Document:

Exhibit 10.1

    

     

    

    Execution Version

     

    CONFIDENTIAL

     

    
      

    

    PURCHASE AND SALE AGREEMENT

     

    by and among

     

    TCFII NXEDGE HOLDINGS LLC,

     

    TCFII NXEDGE LLC

     

    and

     

    ENPRO HOLDINGS, INC.

     

    dated as of

     

    November 4, 2021

     

    

    
      
 

     

    
      
        

    

    
    
      TABLE OF CONTENTS

        

      

    

    	 	 	
            Page

          
	 	 	 

    	
            ARTICLE 1

          	
            PURCHASE AND SALE

          	
            1

          
	 	 	 

    	
            1.01

          	
            Purchase and Sale of the Purchased Interests

          	
            1

          
	
            1.02

          	
            Purchase Price

          	
            1

          
	
            1.03

          	
            Closing

          	
            1

          
	
            1.04

          	
            Closing Payments

          	
            1

          
	
            1.05

          	
            Purchase Price Adjustment

          	
            2

          
	
            1.06

          	
            Withholding Rights

          	
            5

          
	
            1.07

          	
            Purchase Price Allocation

          	
            6

          
	 	 	 

    	
            ARTICLE 2

          	
            CONDITIONS TO CLOSING

          	
            6

          
	 	 	 

    	
            2.01

          	
            Conditions to the Obligations of All Parties

          	
            6

          
	
            2.02

          	
            Conditions to the Obligations of Buyer

          	
            7

          
	
            2.03

          	
            Conditions to the Obligations of Seller

          	
            8

          
	
            2.04

          	
            Waiver of Conditions; Frustration of Conditions

          	
            9

          
	 	 	 

    	
            ARTICLE 3

          	
            REPRESENTATIONS AND WARRANTIES OF SELLER AND THE COMPANY

          	
            9

          
	 	 	 

    	
            3.01

          	
            Organization, Power and Authority

          	
            9

          
	
            3.02

          	
            Capitalization and Related Matters; Organizational Documents.

          	
            9

          
	
            3.03

          	
            Authorization; Consents and Approvals; No Breach.

          	
            10

          
	
            3.04

          	
            Financial Statements and Related Matters.

          	
            11

          
	
            3.05

          	
            Absence of Undisclosed Liabilities

          	
            12

          
	
            3.06

          	
            No Material Adverse Effect

          	
            12

          
	
            3.07

          	
            Absence of Certain Developments.

          	
            12

          
	
            3.08

          	
            Assets.

          	
            14

          
	
            3.09

          	
            Tax Matters.

          	
            14

          
	
            3.10

          	
            Material Contracts.

          	
            17

          
	
            3.11

          	
            Intellectual Property Rights.

          	
            19

          
	
            3.12

          	
            Privacy and Security

          	
            23

          
	
            3.13

          	
            Litigation

          	
            23

          
	
            3.14

          	
            Brokerage

          	
            23

          
	
            3.15

          	
            Insurance

          	
            23

          
	
            3.16

          	
            Labor Matters.

          	
            24

          
	
            3.17

          	
            Employee Benefits.

          	
            25

          
	
            3.18

          	
            Compliance with Laws; Permits.

          	
            27

          
	
            3.19

          	
            Anti-Bribery; Anti-Corruption

          	
            27

          
	
            3.20

          	
            International Trade; Import/Export Control.

          	
            28

          
	
            3.21

          	
            Product Warranties.

          	
            28

          
	
            3.22

          	
            Customers and Suppliers.

          	
            29

          
	
            3.23

          	
            Real Property.

          	
            29

          
	
            3.24

          	
            Environmental.

          	
            31

          
	
            3.25

          	
            Affiliate Transactions and Interests.

          	
            31

          
	
            3.26

          	
            Officers and Managers; Bank Accounts; Powers of Attorney.

          	
            32

          
	
            3.27

          	
            COVID-19 Subsidy

          	
            32

          
	 	 	 

    	
            ARTICLE 4

          	
            REPRESENTATIONS AND WARRANTIES OF SELLER

          	
            32

          
	 	 	 

    	
            4.01

          	
            Organization and Entity Power

          	
            32

          
	
            4.02

          	
            Authorization; Consents and Approvals; No Breach.

          	
            32

          

    

    

    
      - i -

      
        

    

    	
            4.03

          	
            Title to Purchased Interests

          	
            33

          
	
            4.04

          	
            Litigation

          	
            33

          
	
            4.05

          	
            Brokerage

          	
            33

          
	 	 	 

    	
            ARTICLE 5

          	
             REPRESENTATIONS AND WARRANTIES OF BUYER

          	
            34

          
	 	 	 

    	
            5.01

          	
            Organization and Entity Power

          	
            34

          
	
            5.02

          	
            Authorization; No Breach.

          	
            34

          
	
            5.03

          	
            Litigation

          	
            35

          
	
            5.04

          	
            Sufficient Funds.

          	
            35

          
	
            5.05

          	
            Investigation

          	
            37

          
	
            5.06

          	
            Solvency; Fraudulent Conveyance

          	
            37

          
	
            5.07

          	
            Acquisition for Investment

          	
            37

          
	
            5.08

          	
            Brokerage

          	
            37

          
	 	 	 

    	
            ARTICLE 6

          	
            COVENANTS AND AGREEMENTS

          	
            37

          
	 	 	 

    	
            6.01

          	
            Access.

          	
            37

          
	
            6.02

          	
            Conduct of Business.

          	
            38

          
	
            6.03

          	
            Efforts; Further Assurances.

          	
            38

          
	
            6.04

          	
            Regulatory Act Compliance.

          	
            39

          
	
            6.05

          	
            Distribution of Cash and Cash Equivalents.

          	
            40

          
	
            6.06

          	
            Press Releases and Announcements.

          	
            40

          
	
            6.07

          	
            Confidentiality.

          	
            41

          
	
            6.08

          	
            Employee Benefits Matters

          	
            41

          
	
            6.09

          	
            Director and Officer Indemnification and Insurance

          	
            42

          
	
            6.10

          	
            Transfer Taxes

          	
            42

          
	
            6.11

          	
            Exclusivity.

          	
            42

          
	
            6.12

          	
            Expenses.

          	
            43

          
	
            6.13

          	
            Certain Post-Closing Access Provisions

          	
            43

          
	
            6.14

          	
            Code Section 280G

          	
            43

          
	
            6.15

          	
            Consents.

          	
            44

          
	
            6.16

          	
            RWI Policy

          	
            44

          
	
            6.17

          	
            Financing.

          	
            45

          
	
            6.18

          	
            Buyer Parent Filing

          	
            47

          
	
            6.19

          	
            Transaction Tax Deductions, Tax Covenants

          	
            48

          
	
            6.20

          	
            Resignations.

          	
            50

          
	
            6.21

          	
            Release of Property Funds

          	
            50

          
	 	 	 

    	
            ARTICLE 7

          	
            TERMINATION

          	
            50

          
	 	 	 

    	
            7.01

          	
            Termination.

          	
            50

          
	
            7.02

          	
            Effect of Termination.

          	
            51

          
	 	  

          	 

    	
            ARTICLE 8

          	
            DEFINITIONS

          	
            51

          
	 	 	 

    	
            8.01

          	
            Definitions

          	
            51

          
	
            8.02

          	
            Usage

          	
            65

          
	 	 	 

    	
            ARTICLE 9

          	
            MISCELLANEOUS

          	
            66

          
	 	 	 

    	
            9.01

          	
            No Survival; Certain Waivers.

          	
            66

          
	
            9.02

          	
            Amendment and Waiver

          	
            67

          
	
            9.03

          	
            Notices

          	
            67

          

    

    

    
      - ii -

      
        

    

    	
            9.04

          	
            Assignment

          	
            68

          
	
            9.05

          	
            Severability

          	
            69

          
	
            9.06

          	
            No Strict Construction

          	
            69

          
	
            9.07

          	
            Captions

          	
            69

          
	
            9.08

          	
            Complete Agreement

          	
            69

          
	
            9.09

          	
            Company Disclosure Letter

          	
            69

          
	
            9.10

          	
            No Additional Representations; Disclaimer

          	
            70

          
	
            9.11

          	
            Counterparts

          	
            71

          
	
            9.12

          	
            Governing Law

          	
            71

          
	
            9.13

          	
            CONSENT TO JURISDICTION

          	
            71

          
	
            9.14

          	
            WAIVER OF JURY TRIAL

          	
            72

          
	
            9.15

          	
            Prevailing Party

          	
            72

          
	
            9.16

          	
            Third Party Beneficiaries

          	
            73

          
	
            9.17

          	
            Specific Performance

          	
            73

          
	
            9.18

          	
            Time

          	
            73

          
	
            9.19

          	
            Provisions Respecting Representation of the Company

          	
            73

          
	
            9.20

          	
            Debt Financing Party Arrangements.

          	
            74

          
	
            9.21

          	
            Special Indemnity.

          	
            75

          
	
            9.22

          	
            Electronic Delivery

          	
            76

          

    

    

    LIST OF EXHIBITS

    

    

    	
            Exhibit A

          	
            Form of Escrow Agreement

          
	
            Exhibit B

          	
            Form of Membership Interest Power

          
	
            Exhibit C

          	
            Form of Company Closing Certificate

          
	
            Exhibit D

          	
            Form of Buyer Closing Certificate

          
	
            Exhibit E

          	
            Agreed Accounting Principles

          
	
            Exhibit F

          	
            Illustrative Closing Statement and Calculation of Net Working Capital, Indebtedness and Cash

          

    

    

    
      - iii -

      
        

    

    
    PURCHASE AND SALE AGREEMENT

     

    THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered
      into as of November 4, 2021, by and among TCFII NxEdge Holdings LLC, a Delaware limited liability company (“Seller”), TCFII NxEdge LLC, a Delaware limited liability company
      (the “Company”), and EnPro Holdings, Inc., a North Carolina corporation (“Buyer”). Capitalized
      terms used and not otherwise defined herein have the meanings set forth in Article 8.

     

    WHEREAS, as of the date hereof, Seller owns all of the issued and outstanding membership interests of the Company (the “Company Interests”);

     

    WHEREAS, Buyer desires to purchase from Seller, and Seller desires to sell to Buyer, all of the Company Interests held by Seller as of the Closing
      (the “Purchased Interests”) for the consideration described herein and otherwise on the terms and subject to the conditions contained herein; and

     

    NOW, THEREFORE, in consideration of the premises and the mutual representations, warranties and covenants contained herein, and intending to be
      legally bound, the parties hereto hereby agree as follows:

     

    ARTICLE 1

      PURCHASE AND SALE

     

    1.01       Purchase and Sale of the Purchased Interests. On the terms and subject to the conditions set forth
        in this Agreement, at the Closing, Buyer shall purchase and acquire from Seller, and Seller shall sell, transfer, convey and deliver to Buyer, all of the Purchased Interests, free and clear of all Liens (other than Liens arising under the
        Securities Act and applicable state securities laws) or (ii) created or incurred by or at the direction of Buyer).

     

    1.02        Purchase Price. The aggregate purchase price for the Purchased Interests (the “Purchase Price”) shall be an amount equal to: (i) the Base Purchase Price, plus (ii) the Closing Cash-on-Hand, minus
        (iii) Closing Indebtedness, plus (iv) the amount (if any) by which the Closing Net Working Capital exceeds the Targeted Net Working Capital, minus (v) the amount (if any) by which the Targeted Net Working Capital exceeds the Closing
        Net Working Capital, minus (vi) the Company Expenses.

     

    1.03        Closing. On the terms and subject to the conditions set forth in this Agreement, the closing of the purchase and sale of
          the Purchased Interests and the other transactions contemplated by this Agreement (the “Closing”) shall take place (a) by telephone conference and electronic exchange of documents at 10:00 a.m. Eastern Time, on the second (2nd) Business Day following the satisfaction or (to the extent permitted by applicable Law) waiver of
          the conditions set forth in Article 2 (other than those conditions that by their nature or terms are to be satisfied at the Closing, provided that such conditions are satisfied or (to the extent permitted by applicable Law) waived
          at the Closing); provided, further, that in no event shall the Closing occur prior to forty-five (45) days after the date of this Agreement without the prior written consent of Buyer or (b) at such other place, time or date as Buyer and
          Seller may mutually agree in writing. The date on which the Closing shall occur is referred to herein as the “Closing Date.”

     

    1.04        Closing Payments. At the Closing:

     

    (a)          Buyer shall deliver or cause to be delivered to Seller an aggregate amount in cash equal to the Estimated Purchase Price (less the Adjustment Escrow Deposit Amount), by wire transfer of immediately available funds to the account
        or accounts designated in writing by Seller at least two (2) Business Days prior to the Closing Date.

     

    
      - 1 -

      
        

    

    (b)         Buyer shall deliver or cause to be delivered, by wire transfer of immediately available funds an aggregate amount equal to the Adjustment Escrow Deposit Amount to the Escrow Agent for deposit into a separate escrow account (the
        “Adjustment Escrow Account”) established pursuant to the terms of an escrow agreement, substantially in the form of Exhibit A attached hereto (the “Escrow Agreement”), by and among Buyer, Seller and the Escrow Agent.

     

    (c)         Buyer shall deliver or cause to be delivered, to the intended beneficiaries thereof (as identified in the Payoff Letters, if applicable, or as otherwise
        identified in writing by Seller to Buyer at least two (2) Business Days prior to Closing), by wire transfer of immediately available funds to the account designated in writing by Seller at least two (2) Business Days
        prior to Closing, (i) amounts due and owing pursuant to the Credit Facility (as set forth in the applicable Payoff Letter), (ii) the Company Expenses set forth in final invoices with respect thereto delivered to Buyer at least two (2) Business Days
        prior to Closing and (iii) any Liabilities included in the computation of Estimated Closing Indebtedness which by their terms or pursuant to this Agreement are required to be paid at the Closing; provided, that any such Company Expenses or such other Liabilities that constitute compensatory payments to employees or other individual service providers of the Company
        Entities shall be paid by Buyer to the applicable Company Entity for further distribution to such employees or other individual service providers through the payroll systems of such Company Entity.

     

    1.05        Purchase Price Adjustment.

     

    (a)         At least three (3) Business Days, but no more than five (5) Business Days, prior to the Closing, the Company shall prepare in good faith and deliver to Buyer (i) an estimated consolidated balance sheet of the Company Entities as
        of the Adjustment Calculation Time (the “Estimated Closing Balance Sheet”), and (ii) a statement (the “Estimated
            Closing Statement”) setting forth the Company’s good faith estimates of the Closing Cash-on-Hand (the “Estimated Closing Cash-on-Hand”), the Closing
        Indebtedness (the “Estimated Closing Indebtedness”), the Closing Net Working Capital (the “Estimated
            Closing Net Working Capital”), the Company Expenses (the “Estimated Company Expenses”), and the Purchase Price resulting therefrom (the “Estimated Purchase Price”), in each case, with reasonable supporting detail to evidence the calculations of such amounts. An illustrative example of the Estimated Closing
        Statement as of the Latest Balance Sheet Date, is set forth on Exhibit F attached hereto. The Estimated Closing Balance Sheet, the Estimated Closing Cash-on-Hand, the
        Estimated Closing Indebtedness, the Estimated Closing Net Working Capital and the Estimated Company Expenses shall each be calculated in accordance with the Agreed Accounting Principles and the applicable definitions contained in this Agreement.
        From and after delivery of the Estimated Closing Balance Sheet and the Estimated Closing Statement until the Closing, the Company shall (x) provide Buyer and its representatives with reasonable access at all reasonable times during normal business
        hours and upon reasonable prior notice to the books and records of the Company Entities and to the senior management personnel of the Company Entities familiar with the Estimated Closing Balance Sheet, Estimated Closing Statement or the Agreed
        Accounting Principles, in each case to the extent reasonably requested by Buyer or any of its representatives in connection with their review of the Estimated Closing Balance Sheet and the Estimated Closing Statement, provided, that such access or
        related activities may be limited to the extent necessary due to COVID-19 or COVID-19 Measures (but Seller and the Company shall make reasonable accommodations, including granting remote access, to the extent in-person access is materially limited
        due to COVID-19 Measures), and (y) cooperate with Buyer and its representatives in connection with their review of the Estimated Closing Balance Sheet and the Estimated Closing Statement. The Company shall consider in good faith any comments to the
        Estimated Closing Balance Sheet and Estimated Closing Statement proposed by Buyer.

     

    
      - 2 -

      
        

    

    (b)         Within ninety
        (90) days following the Closing Date, Buyer shall prepare and deliver to Seller (i) an unaudited consolidated balance sheet of the Company Entities as of the Adjustment Calculation Time (the “Closing Balance Sheet”), and (ii) a statement (the “Closing Statement”) setting forth Buyer’s calculation in reasonable detail of the Closing
        Cash-on-Hand, the Closing Indebtedness, the Closing Net Working Capital and the Company Expenses and the Purchase Price resulting therefrom. The Closing Balance Sheet, the Closing Cash-on-Hand, the Closing Indebtedness, the Closing Net Working
        Capital, and the Company Expenses shall each be calculated in accordance with the Agreed Accounting Principles and in a manner consistent with Exhibit F and with the
        applicable definitions contained in this Agreement. During the thirty (30) days immediately following Seller’s receipt of the Closing Balance Sheet and the Closing Statement, Buyer shall, and shall cause the Company
        Entities to, (x) provide Seller and its representatives with reasonable access at all reasonable times during normal business hours and upon reasonable prior notice to the books and records of the Company Entities and
        to the senior management personnel of the Company Entities involved in the preparation of the Estimated Closing Balance Sheet, Estimated Closing Statement, Closing Balance Sheet, Closing Statement or the Agreed Accounting Principles, and (y) use
        commercially reasonable efforts, which shall not be construed to include or require the payment of any amount of money to any Person, to provide Seller and its representatives with reasonable access to any former employees of the Company Entities
        who were involved in the preparation of such documents, in each case to the extent reasonably requested by Seller or any of its representatives in connection with their review of the Closing Balance Sheet and the Closing Statement, provided, that such access or related activities may be limited to the extent necessary due to COVID-19 or COVID-19 Measures (but Buyer shall make reasonable accommodations,
        including granting remote access, to the extent in-person access is materially limited due to COVID-19 Measures), and (z) cooperate with Seller and its representatives in connection with their review of the Closing
        Balance Sheet and the Closing Statement.

     

    (c)         The Closing Balance Sheet, the Closing Statement and the Closing Cash-on-Hand, Closing Indebtedness, Closing Net Working Capital, Company Expenses and Purchase Price set forth thereon shall become final and binding upon the
        parties thirty (30) days following Seller’s receipt thereof unless Seller gives written notice of its disagreement (a “Notice of Disagreement”) to Buyer on or prior to
        such date; provided, that (i) the Closing Balance Sheet, the Closing Statement and the Closing Cash-on-Hand, Closing Indebtedness, Closing Net Working Capital, Company Expenses and Purchase Price set forth thereon shall
        become final and binding upon the parties upon Seller’s delivery, prior to the expiration of such thirty (30)-day period, of written notice to Buyer of its acceptance of the Closing Balance Sheet, the Closing Statement and the Closing Cash-on-Hand,
        Closing Indebtedness, Closing Net Working Capital, Company Expenses and Purchase Price set forth thereon, (ii) except to the extent addressed by a duly delivered Notice of Disagreement prior to the expiration of such thirty (30)-day period, the
        Closing Balance Sheet, the Closing Statement and the Closing Cash-on-Hand, Closing Indebtedness, Closing Net Working Capital, Company Expenses and Purchase Price set forth thereon, shall become final and binding upon the parties upon Seller’s
        delivery of a Notice of Disagreement, and (iii) a Notice of Disagreement may only include disagreements based on (A) the failure of the Closing Cash-on-Hand, Closing Indebtedness, Closing Net Working Capital and Company
        Expenses, in each case as reflected on the Closing Statement, to be calculated in accordance with the Agreed Accounting Principles and in a manner consistent with the applicable definitions contained in this Agreement and/or (B) mathematical errors in the computation of the Closing Cash-on-Hand, Closing Indebtedness, Closing Net Working Capital, Company Expenses or the Purchase Price. Any Notice of Disagreement shall specify in reasonable
        detail the nature and amount of any disagreement so asserted.

     

    
      - 3 -

      
        

    

    (d)          If a timely Notice of Disagreement is delivered by Seller to Buyer in accordance with Section 1.05(c), then the Closing Balance Sheet and the Closing Statement (as revised in accordance with this Section 1.05(d)), and the Closing Cash-on-Hand, Closing Indebtedness, Closing Net Working Capital, Company Expenses and Purchase Price set forth thereon shall become final and binding upon the parties on the earlier of (x) the date all matters specified in the Notice of Disagreement are finally resolved in writing by Seller and Buyer and (y) the date all matters specified in the Notice of Disagreement not
        resolved by written agreement of Seller and Buyer are finally resolved in writing by a nationally recognized accounting firm (other than a so-called “Big Four” accounting firm) mutually selected by Seller and
        Buyer (such firm, the “Arbiter”). The Closing Balance Sheet and the Closing Statement shall be revised to the extent necessary to reflect any resolution by Seller and
        Buyer and/or any final resolution made by the Arbiter in accordance with this Section 1.05(d). During the thirty (30) days immediately
        following the delivery of a Notice of Disagreement in accordance with Section 1.05(c) or such longer period as Seller and Buyer may agree in
        writing, Seller and Buyer shall seek in good faith to resolve in writing any differences which they may have with respect to the matters specified in the Notice of Disagreement, and all such discussions related thereto shall (unless otherwise
        agreed by Buyer and Seller) be governed by Rule 408 of the Federal Rules of Evidence (as in effect as of the date of this Agreement). At the end of such thirty (30)-day period or such agreed-upon longer period, Seller
        and Buyer shall submit to the Arbiter for, acting as an expert and not an arbitrator, review and resolution any and all matters (but only such matters) identified in the Notice of Disagreement which remain in dispute. Buyer and Seller shall
        instruct the Arbiter to, and the Arbiter shall, make a final determination of such disputed items in accordance with the guidelines and procedures set forth in this Agreement. Buyer and Seller will reasonably cooperate with the Arbiter during the
        term of its engagement. Buyer and Seller shall instruct the Arbiter not to, and the Arbiter shall not, assign a value to any item in dispute greater than the greatest value for such item assigned by Buyer, on the one hand, or Seller, on the other
        hand, or less than the smallest value for such item assigned by Buyer, on the one hand, or Seller, on the other hand. Buyer and Seller shall also instruct the Arbiter to, and the Arbiter shall, make its determination based solely on presentations
        by Buyer and Seller that are in accordance with the guidelines and procedures set forth in this Agreement and not on the basis of an independent review. The Closing Balance Sheet, the Closing Statement and the Closing Cash-on-Hand, Closing
        Indebtedness, Closing Net Working Capital, Company Expenses and Purchase Price set forth thereon shall become final and binding on the parties hereto on the date the Arbiter delivers its final resolution in writing, along with its analysis setting
        forth, in reasonable detail, the basis for such final resolution, to Buyer and Seller (which final resolution shall be requested by the parties to be delivered not more than thirty (30) days following submission of such disputed matters), and such
        resolution by the Arbiter shall not be subject to court review or otherwise appealable, absent manifest error or manifest failure by the Arbiter to adhere to the requirements of this Agreement. Seller shall pay a portion of the fees and expenses of
        the Arbiter equal to the percentage by which the portion of the disputed amounts in Seller’s submission to the Arbiter not awarded to Seller bears to the aggregate amount actually disputed by Seller in Seller’s submission to the Arbiter, and Buyer
        shall pay the remaining portion of such fees and expenses.

     

    (e)          If the Estimated Purchase Price is less than or equal to the Purchase Price (such shortfall, if any, the “Adjustment Amount”), then within two (2)
        Business Days after the Closing Balance Sheet, the Closing Statement and the Closing Cash-on-Hand, Closing Indebtedness, Closing Net Working Capital, Company Expenses and the Purchase Price set forth thereon become final and binding on the parties
        pursuant to this Section 1.05, (i) Buyer shall make payment of the Adjustment Amount (if any), by wire transfer in immediately available funds (or other alternative
        delivery arrangement mutually agreed by Seller and Buyer in writing) to, or as directed by, Seller, and (ii) Buyer and Seller shall deliver joint written instructions to the Escrow Agent to cause the Escrow Agent to make payment from the Adjustment
        Escrow Account within two (2) Business

     

    
      - 4 -

      
        

    

    Days after receipt of such instructions to, or as directed by, Seller of the amount equal to (i) the Adjustment Escrow Funds minus (ii) in the event the Indemnified Claim has not been resolved in accordance with Section 9.21, the Reserve
      Amount.

     

    (f)          If the Estimated Purchase Price is greater than the Purchase Price (such excess, the “Excess Amount”), then Buyer
        and Seller shall, within two (2) Business Days after the Closing Balance Sheet, the Closing Statement and the Closing Cash-on-Hand, Closing Indebtedness, Closing Net Working Capital, Company Expenses and the Purchase Price set forth thereon become
        final and binding on the parties pursuant to this Section 1.05, deliver joint written instructions to the Escrow Agent to cause the Escrow Agent to make payment, within
        two (2) Business Days after receipt of such instructions, to Buyer, by wire transfer in immediately available funds of the Excess Amount from the Adjustment Escrow Funds in the Adjustment Escrow Account.  If the Excess Amount is less than the
        difference between (i) the Adjustment Escrow Funds minus (ii) in the event the Indemnified Claim has not been resolved in accordance with Section 9.21, the Reserve Amount (such shortfall, the “Available Adjustment Escrow Funds”), then Buyer and Seller shall,
        simultaneously with the delivery of the joint written instructions referred to in the immediately preceding sentence, deliver joint written instructions to the Escrow Agent to cause the Escrow Agent to pay the Available Adjustment Escrow Funds from
        the Adjustment Escrow Account to, or as directed by, Seller.

     

    (g)          Buyer agrees
        that (i) the purpose of the adjustments provided for in this Section 1.05 is to measure the difference between estimated and actual levels of Closing Cash on Hand,
        Closing Indebtedness, Closing Net Working Capital and Company Expenses, in each case calculated in accordance with the Agreed Accounting Principles and in a manner consistent with the applicable definitions contained in this Agreement, (ii) the
        payment of the Excess Amount (if any) from the Adjustment Escrow Funds in the Adjustment Escrow Account (up to an amount equal to the Adjustment Escrow Funds) in accordance with the Escrow Agreement shall be the sole and exclusive remedy and source
        of recovery for Buyer for payment of the Excess Amount (if any), and (iii) the adjustments and dispute resolution provisions provided for in this Section 1.05 shall be
        exclusive remedies for the matters addressed by this Section 1.05 (other than any action for specific performance of any covenant provided for in this Section 1.05).  For the avoidance of doubt, neither Seller nor any of its Non-Recourse Parties shall have any liability for any amount due pursuant to this Section 1.05 except to the extent of funds available in the Adjustment Escrow Account (even if the Excess Amount exceeds the Adjustment Escrow Funds in the Adjustment Escrow
        Account) and no claim by Buyer for payment of any amount due pursuant to this Section 1.05 shall be asserted against Seller or any of its Non-Recourse Parties.  Buyer
        agrees that following the Closing it will not, and it will cause the Company Entities not to, take any actions with respect to the accounting books, records, principles, policies, treatments, categorizations, practices, methods, bases and estimates
        of the Company Entities that would reasonably be expected to obstruct or prevent the preparation of the Closing Balance Sheet or the Closing Statement as provided in this Section
            1.05.

     

    (h)          Any payment
        made pursuant to this Section 1.05 shall be treated as an adjustment to the Purchase Price for Tax purposes unless otherwise required by applicable Law.

     

    1.06        Withholding Rights. Notwithstanding anything in this Agreement to the contrary, Buyer, Seller and the Escrow Agent shall each be entitled to deduct and withhold from the Purchase
          Price or any other payments required to be made hereunder or under the Escrow Agreement such amounts as Buyer, Seller or the Escrow Agent, as applicable, is required to deduct and withhold with respect to the making of such payment under the Code
          or any applicable provision of state, local or non-U.S. Tax law. To the extent that amounts are so deducted or withheld and duly and
          timely remitted to the appropriate Governmental

     

    
      - 5 -

      
        

    

    Entities by Buyer, Seller or the Escrow Agent, as applicable, such deducted or withheld amounts shall be treated for all purposes of this Agreement as having been paid
      to the Person in respect of which such deduction and withholding was made. Other than with respect to payments in the nature of compensation subject to payroll Taxes or attributable to the failure of Seller to deliver the certifications described in
      Section 2.02(d)(v) and Section 2.02(d)(vi), Buyer or the Escrow Agent, as applicable, shall use commercially reasonable efforts to give Seller at least five (5) Business Days’ prior written notification of its intention to make any
      such deduction or withholding and shall cooperate with Seller to mitigate, reduce or eliminate any such deduction or withholding. To the extent Buyer or the Escrow Agent deducts or withholds any amount from Seller that it was not required to deduct
      or withhold, it shall promptly following demand therefor, but in any event within two (2) Business Days after such demand, remit to Seller the amount wrongly withheld.

     

    1.07          Purchase Price Allocation. The parties hereto acknowledge that the sale of the Purchased Interests pursuant to this Agreement will be treated for U.S. income tax purposes as a purchase by Buyer of 100% of the assets
        of the Company. Within ninety (90) days following the finalization of the Purchase Price under Section 1.05, Buyer shall provide Seller with a draft allocation of the Purchase Price (as finally determined pursuant to Section 1.05)
        and the Liabilities of the Company Entities among the assets of the Company Entities, as appropriate, in accordance with Code Section 1060 and Treasury regulations thereunder (and any similar provision of state, local or non-U.S. law, as
        appropriate) and the allocation methodology (the “Allocation Methodology”) set forth on Schedule 1.07 (the “Draft Allocation”). For a period of 30 days following the delivery of the Draft Allocation, Buyer and Seller agree to
        attempt to resolve any disputes with respect to such Draft Allocation in good faith. If Buyer and Seller are unable to resolve such disputes within such 30-day period, such unresolved disputes will be submitted to the Arbiter for final
        determination in a manner consistent with Section 1.05 (and any fees shall be borne by the parties as described in Section 1.05(d)); provided, that notwithstanding anything to the contrary in this Agreement, the Arbiter
        shall be bound by, and shall resolve any such disputes in accordance with, the Allocation Methodology. The allocation as finally agreed by Buyer and Seller or as so resolved by the Arbiter (the “Final Allocation”) shall be binding for purposes of
        this Agreement. The Seller, Company Entities and Buyer and their Affiliates shall report, act, and file Tax Returns (including, but not limited to Internal Revenue Service Form 8594) in all respects and for all purposes consistent with such the
        Final Allocation. No Company Entity nor Seller or Buyer shall take any position (whether in audits, tax returns, or otherwise) that is inconsistent with such Final Allocation unless required to do so by applicable Law.

     

    ARTICLE 2

      CONDITIONS TO CLOSING

     

    2.01        Conditions to the Obligations of All Parties. The obligation of each of Buyer and Seller to
        consummate the purchase and sale of the Purchased Interests and the other transactions contemplated by this Agreement to be consummated at the Closing is subject to the satisfaction, or waiver (to the extent permitted by applicable Law) by Buyer
        and Seller, of each of the following conditions at or prior to the Closing:

     

    (a)          All applicable waiting periods under the HSR Act shall have expired or been terminated (the “HSR Approval”);

     

    (b)        No Order of any Governmental Entity of competent jurisdiction shall be in effect that restrains, prohibits or makes illegal the consummation of the purchase and sale of the Purchased Interests or any of the other transactions
        contemplated by this Agreement; and

     

    
      - 6 -

      
        

    

    (c)          No applicable
        Law shall have been enacted, promulgated or enforced by any Governmental Entity that restrains, prohibits or makes illegal the consummation of the purchase and sale of the Purchased Interests or any of the other transactions contemplated by this
        Agreement.

     

    2.02        Conditions to the Obligations of Buyer. The obligation of Buyer to consummate the purchase and sale of
        the Purchased Interests and the other transactions contemplated by this Agreement to be consummated at the Closing is subject to the satisfaction, or waiver (to the extent permitted by applicable Law) by Buyer, of each of the following additional
        conditions at or prior to the Closing:

     

    (a)          (i) The Company and Seller Fundamental Representations (other than the representations of the Company set forth in Section
            3.09) (each interpreted without giving effect to any limitation or qualification as to materiality or Material Adverse Effect) shall be true and correct in all respects, except for any de minimis inaccuracies, as of the Closing Date as if made anew as of such date (except to the extent any such representation or warranty expressly relates to an earlier date (in which case as of such
        earlier date)), (ii) the representation and warranty of the Seller and the Company in Section 3.06 shall be true and correct in all respects, and (iii) each of the other
        representations and warranties of the Seller Parties contained in Article 3 and Article
            4, respectively (each interpreted without giving effect to any limitation or qualification as to materiality or Material Adverse Effect), shall be true and correct in all respects as of the Closing Date as if made anew as of such
        date (except to the extent any such representation or warranty expressly relates to an earlier date (in which case as of such earlier date)), except in the case of this clause (iii)
        for any failure of such representations or warranties to be so true and correct as had not had and would not reasonably be expected to have, individually or in the aggregate with all such other failures, a Material Adverse Effect;

     

    (b)          Neither the Company nor Seller shall be in material breach of any covenant or agreement contained in this Agreement that the Company or Seller was required to perform prior to the Closing;

     

    (c)          A Material Adverse Effect shall not have occurred after the date of this Agreement;

     

    (d)          Seller or the Company shall have delivered to Buyer each of the following (which if delivered prior to the Closing shall be in full force and effect as of the Closing):

     

    (i)          a membership interests power or similar instrument of assignment and conveyance in the form of Exhibit B attached hereto, evidencing the transfer of
        the Purchased Interests from Seller to Buyer duly executed on behalf of Seller;

     

    (ii)          a
        certificate in the form of Exhibit C attached hereto dated as of the Closing Date and signed by a senior executive officer of each of the Company and the Seller (solely
        with respect to itself), confirming the foregoing matters in Section 2.02(a), Section 2.02(b) and Section 2.02(c);

     

    (iii)          a copy of the Escrow Agreement, duly executed on behalf of Seller and the Escrow Agent;

     

    (iv)          certified copies of (1) the Organizational Documents of the Company, (2) the resolutions or consents of the managing member of the Company authorizing and approving the execution, delivery and performance of this Agreement and
        each of the Ancillary Agreements to which the Company is party and the consummation of the transactions contemplated hereby and thereby, and (3) the resolutions or consents of the board of managers of Seller authorizing and approving the execution,
        delivery and

     

    
      - 7 -

      
        

    

    performance of this Agreement and each of the Ancillary Agreements to which Seller is party and the consummation of the transactions contemplated
      hereby and thereby, and a good standing (or similar) certificate for each of the Company and the Seller, dated as of a recent date, from its state of organization;

     

    (v)          a certificate, dated as of the Closing Date and sworn under penalty of perjury, in the form of Treasury Regulations Sections 1.897‐2(h) and 1.1445‐2(c), certifying that NxEdge, Inc. is not a United States real property holding
        corporation and a notice to be mailed (together with a copy of the certificate) to the Internal Revenue Service in accordance with Section 1.897-2(h)(2) of the Treasury Regulations; provided
        that the only remedy for failure to deliver such certificate shall be for Buyer to withhold the Taxes required by Law to be withheld;

     

    (vi)         a certificate, dated as of the Closing Date and sworn under penalty of perjury, in the form of Treasury Regulation Section 1.1446(f)-2 and as required by Code Section 1446(f) certifying that Seller is not a foreign person (or
        alternatively, a duly executed IRS Form W‐9 from Seller); provided that the only remedy for failure to deliver such certificate shall be for Buyer to withhold the Taxes
        required by Law to be withheld;

     

    (vii)        a termination, in each case in form and substance reasonably satisfactory to Buyer, of all arrangements or contracts between a Company Entity and any of its Affiliates (other than another
        Company Entity) set forth on Schedule 2.02(d)(vii); and

     

    (viii)      copies of
        Payoff Letters for the Credit Facility, duly executed on behalf of the applicable lender, secured party or administrative agent, and any necessary UCC authorizations or other releases (including releases of deeds of trust) as may be required to
        evidence the satisfaction of or release from such Indebtedness, including the Required Lien Releases.

     

    2.03        Conditions to the Obligations of Seller. The obligation of Seller to consummate the purchase and sale of the Purchased Interests
        and the other transactions contemplated by this Agreement is subject to the satisfaction, or waiver (to the extent permitted by applicable Law) by Seller, of each of the following additional conditions at or prior to the Closing:

     

    (a)          (i) The Buyer Fundamental Representations (each interpreted without giving effect to any limitation or qualification as to materiality or material adverse effect or other terms of similar import or effect) shall be true and
        correct in all respects, except for any de minimis inaccuracies, as of the Closing Date as if made anew as of such date (except to the extent any such
        representation or warranty expressly relates to an earlier date (in which case as of such earlier date)) and (ii) the other representations and warranties of Buyer contained in Article
            5 (each interpreted without giving effect to any limitation or qualification as to materiality or material adverse effect or other terms of similar import or effect) shall be true and correct in all respects as of the Closing Date as
        if made anew as of such date (except to the extent any such representation or warranty expressly relates to an earlier date (in which case as of such earlier date)), except in the case of this clause (ii) for any failure of such representations or warranties to be so true and correct as had not had and would not reasonably be expected to have, individually or in the aggregate with all such other failures, a
        material adverse effect on Buyer’s ability to consummate the purchase and sale of the Purchased Interests or any of the other transactions contemplated by this Agreement;

     

    (b)          Buyer shall not be in material breach of any covenant or agreement contained in this Agreement that the Buyer was required to perform prior to the Closing;

     

    
      - 8 -

      
        

    

    (c)          Buyer shall have delivered to the Seller Parties each of the following (which if delivered prior to the Closing shall be in full force and effect as of the Closing):

     

    (i)           a certificate in the form of Exhibit D attached hereto dated as of the Closing Date and signed by a senior officer of Buyer on behalf of Buyer
        confirming the foregoing matters in Section 2.03(a) and Section 2.03(b);

     

    (ii)          a copy of the Escrow Agreement, duly executed on behalf of Buyer; and

     

    (iii)        certified copies of (A) the Organizational Documents of Buyer, and (B) the resolutions or consents of the board of directors (or equivalent governing body) of Buyer
        authorizing and approving the execution, delivery and performance of this Agreement and each of the Ancillary Agreements to which Buyer is party and the consummation of the transactions contemplated hereby and thereby.

     

    2.04          Waiver of Conditions; Frustration of Conditions. All conditions to the Closing shall be deemed to have been satisfied or waived from and after the Closing. None of Seller, the Company or Buyer may rely on the
        failure of any condition set forth in this Article 2, as applicable, to be satisfied if such failure was caused by the breach by such Person of any of its representations, warranties, covenants or agreements contained in this Agreement or
        by such Person’s failure to use, as required by this Agreement, its commercially reasonable efforts to consummate the purchase and sale of the Purchased Interests and the other transactions contemplated by this Agreement.

     

    ARTICLE 3

      REPRESENTATIONS AND WARRANTIES OF SELLER AND THE COMPANY

     

    Except as set forth in the applicable section of the Company Disclosure Letter, Seller and the Company hereby represent and warrant to Buyer as of the
      date hereof and as of the Closing (except to the extent any such representation or warranty expressly relates to an earlier date (in which case as of such earlier date)) as follows:

     

    3.01        Organization, Power and Authority. The Company is duly organized, validly existing and in good standing under the
        laws of its jurisdiction of organization. The Company is qualified to do business in every jurisdiction in which the ownership of its properties or the conduct of its business requires it to be so qualified, except in such jurisdictions where the
        failure to be so qualified, individually or in the aggregate, has not had and would not reasonably be expected to have a Material Adverse Effect. The Company possesses all requisite limited liability company power and authority to own and operate
        its properties, to carry on its business as now conducted and presently proposed to be conducted and to enter into and carry out the transactions contemplated by this Agreement and each of the Ancillary Agreements to which the Company is a party.

