Document:

gec-ex101_254.htm

Exhibit 10.1

 

21 March 2018

 

 

Mr. Richard S. Chernicoff

4309 Forest Avenue SE

Mercer Island, WA  98040

 

Dear Mr. Chernicoff:

 

This letter agreement (this “Agreement”), dated as of the date hereof (the “Separation Date”), and, solely with respect to Section 5(b) below, retroactively effective to February 28, 2018 (the “Salary Termination Date”), sets forth terms of your separation from employment with and agreement to provide post-employment consulting services to Great Elm Capital Group, Inc. (the “Company”).

 

In consideration of the promises and undertakings in this Agreement, the parties, intending to be legally bound, agree as follows:

 

	
1.
	
Separation. Effective as of the Separation Date, you hereby separate from employment with the Company and its subsidiaries.  You hereby resign from all officer and director positions with the Company and its subsidiaries, including, without limitation, Great Elm Capital Management, Inc. and GECC GP Corp., in each case, effective as of the Separation Date.  You will promptly take all actions and execute all documents, instruments and agreements as may be reasonably requested by the Company to effectuate the foregoing resignations.

 

	
2.
	
Consulting Agreement. Subject to the supervision of the Company’s Board of Directors (the “Board”) or its designee as well as the other terms and conditions herein, you will manage the Company’s day-to-day efforts to collect disputed amounts owing to the Company under the Purchase and Sale Agreement, dated as of April 6, 2016 (as amended, the “Purchase Agreement”), between Optis UP Holdings, LLC (“Pan Optis”) and the Company (the “Pan Optis Matter”).   Subject to earlier termination pursuant to clause (f) below, the term of this Agreement (the “Term”) shall begin on the Separation Date and continue through final resolution of the Pan Optis Matter.  You will provide regular updates to the Board or its designee on the status of the Pan Optis Matter.  You will have no authority to bind the Company or its subsidiaries in the Pan Optis Matter or otherwise without the Company’s prior express written or electronic mail consent.

 

	
(a)
	
You will provide all services hereunder as an independent contractor. The Company will classify you as an independent contractor for all purposes. Except as permitted under COBRA, you are not entitled to participate in any benefit plan, policy, or program sponsored or maintained by Company for the benefit of its employees, even if it is later determined that you are a common law employee of Company for any purpose. Payments due to you hereunder shall not be subject to withholding except as required by law.

 

	
(b)
	
You will not be required to provide a level of service that materially interferes with your future employment. You will not be required to undertake any activity that would, in your sole view, detract from your professional image and reputation. You will perform your services hereunder in accordance with applicable law.  You will not hold yourself out as a representative of the Company for any purpose other the Pan Optis Matter.

 

	
(c)
	
You will disclose to the Company any conflicts of interest now existing or hereinafter developing during the Term, including, without limitation, economic or ownership interests held in, or services provided to, Pan Optis or any of its affiliates, any known competitor of the Company or any company in which the Company is invested (a "Portfolio Company").

 

	
(d)
	
You acknowledge that you (i) are aware of the restrictions imposed by any applicable securities laws on the purchase or sale of securities, including the securities of any Portfolio Company, or the procurement of the purchase or sale by others of such securities, by any person who has received material, non-public information in relation to such securities and on the communication of such information to any other person when it is reasonably foreseeable that such other person is likely to purchase or sell such securities or procure others to do so in reliance upon such information and (ii) will prevent the use of material, non-public information about the Company or any Portfolio Company in any way that would violate applicable securities laws. In furtherance of the foregoing, you agree to provide the Company with appropriate certifications and/or reasonable documentation evidencing compliance with this Section.

 

	
(e)
	
You will provide the Company with any other information reasonably required for applicable tax, legal or regulatory purposes, including the Internal Revenue Service Form W-9. 

 

	
(f)
	
Your engagement with the Company will be terminable as follows: (i) automatically upon your death or disability, (ii) at any time by the Company for any reason upon 30 days’ prior written notice to you, (iii) at any time by you for any reason upon 30 days’ prior written notice to the Company, (iv) automatically upon expiration of the Term and (v) automatically by the Company (with no prior written notice except as expressly set forth below) for "Cause," if you have (A) engaged in fraud, gross negligence or willful misconduct in your performance of the services contemplated hereby, (B)  willfully engaged in conduct that you know or, based on facts known to you, should know, is materially detrimental to the Company’s business or reputation, (C)  breached any material provision of this Agreement, including, without limitation, Sections 2(d), 3 or 4 hereof, (D) been convicted of, or entered a plea bargain or settlement admitting guilt for, any felony under the laws of the United States or of any state or the District of Columbia or any foreign jurisdiction (other than a traffic violation); (E) been the subject of any order, judicial or administrative, obtained or issued by the Securities and Exchange Commission or any similar securities regulatory agency of any country, for any securities violation including, for example, any such order consented to by you in which findings of facts or any legal conclusions establishing liability are neither admitted nor denied or (F) substantially failed or are unable to perform the level of services contemplated hereby as determined by the Board in good faith, including, without limitation, a good faith determination by the Board that your future employment materially interfered with your ability to provide such level of services; provided, however, that in the case of an event described above in clauses (A) through (C) and (F), only if such Cause has not been corrected or cured by you (to the extent capable of being cured) within thirty days after you have received written notice from the Company of the Company's intent to terminate your engagement for Cause and specifying in reasonable detail the basis for such termination. 

 

	
3.
	
Nondisclosure of Proprietary Information. 

