Document:

SUBSCRIPTION AGREEMENT

 

THIS
SUBSCRIPTION AGREEMENT (this “Agreement”), is dated as of August 27, 2013, by and between Aviana Corp.,
a Nevada corporation (the “Company”), and the subscribers identified on the
signature page hereto (each a “Subscriber” and collectively, the “Subscribers”).

 

WHEREAS, the
Company and each Subscriber 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 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 such Subscribers shall purchase a minimum of $[ ] (the “Purchase Price”) worth of shares
of the Company’s Common Stock, $0.001 par value (the “Common Stock”) at a per share purchase price of
$0.75 per share (the “Offering”). The shares of Common Stock shall be referred to herein as the “Securities”;
and

 

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

 

1.          Closing
Date. The “Closing Date” shall be the date that the Purchase Price is transmitted by wire transfer or otherwise
credited to or for the benefit of the Company. The consummation of the transactions contemplated herein shall take place at the
offices of Anslow & Jaclin, LLP, 195 Route 9 South, Suite 204, Manalapan, New Jersey 07726, upon the satisfaction or waiver
of all conditions to closing set forth in this Agreement. Subject to the satisfaction or waiver of the terms and conditions of
this Agreement, on the Closing Date, Subscribers shall purchase and the Company shall sell to Subscribers shares of Common Stock
at the Purchase Price as described in Section 2 of this Agreement.

 

2.          Purchase
of Common Stock.

 

(a)          Common
Stock. Subject to the satisfaction or waiver of the terms and conditions of this Agreement, on the Closing Date, each Subscriber
shall purchase and the Company shall sell to each Subscriber shares of Common Stock in the Principal Amount designated on the signature
page hereto for such Subscriber’s Purchase Price indicated thereon.

 

3.          Allocation
of Purchase Price. The Purchase Price and number of shares issued to each Subscriber will be allocated among the Subscribers
pursuant and in the amounts designated on the signature page hereto for such Subscriber’s Purchase Price indicated thereon.

 

4.          Subscriber
Representations and Warranties. Each Subscriber hereby represents and warrants to and agrees with the Company that:

 

(a)          Organization
and Standing of the Subscriber. If such Subscriber is an entity, such Subscriber is a corporation, partnership or other entity
duly incorporated or organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or
organization.

 

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(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 Notes being sold to it hereunder. The execution, delivery and performance of
this Agreement and the other Transaction Documents by such Subscriber and the consummation by it of the transactions contemplated
hereby and thereby have been duly authorized by all necessary corporate or partnership action, and no further consent or authorization
of such Subscriber or its Board of Directors, stockholders, partners, members, as the case may be, 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 such Subscriber in
accordance with the terms thereof.

 

(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 or bylaws or other organizational documents or (ii) conflict with, or constitute a
default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of
termination, amendment, acceleration or cancellation of any agreement, indenture or instrument or obligation to which such Subscriber
is a party or by which its properties or assets are bound, or 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 such 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 it to execute, deliver or perform any of its obligations under this Agreement and the other
Transaction Documents or 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 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. Such Subscriber has relied on the Other Written
Information in making its investment decision.

 

(e)          Information
on Subscriber. Subscriber is, and will be at the time of the issuance of the Securities, 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 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
the signature page hereto regarding such Subscriber is accurate.

 

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(f)          Purchase
of Shares of Common Stock. On the Closing Date, such Subscriber will purchase the Securities 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.

 

(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 the 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, the 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)          Shares
of Common Stock Legend. The Securities 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), 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."

 

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(i)          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.

 

(j)          Restricted
Securities. Such Subscriber understands that the Securities have not been registered under the 1933 Act and such Subscriber
will 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”
under Regulation D and such Affiliate agrees 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. Affiliate includes each Subsidiary of the
Company. For purposes of this definition, “control” means the power to direct the management and policies of
such person or firm, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise.

 

(k)          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.