     

    3.02        Capitalization and Related Matters; Organizational Documents.

     

    (a)          Section 3.02(a) of the Company Disclosure Letter sets forth the entire authorized, issued and outstanding Equity Securities of the Company. All of the
        outstanding Company Interests are duly authorized, validly issued and fully paid and have not been issued in violation of applicable securities Law and the Organizational Documents of the Company. All of the outstanding Equity Securities of the
        Company are held of record and beneficially as set forth on Section 3.02(a) of the Company Disclosure Letter, free and clear of all Liens (other than Liens (i) arising
        under the Securities Act or applicable state and comparable foreign securities Laws, (ii) arising under the Organizational Documents of the Company, (iii) arising under the Credit Facility and (iv) created or incurred by or at the direction of
        Buyer).

     

    
      - 9 -

      
        

    

    (b)         Except as set forth on Section 3.02(b) of the Company Disclosure Letter, (i) none of the Company Entities are, and immediately following the Closing
        none of the Company Entities shall be, subject to any obligation (contingent or otherwise) to repurchase, redeem or otherwise acquire or retire any Equity Securities; (ii) there are no, and immediately following the Closing there shall not be any,
        (A) options or other rights to acquire any Equity Securities of any Company Entity, (B) outstanding equity appreciation rights, profit participation or similar rights with respect to the Equity Securities of any Company Entity, or (C) statutory or
        contractual preemptive rights, co-sale rights, rights of first refusal or similar rights or restrictions with respect to the Equity Securities of any Company Entity, and (iii) except as set forth in the Organizational Documents of the Company
        Entities, to the Company’s Knowledge, there are no agreements or understandings among the holders of Equity Securities of any Company Entity or among any other Persons with respect to the voting or transfer of the Equity Securities of any Company
        Entity or with respect to any other aspect of the governance of any Company Entity.

     

    (c)         Section 3.02(c) of the Company Disclosure Letter sets forth the name of each Subsidiary of the Company, the jurisdiction of its incorporation or other
        organization, as applicable, and the Person(s) owning the outstanding Equity Securities of such Subsidiary. Except as set forth on Section 3.02(c) of the Company Disclosure Letter,
        the Company does not have any Subsidiaries and does not hold any Investment in any Person. No Company Entity has any obligation to make any Investment (whether by loan, capital contribution, purchase of securities or otherwise, and including any
        additional Investments) in any Person other than a Company Entity. Each of the Company’s Subsidiaries is duly organized, validly existing and (where applicable) in good standing under the laws of the jurisdiction of its incorporation or other
        organization, as applicable, possesses all requisite power and authority and all necessary Permits to own and operate its properties, to carry on its businesses as now being conducted and is qualified to do business in every jurisdiction in which
        the ownership of its properties or the conduct of its business requires it to be so qualified, except in such jurisdictions where the failure to be so qualified, individually or in the aggregate, would not reasonably be expected to have a Material
        Adverse Effect. All of the outstanding Equity Securities of each of the Company’s Subsidiaries are, and immediately following the Closing shall be, duly authorized, validly issued, fully paid and non-assessable (to the extent such concepts are
        applicable), and have not been issued in violation of applicable securities Law and the applicable Subsidiary’s Organizational Documents. All such Equity Securities are owned by the Company or another Subsidiary of the Company, free and clear of
        all Liens (other than Liens (i) arising under the Securities Act or applicable state and comparable foreign securities Laws, (ii) arising under the Organizational Documents of the Subsidiaries of the Company, and (iii) arising under the Credit
        Facility and (iv) created or incurred by or at the direction of Buyer).

     

    (d)          The Company
        has made available to Buyer true, correct and complete copies of the Organizational Documents of each Company Entity, and no amendment to any such Organizational Document is pending.

     

    3.03        Authorization; Consents and Approvals; No Breach.

     

    (a)         The execution, delivery and performance of this Agreement and each Ancillary Agreement to which the Company is a party and the consummation of the transactions contemplated hereby and thereby have been duly authorized by the
        Company. This Agreement has been, and at the Closing each Ancillary Agreement to which the Company is party shall be, duly executed and delivered by the Company. Assuming the due authorization, execution and delivery of this Agreement by each other
        party hereto, this Agreement constitutes a valid and binding obligation of the Company enforceable in accordance with its terms, except as limited by the application of bankruptcy, moratorium and other laws affecting creditors’ rights generally and
        as

     

    
      - 10 -

      
        

    

    limited by the availability of specific performance and the application of equitable principles. Assuming the due authorization, execution and
      delivery of this Agreement by each other party hereto, each Ancillary Agreement to which the Company is party, when executed and delivered by the Company, shall constitute a valid and binding obligation of the Company, enforceable in accordance with
      its terms, except as limited by the application of bankruptcy, moratorium and other laws affecting creditors’ rights generally and as limited by the availability of specific performance and the application of equitable principles.

     

    (b)         Except for the HSR Approval, the Company is not required to give any notice to, make any filing with, or obtain any authorization, consent, or approval of any Governmental Entity in connection with the execution, delivery and
        performance by the Company of this Agreement or any of the Ancillary Agreements to which it is a party or the consummation of the transactions contemplated hereby and thereby.

     

    (c)          (x) Assuming the receipt of the HSR Approval and (y) except as set forth on Section 3.02(c) of the Company Disclosure Letter, the execution, delivery
        and performance of this Agreement and each Ancillary Agreement to which the Company is a party, the consummation of the transactions contemplated hereby and thereby and the fulfillment of and compliance with the respective terms hereof and thereof
        by the Company do not and shall not (i) conflict with or result in a material breach or violation of, (ii) constitute a default under (whether with or without the passage of time, the giving of notice or both), (iii) result in the creation of any
        Lien upon, or the grant, assignment or transfer to any other Person of any license or other right or interest under, to or in, any Equity Securities of any Company Entity or any of the Company Entities’ material assets pursuant to, or (iv) give any
        third party the right to modify, terminate or accelerate, or cause or result in any modification, termination or acceleration of, any obligation, or cause or result in any disclosure, license or making available of any material Trade Secrets of any
        Company Entity pursuant to, the Organizational Documents of any of the Company Entities or any Material Contract to which a Company Entity is party or bound.

     

    3.04        Financial Statements and Related Matters.

     

    (a)          Section 3.04(a) of the Company Disclosure Letter sets forth true, correct and complete copies of the following financial statements (collectively, the
        “Financial Statements”):

     

    (i)           the audited
        balance sheet of AceCo Precision Manufacturing, LLC as of December 31, 2019, and the related audited statements of income and member’s equity and cash flows for the three-month period ended December 31, 2019;

     

    (ii)          the audited
        consolidated balance sheet of TCFII NxEdge LLC and its subsidiaries as of December 31, 2019, and the related audited statements of income and member’s equity and cash flows for the fiscal year then ended;

     

    (iii)         the audited
        consolidated balance sheet of the Company Entities as of each of December 31, 2020, and the related audited consolidated statements of income and owners’ equity and cash flows for the fiscal year then ended; and

     

    (iv)         the
        unaudited consolidated balance sheet of the Company Entities as of September 30, 2021 (the “Latest Balance Sheet”), and the related unaudited consolidated statements of
        income for the nine-month period then ended.

     

    Each of the Financial Statements (including the notes thereto, if any) has been prepared from and is consistent with the books and records of the
      Company Entities, presents fairly in all material

     

    
      - 11 -

      
        

    

    respects the financial condition and results of operations and cash flows of the Company Entities on a consolidated basis as of the dates thereof and
      for the periods covered thereby and has been prepared in accordance with GAAP, consistently applied throughout the periods covered thereby (subject, in the case of the unaudited Financial Statements, to the absence of footnote disclosures and, in the
      case of the Latest Balance Sheet, to normal year-end adjustments for recurring accruals (none of which adjustments would be material, individually or in the aggregate, to the Company Entities taken as a whole)).

     

    (b)          The inventory
        of the Company Entities shown on the Latest Balance Sheet, net of the reserves applicable thereto as shown on the Latest Balance Sheet, is (i) of a quantity and quality maintained by the Company Entities in the ordinary course of business, (ii)
        adequate for the Company Entities to conduct their businesses as currently conducted, (iii) not damaged except as specifically reserved for on the Latest Balance Sheet and (iv) not obsolete.

     

    (c)         The accounts receivable that are reflected on the Latest Balance Sheet (collectively, the “Accounts Receivable”) are recorded in accordance with GAAP
        and represent or will represent (i) valid obligations arising from sales actually made or services actually performed by the Company Entities in the ordinary course of business and (ii) amounts due to the Company Entities with respect to arm’s
        length transactions entered into in the ordinary course of business. There is no written claim or Action, or to the Knowledge of the Company any threatened Action, relating to the amount or validity of such Accounts Receivable.

     

    3.05        Absence of Undisclosed Liabilities. The Company Entities do not have any Liabilities other than: (i) Liabilities adequately reflected on the Latest Balance Sheet or disclosed
        in the notes thereto or in the notes to the other Financial Statements, (ii) Liabilities that have arisen after the date of the Latest Balance Sheet in the ordinary course of business (none of which is a Liability resulting from noncompliance with
        any applicable Laws or Permits, breach of contract, breach of warranty, tort, claim or lawsuit) and that are not, individually or in the aggregate, material in amount, and (iii) Liabilities included in the calculation of Closing Indebtedness,
        Company Expenses or Closing Net Working Capital.

     

    3.06        No Material Adverse Effect. Since the date of the Latest Balance Sheet, there has occurred no change or effect that has had or would
        reasonably be expected to have a Material Adverse Effect.

     

    3.07        Absence of Certain Developments.  Except as expressly contemplated by this Agreement or as set forth on Section 3.07 of the Company Disclosure Letter, or as a result of, COVID-19 or COVID-19 Measures, since the date of the Latest Balance Sheet, (i) the Company Entities have operated their respective
        businesses in the ordinary course of business, and (ii) none of the Company Entities has:

     

    (a)          incurred,
        created, paid or repaid any Indebtedness for borrowed money (other than ordinary course repayments under the Credit Facility);

     

    (b)          amended its
        Organizational Documents;

     

    (c)         entered into
        any Material Contract other than a purchase order entered into in the ordinary course of business, or accelerated, amended, materially modified, cancelled, terminated or granted any material waiver or release with respect to any Material Contract
        other than a modification, waiver or release of or with respect to any purchase order in the ordinary course of business;

     

    (d)          effected any
        restructuring, reorganization or complete or partial liquidation;

     

    
      - 12 -

      
        

    

    (e)          subjected any
        of its material properties or material assets to any Lien, except for Permitted Liens;

     

    (f)          settled or
        otherwise compromised any material Action or threatened Action for an amount in excess of $150,000;

     

    (g)          acquired any
        business (in any form of transaction);

     

    (h)         (i) declared,
        set aside or made any payment or distribution of property to the Company’s equityholders with respect to such equityholder’s Equity Securities, (ii) purchased, redeemed or otherwise acquired any Equity Securities (other than of wholly-owned
        Subsidiaries) or (iii) issued or sold any of its Equity Securities or any instruments convertible into Equity Securities;

     

    (i)          sold,
        assigned, leased, licensed or otherwise transferred any of its tangible assets, except for sales of inventory in the ordinary course of business for fair value;

     

    (j)          sold,
        transferred, assigned, or licensed to a third party, or abandoned or permitted to lapse or expire any material Intellectual Property Rights owned by a Company Entity (other than non-exclusive licensing of Intellectual Property Rights in the
        ordinary course of business);

     

    (k)          directly or
        indirectly engaged in any transaction, arrangement or contract with any Affiliate of any Company Entity or any officer, manager, member, partner, direct or indirect equityholder or other insider of any Affiliate of any Company Entity, except for
        the payment of compensation or benefits in the ordinary course of business to any such Person who is an employee of any Company Entity or with respect to any Employee Benefit Plan;

     

    (l)          except for
        actions taken in the ordinary course of business or pursuant to the terms of any Employee Benefit Plan or applicable Law, established, materially amended or terminated any material Employee Benefit Plan or adopted any new material Employee Benefit
        Plan (or any plan, policy, program, contract, agreement or arrangement that would constitute a material Employee Benefit Plan if it were in existence on the date hereof);

     

    (m)          changed any
        annual accounting period, adopted or changed any method of accounting or accounting practices, estimation techniques, assumptions, policies or principles theretofore adopted or followed, except as required by GAAP or applicable Law and reflected in
        a note to the Financial Statements, or reversed any accruals or reserves;

     

    (n)          implemented any material group employee layoffs;

     

    (o)          made capital
        expenditures or commitments therefor that deviate from the annual capital expenditures budget for the Company Entities made available to Buyer by more than $250,000 in the aggregate;

     

    (p)          made any
        loans or advances to, guarantees for the benefit of or any Investments in any Person, other than advances to any employee of the Company Entities in the ordinary course of business and not in excess of $100,000 individually or $250,000 in the
        aggregate;

     

    (q)          (i) made,
        changed or rescinded any material Tax accounting method, accounting period, policy or election, (ii) filed any material amended Tax Return, (iii) filed or taken any material position on any Tax Return in a manner inconsistent with past practice,
        (iv) entered into any Tax closing agreement, (v) settled or compromised any Tax Action, (vi) consented to any

     

    
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    extension or waiver of the limitations period applicable to any material Tax Action, (vii) requested or entered into any ruling with respect to Taxes,
      (viii) surrendered any right to claim a material refund, offset or other reduction in Taxes, or (ix) failed to timely file (including allowable extensions) any material Tax Return relating to any Company Entity (and the Seller in respect of the
      Company Entities);

     

    (r)          (i)
        materially increased the annual compensation or benefits payable to any of its current or former directors, officers, employees or other individual service providers, except as may be required under existing employment agreements, CBAs or Employee
        Benefit Plans or with respect to general merit based increases in the ordinary course of business and consistent in magnitude with past practice, (ii) hired any new employees or engaged any new individual independent contractors, unless such hiring
        or engagement was in the ordinary course of business and was with respect to employees or contractors having an annual base salary or fee not reasonably expected to exceed $200,000, (iii) taken any action to accelerate the payment, funding, right
        to payment or vesting of any compensation or benefits payable to any directors, officers, employees or other individual service providers under any Employee Benefit Plan (except pursuant to the terms of any Employee Benefit Plan, CBA or applicable
        Law), or (iv) terminated the employment or service of any employee or other individual service provider of any Company Entity with an annual base salary or fee that exceeds $200,000; or

     

    (s)          authorized,
        committed or agreed, whether orally or in writing, to do any of the foregoing.

     

    From the date of the Latest Balance Sheet through the date hereof, none of the Company Entities has experienced any
      loss or damage to property, whether or not covered by insurance, in excess of $250,000.

     

    3.08        Assets.

     

    (a)          Except as set forth on Section 3.08(a) of the Company Disclosure Letter, each of the Company Entities has, and immediately following the Closing will
        have, good and valid title to, a valid leasehold interest in or a valid license to use the tangible personal properties and assets that are either used or held for use by it, located on its premises, shown on the Latest Balance Sheet or acquired
        thereafter (the “Assets”), free and clear of all Liens, except for properties and assets disposed of in the ordinary course of business since the date of the Latest
        Balance Sheet and Permitted Liens.

     

    (b)          All tangible
        Assets have no material defects, are in good condition and repair (ordinary wear and tear excepted) in all material respects, have been reasonably maintained in material conformity with all standards generally followed in the industry and are
        adequate and fit for use in the ordinary course of business.

     

    (c)          Except as set forth on Section 3.08(c) of the Company Disclosure Letter, the Assets constitute all of the assets, properties and rights, whether
        tangible or intangible, necessary for the conduct of the Company Entities’ businesses as currently conducted and as proposed to be conducted and will be sufficient for the continued operation of such business immediately following the Closing in
        substantially the same manner as conducted prior to Closing or as presently proposed to be conducted.

     

    3.09        Tax Matters.

     

    (a)          Each of the
        Company Entities (and the Seller in respect of the Company Entities) has timely filed (taking into account valid extensions) all income and material other Tax Returns it

     

    
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    is required to file under applicable Laws and regulations. All such Tax Returns were true, correct and complete in all material respects, and have
      been prepared in material compliance with all applicable Laws.

     

    (b)         Each of the
        Company Entities (and the Seller in respect of the Company Entities) has timely paid all income and other material Taxes due and owing by it (whether or not shown on any Tax Returns), and has timely withheld and paid over to the appropriate
        Governmental Entity with respect to Taxes all Taxes it is required to withhold from amounts paid or owing to any employee, independent contractor, creditor, equity holder or other third party under applicable Laws.  Each of the Company Entities
        (and the Seller in respect of the Company Entities) is in material compliance with all applicable information reporting and withholding requirements under applicable Law (including all IRS Forms W-2 and 1099 and any comparable forms under state,
        local and foreign Tax Law) with respect to Tax. Each of the Company Entities (and the Seller in respect of the Company Entities) has disclosed on its Tax Returns all positions taken therein that could reasonably be expected to give rise to a
        substantial understatement of Tax within the meaning of Code Section 6662 (or any similar provision of state, local or non-U.S. Tax Law).

     

    (c)          There are no
        Liens for Taxes (other than Permitted Liens) upon any of the assets of, or Equity Securities of, any of the Company Entities.

     

    (d)          Neither
        Seller, in respect of the Company Entities, nor any Company Entity has waived or agreed to extend any statute of limitations with respect to any Taxes (or any Tax assessment or deficiency) or agreed to or been granted any extension of time for
        filing any Tax Return that has not been filed (other than ordinary course extensions), in each case, which waiver or extension is outstanding.

     

    (e)          Except as set forth on Section 3.09(e) of the Company Disclosure Letter, no Tax Actions are pending or being conducted with respect to any of the
        Company Entities. Neither Seller nor any Company Entity has received from any Governmental Entity any written notice indicating an intent to take any Action with respect to any Tax or Tax Return of either Seller or a Company Entity, which Action
        has not been fully resolved.

     

    (f)          Except as set forth on Section 3.09(f) of the Company Disclosure Letter, no Tax Action has been made in the last three (3) years by a taxing authority
        in a jurisdiction where the Company Entities (or the Seller in respect of the Company Entities) does not file Tax Returns that such Company Entity (or the Seller in respect of the Company Entities) is or may be subject to Taxes assessed by such
        jurisdiction.

     

    (g)          No Company
        Entity has ever been a member of an Affiliated Group or filed or been included in a combined, consolidated or unitary income Tax Return (other than a group the common parent of which is a Company Entity). No Company Entity is liable for the Taxes
        of another Person (i) under Treasury Regulations Section 1.1502-6 (or comparable provisions of state, local or non-U.S. Law, other than a group the common parent of which is a Company Entity), (ii) as a transferee or successor or (iii) otherwise by
        operation of Law. No Company Entity is a party to or bound by any Tax Sharing Agreement.

     

    (h)          No Company
        Entity  will be required to include any material item of income in, or exclude any material item of deduction from, taxable income for any Post-Closing Tax Period as a result of any (i) change in method of accounting for a taxable period ending on
        or prior to the Closing Date; (ii) “closing agreement” as described in Code Section 7121 (or any corresponding or similar provision of state, local or non-U.S. Law) entered into on or prior to the Closing Date;

     

    
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    (iii) installment sale made or other open transaction entered into prior to the Closing; or (iv) prepaid amount or
      deferred revenue received outside the ordinary course of business on or prior to the Closing Date; or (v) use of cash, or improper, method of accounting for a taxable period ending on or prior to the Closing Date.

     

    (i)          Within the last five (5) years, no Company Entity has distributed the securities of another Person, or has had its securities distributed by another Person, in a transaction that was purported or intended to be governed in whole
        or in part by Code Section 355 or Code Section 361 or a comparable provision of state, local, or non-U.S. law.

     

    (j)          No Company Entity is, and none has been, a party to any “reportable transaction” as defined in Code Section 6707A(c)(1) and Treasury Regulations Section 1.6011-4(b)(1).

     

    (k)         Neither Seller (in respect of a Company Entity) nor any Company Entity has requested or received any written ruling of a Governmental Entity relating to Taxes of the Company Entities or entered into a written agreement with a
        Governmental Entity relating to Taxes of the Company Entities that would have a continuing effect or require any payment after the Closing Date.

     

    (l)          The accrual
        for Taxes on the Last Balance Sheet (as adjusted for the passage of time through the Closing Date in accordance with GAAP) would be sufficient to pay all material Tax liabilities of the Company Entities (or in respect of the Company Entities) in
        full if their respective current taxable periods were treated as ending on the date of the Latest Balance Sheet or as of the Closing Date, as the case may be (excluding any amount recorded or reserved which is attributable solely to timing
        differences between book and Tax income).

     

    (m)         No Company
        Entity has, nor has it ever had, a permanent establishment (as defined by applicable Tax treaty) or other taxable presence in any country other than the United States.

     

    (n)          No Company Entity has incurred any Liabilities for Taxes since the date of the Latest Balance Sheet outside the ordinary course of business. Each Company Entity uses the accrual method of accounting for income Tax purposes.

     

    (o)         Each of Seller and each Company Entity has (i) properly collected all material sales Taxes required to be collected in the time and manner required by any applicable Tax Law and remitted all such sales Taxes (and use Taxes due
        and payable) to the applicable Governmental Entity and (ii) collected and maintained all material resale certificates and other documentation required to qualify for any exemption from the collection of sales Taxes.

     

    (p)          No Company
        Entity is or has ever been a “United States real property holding corporation” within the meaning of Code Section 897(c)(2).

     

    (q)         No Company
        Entity is, or has been, a direct or indirect stockholder (i) in a “passive foreign investment company” within the meaning of Code Section 1297 or (ii) of a “controlled foreign corporation” as defined in Code Section 957 (or any similar provision of
        state, local or non-U.S. Law).

     

    (r)          For U.S. federal and applicable state and local income Tax purposes, (i) Seller is properly classified as a partnership, (ii) other than NxEdge, Inc. and its Subsidiaries, each Company Entity has been properly classified as a
        disregarded entity since its date of formation, and (iii) NxEdge, Inc. and its Subsidiaries have been properly classified as a corporation since its date of formation.

     

    
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    (s)          Neither
        Seller nor any Company Entity has elected to defer “applicable employment taxes” (as defined in Section 2302(d)(1) of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”)) pursuant to Section 2302 of the CARES Act, or pursuant
        to any similar provisions of state, local or foreign law.

     

    (t)          Each of the
        Seller and the Company Entities has complied in all material respects with the requirements of Code Section 482 and the Treasury Regulations promulgated thereunder (or any similar provision of state, local or non-U.S. Law).

     

    (u)          Neither
        Seller nor any Company Entity has made any election to apply the partnership audit rules of the Bipartisan Budget Act to any tax year beginning prior to January 1, 2018.

     

    3.10        Material Contracts.

     

    (a)          Except as set forth on Section 3.10(a) of the Company Disclosure Letter, as of the date hereof, no Company Entity
        is party to or bound by any written or oral:

     

    (i)           collective bargaining agreement or any other labor contract with any Union respecting employment matters (each a “CBA”);

     

    (ii)          settlement,
        conciliation or similar agreement with any Governmental Entity or pursuant to which any Company Entity will have outstanding obligations after the date of this Agreement;

     

    (iii)         agreement
        that relates to the future acquisition of any Person or any business division thereof or disposition of any material assets or properties by any Company Entity outside the ordinary course of business, or any future merger or business combination
        with respect to any Company Entity;

     

    (iv)         (A)
        agreement for the employment of any current officer or individual employee with annual base compensation in excess of $150,000 (other than agreements providing for at-will employment that do not provide for notice pay, severance or post-employment
        benefits and offer letters) or (B) any agreement providing for severance, or relating to loans, to any current employee, officer, manager, director or other individual service provider;

     

    (v)          agreement
        under which it has advanced or loaned monies to any other Person or otherwise agreed to advance, loan or invest any funds (other than advances to any Company Entity’s employees in the ordinary course of business);

     

    (vi)         agreement or
        indenture relating to borrowed money or the mortgaging, pledging or otherwise granting of a Lien (including pursuant to any credit support or similar agreement) on any asset or group of assets of any Company Entity, or any letter of credit
        arrangements or performance bond arrangements;

     

    (vii)         lease or
        agreement under which any Company Entity is lessee of or holds or operates any personal property under which the aggregate annual rental payments exceed $100,000;

     

    
      - 17 -

      
        

    

    (viii)        lease or
        agreement under which any Company Entity is lessor of or permits any third party to hold or operate any personal property owned or controlled by a Company Entity;

     

    (ix)          contract
        with a Key Customer or Key Supplier (in each case, other than purchase orders that do not contain additional terms and conditions);

     

    (x)         agreement
        relating to the ownership of any Investment (including all agreements related to any joint venture), other than any Investments in another Company Entity, or that otherwise involves any partnership, strategic alliance or sharing of profits with any
        Person other than another Company Entity;

     

    (xi)        Inbound
        License, but excluding (A) licenses for Open Source Materials,  (B) any non-exclusive license that is not material to the businesses of the Company Entities and merely incidental to the transaction contemplated in such
        license, the commercial purpose of which is primarily for something other than such license, and (C) Off-the-Shelf Licenses that do not involve aggregate payments in excess of $50,000 per annum and for which the Software is not (x) embedded into
        any Company Product and (y) necessary for the provision or operation of a Company Product, unless such Software is preconfigured, preinstalled, or embedded on hardware or other equipment and licensed or procured in the ordinary course of business;

     

    (xii)        Outbound
        Licenses, but excluding (A) non-exclusive licenses of Intellectual Property Rights granted to customers in the ordinary course of business and (B) contracts primarily for the provision of services to or from a Company Entity in which the licenses
        to Intellectual Property Rights granted in such contract are merely incidental to the transactions contemplated in such agreement;

     

    (xiii)       contract
        pursuant to which any Company Entity is obligated to pay royalties to any other Person with respect to any Intellectual Property Right used or embedded in any Company Product;

     

    (xiv)       contract or
        agreement prohibiting it from freely engaging in any business or competing anywhere in the world or containing any requirement, supply or exclusivity provision or any “most favored nation”, “most favored pricing” or similar clause;

     

    (xv)         contract to
        purchase or sell real property for which there remain outstanding obligations;

     

    (xvi)       contract
        (other than with a Key Customer or Key Supplier and other than any Employee Benefit Plan) that provides for consideration payable from or to any Company Entity of more than $150,000 per year;

     

    (xvii)     contract
        involving the acquisition or disposition of any material business enterprise (whether via equity or asset purchase or otherwise either) under which there are any material obligations or Liabilities outstanding (including outstanding obligations to
        make contingent payments);

     

    (xviii)     contract
        providing for capital expenditures with an outstanding amount of unpaid obligations or commitments in excess of, or reasonably expected to be in excess of, the capital expenditure budget set forth in the Company’s annual budget made available to
        Buyer;

     

    
      - 18 -

      
        

    

    (xix)       Intellectual
        Property Agreement (other than an Inbound License or Outbound License) relating to the Creation of Intellectual Property Rights for the benefit of any Company Entity (other than written contracts with employees or independent contractors entered
        into in the ordinary course of business under which the employee or independent contractor assigns to the Company all Intellectual Property Rights developed by such employee or independent contractor in the scope of his or her employment or  its
        engagement);

     

    (xx)        contract, a
        principal purpose of which is the sharing or allocation of or indemnification for Taxes; or

     

    (xxi)       contract with
        any Governmental Entity.

     

    (b)          All of the contracts, agreements and instruments set forth or required to be set forth on Section 3.10(b) of the Company Disclosure Letter and all
        other contracts with a Key Customer or Key Supplier (collectively, the “Material Contracts”) are, assuming the due authorization, execution, and delivery thereof by the
        other parties thereto, valid, binding and enforceable against the Company or, as specified on the applicable Schedule, the other Company Entity party thereto and, to the Knowledge of the Company, enforceable against the other parties thereto, in
        accordance with their respective terms and, in each case, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors’ rights generally and to general principles of equity. Each of the Company
        Entities has performed all material obligations required to be performed by it and is not in material default under or material breach of, nor in receipt of any claim of such default under or breach of, any Material Contract; and to the Knowledge
        of the Company, no event has occurred or circumstance exists that, with notice or lapse of time or both, would constitute such a breach or default or permit termination, modification or acceleration under any Material Contract. The Company Entities
        have made available to Buyer a true and correct copy of each of the written Material Contracts other than purchase orders, together with all amendments, extensions, guarantees and other binding supplements thereto, and an accurate description of
        each of the oral Material Contracts, including all amendments, waivers or other changes thereto.

     

    3.11       
      Intellectual Property Rights.

     

    (a)          Section 3.11(a) of the Company Disclosure Letter sets forth a true, complete and accurate list, as of the date of this Agreement, of all (i) patented,
        issued or registered Intellectual Property Rights owned (or purported to be owned) by any Company Entity, (ii) pending patent applications and applications for registration of other Intellectual Property Rights owned (or purported to be owned) by
        any Company Entity; and (iii) Internet domain names registered to any Company Entity, including with respect to each of (i) – (iii), the owner thereof, the jurisdiction in which such item has been issued, registered or filed, the applicable
        issuance, grant, registration or serial number(s) and related dates, as applicable, the title and the status. Each of the Intellectual Property Rights set forth on Section 3.11(a)
            of the Company Disclosure Letter is (x) in full force and effect, subsisting, valid and enforceable, and (y) all registration, maintenance and renewal fees currently due in connection with such Intellectual Property Rights have been
        paid, all procedural requirements in connection with the application and registration thereof (including the duty of candor) have been complied with in a timely manner, and all documents, recordations and certificates in connection with such
        Intellectual Property Rights required to be filed have been filed with the applicable Governmental Entities in the United States or foreign jurisdictions, as the case may be, for the purposes of prosecuting, maintaining and perfecting such
        Intellectual Property Rights and recording the Company Entities’ ownership interests therein. The Company Entities have taken reasonable steps to preserve, maintain and protect all of the Intellectual Property Rights

     

    
      - 19 -

      
        

    

    owned or purported to be owned by the any of the Company Entities (the “Owned
          Intellectual Property”).

     

    (b)          One or more of the Company Entities solely and exclusively owns all right, title and interest in and to the Owned Intellectual Property, free and clear of all Liens (except for Permitted Liens), including the sole and exclusive
        right to enforce such Owned Intellectual Property; and all Owned Intellectual Property is fully transferrable, alienable and licensable by the Company Entities without restriction and without payment of any kind to any third party and without
        approval of any third party. One or more of the Company Entities owns or have a valid right to use and otherwise exploit (in each case free and clear of all Liens, except for Permitted Liens) all other material Intellectual Property Rights used in
        or necessary for the conduct of the Company Entities’ businesses as presently conducted. None of the Inbound Licenses are exclusive license grants.

     

    (c)          There are no
        royalties, honoraria, fees or other payments payable by any Company Entity to any Person (other than salaries, fees and other consideration payable to employees and independent contractors not contingent on or related to use of their work product)
        with respect to the use or other exploitation of Company Intellectual Property as a result of the ownership, use, possession, license-in, license-out, distribution, provision, marketing, sale or other exploitation of any Company Product by any
        Company Entity.

     

    (d)          Neither the
        execution, delivery or performance by the Company of this Agreement and each of the Ancillary Agreements to which any of the Company Entities is a party, nor the consummation of the transactions contemplated hereby and thereby, will: (i) result in
        the loss or impairment of any of the Company Intellectual Property, (ii) result in any obligation to disclose any Software source code, information or other materials held or controlled by any Company Entity, (iii) give rise to any right of any
        Person to terminate any rights under any Intellectual Property Agreement, exercise any new or additional rights under any Intellectual Property Right, or receive any performance, benefit, remedy, payment, right or obligation relating to any
        Intellectual Property Right; or (iv) cause or result in any Company Entity or any of its Affiliates (including Buyer): (A) granting to any Person any right, license or immunity to, or with respect to, any Intellectual Property Right; (B) being
        bound by, or subject to, any exclusivity, non-compete, covenant not to sue or enjoin, or other material restriction on the operation or scope of their respective businesses; or (C) being obligated to pay any royalties or other fees or consideration
        or offer any discounts to any Person with respect to any Company Intellectual Property or Company Products in excess of those payable or offered by the Company Entities in the absence of this Agreement, the Ancillary Agreements and the transactions
        contemplated hereby and thereby. Each item of Company Intellectual Property existing immediately prior to the Closing will be available to the Company Entities on materially identical terms and conditions immediately after the Closing. No consent
        or approval is required under any Intellectual Property Agreement to maintain such Intellectual Property Agreement in force and effect as a result of the execution, delivery and performance by the Company of this Agreement and each of the Ancillary
        Agreements to which it is a party and the consummation of the transactions contemplated hereby and thereby.

     

    (e)          No Governmental Entity, university, college, other educational institution, research center or non-profit institution (collectively, “Institutions”)
        provides any facilities, personnel, or funding to any Company Entity for the creation or development of any Intellectual Property Right or Company Product, or any manufacturing processes used by any Company Entity for or to make any Company Product
        (or has previously done so); and no Company Entity has provided any funding to any Institution for the creation of any Intellectual Property Right. No Institution has any claim, right (or any option to obtain any rights) or interest in or to any:
        (i) Owned

     

    
      - 20 -

      
        

    

    Intellectual Property or Company Product or (ii) Intellectual Property Right authored, developed, generated, discovered, conceived, reduced to
      practice, made or otherwise created by (collectively, “Created”) by any current or former employee or independent contractor of any Company Entity (alone or with others)
      that relates in any manner to any Owned Intellectual Property or Company Product (including any manufacturing processes used for or to make any Company Product).

     

    (f)          None of the
        Company Entities, the Company Intellectual Property, the Company Products or the conduct of the business of any Company Entity Infringes any Intellectual Property Right of any Person or has in the past three (3) years done so. There is no (and in
        the past three (3) years has been no) pending or to the Knowledge of the Company  threatened Action involving any Company Entity, any Company Intellectual Property or the use or exploitation thereof, Company Product or the conduct of the business
        of any Company Entity concerning (i) any Infringement, (ii) the enforceability, use (including any assertion of misuse), ownership, scope, licensing or validity of any Intellectual Property Right, or (iii) any demand or request for indemnification
        or payment of expenditures with respect any Intellectual Property Rights. There are no facts or circumstances that might reasonably serve as the basis for any such Action, and no Company Entity has received any written or oral notice, charge,
        complaint, claim, demand or inquiry (including unsolicited offers, demands or requests to license, or cease and desist letters) pertaining to any Intellectual Property Right. No Person is Infringing any material Owned Intellectual Property, or has
        done so in the past three (3) years.

     

    (g)          No Company
        Entities have received any written or oral opinion of counsel that any Company Product or the operation of the business of such Company Entity does or does not Infringe any Intellectual Property Right of a Person or that any Intellectual Property
        Right of a third party is (or is not) valid or enforceable.

     

    (h)         No Owned
        Intellectual Property or Company Product is subject to any Action, outstanding Order or settlement contract that restricts in any manner the use, transfer, licensing, distribution, provisioning or other exploitation thereof by the Company Entities,
        or that affects the registrability, scope, ownership, use, validity or enforceability of any such Owned Intellectual Property.

     

    (i)          No Company
        Entities are now, nor have ever been, a member or promoter of, or a contributor to, any industry standards body, standard-setting organization or any similar organization that could reasonably be expected to require or obligate any Company Entity
        to grant or offer to any third party any license or right to any Owned Intellectual Property, and there is no such requirement or obligation to grant or offer any such license or right to any Owned Intellectual Property.

     

    (j)          No Company
        Entity has (i) transferred ownership of, or agreed to transfer, or granted any exclusive or perpetual right or license with respect to, any Company Intellectual Property (or any Intellectual Property Rights that would have constituted Company
        Intellectual Property but for such transfer) to any other Person or (ii) granted any Person the right to modify, enhance or create derivative works of any of Company Intellectual Property other than modifications, enhancement or derivative works
        that are owned by one or more Company Entities.

     

    (k)          Except as set forth on Section 3.11(k) of the Company Disclosure Letter, no Person that has licensed Intellectual Property Rights to the Company
        Entities has ownership or license rights to improvements or derivative works of such in-licensed Intellectual Property Rights that are Created by the Company Entities.

     

    
      - 21 -

      
        

    

    (l)          Each Company
        Entity has (i) taken all reasonable measures to protect and preserve its rights in the Company Intellectual Property and the confidentiality of all Trade Secrets (including, in each case, any information that would have been a Trade Secret but for
        any failure of a Company Entity to act in a manner consistent with this Section 3.11(l)) and other confidential information owned or held by any Company Entity or of
        Trade Secrets and other confidential or protected information provided by any third party to the Company Entities (collectively, “Company Confidential Information”), (ii)
        only disclosed any material technical Trade Secrets to Persons pursuant to the terms of a written contract that requires the Person receiving such Trade Secrets to reasonably protect and not disclose such Trade Secrets, and (iii) only disclosed any
        Company Confidential Information to Persons with a binding duty of confidentiality to the Company Entities or pursuant to the terms of a written contract that requires the Person receiving such Company Confidential Information to reasonably protect
        and not disclose such Company Confidential Information. There has not been any unauthorized disclosure or use of, or access to, any Company Confidential Information in any material respect. No Company Entity has disclosed, delivered or licensed to
        any third party, agreed to disclose, deliver or license to any third party, or permitted the disclosure or delivery to any escrow agent or other third party of, any material source code owned (or purported to be owned) by any Company Entity, except
        for (A) disclosures to employees under binding written contracts or other binding legal obligations or (B) disclosures to independent contractors under binding written contracts that reasonably restrict the use and disclosure of such proprietary
        source code and impose reasonable security obligations regarding such source code.

     

    (m)          No present or
        former employee, officer, founder, consultant or contractor of any Company Entity has any ownership, license, claim or other right, title or interest in any Owned Intellectual Property. Each current and former employee, officer, founder, consultant
        and contractor of any Company Entity who has Created any Intellectual Property Right for any Company Entity, has executed and delivered to that Company Entity a written and enforceable contract that assigns to the Company Entity, without any
        obligation of payment or entitlement to further compensation (other than salaries or other payments that are not contingent on or related to use of any work product), all right, title and interest in and to any such Intellectual Property Right,
        except where ownership of such Intellectual Property Rights vests in the Company Entity by operation of applicable Law. No present or former employee, officer, founder, consultant or contractor of any Company Entity is in violation of any such
        contract, or has Created any copyrightable, patentable or otherwise proprietary work for any Company Entity that is subject to any contract under which such employee, officer, founder, consultant or contractor has assigned or otherwise granted to
        any third party any rights (including Intellectual Property Rights) in or to such copyrightable, patentable or otherwise proprietary work. No Company Entity, nor any of the current or former employees, officers, founders, consultants, contractors
        or agents of any of them, has done, or failed to do, any act or thing which prejudices the validity or enforceability of any of the Owned Intellectual Property.

     

    (n)          The Company Entities are in compliance, in all material respects, with the contracts governing their use of Open Source Materials. No Company Entity has used, incorporated, combined, modified, linked, hosted, distributed or
        otherwise accessed any Open Source Materials in any manner that (i) grants, or purports to grant, creates, or purports to create, or requires the Company Entity license, disclose, distribute, make available or grant any rights in or to any
        Intellectual Property Right, source code or other materials, including any Intellectual Property Right that is incorporated into, or integrated, combined, linked or distributed with, any Company Product; or, (ii) imposes any material limitation,
        restriction, or condition on the right of the Company Entity to use or distribute any Company Product.

     

    
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    (o)          The Company
        Systems (i) are in good working order, (ii) have not materially malfunctioned, (iii) are free of any material defects, bugs and errors, (iv) do not contain or make available any disabling Software, code or instructions, spyware, Trojan horses, worms, viruses or other Software routines that permit or cause unauthorized access to, or disruption,
        impairment, disablement, or destruction of any Software, data or other materials and (v) are sufficient for the existing needs of the business of each Company Entity, as currently conducted. The Company Entities
        maintain commercially reasonable security, disaster recovery and business continuity plans.

     

    (p)          Except as set forth on Section 3.11(p) of the Company Disclosure Letter, each Company Entity has taken reasonable steps and implemented reasonable
        safeguards to ensure that the Company Systems are free from disabling Software, code or instructions, spyware, Trojan horses, worms, viruses or other Software routines that permit or cause unauthorized access to, or disruption, impairment,
        disablement, or destruction of, any Software, data or other materials, and to protect the confidentiality, integrity, and security of the Company Systems and all information stored, processed, or contained therein. No Person has gained unauthorized
        access to any Company System in the past three (3) years.

