from time to time.

“Eurodollar Reserve Percentage” shall mean for any day, the percentage
(expressed as a decimal and rounded upwards, if necessary, to the next higher 1/100th of 1%) which is in effect for such day as prescribed by the Federal Reserve Board (or any successor) for
determining the maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) in respect of Eurocurrency liabilities, as defined in Regulation D of such
Board as in effect from time to time, or any similar category of liabilities for a member bank of the Federal Reserve System in New York City.

“Event of Default” shall mean any of the events specified in
Section 7.1.

“Excluded Taxes” means, with respect to the Administrative Agent, any
Lender, the Issuing Lender or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) taxes imposed on or measured by its overall net income
(however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized
or in which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is located, (b) any branch profits taxes imposed by the United States or any similar
tax imposed by any other jurisdiction in which the Borrower is located and (c) any Taxes imposed under FATCA.

7

“Existing Letters of Credit” shall mean each of the letters of credit
issued by Wells Fargo Bank, National Association prior to the Closing Date and listed on Schedule 1.1(b).

“Extension of Credit” shall mean, as to any Lender, the making of a
Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender.

“FATCA” means Sections 1471 through 1474 of the Code (as of the date
hereof) and any regulations or official interpretations thereof (including any Revenue Ruling, Revenue Procedure, Notice or similar guidance issued by the U.S. Internal Revenue Service thereunder as
a precondition to relief or exemption from Taxes under such provisions); provided that FATCA shall also include any amendments to Sections 1471 through 1474 of the Code if, as amended, FATCA provides
a commercially reasonable mechanism to avoid the tax imposed thereunder by satisfying the information reporting and other requirements of FATCA.

“Federal Funds Effective Rate” shall have the meaning set forth in the
definition of “Alternate Base Rate”.

“Fiscal Year” shall mean the 52/53-week fiscal period of the Borrower
ending on the Sunday closest to September 30 of each calendar year.

“Fiscal Year End” shall mean the last day of the Borrower’s
Fiscal Year.

“Fronting Exposure” means, at any time there is a Defaulting Lender,
(a) with respect to the Issuing Lender, such Defaulting Lender’s Revolving Commitment Percentage of the outstanding LOC Obligations other than LOC Obligations as to which such Defaulting
Lender’s participation obligation has been reallocated to other Lenders or cash collateral or other credit support acceptable to the Issuing Lender shall have been provided in accordance with
the terms hereof and (b) with respect to the Swingline Lender, such Defaulting Lender’s Revolving Commitment Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting
Lender’s participation obligation has been reallocated to other Lenders, repaid by the Borrower or for which cash collateral or other credit support acceptable to the Swingline Lender shall have
been provided in accordance with the terms hereof.

“GAAP” shall mean generally accepted accounting principles in effect
in the United States of America applied on a consistent basis, subject, however, in the case of determination of compliance with the financial covenants set forth in Section 5.1
to the provisions of Section 1.3.

“Governmental Authority” shall mean any nation or government, any
state or other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

“Indebtedness” shall mean all obligations for borrowed money or the
deferred purchase price of property or services, obligations in connection with letters of credit, capitalized lease obligations determined in accordance with Statement No. 13 of the Financial
Accounting Standards Board as in effect as of the date of this Agreement, and guarantees of the foregoing, but shall exclude any such obligations or guarantees of an Unrestricted Subsidiary or any
such obligations or guarantees of or by the Borrower to an Unrestricted Subsidiary unless such

8

obligations of or by the Borrower to an Unrestricted Subsidiary are deemed to be material with regard to
financial reporting in accordance with GAAP.

“Insolvency” shall mean, with respect to any Multiemployer Plan, the
condition that such Plan is insolvent within the meaning of such term as used in Section 4245 of ERISA.

“Insolvent” shall mean being in a condition of Insolvency.

“Interest Payment Date” shall mean (a) as to any Alternate Base Rate
Loan or any LIBOR Market Index Rate Loan, the last day of each March, June, September and December and on the applicable Termination Date, (b) as to any LIBOR Rate Loan having an Interest Period of
three months or less, the last day of such Interest Period, and (c) as to any LIBOR Rate Loan having an Interest Period longer than three months, the day which is three months after the first day of
such Interest Period and the last day of such Interest Period.

“Interest Period” shall mean, with respect to any LIBOR Rate Loan,

(i)

initially, the period commencing on the Borrowing Date or conversion
date, as the case may be, with respect to such LIBOR Rate Loan and ending one, two, three or six months thereafter, as selected by the Borrower in the Notice of Borrowing or Notice of Conversion
given with respect thereto; and

(ii)

thereafter, each period commencing on the last day of the
immediately preceding Interest Period applicable to such LIBOR Rate Loan and ending one, two, three or six months thereafter, as selected by the Borrower by irrevocable notice to the Administrative
Agent not less than three Business Days prior to the last day of the then current Interest Period with respect thereto;

provided that the foregoing provisions are subject to the
following:

(A)

if any Interest Period pertaining to a LIBOR Rate Loan would
otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest
Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day;

(B)

any Interest Period pertaining to a LIBOR Rate Loan that begins on
the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day
of the relevant calendar month;

(C)

if the Borrower shall fail to give notice as provided above, the
Borrower shall be deemed to have selected a LIBOR Market Index Rate Loan to replace the affected LIBOR Rate Loan;

(D)

no Interest Period shall extend beyond the Termination Date; and

9

(E)

no more than six (6) LIBOR Rate Loans may be in effect at any time.
For purposes hereof, LIBOR Rate Loans with different Interest Periods shall be considered as separate LIBOR Rate Loans, even if they shall begin on the same date and have the same duration, although
borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new LIBOR Rate Loan with a single Interest
Period.

“Issuing Lender” shall mean (i) Wells Fargo Bank, National Association
or (ii) such other Lender reasonably acceptable to the Administrative Agent selected by the Borrower from time to time to issue a Letter of Credit.

“Issuing Lender Fees” shall have the meaning set forth in Section
2.4(c).

“Letters of Credit” shall mean the Existing Letters of Credit and any
letter of credit issued by an Issuing Lender pursuant to the terms hereof, as such Letters of Credit may be amended, modified, extended, renewed or replaced from time to time.

“LIBOR” shall mean, for any LIBOR Rate Loan for any Interest Period
therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Dow Jones Telerate Page 3750 (or any successor page) as the London interbank offered rate for
deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period. If for any reason such
rate is not available, the term “LIBOR” shall mean, for any LIBOR Rate Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%)
appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest
Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean
of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%). If, for any reason, neither of such rates is available, then “LIBOR” shall mean the rate per annum at which,
as determined by the Administrative Agent, Dollars in an amount comparable to such LIBOR Rate Loan are being offered to leading banks at approximately 11:00 a.m. London time, two (2) Business Days
prior to the commencement of the applicable Interest Period for settlement in immediately available funds by leading banks in the London interbank market for a period equal to the Interest Period
selected.

“LIBOR Lending Office” shall mean, initially, the office of each
Lender designated as such Lender’s LIBOR Lending Office shown on Schedule 9.2; and thereafter, such other office of such Lender as such Lender may from time to time specify to the
Administrative Agent and the Borrower as the office of such Lender at which the LIBOR Rate Loans of such Lender are to be made.

“LIBOR Market Index Rate” shall mean, for any day, the rate per annum
(rounded upwards, if necessary, to the nearest 1/100 of 1%) equal to the London interbank offered rate for one (1) month Dollar deposits as reported on Dow Jones Telerate page 3750 (or any successor
page) at approximately 11:00 a.m. (London time), on such day, or if such day is not a Business

10

Day, then the immediately preceding Business Day. If for any reason such rate is not available, the term
“LIBOR Market Index Rate” shall mean, for any LIBOR Market Index Rate Loan, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO
Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) on such day, or if such day is not a Business Day, then the immediately preceding Business
Day, for one (1) month Dollar deposits; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such
rates (rounded upwards, if necessary, to the nearest 1/100 of 1%). If, for any reason, neither of such rates is available, then “LIBOR Market Index Rate” shall mean the rate per annum at
which, as determined by the Administrative Agent, Dollars in an amount comparable to such LIBOR Market Index Rate Loan are being offered to leading banks at approximately 11:00 a.m. London time, on
such day, or if such day is not a Business Day, then the immediately preceding Business Day, for settlement in immediately available funds by leading banks in the London interbank market for one (1)
month Dollar deposits.

“LIBOR Market Index Rate Loan” shall mean Loans the rate of interest
applicable to which is based on the LIBOR Market Index Rate.

“LIBOR Rate” shall mean a rate per annum (rounded upwards, if
necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula:

	 	 	 	 
	 	LIBOR Rate = 
	LIBOR
	 
	 	 
	1.00 - Eurodollar Reserve Percentage
	 

“LIBOR Rate Loan” shall mean Loans the rate of interest applicable to
which is based on the LIBOR Rate.

“Lien” shall mean any mortgage, pledge, hypothecation, assignment,
encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including, without limitation, any conditional sale or other title retention agreement and any Capital Lease having substantially the same economic effect as any of the foregoing).

“Loan” or “Loans” shall mean a Revolving Loan and/or
Swingline Loan, as appropriate.

“LOC Commitment” shall mean the commitment of the Issuing Lender(s) to
issue Letters of Credit and with respect to each Lender, the commitment of such Lender to purchase participation interests in the Letters of Credit up to such Lender’s LOC Committed Amount as
specified in Schedule 2.1(a), as such amount may be reduced from time to time in accordance with the provisions hereof.

“LOC Commitment Percentage” shall mean, for each Lender, the
percentage identified as its LOC Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in accordance with Section 2.22 or in connection with any assignment made
in accordance with the provisions of Section 9.6(b).

11

“LOC Committed Amount” shall mean, collectively, the aggregate amount
of all of the LOC Commitments of the Lenders to issue and participate in Letters of Credit as referenced in Section 2.2 and, individually, the amount of each Lender’s LOC Commitment as
specified in Schedule 2.1(a).

“LOC Documents” shall mean, with respect to any Letter of Credit, such
Letter of Credit, any amendments thereto, any documents delivered in connection therewith, any application therefor, and any agreements, instruments, guarantees or other documents (whether general in
application or applicable only to such Letter of Credit) governing or providing for (i) the rights and obligations of the parties concerned or (ii) any collateral security for such obligations.

“LOC Obligations” shall mean, at any time, the sum of (i) the maximum
amount which is, or at any time thereafter may become, available to be drawn under Letters of Credit then outstanding, assuming compliance with all requirements for drawings referred to in such
Letters of Credit plus (ii) the aggregate amount of all drawings under Letters of Credit honored by the Issuing Lender(s) but not theretofore reimbursed.

“Mandatory Borrowing” shall have the meaning set forth in Section
2.2(e).

“Mandatory Swingline Borrowing” shall have the meaning set forth in
Section 2.3(b)(ii).

“Material Adverse Effect” shall mean a material adverse effect on the
financial condition or business of the Borrower and its Subsidiaries, taken as a whole.

“Multiemployer Plan” shall mean a Plan which is a multiemployer plan
as defined in Section 4001(a)(3) of ERISA.

“Non-Consenting Lender” shall mean any Lender that does not approve
any consent, waiver, amendment, supplement or modification that (a) requires the approval of all Lenders or all affected Lenders in accordance with Section 9.1 and (b) has been approved by the
Required Lenders.

“Non-Defaulting Lender” shall mean, at any time, any Lender that is
not a Defaulting Lender at such time.

“Note” or “Notes” shall mean the Revolving Notes
and/or the Swingline Note, collectively, separately or individually, as appropriate.

“Notice of Borrowing” shall mean the written notice of a Revolving
Loan borrowing as referenced and defined in Section 2.1(b)(i) or a Swingline Loan borrowing as referenced and defined in Section 2.3(b).

“Notice of Conversion” shall mean the written notice of extension or
conversion as referenced and defined in Section 2.10.

“Obligations” shall mean, without duplication, all of the obligations
of the Borrower to the Lenders (including the Issuing Lenders) and the Administrative Agent, whenever arising, under this Agreement, the Notes or any of the other Credit Documents (including, but not
limited 

12

to, any interest accruing after the occurrence of a filing of a petition of bankruptcy under the
Bankruptcy Code with respect to any Borrower, regardless of whether such interest is an allowed claim under the Bankruptcy Code).

“Participation Interest” shall mean the purchase by a Lender of a
participation interest in Letters of Credit as provided in Section 2.2 and Swingline Loans as provided in Section 2.3.

“PBGC” shall mean the Pension Benefit Guaranty Corporation established
pursuant to Subtitle A of Title IV of ERISA.

“Person” shall mean an individual, partnership, corporation, limited
liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature.

“Plan” shall mean, at any particular time, any employee benefit plan
which is covered by Title IV of ERISA and in respect of which the Borrower or a Commonly Controlled Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be
deemed to be) an “employer” as defined in Section 3(5) of ERISA.

“Prime Rate” shall have the meaning set forth in the definition of
Alternate Base Rate.

“Property or Equipment” shall mean any interest in any kind of
property, equipment, or asset, whether real, personal, or mixed, or tangible or intangible.

“Purchasing Lenders” shall have the meaning set forth in Section
9.6(b).

“Real Estate Subsidiary” shall mean any Restricted Subsidiary that
owns or leases, or is formed for the purpose of owning or leasing, interests in real property upon which a Harris Teeter store is, or is intended to be, located.

“Register” shall have the meaning set forth in Section 9.6(c).

“Reorganization” shall mean, with respect to any Multiemployer Plan,
the condition that such Plan is in reorganization within the meaning of such term as used in Section 4241 of ERISA.

“Reportable Event” shall mean any of the events set forth in Section
4043(c) of ERISA, other than those events as to which the thirty-day notice period is waived under PBGC Reg. §4043.

“Required Lenders” shall mean Lenders holding in the aggregate more
than 50.0% of the sum of all Revolving Loans and LOC Obligations then outstanding at such time plus the aggregate unused Revolving Commitments at such time (treating for purposes hereof in the
case of LOC Obligations, in the case of any Issuing Lender, only the portion of the LOC Obligations of such Issuing Lender which is not subject to the Participation Interests of the other Lenders
and, in the case of the Lenders other than such Issuing Lender, the Participation Interests of such Lenders in LOC Obligations hereunder); provided, however, that if any Lender shall be a
Defaulting Lender at such time, then there shall be excluded from the determination of Required

13

Lenders, Obligations owing to such Defaulting Lender and such Defaulting Lender’s Commitments, or
after termination of the Commitments, the principal balance of the Obligations owing to such Defaulting Lender; provided, further, if at any time there are four or more Lenders, to
constitute “Required Lenders” there must be at least three Lenders.

“Requirement of Law” shall mean, as to any Person, each law, treaty,
rule or regulation or determination of an arbitrator or a court or other Governmental Authority, 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.

“Restricted Payment” shall mean the declaration or payment of any
dividend (other than dividends payable solely in common stock of the Borrower) on, or the making of any payment or distribution on account of, or setting apart assets for a sinking or other analogous
fund for, the purchase, redemption, defeasance, retirement or other acquisition of any class of capital stock of the Borrower or any Restricted Subsidiary or any warrants or options to purchase any
such capital stock, whether now or hereafter outstanding, or the making of any other distribution in respect thereof, either directly or indirectly, whether in cash or property, obligations of the
Borrower or any Restricted Subsidiary or otherwise.

“Restricted Subsidiary” shall mean any Subsidiary that is not an
Unrestricted Subsidiary.

“Revolving Commitment” shall mean, with respect to each Revolving
Lender, the commitment of such Revolving Lender to make Revolving Loans in an aggregate principal amount at any time outstanding up to such Revolving Lender’s Revolving Commitment Percentage of
the Revolving Committed Amount as specified in Schedule 2.1(a), as such amount may be increased or reduced from time to time in accordance with the provisions hereof or in connection with any
assignment made in accordance with the provisions of Section 9.6(b).

“Revolving Commitment Percentage” shall mean, for each Revolving
Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be increased or reduced pursuant to Section 2.5(a) or 2.22 or
in connection with any assignment made in accordance with the provisions of Section 9.6(b).

“Revolving Committed Amount” shall mean, with respect to the Revolving
Lenders collectively, the aggregate amount of all Revolving Commitments as defined in Section 2.1(a), as such amount may be increased or reduced from time to time in accordance with the
provisions hereof, and, with respect to each Revolving Lender, the amount of such Revolving Lender’s Revolving Commitment as specified on Schedule 2.1(a), as such amount may be increased
or reduced from time to time in accordance with the provisions hereof or in connection with any assignment made in accordance with the provisions of Section 9.6(b).

“Revolving Lender” shall mean shall mean a Lender holding a Revolving
Commitment.

“Revolving Loan” and “Revolving Loans” shall have the
meanings set forth in Section 2.1(a).

“Revolving Note” or “Revolving Notes” shall mean the
promissory notes of the Borrower in favor of each of the Lenders evidencing the Revolving Loans provided pursuant to Section

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2.1(b)(iv), individually or collectively, as appropriate, as such promissory notes may be amended,
modified, supplemented, extended, renewed or replaced from time to time.

“Sanctioned Country” shall mean a country subject to a sanctions
program identified on the list maintained by OFAC and available at http://www.treas.gov/offices/eotffc/ofac/sanctions/index.html, or as otherwise published from time to time.

“Sanctioned Person” shall mean (i) a Person named on the list of
“Specially Designated Nationals and Blocked Persons” maintained by OFAC available at http://www.treas.gov/offices/eotffc/ofac/sdn/index.html, or as otherwise published from time to
time, or (ii) (A) an agency of the government of a Sanctioned Country, (B) an organization controlled by a Sanctioned Country, or (C) a person resident in a Sanctioned Country, to the extent subject
to a sanctions program administered by OFAC.

“SEC” shall mean the Securities and Exchange Commission or any
successor thereto.

“Single Employer Plan” shall mean any Plan which is not a
Multiemployer Plan.

“Solvent” shall mean the Borrower, on a particular date, (a) has
capital sufficient to carry on its business and transactions and all business and transactions in which it is about to engage and is able to pay its debts as they mature, (b) has assets having a
value, both at fair valuation and at present fair saleable value, greater than the amount required to pay its probable liabilities (including contingencies) and (c) does not believe that it will
incur debts or liabilities beyond its ability to pay such debts or liabilities as they mature.

“Standby Letter of Credit Fee” shall have the meaning set forth in
Section 2.4(b).

“Subsidiary” shall mean, as to any Person, a corporation, partnership,
limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only
by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, directly or
indirectly, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or
Subsidiaries of the Borrower.

“Swingline Commitment” shall mean the commitment of the Swingline
Lender to make Swingline Loans in an aggregate principal amount at any time outstanding up to the Swingline Committed Amount, and the commitment of the Revolving Lenders to purchase participation
interests in the Swingline Loans as provided in Section 2.3(b)(ii), as such amounts may be reduced from time to time in accordance with the provisions hereof.

“Swingline Committed Amount” shall mean the amount of the Swingline
Lender’s Swingline Commitment as specified in Section 2.3(a).

“Swingline Lender” shall mean Wells Fargo Bank, National Association
and any successor swingline lender.

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“Swingline Loan” and “Swingline Loans” shall have the
meanings set forth in Section 2.3(a).

“Swingline Note” shall mean the promissory note of the Borrower in
favor of the Swingline Lender evidencing the Swingline Loans provided pursuant to Section 2.3(d), as such promissory note may be amended, modified, supplemented, extended, renewed or replaced
from time to time.

“Taxes” shall have the meaning set forth in Section 2.17.

“Termination Date” shall mean January 30, 2017, as such date may be
extended pursuant to Section 2.23.

“Trade Letter of Credit Fee” shall have the meaning set forth in
Section 2.4(b).

“Tranche” shall mean the collective reference to LIBOR Rate Loans
whose Interest Periods begin and end on the same day. A Tranche may sometimes be referred to as a “LIBOR Tranche”.

“Transfer Effective Date” shall have the meaning set forth in each
Commitment Transfer Supplement.

“2.17 Certificate” shall have the meaning set forth in Section 2.17
.

“Type” shall mean, as to any Loan, its nature as an Alternate Base
Rate Loan, LIBOR Rate Loan or LIBOR Market Index Rate Loan, as the case may be.

“Unrestricted Subsidiary” shall mean (i) any Subsidiary existing,
created or acquired by the Borrower or its Restricted Subsidiaries which is incorporated outside the United States or substantially all of the business of which is carried on outside the United
States, and (ii) any other Subsidiary permitted to be characterized as an Unrestricted Subsidiary pursuant to this Agreement.

Section 1.2

Other Definitional Provisions. 

(a)

Unless otherwise specified therein, all capitalized terms defined in
this Agreement shall have the defined meanings when used in the Notes or other Credit Documents or any certificate or other document made or delivered pursuant hereto.

(b)

The words “hereof”, “herein” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection,
Schedule and Exhibit references are to this Agreement unless otherwise specified.

(c)

The meanings given to terms defined herein shall be equally
applicable to both the singular and plural forms of such terms.

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Section 1.3

Accounting Terms.

The Borrower shall utilize the lease accounting and pension plan accounting methods in
effect on the Closing Date for all calculations for financial covenant compliance throughout the term of this Agreement. Neither (a) charges related to the Borrower’s divestiture of A&E nor
(b) non-cash charges related to the Borrower’s changes in its pension plan accounting methods shall be included in calculations for financial covenant compliance. Unless otherwise specified
herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared
in accordance with GAAP applied on a basis consistent with the most recent audited consolidated financial statements of the Borrower delivered to the Lenders; provided that, if the Borrower
notifies the Administrative Agent that it wishes to amend any financial covenant in Section 5.1 or any covenant in Section 6.1 to eliminate the effect of any change in GAAP on the
operation of such covenant (or if the Administrative Agent notifies the Borrower that the Required Lenders wish to amend Section 5.1 or 6.1 for such purpose), then the Borrower’s
compliance with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such
covenant is amended in a manner satisfactory to the Borrower and the Required Lenders. The Borrower and the Required Lenders shall negotiate in good faith to amend such financial covenants in
Section 5.1 or covenants in Section 6.1 to eliminate the effect of such changes in GAAP on the operation of such covenants, except that no such negotiation shall be required in the case
of any change in lease accounting or pension plan accounting
methods.

The Borrower shall deliver to the Administrative Agent and each Lender at the same time
as the delivery of any annual or quarterly financial statements given in accordance with the provisions of Section 5.1, unless disclosed in such financial statements, (i) a description in
reasonable detail of any change in the application of accounting principles employed in the preparation of such financial statements from those applied in the most recently preceding quarterly or
annual financial statements as to which no objection shall have been made in accordance with the provisions above but which change in application of accounting principles would have a material effect
on the financial position of the Borrower and (ii) if material, a reasonable estimate of the effect on the financial statements on account of such changes in application.

ARTICLE II

THE LOANS; AMOUNT AND TERMS

Section 2.1

The Credit Facilities.