 

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

 

(m)          Acknowledgement
of Going Concern. Such Subscriber recognizes and acknowledges that the Company is a “going concern” as disclosed
the Other Written Information and as reported by its auditor and may be unable to meet its financial obligations over the next
twelve months.

 

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

 

5.          Company
Representations and Warranties. The Company represents and warrants to and agrees with each Subscriber that:

 

(a)          Due
Incorporation. The Company is a corporation or other entity duly incorporated or organized, validly existing and in good standing
under the laws of the jurisdiction of its incorporation or organization 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. 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 corporation, limited or general
partnership, limited liability company, trust, estate, association, joint venture or other business entity of which 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.
As of the Closing Date, all of the Company’s Subsidiaries and the Company’s ownership interest therein is set forth
on Schedule 5(a).

 

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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 Securities, and any other agreements delivered together with this Agreement or in connection
herewith (collectively, the “Transaction Documents”) have been duly authorized, executed and delivered by the
Company and/or Subsidiaries and are valid and binding agreements of the Company 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. The Company has full corporate power and authority
necessary to enter into and deliver the Transaction Documents and to perform its obligations thereunder.

 

(d)          Capitalization
and Additional Issuances. The authorized and outstanding capital stock of the Company and Subsidiaries on a fully diluted basis
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 giving 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.

 

(e)          Consents.
No consent, approval, authorization or order of any court, governmental agency or body or arbitrator having jurisdiction over the
Company, or any of its Affiliates, the OTC Bulletin Board (the “Bulletin Board”) or the Company's shareholders
is required for the execution by the Company of the Transaction Documents and compliance and performance by the Company of its
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. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or
filing with, any governmental authority in the world, including without limitation, the United States, or elsewhere is required
by the Company or any Affiliate of the Company in connection with the consummation of the transactions contemplated by this Agreement,
except as would not otherwise have a Material Adverse Effect or the consummation of any of the other agreements, covenants or commitments
of the Company or any Subsidiary contemplated by the other Transaction Documents. Any such qualifications and filings will, in
the case of qualifications, be effective on the 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. Assuming the representations and warranties of the Subscriber in Section 4 are true and correct, neither
the issuance nor sale of the Securities nor the performance of the Company’s obligations under this Agreement and all other
agreements entered into by the Company relating thereto 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 articles or certificate of incorporation, charter 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 Subscriber as described herein; or

 

(iii)          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)          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.

 

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(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 Securities, such Securities 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 exempt 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 of the Company; and

 

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

 

(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 Other Written Information, 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 Other Written Information contains 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 inception, there
has been no Material Adverse Effect relating to the Company's business, financial condition or affairs. The 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)          Defaults.
The Company is not in violation of its articles 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, 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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(l)          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 steps that would cause the offer or issuance of the Securities to be integrated with other offerings which would
impair the exemptions relied upon in this Offering or the Company’s ability to timely comply with its obligations hereunder.
The Company will not conduct any offering other than the transactions contemplated hereby that may be integrated with the offer
or issuance of the Securities that would impair the exemptions relied upon in this Offering or the Company’s ability to timely
comply with its obligations hereunder.

 

(m)          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.

 

(n)          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 businesses since May 17, 2012 and which, individually or in the
aggregate, would reasonably be expected to have a Material Adverse Effect, except as disclosed on Schedule 5(n).

 

(o)          No
Undisclosed Events or Circumstances. Since inception, 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.

 

(p)          Banking.
Schedule 5(p) contains a list of all financial institutions at which the Company and Subsidiaries maintains deposit, checking
and other accounts. The list includes the accurate addresses of such financial institution and account numbers of such accounts.

 

(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 Securities is binding upon the Company and enforceable regardless of the dilution such issuance may
have on the ownership interests of other shareholders of the Company or parties entitled to receive equity of the Company.

 

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(r)          No
Disagreements with Accountants and Lawyers. Other than the opinion regarding the Company’s ability to continue as a “going
concern,” as disclosed in the Company’s Other Written Information, 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.