     

    3.12        Privacy and Security. Each Company Entity has: (i) in the past three (3) years complied in all material respects with its published
        privacy policies, terms of use, and internal policies, and all applicable Laws and contractual obligations relating to data privacy, data protection and data security, including with respect to the collection, storage, transmission, transfer
        (including cross-border transfers), disclosure, destruction, use or processing of Personal Data or any other sensitive, confidential or proprietary information or data held, owned or controlled by any Company Entity (collectively “Information”); and (ii) taken reasonable measures designed to ensure that the Information is protected against loss, damage, and unauthorized access, use, modification,
        disclosure, or other misuse. There has been no loss, damage, or unauthorized access, use, modification, disclosure or other misuse of any Information. No Person has provided any notice, made any claim, or commenced any Action with respect to any
        loss, damage, or unauthorized access, use, modification, disclosure or other misuse of any Information; and there is no reasonable basis for any such notice, claim, or Action. Neither the execution, delivery and performance by the Company of this
        Agreement and each of the Ancillary Agreements to which it is a party, nor the consummation of the transactions contemplated hereby and thereby, will violate any privacy policy, terms of use, contract or applicable Law relating to the use,
        dissemination, transfer or processing of any Information.

     

    3.13        Litigation. Except as set forth on Section 3.13 of the Company
            Disclosure Letter, there is no, and in the past three years there has been no, material Action pending or, to the Knowledge of the Company, threatened against any Company Entity. Except as set forth on Section 3.13 of the Company Disclosure Letter, no Company Entity nor any of their respective material assets or material properties is subject to any material outstanding Order as of the date hereof.
        In the past three years, no Company Entity has filed any material Action against any third party.

     

    3.14        Brokerage. Except as set forth on Section 3.14
            of the Company Disclosure Letter, there are no claims for any brokerage commission, finders’ fee or similar compensation in connection with the sale of the Purchased Interests or any of the other transactions contemplated by this
        Agreement based on any arrangement or agreement to which any Company Entity is party or by which any Company Entity is bound.

     

    3.15        Insurance. Section 3.15 of the Company Disclosure Letter contains a true,
        correct and complete summary description of each insurance policy maintained by any Company Entity with respect to its properties, assets and business or directors, managers and officers of the Company Entities. With respect to each such insurance
        policy listed on Section 3.15 of the Company Disclosure Letter: (i) the policy

     

    
      - 23 -

      
        

    

    is in full force and effect, (ii) no Company Entity is in material breach or default thereunder, and (iii)
      all premiums due to date thereunder have been paid in full. The Company Entities have continuously maintained substantially similar insurance coverages, both as to the types and limits of the coverages, at all times during the past three (3) years, and all insurance policies required by Law or by any Material Contract. No Company Entity has taken any action or failed to take any action that, with notice or the lapse of time or both, would constitute
      a material breach or default or permit termination, or non-renewal of any such insurance policy. The Company has not received any written, or to the Knowledge of the Company oral, notice of actual or threatened material adverse modification,
      termination, cancellation or nonrenewal, in whole or in part, with respect to any such insurance policy or denial of coverage, reservation of rights letter or other notice of defenses related to any claims thereunder. In the past three years, no
      Company Entity has applied for any insurance coverage that has been denied.

     

    3.16        Labor Matters.

     

    (a)          The Company Entities have made available a complete and correct in all material respects list (as of the date of such list) of the name, job title, hire or engagement date, current annual cash compensation (including both base
        compensation and maximum bonus or commission compensation), accrued vacation or paid time off and contractual severance obligations of the Company Entities with respect to each director, officer, employee, or independent contractor of any Company
        Entity, including each individual on leave of absence, layoff, short-term disability, or similar status.  All compensation due and payable to all employees and independent contractors of any Company Entity for services performed on or in the three
        years prior to the date hereof has been paid in full or shall be accrued as a current Liability in Closing Net Working Capital. No Company Entity has no Liability or obligation to pay deferred compensation to any of its current or former employees
        or independent contractors.

     

    (b)          To the Knowledge of the Company, no employee or independent contractor of any Company Entity is a party to, or otherwise bound by, any agreement or arrangement, including any confidentiality,
        noncompetition, non-solicitation, or proprietary rights agreement, between such employee or independent contractor and any other Person that is in conflict in any material respects with (i) the performance of his or
        her duties as an employee or independent contractor of the Company Entity, (ii) the ability of the Company Entity do conduct its business or (iii) the ability of such individual to assign
        to the Company Entity any rights to any invention, improvement or discovery. Section 3.16(b) of the Company Disclosure Letter identifies the
        employees and independent contractors, or categories of employees and independent contractors, of the Company Entities who are not party to a Proprietary Rights Agreement in substantially similar form as one of the forms of Proprietary Rights
        Agreement made available to Buyer.

     

    (c)          Section 3.16(c) of the Company Disclosure Letter specifies the number of employees terminated by any Company Entity during the 90-day period prior to
        the Closing Date.   The Company Entities have for the past three years complied in all materials respects with the U.S. Worker Adjustment and Retraining Notification Act of 1988 or any similar plant closing or mass layoff Law (collectively, the “WARN Act”) and any similar applicable Laws. To the Knowledge of the Company, no executive, officer, or key employee or material independent contractor of any Company Entity
        has any present intention of terminating his, her, or its employment or engagement with that Company Entity within one (1) year following the Closing.

     

    (d)          None of the
        Company Entities are party to or bound by any CBA, no Union has bargaining rights in respect of the employees of any of the Company Entities, and no Union has filed any pending representation petition or made any written demand for recognition with
        respect to any Company Entity. To the Knowledge of the Company, no union organizing activities are

     

    
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    underway or threatened with respect to the employees of any of the Company Entity, and no such activities have occurred in the past five (5) years.
      There are no strikes, concerted walkouts, concerted work stoppages or slowdowns, lockouts, picketing or other material labor disputes pending against the Company Entities or, to the Knowledge of the Company, threatened, and no such disputes have
      occurred in the past five (5) years. There is no unfair labor practice charge or complaint against any Company Entity pending or, to the Knowledge of the Company, currently threatened before the National Labor Relations Board or any other
      Governmental Entity.

     

    (e)        Each Company
        Entity is and for the past three (3) years has been in compliance in all material respects with all applicable labor or employment related Laws, including provisions thereof relating to employment practices, terms and conditions of employment,
        wages and hours, discrimination, retaliation, equal pay, immigration, plant closures and mass layoffs, and labor relations. No formal or, to the Knowledge of the Company, other written allegation of sexual harassment or sexual misconduct has in the
        past three (3) years been made, or to the Knowledge of the Company threatened, involving any current or former director, officer, or employee of any Company Entity, and no Company Entity has in the past three (3) years entered into any settlement
        agreement related to allegations of sexual harassment or sexual misconduct by any current or former director, officer, employee or independent contractor.

     

    (f)          Except as would not result in material liability to any Company Entity, each individual classified and treated by a Company Entity as an independent contractor has for the past three (3) years been properly treated as an
        independent contractor under all applicable Laws. Except as would not result in material liability to any Company Entity, all employees of any Company Entity who have been classified as exempt under the Fair Labor Standards Act and state and local
        wage and hour laws have for the past three (3) years been properly classified under all applicable Laws. No Company Entity has any material obligation or Liability (whether absolute, contingent, or otherwise), and to the Knowledge of the Company no
        acts, omissions, or occurrences have occurred that would result in any material obligation or Liability imposed on any Company Entity with respect to any misclassification in the past three (3) years of any person as an independent contractor
        rather than as an employee, or as exempt rather than non-exempt, or with respect to any employee leased from another employer.

     

    (g)          The Company
        has made available to Buyer true, correct and complete copies of all current material written personnel, payroll, and employment manuals and policies of the Company Entities.

     

    3.17        Employee Benefits.

     

    (a)          Section 3.17(a) of the Company Disclosure Letter contains a list of all material Employee Benefit Plans. For the purposes of this Agreement, an
        “Employee Benefit Plan” is each “employee benefit plan” (as such term is defined in Section 3(3) of ERISA, whether or not subject to ERISA), and each severance, employment, incentive or bonus, deferred compensation, change in control, retention,
        separation, savings, profit sharing, retirement, pension, welfare, health, paid time off, post-employment or post-termination welfare, vacation, death benefit, unit purchase, unit option or other equity incentive or equity-based compensation plan,
        program, policy, practice, contract, agreement or arrangement, and all other material benefit plans, programs, policies, practices, contracts, agreements or arrangements that, in each case, are maintained, sponsored or contributed to or required to
        be contributed to by any Company Entity, or with respect to which any Company Entity has any Liability, for the benefit of any employees, officers, managers, directors or other individual service providers of any Company Entity, other than any such
        plan or arrangement sponsored or maintained or administered by a Governmental Entity and plans

     

    
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    administered pursuant to applicable federal or health, workers’ compensation or employment insurance legislation. With respect to each material
      Employee Benefit Plan, the Company has made available to Buyer true, correct and complete copies of: (i) the current plan and trust documents or other funding arrangements (and, in the case of an unwritten Employee
      Benefit Plan, a written description of the material terms thereof) and any amendments thereto; (ii) summary plan descriptions and any summaries of material modifications relating thereto; (iii)
      insurance contracts or policies; (iv) the most recent Internal Revenue Service determination or opinion letter relating to each Employee Benefit Plan intended to be qualified under Code Section 401(a);
      (v) the most recent IRS Form 5500, as filed, in each case if applicable; and (vi) copies of all material notices, letters or other correspondence from the
      Internal Revenue Service, Department of Labor, Pension Benefit Guaranty Corporation or other Governmental Entity relating to any Employee Benefit Plan and dated within three (3) years of the date hereof.

     

    (b)          Each Employee
        Benefit Plan that is intended to meet the requirements of a “qualified plan” under Code Section 401(a) is so qualified and has received a determination from the Internal Revenue Service or may rely upon an advisory letter issued to a third party
        sponsor of such qualified plan to the effect that such Employee Benefit Plan is so qualified and that the plan and the trust related thereto is exempt from federal income taxes under Code Sections 401(a) and 501(a);
        and, to the Knowledge of the Company, nothing has occurred that could reasonably be expected to adversely affect the qualification of such Employee Benefit Plan.

     

    (c)          Except as set forth on Section 3.17(c) of the Company Disclosure Letter, each Employee Benefit Plan has been established, maintained, funded and
        administered materially in compliance with its terms and with all applicable requirements of ERISA, the Code and other applicable Laws. With respect to each Employee Benefit Plan, all required payments, premiums, contributions, and reimbursements
        for all periods commencing prior to or as of the Closing Date have been made in accordance with the terms of such Employee Benefit Plan and all applicable Laws, and if not yet due, accrued or otherwise adequately reserved to the extent required by,
        and in accordance with, GAAP. There are no Actions (other than routine claims for benefits in the ordinary course) pending or, to the Knowledge of the Company, currently threatened with respect to any Employee Benefit Plan.

     

    (d)          No Company Entity maintains, sponsors, contributes to, has any obligation to contribute to or has any Liability, including on account of any other Person that is treated as a single employer with any Company Entity under Code
        Section 414 (an “ERISA Affiliate”), under or with respect to (i) a “defined benefit plan,” as defined in Section 3(35) of ERISA, (ii) a pension plan subject to the minimum
        funding standards of Section 302 or Title IV of ERISA or Code Section 412, (iii) a “multiemployer plan,” as defined in Section 3(37) or 4001(a)(3) of ERISA or Code Section 414(f), or (iv) a “multiple employer” plan under ERISA, including a
        “multiple employer welfare arrangement” within the meaning of Section 3(40) of ERISA.

     

    (e)          No Employee
        Benefit Plan provides for death or medical benefits beyond termination of service or retirement, other than coverage mandated by Law.

     

    (f)          Except as set forth on Section 3.17(f) of the Company Disclosure Letter, neither the Company nor any ERISA Affiliate has failed to comply in any
        material respect with ERISA Sections 601 to 608 and Code Section 4980B, and the Company Entities have not incurred any material Liability under Code Section 4980H for failure to offer the requisite number of “full-time employees” group health
        coverage that is “affordable” and of “minimum value” (as such terms are defined by the employer shared responsibility provisions of the Patient Protection and Affordable

     

    
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    Care Act) or under Code Sections 6721 or 6722 for failure to comply with the reporting requirements under Code Sections 6055 and/or 6056, as
      applicable.

     

    (g)          Except as set forth on Section 3.17(g) of the Company Disclosure Letter, no payment that is or may be made to any “disqualified individual” (within
        the meaning of Code Section 280G) as a result of the transactions contemplated by this Agreement, either alone or in conjunction with any other payment, event or occurrence, would be reasonably expected to be characterized as an “excess parachute
        payment” under Code Section 280G.

     

    (h)         Each Employee
        Benefit Plan that constitutes a “non-qualified deferred compensation plan” within the meaning of Code Section 409A has at all times complied in all material respects in both form and operation with the requirements of Code Section 409A and all
        applicable regulatory guidance (including notices, rulings and proposed and final regulations) promulgated thereunder.  The Company does not have any obligation to gross up, indemnify or otherwise reimburse any individual for excise taxes, interest
        or penalties incurred pursuant to Code Section 409A or Code Section 4999.

     

    (i)          Except as set forth on Section 3.17(i) of the Company Disclosure Letter, neither the execution and delivery of this Agreement nor the consummation of
        the transactions contemplated hereby (either alone or in combination with the occurrence of any other event) will (i) entitle any Person to any payment, forgiveness of Indebtedness, vesting, distribution, or material increase in compensation or
        benefits under or with respect to any Employee Benefit Plan; or (ii) result in the acceleration of the time of payment, funding or vesting of any compensation or benefit under or with respect to any Employee Benefit Plan.

     

    3.18        Compliance with Laws; Permits.

     

    (a)          Each Company
        Entity is, and has been in the past three years, in compliance in all material respects with all applicable Laws and Orders. No written notice has been received by any Company Entity which remains unresolved, and in the past three years, no Actions
        have been filed against any Company Entity, in either case alleging a material violation of any such Laws or Orders.

     

    (b)          Each Company
        Entity holds all material Permits required in connection with the conduct of its business as currently conducted, and with respect to each: (i) the Permit is in full force and effect; (ii) the applicable Company Entity is in material compliance
        with the terms and conditions of the Permit; and (iii) there has been no suspension, cancellation, modification, revocation or nonrenewal of the Permit pending or, to the Knowledge of the Company, threatened.

     

    3.19          Anti-Bribery; Anti-Corruption. During the last three (3) years, neither any Company Entity nor any of their respective officers or directors or employees, nor to the Knowledge
        of the Company any of their agents, or third party representatives, has, directly or, knowingly, indirectly, in connection with the business of any Company Entity: (i) offered, promised, given, authorized, or agreed to give any financial or other
        advantage or inducement to any Person with the intention of influencing (A) any representative of any foreign, federal, state, provincial or local Governmental Entity, including any representative of a state-owned entity or a public organization,
        in the performance of his or her public functions or (B) any other Person (whether or not such Person is the recipient of the advantage or inducement) to perform his, her or its function improperly, or where the acceptance of such advantage or
        inducement would itself be unlawful, (ii) requested, agreed to receive or accepted any financial or other advantage or inducement where such request, agreement to receive or acceptance would be unlawful, (iii) used any corporate funds for any
        unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity, (iv) made any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign

     

    
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    government official or employee or (v) otherwise taken any action that would constitute a material violation of any Anti-Corruption Laws. During the last three (3) years,
      no Company Entity has received from any Governmental Entity or any other Person any written notice, inquiry, or allegation; made any voluntary or involuntary disclosure to a Governmental Entity; or conducted any internal investigation or audit
      concerning any actual or potential violation or wrongdoing related to applicable Anti-Corruption Laws.

     

    3.20        International Trade; Import/Export Control.

     

    (a)          During the last three (3) years, neither any Company Entity nor any director or officer of a Company Entity (i) has been or is currently (A) a Sanctioned Person, or (B) resident, located or organized in a Sanctioned Country;
        (ii) has engaged or is currently engaging in any business or other dealings with or involving (A) any Sanctioned Country or (B) any Sanctioned Person, in each case in violation of applicable Sanctions Laws; (iii) has materially failed to conduct
        its import, export and reexport transactions and any other transfers in accordance with all applicable Ex-Im Laws; or (iv) has otherwise been in material violation of applicable Sanctions Laws, Ex-Im Laws, or the anti-boycott Laws administered by
        the U.S. Department of Commerce and the U.S. Department of the Treasury’s Internal Revenue Service (collectively, “Trade Control Laws”).

     

    (b)          During the
        last three (3) years, no Company Entity has (i) received from any Governmental Entity or any other Person any written notice, inquiry, or allegation; (ii) made any voluntary or involuntary disclosure to a Governmental Entity; or (iii) conducted any
        internal investigation or audit, in each case concerning any actual or potential violation or wrongdoing related to applicable Trade Control Laws.

     

    3.21        Product Warranties.

     

    (a)         Within the last five (5) years, each product sold or delivered, and each service rendered, by a Company Entity since the adoption of such warranties or guaranties, if applicable, (i) has been in conformity in all material
        respects with all applicable contractual commitments and such express and implied warranties or guaranties and (ii) is in all material respects within the applicable guaranty, warranty or other indemnity terms and conditions with respect thereto,
        and no Company Entity has any material Liability for replacement or repair thereof or other damages or Liabilities in connection therewith. All Company Products have complied in all material respects with all governmental and other mandatory
        requirements and specifications.

     

    (b)         There are no
        asserted claims to return products of any Company Entity by reason of alleged overshipments, defective merchandise, breach of warranty or otherwise outside the ordinary course of business. Neither the execution and delivery of this Agreement nor
        the consummation of the transactions contemplated hereby will trigger any cancellations or withdrawals of accepted and unfilled orders for any Company Product. To the Knowledge of the Company, none of the customers of any Company Entity are
        entitled to any bonus, rebate, setoff, refund or credit from any Company Entity.

     

    (c)          There are no
        existing material Liabilities or Actions arising, or alleged to arise, from any actual or alleged injury to Persons, damage to property or other Loss as a result of the ownership, possession or use of any Company Product. There is no, and there has
        never been any, Action by any Person (including any distributor, wholesaler or manufacturer) pending or, to the Knowledge of the Company, threatened against any Company Entity for the recall (including any voluntary recalls), suspension, seizure or
        market-withdraw of or other similar corrective action with respect to any Company Product.

     

    
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    3.22        Customers and Suppliers.

     

    (a)         Section 3.22(a) of the Company Disclosure Letter lists the ten (10) largest customers by revenue (excluding intercompany sales) (the “Key Customers”) of the Company Entities for each of the fiscal year ended December 31, 2020 and the period beginning on January 1, 2021 and ending on the date of the Latest
        Balance Sheet, and sets forth opposite the name of each such Key Customer the amount and percentage of consolidated revenue attributable to such Key Customer. In the last twelve (12) months, no Key Customer has materially reduced or materially
        altered (in a manner adverse to the Company Entities) its relationship or the terms of its business with the Company Entities, and none of the Company Entities has received written, or to the Knowledge of the Company verbal, notice from any Key
        Customer (i) of any intention to cancel or otherwise terminate of its relationship with the Company Entities, (ii) of any material and adverse change to the terms (whether related to payment, price, discounts or otherwise) with respect to, or
        materially decrease or increase the rate of, buying Company Products, or (iii) of any material claim, dispute or controversy with such Key Customer.

     

    (b)          Section 3.22(b) of the Company Disclosure Letter lists the ten (10) largest vendors, licensors, service providers and other suppliers (measured by
        aggregate spend) (the “Key Suppliers”) of the Company Entities for each of the fiscal year ended December 31, 2020 and the period beginning on January 1, 2021 and ending
        on the date of the Latest Balance Sheet and sets forth opposite the name of each such Key Supplier the amount of expenses attributable to (whether directly or through) such Key Supplier. In the last twelve (12) months, no Key Supplier has
        materially reduced or materially altered (in a manner adverse to the Company Entities) its relationship the terms of its business with the Company Entities, and none of the Company Entities has received written, or to the Knowledge of the Company,
        verbal notice from any Key Supplier (i) of any intention to cancel or otherwise terminate its relationship with the Company Entities or (ii) of any intention to materially change the terms (whether related to payment, price, discounts or otherwise)
        with respect to, or materially decrease or increase the rate of, supplying materials, products or services to any Company Entity, or (iii) of any material claim, dispute or controversy with such Key Supplier.

     

    3.23        Real Property.

     

    (a)          Section 3.23(a)(i) of the Company Disclosure Letter sets forth the address and description of each Owned Real Property. With respect to each Owned Real
        Property: (i) one of the Company Entities (as the case may be) has good and marketable fee simple title to such Owned Real Property, which shall be free and clear of all Liens as of the Closing Date, except Permitted Liens, (ii) except as set forth
        on Section 3.23(a)(ii) of the Company Disclosure Letter, the Company Entities have not leased or otherwise granted to any Person the right to use or occupy such Owned
        Real Property or any portion thereof, and (iii) other than the right of Buyer pursuant to this Agreement, there are no outstanding options, rights of first offer or rights of first refusal to purchase such Owned Real Property or any portion thereof
        or interest therein. Except as set forth on Section 3.23(a)(ii) of the Company Disclosure Letter, no Company Entity is a party to any agreement or option to purchase any
        real property or interest therein.

     

    (b)         Section 3.23(b)(i) of the Company Disclosure Letter sets forth a true and complete list of all Leases for each Leased Real Property and the address of
        each Leased Real Property. The Company has delivered to Buyer a true and complete copy of each Lease. Except as set forth on Section 3.23(b)(ii) of the Company Disclosure Letter,
        with respect to each of the Leases: (A) such Lease is legal, valid, binding, enforceable and in full force and effect, subject to proper authorization and execution of such Lease by the other party thereto and to applicable bankruptcy,

     

    
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    insolvency, reorganization, moratorium and similar laws affecting creditors’ rights generally and to general principles of equity; (B) the Company
      Entities have not subleased, licensed or otherwise granted any Person the right to use or occupy such property subject to such Lease or any portion thereof; (C) the Company Entities have no obligation with respect to any deferred or unpaid rent; (D)
      the Company Entities have timely and validly delivered all extensions due under such Lease; (E) the Company Entities enjoy peaceful and undisturbed possession under such Lease free and clear of all Liens except Permitted Liens, and to the Knowledge
      of the Company, there are no disputes with respect to such Lease; (F) none of the Company Entities is in breach or default under such Lease, and to the Knowledge of the Company, no event has occurred or circumstance exists which, with the delivery of
      notice, the passage of time or both, would constitute such a breach or default, or permit the termination, modification or acceleration of rent under such Lease; and (G) to the Knowledge of the Company, there exists no default by the landlord under
      the terms of the Lease. To the Knowledge of the Company, no part of the Leased Real Property is subject to any pending Action for condemnation or other taking by a Governmental Entity, nor is any such Action threatened in writing.

     

    (c)          The Real Property, and the improvements, buildings and structures thereon (the “Improvements”), (i) constitute all of the
        real property used or operated by the Company Entities in the operation of their respective businesses, (ii) in ordinary good working condition, normal wear and tear excepted, and (iii) to the Knowledge of the
        Company, may continue to be used for the operation of their businesses as currently operated or proposed to be operated.  No written notice of violation of any Law with respect to the use of Real Property and Improvements has been received by any
        Company Entity or the Seller.

     

    (d)          All of the
        Improvements are structurally sound, adequately supported, free from past damage or defects and in good condition in all material respects, normal wear and tear excepted. No Improvement materially encroaches upon any other property and there are no
        material encroachments by other buildings or improvements onto the Real Property and none of the Improvements are located in a flood hazard area.

     

    (e)          All of the
        Real Property and all of the Improvements are serviced by all necessary and adequate utilities which are installed and operating and are sufficient to enable the Real Property and all of the Improvements to continue to be used and operated in the
        manner currently being used and operated in all material respects. All of the Real Property is fully accessible by public roads and, to the Knowledge of the Company, no fact or condition exists that would result in the termination of the current
        access from the Real Property to any presently existing highways and roads adjoining or situated on the Real Property. To the Knowledge of the Company, no Improvement or portion thereof is dependent for its access, operation or utility on any land,
        building or other improvement not included in the Real Property.

     

    (f)          No Company
        Entity owes any money to any architect, contractor, subcontractor or materialmen for labor or materials performed or supplied to or in connection with the Real Property, and there is no construction or other improvement work being done at nor are
        there any construction or other improvement materials being supplied to the Real Property.

     

    
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    3.24        Environmental.

     

    (a)          Except as set
        forth on Section 3.24 of the Company Disclosure Letter:

     

    (i)            each of the Company Entities and the conduct of their businesses are, and for the previous three (3) years have been, in material compliance with all Environmental Laws;

     

    (ii)         no Company Entity has received any unresolved written notice within the past three (3) years from any Governmental Entity or any other Person alleging that any Company Entity is not in compliance with any Environmental Law or is
        responsible for a Release of Hazardous Substance, and there is no Action currently pending and served, or to the Knowledge of the Company, threatened by any Governmental Entity or any other Person against the Company asserting that any Company
        Entity has liability for a Release of Hazardous Substance or noncompliance with Environmental Laws;

     

    (iii)          the Company Entities have and maintain all material Permits required under Environmental Laws for the operation of their businesses and have to the extent necessary timely submitted all applications to renew such Permits;

     

    (iv)        no Company Entity has caused or permitted a Release of Hazardous Substance that requires material remedial action by the Company under Environmental Laws, or has expressly assumed or agreed to assume any material obligation to
        investigate, remediate, abate or otherwise respond to such a Release of Hazardous Substance;

     

    (v)          no Release of any Hazardous Substance has occurred on, at, under, or is affecting any Real Property or any prior location used by any Company Entity, in each case which requires remedial action for which the Company would
        reasonably be expected to have any material liability under Environmental Laws;

     

    (vi)        no Company Entity has disposed of Hazardous Substance at any location listed or proposed for listing on the National Priorities List or similar federal, state or local governmental list of locations for which the investigation,
        remediation or abatement of a Release of Hazardous Substance is required under Environmental Laws, which is reasonably expected to result in material liability of the Company; and

     

    (vii)        other than
        contracts entered in the ordinary course of business, no Company Entity has expressly assumed, undertaken, provided an indemnity with respect to any material Liability of any other Person arising under Environmental Laws with respect to the
        remediation of a known  Release of Hazardous Substance.

     

    (b)          Except as set forth on Section 3.24(b) of the Company Disclosure Letter, all material environmental assessments, audits, reports materially bearing on
        environmental conditions at the current or former facilities, properties, or operations of the Company Entities that were prepared for any Company Entity have been provided to Buyer.

     

    3.25        Affiliate Transactions and Interests.

     

    (a)         Except as set
        forth on Section 3.25 of the Company Disclosure Letter, no officer, director or Affiliate of any Company Entity (other than another Company Entity), or, to the Knowledge
        of the Company, any individual related by blood, marriage or adoption to any such individual or any entity in which any such Person or individual owns any beneficial interest, is

     

    
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    party to any agreement, contract, commitment or transaction with any Company Entity or has any ownership interest in any property (whether tangible or
      intangible) owned or held by any Company Entity (including any Intellectual Property Rights), in each case other than compensation and benefits payable in the ordinary course of business to employees or other individual service providers of a Company
      Entity or with respect to any Employee Benefit Plan or employment agreement.

     

    (b)          No manager,
        officer or director of any Company Entity has any direct or indirect equity interest in, or any contractual relationship with, or serves as a director or advisor to, any business that is, in whole or in part, competitive with any business of any
        Company Entity.

     

    3.26        Officers and Managers; Bank Accounts; Powers of Attorney.

     

    (a)          Section 3.26(a) of the Company Disclosure Letter lists all managers, officers and directors of each Company Entity.

     

    (b)          Section 3.26(b) of the Company Disclosure Letter lists all of the bank accounts of each Company Entity (listing each authorized signatory on such
        accounts and the level of each signatory’s authorization).

     

    (c)          Except as set forth on Section 3.26(c) of the Company Disclosure Letter, no Company Entity has any outstanding power of attorney.

     

    3.27        COVID-19 Subsidy. None of Company Entities has applied for or received a loan pursuant to the Paycheck Protection Program under the CARES Act, nor has any Company Entity
        received any subsidy, rebate or abatement of Taxes, or deferral of Taxes (to the extent not quantified at Closing and included in the definition of Indebtedness) issued or granted by any Governmental Entity pursuant to any economic relief program
        or Law enacted as a result of COVID-19 anywhere in the world, including the Paycheck Protection Program administered by the U.S. Small Business Administration and the CARES Act.

     

    ARTICLE 4

      REPRESENTATIONS AND WARRANTIES OF SELLER

     

    Seller hereby represents and warrants to Buyer as of the date hereof and as of the Closing (except to the extent any such representation or warranty
      expressly relates to an earlier date (in which case as of such earlier date)) as follows:

     

    4.01        Organization and Entity Power. Seller is a limited liability company duly organized, validly existing and in good standing under the laws
        of the State of Delaware. Seller possesses all requisite power and authority necessary to enter into this Agreement and each of the Ancillary Agreements to which Seller is a party, to perform its obligations hereunder and thereunder and to carry
        out the sale of the Purchased Interests and all of the other transactions contemplated hereby and thereby.

     

    4.02        Authorization; Consents and Approvals; No Breach.

     

    (a)        The execution, delivery and performance of this Agreement and each Ancillary Agreement to which Seller is party and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by Seller.
        This Agreement has been, and at the Closing each Ancillary Agreement to which Seller is party shall be, duly executed and delivered by Seller. Assuming the due authorization, execution and delivery of this Agreement by each other party hereto, this
        Agreement constitutes a valid and binding obligation of Seller enforceable in

     

    
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    accordance with its terms, except as limited by the application of bankruptcy, moratorium and other laws affecting creditors’ rights generally and as
      limited by the availability of specific performance and the application of equitable principles. Assuming the due authorization, execution and delivery of this Agreement by each other party hereto, each Ancillary Agreement to which Seller is party,
      when executed and delivered by Seller, shall constitute a valid and binding obligation of Seller, enforceable in accordance with its terms, except as limited by the application of bankruptcy, moratorium and other laws affecting creditors’ rights
      generally and as limited by the availability of specific performance and the application of equitable principles.

     

    (b)          Except for the HSR Approval, Seller is not required to give any notice to, make any filing with, or obtain any authorization, consent, or approval of any Governmental Entity in connection with the execution, delivery and
        performance by Seller of this Agreement or any of the Ancillary Agreements to which it is a party or the consummation of the transactions contemplated hereby and thereby.

     

    (c)          Assuming the
        receipt of the HSR Approval, the execution, delivery and performance of this Agreement and each Ancillary Agreement to which Seller is party, the consummation of the transactions contemplated hereby and thereby and the fulfillment of and compliance
        with the respective terms hereof and thereof by Seller do not and shall not (i) conflict with or result in a breach or violation of, (ii) constitute a default under (whether with or without the passage of time, the giving of notice or both), (iii)
        result in the creation of any Lien upon, or the grant, assignment or transfer to any other Person of any license or other right or interest under, to or in, any Company Interests or any of the assets of the Company pursuant to, (iv) give any third
        party the right to modify, terminate or accelerate, or cause or result in any modification, termination or acceleration of, any obligation, or cause or result in any disclosure, license or making available of any Trade Secrets of the Company under,
        or (v) create any right to payment or any other right (concurrently or with the passage of time and/or upon the occurrence of one or more events or conditions), excluding incentive equity and co-investment agreements, pursuant to the Organizational
        Documents of Seller, any Law to which Seller is subject, or any material contract, agreement or instrument to which Seller is party or bound.

     

    4.03        Title to Purchased Interests. Seller is the sole record and beneficial owner of the Purchased Interests and will deliver at the Closing the Purchased
        Interests free and clear of all Liens (other than Liens (i) arising under the Securities Act and applicable state securities laws or (ii) arising under the Organizational Documents of the Company, or (iii) created or incurred by or at the direction
        of Buyer).

     

    4.04        Litigation. There is no Action pending or, to the knowledge of Seller, threatened against Seller or any of its assets that challenges, or would reasonably be expected to have
        the effect of preventing, delaying, making illegal, or otherwise interfering with, the execution of this Agreement or the consummation of the transactions contemplated hereby. There are no outstanding Orders against Seller or any of its assets.

     

    4.05        Brokerage. Except as set forth on Section 3.14 of the Company
            Disclosure Letter, Seller has no Liability for any brokerage commission, finders’ fee or similar compensation in connection with the purchase and sale of the Purchased Interests or any of the other transactions contemplated by this
        Agreement based on any arrangement or agreement made by or on behalf of Seller or any of its Affiliates for which Buyer or any Company Entity would be liable following the Closing.

     

    
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    ARTICLE 5

        REPRESENTATIONS AND WARRANTIES OF BUYER

     

    Buyer hereby represents and warrants to Seller as of the date hereof and as of the Closing (except to the extent any such representation or warranty
      expressly relates to an earlier date (in which case as of such earlier date)) as follows:

     

    5.01        Organization and Entity Power. Buyer is a corporation validly existing and in good standing under the laws of the State of North Carolina.
        Buyer is qualified to do business in every jurisdiction in which the ownership of its properties or the conduct of its business requires it to be so qualified, except in such jurisdictions where the failure to be so qualified, individually or in
        the aggregate, has not had and would not reasonably be expected to have a material adverse effect on the ability of Buyer to consummate the transactions contemplated hereby.  Buyer possesses all requisite power and authority to own and operate its
        properties, to carry on its business as now conducted and to enter into and carry out the purchase of the Purchased Interests and any of the other transactions contemplated by this Agreement and each of the Ancillary Agreements to which Buyer is a
        party.

     

    5.02        Authorization; No Breach.

     

    (a)          The execution, delivery and performance of this Agreement and each Ancillary Agreement to which Buyer is a party and the consummation of the transactions contemplated hereby and thereby have been duly authorized by Buyer. This
        Agreement has been, and at the Closing each Ancillary Agreement to which Buyer is party shall be, duly executed and delivered by Buyer. This Agreement constitutes a valid and binding obligation of Buyer enforceable in accordance with its terms,
        except as limited by the application of bankruptcy, moratorium and other laws affecting creditors’ rights generally and as limited by the availability of specific performance and the application of equitable principles. Each Ancillary Agreement to
        which Buyer is party, when executed and delivered by Buyer, shall constitute a valid and binding obligation of Buyer, enforceable in accordance with its terms, except as limited by the application of bankruptcy, moratorium and other laws affecting
        creditors’ rights generally and as limited by the availability of specific performance and the application of equitable principles. Except for the HSR Approval and for filings with the Securities and Exchange Commission, Buyer is not required to
        give any notice to, make any filing with, or obtain any authorization, consent or approval of any Governmental Entity in connection with the execution, delivery and performance by Buyer of this Agreement or any of the Ancillary Agreements to which
        it is a party or the consummation of the transactions contemplated hereby and thereby.

     

    (b)          Assuming the
        receipt of the HSR Approval, the execution, delivery and performance of this Agreement and each Ancillary Agreement to which Buyer is a party, the consummation of the transactions contemplated hereby and thereby and the fulfillment of and
        compliance with the respective terms hereof and thereof do not and shall not (i) conflict with or result in a breach or violation of, (ii) constitute a default under (whether with or without the passage of time, the giving of notice or both), (iii)
        result in the creation of any Lien upon, or the grant, assignment or transfer to any other Person of any license or other right or interest under, to or in, any Equity Securities of Buyer or any of the assets of Buyer pursuant to, or (iv) give any
        third party the right to modify, terminate or accelerate, or cause or result in any modification, termination or acceleration of, any obligation of Buyer under the Organizational Documents of Buyer, any Law to which Buyer is subject, or any
        contract, agreement or instrument to which Buyer is party or bound, except for any conflicts, breaches, violations, defaults, modifications, terminations or accelerations or rights of termination or acceleration or to payment as would not,
        individually or in

     

    
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    the aggregate, reasonably be expected to delay or impair Buyer’s ability to consummate the transactions contemplated hereby or by any Ancillary
      Agreement to which Buyer is a party.

     

    5.03        Litigation. There are no Actions pending or, to the knowledge of Buyer, threatened against Buyer or any of its Subsidiaries or any of their respective assets before or by any
        Governmental Entity that (i) individually or in the aggregate, have had or would reasonably be expected to have a material adverse effect on the ability of Buyer to consummate the transactions contemplated hereby or (ii) seek to restrain or
        prohibit or to obtain damages or other relief in connection with the transactions contemplated hereby. There are no outstanding Orders against Buyer or any of its Subsidiaries or any of their respective assets that (x) individually or in the
        aggregate, have had or would reasonably be expected to have a material adverse effect on the ability of Buyer to consummate the transactions contemplated hereby or (y) seek to restrain or prohibit or to obtain damages or other relief in connection
        with the transactions contemplated hereby.

     

    5.04        Sufficient Funds.

     

    (a)          Buyer at the
        Closing will have sufficient cash on hand or other sources of immediately available funds to perform all obligations of Buyer required to be performed at the Closing, including (i) payment of the Estimated Purchase Price and any amounts which, by
        the terms of this Agreement, reduce the proceeds otherwise payable to Seller hereunder, (ii) satisfaction of all the other payment obligations of Buyer contemplated hereunder, and (iii) payment of all of the out-of-pocket costs of Buyer arising out
        of or relating to the consummation of the transactions contemplated by this Agreement.

     

    (b)          Concurrently with the execution and delivery of this Agreement, Buyer has entered into and provided to the Company copies of fully executed debt commitment letters and each executed fee letter referred to therein (provided that
        fee amounts, pricing flex, market flex and other terms may be redacted in a customary manner (but none of which redacted provisions adversely affect the availability of, impose additional conditions on, impair the validity of, or prevent or delay
        the consummation of, the Debt Financing at the Closing)) (including all amendments, exhibits, attachments, appendices, joinders and schedules thereto, the “Debt Commitment Letters”,
        in each case, as the same may be amended, modified or replaced pursuant to the terms thereof) from the Lenders relating to the respective commitments of the Lenders, upon the terms and subject to the conditions set forth therein, to provide Buyer
        with debt financing in the amount set forth therein (the “New Debt Financing”, and together with amounts available to be borrowed under the revolving credit facility in
        the Existing Buyer Credit Agreement (the “RLC Debt Financing”), the “Debt Financing”) for the
        purpose of funding a portion of the transactions contemplated hereby.

     

    (c)          Except as
        expressly set forth in the Debt Commitment Letters there are no conditions (precedent or otherwise, including “market flex” provisions) to the obligations of the applicable counterparties thereto to provide the full amount of the applicable New
        Debt Financing, and no amendments or modifications to the Existing Buyer Credit Agreement shall be required to effect the transactions contemplated by this Agreement (other than to effect the New Debt Financing).  Except as expressly set forth in
        Section 5.02 of the Existing Buyer Credit Agreement, there are no conditions (precedent or otherwise) to the obligations of the applicable counterparties thereto to provide the full amount of the applicable RLC Debt Financing.  Other than the Debt
        Commitment Letters, there are no Contracts (including side letters) between any of the providers of the New Debt Financing or their respective Affiliates, on the one hand, and Buyer or its Affiliates, on the other hand, that adversely affect in any
        material manner the funding of all or any portion of the New Debt Financing necessary to fund, together with the RLC Debt Financing and cash on hand, the Closing Payments other than as expressly contained in the Debt Commitment

     

    
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    Letters and delivered to the Company prior to the execution and delivery of this Agreement.  Other than the Existing Buyer Credit Agreement, there are
      no Contracts (including side letters) between any of the providers of the RLC Debt Financing or their respective Affiliates, on the one hand, and Buyer or its Affiliates, on the other hand, that adversely affect in any material manner the funding of
      all or any portion of the Debt Financing necessary to fund the Closing Payments other than as expressly contained in the RLC Credit Agreement and delivered to the Company prior to the execution and delivery of this Agreement. As of the date hereof,
      each Debt Commitment Letter and the Existing Buyer Credit Agreement (x) (i) is in full force and effect, (ii) is a legal, valid and binding obligation of Buyer and, to the Knowledge of Buyer, of the Lenders party
      thereto, and (iii) is enforceable in accordance with their respective terms against Buyer and, to the Knowledge of Buyer, each of the Lenders party thereto, except to the extent that such enforceability may be limited by the application of
      bankruptcy, moratorium and other laws affecting creditors’ rights generally and as limited by the availability of specific performance and the application of equitable principles (y) each of the Debt Commitment Letters
      has not been withdrawn, rescinded or terminated or otherwise amended or modified in any respect, and no amendment or modification thereof is contemplated (except for any amendment, modification or supplementation to add lead arrangers, bookrunners,
      syndication agents or similar entities which had not executed the Debt Commitment Letters as of the date hereof or other amendments expressly contemplated in the Debt Commitment Letter as in effect on the date hereof), other than the exercise of “market flex” terms expressly provided for in the Debt Commitment Letters and (z) the Existing Buyer Credit Agreement has not been withdrawn, rescinded or terminated or otherwise amended or modified in any respect, and no
      amendment or modification with respect to the availability of funds in respect of the transactions contemplated hereby is contemplated (other than to effect the commitments under the applicable Debt Commitment Letter).  Buyer has fully paid any and
      all commitment fees or other fees in connection with the Debt Commitment Letters or the Existing Buyer Credit Agreement that are payable by it or any of its Affiliates on or prior to the date hereof.