(a)

Revolving Commitment. During the Commitment Period, subject
to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (collectively, “Revolving Loans” and each a “Revolving Loan
”) to the Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Revolving Lender individually, the sum of such
Revolving Lender’s outstanding Revolving Loans plus such Revolving Lender’s LOC Commitment Percentage of LOC Obligations plus such Revolving Lender’s participations in
outstanding Swingline Loans such shall not exceed such Revolving Lender’s Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the 

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Revolving Lenders collectively, the sum of the aggregate amount of outstanding
Revolving Loans plus LOC Obligations plus Swingline Loans shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate principal amount of Revolving Loans plus
LOC Obligations plus the Swingline Loans that may be outstanding at any time under this Section 2.1 shall not exceed THREE HUNDRED FIFTY MILLION DOLLARS ($350,000,000) (as such
aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.5 or 2.22, the “Revolving Committed Amount”). Revolving Loans may
consist of Alternate Base Rate Loans, LIBOR Rate Loans or LIBOR Market Index Rate Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in accordance with the
provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans and LIBOR Market Index Rate Loans at its Domestic Lending Office.

(b)

Revolving Loan Borrowings.

(i)

Notice of Borrowing. The Borrower shall request a Revolving
Loan borrowing by written notice (or telephone notice promptly confirmed in writing which confirmation may be by fax) to the Administrative Agent not later than 12:30 p.m. (Charlotte, North Carolina
time) on the date of requested borrowing in the case of Alternate Base Rate Loans and LIBOR Market Index Rate Loans, and on the third Business Day prior to the date of the requested borrowing in the
case of LIBOR Rate Loans. Each such request for borrowing shall be irrevocable and shall specify (A) that a Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a
Business Day), (C) the aggregate principal amount to be borrowed, (D) whether the borrowing shall be comprised of Alternate Base Rate Loans, LIBOR Rate Loans or LIBOR Market Index Rate Loans or a
combination thereof, and if LIBOR Rate Loans are requested, the Interest Period(s) therefor. A form of Notice of Borrowing (a “Notice of Borrowing”) is attached as Schedule
2.1(b)(i). If the Borrower shall fail to specify in any such Notice of Borrowing (I) an applicable Interest Period in the case of a LIBOR Rate Loan, then such notice shall be deemed to be a
request for an Interest Period of one month, or (II) the type of Revolving Loan requested, then such notice shall be deemed to be a request for a LIBOR Market Index Rate Loan hereunder. The
Administrative Agent shall give notice to each Lender promptly upon receipt of each Notice of Borrowing, the contents thereof and each such Lender’s share thereof. LIBOR Rate Loans shall not be
available hereunder until three (3) Business Days after the Closing Date.

(ii)

Advances. Each Revolving Lender will make its Revolving
Commitment Percentage of each Revolving Loan borrowing available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Schedule 9.2
, or at such other office as the Administrative Agent may designate in writing, by 2:30 p.m. (Charlotte, North Carolina time) on the date specified in the applicable Notice of Borrowing in
Dollars and in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative 

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Agent by crediting the account of the Borrower on the books of such office with the
aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent.

(iii)

Repayment. The principal amount of all Revolving Loans shall
be due and payable in full on the Termination Date.

(iv)

Revolving Notes. Each Revolving Lender’s Revolving
Commitment Percentage of the Revolving Loans shall be evidenced by a duly executed promissory note of the Borrower to such Revolving Lender in substantially the form of Schedule 2.1(b)(iv).

Section 2.2

Letter of Credit Subfacility.

(a)

Issuance. In reliance upon the other Lenders’ obligation
to participate therein, and subject to the terms and conditions hereof and of the LOC Documents, if any, and any other terms and conditions which the applicable Issuing Lender may reasonably require,
during the Commitment Period the applicable Issuing Lender shall issue, and the Lenders shall participate in, Letters of Credit for the account of the Borrower from time to time upon request in a
form acceptable to the applicable Issuing Lender; provided, however, that (i) the aggregate amount of LOC Obligations shall not at any time exceed the lesser of (A) ONE HUNDRED
MILLION DOLLARS ($100,000,000) and (B) the Revolving Committed Amount (the “LOC Committed Amount”), (ii) the sum of the aggregate outstanding principal amount of Revolving Loans
plus the outstanding Swingline Loans plus LOC Obligations shall not at any time exceed the Revolving Committed Amount, (iii) all Letters of Credit shall be denominated in Dollars and
(iv) Letters of Credit shall be issued for lawful corporate purposes and may be issued as standby letters of credit, including, without limitation, in connection with workers’ compensation and
other insurance programs, and trade letters of credit. Except as otherwise expressly agreed upon by the applicable Issuing Lender and the Administrative Agent, no Letter of Credit shall have an
original expiry date beyond the Termination Date; provided, however, the expiry date of Letters of Credit may be extended from time to time by operation of the terms of the applicable
Letter of Credit, and so long as no Default or Event of Default has occurred and is continuing and subject to the other terms and conditions to the issuance of Letters of Credit hereunder, the expiry
dates of Letters of Credit may be extended periodically
from time to time on the request of the Borrower; provided, further, that no Letter of Credit, as originally issued or as extended, shall have an expiry date extending beyond the
Termination Date unless the Borrower shall have established a cash collateral account in favor of the Agent for the benefit of the Lenders and deposited therein cash and cash equivalents satisfactory
to the Administrative Agent in a sufficient amount to adequately secure the LOC Obligations which extend beyond the Termination Date. Each Letter of Credit shall comply with the related LOC
Documents. The issuance and expiry date of each Letter of Credit shall be a Business Day. Any Letters of Credit issued hereunder shall be in a minimum original face amount of $50,000.

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(b)

Notice and Reports. The request for the issuance of a Letter
of Credit shall be submitted to the applicable Issuing Lender at least five (5) Business Days prior to the requested date of issuance. Each Issuing Lender will promptly upon request provide to the
Administrative Agent for dissemination to the Lenders a detailed report specifying the Letters of Credit issued by such Issuing Lender which are then issued and outstanding and any activity with
respect thereto which may have occurred since the date of any prior report, and including therein, among other things, the account party, the beneficiary, the face amount, expiry date as well as any
payments or expirations which may have occurred. Each Issuing Lender will further provide to the Administrative Agent promptly upon request copies of the Letters of Credit issued by such Issuing
Lender. Each Issuing Lender will provide to the Administrative Agent promptly upon request a summary report of the nature and extent of LOC Obligations of such Issuing Lender then outstanding.

(c)

Participations. Each Lender upon issuance of a Letter of
Credit shall be deemed to have purchased without recourse a risk participation from the applicable Issuing Lender in such Letter of Credit and the obligations arising thereunder and any collateral
relating thereto, in each case in an amount equal to its LOC Commitment Percentage of the obligations under such Letter of Credit and shall absolutely, unconditionally and irrevocably assume, as
primary obligor and not as surety, and be obligated to pay to the applicable Issuing Lender therefor and discharge when due, its LOC Commitment Percentage of the obligations arising under such Letter
of Credit. Without limiting the scope and nature of each Lender’s participation in any Letter of Credit, to the extent that an Issuing Lender has not been reimbursed as required hereunder or
under any LOC Document, each such Lender shall pay to such Issuing Lender its LOC Commitment Percentage of such unreimbursed drawing in same day funds on the day of notification by such Issuing
Lender of an unreimbursed drawing pursuant to the provisions of subsection (d) below if such notice is received at or before 2:00 p.m. (Charlotte, North Carolina time), otherwise such payment shall
be made at or before 12:00 noon (Charlotte, North Carolina time) on the Business Day next succeeding the day such notice is received. The obligation of each Lender to so reimburse the applicable
Issuing Lender shall be absolute and unconditional and shall not be affected by the occurrence of a Default, an Event of Default or any other occurrence or event. Any such reimbursement shall not
relieve or otherwise impair the obligation of the Borrower to reimburse the applicable Issuing Lender under any Letter of Credit, together with interest as hereinafter provided.

(d)

Reimbursement. In the event of any drawing under any Letter
of Credit, the applicable Issuing Lender will promptly notify the Borrower and the Administrative Agent. The Borrower shall reimburse the applicable Issuing Lender on the day of drawing under any
Letter of Credit (with the proceeds of a Revolving Loan obtained hereunder or otherwise) in same day funds as provided herein or in the LOC Documents. If the Borrower shall fail to reimburse the
applicable Issuing Lender as provided herein, the unreimbursed amount of such drawing shall bear interest at a per annum rate equal to the LIBOR Market Index Rate plus the Applicable Margin. Unless
the Borrower shall immediately notify the applicable Issuing Lender and the Administrative Agent of its intent to otherwise reimburse the applicable Issuing Lender, the Borrower shall be deemed to
have requested a Revolving Loan in the amount of the drawing as provided in

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subsection (e) below, the proceeds of which will be used to satisfy the reimbursement
obligations. The Borrower’s reimbursement obligations hereunder shall be absolute and unconditional under all circumstances irrespective of any rights of set-off, counterclaim or defense to
payment the Borrower may claim or have against the applicable Issuing Lender, the Administrative Agent, the Lenders, the beneficiary of the Letter of Credit drawn upon or any other Person, including
without limitation any defense based on any failure of the Borrower to receive consideration or the legality, validity, regularity or unenforceability of the Letter of Credit. The applicable Issuing
Lender will promptly notify the other Lenders of the amount of any unreimbursed drawing and each Lender shall promptly pay to the Administrative Agent for the account of the applicable Issuing Lender
in Dollars and in immediately available funds, the amount of such Lender’s LOC Commitment Percentage of such unreimbursed drawing. Such payment shall be made on the day such notice is received
by such Lender from the applicable Issuing Lender if such notice is received at or before 2:00 p.m. (Charlotte, North Carolina time), otherwise such payment shall be made at or before 12:00 noon
(Charlotte, North Carolina time) on the Business Day next succeeding the day such notice is received. If such Lender does not pay such amount to the applicable Issuing Lender in full upon such
request, such Lender shall, on demand, pay to the Administrative Agent for the account of the applicable Issuing Lender interest on the unpaid amount during the period from the date of such drawing
until such Lender pays such amount to the applicable Issuing Lender in full at a rate per annum equal to, if paid within two (2) Business Days of the date of drawing, the Federal Funds Effective Rate
and thereafter at a rate equal to the Alternate Base
Rate. Each Lender’s obligation to make such payment to the applicable Issuing Lender, and the right of the applicable Issuing Lender to receive the same, shall be absolute and unconditional,
shall not be affected by any circumstance whatsoever and without regard to the termination of this Agreement or the Commitments hereunder, the existence of a Default or Event of Default or the
acceleration of the Obligations hereunder and shall be made without any offset, abatement, withholding or reduction whatsoever.

(e)

Repayment with Revolving Loans. On any day on which the
Borrower shall have requested, or been deemed to have requested a Revolving Loan to reimburse a drawing under a Letter of Credit, the Administrative Agent shall give notice to the Revolving Lenders
that a Revolving Loan has been requested or deemed requested in connection with a drawing under a Letter of Credit, in which case a Revolving Loan borrowing comprised entirely of LIBOR Market Index
Rate Loans (each such borrowing, a “Mandatory Borrowing”) shall be immediately made (without giving effect to any termination of the Commitments pursuant to Section 7.2)
pro rata based on each Revolving Lender’s respective Revolving Commitment Percentage (determined before giving effect to any termination of the Commitments pursuant to Section
7.2) and the proceeds thereof shall be paid directly to the applicable Issuing Lender for application to the respective LOC Obligations. Each Revolving Lender hereby irrevocably agrees to make
such Revolving Loans immediately upon any such request or deemed request on account of each Mandatory Borrowing in the amount and in the manner specified in the preceding sentence and on the same
such date notwithstanding (i) the amount of Mandatory Borrowing may not comply with the minimum amount for borrowings of Revolving Loans otherwise required hereunder, (ii) whether any
conditions specified in Section 4.2 are then satisfied, (iii) whether a Default or an Event of Default then exists,

21

(iv) failure for any such request or deemed request for Revolving Loans to be made by
the time otherwise required in Section 2.1(b), (v) the date of such Mandatory Borrowing, or (vi) any reduction in the Revolving Committed Amount after any such Letter of Credit may have been
drawn upon. In the event that any Mandatory Borrowing cannot for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a
proceeding under the Bankruptcy Code with respect to the Borrower), then each such Revolving Lender hereby agrees that it shall forthwith fund (as of the date the Mandatory Borrowing would otherwise
have occurred, but adjusted for any payments received from the Borrower on or after such date and prior to such purchase) its Participation Interests in the outstanding LOC Obligations; provided
, further, that in the event any Revolving Lender shall fail to fund its Participation Interest on the day the Mandatory Borrowing would otherwise have occurred, then the amount of such
Revolving Lender’s unfunded Participation Interest therein shall bear interest payable to the applicable Issuing Lender upon demand, at the rate equal to, if paid within two (2) Business Days of
such date, the Federal Funds Effective Rate, and thereafter at a rate equal to the Alternate Base Rate.

(f)

Designation of Subsidiaries as Account Parties.
Notwithstanding anything to the contrary set forth in this Agreement, including without limitation Section 2.2(a), a Letter of Credit issued hereunder may contain a statement to the effect
that such Letter of Credit is issued for the account of a Subsidiary, provided that notwithstanding such statement, the Borrower shall be the actual account party for all purposes of this Agreement
for such Letter of Credit and such statement shall not affect the Borrower’s reimbursement obligations hereunder with respect to such Letter of Credit.

(g)

Modification, Extension. The issuance of any supplement,
modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

(h)

Uniform Customs and Practices/International Standby Practices
1998. The applicable Issuing Lender shall have the Letters of Credit be subject to The Uniform Customs and Practice for Documentary Credits (the “UCP”) or the International
Standby Practices 1998 (the “ISP98”), in either case as published as of the date of issue by the International Chamber of Commerce, in which case the UCP or ISP98, as applicable, may
be incorporated therein and deemed in all respects to be a part thereof.

(i)

Defaulting Lenders. Notwithstanding anything to the contrary
contained in this Section 2.2, the Issuing Lender shall not be obligated to issue any Letter of Credit at a time when any other Lender is a Defaulting Lender, unless the Issuing Lender has
entered into arrangements (which may include the delivery of cash collateral) with the Borrower or such Defaulting Lender which are satisfactory to the Issuing Lender to eliminate the Issuing
Lender’s Fronting Exposure (after giving effect to Section 2.19(c)) with respect to any such Defaulting Lender.

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Section 2.3

Swingline Loan Subfacility.

(a)

Swingline Commitment. During the Commitment Period, subject
to the terms and conditions hereof, the Swingline Lender, in its individual capacity, agrees to make certain revolving credit loans to the Borrower (each a “Swingline Loan” and,
collectively, the “Swingline Loans”) for the purposes hereinafter set forth; provided, however, (i) the aggregate amount of Swingline Loans outstanding at any time
shall not exceed THIRTY-FIVE MILLION DOLLARS ($35,000,000) (the “Swingline Committed Amount”), and (ii) the sum of the outstanding Revolving Loans plus outstanding Swingline
Loans plus outstanding LOC obligations shall not exceed the Revolving Committed Amount. Swingline Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof.

(b)

Swingline Loan Borrowings.

(i)

Notice of Borrowing and Disbursement. The Swingline Lender
will make Swingline Loans available to the Borrower on any Business Day upon delivery of a Notice of Borrowing by the Borrower to the Administrative Agent not later than 2:00 p.m. on such Business
Day. A form of Notice of Borrowing for Swingline Loans is attached as Schedule 2.3(b)(i). Swingline Loan borrowings hereunder shall be made in minimum amounts of $50,000 and in integral
amounts of $10,000 in excess thereof. Notwithstanding the foregoing, if the Borrower and the Administrative Agent have entered into a “Wells Fargo Sweep Plus Loan Service Agreement” and
such agreement has not been terminated, then Swingline Loans shall be made automatically in accordance with the terms of such agreement.

(ii)

Repayment of Swingline Loans. Each Swingline Loan borrowing
shall be due and payable on the Termination Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Administrative Agent, demand repayment of
its Swingline Loans by way of a Revolving Loans borrowing, and such repayment demand and Revolving Loans borrowing (unless given earlier) shall be deemed to have been given and in effect five (5)
Business Days from the date of each Swingline Loan borrowing, and the Borrower shall be deemed to have requested a Revolving Loans borrowing comprised entirely of Alternate Base Rate Loans in the
amount of such Swingline Loan; provided, however, that, in the following circumstances, any such demand shall be deemed to have been given one (1) Business Day prior to each of (a) the
Termination Date, (b) the occurrence of any Event of Default described in Section 7.1(e), (c) upon acceleration of the credit party obligations hereunder, whether on account of an Event of
Default described in Section 7.1(e) or any other Event of Default, and (d) the exercise of remedies in accordance with the provisions of Section 7.2 hereof (each such Revolving Loans
borrowing made on account of any such deemed request therefor as provided herein being hereinafter referred to as “Mandatory Swingline Borrowing”). Each Revolving Lender hereby
irrevocably agrees to make such Revolving Loans promptly upon any such request or deemed request on account of each Mandatory Swingline Borrowing in the amount and in the manner specified in the
preceding sentence and on the same such date notwithstanding (1) the amount of Mandatory Swingline Borrowing

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may not comply with the minimum amount for borrowings of Revolving Loans otherwise
required hereunder, (2) whether any conditions specified in Section 4.2 are then satisfied, (3) whether a Default or an Event of Default then exists, (4) failure of any such request or deemed
request for Revolving Loans to be made by the time otherwise required in Section 2.1(b)(i), (5) the date of such Mandatory Swingline Borrowing, or (6) any reduction in the Revolving Committed
Amount or termination of the Revolving Commitments immediately prior to such Mandatory Swingline Borrowing or contemporaneously therewith. In the event that any Mandatory Swingline Borrowing cannot
for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a proceeding under the Bankruptcy Code), then each Revolving Lender
hereby agrees that it shall forthwith purchase (as of the date the Mandatory Swingline Borrowing would otherwise have occurred, but adjusted for any payments received from the Borrower on or after
such date and prior to such purchase) from the Swingline Lender such participations in the outstanding Swingline Loans as shall be necessary to cause each such Revolving Lender to share in such
Swingline Loans ratably based upon its respective Revolving Commitment Percentage (determined before giving effect to any termination of the Commitments pursuant to Section 7.2); provided
 that (x) all interest payable on the Swingline Loans shall be for the account of the Swingline Lender until the date as of which the respective participation is purchased, and (y) at the time
any purchase of participations pursuant to this sentence is actually made, the purchasing Revolving Lender shall be required to pay to the Swingline Lender interest on the principal amount of such
participation purchased for each day from and including the day upon
which the Mandatory Swingline Borrowing would otherwise have occurred to but excluding the date of payment for such participation, at the rate equal to, if paid within two (2) Business Days of the
date of the Mandatory Swingline Borrowing, the Federal Funds Effective Rate, and thereafter at a rate equal to the Alternate Base Rate.

(c)

Interest on Swingline Loans. Subject to the provisions of
Section 2.8(b), Swingline Loans shall bear interest at a per annum rate equal to the LIBOR Market Index Rate plus the Applicable Margin for Revolving Loans that are LIBOR Rate Loans.
Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

(d)

Swingline Note. The Swingline Loans shall be evidenced by a
duly executed promissory note of the Borrower to the Swingline Lender in the original amount of the Swingline Committed Amount and substantially in the form of Schedule 2.3(d).

(e)

Defaulting Lenders. Notwithstanding anything to the contrary
contained in this Section 2.3, the Swingline Lender shall not be obligated to make any Swingline Loan at a time when any other Lender is a Defaulting Lender, unless the Swingline Lender has
entered into arrangements (which may include the delivery of cash collateral) with the Borrower or such Defaulting Lender which are satisfactory to the Swingline Lender to eliminate the Swingline
Lender’s Fronting Exposure (after giving effect to Section 2.19(c)) with respect to any such Defaulting Lender. If, at any time, the aggregate amount of cash collateral deposited by the
Borrower with respect to the 

24

Swingline Lender exceeds the amount of all Fronting Exposure with respect to the
Swingline Lender (after giving effect to Section 2.19(c)), the Administrative Agent shall, as promptly as practicable, refund to the Borrower a portion of such cash collateral equal to the
amount of such excess.

Section 2.4

Fees.

(a)

Commitment Fee. Subject to Section 2.19(f), the
Borrower will pay to the Administrative Agent, for the account of each Revolving Lender (other than any Defaulting Lender), a commitment fee (the “Commitment Fee”) equal in amount to
the product of the Applicable Margin with respect to the Commitment Fee multiplied by the average daily amount by which the Revolving Committed Amount of such Revolving Lender exceeds the average
daily principal amount outstanding under such Revolving Lender’s Revolving Note for the fiscal quarter (or portion thereof) then ended, payable in arrears on the last day of each March, June,
September and December and on the Termination Date. For purposes of computation of the Commitment Fee, Swingline Loans shall not be considered usage of the Revolving Committed Amount.

(b)

Letter of Credit Fees. In consideration of issuance of
standby Letters of Credit hereunder, the Borrower agrees to pay to the applicable Issuing Lender (i) a fee (the “Standby Letter of Credit Fee”) on such Lender’s Revolving
Commitment Percentage of the average daily maximum amount available to be drawn under each such standby Letter of Credit computed at a per annum rate for each day from the date of issuance to the
date of expiration equal to the Applicable Margin and (ii) a fee (the “Trade Letter of Credit Fee”) on such Lender’s Revolving Commitment Percentage of the average daily maximum
amount available to be drawn under each such trade Letter of Credit computed at a per annum rate for each day from the date of issuance to the date of expiration equal to the Applicable Margin. In
addition to such Standby Letter of Credit Fee and such Trade Letter of Credit Fee, the Borrower agrees to pay to the Issuing Lender, for its own account without sharing by the other Lenders, an
additional fronting fee of 0.125% per annum on the average daily maximum amount available to be drawn under each such Letter of Credit issued by it. The applicable Issuing Lender shall promptly pay
over to the Administrative Agent for the ratable benefit of the Revolving Lenders (including the applicable Issuing Lender) the Standby Letter of Credit Fee and the Trade Letter of Credit Fee. The
Standby Letter of Credit Fee, the Trade Letter of Credit Fee and the fronting fees for Letters of Credit shall be payable quarterly in arrears on the 15th day following the last day of each calendar
quarter for the prior calendar quarter.

(c)

Issuing Lender Fees. In addition to the Standby Letter of
Credit Fees and Trade Letter of Credit Fees payable pursuant to subsection (b) above, the Borrower shall pay to the applicable Issuing Lender for its own account without sharing by the other Lenders
the reasonable and customary charges from time to time of the applicable Issuing Lender with respect to the amendment, transfer, administration, cancellation and conversion of, and drawings under,
such Letters of Credit (collectively, the “Issuing Lender Fees”).

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(d)

Administrative Fee. The Borrower agrees to pay to the
Administrative Agent the annual administrative fee as described in the Administrative Agent’s Fee Letter.

Section 2.5

Reduction of the Revolving Commitments.

(a)

Voluntary Reductions. The Borrower shall have the right to
terminate or permanently reduce the Revolving Committed Amount at any time or from time to time upon not less than three (3) Business Days’ prior notice to the Administrative Agent (which shall
notify the Lenders thereof as soon as practicable) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction which shall be in
a minimum amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof and shall be irrevocable and effective upon receipt by the Administrative Agent, provided that no such
reduction or termination shall be permitted if after giving effect thereto, and to any prepayments of the Revolving Loans made on the effective date thereof, the sum of the then outstanding aggregate
principal amount of the Revolving Loans, Swingline Loans and LOC Obligations would exceed the Revolving Committed Amount after such proposed reduction.