 

(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)          Transfer
Agent. The Company’s transfer agent is a participant in 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.

 

(v)          Company
Predecessor and Subsidiaries. The Company makes each of the representations contained in Sections 5(a), (b), (c), (d), (e),
(f), (h), (j), (k), (n), (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
Sections 9(g) through 9(l) shall relate, apply and refer to the Company and its predecessors and successors. The Company represents
that it owns all of the equity of the Subsidiaries and rights to receive equity of the Subsidiaries identified 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 the Subsidiaries
have not been known by any other name for the prior five years.

 

(w)          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, in which case such representation or warranty shall be true as of such date.

 

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(x)          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 the 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 the Subscribers from
the Company's legal counsel 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 Subscribers. The Company will provide, at the Company's
expense, such other legal opinions, if any, as are reasonably necessary in each Subscriber’s opinion for the issuance and
resale of the Common Stock pursuant to an effective registration statement, Rule 144 under the 1933 Act or an exemption from registration.

 

7.          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 12(a), the Company will advise the Subscribers, within
twenty-four 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 and unless contemporaneous
notice of such instruction is given to the Subscribers.

 

(b)          Listing/Quotation.
The Company shall promptly secure the quotation or listing of the Securities upon a national securities exchange or automated quotation
system upon the Company’s Common Stock is quoted or listed and upon which such Securities are or become eligible for quotation
or listing (subject to official notice of issuance) and shall maintain same so long as any Subscriber still owns the Securities.
Upon listing, the Company will maintain the quotation or listing of its Common Stock on the American Stock Exchange, 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. The Company will provide 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 and will be 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.

 

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(d)          Filing
Requirements. From the date of the listing on the Principal Market and until the last to occur of (i) two (2) years
after the Closing Date, (ii) until all the Securities have been resold or transferred by the Subscriber pursuant to a registration
statement or pursuant to Rule 144(b)(1)(i), or (iii) the Subscriber no longer owns the Securities (the date of such latest occurrence
being the “End Date”), the Company will (A) cause its Common Stock to continue to be registered under Section
12(b) or 12(g) of the 1934 Act, (B) comply in all respects with its reporting and filing obligations under the 1934 Act, (C) 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, if the Company is not subject to such reporting requirements, and (D) comply with all requirements related to
any registration statement filed pursuant to this Agreement. The Company will use its 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 employed by the Company for expenses of the Offering, and general working
capital. Except as described on Schedule 7(e), the Purchase Price may not and will not be used for accrued and unpaid officer
and director salaries, payment of financing related debt, redemption of outstanding notes or equity instruments of the Company
nor non-trade obligations outstanding on a Closing Date. For so long as any Note is outstanding, the Company will not prepay any
financing related debt obligations, except equipment payments or in the event such payments are made in the ordinary course of
business, nor redeem any equity instruments of the Company without the prior consent of the Subscribers.

 

(f)          DTC Program.
At all times that the Common Stock is outstanding and listed on a Principal Market, the Company will employ as the transfer agent
for the Common Stock, a participant in the Depository Trust Company Automated Securities Transfer Program.

 

(g)          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.

 

    	11

    	 

    

 

(h)          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.

 

(i)          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 will be made of all dealings or transactions in relation to its business and affairs in
accordance with generally accepted accounting principles applied on a consistent basis.

 

(j)          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.

 

(k)          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 Subsidiaries.

 

(l)          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; 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 or for which it is prudent to do so under the circumstances.