     

    (d)          As of the
        date of this Agreement, Buyer is not, nor, to the Knowledge of Buyer, is any other party to any Debt Commitment Letter, in default or breach (whether or not with the giving of notice, lapse of time or both) and no event, fact or circumstances has
        occurred which, with or without notice, lapse of time or both, would or would reasonably be expected to constitute a default or breach of any Debt Commitment Letters or the Existing Credit Agreement on the part of Buyer or, to Buyer’s Knowledge,
        any other parties thereto under the Debt Commitment Letter or the Existing Credit Agreement, as applicable. As of the date of this Agreement, Buyer has no reason to believe that the Debt Financing will not be
        available and sufficient to fund, together with the RLC Debt Financing and cash on hand the aggregate amounts payable by Buyer on the Closing Date (including as a result of a default or “Event of Default” under the Existing Buyer Credit Agreement)
        pursuant to Article 1 (assuming for the purpose of this Section 5.04 that the conditions contained in Sections 2.1 and 2.2 would be satisfied) and all costs and expenses required to be paid in
        connection with the consummation of the transactions contemplated by this Agreement by Buyer (collectively, “Closing Payments”).  As of the date of this Agreement, Buyer
        does not have any reason to believe that any of the conditions to the Debt Financing contemplated by the Debt Commitment Letters and the Existing Buyer Credit Agreement required to be satisfied by it or any of the Lenders will not be satisfied on a
        timely basis.  As of the date of this Agreement, none of the Lenders has notified Buyer or any of its Affiliates of their intention to terminate all or a portion of the Debt Commitment Letters or the Existing Credit Agreement or not provide the
        Debt Financing in whole or in part, or of any actual or potential breach or default on the part of such Person or any other party to any of the Debt Commitment Letters or Existing Credit Agreement or any actual or potential failure to satisfy any
        condition precedent set forth in any of the Debt Commitment Letters or Existing Buyer Credit Agreement.

     

    
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    (e)          For the
        avoidance of doubt, Buyer expressly acknowledges and agrees that none of its obligations hereunder is conditioned in any manner upon Buyer obtaining any financing (including the Debt Financing).

     

    5.05        Investigation. Buyer acknowledges that Buyer (i) has conducted and is relying on its own investigation and analysis of the Company Entities (including their businesses,
        results of operations, prospects, and condition) in entering into the transactions contemplated hereby and (ii) has such knowledge, sophistication and experience in business and financial matters so as to be capable of conducting such investigation
        and analysis. Buyer is knowledgeable about the industries in which the Company Entities operate and is capable of evaluating the merits and risks of the purchase and sale of the Purchased Interests and any of the other transactions contemplated by
        this Agreement and is able to bear the substantial economic risk of such investment for an indefinite period of time.

     

    5.06        Solvency; Fraudulent Conveyance. Assuming the accuracy of the representations and warranties of the Company in Article 3 and Seller in Article 4, immediately after giving effect to the transactions
        contemplated hereby, Buyer and each of its Subsidiaries (including the Company Entities) shall (i) be able to pay their respective debts as they become due and shall own property which has a fair saleable value greater than the amounts required to
        pay their respective debts when due (including all contingent liabilities), and (ii) have adequate capital to carry on their respective businesses. No transfer of property is being made and no obligation is being incurred in connection with the
        transactions contemplated by this Agreement with the intent to hinder, delay or defraud either present or future creditors of Buyer and its Subsidiaries (including the Company Entities).

     

    5.07        Acquisition for Investment. Buyer is acquiring the Purchased Interests solely for its own account, for investment only and not with a view toward or for sale in connection
        with any distribution thereof in violation of the Securities Act. Buyer understands and agrees that the Purchased Interests have not been registered under the Securities Act or any state, local and non-U.S. securities Laws and may not be sold,
        transferred, offered for sale, pledged, hypothecated or otherwise disposed of without registration under the Securities Act, except pursuant to an exemption from such registration available under the Securities Act, and without compliance with
        state, local and non-U.S. securities Laws, in each case to the extent applicable.

     

    5.08        Brokerage. There are no claims for brokerage commissions, finders’ fees or similar compensation in connection with the purchase and sale
        of the Purchased Interests or any of the other transactions contemplated by this Agreement based on any arrangement or agreement made by or on behalf of Buyer or its Affiliates.

     

    ARTICLE 6

      COVENANTS AND AGREEMENTS

     

    6.01        Access. During the period from the date of this Agreement to the earlier of the Closing and the termination of
        this Agreement in accordance with its terms, the Company shall grant to Buyer and its Representatives reasonable access, during normal business hours and upon reasonable notice, to the senior management personnel, properties, agreements and books
        and records of the Company Entities (including, where applicable, copies thereof), provided that (a) such access does not unreasonably interfere with the normal operations of any Company Entity or involve any environmental sampling or testing or
        any invasive or subsurface investigation, (b) such access is reasonable in light of COVID-19 and in accordance with applicable COVID-19 Measures, provided that the Company Entities shall make reasonable accommodations, including granting remote
        access, to the extent in-person access is materially limited due to COVID-19 Measures, (c) all requests for such access shall be directed to Tom Stokes or such other Person(s) as the Company may designate in writing from time to time (collectively,
        the “Designated

     

    
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    Contacts”), and (d) nothing herein shall require the Company to provide access to, or to
      disclose any information to, Buyer or any of its Representatives to the extent such access or disclosure (1) would waive any legal privilege, (2) would be in violation of applicable Laws or regulations of any Governmental Entity (including the HSR
      Act, any COVID-19 Measures and all other applicable Antitrust Laws) or (3) would reasonably be expected to cause significant competitive harm to the Company if the transactions contemplated by this Agreement are not consummated; provided, that the
      Company shall cooperate with Buyer to attempt to find a way to allow disclosure of such information to the extent doing so would not (in the reasonable judgment of the Company after consultation with counsel) reasonably be likely to violate any Law
      (including any COVID-19 Measures) or result in the loss of such privilege. Buyer agrees and shall cause its employees and Affiliates and instruct its other Representatives to comply with all applicable safety rules and reasonable controls to protect
      the health and safety of employees and service providers of the Company Entities in connection with any access provided pursuant to this Section 6.01. In addition, during
      the period from the date of this Agreement to the earlier of the Closing and the termination of this Agreement in accordance with its terms, and with the prior written consent of the Company, not to be unreasonably withheld or delayed, Buyer and its
      Representatives may contact Key Customers and Key Suppliers provided that Seller or its Representative (i) is present during any substantive discussions with any Key Customer or Key Supplier and (ii) has a reasonably opportunity to approve the agenda
      for such discussions in advance. Except as expressly provided in this Section 6.01, Buyer is not authorized to and shall not (and shall cause its employees and Affiliates
      and instruct its other Representatives not to) contact any officer, director, employee, customer, reseller, distributor, supplier, lessee, lessor or other material business relation of any Company Entity prior to the Closing without the prior written
      consent of the Company; provided that Buyer may contact such Persons solely to the extent in the ordinary course of business and unrelated to (and without reference to) the transactions contemplated by this Agreement. In addition, Buyer shall, and
      shall cause its employees and Affiliates and instruct its Representatives to, abide by the terms of the Confidentiality Agreement with respect to such access and any information furnished to it or its representatives pursuant to this Section 6.01, and Buyer shall be liable to the Company for any failure of any of its Representatives to abide by the terms of the Confidentiality Agreement.

     

    6.02         Conduct of Business. Except as set forth on Schedule 6.02, during the period from the date of this Agreement to the earlier of the Closing and the termination of this Agreement in accordance with
        its terms, except as (a) expressly contemplated by this Agreement, (b) the Company reasonably determines necessary or advisable to comply with COVID-19 Measures (provided, that the Company shall, to the extent reasonably practicable, consult with
        Buyer prior to taking such action that is material) (c) would cause a Company Entity to violate any Law or (d) as consented to in writing by Buyer (which consent shall not be unreasonably withheld, conditioned or delayed), the Company shall (and
        shall cause its Subsidiaries to) (i) conduct their businesses solely in the ordinary course of business in all material respects (including with respect to the payment of Taxes, sales of inventory, collection of receivables, payment of payables,
        acceptance of contractual terms (including with respect to pricing, margins and issuance of discounts) and the making of capital expenditures in accordance with the Company Entities’ budgets as provided to Buyer), (ii) use commercially reasonable
        efforts to preserve substantially intact their businesses, operations, commercial relationships and Intellectual Property Rights and all of their other material assets and properties (real and personal) and (iii) not take any other action which if
        taken from the date of the Latest Balance Sheet until the date of this Agreement would be required to be set forth on Section 3.07 of the Company Disclosure Letter
        (excluding with respect to the last sentence thereof, and, with respect to clause (c) of Section 3.07, excluding any terminations as a result of the expiration of the
        term of such Material Contract in accordance with its terms).

     

    6.03         Efforts; Further Assurances.

     

    (a)          During the period from the date of this Agreement to the earlier of the Closing and the termination of this Agreement in accordance with its terms, subject to the terms of this

     

    
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    Agreement, Buyer, on the one hand, and the Company and the Seller (collectively, the “Seller
          Parties”), on the other hand, shall use their commercially reasonable efforts to cause the other parties’ conditions to Closing to be satisfied and for the Closing to occur as promptly as reasonably practicable.

     

    (b)          From and
        after the Closing, the parties shall execute such further instruments and take such further actions as may reasonably be necessary to carry out the intent of this Agreement.

     

    6.04        Regulatory Act Compliance.

     

    (a)          Buyer and the Seller Parties shall each file or cause to be filed, promptly (but in any event in the case of the initial notification required under the HSR Act, within five (5) Business
        Days) after the date of this Agreement, any notifications or the like required to be filed by Buyer or the Seller Parties, as applicable, under the HSR Act and all other applicable Antitrust Laws with respect to the purchase and sale of the
        Purchased Interests and any of the other transactions contemplated by this Agreement. Buyer will pay 100% of any fees associated with the filings referred to in this Section 6.04(a).

     

    (b)          Buyer and the
        Seller Parties shall make an appropriate response to any requests for additional information made by any Governmental Entities and shall take all actions reasonably necessary (and not omit or fail to take any action reasonably necessary) to cause
        the waiting periods or other requirements under the HSR Act and all other applicable Antitrust Laws to terminate or expire at the earliest possible date and in no event any later than necessary to ensure that the Closing will occur no later than
        the Termination Date (assuming all other conditions to close have been satisfied or will be satisfied at the Closing). Buyer and, with prior written consent of or at the request of Buyer, the Seller Parties, agree to take any and all actions that
        are reasonably necessary or advisable or as may reasonably be required by any Governmental Entity to expeditiously (and in no event later than the Termination Date) consummate the transactions contemplated by this Agreement, including selling,
        licensing or otherwise disposing of, or holding separate and agreeing to sell, license or otherwise dispose of, any entities, assets or facilities; provided, however, that (i) Buyer shall not be required to hold separate, sell, divest or otherwise
        dispose of Buyer or its Affiliates or any assets or equity interests owned by Buyer or its Affiliates, and (ii) Buyer shall not be required to hold separate, sell, divest, dispose of or otherwise take any action with respect to any entities, assets
        or facilities of the Company Entities that (A) generated or represented, in the aggregate, an amount equal to five percent (5%) or more of the Company Entities’ consolidated sales for the twelve (12)-month period ended December 30, 2020 or (B) are
        used or held for use in Buyers’ or the Company Entities’ coatings and cleaning business. For the avoidance of doubt, with regard to any Governmental Entity, none of the Seller Parties, any other Company Entity nor any of their respective
        Subsidiaries or Affiliates shall, without Buyer’s written consent, discuss or commit to any divestiture transaction, or discuss or commit to alter their businesses or commercial practices in any way, or otherwise take or commit to take any action
        that limits Buyer’s freedom of action with respect to, or Buyer’s ability to retain, any of the businesses, product lines or assets (whether tangible or intangible) of, any of the Company Entities or otherwise to receive the full benefits of this
        Agreement.

     

    (c)          Each of Buyer
        and the Seller Parties shall furnish to the other party such necessary information, documents and reasonable assistance as the other party may request in connection with its preparation of any filing or submission which is necessary or advisable
        under the HSR Act or any applicable Antitrust Law, shall keep the other party informed of any communication received from any Governmental Entity related to any filing made pursuant to any Antitrust Law, shall provide
        each other with advance copies and a reasonable opportunity to comment on all material

     

    
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    proposed notices, submissions, filings, applications, undertakings, and information and correspondence proposed to be supplied to or filed with any
      Governmental Entity, except the parties’ initial notification filings under the HSR Act, and shall use best efforts to consult with the other prior to any meetings, by telephone, videoconference or in person, with any Governmental Entity, and Buyer
      and the Seller Parties shall have the right to attend and participate in any such meeting to the extent permitted by the Governmental Entity; provided that materials
      required to be provided pursuant to this section may be redacted to remove references concerning the valuation of the Company; provided further that a party may reasonably designate any competitively sensitive material provided to another party under this section as “Outside Counsel Only.”

     

    (d)          During the
        period from the date of this Agreement and continuing until the earlier of the termination of this Agreement or the Closing, except as required by this Agreement, Buyer and its Affiliates shall not engage in any action, or enter into any
        transaction or permit any action to be taken or transaction to be entered into, that would materially impair or materially delay Buyer’s ability to consummate the transactions contemplated by this Agreement or perform its obligations hereunder.
        Without limiting the generality of the foregoing, none of Buyer, its Subsidiaries or their respective Affiliates shall acquire (whether by merger, consolidation, stock or asset purchase or otherwise), or agree to so acquire, any material amounts of
        assets of or any equity in any other Person or any business or division thereof, unless that acquisition or agreement would not reasonably be expected to (x) materially increase the risk of not obtaining any authorizations, consents, orders,
        declarations or approvals of any Governmental Entity necessary to consummate the transactions contemplated by this Agreement or the expiration or termination of any waiting period under the HSR Act or other applicable Antitrust Law, or (ii)
        materially increase the risk of any Governmental Entity entering an Order prohibiting the consummation of the transactions contemplated by this Agreement, or increase the risk of not being able to remove any such Order on appeal or otherwise.

     

    (e)          Notwithstanding
        anything in this Agreement to the contrary, Buyer, Seller Parties, or the Company shall not be required to take any action, or commit to take any action, or agree to any condition or limitation contemplated in this Section 6.04 that is not conditioned on the consummation of the transactions contemplated hereby.

     

    6.05        Distribution of Cash and Cash Equivalents. Notwithstanding any other provision to the contrary contained in this Agreement, prior to the Adjustment Calculation Time, Seller
        shall be entitled to receive from the Company Entities, by way of dividends, distributions, return of capital or otherwise, all cash and cash equivalents owned or held by or for the benefit of the Company Entities prior to and as of the Adjustment
        Calculation Time, and to use such cash and cash equivalents to pay or repay any liabilities of the Company Entities (including amounts owed under the Credit Facility), provided that no such dividend, distribution, return of capital or action
        results in any Liability for Taxes being imposed on or with respect to any Company Entity.

     

    6.06         Press Releases and Announcements. The parties hereto agree that, from the date hereof through the Closing Date, except as
        required or expressly contemplated by this Agreement, no public release or announcement concerning this Agreement or the transactions contemplated hereby shall be issued or made by or on behalf of any party without the prior consent of the other
        party (which shall not be unreasonably withheld), except that (x) subject to reasonable prior consultation with Buyer, each of the Company Entities may make announcements from time to time to their respective employees, customers, resellers,
        distributors and suppliers and (y) each of the parties hereto may make announcements from time to time as is necessary to comply with applicable Law (including the rules and regulations of, or pursuant to any agreement of, a stock exchange or
        trading system). The parties hereto agree to keep the terms of this Agreement confidential, except to the extent and to the Persons to whom disclosure is required by applicable

     

    
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    Law (including the rules and regulations of, or pursuant to any agreement of, a stock exchange or trading system) or for purposes of compliance with Tax and financial
      reporting obligations; provided, that (i) the parties hereto may disclose such terms to their respective employees, accountants, advisors and other representatives as necessary in connection with the ordinary conduct of their respective businesses
      (so long as such Persons agree to, or are bound by contract or fiduciary obligations to, keep the terms of this Agreement confidential and so long as the parties shall be responsible to the other parties hereto for breach of this Section 6.06 or such confidentiality obligations by the recipients of its disclosure), and (ii) Trive Capital Holdings, LLC and its Affiliates may disclose such terms and the
      existence of this Agreement and the transactions contemplated hereby to its Affiliates in order that such Persons may provide customary information about the subject matter of this Agreement and the transactions contemplated hereby to their
      respective limited partners and prospective limited partners, including in connection with their fundraising and reporting activities.

     

    6.07        Confidentiality. Buyer acknowledges that all information provided to it and to any of its Affiliates or any of their respective
        Representatives by the Company and its Affiliates or any of their respective Representatives (including pursuant to Section 6.01) is subject to the terms of that certain
        Confidentiality Agreement, dated as of June 24, 2021, by and between EnPro Industries, Inc. and the Company (the “Confidentiality Agreement”), the terms of which are
        hereby incorporated into this Agreement by reference; provided, that if there is any inconsistency between the terms of this Agreement and the terms of the Confidentiality Agreement, then the terms of this Agreement shall control and govern to the
        extent of such inconsistency. The Confidentiality Agreement shall terminate concurrently with the Closing without further action by any party.

     

    6.08        Employee Benefits Matters.  For not fewer than twelve (12) months following the Closing Date, Buyer will provide (or cause to be provided) to each of the employees of the Company Entities on the Closing Date (each, a “Continuing Employee”), while employed by Buyer, any of its Affiliates or any Company Entity following the
        Closing Date, (i) base salary or hourly wages and bonus opportunities no less favorable than the base salary or hourly wages and bonus opportunities
        provided to such Continuing Employee immediately prior to the date hereof and (ii) other employee benefits (excluding equity-based compensation) that are substantially comparable, in the aggregate, to the employee
        benefits provided to the Continuing Employees immediately prior to the date hereof (excluding equity-based compensation). Buyer shall credit under the employee benefit plans of the
        Buyer or its Subsidiaries (“Buyer Plans”), if applicable, all service by each Continuing Employee with the Company or any of its Subsidiaries (or predecessors thereof)
        prior to the Closing Date for all purposes to the same extent such service was recognized by the Company Entities (or predecessors thereof) as of the Closing Date, except, in each case, to the extent such treatment
        would result in a duplication of benefits or compensation. Buyer shall use commercially reasonable efforts to cause (x) to be waived under any Buyer Plan all pre-existing condition
        exclusion and actively-at-work requirements and similar limitations, eligibility waiting periods and evidence of insurability requirements under any Buyer Plan to the same extent such conditions were waived or not applicable under the corresponding Employee Benefit Plan and (y) any covered expenses incurred prior to the Closing Date by any Continuing Employee (or covered spouse or
        dependent thereof) for the plan year in which the Closing Date occurs, unless the Closing Date is the last day of such plan year, to be credited for purposes of satisfying applicable deductible, coinsurance and maximum out-of-pocket provisions
        after the Closing Date under any Buyer Plan. Nothing in this Section 6.08, express or implied, shall confer upon any Person other than the
        parties to this Agreement and their respective permitted successors and assigns any legal or equitable rights or remedies of any nature whatsoever (including any third-party beneficiary rights) with respect to the provisions of this Section 6.08. In addition, nothing in this Section 6.08 shall be
        treated as an amendment or other modification of any employee benefit plan or limit the right of Buyer to terminate any employee at any time and for any reason.

     

    
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    6.09        Director and Officer
          Indemnification and Insurance.

     

    (a)        The Company shall not, and shall not permit any Company Entity to, amend, repeal or modify in a manner adverse to the beneficiary thereof any provision in such Company Entity’s Organizational Documents or in any agreement
        relating to the exculpation or indemnification of, or the advancement of expenses to, former officers and directors as in effect immediately prior to the Closing.

     

    (b)          At or prior to the Closing, Buyer shall purchase one or more non-cancellable “tail” insurance policies for the Company with claims periods of at least six (6) years following the Closing, and
        with substantially equivalent coverage and amounts as, and containing terms no less favorable, in the aggregate, to the former officers and directors of the Company Entities than the Company’s director and officer liability insurance as of the date
        of this Agreement, including coverage for acts and omissions of the individuals who were officers and/or directors of the Company or any Subsidiary (in such capacities) prior to the Closing with respect to matters arising at or prior to the
        Closing; provided, however, that in no event shall Buyer be required to pay an annual
        premium for such policies in excess of 200% of the last annual premium paid prior to the date of this Agreement.

     

    (c)          In the event that the Company or any of its Subsidiaries or any of their respective successors or assigns (i) consolidates with or merges into any other Person or (ii) transfers all or substantially all of its properties or
        assets to any Person, then, and in each case, the successors and assigns of the Company or its Subsidiary, as the case may be, shall expressly assume and be bound by the obligations set forth in this Section 6.09.

     

    (d)          The
        obligations of Buyer and its Subsidiaries under this Section 6.09 shall not be terminated or modified in such a manner as to adversely affect
        any Person to whom this Section 6.09 applies without the consent of such affected Person.

     

    6.10        Transfer Taxes. All transfer, property, documentary, sales, use, stamp, registration and other such taxes, and all
        conveyance fees, recording charges and other similar fees and charges incurred in connection with the consummation of the purchase and sale of the Purchased Interests and the other transactions contemplated by this Agreement (collectively, “Transfer Taxes”) shall be paid 50% by Buyer and 50% by Seller. For the avoidance of doubt, Transfer Taxes shall not include any income, franchise, gross receipts or similar
        Taxes.

     

    6.11        Exclusivity. From the date hereof and until the earlier of the Closing Date and the date that this Agreement is terminated in accordance
        with its terms, neither Seller nor any of the Company Entities shall (and each such Person shall cause their respective employees and Affiliates and instruct their other Representatives not to) solicit, knowingly encourage, initiate or engage in
        discussions or negotiations with, or provide information to, enter into any agreement with, or furnish any confidential information to any Person (other than Buyer and its Representatives), in each case, concerning any purchase of any of the
        Company’s Equity Securities or any merger, sale of substantial assets, or similar transaction involving a Company Entity (each, an “Acquisition Transaction”). Seller and
        the Company Entities shall cease, and cause their respective Affiliates and Representatives to cease, and cause to be terminated any and all existing activities, discussions or negotiations with any Person (other than Buyer and its Affiliates)
        conducted prior to or on the date hereof with respect to any Acquisition Transaction. In the event that Seller, any Company Entity or any of their respective Affiliates or Representatives receives an Acquisition Transaction proposal after the date
        hereof and until the earlier of the Closing Date and the date that this Agreement is terminated in accordance with its terms, Seller or the Company shall provide the Buyer with

     

    
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    prompt written notice thereof, which notice shall include the terms of, and the identity of the Person or Persons making, such Acquisition Transaction proposal.

     

    6.12        Expenses. If this Agreement is terminated prior to consummation of the Closing, then each party hereto shall pay all fees and expenses incurred by such
        party in connection with this Agreement and the transactions contemplated hereby or otherwise required by applicable Law.

     

    6.13       
      Certain Post-Closing Access Provisions.

     

    (a)          For a period of seven (7) years after the Closing Date, Buyer shall use commercially reasonable efforts to preserve and retain, or to cause the Company Entities to preserve and retain and maintain all material corporate,
        accounting, legal and Tax books and records of the Company Entities relating to the conduct of the business and operations of the Company Entities prior to the Closing Date.  Notwithstanding the foregoing, if Buyer desires to destroy or dispose of
        any such books or records during such period, it shall first provide written notice to Seller offering to Seller possession or transfer of such books and records, subject to a customary written confidentiality agreement (which offer must be
        accepted within thirty (30) days after receipt thereof or it will be deemed to have been rejected, in which case Buyer shall be permitted to proceed with the destruction or disposal described in its notice).

     

    (b)          After the Closing Date, except as is necessary to comply with any applicable Laws or preserve the attorney-client privilege, other legal privilege or contractual confidentiality obligations (the “Access Exceptions”), Buyer shall cause the Company and its Subsidiaries to permit Seller (and its counsel, advisors, agents or other representatives reasonably requiring
        such access in light of the purpose therefor) to have reasonable access, during normal business hours and on reasonable advance notice, to the extent reasonably required by Seller in connection with its accounting, Tax or legal defense needs or as
        otherwise reasonably requested, to, and to inspect and copy (including in electronic form), all materials referred to in this Section 6.13 and reasonably related to such
        purpose; provided, however, that Seller and its representatives will agree in advance to a
        customary confidentiality agreement with respect to such information and provided, further,
        that such access shall not unreasonably interfere with the business, personnel or operations of Buyer, the Company Entities or any of their respective Affiliates. In the event Buyer withholds any information hereunder as a result of the Access
        Exceptions, Buyer shall inform Seller of such fact and describe the information being so withheld and if requested by Seller, Buyer will use commercially reasonable efforts to provide extracts or summaries of the protected information or otherwise
        provide such information in a manner that would not jeopardize the applicable protection or privilege or contravene the applicable contract or Law.

     

    6.14        Code Section 280G..  With respect to each “disqualified individual” (as defined in Code Section 280G(c)), prior to the Closing,
        the Company shall use its commercially reasonable efforts to seek to have any such disqualified individual waive any payments or economic benefits pursuant to any Employee Benefit Plan and/or any agreement entered into by Seller or a Company Entity
        and such disqualified individual prior to the Closing to which such disqualified individual is entitled in connection with the purchase and sale of the Purchased Interests and the other transactions contemplated by this Agreement that would be
        reasonably likely to constitute a “parachute payment” (as defined in Code Section 280G(b)) with respect to such disqualified individual (such waived payments or benefits, the “Waived Benefits”). If any disqualified individual waives his or her
        rights to payments or economic benefits as described in the previous sentence, the Company shall thereafter use commercially reasonable efforts to seek to obtain stockholder approval for the Waived Benefits with respect to such disqualified
        individual in accordance with the requirements of Code Section 280G(b)(5)(B) and in a manner that satisfies the applicable requirements of Code Section 280G(b)(5)(B) and any regulations promulgated thereunder;

     

    
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    provided that in no event shall this Section 6.14 be construed to require the Company to
      compel any Person to waive any existing rights under any contract or agreement that such Person has with the Company, and in no event shall the Company be deemed in breach of this Section
          6.14 if any such Person refuses to waive any such rights or such stockholder approval is not obtained. Within a reasonable period of time before taking such actions, the Company shall deliver to Buyer for review and comment copies of
      any documents or agreements necessary to effect this Section 6.14, including, but not limited to, any stockholder consent form, disclosure statement, or waiver, and the
      Company shall consider in good faith all comments received from Buyer on such documents or agreements. Notwithstanding the foregoing, to the extent that any contract, agreement, plan or arrangement is entered into (or planned to be entered into) by,
      or at the direction of, Buyer or any of its Affiliates and a disqualified individual in connection with the transactions contemplated by this Agreement at or prior to the Closing (the “Buyer
          Arrangements”), Buyer shall provide a copy of such contract, agreement, plan or arrangement to the Seller Parties at least fifteen (15) days before the Closing and shall cooperate with the Seller Parties in good faith in order to
      calculate or determine the value (for the purposes of Code Section 280G) of any payments or benefits granted or contemplated therein that could constitute, individually or in the aggregate with other payments and/or benefits, “parachute payments”
      under Code Section 280G; provided that, in any event, the Company’s failure to include the Buyer Arrangements in the stockholder approval materials described herein, for any reason, will not result in a breach of the covenants set forth in this Section 6.14.

     

    6.15        Consents.  Buyer acknowledges that certain consents to the transactions contemplated by this Agreement may be required from parties to contracts, leases, licenses or other
        agreements to which the Company and/or its Subsidiaries is a party (including Material Contracts) and such consents have not been obtained and may not be obtained. Buyer agrees that neither Seller nor any of its Non-Recourse Parties shall have any
        liability whatsoever to Buyer (and Buyer shall not be entitled to assert any claims) arising out of or relating to the failure to obtain any consents that may have been or may be required in connection with the transactions contemplated by this
        Agreement or because of the default, acceleration or termination of or loss of right under any such contract, lease, license or other agreement as a result thereof. Buyer further agrees that no representation, warranty or covenant of the Company
        contained herein shall be breached or deemed breached and no condition of Buyer shall be deemed not to be satisfied as a result of the failure to obtain any consent or as a result of any such default, acceleration or termination or loss of right or
        any lawsuit, action, claim, proceeding or investigation commenced or threatened by or on behalf of any Person arising out of or relating to the failure to obtain any consent or any such default, acceleration or termination or loss of right (or any
        lawsuit, action, claim, proceeding or investigation commenced or threatened by, or on behalf of, any Person arising as a result thereof, or relating thereto).  At Buyer’s written request prior to the Closing, the Company shall cooperate with Buyer
        in any reasonable manner in connection with Buyer obtaining any such consents; provided that such cooperation shall not include any requirement of the Company or any of its Affiliates to expend more than $10,000, commence any litigation or
        arbitration proceeding, or waive or surrender any material right, materially modify any agreement (including any Material Contract) or offer or grant any other material accommodation or concession (financial or otherwise) to any third party or
        otherwise suffer any material detriment.

     

    6.16        RWI Policy.  (a) All premiums, underwriting fees, brokers’ commissions and other costs and expenses related to the R&W Insurance Policy shall be borne solely by Buyer or
        its Affiliate, (b) such RWI Policy shall not provide for any “seller retention” (as such phrase is commonly used in the RWI Policy industry) required to be paid by Seller, (c) Buyer shall provide Seller a reasonable opportunity to review the
        R&W Insurance Policy and provide reasonable comments in advance of binding coverage, (d) the R&W Insurance Policy shall expressly waive any claims of subrogation (except in the case of any recovery under such R&W Insurance Policy
        resulting from Fraud), (e) Seller and its Non-Recourse Parties shall be intended third party beneficiaries of the waiver of subrogation provisions of the R&W Insurance Policy, and (f) none of Buyer or any of its Affiliates shall amend, waive,
        modify or otherwise revise the R&W Insurance Policy in any manner inconsistent with the foregoing.

     

    
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    6.17        Financing.

     

    (a)          Prior to the Closing, the Company Entities shall provide at Buyer’s sole cost and expense, such commercially reasonable cooperation in connection with the arrangement of the Debt Financing, the proceeds of which shall be used by
        Buyer to consummate the transaction contemplated hereby as may be reasonably requested by Buyer, which shall consist of using commercially reasonable efforts to (i) make appropriate officers, including officers with appropriate seniority and
        expertise, available for participation in, upon reasonable advance notice and at mutually agreeable times, a reasonable number of meetings, conference calls, lender due diligence presentations, sessions with rating agencies or other customary
        syndication activities, (ii) subject to the Confidentiality Agreement, furnish Buyer and Buyer’s lenders as soon as reasonably practicable after the date hereof with all financial statements and financial and operating information regarding the
        Company Entities to be used in the preparation of one or more information packages regarding the business, operations, financial projections and prospects of the Company Entities customary or reasonably necessary for the syndication of the Debt
        Financing, (iii) assist with the preparation, execution and delivery of any loan agreement, customary guarantees, pledge and security agreements, notes and other definitive financing documents as may be reasonably requested by Buyer (provided, that no obligation of the Company Entities under any such document or agreement shall be effective until the Closing), and provide Buyer with any information
        reasonably necessary to complete customary closing and perfection certificates as may be required in connection with the Debt Financing and other customary documents in connection therewith as may be
        reasonably requested by Buyer; (iv) assist with the preparations for the provision of, and obtaining of guarantees and the pledging of collateral and delivering original certificates with respect to all certificated securities (with transfer powers
        executed in blank), provided that no such guarantee or pledge will be effective until the Closing, (v) provide, at least five (5) Business Days prior to the Closing, all documentation and other information required by bank regulatory authorities
        under applicable “know-your-customer”, anti-money laundering rules and regulations, including the PATRIOT Act, reasonably requested by Buyer in writing at least ten (10) Business Days prior to the Closing, including a certification in relation to
        any Company Entity regarding individual beneficial ownership to the extent required by 31 C.F.R. §1010.230, (vi) facilitate the taking of all corporate, limited liability company or similar actions reasonably requested by Buyer to permit the
        consummation of the Debt Financing and to permit the proceeds thereof to be made available to the Company at the Closing, (vii) as promptly as reasonably practicable (A) furnish Buyer with the Required Financing Information and (B) inform Buyer if,
        to the Knowledge of the Company, there are facts that would likely require the restatement of any financial statements comprising Required Financing Information for such financial statements to
        comply with GAAP, (viii) provide information required for Buyer to prepare pro forma financial information and projections required to be delivered in connection with the Debt Financing (provided that Seller and the Company Entities shall have no obligation to prepare or provide any pro forma financial statements or projections), (ix) assist Buyer in obtaining corporate and facilities ratings in
        connection with the Debt Financing and reasonably cooperate with the marketing efforts of Buyer and Buyer’s lenders (it being understood and agreed that no particular rating shall be required), (x) if required, request the Company’s independent
        accountants to agree to the use of their audit reports relating to the Company Entities in connection with the syndication of the New Debt Financing, (xi) periodically update any Required
        Information provided to Buyer as may be necessary so that such Required Information is Compliant, and (xii) cooperate in the prepayment and termination of
        Indebtedness of the Company and release of Liens in connection therewith substantially concurrently with, and contingent upon the occurrence of, the Closing. Notwithstanding the foregoing, nothing in this Agreement (including this Section 6.17) will require any such cooperation or efforts to the extent that it would (A) unreasonably interfere with the ongoing business or operations of any Company
        Entity, (B) cause any representation or warranty

     

    
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    in this Agreement to be breached by the Company or Seller, (C) conflict with the Organizational Documents of any Company Entity or any applicable Law
      or Order, (D) result in the contravention of, or that could reasonably be expected to result in a violation or breach of, or a default (with or without notice, lapse of time, or both) under, any Material Contract, (E) provide access to or disclose
      information that the Company determines could, in the Company’s reasonable discretion, result in the waiver of any privilege, violate any Law or breach any duty of confidentiality owed to any Person (provided that Company shall (at the Buyer’s sole
      cost and expense) use commercially reasonable efforts to (i) provide such access as can be provided (or otherwise convey such information regarding the applicable matter as can be conveyed) without violating or breaching, as applicable, such
      privilege, Law or duty or (ii) provide such information in a manner without violating or breaching, as applicable, such privilege, Law or duty), (F) require any Company Entity or any individual who is a member of the board of directors (or other
      similar governing body) (other than persons that are continuing in such role, and only to the extent such are effective contingent on the consummation of the Closing) of any Company Entity to pass resolutions or consents to approve, or authorize the
      execution of, the Debt Financing or any definitive documentation related thereto, (G) require any Company Entity to enter into any contract (except notices of prepayment and customary authorization letters), with respect to the Debt Financing that is
      effective prior to the Closing or that would be effective if the Closing does not occur or (H) require any Company Entity to provide solvency or similar certificate of the chief financial officer or similar representative of any Company Entity;
      provided, further, that (v) no personal liability shall be imposed on any of the directors, officers, managers, employees or other representatives of the any Company Entity involved in the foregoing cooperation or efforts, (w) the Company Entities
      will not be required to authorize any corporate action of such Company Entity that would become effective or operative prior to the Closing, (x) the Company Entities will not be required to pay any commitment or other fees or otherwise incur any
      other expenses (except in connection with the performance of their obligations hereunder and subject to Section 6.17(b) below), liabilities or obligations in connection
      with the Debt Financing prior to the Closing, (y) the Company Entities will not be required to prepare any projections or pro forma financial statements and (z) the Company Entities will not be required to deliver or cause to be delivered any opinion
      of counsel in connection with the Debt Financing.

     

    (b)          Buyer will promptly, upon request by the Seller or the Company, (1) reimburse the Company Entities on an as-incurred basis for any reasonable and documented out-of-pocket costs or expenses incurred or otherwise payable by the
        Company Entities in connection with their cooperation or efforts pursuant to this Section 6.17 and (2) indemnify, defend and hold harmless the Company Entities, their
        representatives, successors and permitted assigns of each of the foregoing Persons from and against any and all liabilities, losses, damages, claims, costs, expenses, interest, awards, judgments and penalties actually suffered or incurred by them
        in connection with the cooperation or efforts pursuant to this Section 6.17 or otherwise in complying with their obligations in connection with the arrangement of the
        Debt Financing (including actions taken in accordance with this Section 6.17) or any information utilized in connection therewith except to the extent such liabilities,
        losses, damages, claims, costs, expenses, interest, awards, judgments or penalties arise from the willful and material breach of the provisions contained in Section 6.17(a)
        or result from the gross negligence, bad faith or willful misconduct of the Seller or any Company Entity or any of their respective representatives (acting on any such Person’s behalf pursuant to this Section 6.17).

     

    (c)         Buyer shall
        use commercially reasonable efforts to, or cause each of its Affiliates to use commercially reasonable efforts to, take all actions and do, or cause to be done, all things reasonably necessary to consummate the Debt Financing in full at the Closing
        on the terms set forth in the applicable Debt Commitment Letter, including: (i) maintain in full force and effect the Debt

     

    
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    Commitment Letters and the Existing Credit Agreement; (ii) preparing and negotiating the definitive agreements with
      respect to the Debt Financing consistent with the terms and conditions contained in the Debt Commitment Letters, or on such other customary terms, in each case, which terms shall not in any respect expand on the conditions to the funding of the Debt
      Financing at the Closing or otherwise materially delay, prevent or otherwise adversely affect the consummation of the transaction contemplated by this Agreement and (iii) satisfy on a timely basis (or obtain waivers of)
      all conditions precedent to the funding of the Financing applicable to Buyer set forth in the Debt Commitment Letters and the Existing Credit Agreement that are within Buyer’s control.

     

    (d)          If any
        portion of the Debt Financing becomes unavailable on the terms and conditions (including any applicable “market flex” provisions) contemplated by the Debt Commitment Letter or the Existing Credit Agreement, and such portion is necessary to pay the
        Closing Payments, Buyer shall (i) promptly notify the Company and Buyer shall use its commercially reasonable efforts to obtain alternative financing from the same or alternative financing sources, in an amount sufficient to make the Closing
        Payments in full and consummate the transactions contemplated by this Agreement, as promptly as practicable following the occurrence of such event and (ii) deliver to the Company true and complete copies of all contracts, agreements or other
        arrangements pursuant to which any such alternative source shall have committed to provide any portion of the Debt Financing; provided, that Buyer shall not be required to (x) seek equity financing from any source, (y) pay any fees or expenses in
        excess of those contemplated by the Debt Commitment Letter or Existing Buyer Credit Agreement as in effect on the date hereof or (z) obtain financing which (in the reasonable judgment of Buyer) includes terms and conditions materially less
        favorable (taking into account any “market flex” provisions), taken as a whole, to Buyer, in each case relative to those in the Debt Financing being replaced.