(b)

Termination Date. The Revolving Commitments, the Swingline
Commitment and the LOC Commitments shall automatically terminate on the Termination Date.

Section 2.6

Minimum Borrowing Amounts and Principal Amounts of Tranches.

(a)

Each Alternate Base Rate Loan borrowing shall be in a minimum amount
of $250,000 and whole multiples of $100,000 in excess thereof.

(b)

Each LIBOR Rate Loan borrowing and each LIBOR Market Index Rate Loan
borrowed shall be in a minimum amount of $500,000 and whole multiples of $100,000 in excess thereof.

(c)

All borrowings, payments and prepayments in respect of Loans shall
be in such amounts and be made pursuant to such elections so that after giving effect thereto the aggregate principal amount of the Loans comprising any LIBOR Rate Loan shall either be zero or shall
not be less than $500,000 or a whole multiple of $100,000 in excess thereof.

Section 2.7

Prepayments.

(a)

Optional Prepayments. The Borrower shall have the right to
prepay the Loans in whole or in part from time to time; provided, however, that each partial prepayment of any Loan shall be in a minimum principal amount of $1,000,000 and integral
multiples of $100,000, and each partial prepayment of any Swingline Loans shall be in a minimum principal amount of $50,000 and integral multiples of $10,000 in excess thereof. The Borrower shall
give irrevocable written notice (or telephone notice promptly confirmed in writing which confirmation may be by fax) to the Administrative Agent (which shall notify the Lenders thereof as soon as
practicable) not later than 1:00

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p.m. (Charlotte, North Carolina time) on the date of the requested prepayment in the
case of Alternate Base Rate Loans or LIBOR Market Index Rate Loans, and on the third Business Day prior to the date of the requested prepayment in the case of LIBOR Rate Loans. Subject to the
foregoing terms, amounts prepaid under this Section 2.7(a) shall be applied as the Borrower may elect; provided, that each Lender shall receive its pro rata share of any
such prepayment based on its Revolving Commitment Percentage. Except to the extent otherwise specified by the Borrower, prepayments shall be applied first to Alternate Base Rate Loans, second to
LIBOR Market Index Rate Loans and then to LIBOR Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.7(a) shall be subject to Section 2.16, but
otherwise without premium or penalty. Interest on the principal amount prepaid accrued to the date of such prepayment shall be payable on the next occurring Interest Payment Date that would have
occurred had such loan not been prepaid or, in the case of LIBOR Rate Loans at the request of the Administrative Agent, interest on the principal amount prepaid shall be payable on any date that a
prepayment is made hereunder to the date of prepayment. Amounts prepaid on the Revolving Loans and Swingline Loans may be reborrowed in accordance with the terms hereof.

(b)

Mandatory Prepayments. If at any time after the Closing Date,
the sum of the aggregate principal amount of outstanding Revolving Loans plus LOC Obligations plus the outstanding Swingline Loans shall exceed the Revolving Committed Amount, the
Borrower immediately shall prepay the Revolving Loans and (after the Revolving Loans have been repaid) cash collateralize the LOC Obligations, in an amount sufficient to eliminate such excess. Such
prepayments shall be applied first to Alternate Base Rate Loans, second to LIBOR Market Index Rate Loans and then to LIBOR Rate Loans in direct order of Interest Period maturities. All prepayments
under this Section 2.7(b) shall be subject to Section 2.16 and be accompanied by interest on the principal amount prepaid to the date of prepayment. Amounts prepaid on Revolving Loans
may be reborrowed in accordance with the terms hereof.

Section 2.8

Interest Payments; Default Interest; Interest Payment Dates.

(a)

Interest Payments. Subject to the provisions of Section
2.8(b), all Loans shall bear interest as follows:

(i)

Alternate Base Rate Loans. During such periods as Loans shall
be comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum of the Alternate Base Rate plus the Applicable Margin;

(ii)

LIBOR Market Index Rate Loans. During such periods as Loans
shall be comprised of LIBOR Market Index Rate Loans, each such LIBOR Market Index Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Market Index Rate plus the
Applicable Margin; and

(iii)

LIBOR Rate Loans. During such periods as Loans shall be
comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest

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at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable
Margin.

(b)

Default Interest. Upon the occurrence, and during the
continuance, of a Default or an Event of Default, the principal of and, to the extent permitted by law, interest on the Loans and any other amounts owing hereunder or under the other Credit Documents
shall (at the option of the Required Lenders) bear interest, payable on demand, at a per annum rate 2% greater than the applicable rate then in effect or, if no rate is then in effect, at a per annum
rate 2% greater than the Alternate Base Rate. Upon and during the continuance of an Event of Default, all LIBOR Market Index Rate Loans and LIBOR Rate Loans shall be automatically converted to
Alternate Base Rate Loans, to take effect immediately in the case of LIBOR Market Index Rate Loans and in the case of LIBOR Rate Loans, on the last day of the applicable Interest Period for any such
LIBOR Rate Loans.

(c)

Interest Payment Date. Interest on Loans shall be payable in
arrears on each Interest Payment Date, subject to Section 2.11.

Section 2.9

Computation of Interest and Fees.

(a)

Interest payable hereunder with respect to Alternate Base Rate Loans
based on the Prime Rate shall be calculated on the basis of a year of 365 days (or 366 days, as applicable) for the actual days elapsed. All other interest and fees and all other interest amounts
payable hereunder shall be calculated on the basis of a 360 day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each
determination of a LIBOR Rate on the Business Day of the determination thereof. Any change in the interest rate on a Loan resulting from a change in the Alternate Base Rate shall become effective as
of the opening of business on the day on which such change in the Alternate Base Rate shall become effective. Any change in the interest rate on an LIBOR Market Index Rate Loan resulting from a
change in the LIBOR Market Index Rate shall become effective as of the opening of business on the day on which such change in the LIBOR Market Index Rate shall become effective. The Administrative
Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change.

(b)

Each determination of an interest rate by the Administrative Agent
pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the
Borrower, deliver to the Borrower a statement showing the computations used by the Administrative Agent in determining any interest rate.

(c)

It is the intent of the Lenders and the Borrower to conform to and
contract in strict compliance with applicable usury law from time to time in effect. All agreements between the Lenders and the Borrower are hereby limited by the provisions of this paragraph which
shall override and control all such agreements, whether now existing or hereafter arising and whether written or oral. In no way, nor in any event or contingency (including but not limited to
prepayment or acceleration of the maturity of

28

any obligation), shall the interest taken, reserved, contracted for, charged, or
received under this Agreement, under the Notes or otherwise, exceed the maximum nonusurious amount permissible under applicable law. If, from any possible construction of any of the Credit Documents
or any other document, interest would otherwise be payable in excess of the maximum nonusurious amount, any such construction shall be subject to the provisions of this paragraph and such interest
shall be automatically reduced to the maximum nonusurious amount permitted under applicable law, without the necessity of execution of any amendment or new document. If any Lender shall ever receive
anything of value which is characterized as interest on the Loans under applicable law and which would, apart from this provision, be in excess of the maximum nonusurious amount, an amount equal to
the amount which would have been excessive interest shall, without penalty, be applied to the reduction of the principal amount owing on the Loans and not to the payment of interest, or refunded to
the Borrower or the other payor thereof if and to the extent such amount which would have been excessive exceeds such unpaid principal amount of the Loans. The right to demand payment of the Loans or
any other Indebtedness evidenced by any of the Credit Documents does not include the right to receive any interest which has not otherwise accrued on the date of such demand, and the Lenders do not
intend to charge or receive any unearned interest in the event of such demand. All interest paid or agreed to be paid to the Lenders with respect to the Loans shall, to the extent permitted by
applicable law, be amortized, prorated, allocated, and spread throughout the full stated term (including any renewal or extension) of the Loans so that the amount of interest on account of such
indebtedness does not exceed the maximum nonusurious
amount permitted by applicable law.

Section 2.10

Conversion Options.

(a)

The Borrower may elect from time to time to convert Alternate Base
Rate Loans or LIBOR Market Index Rate Loans to LIBOR Rate Loans by giving irrevocable written notice (or telephone notice promptly confirmed in writing which confirmation may be by fax) to the
Administrative Agent not later than 1:00 p.m. (Charlotte, North Carolina time) on the third Business Day prior to the date of the requested conversion. A form of Notice of Conversion/ Extension is
attached as Schedule 2.10. If the date upon which an Alternate Base Rate Loan or LIBOR Market Index Rate Loan is to be converted to a LIBOR Rate Loan is not a Business Day, then such
conversion shall be made on the next succeeding Business Day and during the period from such last day of an Interest Period to such succeeding Business Day such Loan shall bear interest as if it were
an Alternate Base Rate Loan or LIBOR Market Index Rate Loan, as applicable. All or any part of outstanding Alternate Base Rate Loans or LIBOR Market Index Rate Loans may be converted as provided
herein, provided that (i) at the Administrative Agent’s discretion, no Loan may be converted into a LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing and
(ii) partial conversions shall be in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.

(b)

The Borrower may elect from time to time to convert Alternate Base
Rate Loans to LIBOR Market Index Rate Loans and LIBOR Market Index Rate Loans to Alternate Base Rate Loans by giving irrevocable written notice (or telephone notice

29

promptly confirmed in writing which confirmation may be by fax) to the Administrative
Agent not later than 1:00 p.m. (Charlotte, North Carolina time) on the date of the requested conversion provided that partial conversions to Alternate Base Rate Loans shall be in an aggregate
principal amount of $250,000 or a whole multiple of $100,000 in excess thereof and partial conversions to LIBOR Market Index Rate Loans shall be in an aggregate principal amount of $500,000 or a
whole multiple of $100,000 in excess thereof. If the date upon which an Alternate Base Rate Loan is to be converted to a LIBOR Market Index Rate Loan or a LIBOR Market Index Rate Loan is to be
converted to an Alternate Base Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day.

(c)

The Borrower may elect from time to time to convert LIBOR Rate Loans
to LIBOR Market Index Rate Loans or Alternate Base Rate Loans by giving irrevocable written notice (or telephone notice promptly confirmed in writing which confirmation may be by fax) to the
Administrative Agent not later than 1:00 p.m. (Charlotte, North Carolina time) on the date of the requested conversion provided that (i) partial conversions to Alternate Base Rate Loans shall
be in an aggregate principal amount of $250,000 or a whole multiple of $100,000 in excess thereof and partial conversions to LIBOR Market Index Rate Loans shall be in an aggregate principal amount of
$500,000 or a whole multiple of $100,000 in excess thereof and (ii) the Borrower pays the Lenders all amounts required by Section 2.16 hereof in connection with such conversion. If the date
upon which a LIBOR Rate Loan is to be converted to a LIBOR Market Index Rate Loan or an Alternate Base Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding
Business Day.

(d)

Any LIBOR Rate Loans may be continued as such upon the expiration of
an Interest Period with respect thereto by compliance by the Borrower with the notice provisions contained in Section 2.10(a); provided, that, at the Administrative Agent’s
discretion, no LIBOR Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, in which case such Loan shall be automatically converted to a LIBOR Market
Index Rate Loan at the end of the applicable Interest Period with respect thereto. If the Borrower shall fail to give timely notice of an election to continue a LIBOR Rate Loan, or the continuation
of LIBOR Rate Loans is not permitted hereunder, such LIBOR Rate Loans shall be automatically converted to LIBOR Market Index Rate Loans at the end of the applicable Index Period with respect thereto.

Section 2.11

Pro Rata Treatment and Payments.

Each borrowing of Revolving Loans and any reduction of the Revolving Commitments (other
than a reduction of Revolving Commitments pursuant to Section 2.23) shall be made pro rata according to the respective Revolving Commitment Percentages of the Revolving Lenders.
Each payment under this Agreement or any Note shall be applied, first, to any fees then due and owing by the Borrower pursuant to Section 2.4(a), second, to interest then due and owing in
respect of the Notes of the Borrower and, third, to principal then due and owing hereunder and under the Notes of the Borrower. Each payment on account of any fees pursuant to Sections 2.4(a),
(b) and (c) shall be made pro rata in accordance with the respective amounts of such fees due and owing. Each payment (other than payments pursuant to Section 2.23
or prepayments)

30

by the Borrower on account of principal of and interest on the Loans shall be made pro rata
according to the respective amounts due and owing in accordance with Section 2.7(a) hereof. Each optional prepayment on account of principal of the Loans shall be applied to such of the Loans
as the Borrower may designate (to be applied pro rata among the Lenders); provided, that prepayments made pursuant to Section 2.14 shall be applied in accordance with such
section, and payments pursuant to Section 2.23 shall be applied in accordance with such section. Each mandatory prepayment (other than payments pursuant to Section 2.23) on account of
principal of the Loans shall be applied in accordance with Section 2.7(b). All payments (including prepayments) to be made by the Borrower on account of principal, interest and fees shall be
made without defense, set-off or counterclaim (except as provided in Section 2.17(b)) and shall be made to the Administrative Agent for the account of the Lenders at the Administrative
Agent’s office specified on Schedule 9.2 in Dollars and in immediately available funds not later than 1:00 p.m. (Charlotte, North Carolina time) on the date when due. The Administrative
Agent shall distribute such payments to the Lenders entitled thereto promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the LIBOR Rate Loans) becomes
due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable
at the then applicable rate during such extension. If any payment on a LIBOR Rate Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next
succeeding Business Day unless
the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. Notwithstanding the
foregoing, if a Lender is a Defaulting Lender, each payment by the Borrower to such Defaulting Lender hereunder shall be applied in accordance with Section 2.19(b).

Section 2.12

Non-Receipt of Funds by the Administrative Agent.

(a)

Unless the Administrative Agent shall have been notified in writing
by a Lender prior to the date a Loan is to be made by such Lender (which notice shall be effective upon receipt) that such Lender does not intend to make the proceeds of such Loan available to the
Administrative Agent, the Administrative Agent may assume that such Lender has made such proceeds available to the Administrative Agent on such date, and the Administrative Agent may in reliance upon
such assumption (but shall not be required to) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent, the
Administrative Agent shall be able to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand
therefor, the Administrative Agent will promptly notify the Borrower, and the Borrower shall immediately pay such corresponding amount to the Administrative Agent. The Administrative Agent shall also
be entitled to recover from the Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by
the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent at a per annum rate equal to (i) from the Borrower at the applicable rate for
the applicable borrowing pursuant to the Notice of Borrowing and (ii) from a Lender at the Federal Funds Effective Rate.

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(b)

Unless the Administrative Agent shall have been notified in writing
by the Borrower, prior to the date on which any payment is due from it hereunder (which notice shall be effective upon receipt) that the Borrower does not intend to make such payment, the
Administrative Agent may assume that the Borrower has made such payment when due, and the Administrative Agent may in reliance upon such assumption (but shall not be required to) make available to
each Lender on such payment date an amount equal to the portion of such assumed payment to which such Lender is entitled hereunder, and if the Borrower has not in fact made such payment to the
Administrative Agent, such Lender shall, on demand, repay to the Administrative Agent the amount made available to such Lender. If such amount is repaid to the Administrative Agent on a date after
the date such amount was made available to such Lender, such Lender shall pay to the Administrative Agent on demand interest on such amount in respect of each day from the date such amount was made
available by the Administrative Agent to such Lender to the date such amount is recovered by the Administrative Agent at a per annum rate equal to the Federal Funds Effective Rate.

(c)

A certificate of the Administrative Agent submitted to the Borrower
or any Lender with respect to any amount owing under this Section 2.12 shall be conclusive in the absence of manifest error.

Section 2.13

Inability to Determine Interest Rate.

Notwithstanding any other provision of this Agreement, if (i) the Administrative Agent
shall reasonably determine (which determination shall be conclusive and binding absent manifest error) that, by reason of circumstances affecting the relevant market, reasonable and adequate means do
not exist for ascertaining LIBOR for an Interest Period, or (ii) the Required Lenders shall reasonably determine (which determination shall be conclusive and binding absent manifest error) that the
LIBOR Rate does not adequately and fairly reflect the cost to such Lenders of funding LIBOR Rate Loans that the Borrower has requested be outstanding as a LIBOR Tranche during an Interest Period, the
Administrative Agent shall forthwith give telephone notice of such determination, confirmed in writing, to the Borrower, and the Lenders at least two Business Days prior to the first day of such
Interest Period. Unless the Borrower shall have notified the Administrative Agent upon receipt of such telephone notice that it wishes to rescind or modify its request regarding such LIBOR Rate
Loans, any Loans that were requested to be made as LIBOR Rate Loans shall be made as LIBOR Market Index Rate Loans and any Loans that were requested to be converted into or continued as LIBOR Rate
Loans shall be converted into LIBOR Market Index Rate Loans. Until any such notice has been withdrawn by the Administrative Agent, no further Loans shall be made as, continued as, or converted into,
LIBOR Rate Loans for the Interest Periods so affected.

Section 2.14

Illegality.

Notwithstanding any other provision of this Agreement, if the adoption of or any change
in any Requirement of Law or in the interpretation or application thereof by the relevant Governmental Authority to any Lender shall make it unlawful for such Lender or its LIBOR Lending Office to
make or maintain LIBOR Rate Loans as contemplated by this Agreement or to obtain in the interbank eurodollar market through its LIBOR Lending Office the funds with

32

which to make such Loans, (a) such Lender shall promptly notify the Administrative Agent and the Borrower
thereof, (b) the commitment of such Lender hereunder to make LIBOR Rate Loans or continue LIBOR Rate Loans as such shall forthwith be suspended until the Administrative Agent shall give notice that
the condition or situation which gave rise to the suspension shall no longer exist, and (c) such Lender’s Loans then outstanding as LIBOR Rate Loans, if any, shall be converted on the last day
of the Interest Period for such Loans or within such earlier period as required by law as LIBOR Market Index Rate Loans. The Borrower hereby agrees promptly to pay any Lender, upon its demand, any
additional amounts necessary to compensate such Lender for actual and direct costs (but not including anticipated profits) reasonably incurred by such Lender in making any repayment in accordance
with this Section including, but not limited to, any interest or fees payable by such Lender to lenders of funds obtained by it in order to make or maintain its LIBOR Rate Loans hereunder. A
certificate as to any additional amounts payable pursuant to this Section submitted by such Lender, through the Administrative Agent, to the Borrower shall be conclusive in the absence of manifest
error. Each Lender agrees to use reasonable efforts (including reasonable efforts to change its LIBOR Lending Office) to avoid or to minimize any amounts which may otherwise be payable pursuant to
this Section; provided, however, that such efforts shall not cause the imposition on such Lender of any additional costs or legal or regulatory burdens deemed by such Lender in its sole
discretion to be material.

Section 2.15

Requirements of Law.

(a)

If the adoption of or any change in any Requirement of Law or in the
interpretation or application thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made
subsequent to the date hereof (or, with respect to (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in
connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States or foreign regulatory authorities (in each case pursuant to Basel III), in each case regardless of the date enacted, adopted or issued):

(i)

shall subject such Lender to any tax of any kind whatsoever with
respect to any Letter of Credit or any application relating thereto, any Loan made by it, or change the basis of taxation of payments to such Lender in respect thereof (except for changes in the rate
of tax on the overall net income, profits or gross receipts of such Lender or in the rate of any franchise tax or branch profits tax applicable to such Lender);

(ii)

shall impose, modify or hold applicable any reserve, special
deposit, compulsory loan or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other
acquisition of funds by, any office of such Lender which is not otherwise included in the determination of the LIBOR Rate hereunder; or

33

(iii)

shall impose on such Lender any other condition, cost or expense
(other than Taxes) affecting this Agreement or Loans made by such Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing is to increase the cost to such Lender of
making or maintaining Loans or to reduce any amount receivable hereunder or under any Note, in each case in connection with any Loans, then, in any such case, the Borrower shall promptly pay such
Lender, upon its demand, any additional amounts necessary to compensate such Lender for such additional cost or reduced amount receivable which such Lender reasonably deems to be material as
determined by such Lender with respect to its Loans. A certificate as to any additional amounts payable pursuant to this Section submitted by such Lender, through the Administrative Agent, to the
Borrower shall be conclusive in the absence of manifest error. Each Lender agrees to use reasonable efforts (including reasonable efforts to change its Domestic Lending Office or LIBOR Lending
Office, as the case may be) to avoid or to minimize any amounts which might otherwise be payable pursuant to this paragraph of this Section; provided, however, that such efforts shall
not cause the imposition on such Lender of any additional costs or legal or regulatory burdens deemed by such Lender to be material.

(b)

If any Lender shall have reasonably determined that the adoption of
or any change in any Requirement of Law regarding capital adequacy or in the interpretation or application thereof or compliance by such Lender or any corporation controlling such Lender with any
request or directive regarding capital adequacy (whether or not having the force of law) from any central bank or Governmental Authority made subsequent to the date hereof does or shall have the
effect of reducing the rate of return on such Lender’s or such corporation’s capital as a consequence of its obligations hereunder to a level below that which such Lender or such
corporation could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s or such corporation’s policies with respect to capital adequacy) by an
amount reasonably deemed by such Lender to be material, then from time to time, within fifteen (15) days after demand by such Lender, the Borrower shall pay to such Lender such additional amount as
shall be certified by such Lender as being required to compensate it for such reduction. Such a certificate as to any additional amounts payable under this Section submitted by a Lender (which
certificate shall include a description of the basis for the computation), through the Administrative Agent, to the Borrower shall be conclusive absent manifest error.

(c)

The agreements in this Section 2.15 shall survive the
termination of this Agreement and payment of the Notes and all other amounts payable hereunder.

Section 2.16

Indemnity.

The Borrower hereby agrees to indemnify each Lender and to hold such Lender harmless
from any funding loss or expense which such Lender may sustain or incur as a consequence of (a) default by the Borrower in payment of the principal amount of or interest on any LIBOR Rate Loan by
such Lender in accordance with the terms hereof, (b) default by the Borrower in accepting a LIBOR Rate Loan after the Borrower has given a notice in accordance with the terms

34

hereof, (c) default by the Borrower in making any prepayment of a LIBOR Rate Loan after the Borrower has
given a notice in accordance with the terms hereof, and/or (d) the making by the Borrower of a prepayment of a LIBOR Rate Loan, or the conversion thereof, on a day which is not the last day of the
Interest Period with respect thereto, in each case including, but not limited to, any such loss or expense arising from interest or fees payable by such Lender to lenders of funds obtained by it in
order to maintain its LIBOR Rate Loans hereunder. A certificate as to any additional amounts payable pursuant to this Section submitted by any Lender, through the Administrative Agent, to the
Borrower (which certificate must be delivered to the Administrative Agent within thirty days following such default, prepayment or conversion) shall be conclusive in the absence of manifest error.
The agreements in this Section shall survive termination of this Agreement and payment of the Notes and all other amounts payable hereunder.

Section 2.17

Taxes.