 

(m)          Confidentiality/Public
Announcement. From the date of this Agreement and until the End Date, the Company agrees that except in connection with a Form
8-K and the registration statement or statements regarding the Subscriber’s Securities or in correspondence with the SEC
regarding same, it will not disclose publicly or privately the identity of the Subscriber unless expressly agreed to in writing
by a Subscriber or only to the extent required by law and then only upon not less than three days prior notice to Subscriber. In
any event and subject to the foregoing, the Company undertakes to file a Form 8-K describing the Offering not later than the fourth
(4th) business day after the Closing Date. Prior to the Closing Date, such Form 8-K will be provided to Subscribers
for their review and approval. In the Form 8-K, the Company will specifically disclose the nature of the Offering and amount of
Common Stock outstanding immediately after the Closing. Upon  delivery by the Company to the Subscribers after the Closing
Date of any notice or information, in writing, electronically or otherwise, and while Securities are held by 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 Subsidiaries, the Company  shall within one business day 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 Subscribers contains
material, nonpublic information relating to the Company or Subsidiaries, the Company shall so indicate to Subscribers prior to
delivery of such notice or information. Subscribers will be granted sufficient time to notify the Company that such Subscriber
elects not to receive such information. In such case, the Company will not deliver such information to Subscribers. In the absence
of any such indication, 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 Subsidiaries.

 

    	12

    	 

    

 

(n)          Non-Public
Information. The Company covenants and agrees that except for 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 shall have agreed in writing to accept such information. The Company understands and confirms that each Subscriber shall
be relying on the foregoing representations in effecting transactions in securities of the Company.

 

(o)          Negative
Covenants. So long as a Securities are 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) the Excepted Issuances, and (B) (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 generally accepted accounting principles; (b) carriers’, warehousemen’s, mechanics’, 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 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), a “Permitted Lien”).

 

    	13

    	 

    

 

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

 

(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, (ii) reimbursement for
expenses incurred on behalf of the Company, and (iii) for other employee benefits, including stock option agreements under any
stock option plan of the Company; or

 

(v)          prepay
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, any such obligations which in management’s good faith, reasonable judgment must
be repaid to avoid disruption of the Company’s businesses.

 

The Company agrees to provide Subscribers
not less than ten (10) days notice prior to becoming obligated to or effectuating a Permitted Lien or Excepted Issuance.

 

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

 

(q)           Transactions With Insiders. For so long as the Subscribers hold any Securities, the Company
shall not, and shall cause each of its subsidiaries not to, enter into, amend, modify or supplement, or permit any subsidiary to
enter into, amend, modify or 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 7(q) 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
hereof 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.

 

    	14

    	 

    

 

(r)          Blackout.
The Company undertakes and covenants that without the consent of the Subscribers, until the end of the Exclusion Period, the Company
will not enter into any acquisition, merger, exchange or sale or other transaction or fail to take any action that could have the
effect of delaying the effectiveness of any pending registration statement beyond the effective date, or causing an already effective
registration statement to no longer be effective or current for a period of forty-five or more days in the aggregate during any
three hundred and sixty-five day period.

 

8.          Covenants
of the Company Regarding Indemnification.

 

(a)          The
Company agrees to indemnify, hold harmless, reimburse and defend the Subscribers, the Subscribers’ officers, directors, agents,
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.

 

(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 Securities.

 

9.          No
Manipulation of Price and Trading Activities. Each Subscriber agrees that it will not take, directly or indirectly, any action
designed to cause or result in, or that has constituted or might reasonably be expected to constitute, the stabilization or manipulation
of the price of any securities of the Company, including selling the Securities purchased herein or any shares of Common Stock
within thirty (30) days of the one-year anniversary of the Closing Date.

 

    	15

    	 

    

 

10.          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. 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:

 

If to the Company, to:

 

Aviana Corp.

19 Broniewskiego Street

Wlodawa Poland 22200

facsimile: ( ) -

 

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

 

Anslow & Jaclin LLP

Attn: Gregg Jaclin, Esq.

195 Route 9 South, Suite 204

Manalapan, NJ 07726

facsimile: (732) 577-1188

 

If to the Subscribers:

 

To each of the addresses and facsimile numbers listed
on the signature pages of this Agreement

 

(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 both parties. Neither
the Company nor the Subscriber has relied on any representations not contained or referred to in this Agreement and the documents
delivered herewith. 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 signature and delivered by electronic transmission.