     

    (e)          Buyer shall
        provide the Company prompt notice (i) upon becoming aware of any material breach, default, repudiation, cancellation or termination (or any event or circumstance that, with or without notice, lapse of time or both,
        would reasonably be expected to give rise to any material breach or default) by any party to any Debt Commitment Letter, the Existing Credit Agreement or such other definitive agreements or documents (including any definitive agreements) relating
        to the Debt Financing or any termination of any Commitment Letter or such other agreements or documents (including any definitive agreements) relating to the Financing, (ii) upon receipt by Buyer of any written notice or other written communication
        of any actual or alleged default, repudiation, cancellation or termination (including any proposal by any Lender or other Person to withdraw, terminate or make a material change in the terms of (including the amount of Debt Financing contemplated
        by) the Debt Commitment Letter or the Existing Buyer Credit Agreement), in each case, in any manner which materially impairs, delays or prevents the consummation of the transactions contemplated by this Agreement.

     

    (f)          Buyer
        expressly acknowledges and agrees that (i) obtaining any financing is not a condition to the Closing and (ii) Buyer’s obligations hereunder are not conditioned in any manner upon Buyer obtaining any financing. Notwithstanding anything to the
        contrary in this Agreement, the conditions to Buyer’s obligation to close in Section 2.02 as it applies to the Company’s obligations under this Section 6.17 or otherwise with respect to the Debt Financing shall be deemed satisfied unless the Debt Financing (or any alternative financing) has not been obtained primarily as a result of
        the Company’s material, and intentional or willful, breach of its obligations under this Section 6.17.

     

    6.18        Buyer Parent Filing. Prior to the Closing, the Company shall, and shall cause its Subsidiaries to, provide to Buyer Parent cooperation
        reasonably requested by Buyer Parent in connection with the preparation of consolidated financial statements of the Company and its Subsidiaries required to

     

    
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    be filed by Buyer Parent on Form 8-K of the Securities and Exchange Commission following the Closing, including furnishing Buyer Parent as promptly as reasonably
      practicable and as reasonably requested by Buyer Parent with all consolidated financial statements and other pertinent information related solely to the Company and its Subsidiaries as are required under Rule 3-05 of Regulation S-X of the Securities
      and Exchange Commission, including required audit reports, and such other financial information of the Company and its Subsidiaries as may be reasonably requested by Buyer Parent for the preparation of pro forma financial information required under
      Article 11 of Regulation S-X of the Securities and Exchange Commission; provided, nothing in this Section 6.18 or otherwise in this Agreement shall require (i) the
      preparation of any financial statement in form not customarily prepared by the Company Entities or projections or pro forma financial information, or (ii) the delivery of any financial information with respect to a fiscal period that has not yet
      ended or has ended less than forty-five (45) days after the end of the fiscal period in the case of quarterly financial statements and 90 days after the end of the fiscal year for annual financial statements, or, other than as otherwise set forth in
      this clause (ii), any financial or other information that is not historical and reasonably available to the Company Entities. Notwithstanding anything to the contrary in this Agreement, the conditions to Buyer’s obligation to close in Section 2.02 as it applies to the Company’s obligations under this Section 6.18 shall be deemed
      satisfied unless Company has materially, and intentionally or willfully, breached its obligations under this Section 6.18.

     

    6.19        Transaction Tax Deductions, Tax Covenants.

     

    (a)         Buyer and Seller agree that any Transaction Tax Deductions shall be for the benefit of Seller and shall be deductible for income Tax purposes either by Seller or, to the extent permitted by applicable law, the Company and its
        Subsidiaries; provided however, such amounts shall be for the benefit of the Seller or the Company and its Subsidiaries only with respect to the Pre-Closing Tax Period. The fee payable to Evercore and any other general fees related to the
        transactions contemplated by this Agreement, shall be allocated between (and deductible by) NxEdge, Inc. and Seller based on the portion of the total purchase price that is allocable to NxEdge, Inc. as determined and set forth in the Allocation
        Methodology.  Any transaction bonuses shall be deductible by the Company Entity that is the employer of the recipient of such amount as permitted by applicable law and subject to its determination as a Transaction Tax Deduction.

     

    (b)          Buyer and the
        Company Entities shall pay over to Seller any refund of income Taxes paid (or credit as a result of Taxes paid) in respect of a Pre-Closing Tax Period either within thirty (30) days of receiving a cash Tax refund or within thirty (30) days of
        filing a Tax Return claiming an offset against Taxes otherwise due and payable. No Company Entity will waive any carryback of any net operating loss, capital loss or credit on any Tax Return for a Pre-Closing Tax Period. Buyer will cause the
        Company Entities to elect to carry back any item of loss, deduction or credit from a Pre-Closing Tax Period to prior taxable years to the fullest extent permitted by Law, and Buyer will prepare and file, or cause to be prepared and filed, any claim
        for refund resulting from such carryback.  Buyer shall request a refund (rather than a credit against future income Taxes) with respect to all Pre-Closing Tax Periods and shall take all steps reasonably required to apply for and obtain any Tax
        refund or credit.  The reasonable out-of-pocket expenses, including any third-party fees, related to obtaining any such refunds shall be at the sole expense of Seller, which expenses shall be payable within thirty (30) days after Buyer or any
        Company Entity provides the evidence of any such expenses.

     

    (c)          Buyer shall timely file or cause to be timely filed when due (taking into account all extensions properly obtained) all Tax Returns that are required to be filed by or with respect to any
        Company Entity after the Closing Date, and Buyer shall remit or cause to be remitted any Taxes due and payable as shown on such Tax Returns. With respect to any Tax Returns described in the preceding sentence that are
        with respect to Pre-Closing Tax Periods and for which Seller may be

     

    
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    liable for as deduction for Taxes to the Purchase Price, including for Working Capital or Indebtedness as finally determined or with respect to which
      Buyer may be entitled to a refund pursuant to Section 6.19(b), Buyer shall prepare or cause to be prepared such Tax Returns in a manner that is consistent with the past customs, practices, and tax accounting methods, in accordance with applicable
      law, of the Company Entities and consistent with this Section 6.19, and provide to Seller drafts of each such Tax Return that is an income Tax Return or that reflects a
      material amount that may impact the amounts due to Seller hereunder for Seller’s review, comment, and consent (not to be unreasonably withheld, conditioned, or delayed) no later than thirty (30) calendar days before the filing date for each such Tax
      Return. Any Taxes for a Company Entity for any Straddle Period will be allocable to the Pre-Closing Tax Period portion of such Straddle Period as follows: (i) in the case of any Taxes based on or measured by income, receipts or profits, Taxes
      allocable to the Pre-Closing Tax Period portion will be determined based on an interim closing of the books as of the end of the Closing Date and (ii) the amount of other Taxes for a Straddle Period that relates to the Pre-Closing Tax Period portion
      will be deemed to be the amount of such Tax for the entire Straddle Period multiplied by a fraction, the numerator of which is the number of days from (and including) the first day of such Straddle Period through (and including) the Closing Date, and
      the denominator of which is the total number of days in such Straddle Period.

     

    (d)          Seller and
        Buyer shall provide each other, and shall cause their Affiliates to provide, such cooperation and information as either of them reasonably may request of the other in filing any Tax Return or in connection with any Action in respect of Taxes of the
        Company Entities. Such cooperation and information shall include providing copies of relevant Tax Returns or portions thereof, together with accompanying schedules, related work papers and documents relating to rulings or other determinations by
        Tax authorities until the expiration of the statute of limitations of the taxable periods to which such Tax Returns and other documents relate.

     

    (e)          The parties
        shall, to the extent permitted or required under applicable Law, treat the Closing Date as the last day of the taxable period of the Company Entities for all Tax purposes. Buyer agrees that NxEdge, Inc. and its applicable Subsidiaries will become
        members of the affiliated group of corporations of which Buyer is a member, and that files a consolidated U.S. federal income Tax Return, on the day following the Closing Date.  For the portion of the day of the Closing after the time of Closing,
        other than the transactions expressly contemplated hereby, Buyer will cause the Company Entities to carry on their business only in the ordinary course in the same manner as heretofore conducted and will not convert or otherwise change the form of
        any of the Company Entities under applicable state, local or non-U.S. Law.

     

    (f)          Seller shall
        cause all Tax Sharing Agreements between or among Seller or any of its Affiliates (other than a Company Entity), on the one hand, and the Company Entities, on the other hand, to terminate on or before the Closing Date without any Liability to any
        Company Entity, Buyer or any of their Affiliates.

     

    (g)          After the
        Closing, Buyer shall not, and Buyer shall cause its Affiliates (including the Company Entities) not, without prior written consent of Seller, such consent not to be unreasonably withheld, conditioned, or delayed, to, (a) file (other than Tax
        Returns that are filed pursuant to Section 6.19(c) or amend or otherwise modify any Tax Return relating to a Pre-Closing Tax Period, (b) after the date any Tax Return
        filed pursuant to Section 6.19(c) is filed, amend or otherwise modify any such Tax Return, (c) extend or waive, or cause to be extended or waived, any statute of
        limitations or other period for the assessment of any Tax or deficiency related to a Pre-Closing Tax Period, (d) make or change any Tax election or accounting method or practice with respect to, or that has retroactive effect to, any Pre-Closing
        Tax Period, (e) make or initiate any voluntary contact with a taxing authority (including any voluntary disclosure agreement or

     

    
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    similar process) regarding any Pre-Closing Tax Period, or (f) take any other action with respect to a Pre-Closing Tax Period; such that any such
      action could reasonably be expected to result in Seller having additional Tax liability for any such Pre-Closing Tax Period or increasing the amount of any Tax liability (or decreasing the amount of any Tax asset) included in the determination of
      Pre-Closing Taxes or decreasing any Tax refund due to Seller under Section 6.19(b).

     

    6.20       Resignations. At or prior to the Closing, the Company shall deliver to Buyer the resignation of all members of the board of managers (or other similar governing body) and
        officers of the Company Entities requested by Buyer in writing at least three Business Days prior to Closing, which resignations shall be effective at the Closing.

     

    6.21       Release of Property Funds. If, following the Closing, any amount of the Property Funds are released to the Company or any of its
        Subsidiaries pursuant to the Nampa Sale Agreement (such amounts, the “Released Property Funds”), then promptly following the payment of such Released Property Funds to the
        Company or any of its Subsidiaries (but in no event later than five (5) Business Days), Buyer shall cause the Company to pay to the Seller, by wire transfer of immediately available funds to an account designated by Seller, such Released Property
        Funds.

    

    

    ARTICLE 7

      TERMINATION

     

    7.01        Termination. Notwithstanding anything to the contrary contained herein, this Agreement may be terminated and the transactions contemplated hereby
        abandoned at any time prior to the Closing:

     

    (a)          by the mutual written consent of Buyer and Seller;

     

    (b)          by Buyer or Seller, upon written notice to the other, if the transactions contemplated by this Agreement have not been consummated on or prior to May 3, 2022, or such later date, if any, as Buyer and Seller agree upon in writing
        (the “Termination Date”); provided, however, that the right to terminate this Agreement pursuant to this Section 7.01(b) is not available to any party whose breach of any provision
        of this Agreement results in or causes the failure of the transactions contemplated by this Agreement to be consummated by the Termination Date;

     

    (c)          by Buyer, if (x) Seller has failed to consummate the Closing when required in accordance with this Agreement or (y) there has been a violation or breach by the Company or Seller of any covenant, representation or warranty
        contained in this Agreement which, if not cured, would prevent the satisfaction of any condition to the obligations of Buyer at the Closing set forth in Section 2.01 or Section 2.02 (and such violation or breach has not been waived by Buyer in writing) and such violation or breach is not capable of being cured or, if capable of being cured,
        shall not have been cured prior to the earlier of (i) thirty (30) days after written notice thereof to Seller from Buyer and (ii) the Termination Date; provided that the right to terminate this Agreement pursuant to this Section 7.01(c) shall not be available to Buyer at any time that Buyer has violated, or is in breach of, any covenant, representation or warranty hereunder, if such breach would, if not cured,
        prevent satisfaction of any condition to the obligations of Seller at the Closing set forth in Section 2.03 (and has not been waived by Seller in writing);

     

    (d)          by Seller, if (x) Buyer has failed to consummate the Closing when required in accordance with this Agreement or (y) there has been a violation or breach by Buyer of any covenant, representation or warranty contained in this
        Agreement which, if not cured, would prevent the satisfaction of any condition to the obligations of Seller at the Closing set forth in set forth in Section 2.01 or Section 2.03 (and such violation or breach has not been waived by Seller

     

    
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    in writing) and such violation or breach is not capable of being cured or, if capable of being cured, shall not have been cured prior to the earlier
      of (i) thirty (30) days after written notice thereof to Buyer from Seller and (ii) the Termination Date; provided that the right to terminate this Agreement pursuant to this Section
          7.01(d) shall not be available to Seller at any time that Seller has violated, or is in breach of, any covenant, representation or warranty hereunder if such breach would, if not cured, prevent satisfaction of any condition to the
      obligations of Buyer at the Closing set forth in Section 2.02 (and such violation or breach has not been waived by Buyer in writing); or

     

    (e)          by Buyer or
        Seller, if a Governmental Entity of competent jurisdiction shall have issued a nonappealable final Order, having the effect of permanently restraining, enjoining or otherwise prohibiting the other transactions contemplated hereby.

     

    Either party desiring to terminate this Agreement pursuant to this Section 7.01
      (other than Section 7.01(a)) shall give written notice of such termination to the other party and no such termination shall be effective unless and until written notice of
      such termination is so delivered; provided that in the case of a termination by Seller, no such termination shall be effective until the fifth Business Day following the
      delivery of written notice thereof to Buyer and such termination shall not be effective if prior to such date Buyer delivers written notice to Seller that it is ready, willing and able to consummate the Closing and does so consummate the Closing
      within such five Business Day period (unless the failure to so consummate the Closing is due to non-performance by Seller or the Company of their obligations under this Agreement, in which case Seller’s termination shall not be effective).

     

    7.02        Effect of Termination. In the event of any termination of this Agreement by Buyer or Seller as provided in Section 7.01, this Agreement shall forthwith become void and of no further force or effect, and there shall be no further liability or obligation on the part of any party hereto to any other party
        hereto with respect to this Agreement; provided, that (a) this Section 7.02 and Section 6.06,
        Section 6.07, Section 6.12 and Article 9 shall survive the termination of this Agreement and shall be enforceable by the parties hereto, and (b) notwithstanding anything to the contrary contained in this Agreement, no such termination shall (i) relieve
        any party hereto from liability for any willful and material breach of any covenant contained in this Agreement prior to termination, or (ii) impair the right of any party hereto to compel specific performance by the other party or parties, as the
        case may be, of such party’s surviving obligations following termination of this Agreement. For purposes hereof, a “willful and material breach” shall mean a material breach of any representation, warranty, covenant or other agreement set forth in
        this Agreement (including a failure to consummate the Closing when required hereunder) that is a consequence of an act undertaken or failure to act by the breaching party with the actual knowledge that the taking of such action would be a material
        breach of this Agreement.

     

    ARTICLE 8

      DEFINITIONS

     

    8.01        Definitions. For the purposes of this Agreement, capitalized terms used herein and not otherwise defined herein have the meanings given to such terms as set forth below:

     

    “Accounts Receivable” has the meaning set forth in Section 3.04(c).

     

    “Acquisition Transaction” has the meaning set forth in Section 6.11.

     

    “Action” means any action (by any private right of action of any Person
      or by any Governmental Entity), suit, litigation, audit, investigation, inquiry or other proceeding (including any administrative, criminal, arbitration or mediation proceeding).

     

    “Adjustment Amount” has the meaning set forth in Section 1.05(e).

     

    
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    “Adjustment Calculation Time” means 11:59 p.m. (Eastern Time) on the day
      immediately prior to the Closing Date.

     

    “Adjustment Escrow Account” has the meaning set forth in Section 1.04(b).

     

    “Adjustment Escrow Deposit Amount” means $6,000,000.

     

    “Adjustment Escrow Funds” means the amounts held in the Adjustment Escrow
      Account, including any dividends, interest, distributions and other income received in respect thereof, less any losses on investments thereof and less distributions thereof in accordance with this Agreement and the Escrow Agreement.

     

    “Affiliate” of any particular Person means any other Person controlling,
      controlled by or under common control or common investment management with such particular Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person, whether through the
      ownership of voting securities, contract or otherwise.

     

    “Affiliated Group” means any affiliated group as defined in Code
      Section 1504 that has filed a consolidated return for federal income tax purposes (or any similar group under state, local or non-U.S. Law).

     

    “Agreed Accounting Principles” means the accounting principles, policies,
      treatments, categorizations, practices, methods, bases and estimates set forth on Exhibit E attached hereto.

     

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

     

    “Ancillary Agreements” means the Escrow Agreement and each other
      agreement, certificate, instrument or other document contemplated by this Agreement.

     

    “Anti-Corruption Laws” means all applicable U.S. and non-U.S. Laws relating to the prevention of corruption, bribery or money-laundering, including the U.S. Foreign Corrupt Practices Act of 1977, as amended.

     

    “Antitrust Laws” means the Sherman Act of 1980, as amended, the Clayton
      Act of 1914, as amended, the HSR Act, the Federal Trade Commission Act of 1914, as amended, and all other federal, state or foreign laws or judgments, orders or decrees of any Governmental Entity that are designed or intended to prohibit, restrict or
      regulate actions having the purpose or effect of monopolization or restraint of trade or lessening competition through merger or acquisition.

     

    “Arbiter” has the meaning set forth in Section 1.05(d).

     

    “Assets” has the meaning set forth in Section 3.08(a).

     

    “Available Adjustment Escrow Funds” has the meaning set forth in Section 1.05(f).

     

    “Base Purchase Price” means $850,000,000.

     

    “Business Day” means any day of the year not a Saturday or a Sunday on
      which national banking institutions in Boise, Idaho are open to the public for conducting business and are not required or authorized to close.

     

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

     

    
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    “Buyer Arrangements” has the meaning set forth in Section 6.14.

     

    “Buyer Fundamental Representations” means the representations and
      warranties contained in Section 5.01, Section
          5.02(a), Section 5.04 and Section 5.08.

     

    “Buyer Parent” means EnPro Industries, Inc.

     

    “Buyer Plans” has the meaning set forth in Section 6.08.

     

    “CARES Act” means the Coronavirus Aid, Relief, and Economic Security Act,
      signed into law on March 27, 2020.

     

    “Cash-on-Hand” means all cash and cash equivalents, marketable securities
      and short-term investments of the Company Entities that are immediately convertible into cash; provided that Cash-on-Hand shall (a) be calculated net of issued but
      uncleared checks and drafts, (b) exclude the Property Funds (solely to the extent the Property Funds have not been released pursuant to the Nampa Sale Agreement), and (c) include checks and drafts deposited for the account of the Company Entities
      which have not cleared as of the time of determination, in each case, as determined in accordance with the Agreed Accounting Principles.

     

    “CBA” has the meaning set forth in Section 3.10(a)(i).

     

    “Closing” has the meaning set forth in Section 1.03.

     

    “Closing Balance Sheet” has the meaning set forth in Section 1.05(b).

     

    “Closing Cash-on-Hand” means the sum of (i)
      Cash-on-Hand of the Company Entities as of the Adjustment Calculation Time, minus (ii) any Cash-on-Hand of the Company Entities distributed to Seller (by way of dividend or
      otherwise) after the Adjustment Calculation Time.

     

    “Closing Date” has the meaning set forth in Section 1.03.

     

    “Closing Indebtedness” means the sum of (i)
      the aggregate Indebtedness of the Company Entities as of the Adjustment Calculation Time, plus (ii) the aggregate amount of any Indebtedness of the Company Entities that is
      repaid after the Adjustment Calculation Time and prior to the Closing.

     

    “Closing Net Working Capital” means Net Working Capital as of the
      Adjustment Calculation Time.

     

    “Closing Statement” has the meaning set forth in Section 1.05(b).

     

    “Code” means the Internal Revenue Code of 1986, as amended, and any
      reference to any particular Code section shall be interpreted to include any revision of or successor to that section regardless of how numbered or classified.

     

    “Company” has the meaning set forth in the Preamble.

     

    “Company Confidential Information” has the meaning set forth in Section 3.11(l).

     

    “Company and Seller Fundamental Representations” means the
      representations and warranties contained in Section 3.01, Section 3.02(a), (b) and (c), Section 3.03(a),
      Section 3.09, Section 3.14, Section
          4.01, Section 4.02(a), Section 4.03 and Section 4.05.

     

    
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    “Company Disclosure Letter” means the Company Disclosure Letter delivered
      by the Company to Buyer on the date hereof.

     

    “Company Entity” means each of the Company and its Subsidiaries.

     

    “Company Expenses” means without duplication, to the extent not paid
      prior to the Adjustment Calculation Time and to the extent not included in the calculation of Closing Net Working Capital or Closing Indebtedness (i) all costs, fees and expenses incurred by the Company Entities in
      connection with this Agreement and the consummation (or the preparation for the consummation) of the transactions contemplated hereby (including fees and expenses of legal counsel, accountants, investment bankers and other representatives and
      consultants), and (ii) all obligations of the Company Entities under or in connection with any severance arrangements, stay bonuses, incentive bonuses, transaction bonuses and termination and change of control arrangements that will be triggered and
      become payable to any employee, officer, manager, director or other individual service provider of any Company Entity as a result of the consummation of the transactions contemplated by this Agreement (including the Employer Taxes related thereto).

     

    “Company Intellectual Property” means any and all Intellectual Property
      Rights practiced or used by, owned (in whole or in part) by, purported to be owned (in whole or in part) by, or licensed to, any Company Entity.

     

    “Company Interests” has the meaning set forth in the Recitals.

     

    “Company Products” means collectively (i)
      all products and service offerings that are or have been marketed, licensed, offered, sold, distributed, maintained, supported, made commercially available or otherwise provided directly or indirectly by or on behalf of any Company Entity; and (ii) any such products, solutions and service offerings, including any new or expanded functionality offerings, that are currently under development by any Company Entity.

     

    “Company Systems” means the Software, computer firmware, computer
      hardware, servers, systems, networks, workstations, electronic data processing, information, record keeping, communications, telecommunications, networks, routers, hubs, circuits, interfaces, platforms, peripherals, and computer systems, including
      any outsourced systems and processes and all other information technology or other equipment or systems used by or on behalf of the Company Entities to process, store, maintain and operate data and functions used in connection with the businesses of
      the Company Entities, including systems to develop, market, license, sell, distribute, provision, maintain, support or use Company Products, and to operate payroll, accounting, billing/receivables, payables, inventory, asset tracking, customer
      service, human resources and other corporate and support functions.

     

    “Compliant” means, with respect to the Required Financing Information,
      that such Required Financing Information does not contain any untrue statement of a material fact regarding the Company Entities or omit to state any material fact regarding the Company Entities necessary in order to make such Required Financing
      Information not misleading under the circumstances (giving effect to all supplements and updates provided thereto).

     

    “Continuing Employee” has the meaning set forth in Section 6.08.

     

    “COVID-19” means the SARS-Cov2
      or COVID-19 pandemic, including any future resurgence or evolutions or mutations thereof and/or any related or associated disease outbreaks, epidemics and/or pandemics.

     

    
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    “COVID-19 Measures” means any quarantine, “shelter in place”, “stay at
      home”, workforce reduction, social distancing, shut down, closure, sequester, safety or any other Law, Order, directive, guidelines or recommendations promulgated by any industry group or any Governmental Entity, including the Centers for Disease
      Control and Prevention and the World Health Organization, in each case, in connection with or in response to COVID-19, including the CARES Act and Families First Act.

     

    “Created” has the meaning set forth in Section 3.11(e).

     

    “Credit Facility” means that certain Cadence Bank, N.A. Credit Agreement, dated as of February 7, 2018, by and among TCFII NxEdge LLC, a Delaware limited
        liability company, each of the other Borrowers party thereto, each lender party thereto, and Cadence Bank,
      N.A., as the administrative agent and BBVA Compass, as the Syndication Agent, including each other document or agreement executed in connection therewith, in
      each case, as the same may have been and may be amended, modified, supplemented or waived from time to time.

     

    “Debt Commitment Letters” has the meaning set forth in Section 5.04(b).

     

    “Debt Financing” has the meaning set forth in Section 5.04(b).

     

    “Employee Benefit Plan” has the meaning set forth in Section 3.17(a).

     

    “Employer Taxes” means, with respect to any particular compensatory
      payment, the amount equal to (a) the employer portion of any Medicare or other similar Taxes required to be paid with respect to such payment plus (b) the employer portion of any social security or other similar Taxes required to be paid with respect
      to such payment only to the extent the employer’s share of social security or other similar Taxes required to be paid with respect to the recipient of such payment in the year that includes the Closing Date exceeds the aggregate amount of social
      security or other similar Taxes that would otherwise have been due with respect to such recipient had the relevant payment not been made. For the avoidance of doubt, the amount described in clause (b) shall be zero with respect to any Person whose
      total compensation that would be payable by any Company Entity during the year in which the Closing occurs (assuming such recipient remained employed by any Company Entity for the entire year) is anticipated to be in excess of the social security
      wage base for the year in which the Closing occurs).

     

    “Environmental Laws” means all Laws concerning pollution or protection of
      the environment in effect on or prior to the Closing Date. For the avoidance of doubt, Environmental Laws shall not cover COVID-19.

     

    “Equity Securities” means with respect to any Person, all (i) units, capital stock, partnership interests or other equity interests (including classes, groups or series thereof having such relative rights, powers or obligations as may from time to time be established by the
      issuer thereof or the governing body of its Affiliate, as the case may be, including rights, powers or duties different from, senior to or more favorable than existing classes, groups and series of units, stock and other equity interests and
      including any so-called “profits interests”) or securities or agreements providing for profit participation features, equity appreciation rights, phantom equity or similar rights to participate in profits, (ii) warrants, options or other rights to
      purchase or otherwise acquire, or contracts or commitments that could require the issuance of, securities described in the foregoing clause of this definition and (iii) obligations, evidences of indebtedness or other securities or interests
      convertible or exchangeable into securities described in the foregoing clauses of this definition.

     

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

     

    “ERISA Affiliate” has the meaning set forth in Section 3.17(d).

     

    
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    “Escrow Agent” means Citibank, N.A.

     

    “Escrow Agreement” has the meaning set forth in Section 1.04(b).

     

    “Estimated Closing Balance Sheet” has the meaning set forth in Section 1.05(a).

     

    “Estimated Closing Cash-on-Hand” has the meaning set forth in Section 1.05(a).

     

    “Estimated Closing Indebtedness” has the meaning set forth in Section 1.05(a).

     

    “Estimated Closing Net Working Capital” has the meaning set forth in Section 1.05(a).

     

    “Estimated Closing Statement” has the meaning set forth in Section 1.05(a).

     

    “Estimated Purchase Price” has the meaning set forth in Section 1.05(a).

     

    “Ex-Im Laws” means all applicable U.S. and non-U.S. Laws relating to export, reexport, transfer and import controls, including the Export Administration Regulations and the customs and import Laws administered by U.S. Customs and Border
      Protection.

     

    “Excess Amount” has the meaning set forth in Section 1.05(f).

     

    “Existing Buyer Credit Agreement” means that certain Second Amended and
      Restated Credit Agreement, dated as of June 28, 2018, by and among EnPro Industries, Inc. and EnPro Holdings, Inc., as borrowers, the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as Administrative Agent, Swing Line
      Lender and L/C Issuer, as amended by that certain First Amendment to Second Amended and Restated Credit Agreement, dated as of September 25, 2019, by that certain Second Amendment to Second Amended and Restated Credit Agreement, dated as of March 27,
      2020, and by that certain Third Amendment to Second Amended and Restated Credit Agreement and Limited Waiver, dated as of January 19, 2021.

     

    “Financial Statements” has the meaning set forth in Section 3.04.

     

    “Financing Sources” has the meaning set forth in Section 9.20.

     

    “Fraud” means, with respect to any party hereto, an actual and
      intentional fraud in the making of any representation or warranty expressly set forth in Article 3 (in the case of Seller or the Company), any representation or warranty
      expressly set forth in Article 4 (in the case of Seller) or any representation or warranty expressly set forth in Article 5 (in the case of Buyer) or in the delivery of the Estimated Balance Sheet, Estimated Closing Statement or any of the certificates delivered pursuant to Section
          2.02(d)(ii) (in the case of Seller or the Company) or Section 2.03(c)(i) (with respect to Buyer). For the avoidance of doubt, the definition of “Fraud” in this Agreement is limited to actual and intentional fraud and does not include,
      and no claim may be made by any Person in relation to this Agreement or the transactions contemplated hereby (i) against any Person other than an express party to this Agreement that committed Fraud, (ii) for constructive fraud or other claims based
      on constructive knowledge or (iii) for negligent misrepresentation, equitable fraud or any other fraud based claim or theory that is other than actual and intentional fraud.

     

    “GAAP” means United States generally accepted accounting principles.

     

    “Governmental Entity” means (i) any
      federal, state, provincial, local, municipal, non-U.S. or other government; (ii) any governmental or quasi-governmental authority of any nature (including any governmental agency, branch, department, official, entity or self-regulatory organization
      and any court or

     

    
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    other tribunal); (iii) any body exercising, or entitled to exercise, any administrative, executive, judicial, adjudicative, legislative, police, regulatory or taxing
      authority or power of any nature, including any (public or private) arbitrator or arbitral tribunal; or (iv) any agency, authority, board, bureau, arbitrator (public or private) commission, department, office or instrumentality of any nature
      whatsoever of any federal, state, provincial, local, municipal or non-U.S. government or other political subdivision or otherwise, or any officer or official thereof with requisite authority. For the avoidance of doubt, “Governmental Entity” includes
      the Antitrust Division of the United States Department of Justice, the United States Federal Trade Commission and the antitrust or competition law authorities of any other jurisdiction (whether United States, foreign or multinational).

     

    “Hazardous Substance” means any material, substance or waste regulated by
      Environmental Laws due to its dangerous or deleterious properties or characteristics, including petroleum. For the avoidance of doubt, Hazardous Substance shall not include COVID-19.

     

    “HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
      as amended, and the rules and regulations promulgated thereunder.

     

    “Improvements” has the meaning set forth in Section 3.23(c).

     

    “Inbound License” means any contract (including a covenant not to sue)
      pursuant to which any Company Entity is authorized or otherwise permitted to access or exploit any other Person’s Intellectual Property Rights, or any contract pursuant to which any Company Entity obtains a right to access or exploit a Person’s
      Intellectual Property Rights in the form of services, such as a Software-as-a-Services contract or a cloud services contract.

     

    “Indebtedness” means, with respect to any Person and without duplication,
      the aggregate amount of (i) all obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar securities or instruments (excluding, for the avoidance of doubt, obligations
      related to any banker’s acceptance, payment, performance or surety bond or other type of surety agreement, in each case, to the extent not drawn), (iii) all reimbursement obligations of such Person under or pursuant to letters of credit or other
      similar instruments or arrangements by which such Person assures a creditor against loss, to the extent any such letters of credit or similar instruments or arrangements have been drawn, (iv) all obligations of such Person under or pursuant to any
      conditional sales or other arrangements for the deferred purchase price of property or services, as obligor or otherwise (other than trade payables and other current Liabilities incurred in the ordinary course of business and included in the
      calculation of Closing Net Working Capital), including earn-outs and other contingent obligations and seller notes, (v) all obligations of such Person under or pursuant to leases which have historically been recognized as capital leases (excluding
      for the avoidance of doubt, leases which have historically been classified by the Company Entities as operating leases and any true up amounts), (vi) accounts payable and accrued Liabilities to an Affiliate of the Company (other than another Company
      Entity) (excluding amounts paid under the leases described on Section 3.25 of the Company Disclosure Letter in the ordinary course of business (including any true-up
      pursuant to the terms thereof)), (vii) obligations for outstanding severance and unpaid and unfunded deferred compensation, plus the Employer Taxes attributable to
        the foregoing, in each case, to the extent unpaid as of the Closing Date, (viii) any “applicable employment taxes” (as defined in Section 2302(d)(1) of the CARES Act) that the Company has elected to defer pursuant to Section 2302 of the CARES Act,
        and any applicable Taxes that were deferred under the Payroll Tax Executive Order, in each case to the extent unpaid as of the Closing Date, (ix) all obligations of such Person under any swap, hedging, derivative or similar transaction,
      (x) all obligations of such Person for guarantees of another Person in respect of obligations of the type set forth in the foregoing clauses (excluding, with respect to a Company Entity, obligations of such Company Entity for guarantees of another
      Company Entity in respect of obligations, to the extent that the guaranteed obligations also constitute

     

    
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    Indebtedness hereunder), (xi) all unpaid Pre-Closing Taxes (provided that such amount may not be less than zero), and (xii) all obligations of such Person for accrued
      but unpaid interest, unpaid prepayment or redemption penalties, premiums or payments and unpaid fees and expenses that are payable in connection with retirement or prepayment of any of the foregoing obligations. Notwithstanding anything to the
      contrary contained in this Agreement, in no event shall Indebtedness include any deferred revenue, deferred rent, Company Expenses, amounts included as a current Liability in Net Working Capital, operating lease obligations, undrawn letters of
      credit, intercompany transactions (between two Company Entities) or any Liabilities or obligations in respect thereof.

     

    “Indemnified Claim” has the meaning set forth in Section 9.21.

     

    “Information” has the meaning set forth in Section 3.12.

     

    “Infringes” means that (or an assertion that) a given item, information,
      content, process, or activity directly or indirectly infringes, misappropriates, dilutes or constitutes unauthorized use of, or otherwise violates the Intellectual Property Rights of, or unfairly competes with, any Person, or otherwise constitutes
      unfair trade practices or false advertising; and “Infringement” and “Infringing” shall have
      correlative meanings.

     

    “Institutions” has the meaning set forth in Section 3.11(e).

     

    “Intellectual Property Agreement” means, individually and collectively,
      all Inbound Licenses, all Outbound Licenses, and each other contract to which any Company Entity or any of its respective assets or rights are bound relating to the acquisition, transfer, development, license, use or commercialization of Intellectual
      Property Rights or any waiver or release of rights in, to, or under Intellectual Property Rights.

     

    “Intellectual Property Rights” means any and all intellectual property of
      any kind or description in any jurisdiction throughout the world, and all corresponding rights, including the following: (i) inventions (whether or not patentable or reduced to practice), all improvements thereto and all
      patents and industrial designs (including utility model rights, design rights and industrial property rights), patent and industrial design applications and patent disclosures, together with all reissues, continuations, continuations-in-part,
      revisions, divisionals, extensions and reexaminations in connection therewith; (ii) trademarks, service marks, designs, trade dress, logos, slogans, trade names, business names, corporate names, Internet domain names and all other indicia of origin,
      all applications, registrations and renewals in connection therewith and all goodwill associated with any of the foregoing; (iii) works of authorship (whether or not copyrightable), copyrights, mask works, database rights, rights in Software and all
      applications, registrations, and renewals in connection therewith; (iv) Trade Secrets; and (v) other registrations, issuances and certificates and associated proprietary rights with respect to any of the foregoing.

     

    “Investment” as applied to any Person means (i)
      any direct or indirect purchase or other acquisition (whether by loan, contribution of capital, exchange or otherwise) by such Person of any notes, obligations, instruments, units, securities or other ownership interests (including partnership
      interests and joint venture interests) of any other Person and (ii) any capital contribution by such Person to any other Person.

     

    “Key Customers” has the meaning set forth in Section 3.22(a).

     

    “Key Suppliers” has the meaning set forth in Section 3.22(b).

     

    “Knowledge” means, when referring to the “Knowledge of the Company” or
      any similar phrase or qualification based on knowledge of the Company, the actual or constructive knowledge, after reasonable inquiry, of Jackson Chao or Jamie Mitchell.

     

    
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    “Latest Balance Sheet” has the meaning set forth in Section 3.04.

     

    “Law” means any federal, state, provincial, local, municipal or non-U.S.
      statute, law, ordinance, regulation, rule, code, judicial or administrative order, principle of common law enacted, promulgated, issued, enforced or entered by any Governmental Entity.

     

    “Leased Real Property” means all leasehold or subleasehold estates and
      other rights to use or occupy any land, buildings, structures, improvements, fixtures or other interest in real property held by the Company Entities.

     

    “Leases” means all leases, subleases, licenses, concessions and other
      agreements (written or oral) pursuant to which the Company Entities hold any Leased Real Property, including all amendments and supplements thereto.

     

    “Lenders” means the agents, arrangers, financial institutions, lenders
      and other similar entities that are party to or have committed to provide or arrange or act as administrative agent or collateral agent with respect to the Debt Financing or other financings in connection with the transactions contemplated hereby,
      together with their Affiliates, and including the parties to any related commitment letters, joinder agreements, credit agreements or indentures (including the definitive agreements relating thereto and any other agreements relating to the Debt
      Financing), any underwriters, placement agents or initial purchasers in connection with the Debt Financing and their respective successors and assigns, and their current and former Representatives and agents and their respective Affiliates’ current
      and former Representatives and agents and their and their respective Affiliates’ successors and assigns.

     

    “Liability” means any debt, liability, loss, cost, expense or obligation
      of any kind, character or nature whatsoever, whether known or unknown, secured or unsecured, asserted or unasserted, accrued or unaccrued, matured or unmatured, liquidated or unliquidated, due or to become due, fixed, absolute, contingent or
      otherwise.

     

    “Lien” means any mortgage or deed of trust, pledge, security interest,
      license, lien or other encumbrance.

     

    “Material Adverse Effect” means any material adverse effect on (x) the financial condition or results of operations of the Company Entities, taken as a whole or (y) the ability of Seller or the Company to enter into this Agreement or consummate the
      transactions contemplated hereby; provided, however, that, a “Material Adverse Effect” shall
      not include, either alone or in combination, any effect arising or resulting from one or more of the following: (i) changes in conditions in the industries or markets in which the Company Entities operate, changes in the
      U.S. economy or financial markets or any non-U.S. economy or financial markets where any of the Company Entities operate; (ii) the taking of any action by Buyer or any of its Affiliates in violation of this Agreement, (iii) earthquakes, hurricanes,
      tsunamis, tornadoes, floods, mudslides, fires or other natural disasters, weather conditions, epidemics or pandemics or disease outbreak (including COVID-19) or any COVID-19 Measures, or any Law or Order issued by a Governmental Entity, the Centers
      for Disease Control and Prevention, the World Health Organization or industry group providing for business closures, “sheltering-in-place,” curfews or other restrictions that relate to, or arise out of, any epidemic, pandemic, or disease outbreak
      (including COVID-19) or material worsening of such conditions threatened or existing as of the date of this Agreement and any other force majeure events in the United States or any other any location where any of the Company Entities has material
      operations or sales; (iv) national or international political or social conditions (or changes in such conditions), whether or not pursuant to the declaration of a national emergency or war, or the occurrence of any military or terrorist attack; (v) any change after the date hereof in GAAP or Law; (vi) actions taken or omitted at the written request of or with the prior written consent of Buyer hereinafter given pursuant to
      the terms of this

     

    
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    Agreement; (vii) any action expressly required by this Agreement; (viii) the announcement, pendency or consummation of the purchase and sale of the Purchased Interests
      or any of the other transactions contemplated by this Agreement; or (ix) any failure by the Company to meet any projections, forecasts or revenue or earnings projections; provided
      that the underlying cause of the Company’s failure to meet such projections, forecasts or revenue or earnings projections may be taken into account to the extent not otherwise excluded hereunder; provided, further, that in the case of the foregoing clauses (i), (iii), (iv) and (v), such matters may be taken into account to the extent (but
      only to the extent) that any such matters disproportionately impact the Company Entities, taken as a whole, relative to other similarly situated businesses operating in the industries and markets in which the Company Entities operate.

     

    “Material Contracts” has the meaning set forth in Section 3.10(b).

     

    “Nampa Sale Agreement” means that certain Purchase and Sale Agreement,
      dated as of October 12, 2021, by and between NxEdge, Inc. and 16989 Madison, LLC, as it may be amended from time to time prior to the Closing.