(a)

All payments made by the Borrower hereunder or under any Note will
be, except as provided in Section 2.17(b), made free and clear of, and without deduction or withholding for, any present or future taxes, levies, imposts, duties, fees, assessments or other
charges of whatever nature now or hereafter imposed by any Governmental Authority or by any political subdivision or taxing authority thereof or therein with respect to such payments (but excluding
any tax imposed on or measured by the net income, profits or gross receipts of a Lender or any franchise tax or branch profits tax) and all interest, penalties or similar liabilities with respect
thereto (all such non-excluded taxes, levies, imposts, duties, fees, assessments or other charges being referred to collectively as “Taxes”). If any Taxes are so levied or imposed,
the Borrower agrees to pay the full amount of such Taxes, and such additional amounts as may be necessary so that every payment of all amounts due under this Agreement or under any Note, after
withholding or deduction for or on account of any Taxes, will not be less than the amount provided for herein or in such Note. The Borrower will furnish to the Administrative Agent as soon as
practicable after the date the payment of any Taxes is due pursuant to applicable law certified copies (to the extent reasonably available and required by law) of tax receipts evidencing such payment
by the Borrower. The Borrower agrees to indemnify and hold harmless each Lender, and reimburse such Lender upon its written request, for the amount of any Taxes so levied or imposed and paid by such
Lender but excluding any interest or penalties caused by such Lender’s failure to pay any such taxes when due.

(b)

Each Lender that is not a United States person (as such term is
defined in Section 7701(a)(30) of the Code) agrees to deliver to the Borrower and the Administrative Agent on or prior to the Closing Date, or in the case of a Lender that is an assignee or
transferee of an interest under this Agreement pursuant to Section 9.6(b) (unless the respective Lender was already a Lender hereunder immediately prior to such assignment or transfer), on the
date of such assignment or transfer to such Lender, (i) if the Lender is a “bank” within the meaning of Section 881(c)(3)(A) of the Code, two accurate and complete original signed copies of
Internal Revenue Service Form 4224 or 1001 (or successor forms) certifying such Lender’s entitlement to a complete exemption from United States withholding tax with respect to payments to be
made under this Agreement and under any Note, or (ii) if the Lender is not a “bank” within the meaning

35

of Section 881(c)(3)(A) of the Code, either Internal Revenue Service Form 1001 or 4224
as set forth in clause (i) above, or (x) a certificate substantially in the form of Schedule 2.17 (any such certificate, a “2.17 Certificate”) and (y) two accurate and
complete original signed copies of Internal Revenue Service Form W-8 (or successor form) certifying such Lender’s entitlement to an exemption from United States withholding tax with respect to
payments of interest to be made under this Agreement and under any Note. In addition, each Lender agrees that it will deliver upon the Borrower’s request updated versions of the foregoing, as
applicable, whenever the previous certification has become obsolete or inaccurate in any material respect, together with such other forms as may be required in order to confirm or establish the
entitlement of such Lender to a continued exemption from or reduction in United States withholding tax with respect to payments under this Agreement and any Note. Notwithstanding anything to the
contrary contained in Section 2.17(a), but subject to the immediately succeeding sentence, (x) the Borrower shall be entitled, to the extent it is required to do so by law, to deduct or
withhold Taxes imposed by the United States (or any political subdivision or taxing authority thereof or therein) from interest, fees or other amounts payable hereunder for the account of any Lender
which is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) for U.S. Federal income tax purposes to the extent that such Lender has not provided to the Borrower
U.S. Internal Revenue Service Forms that establish a complete exemption from such deduction or withholding and (y) the Borrower shall not be obligated pursuant to Section 2.17(a) hereof to
gross-up payments to be made to a Lender in respect of Taxes imposed by
the United States if (I) such Lender has not provided to the Borrower the Internal Revenue Service Forms required to be provided to the Borrower pursuant to this Section 2.17(b) or (II) in the
case of a payment, other than interest, to a Lender described in clause (ii) above, to the extent that such Forms do not establish a complete exemption from withholding of such Taxes. Notwithstanding
anything to the contrary contained in the preceding sentence or elsewhere in this Section 2.17, the Borrower agrees to pay additional amounts and to indemnify each Lender in the manner set
forth in Section 2.17(a) (without regard to the identity of the jurisdiction requiring the deduction or withholding) in respect of any amounts deducted or withheld by it as described in the
immediately preceding sentence as a result of any changes after the Closing Date in any applicable law, treaty, governmental rule, regulation, guideline or order, or in the interpretation thereof,
relating to the deducting or withholding of Taxes.

If a payment made to a Lender under any Credit Document would be subject to U.S.
Federal withholding Tax imposed by FATCA if such Lender fails to comply with any requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such
Lender shall (A) enter into such agreements with the IRS as necessary to establish an exemption from withholding under FATCA; (B) comply with any certification, documentation, information, reporting
or other requirement necessary to establish an exemption from withholding under FATCA; (C) provide any documentation reasonably requested by the Borrower or the Administrative Agent sufficient for
the Administrative Agent and the Borrower to comply with their respective obligations, if any, under FATCA and to determine that such Lender has complied such applicable requirements; and (D) provide
a certification signed by the chief financial officer, principal accounting officer, treasurer or controller of such Lender certifying that such Lender has complied with any necessary requirements to
establish an exemption from

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withholding under FATCA. To the extent that the relevant documentation provided
pursuant to this paragraph is rendered obsolete or inaccurate in any material respect as a result of changes in circumstances with respect to the status of a Lender or Issuing Lender, such Lender or
Issuing Lender shall, to the extent permitted by applicable law, deliver to the Borrower and the Administrative Agent revised and/or updated documentation sufficient for the Borrower and the
Administrative Agent to confirm such Lender’s or such Issuing Lender’s compliance with their respective obligations under FATCA.

(c)

Each Lender agrees to use reasonable efforts (including reasonable
efforts to change its Domestic Lending Office or LIBOR Lending Office, as the case may be) to avoid or to minimize any amounts which might otherwise be payable pursuant to this Section; provided
, however, that such efforts shall not cause the imposition on such Lender of any additional costs or legal or regulatory burdens deemed by such Lender in its sole discretion to be
material.

(d)

If the Borrower pays any additional amount pursuant to this
Section 2.17 with respect to a Lender, such Lender shall use reasonable efforts to obtain a refund of tax or credit against its tax liabilities on account of such payment; provided that
such Lender shall have no obligation to use such reasonable efforts if either (i) it is in an excess foreign tax credit position or (ii) it believes in good faith, in its sole discretion, that
claiming a refund or credit would cause adverse tax consequences to it. In the event that such Lender receives such a refund or credit, such Lender shall pay to the Borrower an amount that such
Lender reasonably determines is equal to the net tax benefit obtained by such Lender as a result of such payment by the Borrower. In the event that no refund or credit is obtained with respect to the
Borrower’s payments to such Lender pursuant to this Section 2.17(d), then such Lender shall upon request provide a certification that such Lender has not received a refund or credit for
such payments. Nothing contained in this Section 2.17(d) shall require a Lender to disclose or detail the basis of its calculation of the amount of any tax benefit or any other amount or the
basis of its determination referred to in the proviso to the first sentence of this Section 2.17(d) to the Borrower or any other party.

(e)

The agreements in this Section 2.17 shall survive the
termination of this Agreement and the payment of the Notes and all other amounts payable hereunder.

(f)

Each Lender and the Issuing Lender shall indemnify the
Administrative Agent within ten (10) days after demand therefor, for the full amount of any Excluded Taxes attributable to such Lender or Issuing Lender that are payable or paid by the Administrative
Agent, and reasonable expenses arising therefrom or with respect thereto, whether or not such Excluded Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A
certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender and the Issuing Lender hereby
authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or the Issuing Lender, as the case may be, under any Credit Document against any amount
due

37

to the Administrative Agent under this paragraph (f). The agreements in this paragraph
(f) shall survive the resignation and/or replacement of the Administrative Agent.

Section 2.18

Waiver of Notice.

(a)

Except as otherwise expressly provided herein, the Borrower hereby
waives notice of occurrence of any Default or Event of Default or of any demand for any payment under this Agreement (in each case except to the extent such notice or such demand is expressly
required to be given pursuant to the terms of this Agreement), notice of any action at any time taken or omitted by the Administrative Agent or the Lenders under or in respect of any of the
Obligations hereunder, any requirement of diligence and, generally, all demands, notices and other formalities of every kind in connection with this Agreement. The Borrower hereby assents to, and
waives notice of, any extension or postponement of the time for the payment of any of the Obligations hereunder, the acceptance of any partial payment thereon, any waiver, consent or other action or
acquiescence by the Administrative Agent or the Lenders at any time or times in respect of any default by the Borrower in the performance or satisfaction of any term, covenant, condition or provision
of this Agreement or any other Credit Document, any and all other indulgences whatsoever by the Administrative Agent or the Lenders in respect of any of the Obligations hereunder, and the taking,
addition, substitution or release, in whole or in part, at any time or times, of any security for any of such Obligations or the addition, substitution or release, in whole or in part, of any
Borrower. Without limiting the generality of the foregoing, the Borrower assents to any other action or delay in acting or any failure to act on the part of the Administrative Agent or the Lenders,
including, without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with applicable laws or regulations thereunder which might, but for
the provisions of this Section 2.18, afford grounds for terminating,
discharging or relieving the Borrower, in whole or in part, from any of its obligations under this Section 2.18, it being the intention of the Borrower that, so long as any of the Obligations
remain unsatisfied, the obligations of the Borrower under this Section 2.18 shall not be discharged except by performance and then only to the extent of such performance. The obligations of
the Borrower under this Section 2.18 shall not be diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with
respect to any reconstruction or similar proceeding with respect to the Borrower or any Lender.

(b)

The provisions of this Section 2.18 are made for the benefit
of the Administrative Agent and the Lenders and their respective successors and assigns, and may be enforced by any such Person from time to time against the Borrower as often as occasion therefor
may arise and without requirement on the part of any Lender first to marshal any of its claims or to resort to any other source or means of obtaining payment of any of the Obligations or to elect any
other remedy. Without limiting the generality of the foregoing, the Borrower hereby specifically waives the benefits of N.C. Gen. Stat. §§26-7 through 26-9, inclusive, to the extent
applicable. The provisions of this Section 2.18 shall remain in effect until all the Obligations hereunder shall have been paid in full or otherwise fully satisfied. If at any time, any
payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned

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by the Lenders upon the insolvency, bankruptcy or reorganization of the Borrower, or
otherwise, the provisions of this Section 2.18 will forthwith be reinstated and in effect as though such payment had not been made.

Section 2.19

Defaulting Lenders. 

Notwithstanding anything to the contrary contained in this Agreement, if any Lender
becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

(a)

Waivers and Amendments. Such Defaulting Lender’s right
to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 9.1.

(b)

Reallocation of Payments. Any payment of principal, interest,
fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, or otherwise, and including any amounts made
available to the Administrative Agent for the account of such Defaulting Lender pursuant to Section 9.7(b)), shall be applied at such time or times as may be determined by the Administrative
Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts
owing by such Defaulting Lender to the applicable Issuing Lender and/or the Swingline Lender hereunder; third, to be held as cash collateral for future funding obligations of such Defaulting
Lender of any participation in any Swingline Loan or Letter of Credit; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in
respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the
Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of such Defaulting Lender to fund Loans under this Agreement;
sixth, to the payment of any amounts owing to the Administrative Agent, the Lenders, the applicable Issuing Lender or Swingline Lender as a result of any judgment of a court of competent
jurisdiction obtained by the Administrative Agent, any Lender, the applicable Issuing Lender or Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of
its obligations under this Agreement; seventh, so long as no Default
or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting
Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent
jurisdiction; provided that if (i) such payment is a payment of the principal amount of any Revolving Loans or funded participations in Swingline Loans or Letters of Credit in respect of which such
Defaulting Lender has not fully funded its appropriate share and (ii) such Revolving Loans or funded participations in Swingline Loans or Letters of Credit were made at a time when the conditions set
forth in Section 4.2 were satisfied or waived, such payment shall be applied solely to pay the Revolving Loans of, and funded participations in Swingline Loans or Letters of Credit owed to,
all Non-

39

Defaulting Lenders on a pro rata basis prior to being applied to the payment of any
Revolving Loans of, or funded participations in Swingline Loans or Letters of Credit owed to, such Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender
that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.19(b) shall be deemed paid to and redirected by such Defaulting
Lender, and each Lender irrevocably consents hereto.

(c)

Reallocation of Applicable Percentages to Reduce Fronting
Exposure. During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each Non-Defaulting Lender to acquire, refinance or fund
participations in Letters of Credit or Swingline Loans pursuant to Section 2.2 and Section 2.3, the “Revolving Commitment Percentage” of each Non-Defaulting Lender shall be
computed without giving effect to the Revolving Commitment of such Defaulting Lender; provided that (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes
a Defaulting Lender, the conditions set forth in Section 4.2 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative Agent at
such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time) and (ii) the aggregate obligation of each Non-Defaulting Lender to acquire,
refinance or fund participations in Letters of Credit and Swingline Loans shall not exceed the positive difference, if any, of (A) the Revolving Commitment of that Non-Defaulting Lender minus (B) the
aggregate outstanding principal amount of the Revolving Loans of that Lender.

(d)

Cash Collateral for Letters of Credit. Promptly on demand by
the applicable Issuing Lender or the Administrative Agent from time to time, the Borrower shall deliver to the Administrative Agent cash collateral in an amount sufficient to cover all Fronting
Exposure with respect to the applicable Issuing Lender (after giving effect to Section 2.19(c)) on terms reasonably satisfactory to the Administrative Agent and the applicable Issuing Lender
(and such cash collateral shall be in Dollars). Any such cash collateral shall be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the
Administrative Agent, as collateral (solely for the benefit of the applicable Issuing Lender) for the payment and performance of each Defaulting Lender’s Revolving Commitment Percentage of
outstanding LOC Obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse the applicable Issuing Lender immediately for each Defaulting Lender’s Revolving
Commitment Percentage of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower or such Defaulting Lender. If, at any time, the aggregate amount of cash
collateral deposited by the Borrower with respect to any Issuing Lender exceeds the amount of all Fronting Exposure with respect to such Issuing Lender (after giving effect to Section 2.19(c)
), the Administrative Agent shall, as promptly as practicable, refund to the Borrower a portion of such cash collateral equal to the amount of such excess.

(e)

Prepayment of Swingline Loans. Promptly on demand by the
Swingline Lender or the Administrative Agent from time to time, the Borrower shall prepay

40

Swingline Loans in an amount of all Fronting Exposure with respect to the Swingline
Lender (after giving effect to Section 2.19(c)).

(f)

Certain Fees. For any period during which such Lender is a
Defaulting Lender, such Defaulting Lender (i) shall not be entitled to receive any Commitment Fee pursuant to Section 2.4(a) (and the Borrower shall not be required to pay any such fee that
otherwise would have been required to have been paid to such Defaulting Lender) and (ii) shall not be entitled to receive any letter of credit fees pursuant to Section 2.4(b) otherwise payable
to the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided cash collateral or other credit support arrangements satisfactory to the
applicable Issuing Lender pursuant to Section 2.19(d), but instead, the Borrower shall pay to the Non-Defaulting Lenders the amount of such letter of credit fees in accordance with the upward
adjustments in their respective Revolving Commitment Percentages allocable to such Letter of Credit pursuant to Section 2.19(c), with the balance of such fee, if any, payable to the applicable
Issuing Lender for its own account.

(g)

Defaulting Lender Cure. If the Borrower, the Administrative
Agent, the Swingline Lender and the Issuing Lenders agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent
will so notify the parties hereto, whereupon as of the date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any cash
collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Revolving Loans of the other Lenders or take such other actions as the Administrative Agent may determine
to be necessary to cause the Revolving Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata basis by the Lenders in accordance with their
Revolving Commitment Percentages (without giving effect to Section 2.19(c)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively
with respect to fees accrued or payments made by or on behalf of the Borrower while such Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by
the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a
Defaulting Lender.

Section 2.20

[Intentionally Left Blank.] 

Section 2.21

Indemnification; Nature of Issuing Lender’s Duties.

(a)

In addition to its other obligations under Section 2.2, the
Borrower hereby agrees to protect, indemnify, pay and save the applicable Issuing Lender harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and
expenses (including reasonable attorneys’ fees) that the applicable Issuing Lender may incur or be subject to as a consequence, direct or indirect, of (i) the issuance of any Letter of Credit or
(ii) the failure of the applicable Issuing Lender to honor a drawing under a Letter of Credit as a result of any act or omission, whether rightful or wrongful, of any

41

present or future de jure or de facto government or governmental authority (all such
acts or omissions, herein called “Government Acts”).

(b)

As between the Borrower and the applicable Issuing Lender, the
Borrower shall assume all risks of the acts, omissions or misuse of any Letter of Credit by the beneficiary thereof. The applicable Issuing Lender shall not be responsible: (i) for the form,
validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party in connection with the application for and issuance of any Letter of Credit, even if it should in
fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) for the validity or sufficiency of any instrument transferring or assigning or purporting to
transfer or assign any Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, that may prove to be invalid or ineffective for any reason; (iii) for failure of
the beneficiary of a Letter of Credit to comply fully with conditions required in order to draw upon a Letter of Credit; (iv) for errors, omissions, interruptions or delays in transmission or
delivery of any messages, by mail, cable, telegraph, telex or otherwise, whether or not they be in cipher; (v) for errors in interpretation of technical terms; (vi) for any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under a Letter of Credit or of the proceeds thereof; and (vii) for any consequences arising from causes beyond the
control of the applicable Issuing Lender, including, without limitation, any Government Acts. None of the above shall affect, impair, or prevent the vesting of the applicable Issuing Lender’s
rights or powers hereunder.

(c)

In furtherance and extension and not in limitation of the specific
provisions hereinabove set forth, any action taken or omitted by the applicable Issuing Lender, under or in connection with any Letter of Credit or the related certificates, if taken or omitted in
good faith, shall not put such applicable Issuing Lender under any resulting liability to the Borrower. It is the intention of the parties that this Agreement shall be construed and applied to
protect and indemnify the applicable Issuing Lender against any and all risks involved in the issuance of the Letters of Credit, all of which risks are hereby assumed by the Borrower, including,
without limitation, any and all risks of the acts or omissions, whether rightful or wrongful, of any Government Authority. The applicable Issuing Lender shall not, in any way, be liable for any
failure by the applicable Issuing Lender or anyone else to pay any drawing under any Letter of Credit as a result of any Government Acts or any other cause beyond the control of the applicable
Issuing Lender.

(d)

Nothing in this Section 2.21 is intended to limit the
reimbursement obligation of the Borrower contained in Section 2.2(d) hereof. The obligations of the Borrower under this Section 2.21 shall survive the termination of this Agreement. No
act or omissions of any current or prior beneficiary of a Letter of Credit shall in any way affect or impair the rights of the applicable Issuing Lender to enforce any right, power or benefit under
this Agreement.

(e)

Notwithstanding anything to the contrary contained in this
Section 2.21, the Borrower shall have no obligation to indemnify the applicable Issuing Lender in respect of any liability incurred by the applicable Issuing Lender (i) arising out of the

42

gross negligence or willful misconduct of the applicable Issuing Lender (including
action not taken by the applicable Issuing Lender) or (ii) resulting from a claim brought by the Borrower against such Issuing Lender for bad faith breach of such Issuing Lender’s obligations
hereunder or under any other Credit Document, in each case as determined by a court of competent jurisdiction.

Section 2.22

Additional Loans.

Subject to the terms and conditions set forth herein, so long as no Default or Event of
Default shall have occurred and be continuing, the Borrower shall have the right during the period from the Closing Date until the date one Business Day prior to the Termination Date, to incur
additional Indebtedness (the “Additional Loans”) under this Agreement in the form of one or more increases to the Revolving Committed Amount by an aggregate amount of up to
$100,000,000. The following terms and conditions shall apply to all Additional Loans: (a) the loans made under any such Additional Loan shall constitute Obligations, (b) such Additional Loan shall
have the same terms (including interest rate) as the existing Revolving Loans, (c) any such Additional Loan shall be entitled to the same voting rights as the existing Revolving Loans and shall be
entitled to receive proceeds of prepayments on the same basis as comparable Revolving Loans, (d) any such Additional Loan shall be obtained from existing Revolving Lenders or from other banks,
financial institutions or investment funds, in each case in accordance with the terms set forth below, (e) such increase in the Revolving Committed Amount shall be in a minimum principal amount of
$20,000,000 and integral multiples of $5,000,000 in excess thereof, (f) the proceeds of any Additional Loan will be used to finance working capital and other general corporate purposes, (g) the
Borrower shall execute such promissory notes as are necessary and requested by the Revolving Lenders to reflect the Additional Loans, (h) the conditions to Extensions of Credit in Section 4.2
shall have been satisfied and (i) the Administrative Agent shall have received from the Borrower an officer’s certificate in form and substance satisfactory to the Administrative Agent,
demonstrating that, after giving effect to any such Additional Loan, the Borrower
will be in compliance with the financial covenants set forth in Sections 5.1(l) and (m). Participation in any Additional Loan shall be offered first to each of the existing Revolving
Lenders, but each such Revolving Lender shall have no obligation to provide all or any portion of any such Additional Loan. If the amount of any Additional Loan requested by the Borrower shall exceed
the commitments which the existing Revolving Lenders are willing to provide with respect to such Additional Loan, then the Borrower may invite other banks, financial institutions and investment funds
reasonably acceptable to the Administrative Agent to join this Agreement as Revolving Lenders hereunder for the portion of such Additional Loan not taken by existing Revolving Lenders, provided
 that such other banks, financial institutions and investment funds shall enter into such joinder agreements to give effect thereto as the Administrative Agent and the Borrower may reasonably
request, provided further that (i) the existing Revolving Lenders shall make such assignments (which assignments shall not be subject to the requirements set forth in Section 9.6(b)
) of the outstanding Revolving Loans and Participation Interests to the Additional Loan Lenders so that, after giving effect to such assignments, each Revolving Lender holding a Revolving
Commitment (including such Additional Loan Lenders) will hold Revolving Loans and Participation Interests equal to its Commitment Percentage of all outstanding Revolving Loans and LOC Obligations and
(ii) such assignments and the transactions relating thereto shall be subject to Section 2.16. The Administrative Agent is authorized to enter into, on behalf of the

43

Lenders, any amendment to this Agreement or any other Credit Document as may be necessary to incorporate
the terms of any Additional Loan. Any increase in the Revolving Committed Amount pursuant to this Section 2.22 shall be permanent, except to the extent such Revolving Committed Amount is
subsequently reduced pursuant to Section 2.5(a). At the time of any such increase in the Revolving Committed Amount, the Revolving Commitment Percentages of existing Revolving Lenders and new
Revolving Lenders shall be adjusted accordingly.

Section 2.23

Extension of Termination Date.