 

    	16

    	 

    

 

(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. Any action brought by either party 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
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 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 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. Subject to Section 13(d) hereof, the Company
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.

 

(f)          Damages.
In the event the Subscriber is entitled to receive any liquidated damages pursuant to the Transactions Documents, the Subscriber
may elect to receive the greater of actual damages or such liquidated damages.

 

(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 Subscriber and thus refunded to the Company.

 

    	17

    	 

    

 

(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.

 

(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)          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.

 

(k)          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.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    	18

    	 

    

 

SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT

 

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.

 

AVIANA CORP.

a Nevada corporation

 

 

By:_________________________________

Name:

Title:

 

Dated:

 

 

 

	SUBSCRIBER	PURCHASE PRICE	NUMBER OF SHARES
	
         

         

         

         

         

         

        ________________________________________

        By:

        Title:

         
	 	 

 

    	19THIRD AMENDMENT
TO THE

PERCEPTRON,
INC.

First amended
and restated 2004 stock incentive PLAN

 

Pursuant to the amendment provisions in
Section 10.7 of the Perceptron, Inc. First Amended and Restated 2004 Stock Incentive Plan (“Plan”) and the approval
of the Board of Directors of Perceptron, Inc. (“Company”), the Plan is hereby amended as set forth below:

 

1.Subject to approval of the shareholders
of the Company, Section 1.6 of the Plan (Stock) shall be amended and restated in its entirety to read as follows:

 

1.6 Stock.
The Corporation has reserved 2,100,000 shares of the Corporation’s Common Stock for issuance in conjunction with all
Options and other stock-based awards to be granted under the Plan. All of the 2,100,000 shares of the Corporation’s Common
Stock so reserved may be granted as ISOs. Shares subject to any unexercised portion of a terminated, cancelled or expired Option,
Stock Appreciation Right, Restricted Stock grant, Restricted Stock Unit, or Performance Share Award granted hereunder may again
be subjected to grants and awards under the Plan. In the event that an Option granted under the Plan is exercised by delivering
shares of Common Stock that previously were acquired by exercising Options granted under the Plan, such shares of previously-acquired
Common Stock so delivered to the Corporation may again be subject to grants under the Plan. Shares of Common Stock shall not be
deemed to have been granted pursuant to the Plan (a) with respect to any portion of an Award that is settled in cash or (b) to
the extent such shares are withheld in satisfaction of tax withholding obligations pursuant to Section 10.6. Upon payment in shares
of Common Stock pursuant to the exercise of a Stock Appreciation Right, the number of shares available for grant under the Plan
shall be reduced only by the number of shares actually issued in such payment. All provisions in this Section 1.6 shall
be adjusted, as applicable, in accordance with Article VIII.

 

2.Subject to approval of the shareholders
of the Company, Section 10.7 subsection (a) of the Plan (Termination and Amendment) shall be amended and restated in its entirety
to read as follows:

 

10.7Termination
and Amendment.

 

(a)The Plan shall continue
in effect until the earlier of August 27, 2023, its termination by the Board or the date on which all of the shares of Common Stock
available for issuance under the Plan have been issued and all restrictions on such shares under the terms of the Plan and the
agreements evidencing Awards granted under the Plan have lapsed. The Board may terminate the Plan, the granting of Options, Stock
Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Share Awards or Deferred Stock Units under the Plan,
or purchases of Common Stock pursuant to the Director Stock Purchase Rights, at any time.

 

    	 

    	 

    

 

 

THIS THIRD AMENDMENT is hereby adopted as
of August 27, 2013.

 

 

	 	PERCEPTRON, INC.
	 	 
	 	By:	     /s/ Harry T. Rittenour
	 	 	Harry T. Rittenour, President
and Chief Executive Officer
	BOARD OF DIRECTORS APPROVAL:  8/27/13	 	 
	SHAREHOLDER APPROVAL:  __/__/__

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