     

    “Net Working Capital” means the consolidated current assets of the
      Company Entities as of the Adjustment Calculation Time in the asset categories set forth on Exhibit F attached hereto minus the consolidated current Liabilities of the Company Entities as of the Adjustment Calculation Time in the liability categories set forth on Exhibit F
      attached hereto, in each case as determined in accordance with the Agreed Accounting Principles. For the avoidance of doubt, the Closing Net Working Capital shall exclude Cash-on-Hand, current and deferred income Tax assets and income Tax
      Liabilities, Company Expenses and Company Indebtedness. An illustrative calculation of Net Working Capital as of the date of the Latest Balance Sheet is set forth on Exhibit F attached hereto.

     

    “New Debt Financing” has the meaning set forth in Section 5.04(b).

     

    “Non‐Recourse Party” means,
      with respect to a party, any of such party’s former, current and future equityholders, controlling Persons, directors, officers, employees, advisors, agents, attorneys, representatives, Affiliates, members, managers, general or limited partners, or assignees (or any former, current or future equityholder, controlling Person, director, officer, employee, advisor, agent, attorney, representative, Affiliate, member,
      manager, general or limited partner, or assignee of any of the foregoing).

     

    “Notice of Disagreement” has the meaning set forth in Section 1.05(c).

     

    “OFAC” means the Office of Foreign Assets Control of the U.S. Department
      of the Treasury.

     

    “Off-the-Shelf License” means any non-exclusive license for commercially
      available “off-the-shelf” Software in object code or executable form or as Software-as-a-Service.

     

    “Open Source Materials” means Software or other material that is
      distributed as “free software,” “open source software” or under similar licensing or distribution terms (including but not limited to the GNU Affero General Public License (AGPL), Server Side Public License (SSPL), GNU General Public License (GPL),
      GNU Lesser General Public License (LGPL), Mozilla Public License (MPL), BSD licenses, the Artistic License, the Netscape Public License, the Sun Community Source License (SCSL), the Sun Industry Standards License (SISL), the Apache License, any
      license identified as an open source license by the Open Source Initiative (www.opensource.org)), and any other license that requires or conditions the use or distribution of such Software or other material, or portion thereof, on (i) the disclosure,
      licensing, or distribution of any source code for any portion of such Software or (ii) the granting to licensees of the right to make derivative works or other modifications to such Software or other material or portions thereof.

     

    
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    “Order” means any order, judgment, injunction, decree, ruling, writ or
      award issued, made, entered, rendered or otherwise put into effect by or under the authority of any Governmental Entity.

     

    “ordinary course of business” means the ordinary course of the Company
      Entities’ businesses, consistent with past practice (including recent past practice in light of COVID-19 and COVID-19 Measures).

     

    “Organizational Documents” means, with respect to any Person that is an
      entity, such Person’s organizational documents, including the certificate of organization, incorporation or partnership, bylaws, operating agreement or partnership agreement, joint venture and trust agreements, and any similar governing documents of
      any such Person.

     

    “Outbound License” means any contract (including a covenant not to sue)
      pursuant to which a Company Entity authorizes or otherwise permits any other Person to access or exploit any Company Intellectual Property, including in the form of services, such as a Software-as-a-Services contract or a cloud services contract.

     

    “Owned Intellectual Property” has the meaning set forth in Section 3.11(a).

     

    “Owned Real Property” means all land, together with all buildings,
      structures, improvements and fixtures located thereon, and all easements and other rights and interests appurtenant thereto, owned by any Company Entity.

     

    “Payoff Letters” means, with respect to indebtedness for borrowed money
      under the Credit Facility, payoff letters and wire instructions in customary form providing the Company with a confirmation that all Liens and all payment obligations with respect to such indebtedness for borrowed money have been or will have been
      released effective as of the payment in full off such indebtedness as indicated therein; provided that, for the avoidance of doubt, such payoff letters shall not be
      required to include any waiver or release of indemnification, contribution or other obligations of the Company or its Subsidiaries under, or that otherwise survive termination of, the Credit Facility.

     

    “Permit” means all licenses, memberships, registrations, certifications,
      accreditations, permits, bonds, franchises, approvals, authorizations, consents or orders of, notifications to or filings with any Governmental Entity.

     

    “Permitted Liens” means (i) statutory Liens for current Taxes or other
      governmental charges not yet due and payable or the amount or validity of which is being contested in good faith by appropriate proceedings by any Company Entity and, in either case for which appropriate reserves have been established in accordance
      with GAAP (to the extent such reserves are required by GAAP); (ii) mechanics’, carriers’, workers’, repairers’ and similar statutory Liens arising or incurred in the ordinary course of business for amounts which are not due and payable or the amount
      or validity of which is being contested in good faith by appropriate proceedings by any Company Entity and, in either case, for which appropriate reserves have been established in accordance with GAAP (to the extent such reserves are required by
      GAAP) and which shall be paid in full and released at Closing; (iii) zoning, entitlement, building and other land use regulations imposed by governmental agencies having jurisdiction over the Real Property that are not violated by the current use or
      occupancy of such Real Property or the operation of the business thereon; (iv) covenants, conditions, restrictions, easements and other similar matters of record affecting title to the Real Property that do not or would not materially impair the
      occupancy or use of such Real Property in the operation of the Company Entities’ businesses conducted thereon or proposed to be conducted thereon; (v) Liens under the Credit Facility, (vi) non-exclusive licenses of Intellectual Property Rights
      granted in the

     

    
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    ordinary course of business; and (vii) those items set forth on Section 8.01 of the Company Disclosure
          Letter.

     

    “Person” means an individual, a partnership, a corporation, a limited
      liability company, an association, a joint shares company, a trust, a joint venture, an unincorporated organization and a Governmental Entity or any department, agency or political subdivision thereof.

     

    “Personal Data” means (i) a natural person’s name, street address,
      telephone number, e-mail address, photograph, social security number or tax identification number, driver’s license number, passport number, credit card number, bank information, or biometric identifiers or any other piece of information that
      identifies or that could be used to identify a natural person, either alone or when combined with other personal or identifying information that is linked or linkable to the person and (ii) any other data or information that constitutes “personal
      data,” “personally identifiable information,” “individually identifiable health information,” “protected health information,” “personal information” or similar term under any applicable Law or any policy of the Company Entities relating to privacy.

     

    “Pre-Closing Tax Period” means any taxable period ending on or before the
      Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period through the end of the Closing Date.

     

    “Pre-Closing Taxes” means, to the extent such amounts are not included in
      the calculation of Net Working Capital, and without duplication, an amount equal to the unpaid income Tax liabilities of the Company Entities for the taxable period ending on the Closing Date, or with respect to a Straddle Period, the portion of such
      period ending on the Closing Date, solely for jurisdictions in which the Company Entities have historically filed income Tax Returns in accordance with applicable law, determined (i) in accordance with the past practice (including reporting
      positions, elections and accounting methods) of the Company Entities in preparing Tax Returns and only in jurisdictions where the Company Entities have historically filed income Tax Returns or first began doing business in the most recent applicable
      Tax period, (ii) without regard to any Tax refund receivables, except to the extent that any Tax refund receivable is permitted to be applied (as a Tax payment or credit) against such unpaid income Tax liabilities under applicable law, (iii) taking
      into account the Transaction Tax Deductions (applying the seventy percent (70%) safe harbor election under Revenue Procedure 2011-29 to any success based fees), (iv) in accordance with Section
          6.19(c), (v) excluding any Taxes attributable to transactions taken by Buyer or its Affiliates (including the Company Entities following the Closing) occurring on the Closing Date after the Closing, (vi) excluding any Taxes
      attributable to transactions executed at the direction of Buyer or its Affiliates or with respect to Buyer Financing, (vii) excluding any liabilities or reserves established for contingent Taxes or with respect to uncertain Tax positions, (viii)
      excluding any deferred Tax liabilities or deferred Tax assets, (ix) taking into account all payments made by (or credits received in lieu thereof) the Company Entities prior to the Closing, including any estimated Tax payments and (x) taking in
      account Taxes arising out of or resulting from this Agreement for which Seller is liable pursuant to Section 6.10 (Transfer Taxes).

     

    “Property Funds” means all amounts deposited with Escrow Holder (as
      defined in the Nampa Sale Agreement) or any other escrow agent under the Nampa Sale Agreement, other than any earnest money deposit that was applied to the purchase price at the closing of the transactions contemplated under the Nampa Sale Agreement.

     

    “Post-Closing Tax Period” means any taxable period beginning after the
      Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period beginning after the Closing Date.

     

    “Privileged Communications” has the meaning set
      forth in Section 9.19.

     

    “Purchase Price” has the meaning set forth in Section 1.02.

     

    
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    “Purchased Interests” has the meaning set forth in the recitals.

     

    “RLC Debt Financing” has the meaning set forth in Section 5.04(b).

     

    “R&W Insurance Policy” means a buyer-side representations and
      warranties insurance policy to be conditionally bound as of the date hereof and issued on the Closing Date by Gemini Insurance Company to Buyer.

     

    “Real Property” means the Leased Real Property and the Owned Real
      Property.

     

    “Release” means any spilling, leaking, pumping, pouring, emitting,
      emptying, discharging, injecting, escaping, disposing or dumping into the environment.

     

    “Representative” means, with respect to any Person, any director,
      officer, manager, member, partner (whether limited or general), principal, attorney, employee, agent, advisor, consultant, accountant or any other Person acting in a representative capacity for such Person or, in the case of Buyer, any existing or
      potential source of financing.

     

    “Required Financing Information” means (i) the financial statements with
      respect to the Company and its consolidated subsidiaries specified in Sections 9(b) and 9(c) of Addendum I to the term sheets attached to the Debt Commitment Letters (it being acknowledged and agreed that the foregoing has been satisfied with respect
      to the fiscal years ending December 31, 2019 and December 31, 2020 and the nine-month period ending September 30, 2021 by the delivery of the Financial Statements), (ii) readily available information reasonably requested in writing by Buyer in the
      preparation of the pro forma financial statements referred to in Section 6.17(a) and (iii) such other pertinent and customary information which is readily available
      regarding the Company Entities as may be reasonably requested in writing by Buyer (or its lenders) to the extent that such information is required in connection with the Debt Financing and is of a type customarily included in an information
      memorandum or lender presentation used in connection with the syndication of bank credit facilities.

     

    “Required Lien Releases” means such releases, including UCC-3
      terminations and releases of deeds of trust, as required to release or terminate (i) all Liens on or related to the equity interests, assets and properties (including Equity Securities and Intellectual Property Rights) of any Company Entity under the
      Credit Facility and (ii) the Deed of Trust, dated May 23, 2018, issued by NxEdge Inc. of Boise to Cadence Bank, N.A.

     

    “Reserve Amount” has the meaning set forth in Section 9.21.

     

    “Sanctioned Country” means any country or region that is the subject or
      target of a comprehensive embargo under Sanctions Laws (including Cuba, Iran, North Korea, Syria and the Crimea region of Ukraine).

     

    “Sanctioned Person” means any individual or entity that is the subject or
      target of sanctions or restrictions under Sanctions Laws or Ex-Im Laws, including: (i) any individual or entity listed on any applicable U.S. or non-U.S. sanctions- or export-related restricted party list, including OFAC’s Specially Designated Nationals and Blocked Persons List; or (ii) any entity that is, in the aggregate, 50% or greater owned, directly or indirectly, or otherwise controlled by a person or persons
      described on OFAC’s Specially Designated National and Blocked Persons List or OFAC’s Sectoral Sanctions Identification List.

     

    “Sanctions Laws” means all applicable U.S. and non-U.S. Laws relating to economic or trade sanctions, including the Laws administered or enforced by the United States (including by OFAC or the U.S. Department of State).

     

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

     

    “Seller” has the meaning set forth in the Preamble.

     

    “Seller Group” has the meaning set forth in Section 9.19.

     

    “Seller Parties” has the meaning set forth in Section 6.03(a).

     

    “Software” means any and all computer programs, operating systems,
      applications systems, firmware or software code of any nature, whether operational or under development, in object code or source code, and any derivations, updates, enhancements and customizations of any of the foregoing, and any application
      programming interfaces (APIs), user interfaces, command structures, menus, buttons and icons, flow-charts, and related documentation, operating procedures, methods, tools, developers’ kits, utilities, developers’ notes, technical manuals, user
      manuals and other documentation thereof, including comments and annotations related thereto, whether in machine-readable form, programming language or any other language or symbols and whether stored, encoded, recorded or written on disk, tape, film,
      memory device, paper or other media of any nature.

     

    “Straddle Period” means any taxable period that includes (but does not
      end on) the Closing Date.

     

    “Subsidiary” means, with respect to any Person, any corporation,
      partnership, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of capital stock entitled (without regard to the occurrence of any contingency) to vote in
      the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a partnership, association
      or other business entity, a majority of the partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof. For
      purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a partnership, association or other business entity if such Person or Persons shall be allocated a majority of partnership, association or other business
      entity gains or losses or shall be or control the managing director or general partner of such partnership, association or other business entity.

     

    “Targeted Net Working Capital” means $35,200,000.

     

    “Tax” means (i) any federal, state, county, local, non-U.S. or other
      income, gross receipts, ad valorem, franchise, profits, sales or use, transfer, registration, excise, utility, environmental, communications, real or personal property, capital unit, license, payroll, wage or other withholding, employment, social
      security (or similar), severance, stamp, occupation, premium, windfall profits, customs duties, unemployment, disability, value added, alternative or add on minimum, estimated or other tax, governmental fee, or similar assessment or charge of any
      kind whatsoever (including deficiencies, penalties, additions to tax and interest attributable thereto), whether disputed or not.

     

    “Tax Returns” means any return, declaration, election, disclosure,
      report, claim for refund, statement or information report required to be filed with respect to Taxes, including any schedules attached thereto and including any amendment thereof.

     

    “Tax Sharing Agreement” means a contract (including any Tax allocation,
      Tax sharing, Tax receivable, Tax indemnity agreement, or other agreement relating to Taxes), other than commercial contracts with customers, vendors, lenders, lessors or the like the primary purpose of which is not Taxes.

     

    “Termination Date” has the meaning set forth in Section 7.01(b).

     

    
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    “Trade Control Laws” has the meaning set forth in Section 3.20(a).

     

    “Trade Secrets” means trade secrets and other confidential information,
      including source code, know how, methods, processes, techniques, data, formulae, algorithms, research, records, reports, industrial models, architectures, layouts, designs, drawings, plans, product specifications, technical data, customer and
      supplier lists, pricing and cost information, and business and marketing plans and proposals.

     

    “Transaction Tax Deduction” means any income Tax deduction permitted
      under applicable Tax Law at a more likely than not, or higher, level of comfort with respect to (a) transaction bonuses, change-in-control payments, severance payments, retention payments or similar payments made
      by the Company Entities in connection with the purchase and sale of the Purchased Units or the other transactions contemplated by this Agreement, (b) the fees, expense and interest (including amounts treated as interest for Tax purposes and any
      breakage fees or accelerated deferred financing fees) incurred by the Company Entities with respect to the payment of Indebtedness (or that were included in Closing Net Working Capital), (c) the amount of the Company Expenses, including for this
      purpose, amounts that would be Company Expenses but that were paid prior to the Closing, (d) investment banking or success based fees and (d) any other deductible payments attributable to the purchase and sale of the Purchased Units or the other
      transactions contemplated by this Agreement, in each case, that are economically borne by Seller, including by being included as a deduction to the Purchase Price paid by Buyer to Seller; provided however, such deductions shall be subject to the
      review and consent of Buyer not to be unreasonably withheld or consented.

     

    “Transfer Tax” has the meaning set forth in Section 6.10.

     

    “Treasury Regulations” means the United States Treasury Regulations
      promulgated under the Code, and any reference to any particular Treasury Regulation section shall be interpreted to include any final or temporary revision of or successor to that section regardless of how numbered or classified.

     

    “Union” means any labor union, trade union, council of trade unions,
      employee bargaining agency, affiliated bargaining agent, works council or other employee representative body.

     

    “Waived Benefits” has the meaning set forth in Section 6.14.

     

    “WARN Act” has the meaning set forth in Section 3.16(c).

     

    8.02        Usage.

     

    (a)          Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.”

     

    (b)          Words denoting any gender shall include all genders (including the neutral gender). Where a word is defined herein, references to the singular shall include references to the plural and vice versa.

     

    (c)          A reference to any party to this Agreement or any other agreement or document shall include such party’s successors and permitted assigns.

     

    (d)          All references to “$” and dollars shall be deemed to refer to United States currency unless otherwise specifically provided.

     

    (e)          All references to a day or days shall be deemed to refer to a calendar day or calendar days, as applicable, unless otherwise specifically provided.

     

    
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    (f)          The phrase
        “to the extent” means “the degree by which” and not “if”.

     

    (g)          All references to an Article, Section or Exhibit shall be deemed to refer to such Article, Section or Exhibit of this Agreement, unless otherwise specified.

     

    (h)          The terms “hereof,” “herein,” “hereunder” and derivative words refer to this entire Agreement, unless the context otherwise requires.

     

    (i)          The words “either,” “or,” “neither,” “nor” and “any” are not exclusive.

     

    (j)          The phrase
        “made available to” and phrases of similar import means, with respect to any information, document or other material of Buyer or the Company, that such information, document or material was made available for review in the virtual data room
        established by the Company or its Representatives in connection with this Agreement prior to the execution of this Agreement or actually delivered (whether by physical or electronic delivery) to the Company or Buyer, respectively, or its
        Representatives prior to the execution of this Agreement.

     

    ARTICLE 9

      MISCELLANEOUS

     

    9.01        No Survival; Certain Waivers.

     

    (a)          None of the representations and warranties of any party hereto contained in this Agreement or any of the other documents contemplated hereby (including any certificate delivered in connection herewith) shall survive the Closing
        (with the parties hereto agreeing to contractually shorten the applicable statutes of limitation by such non-survival). None of the covenants of any party hereto required to be performed by such party before the Closing shall survive the Closing.
        Unless otherwise indicated, the covenants and agreements set forth in this Agreement which by their terms call for performance at or after the Closing shall survive the Closing until they have been performed or satisfied.

     

    (b)          Each of Buyer, on the one hand, and Seller and the Company, on the other, acknowledges and agrees that, except for claims against any party hereto for Fraud committed by such party hereto, (i) from and after the date hereof
        until the Closing, such party’s and its Non-Recourse Parties’ sole and exclusive remedy against the other party or parties hereto and each of their respective Non-Recourse Parties, whether in any individual, corporate or any other capacity, with
        respect to any and all claims relating (directly or indirectly) to the subject matter of this Agreement or the transactions contemplated hereby, regardless of the legal theory under which such liability or obligation may be sought to be imposed,
        whether sounding in contract or tort, or whether at law or in equity, or otherwise, shall be solely against parties to this Agreement pursuant to the provisions of Section 7.01
        or Section 9.17 in accordance with the terms hereof; and (ii) from and after the Closing, such party’s and its Non-Recourse Parties’ sole and exclusive remedy, whether in
        any individual, corporate or any other capacity, with respect to any and all claims relating (directly or indirectly) to the subject matter of this Agreement or the transaction contemplated hereby or otherwise with respect to ownership or operation
        of the Company Entities at or prior to the Closing, regardless of the legal theory under which such liability or obligation may be sought to be imposed, whether sounding in contract or tort, or whether at law or in equity,  on public policy
        grounds, under any Law (including under securities Laws or RICO), for conspiracy, aiding or abetting or other similar claim (including with respect to a claim permitted against a party to this Agreement), or otherwise, shall be solely and
        exclusively against a party to this Agreement for breach of any agreement or covenant of such party herein surviving, and

     

    
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    requiring performance at or after, the Closing to the extent provided in Section
          9.01(a) or the provisions of the Escrow Agreement. In furtherance of the foregoing, each of the parties hereto hereby waives, releases and covenants not to sue regarding, on its own behalf and on behalf of its Non-Recourse Parties, to
      the fullest extent permitted under applicable Law, the other party or parties to this Agreement and their Non-Recourse Parties, whether in any individual, corporate or any other capacity, any and all other rights, claims and causes of action such
      party and its Non-Recourse Parties may have against the other party or parties to this Agreement and their Non-Recourse Parties relating (directly or indirectly) to the subject matter of this Agreement or the transactions contemplated hereby
      (including relating to any exhibit, Company Disclosure Letter or document delivered hereunder or any failure to obtain any consent or authorization from any Person in connection with the transactions contemplated hereby) or the ownership or operation
      of the Company Entities prior to the Closing, including whether arising under or based upon any Law (including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended or any other Environmental Laws) or otherwise
      and including any rights to rescission of the transactions contemplated hereby and including any rights of contribution, indemnification, reimbursement or other similar rights, other than claims against the other party or parties for breach of any
      agreement or covenant herein surviving, and requiring performance by it or them at or after, the Closing to the extent provided in Section 9.01(a) or the provisions of the
      Escrow Agreement and other claims against a party to this Agreement that committed Fraud. The parties hereto agree that the limits imposed on the parties’ and their Non-Recourse Parties’ remedies with respect to this Agreement and the transactions
      contemplated hereby (including this Section 9.01(b)) were specifically bargained for between sophisticated parties and were specifically taken into account in determining
      the terms of this Agreement. Each party agrees on behalf of itself and each of its Non-Recourse Parties not to avoid or attempt to avoid the limitations on liability set forth in this Agreement by (i) seeking damages for breach of contract, tort or
      pursuant to any other theory of liability or asserting any claim against any of the  Non-Recourse Parties of another party to this Agreement for conspiracy, aiding or abetting or other theory of liability with respect to a claim that may be asserted
      against a party to this Agreement all of which are hereby irrevocably waived or (ii) asserting or threatening any claim against any Person that is not a party hereto (or a successor to a party hereto) for breaches of the representations, warranties,
      covenants or agreements contained in this Agreement.

     

    9.02       Amendment and Waiver. Except as otherwise expressly provided in Section 9.20, this Agreement may be amended or any provision of this
          Agreement may be waived; provided, that (i) any amendment shall be binding only if such amendment is set forth in a writing executed by
          Seller, the Company and Buyer and (ii) any waiver of any provision of this Agreement shall be effective against Seller, the Company and Buyer only if set forth in a writing executed by such Person. No course of dealing between or among any
          Persons having any interest in this Agreement shall be deemed effective to modify, amend or discharge any part of this Agreement or any rights or obligations of any person under or by reason of this Agreement.

     

    9.03       Notices. All notices, demands and other communications to be given or delivered under or by reason of the provisions of
          this Agreement shall be in writing (including by electronic mail) and shall be deemed to have been given (i) if personally delivered, on the date
          of delivery, (ii) if delivered by express courier service of national standing for next day delivery (with charges prepaid), on the Business Day following the date of delivery to such courier service, (iii) if deposited in the United States mail,
          first-class postage prepaid, on the date of delivery, (iv) if delivered by electronic mail, on (x) the date of such transmission, if such
          transmission is completed on a Business Day prior to 5:00 p.m., local time of the recipient party, and (y) the next Business Day following the
          date of transmission, if such transmission is completed on a Business Day after 5:00 p.m., local time of the recipient party, or at any time on a day that is not Business Day. Notices, demands and communications to the Company, Seller or Buyer
          shall, unless

     

    
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    another address is specified in writing pursuant to the provisions hereof, be sent to the address indicated below:

     

    
      Notices to the Company (prior to the Closing) and/or to Seller:

      

      

      TCFII NxEdge Holdings LLC

      c/o Trive Capital

      2021 McKinney Avenue, Suite 1200

      Dallas, TX 75201

      
        	 	
                Attention:

              	
                David Stinnett, Steve Yoost

              

      

      
        	 	
                Email:

              	
                davidstinnett@trivecapital.com,

                  

                steveyoost@trivecapital.com

              

      

      

      

      with a copy to (which shall not constitute notice):

      

      

      Kirkland & Ellis LLP

      300 North LaSalle

      Chicago, Illinois 60654

      
        	 	
                Attention:

              	
                Jon-Micheal A. Wheat, P.C.

                
                  Katherine M. Bryan

                   

              

      

      
        	 	
                Email:

              	
                jon-micheal.wheat@kirkland.com

                
                  katherine.bryan@kirkland.com

                   

              

      

      

      

      Notices to the Company (following the Closing) and/or to Buyer:

      

      

      EnPro Holdings, Inc.

      c/o EnPro Industries, Inc.

      5605 Carnegie Boulevard, Suite 500

      Charlotte, North Carolina 28209

      
        	 	
                Attention:

              	
                Ian White

                
                  Tom Price

                   

              

      

      
        	 	
                Email:

              	
                ian.white @enproindustries.com

                
                  tom.price@enproindustries.com

                

              

      

      

      

      with a copy to (which shall not constitute notice):

      

      

      Robinson, Bradshaw & Hinson, P.A.

      101 N. Tryon St., Suite 1900

      Charlotte, NC  28246

      
        	 	
                Attention:

              	
                Kelly L. Loving

              

      

      
        	 	
                Email:

              	
                kloving@robinsonbradshaw.com

              

      

      

      

    

    Without limiting the foregoing, any party hereto may give any notice, request, instruction, demand, document or other communication hereunder using any other means
      (including personal delivery, expedited courier, messenger service, ordinary mail or electronic mail), but no such notice, request, instruction, demand, document or other communication shall be deemed to have been duly given unless and until it
      actually is received by the party for whom it is intended.

     

    9.04          Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors and permitted
        assigns. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned (including by

     

    
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    operation of law) without the prior written consent of Seller and Buyer; provided, that this
        Agreement, and all rights, interests and obligations hereunder, may be assigned, in whole or in part, without consent, by Buyer to any of its Affiliates, for collateral security purposes to any Persons providing financing to Buyer, the Company or
        any of its Subsidiaries pursuant to the terms thereof (including for purposes of creating a security interest herein or otherwise assigning as collateral in respect of such financing), or to any Person that acquires all or a material portion of the
        capital stock or other equity interests or the assets or business of Buyer in any form of transaction. No assignment shall relieve the assigning party of any of its obligations hereunder. Any purported assignment of rights or delegation of
        performance obligations in violation of this Section 9.04 is void.

     

    9.05       Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable Law, but if any provision of this Agreement is held to be
        prohibited by or invalid under applicable Law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions of this Agreement. Upon such
        determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an
        acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible.

     

    9.06       No Strict Construction. Notwithstanding the fact that this Agreement has been drafted or prepared by one of the parties, each of Buyer and Seller confirms that they and their respective counsel have reviewed,
        negotiated and adopted this Agreement as the joint agreement and understanding of the parties hereto and the language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule
        of strict construction shall be applied against any Person. In the event an ambiguity or question of intent or interpretation arises with respect to this Agreement, the terms and provisions of the execution version of this Agreement shall control
        and prior drafts of this Agreement shall not be considered or analyzed for any purpose (including in support of parol evidence proffered by any Person in connection with this Agreement).

     

    9.07       Captions. The captions used in this Agreement are for convenience of reference only and do not constitute a part of this Agreement and shall not be deemed to limit, characterize or in any way affect any provision of
        this Agreement, and all provisions of this Agreement shall be enforced and construed as if no such caption had been used in this Agreement.

     

    9.08       Complete Agreement. This Agreement, together with the Company Disclosure Letter, the Confidentiality Agreement and the Ancillary Agreements, whether executed and delivered on or after the date hereof, contain the
        complete agreement among the parties hereto and supersede any prior understandings, agreements or representations by or between such parties, whether written or oral, or any prior course of dealing among them, which may have related to the subject
        matter hereof in any way.

     

    9.09       Company Disclosure Letter. The disclosure of any item in any Section or subsection of the Company Disclosure Letter shall be deemed disclosure with respect to any other Section or subsection to the extent that the
        relevance of such disclosure to such other section or subsection is reasonably apparent from the face of such disclosure, notwithstanding the fact that the Company Disclosure Letter is arranged by sections corresponding to the sections in this
        Agreement or that a particular Section of this Agreement makes reference to a specific Section of the Company Disclosure Letter and notwithstanding that a particular representation and warranty may not make a reference to the Company Disclosure
        Letter. The inclusion of information in the Company Disclosure Letter shall not be construed as, and shall not constitute, an admission or agreement that a violation, right of termination, default, Liability or other obligation of any kind exists
        with respect to any item, nor shall it be construed as or constitute an admission or agreement that such information is material to any of the Company Entities. In addition, matters reflected

     

    
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    in the Company Disclosure Letter are not necessarily limited to matters required by this Agreement to be reflected in the Company Disclosure Letter. Such additional
      matters are set forth for informational purposes only and do not necessarily include other matters of a similar nature. Neither the specifications of any dollar amount in any representation, warranty or covenant contained in this Agreement nor the
      inclusion of any specific item in the Company Disclosure Letter is intended to imply that such amount, or higher or lower amounts, or the item so included or other items, are or are not material, and no Person shall use the fact of the setting forth
      of any such amount or the inclusion of any such item in any dispute or controversy between the parties as to whether any obligation, item or matter not described herein or included in the Company Disclosure Letter is or is not material for purposes
      of this Agreement. Further, neither the specification of any item or matter in any representation, warranty or covenant contained in this Agreement nor the inclusion of any specific item in the Company Disclosure Letter is intended to imply that such
      item or matter, or other items or matters, are or are not in the ordinary course of business, and no Person shall use the fact of setting forth or the inclusion of any such items or matter in any dispute or controversy between the parties as to
      whether any obligation, item or matter not described herein or included in the Company Disclosure Letter is or is not in the ordinary course of business for purposes of this Agreement.

     

    9.10        No Additional Representations; Disclaimer.

     

    (a)       

      Buyer acknowledges, agrees, represents and warrants that none of the Company, Seller or any of their respective Non-Recourse Parties, nor any other Person acting on behalf of any of the
        foregoing Persons or any of their respective Affiliates or Representatives, has made, and Buyer is not relying on, any representation or warranty, express or implied (including as to the accuracy or completeness of any information regarding Seller,
        the Company Entities or their respective businesses, operations or assets), except for the representations and warranties expressly set forth in Article 3 and Article 4 of this Agreement or in the Company Closing Certificate. Buyer further agrees that no Company Entity or Seller or any of their respective Non-Recourse Parties, will
        have or be subject to any Liability to Buyer or any other Person resulting from the distribution to Buyer, or Buyer’s use of, any such information, or any information, document or material made available to Buyer or its Affiliates or their
        respective, counsel, accountants, consultants, advisors, agents or other representatives in certain “data rooms” and online “data sites,” management presentations, management interviews, the confidential information memorandum, the information
        provided pursuant to Section 6.01 or any other form in expectation or anticipation of the purchase and sale of the Purchased Interests or any of the other transactions
        contemplated by this Agreement. Notwithstanding anything to the contrary contained in Section 9.01 and this Section 9.10(a) this Agreement, the agreements, covenants, representations and warranties of Buyer contained in this Section 9.10(a) shall survive the Closing indefinitely.

     

    (b)         Buyer acknowledges and agrees that, except for the representations and warranties of the Seller Parties expressly set forth in Article 3 and Article 4, as applicable, this Agreement or the Company Closing Certificate, the Purchased Interests are being acquired AS IS WITHOUT ANY IMPLIED WARRANTY OF MERCHANTABILITY
        OR FITNESS FOR INTENDED USE OR ANY OTHER EXPRESSED OR IMPLIED WARRANTY. Buyer acknowledges and agrees that it is consummating the purchase and sale of the Purchased Interests and the other transactions contemplated by this Agreement without
        reliance on any representation or warranty, express or implied, whatsoever by the Company, Seller or any of their respective Non-Recourse Parties or any of their counsel, advisors, consultants, agents or other Representatives, except for the
        representations and warranties of the Seller Parties expressly set forth in Article 3 and Article 4,
        as applicable, this Agreement and the Company Closing Certificate.

     

    (c)          In connection
        with Buyer’s investigation of the Company Entities, Buyer has received, directly or indirectly, through its Affiliates, counsel, advisors, consultants, agents or other

     

    
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    representatives, from or on behalf of the Company or its Affiliates, counsel, advisors, consultants, agents or other representatives, certain
      projections, including projected statements of operating revenues, income from operations, and cash flows of the Company Entities (and the business transactions and events underlying such statements) and certain business plan information,
      projections, presentations, predictions, calculations, estimates and forecasts, plans, statements, predictions, presentations, calculations and other similar data, that Buyer is well aware of such uncertainties, that Buyer is taking full
      responsibility for making its own evaluation of the adequacy and accuracy of all estimates, projections, forecasts, plans, statements, calculations, presentations, predictions and other similar data so furnished to it (including the reasonableness of
      the assumptions underlying such estimates, projections, forecasts, plans, statements, calculations, presentations, predictions and other similar data), and that Buyer nor any of its Non-Recourse Parties shall have any claim under any circumstances
      against Seller, the Company Entities or any of their respective Non-Recourse Parties with respect thereto or arising therefrom.  Accordingly, none of Seller, the Company Entities or any of their respective Non-Recourse Parties makes any
      representations or warranties whatsoever to Buyer or any other Person, with respect to such estimates, projections, forecasts, plans, statements, calculations, presentations, predictions and other similar data (including the reasonableness of the
      assumptions underlying such projections, forecasts, plans, statements, calculations, presentations, predictions and other similar data) and no such Person shall be entitled to rely on such estimates, projections, forecasts, plans, statements,
      calculations, presentations, predictions and other similar data for any purpose, including in connection with the purchase and sale of the Purchased Interests or any of the other transactions contemplated by this Agreement or the financing thereof.

     

    (d)          Seller acknowledges, agrees, represents and warrants that none of Buyer or any of its Non-Recourse Parties, nor any other Person acting on behalf of any of the foregoing Persons or any of their respective Affiliates or
        Representatives, has made, and Seller is not relying on, any representation or warranty, express or implied (including as to the accuracy or completeness of any information regarding Buyer or its respective business, operations or assets), except
        for the representations and warranties expressly set forth in this Agreement or the Ancillary Agreements. Notwithstanding anything to the contrary contained in this Agreement, the agreements, covenants, representations and warranties of Seller
        contained in this Section 9.10(d) shall survive the Closing indefinitely.

     

    9.11        Counterparts. This Agreement may be executed in multiple counterparts (including by means of electronically transmitted (including in .pdf or .tif formats) signature pages), all of which, taken together, shall
        constitute one and the same Agreement.

     

    9.12       Governing Law. Except as otherwise expressly provided in Section 9.20, this Agreement, and all claims or causes of action (whether at law or in equity, in contract or in tort) that may be based upon, arise
        out of or relate to this Agreement, or the negotiation, execution or performance hereof, or the transactions contemplated in this Agreement (including any claim or cause of action based upon, arising out of or related to any representation or
        warranty made in or in connection with this Agreement or as an inducement to enter into this Agreement), shall be governed by and enforced in accordance with the internal laws of the State of Delaware, including its statutes of limitations, without
        giving effect to any choice of law or conflict of law provisions or any borrowing statute (whether of the State of Delaware or any other jurisdiction), in any case, that would cause the application of the Laws of any other jurisdiction other than
        the State of Delaware.

     

    9.13       
      CONSENT TO JURISDICTION. SUBJECT TO THE PROVISIONS OF SECTION 1.05 (WHICH SHALL GOVERN ANY DISPUTE ARISING THEREUNDER) AND EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN SECTION 9.20, THE PARTIES AGREE THAT

     

    
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    JURISDICTION AND VENUE IN ANY SUIT, ACTION, OR PROCEEDING BROUGHT BY ANY PARTY PURSUANT TO THIS AGREEMENT
        OR THE TRANSACTIONS CONTEMPLATED HEREBY SHALL PROPERLY AND EXCLUSIVELY LIE IN THE CHANCERY COURT OF THE STATE OF DELAWARE, AND ANY STATE APPELLATE COURT THEREFROM WITHIN THE STATE OF DELAWARE (OR, IF THE CHANCERY COURT OF THE STATE OF DELAWARE
        DECLINES TO ACCEPT JURISDICTION OVER A PARTICULAR MATTER, ANY STATE OR FEDERAL COURT WITHIN THE STATE OF DELAWARE). EACH PARTY ALSO AGREES NOT TO BRING ANY SUIT, ACTION OR PROCEEDING, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
        CONTEMPLATED HEREBY IN ANY OTHER COURT (OTHER THAN UPON THE APPEAL OF ANY JUDGMENT, DECISION OR ACTION OF ANY SUCH COURT LOCATED IN DELAWARE OR, AS APPLICABLE, ANY FEDERAL APPELLATE COURT THAT INCLUDES THE STATE OF DELAWARE WITHIN ITS
        JURISDICTION). BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY IRREVOCABLY SUBMITS TO THE JURISDICTION OF SUCH COURTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY WITH RESPECT TO SUCH SUIT, ACTION OR PROCEEDING. THE PARTIES IRREVOCABLY AGREE
        THAT VENUE WOULD BE PROPER IN SUCH COURT, AND HEREBY WAIVE ANY OBJECTION THAT ANY SUCH COURT IS AN IMPROPER OR INCONVENIENT FORUM FOR THE RESOLUTION OF SUCH SUIT, ACTION OR PROCEEDING. EACH OF THE PARTIES FURTHER IRREVOCABLY AND UNCONDITIONALLY
        CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 9.03. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY
        PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

     

    9.14       WAIVER OF JURY TRIAL. THE PARTIES TO THIS AGREEMENT EACH HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY
          JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (A) ARISING UNDER THIS AGREEMENT OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW
          EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. THE PARTIES TO THIS AGREEMENT EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A
          JURY AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE IRREVOCABLE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

     

    9.15       Prevailing
          Party. Except as otherwise provided in Section 1.05, in any dispute arising out of or related to this Agreement, any of the exhibits or schedules hereto, or any agreement, document, instrument or certificate contemplated hereby, or
        any transactions contemplated hereby or thereby, the applicable adjudicating body shall award to the prevailing party, if any, the costs and attorneys’ fees reasonably incurred by the prevailing party in connection with the dispute and the
        enforcement of its rights under this Agreement, any of the exhibits or schedules hereto, or any agreement, document, instrument or certificate contemplated hereby and, if the adjudicating body determines a party to be the prevailing party under
        circumstances where the prevailing party won on some but not all of the claims and counterclaims, the adjudicating body may award the prevailing party an appropriate percentage of the costs and attorneys’ fees reasonably incurred by the prevailing
        party in connection with the adjudication and the enforcement of its rights under this Agreement, any of the exhibits or schedules hereto, or any agreement, document, instrument or certificate contemplated hereby or thereby.

     

    
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    9.16       Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. Except as otherwise expressly provided
          in Section 9.20, nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than the parties hereto or their respective successors and permitted assigns any rights, remedies or Liabilities under or
          by reason of this Agreement; provided that the Non-Recourse Parties of Seller and, solely with respect to Section 6.09, Persons who were
          officers and/or directors of the Company prior to Closing shall be deemed to be third-party beneficiaries of, and shall be entitled to enforce, Section 1.04, Section 1.05, Section 6.09, Section 9.01 and Section 9.10.

     

    9.17        Specific Performance. The parties hereto agree that irreparable
          damage, for which monetary relief, even if available, would not be an adequate remedy, would occur in the event that any provision of this Agreement is not performed in accordance with its specific terms or is otherwise breached. It is
          accordingly agreed that (i) the parties hereto shall be entitled to an injunction or injunctions, specific performance or other equitable relief
          to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in the courts described in Section 9.13
          without proof of damages or otherwise, this being in addition to any other remedy to which they are entitled under this Agreement and to thereafter cause the transactions contemplated by this Agreement to be consummated, and (ii) the right of
          specific performance and other equitable relief is an integral part of the purchase and sale of the Purchased Interests and the other transactions contemplated by this Agreement and without that right, neither Seller nor Buyer would have entered
          into this Agreement. The parties hereto agree not to assert that a remedy of specific performance or other equitable relief is unenforceable, invalid, contrary to law or inequitable for any reason, and not to assert that a remedy of monetary
          damages would provide an adequate remedy or that the parties otherwise have an adequate remedy at law. The parties hereto acknowledge and agree that any party seeking an injunction or injunctions to prevent breaches of this Agreement and to
          enforce specifically the terms and provisions of this Agreement in accordance with this Section 9.17 shall not be required to
          provide any bond or other security in connection with any such order or injunction.

     

    9.18        Time.
        With regard to all dates, deadlines and time periods set forth or referred to in this Agreement, time is of the essence.