(a)

Up to two times prior to the Termination Date (as it may be extended
pursuant to this Section 2.23), the Borrower may request a one-year extension of the Termination Date by submitting a request for an extension to the Administrative Agent (an “Extension
Request”) at least 6 months prior to the then scheduled Termination Date. Promptly upon receipt of an Extension Request, the Administrative Agent shall notify each Lender thereof and shall
request each Lender to approve the Extension Request. Each Lender may, by a notice (a “Consent Notice”) to the Borrower and the Administrative Agent given within 15 Business Days following
receipt of such notice from the Administrative Agent (the “Consent Period”), consent to such extension of the Termination Date, which consent may be given or withheld by each Lender in its
absolute and sole discretion; provided, however, that such extension shall not be effective with respect to a Lender which either (a) by a notice (a “Withdrawal Notice”) to the Borrower and
the Administrative Agent during the Consent Period, declines to consent to such extension, or (b) has failed to respond to the Borrower and the Administrative Agent within the Consent Period (each
such Lender giving a Withdrawal Notice or failing to respond in a timely manner being called a “Withdrawing Lender” and each Lender other than a Withdrawing Lender being a “Continuing
Lender”); provided further, that such extension shall be effective only if, as of the day after the end of the Consent Period for each Lender, the sum of the Commitments of the Continuing
Lenders is greater than 50% of the Commitments of the Withdrawing Lenders and the Continuing Lenders. The Commitment of each Withdrawing Lender shall terminate on the Termination Date without giving
any effect to such proposed extension; provided,
however, so long as no Default or Event of Default exists, the Borrower may, at any time within 10 Business Days of delivery of the Withdrawal Notice and by not less than three Business Days’
prior written notice to the Administrative Agent and such Lender, cancel such Lender’s Commitment and thereupon prepay all Loans made by such Lender, together with interest and fees accrued to
the date of such prepayment and breakage costs due under Section 2.16, if any, whereupon such Lender shall cease to be obliged to make further Loans hereunder, its Commitment shall be reduced
to zero and it shall be released from all its obligations under this Agreement.

(b)

A Withdrawing Lender shall be obliged, at the request of the
Borrower and subject to the Withdrawing Lender receiving payment in full of all amounts owing to it under this Agreement prior to completion of an assignment, to assign, without recourse or warranty
and by an assignment agreement in substantially the form of Schedule 9.6(c) attached hereto, all of its rights and obligations hereunder to another bank or financial institution nominated by
the Borrower and willing to participate in the facility through the extended Termination Date in the place of such Withdrawing Lender; provided that

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such transferee satisfies all the requirements of Section 9.6(b) (other than
Section 9.6(b)(ii)) to be a Purchasing Lender, including the requirement that (unless such transferee is an existing Lender) the Administrative Agent consent to such assignment, such consent
not to be unreasonably withheld.

(c)

If the Termination Date shall have been extended in respect of
Continuing Lenders in accordance with this Section 2.23, any Notice of Borrowing specifying a Borrowing Date occurring after the Termination Date applicable to a Withdrawing Lender or
requesting an Interest Period extending beyond such date (i) shall have no effect in respect of such Withdrawing Lender, and (ii) shall not specify a requested aggregate principal amount exceeding,
when combined with all then outstanding Loans to the Borrower, the aggregate of the Commitments of the Continuing Lenders.

(d)

If the Termination Date shall have been extended in respect of
Continuing Lenders in accordance with this Section 2.23, all references in this Agreement and the other Credit Documents to the “Termination Date” shall, with respect to all parties
hereto other than Withdrawing Lenders, refer to the Termination Date as so extended. Without limitation of the generality of the preceding sentence, “Termination Date,” in the case of
Letters of Credit, shall mean the Termination Date as so extended.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

Section 3.1

To induce the Lenders to enter into this Agreement and to make the Loans herein
provided for, the Borrower hereby represents and warrants to the Administrative Agent and to each Lender that:

(a)

Due Incorporation, Etc. The Borrower and each Restricted
Subsidiary is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, and has the corporate power and legal authority to
own its property and to carry on its business as now being conducted and is duly qualified to transact business as a foreign corporation in every jurisdiction where such qualification is necessary.
The Borrower has the corporate power to execute and perform this Agreement, to borrow hereunder and to execute and deliver the Notes, and to do so will not violate its Articles of Incorporation or
Bylaws, any law to which it is subject, or any material agreement or instrument to which it is a party.

(b)

Litigation. Except as set forth in the financial statements
or notes thereto described in Section 3.1(c) hereof, there is no litigation or proceeding pending or, to the knowledge of the Borrower, threatened which would be reasonably expected to be
decided adversely to the Borrower or any Subsidiary, and, if decided adversely to the Borrower or such Subsidiary, would have a Material Adverse Effect.

(c)

Financial Condition. The consolidated balance sheet of the
Borrower and its Subsidiaries as of September 30, 2011 and related consolidated statements of income, shareholders’ equity, comprehensive income and cash flows of the Borrower and its

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Subsidiaries for the fiscal year then ended, and the notes thereto, all of which have
been delivered to the Lenders prior to the execution of this Agreement, are correct and complete and fairly present the financial condition of the Borrower and its Subsidiaries and the results of
their operations and their retained earnings as of the date and for the period referred to. All such financial statements have been prepared in accordance with GAAP throughout the period involved.
Since September 30, 2011, no material adverse change in the financial condition, the business or operations of the Borrower and its Subsidiaries, taken as a whole, has occurred. All written financial
projections concerning the Borrower and its Subsidiaries that have been made available to the Administrative Agent and the Lenders by the Borrower on or before the Closing Date have been prepared in
good faith based upon reasonable assumptions in the sole opinion of the Borrower’s management at the time of the preparation thereof.

The real estate and other fixed assets of the Borrower and its
Subsidiaries are subject to no mortgage or lien securing an indebtedness of a material principal amount except as shown in the balance sheets or notes thereto referred to above or most recently
delivered to the Administrative Agent pursuant to Section 5.1(a). The Borrower and its Subsidiaries have no liabilities, direct or contingent, except those disclosed in the financial
statements or notes thereto referred to above or most recently delivered to the Administrative Agent pursuant to Section 5.1(a), and except those arising in the ordinary course of business
since the dates of such financial statements, having in the aggregate no materially adverse effect on the financial condition of the Borrower and its Subsidiaries, taken as a whole. The Borrower and
its Subsidiaries have made no investments in, advances to or guaranties of the obligations of any corporation, individual or other entity other than Borrower in an aggregate amount material to the
consolidated financial condition of the Borrower and its Subsidiaries, taken as a whole, except those disclosed in the financial statements or notes thereto referred to above or most recently
delivered to the Administrative Agent pursuant to Section 5.1(a).

(d)

Governmental Contracts. The Borrower and its Subsidiaries are
not subject to the renegotiation of any government contract in any material amount.

(e)

Tax Returns. Except to the extent the failure to file such
returns or pay such taxes would not reasonably be expected to have a Material Adverse Effect, the Borrower and its Subsidiaries have filed all required federal, state, and local tax returns and have
paid all taxes as shown on such returns as they have become due. Federal income tax returns have been audited, or closed by the operation of applicable statutes of limitation, through fiscal year
2008 and no claims have been assessed and are unpaid with respect to such taxes except as otherwise shown in the financial statements referred to in Section 3.1(c) above, and except for claims
which would not reasonably be expected to have a Material Adverse Effect.

(f)

Use of Proceeds. The proceeds of the Loans hereunder shall be
used solely by the Borrower to (i) refinance existing Indebtedness, (ii) pay any fees and expenses in connection with the Credit Documents and (iii) provide for working capital and other general
corporate purposes.

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(g)

Compliance with OFAC Rules and Regulations. None of the
Borrower, any Subsidiary of the Borrower or any Affiliate of the Borrower (i) is a Sanctioned Person, (ii) has more than 15% of its assets in Sanctioned Countries, or (iii) derives more than 15% of
its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or
indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

ARTICLE IV

CONDITIONS PRECEDENT

Section 4.1

Conditions to Closing Date and Initial Loans.

This Agreement shall become effective upon, and the obligation of each Lender to make
the initial Extension of Credit on the Closing Date is subject to, the satisfaction of the following conditions precedent:

(a)

Execution of Agreement. The Administrative Agent shall have
received (i) counterparts of this Agreement, executed by a duly authorized officer of each party hereto and (ii) for the account of each Lender, Notes, in each case conforming to the requirements of
this Agreement and executed by a duly authorized officer of the Borrower.

(b)

Resolutions. Copies of resolutions of the board of directors
of the Borrower approving the transactions contemplated herein and authorizing the execution and delivery of the Credit Documents, certified by an officer of the Borrower as of the Closing Date to be
true and correct and in force and effect as of such date.

(c)

Legal Opinions of Counsel. The Administrative Agent shall
have received an opinion of legal counsel for the Borrower, dated the Closing Date and addressed to the Administrative Agent and the Lenders, in form and substance acceptable to the Administrative
Agent.

(d)

Fees. The Administrative Agent and the Lenders shall have
received all fees owing to them.

(e)

Account Designation Letter. The Administrative Agent shall
have received the executed Account Designation Letter in the form of Schedule 1.1(a) hereto.

(f)

Patriot Act Certificate. The Administrative Agent shall have
received a certificate satisfactory thereto, for benefit of itself and the Lenders, provided by the Borrower that sets forth information required by the Patriot Act (as defined in Section 9.18
) including, without limitation, the identity of the Borrower, the name and address of the Borrower and other information that will allow the Administrative Agent or any Lender, as applicable, to
identify the Borrower in accordance with the Patriot Act.

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(g)

Payoff of Existing Loans and Termination of Existing Commitments
. The Administrative Agent and the Lenders under the Existing Credit Agreement shall have received all amounts owing to them under the Loans (as defined in the Existing Credit Agreement) and the
Commitments (as defined in the Existing Credit Agreement) shall have been terminated.

(h)

Solvency and Compliance Certificate. The Administrative Agent
shall have received a certificate satisfactory thereto, for benefit of itself and the Lenders, provided by the Borrower and certified by an Authorized Officer stating that, after giving pro forma
effect to the Initial Extension of Credit, and the repayment of any outstanding loans under the Existing Credit Agreement, in each case on the Closing Date, and pro forma effect to the sale of
A&E, (i) the Borrower is Solvent and (ii) as of October 2, 2011, the Borrower is in compliance with the provisions of Sections 5.1(l), 5.1(m) and 6.1(a) hereof (together with
calculations demonstrating such compliance).

(i)

Additional Matters. All other documents and legal matters in
connection with the transactions contemplated by this Agreement shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel.

Section 4.2

Conditions to All Extensions of Credit.

The obligation of each Lender to make any Extension of Credit hereunder is subject to
the satisfaction of the following conditions precedent on the date of making such Extension of Credit:

(a)

Representations and Warranties. The representations and
warranties made by the Borrower herein or which are contained in any certificate furnished at any time under or in connection herewith shall be true and correct in all material respects on and as of
the date of such Extension of Credit as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific
date), except that for the purposes of this Section 4.2(a), the representations and warranties contained in Section 3.1(c) shall be deemed to refer to the most recent statements
furnished pursuant to Section 5.1(a); and

(b)

No Default or Event of Default. No Default or Event of
Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in
accordance with this Agreement.

Each request for an Extension of Credit and each acceptance by the Borrower of any such
Extension of Credit shall be deemed to constitute a representation and warranty by the Borrower as of the date of such Extension of Credit that the applicable conditions in paragraphs (a) and (b) of
this Section have been satisfied.

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ARTICLE V

AFFIRMATIVE COVENANTS

Section 5.1

The Borrower covenants and agrees that from the date hereof until the termination of
the Commitments and the payment in full of the Obligations, it will:

(a)

Financial Reports and Other Data.

(i)

As soon as practicable and in any event within 45 days after the end
of each of the first three quarterly periods of each Fiscal Year of the Borrower, deliver to the Administrative Agent and each Lender (A) a consolidated balance sheet of the Borrower and its
Subsidiaries as at the end of such quarterly period, and related consolidated statements of income, shareholders’ equity, comprehensive income and cash flows for such quarterly period and for
the period from the beginning of the current Fiscal Year to the end of such quarterly period, setting forth in comparative form figures for the corresponding periods in the preceding Fiscal Year, all
to be in reasonable detail and certified by an Authorized Officer to have been prepared in accordance with GAAP, subject only to changes resulting from normal, recurring year end adjustments; and (B)
computations demonstrating compliance with the provisions of Sections 5.1(1), 5.1(m) and 6.1(a) hereof, certified by an Authorized Officer to be true and correct and to have been
prepared from the foregoing quarterly statements;

(ii)

As soon as practicable and in any event within 90 days after each
Fiscal Year End, deliver to the Administrative Agent and each Lender (A) a consolidated balance sheet of the Borrower and its Subsidiaries as at such Fiscal Year End, and related consolidated
statements of income, shareholders’ equity, comprehensive income and cash flows for such Fiscal Year, setting forth in each case in comparative form corresponding figures from the preceding
annual statements, all in reasonable detail and satisfactory in scope to the Administrative Agent and each Lender, and audited by and containing (as to the consolidated financial statements) an
unqualified opinion of independent certified public accountants of national standing as shall be satisfactory to the Administrative Agent and (B) the computations required by Section 5.1(a)(i)(B)
 hereof;

(iii)

Deliver to the Administrative Agent and each Lender a copy of each
report filed by the Borrower with the Securities and Exchange Commission pursuant to Section 13(a) or 14 of the Securities Exchange Act of 1934, including each Annual Report on Form 10
K, Quarterly Report on Form 10 Q, Current Report on Form 8 K (except for routine quarterly earnings releases which are available through electronic media dissemination on the internet), each
definitive proxy statement and each report evidencing a change to the Borrower’s organizational documents, in each case within 15 days of the filing thereof; and

(iv)

With reasonable promptness, deliver such additional financial or
other data as the Administrative Agent or any Lender may reasonably request. Each Lender is hereby authorized to deliver a copy of any financial statements or other information relating to the
business operations or financial condition of the Borrower and its Subsidiaries which may be furnished to it or come to its

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attention pursuant to this Agreement or otherwise, to any regulatory body or agency
having jurisdiction over such Lender.

(b)

Taxes and Liens. Except to the extent the failure to pay (or
cause to be paid) any such tax, assessment, charge or claim would not reasonably be expected to have a Material Adverse Effect, promptly pay, or cause to be paid, all taxes, assessments or other
governmental charges which may lawfully be levied or assessed upon the income or profits of the Borrower, or any Subsidiary, or upon any property, real, personal or mixed, belonging to the Borrower
or any Subsidiary, or upon any part thereof, and also any lawful claims for labor, material and supplies which, if unpaid, might become a lien or charge against any such property; provided, however,
neither the Borrower nor any Subsidiary shall be required to pay any such tax, assessment, charge, levy or claim so long as the validity thereof shall be actively contested in good faith by proper
proceedings and provided the Borrower shall, if requested by any Lender, set up reserves therefor consistent with Financial Accounting Standards Board Statement No. 5 and Accounting Principles Board
Statement No. 11 (such reserves not required to be separately funded); but provided further that (subject to the exception at the beginning of this sentence) any such tax, assessment, charge, levy or
claim shall be paid forthwith upon the commencement of proceedings to foreclose any lien securing the same unless such proceeding has been properly stayed.

(c)

Business and Existence. Do or cause to be done all things
necessary to preserve and to keep in full force and effect (i) its corporate existence and (ii) except to the extent failure to do so would not reasonably be expected to have a Material Adverse
Effect, its rights and franchises, trade names (other than the “Ruddick” trade name), patents, trademarks and permits.

(d)

Insurance on Properties. Keep its business and properties
insured at all times with responsible insurance companies and carry such types and amounts of insurance as are usually carried by corporations engaged in the same or a similar business similarly
situated.

(e)

Maintain Property. Except to the extent failure to do so
would not reasonably be expected to have a Material Adverse Effect, maintain its properties in good order and repair and, from time to time, make all needful and proper repairs, renewals,
replacements, additions and improvements thereto.

(f)

Right of Inspection. Permit any Lender, at its expense, to
visit and inspect any of the properties, corporate books and financial reports of the Borrower and its Subsidiaries in the presence of a corporate officer of the Borrower or persons designated by
them and to discuss their affairs, finances and accounts with the principal officers of the Borrower and their independent public accountants, all at such reasonable times and as often as any Lender
may reasonably request.

(g)

Observe all Laws. Conform to and duly observe all laws,
regulations and other valid requirements of any regulatory authority with respect to the conduct of its

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business, violation of which would materially adversely affect the operations or
business of the Borrower or any of its Subsidiaries.

(h)

Covenants Extended to Restricted Subsidiaries. Cause each
Restricted Subsidiary to do with respect to itself, its business and its assets, each of the things required of the Borrower in Sections 5.1(b) through 5.1(g) hereof.

(i)

Borrower’s Knowledge of Default. Immediately give notice
to each Lender of the occurrence of any Default or Event of Default hereunder or under any other obligation representing Indebtedness of the Borrower or any Restricted Subsidiary, of which the
Borrower or such Restricted Subsidiary has knowledge, specifying the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto.

(j)

Judgments, etc. Immediately give each Lender written notice
of any judgment, attachment, levy, or execution against the Borrower or any assets of the Borrower or any Subsidiary which involves (i) an amount of $2,000,000 or more in excess of the amount covered
by insurance or book reserves, or (ii) an amount in excess of $15,000,000, and establish or cause to be established appropriate and adequate reserves to cover any such claim, levy, attachment, or
execution in any amount satisfactory to its independent certified public accountants.

(k)

ERISA. (i) Comply with all requirements of ERISA applicable
to it and its Restricted Subsidiaries, except to the extent failure to do so would not reasonably be expected to have a Material Adverse Effect, and (ii) furnish to each Lender as soon as possible
and in any event within 30 days after the Borrower or its Restricted Subsidiaries or duly appointed administrator of a Plan knows or has reason to know that any Reportable Event with respect to any
Plan has occurred, a statement of an Authorized Officer setting forth details as to such Reportable Event and any action which the Borrower or its Restricted Subsidiaries proposes to take with
respect thereto, together with a copy of the notice of such Reportable Event given to the PBGC or a statement that said notice will be filed with the annual report to the United States Department of
Labor with respect to such Plan if such filing has been authorized.

(l)

Consolidated Fixed Charge Ratio. Maintain at the end of each
of the Borrower’s fiscal quarters, a Consolidated Fixed Charge Ratio of at least 1.50 to 1.00.

(m)

Consolidated Leverage Ratio. Maintain at the end of each of
the Borrower’s fiscal quarters a Consolidated Leverage Ratio of not greater than 4.00 to 1.00.

ARTICLE VI

NEGATIVE COVENANTS

Section 6.1

The Borrower covenants and agrees that from the date hereof until the termination of
the Commitments and the payment in full of the Obligations, it will not, nor will it permit any Restricted Subsidiary to, either directly or indirectly:

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(a)

Consolidated Funded Debt. Incur, create, assume or guarantee,
or otherwise become or be liable in respect of any Indebtedness which would be included in Consolidated Funded Debt except:

(i)

the Notes;

(ii)

Indebtedness existing as of the date hereof; and

(iii)

additional Indebtedness which in the aggregate when added to the
Indebtedness evidenced by the Notes or existing as of the date hereof, does not exceed 60% of Consolidated Total Capitalization.

(b)

Restricted Subsidiary Indebtedness. Incur, create, assume or
guarantee or otherwise become liable in respect of any Indebtedness of a Restricted Subsidiary except:

(i)

borrowings among the Borrower and the Restricted Subsidiaries;

(ii)

extensions, renewals, or replacements of Indebtedness existing as of
the date hereof (without increasing the principal amount thereof);

(iii)

Indebtedness directly related to the acquisition or construction of
Property or Equipment, but only to the extent of the purchase price or cost thereof, or any Indebtedness assumed by imposition of law in connection with the acquisition of an existing business; or

(iv)

other Indebtedness in an aggregate amount not exceeding 15% of
Consolidated Tangible Net Worth.

(c)

Limitations on Liens. Incur, create, assume or permit to
exist any Lien of any kind upon any of its property now owned or hereafter acquired or assets of any character in an aggregate amount in excess of 15% of Consolidated Tangible Net Worth, unless the
Notes are equally and ratably secured with the Indebtedness secured by such Lien except that the following Liens shall not be included in making a determination of the amount of Liens:

(i)

Liens for taxes or assessments or other governmental charges or
levies, either not yet due and payable or being contested in good faith or to the extent that nonpayment thereof shall be permitted;

(ii)

Liens created by or resulting from any litigation or legal
proceeding which is currently being contested in good faith by appropriate proceedings;

(iii)

other Liens incidental to the normal conduct of the business of the
Borrower or any Restricted Subsidiary or the ownership of its property which are not incurred in connection with the incurrence of Indebtedness and which do not in the aggregate materially impair the
use of such property in the operation of the

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business of the Borrower, and the Borrower and its Restricted Subsidiaries taken as a
whole or the value of such property for the purposes of such business;

(iv)

Liens existing at the time of the issuance of the Notes;

(v)

the extension, renewal or replacement of any Lien permitted by the
foregoing subparagraph (iv) in respect of the same property theretofore subject thereto or the extension, renewal or replacement thereof (without increase of principal amount of the Indebtedness
secured);

(vi)

Liens granted by the Restricted Subsidiaries in favor of the
Borrower; and

(vii)

(A) any Lien on Property or Equipment granted with respect to such
Property or Equipment in connection with the provision of all or a part of the purchase price or cost of the construction of such Property or Equipment (but not in excess of the amount of such
purchase price or cost) created contemporaneously with, or within 120 days after, such acquisition or the completion of such construction, or (B) any Lien on Property or Equipment existing in such
Property or Equipment at the time of acquisition thereof, whether or not the debt secured thereby is assumed by the Borrower or such Restricted Subsidiary, or (C) any Lien existing on the Property or
Equipment of a corporation at the time such corporation is merged into or consolidated with the Borrower or a Restricted Subsidiary, or at the time of a sale, lease or other disposition of the
Properties or Equipment of a corporation or firm as an entirety or substantially as an entirety to the Borrower or a Restricted Subsidiary; provided however that the amount of any Lien permitted
under this subparagraph (vii) shall not exceed the fair market value of the Property or Equipment covered by such Lien.

(d)

Consolidation, Merger or Reorganization. Enter into any
transaction of merger or consolidation except that (i) a Restricted Subsidiary may merge into the Borrower or another Restricted Subsidiary, and (ii) the Borrower may merge or consolidate with any
corporation organized under the laws of any state in the United States so long as (A) the resulting or surviving entity expressly assumes the obligations of the Borrower under this Agreement and the
Notes, (B) no Default or Event of Default exists hereunder after giving effect to such merger or consolidation, (C) the Borrower will be in compliance with the financial covenants set forth in
Sections 5.1 (l) and (m) on a pro forma basis after giving effect to such merger or consolidation and (D) each Lender consents to such merger or consolidation (such consent not to be
unreasonably withheld).

(e)

Sale of Assets, Dissolution, Etc. Sell, assign, lease or
otherwise dispose of all or substantially all of its properties or assets (other than inventory), or any of its notes, accounts or contract rights, or any assets or properties necessary or desirable
for the proper conduct of its business, or wind up, liquidate or dissolve, or agree to any of the foregoing, or permit any Restricted Subsidiary to do so, except, as to any such transaction, to the
extent the total assets involved do not exceed, together with any other

53

assets involved in such transactions during the same Fiscal Year, 10% of Consolidated
Total Assets determined as of the end of the last fiscal quarter prior to such transaction.

Notwithstanding the foregoing, (x) any Restricted Subsidiary may sell, lease,
transfer, or otherwise dispose of its assets to the Borrower or any other Restricted Subsidiary and such assets shall not be included in the foregoing calculations, (y) the Borrower or any Restricted
Subsidiary may sell, lease, transfer or otherwise dispose of any investment that is not a Subsidiary and such investment shall not be included in the foregoing calculations, and (z) upon the
Borrower’s giving notice to the Lenders of the intention of the Borrower or any Restricted Subsidiary to sell, lease, transfer or otherwise dispose of assets, for value, in an amount up to 25%
of Consolidated Total Assets as of the last fiscal quarter end prior to such notice, and to reinvest the proceeds within one year following such transaction, the Borrower or any Restricted Subsidiary
may effect such transactions and the assets involved shall not be included in any calculation set forth in the first paragraph of this Section 6.1(e), unless (A) the Required Lenders fail to
consent to the proposed transactions within 10 days following the giving of said notice, provided that such consent may not be unreasonably withheld, or (B) proceeds are not reinvested within the one
year period, in which case the assets involved in the transaction shall be deemed transferred as of the expiration of such one year period and included in the calculation set forth in the first
paragraph of this Section 6.1(e). Any breach of the covenant expressed in this Section 6.1(e) may be cured by the prepayment, without penalty, of an amount of the outstanding amount of
the Notes as bears the same proportion to the total outstanding amount of such Note as the net book value of the assets conveyed in violation of this section shall be to the Consolidated Total Assets
of the Borrower as of the last fiscal quarter end prior to such
transaction.

(f)

Fiscal Year. Change its Fiscal Year End.

(g)

Acquisitions. Acquire (whether pursuant to an acquisition of
stock, assets or otherwise) all or substantially all of the capital stock or assets of any Person except that (i) the Borrower or a Restricted Subsidiary may acquire all or substantially all of the
capital stock or assets of any Restricted Subsidiary and (ii) the Borrower or a Restricted Subsidiary may make any other acquisition of all or substantially all of the capital stock or assets of any
other Person so long as (A) such acquisition has been approved by the Board of Directors (or other comparable board or body) and/or shareholders of such other Person, (B) no Event of Default exists
hereunder after giving effect to such acquisition and (C) the Borrower will be in compliance with the financial covenants set forth in Sections 5.1(l) and (m) on a pro forma basis after
giving effect to such acquisition.

(h)

Restricted Payment. Permit the Borrower to make any
Restricted Payment, except the Borrower may make a Restricted Payment so long as (i) no Event of Default exists hereunder after giving effect to such Restricted Payment and (ii) the Borrower will be
in compliance with the financial covenants set forth in Sections 5.1(l) and (m) on a pro forma basis after giving effect to such Restricted Payment.

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(i)

Restricted Subsidiaries. Create or permit to exist any
Restricted Subsidiary except (i) a Restricted Subsidiary that is wholly-owned, directly or indirectly, by the Borrower, or (ii) a Real Estate Subsidiary.

ARTICLE VII

EVENTS OF DEFAULT

Section 7.1

Events of Default.

An Event of Default shall exist upon the occurrence of any of the following specified
events (each an “Event of Default”):

(a)

(i) Non payment when due, whether by acceleration or otherwise, of
any principal payment on any Note or (ii) failure to reimburse the applicable Issuing Lender for any LOC Obligations after receipt of notice by the Borrower from the Issuer that such LOC Obligations
are due and payable, whether by acceleration or otherwise;

(b)

Non payment, within five Business Days after the due date, of
interest on any Note, or of any premium, fee or other charge under this Agreement;

(c)

A breach or failure of performance by the Borrower or any Subsidiary
of any provision of this Agreement which is not remedied within 30 days after written notice from any Lender;

(d)

A representation or warranty by the Borrower is false or erroneous
in any material respect on the date as of which made;

(e)

The Borrower or a Restricted Subsidiary: (i) files a petition or has
a petition filed against it under the Bankruptcy Code or any proceeding for the relief of insolvent debtors; (ii) generally fails to pay its debts as such debts become due; (iii) has a custodian
appointed for it or its assets; (iv) benefits from or is subject to the entry of an order for relief by any court of insolvency; (v) makes an admission of insolvency seeking the relief provided in
the Bankruptcy Code or any other insolvency law; (vi) makes an assignment for the benefit of creditors; (vii) has a receiver appointed, voluntarily or otherwise, for its property; (viii) suspends
business; (ix) permits a judgment in the amount of $2,000,000 or more to be obtained against it which is not subject to payment by applicable insurance coverage or is not promptly paid or promptly
appealed and secured pending appeal; or (x) becomes insolvent, however otherwise evidenced;

(f)

Failure by the Borrower or a Restricted Subsidiary to pay when due,
or within any applicable grace period, any amount owing on account of Indebtedness in an aggregate amount in excess of $5,000,000 at any one time or the failure by the Borrower or a Restricted
Subsidiary to observe or perform any covenant or undertaking on its part to be observed or performed in any agreement or agreements evidencing, securing or relating to such Indebtedness, resulting in
any such case in an event of default or acceleration by the holder of such Indebtedness of the date on which such Indebtedness would otherwise be due and payable;

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(g)

Any Restricted Subsidiary of the Borrower is directly or indirectly
restricted, limited or prohibited from making any dividends, distributions or advances to the Borrower which restriction, limitation or prohibition is not remedied within 30 days after notice from
any Lender; provided, however, that this clause (g) shall not prohibit any negative pledge or transfer restriction incurred or provided in favor of any holder or holders of any Lien
permitted by Section 6.1(c) solely to the extent such negative pledge or transfer restriction relates to (i) the property subject to such Lien or (ii) the proceeds of such property;

(h)

If the Borrower or a Restricted Subsidiary shall become a party to
merger, consolidation or other reorganization with any other Person (including a de facto merger by which all or substantially all of the property or assets of another Person are acquired) which
results in a Change in Control of the Borrower except:

(i)

a merger with a Restricted Subsidiary or other domestic Subsidiary
in which the Borrower is the surviving or continuing corporation,

(ii)

a merger between or among Restricted Subsidiaries, and

(iii)

a merger, consolidation or other reorganization through which the
Borrower acquires a business which becomes a Subsidiary of the Borrower, provided that no Event of Default exists hereunder after giving effect to such merger, consolidation or other reorganization.

Section 7.2

Acceleration; Remedies.

Upon the occurrence of an Event of Default, then, and in any such event, (a) if such
event is an Event of Default specified in Section 7.1(e)(i) above, automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon), and all other
amounts under the Credit Documents shall immediately become due and payable, the Administrative Agent shall have the right to enforce any and all other rights and interests created and existing under
the Credit Documents, including, without limitation, all rights of set-off (subject to Section 9.7(c)), and the Administrative Agent shall have the right to enforce any and all other rights
and remedies of a creditor under applicable law, and (b) if such event is any other Event of Default, with the written consent of the Required Lenders, the Administrative Agent may, or upon the
written request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, take any or all of the following actions: (i) declare the Commitments to be terminated forthwith,
whereupon the Commitments shall immediately terminate; (ii) declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the Notes to be due and payable
forthwith and direct the Borrower to pay to the Administrative Agent cash collateral as security for the LOC Obligations for subsequent drawings under then outstanding Letters of Credit in an amount
equal to the maximum amount of which may be drawn under Letters of Credit then outstanding, whereupon the same shall immediately become due and payable; (iii) enforce any and all other rights and
interests created and existing under the Credit Documents, including, without limitation, all rights of set-off; and (iv) enforce any and all other rights and remedies of a creditor under applicable
law. Except as expressly provided above in

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this Section 7.2, presentment, demand, protest and all other notices of any kind are hereby
expressly waived.

ARTICLE VIII

THE AGENT

Section 8.1

Appointment.

Each Lender hereby irrevocably designates and appoints Wells Fargo Bank, National
Association as the Administrative Agent of such Lender under this Agreement, and each such Lender irrevocably authorizes Wells Fargo Bank, National Association, as the Administrative Agent for such
Lender, to take such action on its behalf under the provisions of this Agreement and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the
terms of this Agreement, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent
shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties,
obligations or liabilities shall be read into this Agreement or otherwise exist against the Administrative Agent.

Section 8.2

Delegation of Duties.

The Administrative Agent may execute any of its duties under this Agreement by or
through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence
or misconduct of any agents or attorneys-in-fact selected by it with reasonable care. Without limiting the foregoing, the Administrative Agent may appoint one of its Affiliates as its agent to
perform the functions of the Administrative Agent hereunder relating to the advancing of funds to the Borrower and distribution of funds to the Lenders and to perform such other related functions of
the Administrative Agent hereunder as are reasonably incidental to such functions.

Section 8.3

Exculpatory Provisions.

Neither the Administrative Agent nor any of its officers, directors, employees, agents,
attorneys-in-fact or affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement (except for its or such
Person’s own gross negligence or willful misconduct) or (ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Borrower or
any officer thereof contained in this Agreement or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in
connection with, this Agreement or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of any of the Credit Documents or for any failure of any Borrower to perform its
obligations hereunder or thereunder. The Administrative Agent shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance by

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the Borrower of any of the agreements contained in, or conditions of, this Agreement, or to inspect the
properties, books or records of the Borrower.

Section 8.4

Reliance by Administrative Agent.

The Administrative Agent shall be entitled to rely, and shall be fully protected in
relying, upon any note, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or
conversation believed by it in good faith to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including,
without limitation, counsel to the Borrower), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the
owner thereof for all purposes unless (a) a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent and (b) the Administrative Agent shall
have received the written agreement of such assignee to be bound hereby as fully and to the same extent as if such assignee were an original Lender party hereto, in each case in form satisfactory to
the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement unless it shall first receive such advice or concurrence of
the Required Lenders as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of
taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under any of the Credit Documents in accordance
with a request of the Required Lenders or all of the Lenders, as may be required under this Agreement, and such request and any action taken or failure to act pursuant thereto shall be binding upon
all the Lenders and all future holders of the Notes.

Section 8.5

Notice of Default.

The Administrative Agent shall not be deemed to have knowledge or notice of the
occurrence of any Default or Event of Default hereunder unless the Administrative Agent has received written notice from a Lender or the Borrower referring to this Agreement, describing such Default
or Event of Default and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give prompt
notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders; provided
, however, that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain
from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders except to the extent that this Agreement expressly requires
that such action be taken, or not taken, only with the consent or upon the authorization of the Required Lenders, or all of the Lenders, as the case may be.

Section 8.6

Non-Reliance on Administrative Agent and Other Lenders.

Each Lender expressly acknowledges that neither the Administrative Agent nor any of its
officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representation or warranty to it and that no act by the Administrative Agent hereinafter taken, including any

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review of the affairs of the Borrower, shall be deemed to constitute any representation or warranty by
the Administrative Agent to any Lender. Each Lender represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender, and based
on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness
of the Borrower and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the
Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in
taking or not taking action under this Agreement, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and
creditworthiness of the Borrower and its Subsidiaries. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the
Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or
otherwise), prospects or creditworthiness of the Borrower which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or
affiliates.

Section 8.7

Indemnification.

The Lenders agree to indemnify the Administrative Agent in its capacity hereunder (to
the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower to do so), ratably according to their respective Commitment Percentages in effect on the date on which
indemnification is sought under this Section, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any
kind whatsoever which may at any time (including, without limitation, at any time following the payment of the Notes) be imposed on, incurred by or asserted against the Administrative Agent in any
way relating to or arising out of any Credit Document or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or
omitted by the Administrative Agent under or in connection with any of the foregoing; provided, however, that no Lender shall be liable for the payment of any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to the extent resulting from the Administrative Agent’s gross negligence or
willful misconduct, as determined by a court of competent jurisdiction. The agreements in this Section 8.7 shall survive the termination of this Agreement and payment of the Notes and all
other amounts payable hereunder.

Section 8.8

Administrative Agent in Its Individual Capacity.

The Administrative Agent and its affiliates may make loans to, accept deposits from and
generally engage in any kind of business with the Borrower as though the Administrative Agent were not the Administrative Agent hereunder. With respect to its Loans made or renewed by it and any Note
issued to it, the Administrative Agent shall have the same rights and powers under this Agreement as any Lender and may exercise the same as though it were not the

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Administrative Agent, and the terms “Lender” and “Lenders” shall include the
Administrative Agent in its individual capacity.

Section 8.9

Successor Administrative Agent.

The Administrative Agent may resign as Administrative Agent upon 30 days’ prior
notice to the Borrower and the Lenders. If the Administrative Agent shall resign as Administrative Agent under this Agreement and the Notes, then the Required Lenders shall appoint from among the
Lenders a successor agent for the Lenders, which successor agent shall be approved by the Borrower, so long as no Default or Event of Default has occurred and is continuing, whereupon such successor
agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon such appointment and
approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former
Administrative Agent or any of the parties to this Agreement or any holders of the Notes. If no successor Administrative Agent has accepted appointment as Administrative Agent within sixty (60) days
after the retiring Administrative Agent’s giving notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless become effective and the Lenders shall perform all
duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. After any retiring Administrative
Agent’s resignation as Administrative Agent, the provisions of this Section 8.9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative
Agent under this Agreement.

ARTICLE IX

MISCELLANEOUS

Section 9.1

Amendments and Waivers.

Neither this Agreement, nor any of the Notes, nor any of the other Credit Documents,
nor any terms hereof or thereof may be amended, supplemented, waived or modified except in accordance with the provisions of this Section nor may be released except as specifically provided herein or
in accordance with the provisions of this Section 9.1. The Required Lenders may, or, with the written consent of the Required Lenders, the Administrative Agent may, from time to time, (a)
enter into with the Borrower written amendments, supplements or modifications hereto and to the other Credit Documents for the purpose of adding any provisions to this Agreement or the other Credit
Documents or changing in any manner the rights or obligations of the Lenders or of the Borrower hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders may specify
in such instrument, any of the requirements of this Agreement or the other Credit Documents or any Default or Event of Default and its consequences; provided, however, that no such
waiver and no such amendment, waiver, supplement or modification shall:

(i)

reduce the amount or extend the scheduled date of maturity of any
Loan or Note (other than in accordance with Section 2.22), or any installment thereon, or reduce the stated rate of any interest or fee payable hereunder (other

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than interest at the increased post-default rate) or extend the scheduled date of any
payment thereof or increase the amount or extend the expiration date of any Lender’s Commitment, in each case without the written consent of each Lender directly affected thereby; or

(ii)

amend, modify or waive any provision of this Section 9.1, or
reduce the percentage specified in the definition of Required Lenders, without the written consent of all the Lenders; or

(iii)

amend, modify or waive any provision of Article VIII without the
written consent of the then Administrative Agent; or 

(iv)

amend, modify or waive the requirement that any issue be resolved or
determined with the consent, approval or upon the request of the Required Lenders or all Lenders, without the written consent of all of the Lenders to the change of such voting requirement and,
provided, further, that no amendment, waiver or consent affecting the rights or duties of the Administrative Agent under any Credit Document shall in any event be effective, unless in
writing and signed by the Administrative Agent, as applicable, in addition to the Lenders required hereinabove to take such action.

Any such waiver, any such amendment, supplement or modification and any such release
shall apply equally to each of the Lenders and shall be binding upon the Borrower, the Lenders, the Administrative Agent and all future holders of the Notes. In the case of any waiver, the Borrower,
the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the outstanding Loans and Notes and other Credit Documents, and any Default or Event
of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon.

Notwithstanding any of the foregoing to the contrary, the consent of the Borrower shall
not be required for any amendment, modification or waiver of the provisions of Article VIII (other than the provisions of Section 8.9 or any such amendment, modification or waiver which
adversely impacts the Borrower); provided, however, that the Administrative Agent will provide written notice to the Borrower of any such amendment, modification or waiver. In addition,
the Borrower and the Lenders hereby authorize the Administrative Agent to modify this Agreement by unilaterally amending or supplementing Schedule 2.1(a) from time to time in the manner
requested by the Borrower, the Administrative Agent or any Lender in order to reflect any assignments or transfers of the Loans as provided for hereunder; provided, however, that the
Administrative Agent shall promptly deliver a copy of any such modification to the Borrower and each Lender.

Notwithstanding the fact that the consent of all the Lenders is required in certain
circumstances as set forth above, each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the
provisions of Section 1126(c) of the Bankruptcy Code supersede the unanimous consent provisions set forth herein.

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Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any
right to approve or disapprove any amendment, waiver or consent hereunder, except that the Revolving Commitment of such Defaulting Lender may not be increased or extended without the consent of such
Defaulting Lender.

Section 9.2

Notices.

Except as otherwise provided in Article II, all notices, requests and demands to or
upon the respective parties hereto to be effective shall be in writing (including by telecopy), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made (a)
when delivered by hand, (b) when transmitted via telecopy (or other facsimile device) to the number set out herein, (c) the day following the day on which the same has been delivered prepaid or
pursuant to an invoice arrangement to a reputable national overnight air courier service, or (d) the fifth Business Day following the day on which the same is sent by certified or registered mail,
postage prepaid, in each case, addressed as follows in the case of the Borrower and the Administrative Agent, and as set forth on Schedule 9.2 in the case of the Lenders, or to such other
address as may be hereafter notified by the respective parties hereto and any future holders of the Notes:

The Borrower:

Ruddick Corporation

301 South Tryon Street

Suite 1800

Charlotte, NC 28202

Attention: Vice President and Treasurer

Telecopier: (704) 372-6409

Telephone: (704) 372-5404

The Administrative Agent:

Wells Fargo Bank, National Association

301 South College Street, 15th Floor

Charlotte, NC 28202

Attn. Kirk Tesch

Telecopier: (704) 715-1708

Telephone: (704) 715-1438

Section 9.3

No Waiver; Cumulative Remedies.

No failure to exercise and no delay in exercising, on the part of the Administrative
Agent or any Lender, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not
exclusive of any rights, remedies, powers and privileges provided by law.

Section 9.4

Survival of Representations and Warranties.

All representations and warranties made hereunder and in any document, certificate or
statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the Notes and the making of the Loans, provided that all such

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representations and warranties shall terminate on the date upon which the Commitments have been
terminated and all amounts owing hereunder and under any Notes have been paid in full.

Section 9.5

Payment of Expenses and Taxes.

The Borrower agrees (a) to pay or reimburse the Administrative Agent and each Lender
for all their respective reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation, negotiation, printing and execution of, and any amendment, supplement or
modification to, this Agreement and the other Credit Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions
contemplated hereby and thereby, together with the reasonable fees and disbursements of counsel to the Administrative Agent, (b) to pay or reimburse each Lender and the Administrative Agent for all
its reasonable costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the Notes and any such other documents, including, without
limitation, the reasonable fees and disbursements of counsel to the Administrative Agent and to the Lenders (including reasonable allocated costs of in-house legal counsel), (c) on demand, to pay,
indemnify, and hold each Lender and the Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying,
stamp, excise and other similar taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the
transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, the Credit Documents and any such other documents, and (d) to pay,
indemnify, and hold each Lender and the Administrative Agent and their Affiliates harmless from and against, any and all other liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with
respect to the execution, delivery, enforcement, performance and administration of the Credit Documents and any such other documents and the use, or proposed use, of proceeds of the Loans (all of the
foregoing, collectively, the “indemnified liabilities”); provided, however, that the Borrower shall not have any obligation hereunder to the Administrative Agent, any
Lender or any such Affiliate with respect to indemnified liabilities (i) arising from the gross negligence or willful misconduct of the Administrative Agent, any such Lender or any such Affiliate or
(ii) resulting from a claim brought by the Borrower against the Administrative Agent, any Lender or any such Affiliate for bad faith breach of such Administrative Agent’s, Lender’s or
Affiliate’s obligations hereunder or under any other Credit Document, in each case as determined by a court of competent jurisdiction. The agreements in this Section 9.5 shall survive
repayment or assignment of the Loans, the Notes and all other amounts payable hereunder.

Section 9.6

Successors and Assigns; Participations; Purchasing Lenders.

(a)

This Agreement shall be binding upon and inure to the benefit of the
Borrower, the Lenders, the Administrative Agent, all future holders of the Notes and their respective successors and assigns, except that the Borrower may not assign or transfer any of its rights or
obligations under this Agreement or the other Credit Documents without the prior written consent of each Lender.

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(b)

Subject to the conditions set forth in the proviso below, any Lender
may, in accordance with applicable law, sell or assign to any Lender or any affiliate thereof or special purpose entity created thereby or to one or more additional banks or financial institutions
(each a “Purchasing Lender”) all or any part of its rights and obligations under this Agreement and the Notes pursuant to a Commitment Transfer Supplement executed by such Purchasing
Lender and such transferor Lender (and the Administrative Agent and/or the Borrower if the consent of the Administrative Agent and/or the Borrower is required pursuant to the terms of the proviso set
forth below) and delivered to the Administrative Agent for its acceptance and recording in the Register; provided, however, that:

(i)

the Administrative Agent and, so long as no Event of Default has
occurred and is continuing, the Borrower shall have consented to any such sale or assignment (such consents not to be unreasonably withheld), such sales or assignments to include any sale or
assignment described in subsection (ii) below;

(ii)

so long as no Event of Default has occurred and is continuing, (A)
each original Lender hereto may make only one such sale or assignment to a Purchasing Lender, and the amount of such sale or assignment must be either all of the Commitment of such selling or
assigning Lender or less than 50% of the Commitment of such selling or assigning Lender and (B) a Purchasing Lender may subsequently sell or assign its purchased interest so long as the amount of
such sale or assignment constitutes all of the Commitment of such Purchasing Lender;

(iii)

such sales or assignments shall be in minimum amounts of $5,000,000
with respect to Commitments and Loans (or, if less, the entire amount of such selling or assigning Lender’s obligations; 

(iv)

notwithstanding anything to the contrary contained herein, any sale
or assignment to an existing Lender (including any sale or assignment pursuant to Section 2.18(b)) shall not require the consent of the Administrative Agent or the Borrower nor shall any such
sale or assignment be subject to the minimum assignment amounts specified herein (except as required by Section 2.18(b)); and

(v)

no Lender may assign any part of its rights and obligations under
this Agreement and the Notes to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this
clause (v).

Upon such execution, delivery, acceptance and recording, from and after the Transfer Effective Date
specified in such Commitment Transfer Supplement, (x) the Purchasing Lender thereunder shall be a party hereto and, to the extent provided in such Commitment Transfer Supplement, have the rights and
obligations of a Lender hereunder with a Commitment as set forth therein, and (y) the transferor Lender thereunder shall, to the extent provided in such Commitment Transfer Supplement, be released
from its obligations under this Agreement (and, in the case of a Commitment Transfer Supplement covering all or the remaining portion of a transferor Lender’s

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rights and obligations under this Agreement, such transferor Lender shall cease to be a party hereto).
Such Commitment Transfer Supplement shall be deemed to amend this Agreement to the extent, and only to the extent, necessary to reflect the addition of such Purchasing Lender and the resulting
adjustment of Commitment Percentages arising from the purchase by such Purchasing Lender of all or a portion of the rights and obligations of such transferor Lender under this Agreement and the
Notes. On or prior to the Transfer Effective Date specified in such Commitment Transfer Supplement, the Borrower, at its own expense, shall execute and deliver to the Administrative Agent in exchange
for the Notes delivered to the Administrative Agent pursuant to such Commitment Transfer Supplement a new Note to the order of such Purchasing Lender in an amount equal to the Commitment assumed by
it pursuant to such Commitment Transfer Supplement and, unless the transferor Lender has not retained a Commitment hereunder, a new Note to the order of the transferor Lender in an amount equal to
the Commitment retained by it hereunder. Such new Notes shall be dated the Closing Date and shall otherwise be in the form of the Notes replaced thereby. The Notes surrendered by the transferor
Lender shall be returned by the Administrative Agent to the Borrower marked “canceled”.