     

    9.19        Provisions Respecting Representation of the Company. Each of the parties to this Agreement hereby agrees, on its own behalf and on behalf of its
          directors, managers, members, partners, officers, employees and Affiliates, that Kirkland & Ellis LLP may serve as counsel to the Company Entities, on the one hand, and certain of their Non-Recourse Parties (individually and collectively, the
          “Seller Group”), on the other hand, in connection with the negotiation, preparation, execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated hereby, and that, following consummation of
          the transactions contemplated hereby, Kirkland & Ellis LLP (or any of its respective successors) may serve as counsel to Seller Group or any director, manager, member, partner, officer, employee or Affiliate of any member of Seller Group, in
          connection with any litigation, claim or obligation arising out of or relating to this Agreement or the purchase and sale of the Purchased Interests or any of the other transactions contemplated by this Agreement notwithstanding such
          representation, and each of the parties hereto (on its own behalf and on behalf of its Affiliates) hereby consents thereto and irrevocably waives any conflict of interest arising therefrom, and each of such parties shall cause any Affiliate
          thereof to consent to irrevocably waive any conflict of interest arising from such representation. The parties agree that from and after the Closing any privilege attaching as a result of Kirkland & Ellis LLP representing the Company or any
          of its Subsidiaries in connection with the purchase and sale of the Purchased Interests and any of the other transactions contemplated by this Agreement shall be controlled by Seller on behalf of Seller and its Non-Recourse Parties. As to any privileged attorney‐client communications between Kirkland & Ellis LLP and the Company or Kirkland & Ellis LLP and any of the Company’s Subsidiaries
          in connection with the transactions contemplated by this Agreement prior to the Closing Date (collectively, the “Privileged Communications”), Buyer, the Company and each of its

     

    
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    Subsidiaries, together with any of their respective Affiliates, Subsidiaries,
        successors or assigns, agree that no such party may use or rely on any of the Privileged Communications in any action against or involving any of the parties after the Closing. In
        addition, if the purchase and sale of the Purchased Interests and the other transactions contemplated by this Agreement are consummated, all Privileged Communications related to such transactions will become property of (and be controlled by)
        Seller, and none of Buyer, the Company or any of its Subsidiaries or any of their respective Affiliates, Subsidiaries, successors or assigns shall retain any copies of such records or have any access to them. In the event that Buyer is legally required or requested by any Governmental Entity to access or obtain a copy of all or a
        portion of the Privileged Communications, Buyer shall be entitled to access or obtain a copy of and disclose the Privileged Communications to the extent necessary to comply with any such legal requirement or request; provided that Buyer
        shall promptly notify Seller in writing (prior to the disclosure by Buyer of any Privileged Communications to the extent practicable) so that Seller can seek a protective order and Buyer agrees to use commercially reasonable efforts (at the sole
        cost and expense of Seller) to assist therewith.

     

    9.20        Debt Financing Party Arrangements.

     

    Notwithstanding anything to the contrary contained in this Agreement, each of the parties hereto: (a) agrees that it will not bring or support any
      Person, or permit any of its Affiliates to bring or support any Person, in any action, suit, proceeding, cause of action, claim, cross-claim or third-party claim of any kind or description, whether in law or in equity, whether in contract or in tort
      or otherwise, against any Person that has committed or subsequently commits to provide or otherwise enters into agreements in connection with providing the Debt Financing to Buyer or any of its Affiliates (the “Financing Sources,” which defined term
      for the purposes of this provision shall include the lenders and financing sources providing the Debt Financing and their respective former, current and future Affiliates, equityholders, members, partners, controlling persons, officers, directors,
      employees, agents, advisors and representatives involved in such Debt Financing) in any way relating to this Agreement or any of the transactions contemplated by this Agreement, including, but not limited to, any dispute arising out of or relating in
      any way to the Debt Financing, in any forum other than the federal and New York State courts located in the Borough of Manhattan within the City of New York; (b) agrees that all claims or causes of action (whether at law, in equity, in contract, in
      tort or otherwise) against any of the Financing Sources in any way relating to the Debt Financing shall be exclusively governed by, and construed in accordance with, the internal laws of the State of New York, without giving effect to principles or
      rules of conflict of laws to the extent such principles or rules would require or permit the application of laws of another jurisdiction; and (c) hereby irrevocably and unconditionally waives any right such party may have to a trial by jury in
      respect of any litigation (whether at law or in equity, in contract, in tort or otherwise) directly or indirectly arising out of or relating in any way to the Debt Financing. Notwithstanding anything to the contrary contained in this Agreement, (i)
      Seller and its Subsidiaries, Affiliates, directors, officers, employees, agents, partners, managers, members or stockholders shall not have any rights or claims against any Financing Source in any way relating to this Agreement or any of the
      transactions contemplated by this Agreement, or in respect of any oral representations made or alleged to have been made in connection herewith or therewith, including any dispute arising out of or relating in any way to the Debt Financing, whether
      at law or in equity, in contract, in tort or otherwise and (ii) no Financing Source shall have any liability (whether in contract, in tort or otherwise) to Seller or any of its Subsidiaries, Affiliates, directors, officers, employees, agents,
      partners, managers, members or stockholders for any obligations or liabilities of any party hereto under this Agreement or for any claim based on, in respect of, or by reason of, the transactions contemplated hereby and thereby or in respect of any
      oral representations made or alleged to have been made in connection herewith or therewith, including any dispute arising out of or relating in any way to the Debt Financing, whether at law or in equity, in contract, in tort or otherwise.
      Notwithstanding anything to the contrary contained in this Agreement, the Financing Sources are intended third-party beneficiaries of, and shall be entitled to the protections of this provision and Sections 9.02 (Amendment and Waiver), 9.12
      (Governing Law), 9.13 (Consent to Jurisdiction) and 9.16 (Third Party Beneficiaries) which cross-reference this Section

     

    
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    9.20 to the same extent as if the Financing Sources were parties to this Agreement. This Section 9.20, and Sections 9.02, 9.12, 9.13 and 9.16 (and any related
      definitions) may not be amended, modified or supplemented, or any of its provisions waived, without the written consent of the Financing Sources, which consent may be granted or withheld in the sole discretion of the Financing Sources.

     

    9.21        Special Indemnity.

     

    (a)          From and
        after the Closing Date, Seller shall indemnify, defend, protect and hold harmless Buyer and its Affiliates (including the Company Entities) from and against all losses, Liabilities, obligations, damages, judgments, assessments, costs and expenses,
        including out-of-pocket expenses for investigation and reasonable attorneys’ fees, arising out of, relating to or resulting from the second numbered matter set forth on Section 3.13
            of the Company Disclosure Letter (the “Indemnified Claim”), up to the amount set forth on Section
            3.13 of the Company Disclosure Letter (the “Reserve Amount”).

     

    (b)          Seller shall
        have the right from and after the Closing Date to assume and conduct the defense of the Indemnified Claim, at its sole cost and expense and with counsel selected by Seller, provided that it conducts such defense in a commercially reasonable and
        diligent manner.  If Seller assumes the defense of the Indemnified Claim, Buyer shall have a reasonable opportunity to also participate in (but not control) the defense of the Indemnified Claim with its own counsel and at its own expense. Seller
        shall be authorized to consent to a settlement of, or the entry of any judgment arising from or in respect of, the Indemnified Claim without the consent of Buyer provided the amount of such settlement does not exceed the Reserve Amount, and
        provided further that Seller shall (i) obtain, as a condition to such settlement or other resolution, a complete release of Buyer and all Company Entities affected by the Indemnified Claim and (ii) the settlement or other resolution does not
        include or entail (A) the imposition of any consent order, injunction or decree that would restrict the future activity or conduct of Buyer or any of its Affiliates (including the Company Entities) or (B) any admission of liability or fault on the
        part of any Company Entity. Buyer and Seller agree to reasonably cooperate with each other in connection with the defense of, negotiations with respect to and if applicable settlement of the Indemnified Claim.  If Seller does not affirmatively
        elect to assume and conduct the defense of the Indemnified Claim within thirty (30) days after the Closing Date or fails thereafter to conduct the defense thereof in a commercially reasonable and diligent manner, Buyer shall have the sole right
        thereafter to conduct and control, through counsel of its own choosing, and the fees, costs and expenses of such defense shall be recoverable solely from the remaining Adjustment Escrow Funds (if any) (and Seller shall not have the right to
        control), the defense, compromise and settlement of the Indemnified Claim. For the avoidance of doubt, Seller shall have no right without Buyer’s prior written consent, which Buyer may grant or withhold in its sole discretion, to consent to a
        settlement of or the entry of any judgment arising from or in respect of the Indemnified Claim for an amount exceeding the Reserve Amount.

     

    (c)         Upon the
        earliest to occur of (x) the execution of a binding memorandum of understanding or similar agreement for settlement of the Indemnified Claim, or (y) the entry of any judgment arising from or in respect of the Indemnified Claim, Buyer and Seller
        shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to promptly release (i) to Buyer, the lesser of (A) any amount so agreed or ordered to be paid by any Company Entity (including attorneys’ fees) pursuant to
        such binding memorandum of understanding, settlement agreement or judgement, plus, in the event of a binding memorandum of understanding or similar agreement for settlement of the Indemnified Claim, a reasonable estimate of any additional
        attorneys’ fees and other expenses that will be paid or payable by any Company Entity with respect to the Indemnified Claim for the period from the date thereof to judicial acceptance of the settlement

     

    
      - 75 -

      
        

    

    and (B) the remaining Adjustment Escrow Funds (if any) up to the Reserve Amount; and (ii) to Seller, the amount, if any, by which the remaining
      Adjustment Escrow Funds (if any) exceed the total amount described in clause (i)(A). Buyer agrees that the payment of up to the Reserve Amount from the Adjustment Escrow Funds in the Adjustment Escrow Account shall be the sole and exclusive remedy
      and source of recovery for Buyer for payments in respect of the Indemnified Claim.  For the avoidance of doubt, neither Seller nor any of its Non-Recourse Parties shall have any liability for any amount due pursuant to this Section 9.21 except to the extent of funds available in the Adjustment Escrow Account (even if the Reserve Amount exceeds the Adjustment Escrow Funds in the Adjustment Escrow Account).

     

    9.22        Electronic
          Delivery. This Agreement and any signed agreement or instrument entered into in connection with this Agreement, and any amendments hereto or thereto, to the extent delivered by means of electronic mail (any such delivery, an “Electronic
          Delivery”), will be treated in all manner and respects as an original agreement or instrument and will be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the
        reasonable request of any party hereto or to any such agreement or instrument, each other party hereto or thereto will re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument
        will raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each
        such party forever waives any such defense, except to the extent such defense related to lack of authenticity.

     

    [Remainder of Page Intentionally Left Blank]

    

    

    
      - 76 -

      
        

    

    IN WITNESS WHEREOF, the parties hereto have executed this Purchase and Sale Agreement as of the date first written above.

     

    	 	
            SELLER

          
	 	 
	 	
            TCFII NXEDGE HOLDINGS LLC

          
	 	 
	 	
            By: 

          	
            /s/ Jackson Chao

          	 
	 	
            Name: Jackson Chao

          
	 	
            Its: Chief Executive Officer

          
	 	 
	 	
            THE COMPANY

          
	 	 
	 	
            TCFII NXEDGE LLC

          
	 	 
	 	
            By: 

          	
            /s/ Jackson Chao

          	 
	 	
            Name: Jackson Chao

          
	 	
            Its: President and Chief Executive Officer

          
	 	 
	 	
            BUYER

          
	 	 
	 	
            ENPRO HOLDINGS, INC.

          
	 	 
	 	
            By: 

          	
            /s/ Robert S. McLean

          	 
	 	
            Name: Robert S. McLean

          
	 	
            Its: Vice President and Secretary

          

    

    

    Signature Page to Purchase and Sale AgreementDocument

Exhibit 10.1
EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT (this “Agreement”), is dated this ___ day of _________, 2021, by and between AMERICOLD LOGISTICS, LLC, a Delaware limited liability company with its principal place of business located in Atlanta, Georgia (the “Company”) and [·] (the “Executive”).
W I T N E S S E T H:
 WHEREAS Executive currently serves as an Executive Vice President and [·] of the Company, and the Executive and the Company are currently parties to an existing Employment Agreement dated [·], (the “Prior Employment Agreement”);  

WHEREAS, the Company desires to continue to employ Executive to serve as an Executive of the Company and the Executive wishes to continue to be so employed, Executive and the Company mutually desire to terminate and cancel the Prior Employment Agreement, and to provide for the continued employment of the Executive upon the terms and conditions set forth herein; and

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, Executive’s entering into this Agreement, as an inducement to remain with the Company, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, each intending to be legally bound hereby, agree as follows:
1.    Employment.  On the terms and subject to the conditions set forth herein, the Company hereby agrees to continue to employ the Executive, and the Executive hereby agrees to continue such employment, for the Employment Term (as defined below). During the Employment Term, the Executive shall serve as Executive Vice President and [·] of the Company and shall report to the President and Chief Executive Officer of the Company (the “CEO”), performing the normal duties and responsibilities of Executive’s position with respect to the business of the Company and such other duties and responsibilities commensurate with such position as the CEO or the Board of Trustees of the Company (the “Board”) may reasonably assign to the Executive from time to time.  
2.    Performance.  The Executive shall serve the Company and its subsidiaries and affiliates faithfully and to the best of the Executive’s ability and shall devote the Executive’s full business time, energy, experience and talents to the business of the Company and its subsidiaries and affiliates, as applicable, and will not engage in any other employment activities for any direct or indirect remuneration without the prior written approval of the Board; provided, however, that it shall not be a violation of this Agreement for the Executive to manage the Executive’s personal financial investments, to engage in or serve such civic, community, charitable, educational, industry, professional, or religious organizations as the Executive may select, or, with the prior approval of the CEO and Board, to serve on one board of directors of other companies (public or private), so long as such service does not create an actual or potential conflict of interest with, or impair the Executive’s ability to fulfill the Executive’s duties hereunder or conflict with the Executive’s covenants under Section 6 of this Agreement, in each case as determined in the sole judgment of the CEO and Board.  

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3.    Employment Term.
(a)    Subject to earlier termination pursuant to Section 7, the term of employment of the Executive hereunder shall begin on [·], 2021 (the “Effective Date”), and shall continue for an indefinite period of time (the “Employment Term”). 
(b)    The Executive’s employment shall be on an at-will basis, which means the Executive’s employment is terminable by either the Company or the Executive at any time for any reason, with or without cause or notice.
4.    Principal Location.  The Executive’s principal place of employment shall be the Company’s offices located in the Atlanta, Georgia metropolitan area, subject to required travel.
5.    Compensation and Benefits.
(a)    Base Salary.  During the Employment Term, the Company shall pay the Executive a base salary, payable in equal installments in accordance with Company payroll procedures, at an annual rate pro-rated to reflect any partial year of employment. The Board or a committee thereof shall review Executive’s base salary on an annual basis and may modify Executive’s base salary from time to time, in which case such modified salary then shall become the Executive’s base salary for purposes of this Agreement.
(b)    Annual Bonus.  The Executive shall be eligible to receive an annual performance-based cash bonus in respect of each calendar year that ends during the Employment Term, to the extent earned based on the achievement of performance objectives recommended by the CEO and approved by the Board or a committee thereof, after consultation with the Executive, no later than thirty (30) days after commencement of the relevant bonus period, pursuant to the terms of the Company’s Annual Incentive Plan (“AIP”), as amended from time to time.  The amount of the AIP will be based on a target percentage (“Target Percentage”) of the Executive’s base salary adjusted with maximums and minimums depending upon performance to be measured based on the achievement of any established performance objectives.  The Board or a committee thereof shall review the Executive’s Target Percentage and may modify the Executive’s Target Percentage from time to time (based upon the recommendation of the CEO), in which case such modified Target Percentage then shall become the Executive’s Target Percentage for purposes of this Agreement. For any partial year, the AIP will be prorated to reflect the actual number of days during the calendar year that the Executive was employed.  The amount of such annual bonus awarded for a calendar year shall be determined by the Board or a committee thereof after the end of the calendar year to which such bonus relates and shall be paid to the Executive when annual bonuses for the prior calendar year are paid to other senior executives of the Company. Except as otherwise provided in Section 7(b), to be eligible for any such annual bonus under this Section 5(b), the Executive must be in Active Working Status at the time the Company pays bonuses for the relevant year to other senior executives generally.  For purposes of this Agreement, “Active Working Status” means that the Executive has not resigned (or given notice of resignation), and the Company has not terminated or given notice to terminate the Executive’s employment with the Company.
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(c)    Long Term Incentive.
(i)    The Executive shall be eligible to participate in such equity and/or long-term incentive programs (individually and collectively, the “Stock Plan”) as established from time to time by the Company’s Board, a committee thereof, and/or the Compensation Committee of the Board of Trustees of Americold Realty Trust (“ART”) shall determine in its sole discretion. Any such equity awards shall be governed by the Stock Plan and any Stock Plan equity award agreements between ART and the Executive.
(ii)    The Executive has been and will continue to be eligible to be granted equity under the Stock Plan. Executive’s eligibility for such programs and amount of compensation will be governed by the Stock Plan and/or equity award agreements entered into with Executive.  Unless explicitly stated herein, in the event of any conflict or ambiguity between this Agreement and the terms of the Stock Plan, any program or agreement entered pursuant to such program, the terms of the Stock Plan, any such program and/or equity award agreement shall govern.  To avoid any doubt, any prior program or equity award agreement pursuant to which Executive has received an equity award or is eligible to receive an equity award based on performance and/or continued employment or some other required satisfaction of time requirements basis, regardless of whether such equity award has vested or remains unvested, remains in full force and effect in accordance with the terms of such program or agreement.
(d)    Benefits.  During the Employment Term, the Executive shall, subject to and in accordance with the terms and conditions of the applicable plan documents in force from time to time and all applicable laws, be eligible to participate in the designated employee benefit, fringe and perquisite plans, practices, policies and arrangements the Company makes available from time to time to its executives generally.
(e)    Paid Time Off.  The Executive shall be entitled to a specified amount of days of paid time off during each calendar year, pro-rated for any partial calendar year of employment, in accordance with the Company’s policies and practices with respect to its associates generally as in effect from time to time.
(f)    Business Expenses.  The Executive shall be reimbursed by the Company for all reasonable and necessary business expenses actually incurred by the Executive in performing the Executive’s duties hereunder.  All payments under this Section 5(f) will be made in accordance with policies established by the Company from time to time and subject to receipt by the Company of appropriate documentation.
(g)    Directors and Officers Liability Insurance.  The Company shall indemnify the Executive for actions during the Employment Term taken by the Executive as an Officer or director of the Company to the full extent authorized by law, provided however that the Company shall not indemnify the Executive for any losses incurred by the Executive as a result of acts or omissions described in Section 7(d)(i).   If the Executive has any knowledge of any actual or threatened action, suit or proceeding, whether criminal, administrative or investigative, as to which the Executive may request indemnity under this provision, the Executive shall give the Company prompt written notice thereof with sufficient detail to enable the Company to determine its indemnity obligations and to act in sufficient time to fulfill its obligations.  The Company shall be entitled to assume the defense 
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of any such proceeding, and the Executive shall cooperate with such defense at Executive’s sole cost.  During the Employment Term, the Company shall maintain director and officer liability insurance covering the Executive on terms that are no less favorable than the coverage provided to other senior executives, officers or directors of the Company, as such coverage may be in effect from time to time.   
6.    Covenants of the Executive.  The Executive acknowledges that in the course of the Executive’s employment with the Company the Executive will become familiar with the Company’s and its subsidiaries’ and affiliates’ trade secrets and with other confidential and proprietary information concerning the Company and its subsidiaries and affiliates, and that the Executive’s services are of special, unique and extraordinary value to the Company and its subsidiaries and affiliates.  Therefore, the Company and the Executive mutually agree that it is in the interest of both parties for the Executive to enter into and maintain the restrictive covenants set forth in the Restrictive Covenant and Mandatory Arbitration Agreement (the “RCMA Agreement”) attached as Exhibit A to this Agreement and incorporated herein. The requirements in the RCMA with respect to the Company’s proprietary and confidential information are in addition to, and not in lieu of, Executive’s obligations under the Executive’s agreement with the Company or its affiliates.   
(a)    Enforcement.  The Executive acknowledges that a breach of the Executive’s covenants and agreements contained in the RCMA and in addition to the remedies outlined in the RCMA, the Company shall be entitled to cease or withhold payment to the Executive of any severance payments described in Section 7 which does not include payments described in Section 7(a), for which the Executive otherwise qualifies under such Section 7, and the Executive shall promptly repay to the Company 90% of any such severance payments the Executive previously received (with the remaining 10% serving as consideration for the Executive’s release of claims described in Section 7(e).) Additionally, upon a material breach by the Executive of the RCMA, the unvested equity awards including any related Dividend Equivalents associated with Restricted Stock Units or Distributions associated with Operating Partnership Units shall be immediately canceled and forfeited without any further action.
(b)     Extension of restricted periods.  In the event the enforceability of the RCMA Agreement is challenged and the Executive is not enjoined from breaching the covenant(s), if the arbitrator (or if the arbitration agreement is challenged, the court) finds that the challenged covenant is enforceable, the restricted period shall be deemed tolled upon the filing of the action challenging the enforceability of the covenant until the dispute is finally resolved and all periods of appeal have expired. 
7.    Termination.
(a)    Termination of Employment.  The employment of the Executive hereunder and the Employment Term may be terminated at any time:
(i)    by the Company with or without Cause (as defined herein) upon written notice to the Executive;
(ii)    by the Company due to the Executive’s Disability (as hereinafter defined) upon written notice to the Executive;
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(iii)    by the Executive with Good Reason (as defined herein);
(iv)    by the Executive under any circumstance upon thirty (30) days written notice to the Company (which notice period may be waived by the Company in its absolute discretion, in which case, such termination shall be effective immediately upon notice of such waiver); or
(v)    without action by the Company, the Executive or any other person or entity, immediately upon the Executive’s death.
If the Executive’s employment is terminated for any reason under this Section 7, the Company shall be obligated to pay or provide to the Executive (or the Executive’s estate, as applicable) in a lump sum within thirty (30) days following such termination, or at such other time prescribed by any applicable plan or applicable laws: (A) any base salary payable to the Executive pursuant to this Agreement, accrued up to and including the date on which the Executive’s employment is terminated, less required statutory deductions; (B) accrued and unpaid Paid Time Off (if and as required by applicable law or the Company’s policies then in effect); (C) any employee benefits to which the Executive is entitled upon termination of the Executive’s employment with the Company in accordance with the terms and conditions of the applicable plans of the Company,; and (D) reimbursement for any unreimbursed business expenses incurred by the Executive prior to the Executive’s date of termination pursuant to Section 5(f) collectively, the “Accrued Amounts”).
(b)    Termination by the Company without Cause or by the Executive for Good Reason.  Subject to Section 11(b), if the Executive’s employment is terminated (A) by the Company without Cause or (B) by the Executive for Good Reason (in either case, other than a termination due to the Executive’s death or Disability), in addition to the Accrued Amounts, the Executive shall be entitled to receive as severance (subject to Section 7(e)), the amounts set forth in this Section 7(b), provided the Executive executes and does not revoke the Release as required by Section 7(e). 
(i)    The Executive shall be entitled to an amount equal to the product of (A) one times (B) the sum of (a) Executive’s annual base salary (as described in Section 5(a)) as in effect immediately prior to the Executive’s termination of employment, plus (b) the  Executive’s annual bonus at Target Percentage (as described in Section 5(b)) as in effect immediately prior to the Executive’s termination of employment (the “Separation Pay”), for a period equal to twelve (12) months (the “Severance Period”).  The applicable amount shall be payable starting on the sixtieth (60th) day following the date of such termination (but with the first payment being a lump sum payment covering all payment periods from the date of termination through the date of such first payment), in substantially equal installments in accordance with the Company’s payroll practices during the Severance Period following the date of such termination, subject to reduction pursuant to 6(a);
(ii)    Any unpaid annual bonus for the calendar year immediately preceding the calendar year of such termination, shall be payable at the time such Annual Bonus would otherwise be paid in accordance with Section 5(b);
(iii)    To the extent performance objectives applicable to the Executive’s annual bonus in the year of termination (including any objectives applicable to the 
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Company’s targeted budget) are earned as of the end of the relevant bonus period, the Executive shall be entitled to the annual bonus earned for the calendar year of such termination pursuant to Section 5(b) of this Agreement, pro-rated based on the number of days the Executive was actively employed by the Company during such bonus period, payable at the time such annual bonus would otherwise be paid in accordance with Section 5(b) of this Agreement;
(iv)    Continued participation in the Company’s current health, dental and vision benefit program designated for Executive for a period of twelve (12) months following the Executive’s termination date (this continued participation period shall run concurrently with  required continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”)); provided that the Company’s obligation to make any payment pursuant to this provision shall cease upon the date the Executive became eligible for coverage under the health plan of a future employer (regardless of whether the Executive elects such coverage) and the Executive shall promptly notify the Company of Executive’s eligibility for any such coverage. 
1)    With regard to the benefits set forth in the preceding paragraph (iv), if the Company cannot continue such benefits because of Code Section 409A or operation of other law, the Company shall compensate the Executive for the cost of replacing such benefits for the relevant period; and to the extent the continuation of such benefits is, or ever becomes, taxable to the Executive, the Company shall administer such continuation of coverage consistent with the following additional requirements as set forth in Treas.  Reg.  § 1.409A-3(i)(1)(iv): (1) the Executive’s eligibility for such benefits in one year shall not affect the Executive’s eligibility for such benefits in any other year; (2) any reimbursement of eligible expenses will be made on or before the last day of the year following the year in which the expense was incurred; and (3) the Executive’s right to such benefits shall not be subject to liquidation or exchange for another benefit.
(v)    Subject to Section 7(b)(vi), to the extent permitted pursuant to the Stock Plan, program terms or equity award agreements, and as provided by the Stock Plan and award agreement, as described in Section 5(c), if any equity awards granted to the Executive under an equity program to which vesting depends upon the satisfaction of time requirements remain(s) unvested at the time of such termination, the next installment that would have vested on the next scheduled vesting date shall vest as of the date of termination and the balance of any unvested equity and/or compensation shall be forfeited. Also, to the extent permitted under the program and/or equity award agreement, both as described in Section 5(c), if any equity awards granted to the Executive under as the Stock Plan to which vesting depends upon the satisfaction of one or more performance conditions remain(s) unvested at the time of such termination, a prorated portion of the performance-vesting equity awards shall remain outstanding and eligible to vest based on the Company’s actual performance through the last day of the applicable performance period, based on the number of days during the applicable performance period that the Executive was employed. Any performance-vesting equity awards that are earned based on actual performance will vest and settle as provided in the applicable equity award agreement. 
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(vi)    If such termination of the Executive’s employment by the Company without Cause or by the Executive for Good Reason occurs within the twenty-four (24) month period following a Change in Control (as such term is defined in the Stock Plan),   
1) any unvested equity award pursuant to Section 5(c) shall become fully vested as if Executive had met and satisfied all performance requirements at target performance and/or time requirements; 
2) a lump sum payment of the product of (A) one and a half (1.5) times  (B) the sum of (a) Executive’s annual base salary (as described in Section 5(a)) as in effect immediately prior to the Executive’s termination of employment, plus (b) the  Executive’s annual bonus at Target Percentage (as described in Section 5(b)) as in effect immediately prior to the Executive’s termination of employment (the “Change in Control Separation Pay”); 
3) any provision specifying a twelve (12) month period following a Change in Control in any existing equity award agreement is hereby specifically superseded; and  
4)    notwithstanding the preceding paragraphs of this Section, if the payments and benefits to be afforded to Executive under this Section either alone or together with other payments and benefits which Executive has the right receive from the Company (“Change in Control Severance Pay and Benefits”) would constitute a “parachute payment” under Section 280G of the Code, and but for this Section, would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Change in Control Severance Pay and Benefits shall be reduced (the “Benefit Reduction”) by the minimum amount necessary to result in no portion of Change in Control Severance Pay and Benefits being subject to the Excise Tax, provided, however, that the Benefit Reduction shall only occur if such reduction would result in Executive’s “net after-tax amount” attributable to the Change in Control Severance Pay and Benefits being greater than it would be if no Benefit Reduction was effected. For this purpose, “Net After-Tax Amount” shall mean the net amount of Change in Control Severance Pay and Benefits the Executive is entitled under this Agreement after giving effect to all federal, state and local taxes which would be applicable to such payments and benefits, including but not limited to, the Excise Tax. Nothing contained herein shall result in the reduction of any payments or benefits to which the Executive may be entitled upon termination of employment and a change in control other than as specified in this Section or a reduction in the Change in Control Severance Pay and Benefits below zero.

(c) Termination of Executive Due to Death or Disability.  If the Executive’s employment is terminated (A) by the Company due to Executive’s Disability or (B) by the Executive’s Death, in addition to the Accrued Amounts, the Executive (or the Executive’s estate or other person as required by law) shall be entitled to receive as severance (subject to Section 7(e)), the benefits as described in Section 7(b)(ii), 7(b)(iii).  Further, the equity awards granted to the 
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Executive under an equity program to which vesting depends upon the satisfaction of time requirements remain(s) unvested at the time of such termination, they shall vest as of the date of termination as if Executive had met all time requirements and any equity awards granted to the Executive under an equity program to which vesting depends upon the satisfaction of one or more performance conditions remain(s) unvested at the time of such termination, a pro-rated portion of the Restricted Stock Units shall immediately become vested at Target Performance Level (regardless of the Company’s performance), based on the number of days during the Performance Period that the Participant was employed with, or providing services to, the Company, as applicable,  provided the Executive, in the case of termination due to Disability, or the Executive’s Estate, in the case of termination due to death, executes and does not revoke the Release as required by Section 7(e) and such release becomes effective and non-revocable prior to the ninetieth (90th) day following the Executive’s Termination of Service date.  If the Restricted Stock Units vest upon on account of Executive’s death or Disability, the Company shall, within 90 days of such termination, (a) issue and deliver to the Executive the number of Shares equal to the number of Vested Units and cash equal to any Dividend Equivalents as provided in the equity award (as adjusted to satisfy the tax withholding requirements provided in the equity award agreement), and (b) enter Executive’s name on the books of the Company as the shareholder of record with respect to the Shares delivered to the Executive.

(d)    Definitions of Certain Terms.  For purposes of this Agreement:
(i)   “Cause” means the Executive’s (A) commission of an act that constitutes common law fraud or a felony, commission of any other crime involving moral turpitude, or commission of any other tortious or unlawful act causing, or which may likely cause, material harm to the business, standing or reputation of the Company without the good faith belief that such conduct was in the best interests of the Company; (B) material breach of this Agreement, after the Company has given the Executive thirty (30) days written notice and an opportunity to cure such breach to the extent curable; (C) willful failure or refusal to perform the Executive’s material duties or obligations under this Agreement, including, without limitation, failure or refusal to abide by the directions of the CEO or the Board or any written policy adopted by the Board, in each case after the Company has given the Executive fourteen (14)  days written notice and an opportunity to cure such failure or refusal to the extent curable; (D) willful misconduct or gross negligence in the performance of the Executive’s duties as an associate, officer or director of the Company or any of its subsidiaries or affiliates; or (E) misappropriation or embezzlement of any property of the Company; (F) failure or refusal by the Executive to perform any lawful material directive of the Board or the Company’s CEO or the duties of the Executive’s employment hereunder which continues for a period of fourteen (14) days following notice thereof; (G) any act by Executive which, in the sole good faith determination of the Company, is sufficient to constitute a felony (or its equivalent in any non-United States jurisdiction) or a crime involving theft, fraud, dishonesty, misrepresentation or moral turpitude; (H) conviction of, or plea of nolo contendere (or a similar plea), to, or the failure of the Executive to contest the Executive’s prosecution for, any other misdemeanor criminal offense; (G) any material violation of any law, rule or regulation affecting business operations of the Company or its subsidiaries or affiliates; (H) Executive’s material violation, as determined by the 
8

sole good faith discretion of the Company, of a Company policy including, but not limited to the violation of any legal or compliance policies or code of ethics, code of business conduct, conflicts of interest policy or similar policies of the Company; (I) the Executive’s breach of the Executive’s fiduciary obligations, or disloyalty, to the Company or any of its subsidiaries or affiliates; (J) any material act or omission to act of the Executive intended to harm or damage the business, property, operations, financial condition or reputation of the Company; (K) the Executive’s failure to cooperate, if requested by the Board or the CEO, with any investigation or inquiry into the Company’s business practices, whether internal or external, including, but not limited to, the Executive’s refusal to be deposed or to provide testimony or evidence at any trial, proceeding or inquiry; or (L) any chemical dependence of the Executive which adversely affects the performance of the Executive’s duties and responsibilities to the Company.
(ii) “Disability” means either (a) the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (b) the Participant is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering the employees of the Company, provided, however, that nothing contained herein shall be construed as permitting a violation of the Americans with Disabilities Act or similar law prohibiting discrimination on the basis of a disability. This definition is intended to comply with the definition of disability provided in Treasury Regulation Section 1.409A-3(i)(4)(i), and shall be interpreted in a manner consistent with such definition.
(iii) “Good Reason” means the occurrence, without the Executive’s written consent, of any of the following events, other than in connection with a termination of the Executive’s employment for Cause or due to death or Disability: (A) material reduction in the Executive’s base salary stated in Section 5(a) or the amount of the Executive’s annual bonus opportunity described in Section 5(b) exclusive of any across the board reduction similarly affection all or substantially all similarly-situated employees; or (B) an action by the Company resulting in a material diminution in the Executive’s authority, duties, or responsibilities; or (C) the Company’s relocation of the Executive’s geographic location of the principal office of the Company to which the Executive is assigned, such that there is an increase to Executive’s commute by more than fifty (50) miles from the Executive’s  then current assigned principal office; or (D) a material breach by the Company of this Agreement; provided, however, that no termination of the Executive shall constitute Good Reason unless and until (i) the Executive reasonably determines in good faith that a Good Reason condition has occurred; (ii) has given written notice of the proposed termination due to Good Reason to the Company, and provides the Company with reasonable details of the circumstances giving rise to the Good Reason event, not later than thirty (30) days following the initial occurrence of such event; (iii) the Company fails to cure the Good Reason event or condition within 
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thirty (30) days of the Company’s receipt of such written notice (the “Cure Period”);  (iv) notwithstanding such efforts, the Good Reason event or condition continues to exist; and (v) the Executive terminates the Executive’s employment within thirty (30) days after the conclusion of the Cure Period. If the Company cures the Good Reason condition during such cure period, Good Reason shall be deemed not to have occurred.  This definition is intended to comply with the safe harbor definition of good reason provided in Treasury Regulation Section 1.409A-1(n)(2)(ii), and shall be interpreted in a manner consistent with such definition. 
(e)      Release of Claims.  As a condition of receiving any severance for which the Executive otherwise qualifies under Section 7(b) or Section 7(c), the Executive agrees to 1) execute, deliver and not revoke, within sixty (60) days following the date of the Executive’s termination of employment, a separation agreement containing a general release of claims against the Company and its subsidiaries and their respective affiliates and their respective employees, officers, directors, trustees, owners and members, in a form determined by the Company, which is similar to the form attached hereto as Exhibit B (the “Release”), such Release to be delivered, and to have become fully irrevocable (if any regulatory revocation period is applicable), on or before the end of such sixty (60)-day period; and 2) not to apply for unemployment compensation chargeable to the Company during the period with respect to which the Executive is receiving such severance..  If the Release has not been executed and delivered and become irrevocable (if any regulatory revocation period is applicable) on or before the end of such sixty (60)-day period, no amounts or benefits under Section 7(b) shall be or become payable.
(f)       No Additional Rights.  The Executive acknowledges and agrees that, except as specifically described in this Section 7, all of the Executive’s rights to any compensation, benefits, bonuses or severance from the Company and its subsidiaries and affiliates after termination of the Employment Term shall cease upon such termination.
8.    Notices.  All notices, requests, demands, claims, consents and other communications which are required, permitted or otherwise delivered hereunder shall in every case be in writing and shall be deemed properly served if: (a) delivered personally; (b) sent by registered or certified mail, in all such cases with first class postage prepaid, return receipt requested; or (c) delivered by a recognized overnight courier service, to the parties at the addresses as set forth below:
If to the Company:    Americold Logistics, LLC Attention: Chief Legal Officer 
    10 Glenlake Parkway
    South Tower, Suite 600
    Atlanta, Georgia 30328