(c)

The Administrative Agent shall maintain at its address referred to
in Section 9.2 a copy of each Commitment Transfer Supplement delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders and
the Commitment of, and principal amount of the Loans owing to, each Lender from time to time. The entries in the Register shall be conclusive, in the absence of manifest error, and the Borrower, the
Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register as the owner of the Loan recorded therein for all purposes of this Agreement. The Register shall be
available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.

(d)

Upon its receipt of a duly executed Commitment Transfer Supplement,
together with payment to the Administrative Agent by the transferor Lender or the Purchasing Lender, as agreed between them, of a registration and processing fee of $3,500 for each Purchasing Lender
listed in such Commitment Transfer Supplement and the Notes subject to such Commitment Transfer Supplement, the Administrative Agent shall (i) accept such Commitment Transfer Supplement, (ii) record
the information contained therein in the Register and (iii) give prompt notice of such acceptance and recordation to the Lenders and the Borrower.

(e)

The Borrower authorizes each Lender to disclose to any Purchasing
Lender (each, a “Transferee”) and any prospective Transferee any and all financial information in such Lender’s possession concerning the Borrower, its Subsidiaries and its
Affiliates which has been delivered to such Lender by or on behalf of the Borrower pursuant to this Agreement or which has been delivered to such Lender by or on behalf of the Borrower in connection
with such Lender’s credit evaluation of the Borrower and its Affiliates prior to becoming a party to this Agreement, in each case subject to Section 9.17.

(f)

At the time of each assignment pursuant to this Section 9.6
to a Person which is not already a Lender hereunder and which is not a United States person (as such

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term is defined in Section 7701(a)(30) of the Code) for Federal income tax purposes,
the respective assignee Lender shall provide to the Borrower and the Administrative Agent the appropriate Internal Revenue Service Forms (and, if applicable, a 2.17 Certificate) described in
Section 2.17.

(g)

Nothing herein shall prohibit any Lender from pledging or assigning
any of its rights under this Agreement (including, without limitation, any right to payment of principal and interest under any Note) to any Federal Reserve Bank in accordance with applicable laws.

(h)

No Lender may assign any of its rights or obligations under this
Agreement or any other Credit Document except (i) in accordance with the terms and provisions of Section 9.6(b) hereof or (ii) under the circumstances (and subject to the restrictions)
described in Section 2.18(b) or 9.6(g). No Lender may grant any participation in any of its rights or obligations under this Agreement or any other Credit Document except under the
circumstances (and subject to the restrictions) described in Sections 2.2(c) and 9.7(a).

Section 9.7

Adjustments; Set-off.

(a)

Each Lender agrees that if any Lender (a “Benefited Lender
”) shall at any time receive any payment of all or part of its Loans, or interest thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off,
pursuant to events or proceedings of the nature referred to in Section 7.1(e), or otherwise) in a greater proportion than any such payment to or collateral received by any other Lender, if
any, in respect of such other Lender’s Loans, or interest thereon, such Benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such
other Lender’s Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefited Lender to share the
excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is
thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. The Borrower
agrees that each Lender so purchasing a portion of another Lender’s Loans may exercise all rights of payment (including, without limitation, rights of set-off subject to paragraph (c) below),
with respect to such portion as fully as if such Lender were the direct holder of such portion.

(b)

In addition to any rights and remedies of the Lenders provided by
law (including, without limitation, other rights of set-off), each Lender shall have the right, without prior notice to the Borrower, any such notice being expressly waived by the Borrower to the
extent permitted by applicable law, upon the occurrence of any Event of Default, to setoff and appropriate and apply any and all deposits (general or special, time or demand, provisional or final),
in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by
such Lender or any branch thereof to or for the credit or the account of the Borrower, or any part thereof in such amounts as

66

such Lender may elect, against and on account of the obligations and liabilities of
the Borrower to such Lender hereunder and claims of every nature and description of such Lender against the Borrower, in any currency, whether arising hereunder, under the Notes or under any
documents contemplated by or referred to herein or therein, as such Lender may elect, whether or not such Lender has made any demand for payment and although such obligations, liabilities and claims
may be contingent or unmatured. The aforesaid right of set-off may be exercised by such Lender against the Borrower or against any trustee in bankruptcy, debtor in possession, assignee for the
benefit of creditors, receiver or execution, judgment or attachment creditor of the Borrower, or against anyone else claiming through or against the Borrower or any such trustee in bankruptcy, debtor
in possession, assignee for the benefit of creditors, receiver, or execution, judgment or attachment creditor, notwithstanding the fact that such right of set-off shall not have been exercised by
such Lender prior to the occurrence of any Event of Default. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application made by such
Lender; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application.

(c)

Nothing contained in this Agreement or any other Credit Document
shall be deemed to give the Administrative Agent or any Lender any right of set-off or banker’s lien against any money or property deposited with or to the account of, or otherwise held by, (i)
any Affiliate of any Lender, or (ii) any other Person other than a Lender. Each of the Administrative Agent and each Lender hereby waives any right of set-off or banker’s lien (whether arising
under any Credit Document, any applicable law or otherwise) against any money or property deposited with or to the account of, or otherwise held by, (Y) any Affiliate of any Lender, or (Z) any other
Person other than a Lender, in each case to the extent such right of set-off or banker’s lien may be deemed to secure any Obligation.

Section 9.8

Table of Contents and Section Headings.

The table of contents and the Section and subsection headings herein are intended for
convenience only and shall be ignored in construing this Agreement.

Section 9.9

Counterparts.

This Agreement may be executed by one or more of the parties to this Agreement on any
number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Agreement signed by all the parties
shall be lodged with the Borrower and the Administrative Agent.

Section 9.10

Effectiveness.

This Agreement shall become effective on the date on which all of the parties have
signed a copy hereof (whether the same or different copies) and shall have delivered the same to the Administrative Agent pursuant to Section 9.2 or, in the case of the Lenders, shall have
given to the Administrative Agent written, telecopied or telex notice (actually received) at such office that the same has been signed and mailed to it.

67

Section 9.11

Severability.

Any provision of this Agreement which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

Section 9.12

Integration.

This Agreement, the Notes and the other Credit Documents represent the agreement of the
Borrower, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent, the
Borrower, or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the Notes.

Section 9.13

Governing Law.

This Agreement and the Notes and the rights and obligations of the parties under this
Agreement and the Notes shall be governed by, and construed and interpreted in accordance with, the law of the State of North Carolina.

Section 9.14

Consent to Jurisdiction and Service of Process.

All judicial proceedings brought against any party with respect to this Agreement, any
Note or any of the other Credit Documents may be brought in any state or federal court of competent jurisdiction in the State of North Carolina, and, by execution and delivery of this Agreement, each
of the Administrative Agent, each Lender and the Borrower accepts, for itself and in connection with its properties, generally and unconditionally, the non-exclusive jurisdiction of the aforesaid
courts and irrevocably agrees to be bound by any final judgment rendered thereby in connection with this Agreement from which no appeal has been taken or is available. Each of the Borrower, the
Administrative Agent and each Lender irrevocably agrees that all service of process in any such proceedings in any such court may be effected by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid, to it at its address set forth in Section 9.2 or at such other address of which the Administrative Agent or the Borrower shall
have been notified pursuant thereto, such service being hereby acknowledged by the Administrative Agent, each Lender and the Borrower to be effective and binding service in every respect. The
Borrower, the Administrative Agent and the Lenders irrevocably waive any objection, including, without limitation, any objection to the laying of venue or based on the grounds of forum non conveniens
which it may now or hereafter have to the bringing of any such action or proceeding in any such jurisdiction. Nothing herein shall affect the right to serve process in any other manner permitted by
law or shall limit the right of any party to bring proceedings against any other party in the court of any other jurisdiction.

Section 9.15

Arbitration.

(a)

Notwithstanding the provisions of Section 9.14 to the
contrary, upon demand of any party hereto, whether made before or within three (3) months after

68

institution of any judicial proceeding, any dispute, claim or controversy arising out
of, connected with or relating to this Agreement and other Credit Documents (“Disputes”) between or among parties to this Agreement shall be resolved by binding arbitration as
provided herein. Institution of a judicial proceeding by a party does not waive the right of that party to demand arbitration hereunder. Disputes may include, without limitation, tort claims,
counterclaims, disputes as to whether a matter is subject to arbitration, claims brought as class actions, claims arising from Credit Documents executed in the future, or claims arising out of or
connected with the transaction reflected by this Agreement.

Arbitration shall be conducted under and governed by the Commercial
Arbitration Rules (the “Arbitration Rules”) of the American Arbitration Association (the “AAA”) and Title 9 of the U.S. Code provided, however, that
notwithstanding any Arbitration Rules to the contrary, the parties agree that: (i) no claim may be pursued by any party in arbitration which is barred by the applicable statue of limitations and the
resolution of any statute of limitations defense to any claim asserted shall be finally decided by a court having jurisdiction thereof and not by the arbitrator(s) if timely and appropriately
asserted before said court and shall be subject to proceeding in such court by appropriate motion prior to the award of the arbitrator or timely and appropriate motion after the rendering of the
arbitrators award; (ii) the arbitration shall be private and any award rendered by the arbitrator(s) shall be kept confidential by the parties, it being agreed that any claims arising out of or
relating to this obligation, or the breach thereof by any party, shall be settled by arbitration in accordance with the terms of this Agreement; (iii) testimony by affidavit shall not be permitted in
the arbitration; (iv) if the arbitration involves claims or counterclaims, either of which exceed $1,000,000, the dispute shall be heard by three arbitrators; (v) hearsay evidence shall not be
presented by the parties or considered by the arbitrator(s), except that which would be permissible by the North Carolina Rules of Evidence in effect at the time of the arbitration; (vi) the parties
shall have the right at least sixty (60) days in advance of the arbitration hearing to inspect originals and receive copies of all documents to be relied upon by the other party at the arbitration
and shall also have the right, upon thirty (30) days notice in writing to the other
party, to request and then inspect and copy all relevant documents, it being agreed that the arbitrator(s) shall resolve any disputes concerning the relevance of documents to be produced and that the
documents produced or relied upon by any party shall be subject to the same obligation of confidentiality set forth above; (vii) in an arbitration where any claim or counterclaim exceeds $100,000,
the parties shall have the right to take the deposition of any party or their representative(s) who have knowledge of any facts relating to the claims or counterclaims asserted or the defenses
related thereto; (viii) where one party intends to rely upon the testimony of an expert or experts, the expert(s) must be disclosed at least ninety (90) days in advance of the arbitration and the
other party shall have the right within thirty (30) days thereafter to take the deposition of the expert upon payment of the expert’s reasonable fees for the in-deposition time of the expert, it
being agreed that the other party who did not intend to use an expert until this disclosure occurred shall have thirty (30) days after the deposition of the expert to disclose that party’s
expert and the other party shall be entitled to a deposition of the expert upon payment of the expert’s reasonable fee for the in-deposition time of the expert; and (ix) the arbitrator(s) shall
be required to consider the law presented by any party which that party considers to be applicable to any claims presented, and where a legal issue exists which a party contends

69

would result in dismissal of a claim brought by any party, the arbitrator(s) shall
make findings and conclusions with respect to that issue upon request of any party. Notwithstanding the foregoing, this arbitration provision does not apply to any disputes under or related to swap
agreements between the parties hereto, said matter being reserved for the provisions provided for in said swap agreements. All arbitration hearings shall be conducted in Charlotte, North Carolina. A
hearing shall begin within six months after the arbitration panel has been selected and all hearings shall be concluded within nine months after such selection. These time limitations may not be
extended unless a party shows cause for extension and then no more than a total extension of 90 days. All applicable statutes of limitation shall apply to any Dispute. A judgment upon the award may
be entered in any court having jurisdiction. Arbitrators shall be licensed attorneys selected from the Commercial Financial Dispute Arbitration Panel of the AAA. The parties hereto do not waive
applicable Federal or state substantive law except as provided herein.

(b)

Notwithstanding the preceding binding arbitration provisions, the
Administrative Agent, the Lenders and the Borrower agree to preserve, without diminution, certain remedies that the Administrative Agent on behalf of the Lenders may employ or exercise freely,
independently or in connection with an arbitration proceeding or after an arbitration action is brought. The Administrative Agent on behalf of the Lenders shall have the right to proceed in any court
of proper jurisdiction or by self-help to exercise or prosecute the following remedies, as applicable (i) all rights to foreclose against any real or personal property or other security by exercising
a power of sale granted under Credit Documents or under applicable law or by judicial foreclosure and sale, including a proceeding to confirm the sale; (ii) all rights of self-help including peaceful
occupation of real property and collection of rents, set-off (subject to Section 9.7(c)), and peaceful possession of personal property; and (iii) obtaining provisional or ancillary remedies
including injunctive relief, sequestration, garnishment, attachment, appointment of receiver and filing an involuntary bankruptcy proceeding. Preservation of these remedies does not limit the power
of an arbitrator to grant similar remedies that may be requested by a party in a Dispute.

(c)

The parties hereto agree that they shall not have a remedy of
punitive or exemplary damages against the other in any Dispute and hereby waive any right or claim to punitive or exemplary damages they have now or which may arise in the future in connection with
any Dispute whether the Dispute is resolved by arbitration or judicially.

(d)

By execution and delivery of this Agreement, each of the parties
hereto accepts, for itself and in connection with its properties, generally and unconditionally, the non-exclusive jurisdiction relating to any arbitration proceedings conducted under the Arbitration
Rules in Charlotte, North Carolina and irrevocably agrees to be bound by any final judgment rendered thereby in connection with this Agreement from which no appeal has been taken or is available.

70

Section 9.16

Waivers of Jury Trial.

THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM
THEREIN.

Section 9.17

Confidentiality.

Subject to the provisions of this Section 9.17, each of the Administrative Agent
and the Lenders severally hereby agrees to keep confidential all non-public information pertaining to the Borrower or its Subsidiaries which is provided to it by the Borrower or its Subsidiaries, and
shall not intentionally disclose such information to any Person except:

(a)

to the extent such information is public when received by such
Person or becomes public thereafter due to the act or omission of any party other than such Person;

(b)

to the extent such information is lawfully and independently
obtained from a source other than the Borrower or any of its Subsidiaries and such Person neither knows or has reason to know that such information from such source is subject to an obligation of
confidentiality or, if such information is subject to an obligation of confidentiality, that disclosure of such information is permitted;

(c)

to counsel, auditors, accountants or agents retained by any such
Person or any Affiliates of any such Person provided they agree to keep such information confidential as if such Person or Affiliate were party to this Agreement and to financial institution
regulators, including examiners of any Lender or the Administrative Agent in the course of examinations of such Persons;

(d)

in connection with any litigation or the enforcement or preservation
of the rights of the Administrative Agent or any Lender under the Credit Documents; provided, however, that in connection with such litigation or enforcement or preservation of rights, the
Administrative Agent and Lenders at Borrower’s cost and expense (i) shall use all reasonable efforts to preserve the confidentiality of all information (including any information relating to the
business of the Borrower or any of its Subsidiaries) which, in the hands of any competitor of the Borrower or any Subsidiary would reasonably be expected to be competitively damaging to the Borrower
or such Subsidiary, and (ii) shall support any effort of the Borrower to intervene in any non-governmental third party litigation or other proceeding to oppose any disclosure of information relating
to the Borrower or its Subsidiaries or to seek protective measures minimizing any such disclosure; provided, further, there shall be no duty of confidentiality referenced in the preceding subsection
(i) or obligation to support an intervention in such litigation by the Borrower as referenced in the preceding subsection (ii) unless, in each case, the Administrative Agent and the Lenders (as
applicable) believe their respective positions in any such litigation would not be compromised or hindered in any way by the actions described in such subsections (i) and/or (ii);

71

(e)

to the extent required by any applicable statute, rule or regulation
or court order (including without limitation by way of subpoena) or pursuant to the request of any regulatory or Governmental Authority having jurisdiction over any such Person; provided, however,
that such Person at the Borrower’s cost and expense (i) shall endeavor (if not otherwise prohibited by law) to so notify the Borrower prior to any disclosure made pursuant to this clause (e),
except that no such person shall be subject to any liability whatsoever for any failure to notify the Borrower and (ii) to the extent customary and reasonable within the financial institutions
industry shall support the Borrower in any effort to intervene in any proceeding or before any such regulatory or Governmental Authority to oppose any such disclosure or to seek protective measures
minimizing any such disclosure; provided, further, there shall be no obligation to support an intervention in such proceeding by the Borrower as referenced in the preceding subsection (ii) unless, in
each case, the Administrative Agent and the Lenders (as applicable) believe their respective positions in any such litigation would not be compromised or hindered in any way by the actions described
in such subsection (ii);

(f)

the Administrative Agent may disclose such information to the
Lenders; or

(g)

to the extent disclosure to other financial institutions or other
Persons is appropriate in connection with any proposed or actual assignment by any of the Lenders of interests in this Agreement and any Note to such other financial institutions (to the extent
permitted by this Agreement) so long as such financial institution or other Person first agrees in writing to hold such information in confidence in accordance with the foregoing provisions of this
Section 9.17.

Section 9.18

Patriot Act Notice.

Each Lender subject to the Patriot Act (as defined below) and the Administrative Agent
(for itself and not on behalf of any other party) hereby notifies the Borrower that, pursuant to the requirements of the USA Patriot Act, Title III of Pub. L. 107-56, signed into law October 26, 2001
(the “Patriot Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other
information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the Patriot Act.

Section 9.19

Replacement of Lenders.

If any Lender requests compensation under Section 2.15, or if the Borrower is
required to pay any indemnification or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17 and, in each case, such Lender has
declined or is unable to designate a different Domestic Lending Office, or LIBOR Lending Office, as the case may be, in accordance with Section 2.17(c), or if any Lender is a Defaulting Lender
or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, with recourse
(in accordance with and subject to the restrictions contained in, and consents required by, Section 9.6), all of its interests, rights (other than its existing rights to payments pursuant to
Section 2.15 or 2.17) and obligations under this Agreement and the related Credit Documents to

72

a Purchasing Lender that shall assume such obligations (which assignee may be another Lender, if a Lender
accepts such assignment); provided that:

(a)

the Borrower shall have paid to the Administrative Agent the
assignment fee (if any) specified in Section 9.6;

(b)

such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans and participations in Letters of Credit and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the
other Credit Documents (including any amounts under Section 2.16) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in case of all
other amounts);

(c)

in the case of any such assignment resulting from a claim for
compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments thereafter;

(d)

such assignment does not conflict with applicable law; and

(e)

in the case of any assignment resulting from a Lender becoming a
Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver, supplement, modification or consent.

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result
of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

[Remainder of page intentionally left blank.]

73

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

BORROWER:

RUDDICK CORPORATION

By: /S/ RONALD H. VOLGER

Name: Ronald H. Volger

Title:   Vice President and Treasurer 

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

AGENT:

WELLS FARGO BANK, NATIONAL

ASSOCIATION,

in its capacity as Administrative Agent

By: /S/ KIRK TESCH

Name: Kirk Tesh

Title: Director

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have caused this Agreement to be
duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

LENDERS:

WELLS FARGO BANK, NATIONAL

ASSOCIATION

By: /S/ KIRK TESCH

Name: Kirk Tesh

Title: Director

WELLS FARGO BANK, NATIONAL

ASSOCIATION, 

as Swingline Lender

By: /S/ KIRK TESCH

Name: Kirk Tesh

Title: Director

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have caused this Agreement to be
duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

BRANCH BANKING & TRUST COMPANY

By: /S/ STUART M. JONES

Name: Stuart M. Jones

Title: Senior Vice President

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

JPMORGAN CHASE BANK, N.A.

By: /S/ PATRICK S. THORNTON

Name: Patrick S. Thornton

Title: Director

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

FARM CREDIT BANK OF TEXAS

By: /S/ LUIS M.H. REQUEJO

Name: Luis M. H. Requejo

Title: Director Capital Markets

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

FIFTH THIRD BANK

By: /S/ MARY J. RAMSEY

Name: Mary J. Ramsey

Title: Vice President

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

TD BANK N.A.

By: /S/ TODD ANTICO

Name: Todd Antico

Title: Senior Vice President

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

REGIONS BANK

By: /S/ ANTHONY LETRENT

Name: Anthony LeTrent

Title: Senior Vice President

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

AGFIRST FARM CREDIT BANK

By: /S/ MATTHEW H. JEFFORDS

Name: Matthew H. Jeffords

Title: Asst. Vice President

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

COBANK, ACB

By: /S/ HAL NELSON

Name: Hal Nelson

Title: Vice President

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

RBC BANK (USA)

By: /S/ LARRY D JACKSON JR.

Name: Larry D Jackson Jr.

Title: Sr. Underwriter

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

GREENSTONE FARM CREDIT SERVICES,

ACA/FLCA

By: /S/ ALFRED S. COMPTON, JR.

Name: Alfred S. Compton, Jr.

Title: Senior Vice President/Managing Director

Ruddick Corporation – Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the parties hereto have
caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

AGSTAR FINANCIAL SERVICES, PCA

By: /S/ TROY MOSTAERT

Name: Troy Mostaert

Title: Vice President Capital Markets

Ruddick Corporation – Amended and Restated Credit Agreement

Schedule 1.1(a)

NOTICE OF ACCOUNT DESIGNATION

Dated January __, 2012

Wells Fargo Bank, National Association, as Administrative Agent

under the Credit Agreement referred to below

One Wells Fargo Center

Charlotte, NC 28288

Ladies and Gentlemen:

This Notice of Account Designation is delivered to you by RUDDICK CORPORATION, a North
Carolina corporation (the “Borrower”), under Section 4.1(e) of the Amended and Restated Credit Agreement dated as of January 30, 2012 (as amended, restated, supplemented or
otherwise modified, the “Credit Agreement”) by and among the Borrower, the several banks and other financial institutions from time to time parties thereto and Wells Fargo Bank,
National Association, as Administrative Agent.

The Administrative Agent is hereby authorized to disburse all Loan proceeds into the
following account, unless the Borrower shall designate in writing to the Administrative Agent one or more other accounts:

[______________________]

ABA Routing Number [_______]

Account #[__________]

Notwithstanding the foregoing, on the Closing Date (as defined in the Credit
Agreement), funds borrowed under the Credit Agreement shall be sent to the institutions and/or persons designated on the attached payment instructions.

IN WITNESS WHEREOF, the undersigned has executed this Notice of Account Designation
this ____ day of January, 2012.

RUDDICK CORPORATION

By:_____________________________________________

Name:___________________________________________

Title:____________________________________________

Schedule 1.1(b)

EXISTING LETTERS OF CREDIT

						
	
Letter of Credit Number

	
Amount

	
Type

	
Issuance

	
Expiration

	
Beneficiary

	SM421127

	 $1,013,000.00

	Standby

	5/1/2011

	5/1/2012

	UNITED STATES FIDELITY AND GUARANTY
COMPANY

	LC968-085767

	 $24,787,500.00

	Standby

	5/1/2011

	5/1/2012

	THE TRAVELERS INDEMNITY COMPANY

	SM239070

	 $2,596,000.00

	Standby

	5/3/2011

	5/3/2012

	BERKADIA COMMERCIAL MORTGAGE

	IC0029453U

	 $47,412.84

	Trade

	11/17/2011

	2/13/2012

	THE GERSON COMPANY

	IC0029456U

	 $33,408.30

	Trade

	11/21/2011

	2/13/2012

	GARDMAN USA, INC.

	IC0029457U

	 $14,302.64

	Trade

	11/21/2011

	2/13/2012

	INTERNATIONAL DEVELOPMENT LLC

	IC0029458U

	 $62,262.10

	Trade

	11/21/2011

	2/13/2012

	MAC SPORTS

	IC0029459U

	 $72,424.22

	Trade

	11/21/2011

	2/13/2012

	RIO BRANDS, INC.

Schedule 2.1(a)

LENDERS AND COMMITMENTS

					
	Lender

	
Revolving Committed Amount

	
Revolving Commitment Percentage

	
LOC Committed Amount

	
LOC Commitment Percentage

	
Wells Fargo Bank, National Association

	$50,000,000.00

	14.285714286%

	$14,285,714.29

	14.285714286%

	
Branch Banking and Trust Company

	$50,000,000.00

	14.285714286%

	$14,285,714.29

	14.285714286%

	
JPMorgan Chase Bank, N.A.

	$35,000,000.00

	10.000000000%

	$10,000,000.00

	10.000000000%

	
Farm Credit Bank of Texas

	$35,000,000.00

	10.000000000%

	$10,000,000.00

	10.000000000%

	
Fifth Third Bank

	$35,000,000.00

	10.000000000%

	$10,000,000.00

	10.000000000%

	
TD Bank N.A.

	$30,000,000.00

	8.571428571%

	$8,571,428.57

	8.571428571%

	
Regions Bank

	$20,000,000.00

	5.714285714%

	$5,714,285.71

	5.714285714%

	
AgFirst Farm Credit Bank

	$20,000,000.00

	5.714285714%

	$5,714,285.71

	5.714285714%

	
CoBank, ACB

	$20,000,000.00

	5.714285714%

	$5,714,285.71

	5.714285714%

	
RBC Bank (USA)

	$20,000,000.00

	5.714285714%

	$5,714,285.71

	5.714285714%

	
GreenStone Farm Credit Services, ACA/FLCA

	$20,000,000.00

	5.714285714%

	$5,714,285.71

	5.714285714%

	
AgStar Financial Services, PCA

	$15,000,000.00

	4.285714287%

	$4,285,714.30

	4.285714287%

	
Total:

	$350,000,000.00

	100.000000000%

	$100,000,000.00

	100.000000000%

Schedule 2.1(b)(i)

FORM OF NOTICE OF BORROWING FOR REVOLVING LOANS

[Date]

Wells Fargo Bank, National Association, as Administrative Agent

under the Credit Agreement referred to below

One Wells Fargo Center

Charlotte, NC 28288

Ladies and Gentlemen:

Pursuant to Section 2.1(b) of the Amended and Restated Credit Agreement (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of January 30, 2012 among RUDDICK CORPORATION, a North Carolina corporation
(the “Borrower”), the several banks and other financial institutions from time to time parties thereto, and Wells Fargo Bank, National Association, as Administrative Agent, the
Borrower hereby requests that the following Loans be made on [date] as follows (the “Proposed Borrowing”):

I.

Revolving Loans requested:

(1)

Total Amount of Revolving Loans

$_____________________

(2)

Amount of (1) to be allocated

to LIBOR Rate Loans

$_____________________

(3)

Amount of (1) to be allocated

to LIBOR Market Index Rate Loans.

$_____________________

(4)

Amount of (1) to be allocated

to Alternate Base Rate Loans.

$_____________________

(5)

Interest Periods and amounts to be allocated

thereto in respect of the LIBOR Rate Loans 

referenced in (2) (amounts must total (2)):

(i)

one month.

$_____________________

(ii)

two months

$_____________________

(iii)

three months

$_____________________

(iv)

six months

$_____________________

Total LIBOR Rate Loans

$_____________________

NOTE:

BORROWINGS MUST BE IN MINIMUM AMOUNTS OF (A) WITH RESPECT TO LIBOR
RATE LOANS AND LIBOR MARKET INDEX RATE, $500,000 AND $100,000 INCREMENTS IN EXCESS THEREOF AND (B) WITH RESPECT TO ALTERNATE BASE RATE LOANS, $250,000 AND $100,000 INCREMENTS IN EXCESS THEREOF.

Terms defined in the Credit Agreement shall have the same meanings when used herein.

The undersigned hereby certifies that the following statements are true on the date
hereof and will be true on the date of the Proposed Borrowing:

(A)

the representations and warranties made by the Borrower in the
Credit Agreement are and will be true and correct in all material respects, both before and after giving effect to the Proposed Borrowing and to the application of the proceeds thereof, with the same
effect as though such representations and warranties had been made on and as of the date of such Proposed Borrowing (it being understood that any representation or warranty which by its terms is made
as of a specified date shall be required to be true and correct in all material respects only as of such specified date); and

(B)

no Default or Event of Default has occurred and is continuing, or
would result from such Proposed Borrowing or from the application of the proceeds thereof.

Very truly yours,

RUDDICK CORPORATION

By:__________________________________

Name:________________________________

Title:_________________________________

Schedule 2.1(b)(iv)

FORM OF REVOLVING NOTE

$______________

January __, 2012

FOR VALUE RECEIVED, the undersigned, RUDDICK CORPORATION, a North Carolina corporation
(the “Borrower”), hereby unconditionally promises to pay, on the Termination Date (as defined in the Credit Agreement referred to below), to the order of ______________________
 (the “Lender”) at the office of Wells Fargo Bank, National Association located at Charlotte, North Carolina, in lawful money of the United States of America and in immediately
available funds, the principal amount of (a) ____________________ DOLLARS ($_____________), or, if less, (b) the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the
undersigned pursuant to Section 2.1(a) of the Credit Agreement referred to below. The undersigned further agrees to pay interest in like money at such office on the unpaid principal amount
hereof and, under the circumstances described in the Credit Agreement and to the extent permitted by law, accrued interest in respect hereof from time to time from the date hereof until payment in
full of the principal amount hereof and accrued interest hereon, at the rates and on the dates set forth in the Credit Agreement.

The holder of this Note is authorized to endorse the date and amount of each Revolving
Loan made pursuant to Section 2.1(a) of the Credit Agreement and each payment of principal and interest with respect thereto and its character as a LIBOR Rate Loan, a LIBOR Market Index Rate
Loan or an Alternate Base Rate Loan on Schedule I annexed hereto and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, which endorsement
shall constitute prima facie evidence of the accuracy of the information endorsed; provided, however, that the failure to make any such endorsement shall not affect the
obligations of the undersigned under this Note.

This Note is one of the Revolving Notes referred to in the Amended and Restated Credit
Agreement dated as of January 30, 2012 among the Borrower, the Lender, the other banks and financial institutions from time to time parties thereto, and Wells Fargo Bank, National Association, as
administrative agent (the “Administrative Agent”) for the Lenders (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), and is
entitled to the benefits thereof. Terms used but not otherwise defined herein shall have the meanings provided in the Credit Agreement.

Upon the occurrence of any one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided therein. In the event this Note is not paid when due at
any stated or accelerated maturity, the Borrower agrees to pay, in addition to principal and interest, all costs of collection, including reasonable attorneys’ fees.

All parties now and hereafter liable with respect to this Note, whether maker,
principal, surety, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind.

[Remainder of page intentionally left blank]

This Note shall be governed by, and construed and interpreted in accordance with, the
law of the State of North Carolina.

RUDDICK CORPORATION

By:__________________________________

Name:________________________________

Title:_________________________________

SCHEDULE 1

to

Revolving Note

LOANS AND PAYMENTS OF PRINCIPAL

									
	Date

	Amount of Loan

	Type of Loan1

	Interest Rate

	Interest Period

	Maturity Date

	Principal Paid or Converted

	Principal Balance

	Notation Made By

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

	______

	_______

	______

	__________

	_________

	________

	_________

	_________

	________

__________ 

1 

The type of Loan may be represented by “L” for LIBOR Rate Loans, “ABR” for Alternate Base Rate Loans or “LMIR” for LIBOR Market
Index Rate Loans.

Schedule 2.3(b)(i)

FORM OF NOTICE OF BORROWING FOR SWINGLINE LOANS

[Date]

Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender

under the Credit Agreement referred to below

One Wells Fargo Center

Charlotte, NC 28288

Ladies and Gentlemen:

Pursuant to Section 2.3(b) of the Amended and Restated Credit Agreement (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of January 30, 2012 among RUDDICK CORPORATION, a North Carolina corporation
(the “Borrower”), the several banks and other financial institutions from time to time parties thereto, and Wells Fargo Bank, National Association, as Administrative Agent, the
Borrower hereby requests that the following Swingline Loan be made on [date] as follows (the “Proposed Borrowing”):

 

Amount of Swingline Loan

$_______________

NOTE:

  BORROWINGS MUST BE IN MINIMUM AMOUNTS OF $50,000 AND $10,000 INCREMENTS IN
EXCESS THEREOF.

 The undersigned hereby certifies that the following statements are true on the date hereof and will
be true on the date of the Proposed Borrowing:

(A)

the representations and warranties made by the Borrower in the
Credit Agreement are and will be true and correct in all material respects, both before and after giving effect to the Proposed Borrowing and to the application of the proceeds thereof, with the same
effect as though such representations and warranties had been made on and as of the date of such Proposed Borrowing (it being understood that any representation or warranty which by its terms is made
as of a specified date shall be required to be true and correct in all material respects only as of such specified date); and

(B)

no Default or Event of Default has occurred and is continuing, or
would result from such Proposed Borrowing or from the application of the proceeds thereof.

Very truly yours,

RUDDICK CORPORATION

By:_________________________________

Name:_______________________________

Title:________________________________

Schedule 2.3(d)

FORM OF SWINGLINE NOTE

__________, 201_

FOR VALUE RECEIVED, the undersigned, RUDDICK CORPORATION, hereby unconditionally
promises to pay, on each date specified for the payment of principal and on the Termination Date (as defined in the Credit Agreement referred to below), to the order of Wells Fargo Bank, National
Association, as Swingline Lender (the “Lender”) at the office of Wells Fargo Bank, National Association located at Charlotte, North Carolina, in lawful money of the United States of
America and in immediately available funds, the aggregate unpaid principal amount of all Swingline Loans made by the Lender to the undersigned pursuant to Section 2.3 of the Credit Agreement.
The undersigned further agrees to pay interest in like money at such office on the unpaid principal amount of this Note from time to time from the date hereof until payment in full of the principal
amount hereof, at the rates and on the dates set forth in the Credit Agreement.

The holder of this Note is authorized to endorse the date and amount of each Swingline
Loan made pursuant to Section 2.3 of the Credit Agreement and each payment of principal and interest with respect thereto, which endorsement shall constitute prima facie evidence of the
accuracy of the information endorsed; provided, however, that the failure to make any such endorsement shall not affect the obligations of the undersigned under this Note.

This Note is one of the Swingline Notes referred to in the Amended and Restated Credit
Agreement dated as of January 30, 2012 among Ruddick Corporation, a North Carolina corporation (the “Borrower”), the Lenders from time to time party thereto and Wells Fargo Bank,
National Association, as Administrative Agent (as amended, restated or otherwise modified, the “Credit Agreement”), and is entitled to the benefits thereof. Terms used but not
otherwise defined herein shall have the meanings provided in the Credit Agreement. 

Upon the occurrence of any one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided therein. In the event this Note is not paid when due at
any stated or accelerated maturity, the Borrower agrees to pay, in addition to principal and interest, all costs of collection, including reasonable attorneys’ fees.

All parties now and hereafter liable with respect to this Note, whether maker,
principal, surety, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind.

[Remainder of page intentionally left blank]

This Note shall be governed by, and construed and interpreted in accordance with, the
laws of the State of North Carolina.

RUDDICK CORPORATION

By:_______________________________

Name:

Title:

SCHEDULE 1

to

Swingline Note

LOANS AND PAYMENTS OF PRINCIPAL

				
	Date

	Amount of Loan

	Principal Balance

	Notation Made By

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

	______

	_______

	_________

	________

Schedule 2.10

FORM OF NOTICE OF CONVERSION/EXTENSION

[Date]

Wells Fargo Bank, National Association, as Administrative Agent

under the Credit Agreement referred to below

One Wells Fargo Center

Charlotte, NC 28288

Ladies and Gentlemen:

Pursuant to Section 2.10 of the Amended and Restated Credit Agreement (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of January 30, 2012 among RUDDICK CORPORATION, a North Carolina corporation
(the “Borrower”), the several banks and other financial institutions from time to time parties thereto, and Wells Fargo Bank, National Association, as Administrative Agent, the
Borrower hereby requests conversion or extension of the following Loans be made on [date] as follows (the “Proposed Conversion/Extension”):

Applicable Loan to be Converted/Extended 

(1)

Total Amount of Loans to be

converted/extended

$__________

(2)

Amount of (1) to be allocated

to LIBOR Rate Loans

$__________

(3)

Amount of (1) to be allocated

to LIBOR Market Index Rate Loans .

$__________

(4)

Amount of (1) to be allocated

to Alternate Base Rate Loans .

$__________

(5)

Interest Periods and amounts

to be allocated thereto in respect of 

the LIBOR Rate Loans referenced 

in (2) (amounts must total (2)):

(i)

one month

$__________

(ii)

two months

$__________

(iii)

three months

$__________

(iv)

six months

$__________

Total LIBOR Rate Loans

$__________

Terms defined in the Credit Agreement shall have the same meanings when used herein.

The undersigned hereby certifies that, as of the date hereof and as of the date of the
Proposed Conversion/Extension, no Default or Event of Default has occurred and is continuing, or would result from such Proposed Conversion/Extension or from the application of the proceeds thereof.

Very truly yours,

RUDDICK CORPORATION

By:_____________________________

Name:__________________________

Title:____________________________

Schedule 2.17

2.17 CERTIFICATE

Reference is hereby made to the Amended and Restated Credit Agreement, dated as of
January 30, 2012, among RUDDICK CORPORATION, a North Carolina corporation (the “Borrower”), the several banks and other financial institutions from time to time parties thereto, and
Wells Fargo Bank, National Association, as Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized
terms used but not otherwise defined herein shall have the meanings provided in the Credit Agreement. Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby
certifies that it is not a “bank” as such term is used in Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended.

[NAME OF LENDER]

By:_____________________________

Name:__________________________

Title:____________________________

Schedule 9.2

LENDERS’ LENDING OFFICES

Wells Fargo Bank, National Association

301 South College Street, 15th Floor

Charlotte, NC 28202

Attention: Kirk Tesch

Telecopier: (704) 715-1708

Telephone: (704) 715-1438

Branch Banking and Trust Company

200 South College Street, 2nd Floor

Charlotte, NC 28202

Attention: Liz Derby

Telecopier: (704) 954-1038

Telephone: (704) 954-1047

JPMorgan Chase Bank, N.A.

10 South Dearborn

Chicago, IL 60603

Attention: Jacob George

Telecopier: (312) 256-2608

Telephone: (312) 385-7072

Farm Credit Bank of Texas

4801 Plaza on the Lake Drive

Austin, TX 78746

Attention: Sarah Shumate

Telecopier: (512) 233-0790

Telephone: (512) 465-0621

Fifth Third Bank

221 East 4th Street

Cincinnati, OH 45202

Attention: Dawn Bufler

Telecopier: (513) 358-0221

Telephone: (513) 358-3060

TD Bank, N.A.

10 S. Dearborn

Chicago, IL 60603

Attention: Jacob George

Telecopier: (312) 256-2608

Telephone: (312) 385-7072

Regions Bank

201 Milan Parkway

Birmingham, AL 35211

Attention: Stephanie Reid

Telecopier: (205) 261-7069

Telephone: (205) 420-7736

AgFirst Farm Credit Bank

1401 Hampton Street

Columbia, SC 29202

Attention: Robert Caulder

Telecopier: (803) 256-7139

Telephone: (803) 753-2258

CoBank, ACB

5500 South Quebec St.

Greenwood Village, CO 80111

Attention: Shelby Abyeta

Telecopier: (303) 740-4021

Telephone: (303) 694-5937

RBC Bank (USA)

Rocky Mount, NC

Attention: Delia Wiggins

Telecopier: (252) 454-4910

Telephone: (252) 454-8493

GreenStone Farm Credit Services, ACA/FLCA

3515 West Road

East Lansing, MI

Attention: Amber Selle

Telecopier: (517) 318-1240

Telephone: (517) 324-0211

AgStar Financial Services, PCA

14800 Galaxie #205

Apple Valley, MN 55124

Attention: Beth Gregerson

Telecopier: (507) 344-5081

Telephone: (952) 997-1273

Schedule 9.6(c)

FORM OF COMMITMENT TRANSFER SUPPLEMENT

COMMITMENT TRANSFER SUPPLEMENT

Reference is made to the Amended and Restated Credit Agreement, dated as of
January 30, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among RUDDICK CORPORATION, a North Carolina corporation (the
“Borrower”), the several banks and other financial institutions from time to time parties thereto, and Wells Fargo Bank, National Association, as Administrative Agent (the
“Administrative Agent”). Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

                                      (the “Transferor Lender”) and                                       (the “Purchasing Lender”) hereby agree as follows:

1.

The Transferor Lender hereby irrevocably sells and assigns to the Purchasing
Lender without recourse to the Transferor Lender, and the Purchasing Lender hereby irrevocably purchases and assumes from the Transferor Lender without recourse to the Transferor Lender, as of the
Transfer Effective Date (as defined below), a _____% interest (the “Assigned Interest”) in and to the Transferor Lender’s rights and obligations under the Credit Agreement with
respect to those credit facilities contained in the Credit Agreement as are set forth on Schedule 1 attached hereto (individually, an “Assigned Facility”; collectively,
the “Assigned Facilities”), in a principal amount for each Assigned Facility as set forth on such Schedule 1.

2.

The Transferor Lender (a) makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or with respect to the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Credit Agreement, any other Credit Document or any other instrument or document furnished pursuant thereto, other than that the Transferor Lender has not
created any adverse claim upon the interest being assigned by it hereunder and that such interest is free and clear of any such adverse claim; (b) makes no representation or warranty and assumes no
responsibility with respect to the financial condition of the Borrower, any of their Subsidiaries or any other obligor or the performance or observance by the Borrower, any of their Subsidiaries or
any other obligor of any of their respective obligations under the Credit Agreement or any other Credit Document or any other instrument or document furnished pursuant hereto or thereto; and (c)
attaches any Note held by it evidencing the Assigned Facilities and (i) requests that the Administrative Agent exchange the attached Revolving Note for a new Note payable to the Purchasing Lender and
(ii) if the Transferor Lender has retained any interest in the Assigned Facility, requests that the Administrative Agent exchange the attached Revolving Note for a new Note payable to the Transferor
Lender, in each case in amounts which reflect the assignment being made hereby (and after giving effect to any other assignments which have become effective on the Transfer Effective Date).

3.

The Purchasing Lender (a) represents and warrants that it is legally authorized
to enter into this Commitment Transfer Supplement; (b) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements referred to in Section 3.1
thereof, the financial statements delivered pursuant to Section 5.1 thereof, if any, and such other documents and information as it has deemed appropriate to make its own credit analysis and

1

decision to enter into this Commitment Transfer Supplement; (c) agrees that it will, independently and
without reliance upon the Transferor Lender, the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its
own credit decisions in taking or not taking action under the Credit Agreement, the other Credit Documents or any other instrument or document furnished pursuant hereto or thereto; (d) appoints and
authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement, the other Credit Documents or any other
instrument or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms thereof, together with such powers as are incidental thereto; and (e) agrees
that it will be bound by the provisions of the Credit Agreement and will perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be
performed by it as a Lender including, if it is organized under the laws of a jurisdiction outside the United States, its obligations pursuant to Section 2.17 of the Credit Agreement.

4.

The effective date of this Commitment Transfer Supplement shall be ________ ___,
____ (the “Transfer Effective Date”). Following the execution of this Commitment Transfer Supplement, it will be delivered to the Administrative Agent for acceptance by it and
recording by the Administrative Agent pursuant to the Credit Agreement, effective as of the Transfer Effective Date.

5.

Upon such acceptance and recording, from and after the Transfer Effective Date,
the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Purchasing Lender whether such amounts
have accrued prior to the Transfer Effective Date or accrue subsequent to the Transfer Effective Date. The Transferor Lender and the Purchasing Lender shall make all appropriate adjustments in
payments by the Administrative Agent for periods prior to the Transfer Effective Date or, with respect to the making of this assignment, directly between themselves.

6.

From and after the Transfer Effective Date, (a) the Purchasing Lender shall be a
party to the Credit Agreement and, to the extent provided in this Commitment Transfer Supplement, have the rights and obligations of a Lender thereunder and under the other Credit Documents and shall
be bound by the provisions thereof and (b) the Transferor Lender shall, to the extent provided in this Commitment Transfer Supplement, relinquish its rights and be released from its obligations under
the Credit Agreement.

7.

This Commitment Transfer supplement shall be governed by and construed in
accordance with the laws of the State of North Carolina.

IN WITNESS WHEREOF, the parties hereto have caused this Commitment Transfer
Supplement to be executed as of the date first above written by their respective duly authorized officers on Schedule 1 hereto.

2

SCHEDULE 1

TO COMMITMENT TRANSFER SUPPLEMENT

RELATING TO THE AMENDED AND RESTATED CREDIT AGREEMENT,

DATED AS OF JANUARY 30, 2012,

AMONG

RUDDICK CORPORATION,

THE LENDERS NAMED THEREIN,

AND

WELLS FARGO BANK, NATIONAL ASSOCIATION, AS ADMINISTRATIVE
AGENT FOR THE

LENDERS

(IN SUCH CAPACITY, THE “ADMINISTRATIVE AGENT”)

Name of Transferor Lender:

Name of Purchasing Lender:

Transfer Effective Date of Assignment:

	 
			
	 
	Credit
Facility Assigned
	Principal
Amount Assigned
	Commitment Percentage
Assigned2

	 
	 
	$______________
	______________%

 

		
	[NAME OF PURCHASING LENDER]

	[NAME OR TRANSFEROR LENDER]

	 
	 

	 
	 

	 
	 

	By___________________________

	By___________________________

	Name:

Title:

	Name:

Title:

__________ 

2

Calculate the Commitment Percentage that is assigned to at least 10 decimal
places and show as a percentage of the aggregate Commitments of all Lenders.

3

Consented to and Accepted by: 

WELLS FARGO BANK, 

NATIONAL ASSOCIATION, 

as Administrative Agent

By:_____________________________

Name:__________________________

Title:____________________________

4

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