If to the Executive:    At the Executive’s residence address 
    as maintained by the Company in the 
    regular course of its business for 
    payroll purposes.
or to such other address as shall be furnished in writing by either party to the other party; provided that such notice or change in address shall be effective only when actually received by the other 
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party.  Date of service of any such notices or other communications shall be: (a) the date such notice is personally delivered; (b) three (3) days after the date of mailing if sent by certified or registered mail; or (c) one business day after date of delivery to the overnight courier if sent by overnight courier.  
9.    Waiver of Jury Trial. For any suit, action, proceeding or motion that a party is permitted to file in a court notwithstanding the breadth of the RMCA incorporated by Section 6, above, THE PARTIES TO THIS AGREEMENT EACH HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE.  THE PARTIES TO THIS AGREEMENT EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.
10.    Legal
(a)     Jurisdiction; Venue.  For any suit, action, proceeding or motion that a party is permitted to file in a court notwithstanding the breadth of the RMCA incorporated by Section 6, above, each of the parties hereto hereby irrevocably submits to the exclusive jurisdiction of United States District Court for the Northern District of Georgia or any state court with jurisdiction over matters arising in Fulton County, Georgia.  Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted or not prohibited by law, any objection which it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in such a court and any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum.  Each of the parties hereto hereby irrevocably consents to the service of process in any suit, action or proceeding by sending the same by certified mail, return receipt requested, or by recognized overnight courier service, to the address of such party set forth in Section 8.
(b)     Protected Rights. Nothing contained in this Agreement limits the Executive’s ability to file a charge or complaint with the Equal Employment Opportunity Commission or any other federal, state or local governmental agency or commission (collectively, “Government Agencies”), or prevents the Executive from providing truthful testimony in response to a lawfully issued subpoena or court order.  Further, this Agreement does not limit the Executive’s ability to communicate with any Government Agencies or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company. No provision of this Agreement shall be construed to prohibit or otherwise restrict Associate from lawfully reporting waste, fraud, or abuse to a designated investigative or law enforcement representative of a federal department or agency authorized to receive such information.
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(c)     Defend Trade Secrets Act. Under the Defend Trade Secrets Act of 2016: (i) Executive shall not be held criminally or civilly liable under federal or state trade secret law for disclosure of a trade secret  that: (i) is made (A) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and (B) made solely for the purpose of reporting or investigating a suspected violation of law; or (ii) to Executive’s attorney in relation to a lawsuit for retaliation against Executive for reporting a suspected violation of law; or (C) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal so that it is not made public.
11.    Section 409A.
(a)    The intent of the parties is that payments and benefits under this Agreement comply with, or be exempt from, Section 409A of the Code and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and the Company shall have complete discretion to interpret and construe this Agreement and any associated documents in any manner that establishes an exemption from (or compliance with) the requirements of Code Section 409A.  If, for any reason, such as imprecision in drafting any provision of this Agreement (or of any award of compensation, including, without limitation, equity compensation or benefits) does not accurately reflect its intended establishment of an exemption from (or compliance with) Code Section 409A, as demonstrated by consistent interpretations or other evidence of intent, such provision shall be considered ambiguous as to its exemption from (or compliance with) Code Section 409A and shall be interpreted by the Company in a manner consistent with such intent, as determined in the discretion of the Company.
(b)    A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits that are considered nonqualified deferred compensation under Code Section 409A upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A, and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean such a “separation from service.”  The determination of whether and when a separation from service has occurred for proposes of this Agreement shall be made in accordance with the presumptions set forth in Section 1.409A-1(h) of the Treasury Regulations.
(c)     Any provision of this Agreement to the contrary notwithstanding, if at the time of the Executive’s separation from service, the Company determines that the Executive is a “specified employee,” within the meaning of Code Section 409A, then to the extent any payment or benefit that the Executive becomes entitled to under this Agreement on account of such separation from service would be considered nonqualified deferred compensation under Code Section 409A such payment or benefit shall be paid or provided at the date which is the earlier of (i) six (6) months and one day after such separation from service and (ii) the date of the Executive’s death (the “Delay Period”).  Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this Section 11(c) (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or provided to the Executive in a lump-sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein.
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(d)    To the extent that severance payments or benefits pursuant to this Agreement are conditioned upon execution and delivery by Executive of the Release, if the Release is executed and delivered and no longer subject to revocation as provided herein, then the following shall apply:
(i)    To the extent any such severance payment or continuing benefit to be provided under Section 7(b) is not “nonqualified deferred compensation” for purposes of Code Section 409A and no exemption to Code Section 409A applies, then such payment or benefit shall commence upon the first scheduled payment date immediately after the date the Release is executed and if applicable, no longer subject to revocation (the “Release Effective Date”).  The first such cash payment shall include payment of all amounts that otherwise would have been due prior to the Release Effective Date under the terms of this Agreement applied as though such payments commenced immediately upon Executive’s termination of employment, and any payments made thereafter shall continue as provided herein.  The delayed benefits shall in any event expire at the time such benefits would have expired had such benefits commenced immediately following Executive’s termination of employment.
(ii)    To the extent any such severance payment or continuing benefit to be provided is “nonqualified deferred compensation” for purposes of Code Section 409A, then such payments or benefits shall be made or commence upon the sixtieth (60) day following Executive’s termination of employment.  The first such cash payment shall include payment of all amounts that otherwise would have been due prior thereto under the terms of this Agreement had such payments commenced immediately upon Executive’s termination of employment, and any payments made thereafter shall continue as provided herein.  The delayed benefits shall in any event expire at the time such benefits would have expired had such benefits commenced immediately following Executive’s termination of employment.
(e)    Any reimbursements and in-kind benefits provided under this Agreement that constitute deferred compensation within the meaning of Code Section 409A shall be made or provided in accordance with the requirements of Code Section 409A, including, without limitation, that (i) in no event shall any fees, expenses or other amounts eligible to be reimbursed by the Company under this Agreement be paid later than the last day of the calendar year next following the calendar year in which the applicable fees, expenses or other amounts were incurred; (ii) the amount of expenses eligible for reimbursement, or in-kind benefits that the Company is obligated to pay or provide, in any given calendar year shall not affect the expenses that the Company is obligated to reimburse, or the in-kind benefits that the Company is obligated to pay or provide, in any other calendar year; (iii) the Executive’s right to have the Company pay or provide such reimbursements and in-kind benefits may not be liquidated or exchanged for any other benefit; and (iv) in no event shall the Company’s obligations to make such reimbursements or to provide such in-kind benefits apply later than the Executive’s remaining lifetime (or if longer, through the sixth (6th) anniversary of the Effective Date).
(f)    For purposes of Code Section 409A, the Executive’s right to receive any installment payments shall be treated as a right to receive a series of separate and distinct payments.  Whenever a payment under this Agreement specifies a payment period with reference to a number 
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of days (for example, payment shall be made “within thirty (30) days following such termination”), the actual date of payment within the specified period shall be within the sole discretion of the Company.  In no event may the Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement, to the extent such payment is subject to Code Section 409A.
(g)    The Company makes no representation or warranty and shall have no liability to the Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Code Section 409A but do not satisfy an exemption from, or the conditions of, Code Section 409A.
12.    General.
(a)    Governing Law.  Unless preempted by federal law, this Agreement and the legal relations thus created between the parties hereto shall be governed by and construed in accordance with, the internal laws of the State of Georgia, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Georgia or any other jurisdiction) that would cause the application of the law of any jurisdiction other than the State of Georgia.  The parties hereto acknowledge and agree that this Agreement was executed and delivered in the State of Georgia.
(b)    Construction and Severability.  Whenever possible, each provision of this Agreement shall be construed and interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by, or invalid, illegal or unenforceable in any respect under, any applicable law or rule in any jurisdiction, such prohibition, invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or any other jurisdiction, and the parties undertake to implement all efforts which are necessary, desirable and sufficient to amend, supplement or substitute all and any such prohibited, invalid, illegal or unenforceable provisions with enforceable and valid provisions in such jurisdiction which would produce as nearly as may be possible the result previously intended by the parties without renegotiation of any material terms and conditions stipulated herein.
(c)    Cooperation.  During the Employment Term and thereafter, the Executive shall cooperate with the Company and its attorneys, both during and after the Severance Period in connection with any claim, litigation or other proceeding arising out of or relating to matters which the Executive was involved prior to the termination of the Executive’s employment and be reasonably available to the Company with respect to continuing and/or future matters related to the Executive’s employment with the Company, whether such matters are business-related, legal, regulatory or otherwise (including, without limitation, the Executive appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all pertinent information and turning over to the Company all relevant documents which are or may come into the Executive’s possession).  Following the Employment Term, the Company shall reimburse the Executive for all reasonable out of pocket expenses incurred by the Executive in rendering such services that are approved by the Company.  In addition, if more than an incidental cooperation is required at any time after the termination of the Executive’s employment, the Executive shall be paid (other than for the time of actual testimony) a 
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per day fee based on the Executive’s base salary described in Section 5(a) at the time of such termination divided by 225.
(d)    Nondisparagement.  During the Employment Term and thereafter, the Executive shall not, directly or indirectly, take any action, or encourage others to take any action, to disparage the Company, its associates, officers, trustees, products, services, customers or owners; provided, however, this provision does not apply to the Executive’s oral or written communications made in the performance of the Executive’s duties as provided in this Agreement, including but not limited to expressions of opinion communicated internally at the Company or to the Company’s trustees.
(e)    Successors and Assigns.  This Agreement shall bind and inure to the benefit of and be enforceable by the Company and its successors and assigns and the Executive and the Executive’s heirs, executors, administrators, and successors; provided that the services provided by the Executive under this Agreement are of a personal nature, and rights and obligations of the Executive under this Agreement shall not be assignable or delegable, except for any death payments otherwise due the Executive, which shall be payable to the estate of the Executive; provided further the Company may assign this Agreement to, and all rights hereunder shall inure to the benefit of, any subsidiary or affiliate of the Company or any person, firm or corporation resulting from the reorganization of the Company or succeeding to the business or assets of the Company by purchase, merger, consolidation or otherwise; and provided further that in the event of the Executive’s death, any unpaid amount due to the Executive under this  Agreement shall be paid to the Executive’s estate.
(f)    Executive’s Representations.  The Executive hereby represents and warrants to the Company that: (i) the execution, delivery and performance of this Agreement by the Executive do not and shall not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which the Executive is a party or by which the Executive is bound; (ii) the Executive is not a party to or bound by any employment agreement, noncompetition or non-solicitation agreement or confidentiality agreement with any other person or entity besides the Company and (iii) upon the execution and delivery of this Agreement by the Company, this Agreement shall be the valid and binding obligation of the Executive, enforceable in accordance with its teens.  THE EXECUTIVE HEREBY ACKNOWLEDGES AND REPRESENTS THAT THE EXECUTIVE HAS CONSULTED WITH INDEPENDENT LEGAL COUNSEL REGARDING THE EXECUTIVE’S RIGHTS AND OBLIGATIONS UNDER THIS AGREEMENT, TO THE EXTENT DETERMINED NECESSARY OR APPROPRIATE BY THE EXECUTIVE, AND THAT THE EXECUTIVE FULLY UNDERSTANDS THE TERMS AND CONDITIONS CONTAINED HEREIN.
(g)    Compliance with Rules and Policies.  The Executive shall perform all services in accordance with the policies, procedures and rules established by the Company and the Board.  In addition, the Executive shall comply with all laws, rules and regulations that are generally applicable to the Company or its subsidiaries or affiliates and their respective associates, trustees and officers.
(h)    Withholding Taxes.  All amounts payable hereunder shall be subject to the withholding of all applicable taxes and deductions required by any applicable law.
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(i)    Entire Agreement.  This Agreement constitutes the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and specifically incorporates Executive’s offer letter, the equity award agreements contemplated under Section 5(c)(i), and the RCMA. This Agreement terminates and supersedes any and all prior agreements, understandings and representations, whether written or oral, by or between the parties hereto or their affiliates which may have related to the subject matter hereof in any way, including without limitation the Prior Employment Agreement and any other existing employment agreement or change in control agreement, which is hereby terminated and cancelled and of no further force or effect, without the payment of any additional consideration by or to either of the parties hereto. 
(j)    Duration.  Notwithstanding the Employment Term hereunder, this Agreement shall continue for so long as any obligations remain under this Agreement.
(k)    Survival.  The covenants set forth in Sections 6 and 12(c) of this Agreement shall survive and shall continue to be binding upon the Executive notwithstanding the termination of this Agreement for any reason whatsoever.
(l)    Amendment and Waiver.  The provisions of this Agreement may be amended or waived only with the prior written consent of the Company and the Executive, and no course of conduct or course of dealing or failure or delay by any party hereto in enforcing or exercising any of the provisions of this Agreement (including, without limitation, the Company’s right to terminate the Employment Term for Cause) shall affect the validity, binding effect or enforceability of this Agreement or be deemed to be an implied waiver of any similar or dissimilar requirement, provision or condition of this Agreement at the same or any prior or subsequent time.  Pursuit by either party of any available remedy, either in law or equity, or any action of any kind, does not constitute waiver of any other remedy or action.  Such remedies and actions are cumulative and not exclusive.
(m)    Counterparts.  This Agreement may be executed in two or more counterparts, all of which taken together shall constitute one instrument.
(n)    Section References.  Section headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose.  The words Section and paragraph herein shall refer to provisions of this Agreement unless expressly indicated otherwise.
(o)    No Strict Construction.  The parties hereto have participated jointly in the negotiation and drafting of this Agreement.  Except as provided in Section 7(b)(vi), in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring either party hereto by virtue of the authorship of any of the provisions of this Agreement. 
(p)    Time of the Essence; Computation of Time.  Time is of the essence for each and every provision of this Agreement.  Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a Saturday, Sunday, or any date on which banks in New York, New York are authorized to be closed, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business day.
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(q)    No Third Party Beneficiaries.  Nothing in this Agreement, express or implied, is intended or shall be construed to give any person other than the parties to this Agreement and their respective heirs, executors, administrators, successors or permitted assigns any legal or equitable right, remedy or claim under or in respect of any agreement or any provision contained herein.                [Signature Page Follows]

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[Signature Page to Employment Agreement]

IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have hereunto executed this Agreement as of the day and year first written above.
    AMERICOLD LOGISTICS, LLC

Date:  ________________________    By:    _______________________________
                    Name:
                    Title:
        

                    [·]

Date: ________________________    ________________________________
 
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EXHIBIT A

RESTRICTIVE COVENANT AND MANDATORY ARBITRATION AGREEMENT

This is an Agreement by and between Associate and Americold Logistics LLC (“Company”).
WHEREAS, Americold Logistics LLC seeks to employ or continue to employ Associate and Associate seeks employment or continued employment with Company;
WHEREAS, Associate’s job with the Company provides Associate, out of necessity, with access to, and responsibilities which relate to, various aspects of the operations of the Company;
WHEREAS, the Company will invest time and resources in the training and development of Associate, including providing access to Company information regarding the Company’s customers, prospective customers, associates, projects, products, services, strategies, technologies, and development concepts;
WHEREAS, the Company has a reasonable and justified business interest in protecting its investment in Associate in connection with its operations, and in protecting the Company’s trade secrets, confidential information, and customer goodwill;
NOW, THEREFORE, in consideration of the promises set forth herein and other good and valuable consideration, including but not limited to (i) employment or continued employment with the Company, (ii) equity awarded under Executive’s Employment Agreement;  and (iii) access to and/or continued access to certain Company confidential information and trade secrets, the receipt and sufficiency of which are acknowledged to be sufficient, legal, and binding consideration, the parties hereto agree as follows:
1.    NON-DISCLOSURE AND NON-USE OF PROPRIETARY INFORMATION.
The Company’s Proprietary Information includes Confidential Information and Trade Secrets.
Confidential Information has many forms, all of which require the protection of the legitimate business interests of the Company.  “Confidential Information” shall mean information of the Company, to the extent not considered a trade secret under applicable law, that (i) relates to the business of the Company, (ii) is disclosed to Associate or of which Associate becomes aware as a consequence of Associate’s relationship with the Company, (iii) possesses an element of value to the Company, (iv) is not generally known to the Company’s competitors, and (v) would damage the Company if disclosed.  Subject to the foregoing, Confidential Information includes, but is not limited to, business development, marketing and sales programs, customer, potential customer, and supplier/vendor information, associate information, pricing information, financial data, regulatory approval strategies, product development and formulas, investigative records, research, testing methodologies and results, computer programs, programs and protocols, and related items used by the Company in its 
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business, whether contained in written form, computerized records, models, prototypes, or any other format, and any and all information obtained in writing, orally, or visually during visits to offices of the Company. Confidential Information shall not include any information that (i) is or becomes generally available to the public other than as a result of an unauthorized disclosure, (ii) has been independently developed and disclosed by others without violating this Agreement, or (iii) otherwise enters the public domain through lawful means.
“Trade Secrets” of the Company shall mean information of the Company, without regard to form, including, but not limited to, technical or non-technical data, algorithms, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product or service plans or lists of actual or potential customers or suppliers which is not commonly known or available to the public and which information (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
It is understood that information presently in the public domain or which comes into the public domain without breach of this Agreement by Associate shall not be Proprietary Information, but the fact that the Company utilizes any such information shall be Proprietary Information.
a)    Maintaining the Company’s Proprietary Information.  Associate agrees not to use, utilize, disclose, or reverse engineer the Company’s Proprietary Information for any purpose other than the Company’s business, except as authorized in writing by the Company.  The covenants made by Associate herein are in addition to, and not exclusive of, any and all other rights to which the Company is entitled under the Proprietary and Confidential Information Agreement, federal and state law, including, but not limited to, rights provided under copyright and trade secret laws, and laws concerning fiduciary duties.  Associate’s obligations under this Paragraph shall remain in effect as long as the information constitutes a Trade Secret under applicable law and/or Confidential Information as defined above.

b)    Return of Documents.  Associate hereby agrees not to disclose, copy, or remove from the premises of the Company any documents, records, tapes or other media or format that contain or may contain Proprietary Information, except as required by the nature of Associate’s duties for the Company or as otherwise approved by an authorized officer of the Company.  Upon termination or cessation of Associate’s employment with the Company, regardless of the reason for such termination or cessation, Associate hereby agrees to return immediately to the Company all originals and copies of documents, records, tapes, or any other media or format that contain or may contain Proprietary Information.
Under the federal Defend Trade Secrets Act of 2016, Associate shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (a) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (b) is made to Associate’s attorney in relation to a 
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lawsuit for retaliation against Associate for reporting a suspected violation of law; or (c) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.

    No provision of this Section or in this Agreement shall be construed to prohibit or otherwise restrict Associate from lawfully reporting waste, fraud, or abuse to a designated investigative or law enforcement representative of a federal department or agency authorized to receive such information.

2.    DISCLOSURE OF THIS AGREEMENT TO FUTURE EMPLOYERS.
Associate agrees to provide a copy of this Agreement to each subsequent employer.  In addition, Associate consents to the Company notifying Associate’s new employer of the Company’s rights and/or Associate’s obligations under this Agreement or otherwise.  
3.    RETURN OF COMPANY PROPERTY.
Associate agrees that upon termination of Associate’s employment with the Company, Associate shall immediately return to the Company any Company property then in Associate’s possession or under Associate’s control, including, without limitation, all notes, drawings, lists, memoranda, flash drives, magnetic disks or tapes, or other recording media containing such Proprietary Information, whether alone or together with non-confidential information, all documents, reports, files, memoranda, records, software, credit cards, door and file keys, telephones, PDAs, iPads, tablets, computers, computer access codes, disks and instructional manuals, or any other physical property that Associate received, prepared, or helped prepare in connection with Associate’s employment. Associate agrees to return all of the Company’s property without destroying, discarding, or deleting the property or information, including any act to delete or eliminate any information on electronic devices.  Upon termination of Associate’s employment with the Company, Associate shall not retain any copies, duplicates, reproductions, or excerpts of Proprietary Information, in any form or manner, nor shall Associate show or give any of the above to any third-party.   Associate further agrees that Associate shall not retain or use any trade name, trademark, service mark, logo, or other proprietary business designation used or owned in connection with the business of the Company.
4.    NON-SOLICITATION OF COMPANY ASSOCIATES.
During the term of Associate’s employment by Company and for a period of eighteen (18) months after termination for any reason, Associate shall not directly or indirectly solicit, recruit, entice, induce, or hire any employee of Company to work for a third-party other than Company or engage in any activity that would cause any associate of Company to terminate Associate’s employment with Company or violate any agreement Associate may have with Company. 
5.    NON-SOLICITATION OF VALUABLE BUSINESS RELATIONSHIPS.
During the term of Associate’s employment with Company and for a period of eighteen (18) months after Associate’s termination of employment for any reason, Associate hereby 
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agrees that he/she will not directly or indirectly solicit, entice or induce, or assist any other person or entity to solicit, entice or induce, any Company customer, vendor, contractor, or other person or entity with whom Associate had Material Contact during Associate’s employment with Company, to terminate or modify its contractual or business relationship with Company or to reduce or limit the amount of business or referrals it provides to Company. For purposes of this Agreement, “Material Contact” means contact between Associate and any Company customer, vendor, contractor, or other person or entity (a) with whom or which Associate dealt on behalf of Company, (b) whose dealings with the Company were coordinated, supervised, or managed by Associate, (c) about whom Associate obtained Confidential Information in the ordinary course of business as a result of Associate’s association with Company; or (d) who receives or received products or services from Company, the sale or provision of which results or resulted in compensation, commissions, or earnings for Associate within two years prior to the date of Associate’s termination of employment.

6.    NON-COMPETITION.
During the term of Associate’s employment with Company and for a period of twelve (12)  months immediately following the termination of Associate’s employment for any reason, Associate shall not, directly or indirectly, seek or obtain any employment or independent contractor relationship with a Competitor or otherwise provide any form of assistance or services to a Competitor, whether paid or unpaid, in the Prohibited Territory, that is the same or similar to those duties actually performed by Associate for the Company during the twelve (12) months prior to Associate’s separation from employment with Company. Notwithstanding the preceding, passive ownership of shares in a public company shall not constitute by itself Competitive Services or assisting others to engage in Competitive Services.

(a) “Competitive Services” means services competitive with the business activities engaged in by the Company as of the date of termination of Associate’s employment with the Company for any reason, or any earlier date of an alleged breach by Associate of the restrictions set forth herein. Competitive Services include, but are not limited to, the provision, operation, maintenance, and/or management of temperature-controlled storage and distribution facilities.

(b) “Competitor” means any individual, corporation, partnership, joint venture, limited liability company, association, or other entity or enterprise which is planning to engage, preparing to engage, or is engaged, wholly or in part, in Competitive Services, including but not limited to the following companies, all of whom engage in Competitive Services (and all of their parents, subsidiaries, or affiliates who engage in Competitive Services) and all of the successors in interest to any of the foregoing: Lineage Logistics, United States Cold Storage, VersaCold Logistics Services, NewCold Advanced Cold Logistics.

(c) “Prohibited Territory” means: (i) the territory where Associate is or was working for the Company at any time during the twelve (12) months prior to the termination of Associate’s employment with the Company for whatever reasons; (ii) Associate’s assigned territory or geographic area of responsibility for the Company at any time during the twelve (12) months prior to the termination of Associate’s employment with Company for whatever reasons; (iii) 
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each city, county and parish in which Associate performed duties for the Company at any time during the twelve (12) months prior to the Associate’s separation date.

7.    RESTRICTIONS REASONABLE/REMEDIES.
Associate acknowledges and agrees that due to the nature of Company’s business, the restrictive covenants contained in in Sections 4 – 6 of this Agreement: (a) are essential for the reasonable, proper, and adequate protection of Company’s business, its goodwill and its trade secrets, proprietary data and confidential information, irrespective of whether such goodwill and assets may be protectable in the jurisdiction of Associate’s state of domicile; (b) are reasonable with respect to length of time, scope and geographic area; and (c) will not prohibit Associate from engaging in other businesses or employment for the purpose of earning a livelihood following the termination of his/her relationship with Company. Associate agrees to notify, and shall notify, Company in writing of each subsequent employer during the course of the restricted time periods identified in Sections 4 - 6 of this Agreement. Such notice must be given to Company within 48 hours of the start of such subsequent employment and shall include the name of the employer, the address of the employer, and the job title and duties being performed by Associate for the subsequent employer.

Associate acknowledges and agrees that any breach by Associate of the covenants contained in this Agreement will result in irreparable injury to the Company and, therefore, in addition to all other remedies provided at law or in equity, Associate agrees and consents that the Company shall be entitled to both preliminary and permanent injunctive relief, without posting a bond, to prevent a breach or contemplated breach by Associate of any of the covenants contained in this Agreement.  
8.    SCOPE OF AGREEMENT.
This Agreement does not itself constitute, nor shall it be interpreted, deemed, or construed to imply a contract of employment for any specific term with the Company.  Associate’s employment with the Company is strictly “at will” and Associate hereby acknowledges and agrees that the execution and performance of this Agreement does not constitute a promise or contract of continued employment.  This Agreement replaces and supersedes any prior agreement which pertains to the same subject matter except covenants made by Associate herein are in addition to, and not exclusive of, any and all other rights to which the Company is entitled under   Proprietary and Confidential Information Agreement.  This Agreement does not relieve Associate of other legal responsibilities and liabilities that Associate has to the Company under applicable state and federal statutes and common law and/or contractual agreements.  Instead, Associate acknowledges that this Agreement only creates additional rights and responsibilities for protecting Company’s interests.  

9.    BINDING EFFECT/SURVIVAL/SEVERABILITY/CAPTIONS.
This Agreement is binding on Associate and Associate’s successors and personal representatives and is for the benefit of the Company, any successor of the Company by reorganization, merger, consolidation, or liquidation, and any assignee of all or substantially all 
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of the stock or assets of the Company.  The Company may assign this Agreement to any such successor or assignee without Associate’s consent.  This Agreement will continue in effect after termination of Associate’s employment with the Company, for whatever reason.  If any part of this Agreement is deemed invalid or unenforceable by an arbitrator or court of competent jurisdiction, this Agreement shall be subject to judicial/arbitrator modification in order to render this Agreement reasonable and enforceable.  The captions/headings herein are for convenience only and shall not be considered to be a part of this Agreement for purposes of its construction or interpretation.
10.    ARBITRATION.  
a)    Intent of this Arbitration Provision. It is the intent of Parties to resolve all disputes, claims, and any other matters arising out of or relating to this Agreement, Associate’s employment by the Company, or termination of employment by binding confidential arbitration in accordance with the provisions of this Agreement. The Parties understand that by entering into this Agreement ASSOCIATE AND THE COMPANY ARE GIVING UP THE RIGHT TO: (1) A JURY TRIAL; (2) FILE A LAWSUIT IN COURT AGAINST THE OTHER; AND (3) THE RIGHT TO BRING A CLASS OR COLLECTIVE ACTION AGAINST THE OTHER IN COURT OR IN ARBITRATION, regarding any claims covered by this Section.
b)    Mandatory Arbitration. In exchange for the mutual promises contained in this Agreement, and as a condition of Associate’s continued employment with the Company, Company and Associate agree that:
i.    any past, present, or future claim, complaint, or dispute that arises out of or relates in any way to this Agreement, Associate’s employment with the Company or termination of employment, whether arising under any federal, state, or local law or regulation, or based in contract, tort, fraud, misrepresentation, or any other legal theory, shall be submitted to binding arbitration to be held in Atlanta, Georgia before a single arbitrator and administered by the American Arbitration Association (“AAA”) in accordance with the AAA Employment Arbitration Rules and Mediation Procedures applicable at the time the arbitration is commenced (the “AAA Rules”), except to the extent the AAA Rules are modified by this Agreement.  If the AAA Rules are inconsistent with the terms of this Agreement, the terms of this Agreement shall govern and control;
ii.    the arbitrator, and not any federal, state, or local court or agency, shall have exclusive authority to rule upon and resolve any dispute relating to the arbitrator’s jurisdiction, including the existence, formation, scope, enforceability of this Section and any dispute relating to the substantive and/or procedural arbitrability of any dispute between the parties;
iii.     the arbitrator’s decision shall be final and binding only on the Parties to this Agreement and the Parties agree that awards deciding issues for similarly situated associates will have no preclusive effect in any arbitration between the Parties;
iv.    the arbitrator shall have no power to award punitive damages to either party, except where an applicable statute allows for punitive damages.
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c)    Covered Claims. For the avoidance of doubt, Covered Claims under this Section include all past, current, and future grievances, disputes, claims, or causes of action that otherwise could be brought in a federal, state, or local court under applicable federal, state, or local laws, arising out of or relating to this Agreement, Associate’s employment with the Company, the termination thereof, including claims Associate may have against the Company or against its officers, directors, supervisors, managers, employees, or agents in their capacity as such or otherwise, or that the Company may have against Associate. The Covered Claims include, but are not limited to, claims for breach of any contract or covenant (express or implied), tort claims, claims for wages, or other compensation due, claims for wrongful termination (constructive or actual), claims for discrimination, harassment, or retaliation (including, but not limited to, harassment or discrimination based on race, age, color, sex, gender, gender identity, transgender status, sexual orientation, national origin, alienage or citizenship status, creed, religion, marital status, partnership status, familial status, domestic violence victim status, military status, predisposing genetic characteristics, medical condition, including pregnancy, psychological condition, mental condition, criminal accusations and convictions, disability, or any other trait or characteristic protected by federal, state, or local law, claims for violation of any federal, state, local or other governmental law, statute, regulation, or ordinance, including, but not limited to, all claims arising under Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Family and Medical Leave Act, the Fair Labor Standards Act, the Equal Pay Act, the Employee Retirement Income Security Act, the Civil Rights Act of 1991, Section 1981 of U.S.C. Title 42, the Worker Adjustment and Retraining Notification Act, the Age Discrimination in Employment Act, the Fair Credit Reporting Act, the Uniform Services Employment and Reemployment Rights Act, the Genetic Information Nondiscrimination Act, all as amended, and together with all of their respective implementing regulations, and any other federal, state, local, or foreign law that governs the Parties’ employment relationship or termination thereof that can be arbitrated under applicable law. Covered Claims under this Agreement include claims that have already accrued and claims that will accrue in the future.
d)    Claims Not Covered. Notwithstanding anything to the contrary in this Section, this Agreement does not cover: claims for interlocutory, equitable relief pending arbitration of a Covered Claim; claims for workers’ compensation benefits; claims for unemployment compensation benefits; whistleblower retaliation claims under the Sarbanes-Oxley Act (SOX) or the Dodd-Frank Act that cannot be arbitrated as a matter of law; and any other claims that, as a matter of law, the Parties cannot agree to arbitrate.  Nothing in this Agreement shall be interpreted to mean that the Associate is precluded from filing complaints with the National Labor Relations Board (NLRB), the Equal Employment Opportunity Commission (EEOC), or any equivalent state or local agency.
e)     Waiver of Class and Collective Actions.  Associate and Company expressly intend and agree that: (i) class and collective action procedures shall not be asserted and will not apply in any arbitration pursuant to this Section; (ii) each party will not assert class or collective claims against the other in court, in arbitration, or otherwise; (iii) each party shall only submit their own individual claims in arbitration and will not seek to represent the interests of any other person; (iv) any claims by Associate will not be joined, consolidated, or heard together with the claims of any other associate; and (v) notwithstanding anything to the contrary in the AAA Rules, and the general grant of authority to the arbitrator in this Section to determine issues of arbitrability, the 
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arbitrator shall have no  authority to compel or to adjudicate any class or collective claim, consolidate different arbitration proceedings, or join any other party to an arbitration between Associate and the Company.
f)    Waiver of Trial by Jury. Associate and the Company understand and fully agree that by entering into this Agreement, they are giving up their right to have a trial by jury and are giving up their normal rights of appeal following the issuance of the arbitrator’s award except as applicable law provides for judicial review of arbitration proceedings.
g)    Claims Procedure. Arbitration shall be initiated by the express written notice of either Party. The aggrieved party must give written notice of any claim to the other Party. Written notice of an Associate’s claim shall be mailed by certified or registered mail, return receipt requested, to the Chief Legal Officer of the Company. Written notice of the Company’s claim will be mailed to the last known address of Associate. The written notice shall identify and describe the nature of all claims asserted and the facts supporting the claims. Written notice of arbitration shall be initiated within the same time limitations established by the federal and Georgia laws applicable to those claims.
h)    Arbitrator Appointment. the arbitrator shall be appointed in the following manner: Shortly after it receives the Demand, the AAA shall send jointly to both parties a letter containing a list of 7 names of potential arbitrators chosen by the AAA from the Employment Dispute Resolution Roster. Each party will then strike (i.e., remove from consideration) a potential arbitrator until there is only one arbitrator remaining. The remaining arbitrator shall be appointed to conduct the arbitration. The claimant shall make the first strike of potential arbitrators, with the responding party striking next. This same process will occur in successive rounds until there is only one arbitrator remaining. Any disputes regarding this process shall be resolved by the AAA in accordance with spirit and intent of this provision.
i)    Discovery. The AAA Employment Arbitration Rules and Mediation Procedures regarding discovery shall apply to arbitration under this Agreement.  To the extent not provided for in the AAA Employment Arbitration Rules and Mediation Procedures, the arbitrator has the power to order discovery upon a showing that discovery is necessary for a party to have a fair opportunity to present a claim or defense.  The arbitrator shall have the authority to set deadlines for completion of discovery.  The arbitrator shall decide all discovery disputes.
j)    Arbitration Fees and Costs. The Company shall be responsible for the arbitrator’s fees and arbitration expenses and any other costs unique to the arbitration hearing, except that the Associate shall be responsible for paying the initial filing fees as provided by the AAA. Each Party shall pay its own deposition, witness, expert, and attorneys’ fees and other expenses to the same extent as if the matter were being heard in court. However, if any Party prevails on a statutory claim that affords the prevailing party attorneys’ fees and costs, or if there is a written agreement providing for attorneys’ fees and costs to be awarded to the prevailing party, the arbitrator may award reasonable attorneys’ fees in accordance with the applicable statute or written agreement. The arbitrator shall resolve any dispute as to the reasonableness of any fees or costs awarded under this paragraph.
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k)    Substantive Law. This Agreement and any arbitration shall be governed by the Federal Arbitration Act (FAA). The arbitrator shall apply the substantive state or federal law (and the law of remedies, if applicable) as applicable to the claim(s) asserted. Claims arising under federal law shall be determined in accordance with federal law. Common law claims shall be decided in accordance with Georgia substantive laws, without regard to conflict of law principles.
l)    Enforcing Award. Judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof and the award will be filed under seal, if allowed by the court.
m)    Confidentiality of Arbitration.  The arbitrator shall maintain the confidentiality of the arbitration and shall have the authority to make appropriate rulings to safeguard that confidentiality.  The rulings and decisions of the arbitrator shall be kept strictly confidential. 
n)    Severability. If any provision of this Section is adjudged to be void or otherwise unenforceable, in whole or in part, the void or unenforceable provision shall be severed, and such adjudication shall not affect the validity of the remainder of the obligations to arbitrate under this Section.
11.    JURISDICTION; VENUE; CHOICE OF LAW.
a)    For or any suit, action, proceeding or motion that a party is permitted to file in a court, the federal and state courts located in Atlanta, Georgia shall have exclusive jurisdiction over such action, and the parties waive any challenge to the personal jurisdiction or venue of such action. 
b)    Except as set forth in Section 10, this Agreement shall be governed by and construed in accordance with the laws of the State of Georgia without giving effect to conflict of laws principles.

12.    MISCELLANEOUS. 
a)    Each of the parties hereto hereby irrevocably consents to the service of process in any suit, action, arbitration, or proceeding relating to this Agreement by sending the same by certified mail, return receipt requested, or by recognized overnight courier service, to the last known address of such party. For Company, such address is:
Americold Logistics LLC
ATTN: Chief Legal Officer 
10 Glenlake Pkwy, N.E.
SUITE 600, SOUTH TOWER
Atlanta, GA 30328
    b)    This Agreement shall be construed and enforced in accordance with the fair meaning of its language and without any presumption or construction against any Party as the drafter.

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13.    WAIVER OF BREACH.
The waiver by the Company of a breach of any provisions of this Agreement shall not operate or be construed as a waiver of any subsequent breach.
14.    AMENDMENTS.
Any attempted modification of this Agreement shall not be effective unless in writing and signed by an authorized officer of the Company and Associate.
15.    AGREEMENT READ, UNDERSTOOD, AND FAIR.
Associate has carefully read and considered all provisions of this Agreement and agrees that all of the restrictions set forth are fair and reasonable and are reasonably required for the protection of the interests of Company.

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EXHIBIT B: Form of Release

WAIVER AND RELEASE
This Waiver and Release (this “Release”) is executed by [·] (the “Executive”) pursuant to Section 7(e) of the Employment Agreement, dated as of [·], by and between AMERICOLD LOGISTICS, LLC and the Executive (the “Employment Agreement”). Capitalized terms used but not defined in this Release have the meanings given to them in the Employment Agreement.
1.    General Release, Claims Not Released and Related Provisions.  
a.    General Release of All Claims.  Executive knowingly and voluntarily releases and forever discharges the Company, its parent corporation, affiliates, subsidiaries, divisions, predecessors, insurers, successors and assigns, and their current and former associates, attorneys, officers, directors and agents thereof, both individually and in their business capacities, and their employee benefit plans and programs and their administrators and fiduciaries (collectively referred to throughout this Severance Agreement as “Releasees”), of and from any and all claims, known and unknown, asserted or unasserted, which the Executive has or may have against Releasees as of the date of execution of this Severance Agreement, including, but not limited to, any alleged violation of1:  

    Title VII of the Civil Rights Act of 1964 and Civil Rights Act of 1991;

    Sections 1981 through 1988 of Title 42 of the United States Code;

    The Employee Retirement Income Security Act of 1974 ("ERISA") (except for any vested benefits under any tax qualified benefit plan);

    The Americans with Disabilities Act of 1990;

    The Age Discrimination in Employment Act of 1967 (“ADEA”);

    The Sarbanes-Oxley Act of 2002;

    The Equal Pay Act;

    The Genetic Information Nondiscrimination Act of 2008;

    any other federal, state or local law, rule, regulation, or ordinance;

    any public policy, contract, tort, or common law; or

    any other basis for recovering costs, fees, or other expenses including attorneys' fees incurred in these matters.

1To be determined by the Company at the time of termination in accordance with applicable law.
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b.    Claims Not Released.  Executive is not waiving any rights Executive may have to: (a) Executive’s own vested accrued employee benefits under the Company’s current health, welfare, or retirement benefit plans as of the Separation Date; (b) benefits and/or the right to seek benefits under applicable workers’ compensation and/or unemployment compensation statutes;  (c) pursue claims which by law cannot be waived by signing this Severance Agreement; (d) enforce this Severance Agreement; and/or (e) challenge the validity of this Severance Agreement.  

c.    Governmental Agencies.  Nothing in this Severance Agreement prohibits or prevents Executive from filing a charge with or participating, testifying, or assisting in any investigation, hearing, whistleblower proceeding or other proceeding before any federal, state, or local government agency (e.g. EEOC, NLRB, SEC, etc.), nor does anything in this Severance Agreement preclude, prohibit, or otherwise limit, in any way, Executive’s rights and abilities to contact, communicate with, report matters to, or otherwise participate in any whistleblower program administered by any such agencies.  However, to the maximum extent permitted by law, Executive agrees that if such an administrative claim is made, Executive shall not be entitled to recover any individual monetary relief or other individual remedies.

d.    Collective/Class Action Waiver.  If any claim is not subject to release, to the extent permitted by law, Executive waives any right or ability to be a class or collective action representative or to otherwise participate in any putative or certified class, collective or multi-party action or proceeding based on such a claim in which the Company or any other Releasee identified in this Severance Agreement is a party.

2.    Acknowledgments and Affirmations.  

a.    Executive affirms that Executive has not filed or caused to be filed and is not a party to any claim, complaint, or action against any of the Released Parties in any forum or form.

b.    Executive also affirms that Executive has reported all hours worked as of the date Executive executes this Severance Agreement and has been paid or has received all compensation, wages, bonuses, commissions and benefits to which Executive may be entitled and that no other compensation, wages, bonuses, commissions or benefits are due to Executive.

c.    Executive further affirms that Executive has no known workplace injuries or occupational diseases.  Executive also affirms that Executive has been granted any leave to which Executive was entitled under the Family and Medical Leave Act or related state or local leave or disability accommodation laws.

d.    Executive also affirms that Executive has not been retaliated against for reporting any allegations of wrongdoing by the Company or any of its officers, directors or associates including, but not limited to, allegations of corporate fraud.

e.    Executive further affirms that all of the Company’s decisions regarding Executive’s pay and benefits through the date of Executive’s execution of this Severance 
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Agreement were not discriminatory based on age, disability, race, color, sex, religion, national origin, or any other classification protected by law.

f.    Executive acknowledges that no provision of this Agreement or any other Agreement between Executive and the Company shall be construed to prohibit or otherwise restrict Executive from lawfully reporting waste, fraud, or abuse to a designated investigative or law enforcement representative of a federal department or agency authorized to receive such information. 
g.    Executive acknowledges and agrees that Executive has entered into agreements with the Company containing certain nondisclosure, intellectual property assignment, non-competition, and non-solicitation provisions, including as set forth in a Confidential and Proprietary Information Agreement and Executive’s Employment Agreement including without limitation, the Restrictive Covenant and Mandatory Arbitration Agreement and that Executive shall be bound by, and shall continue to comply with Employee’s obligations under those agreements and any other agreement between Employee and the Company containing restrictive covenants (“Restrictive Covenants”). Notwithstanding anything contained herein, Employee’s right to receive severance payments and benefits are conditioned on and subject to (A) Executive’s or where applicable, Executive’s estate’s execution and to the extent required by applicable law, and non-revocation of the Release of claims against the company and (B) Executive’s continued compliance with the Restrictive Covenants.
3.    Consideration Period.  The Executive understands that the Executive has [___ (__) days]2 to consider this Release before deciding whether to sign it. The Executive may sign this Release sooner if the Executive chooses, but no sooner than the date of termination of the Executive’s employment. If the Executive chooses to sign this Release before the expiration of such [__day] period, the Executive represents that the Executive’s decision to do so is knowing and voluntary. The Executive agrees that any changes made to this Release after it was delivered to the Executive, whether material or immaterial, do not restart the [___day] period described in this Section. The Company advises the Executive to consult with an attorney before signing this Release.  
4.    [Right to Revoke.3  The Executive understands that the Executive has the right to revoke this Release within seven (7) days after signing it. This Release shall not become effective until the eighth day following the date on which the Executive has signed it without having revoked it (the “Effective Date”). If the Executive chooses to revoke this Release, the Executive must deliver written notice of revocation to the Company in accordance with Section 8 of the Employment Agreement. Any such notice of revocation must be delivered to the Company in a manner calculated to ensure receipt prior to 11:59 p.m. Eastern Time on the day prior to the Effective Date. The Executive understands that if the Executive revokes this Release, the Executive will not be entitled to any of the benefits provided hereunder.]
5.    General Provisions.  The Released Parties expressly deny that they have any liability to the Executive, and this Release is not to be construed as an admission of any such 

2To be determined by the Company at the time of termination in accordance with applicable law.
3To be determined by the Company at the time of termination. 
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liability. This Release is to be construed under the laws of the State of Georgia. This Release constitutes the entire agreement between the Executive and the Company with respect to the issues addressed in this Release. The Executive represents that the Executive is not relying on any other agreements or oral representations not fully expressed in this Release. This Release may not be modified except in writing signed by the Executive and an authorized Company representative. The headings in this Release are for reference only, and do not in any way affect the meaning or interpretation of this Release. As used herein, the phrase “including” means “including, but not limited to” in each instance.  “Or” is used in the inclusive sense of “and/or”. Should any part of this Release be found to be void or unenforceable by an Arbitrator, court of competent jurisdiction (for any suit, action, proceeding or motion that a party is permitted to file in a court notwithstanding the Executive Employment Agreement), or Government Agency, such determination will not affect the remainder of this Release. 
ACCEPTED AND AGREED BY:    
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