 

	
(a)
	
Except as required in the faithful performance of your duties hereunder or pursuant to section (c) below, you will, in perpetuity, maintain in confidence and will not directly, indirectly or otherwise, use, disseminate, disclose or publish, or use for your benefit or the benefit of any person, firm, corporation or other entity any confidential or proprietary information or trade secrets of or relating to the Company or any Portfolio Companies, including, without limitation, information with respect to the Company’s or any Portfolio Company’s operations, investment performance, processes, products, inventions, business practices, finances, principals, vendors, suppliers, customers, potential customers, marketing methods, costs, prices, contractual relationships, regulatory status, compensation paid to employees or other terms of their engagement, or deliver to any person, firm, corporation or other entity any document, record, notebook, computer program or similar medium containing any such confidential or proprietary information or trade secrets. 

 

	
(b)
	
Upon termination of your engagement for any reason, you will promptly deliver to the Company all correspondence, drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial documents, or any other documents concerning the customers, business plans, marketing strategies, products and/or processes of the Company which contain proprietary information or trade secrets, and all other materials, keys, equipment and any other Company property or property of the Portfolio Companies. 

 

	
(c)
	
You may respond to a lawful and valid subpoena or other legal process but shall give the Company the earliest 

		
possible notice thereof as permitted by applicable law. In connection with any such subpoena or other legal process, you will, promptly upon receipt of the subpoena or other process, make available to the Company and its counsel the documents and other information sought and will assist such counsel in resisting or otherwise responding to such process. 

 

	
4.
	
Non-Disparagement. You and the Company each covenant and agree that, during and following termination of your engagement, you shall not disparage the Company and its subsidiaries, and their respective officers and directors, and the Company, its subsidiaries and their respective officers and directors shall not make or authorize disparaging remarks regarding you. The previous sentence shall not apply, however, in the case of any disparagement which is made (i) in testimony pursuant to a court order, subpoena, or legal process, (ii) to a court, mediator or arbitrator in connection with any litigation or dispute between the Company and you, or (iii) exclusively to you in the course of the Company’s supervision or review of your performance. The parties further agree that you and the Company shall each be entitled (without posting bond or other security) to injunctive or other equitable or monetary relief, as deemed appropriate by any such court or tribunal, to prevent or as a result of a breach of the other party’s obligations in this Section. 

 

	
5.
	
Payments, etc.

 

	
(a)
	
The Company will reimburse your reasonable accrued expenses incurred prior to the Separation Date upon compliance with Company policy on expense reports, etc.

 

	
(b)
	
You acknowledge and agree that you shall not be entitled to any payments of base salary under your prior offer letter with the Company or otherwise for any period following the Salary Termination Date.

 

	
(c)
	
All vesting conditions with respect to your 97,685 performance shares are deemed to have been satisfied.

 

	
(d)
	
Vesting with respect to the 141,437 options issued to you will continue in accordance with the award agreements in respect of such options until such time as this Agreement has been terminated for any reason.  Your separation of employment as contemplated herein will not constitute a break in continuous service.

 

	
(e)
	
You will not be entitled to any Board compensation for any period following December 31, 2017 but will be entitled to the benefit of any applicable indemnification and exculpation provisions set forth in existing written agreements with the Company as of the date hereof or in the organizational documents of the Company or its subsidiaries.

 

	
(f)
	
The Company will pay you the Specified Percentage of the cash proceeds collected by the Company in the Pan Optis Matter after the date of this Agreement net of all fees, costs, expenses and other amounts, including, without limitation, attorneys’ and experts’ fees and expenses, incurred by the Company and its subsidiaries in connection with the Pan Optis Matter (“Net Pan Optis Proceeds”) within 30 business days of the Company’s receipt thereof (the “Recovery Fee”).  For purposes hereof, the “Specified Percentage” shall mean (i) 4.00% of all Net Pan Optis Proceeds up to and including $2,000,000 plus (ii) 5.00% of all Net Pan Optis Proceeds greater than $2,000,000 and up to and including $6,000,000 plus (iii) 7.00% of all Net Pan Optis Proceeds greater than $6,000,000 and up to and including $10,000,000.  Notwithstanding the foregoing, no Recovery Fee shall be due and payable if (x) Net Pan Optis Proceeds are less than $2,000,000 or (y) this Agreement is terminated by the Company for Cause or you terminate this Agreement pursuant to Section 2(f)(iii) hereof. You will be responsible for all taxes on any Recovery Fee payable hereunder.

 

	
(g)
	
The Company will pay you a transaction fee (the “Transaction Fee”) upon execution and delivery by PanOptis and the Company of a binding written agreement, in form and substance acceptable to the Company, which finally resolves all claims alleged in the PanOptis Matter (which agreement shall include a full and unconditional release from Pan Optis and its affiliates of each of the Company, its subsidiaries and their respective officers, directors , employees, agents, advisors and affiliates) in the amount of (i) $80,000 if such agreement has been executed by delivered by the parties on or prior to May 11, 2018, (ii) $40,000 if such agreement has been executed and delivered by the parties on or prior to September 7, 2018 and (iii) $0 

		
thereafter.  Notwithstanding the foregoing, no Transaction Fee shall be due and payable if this Agreement is terminated by the Company for Cause or you terminate this Agreement pursuant to Section 2(f)(iii) hereof.  You will be responsible for all taxes on any Transaction Fee payable hereunder.

 

	
(h)
	
The Company will pay the cost of providing you and your family COBRA benefits for one year following the Separation Date in an amount not to exceed $30,000.  You will be responsible for all taxes on any amounts payable pursuant to this clause (h).

 

 

	
(i)
	
Within ten business days of the date of the Separation Date, the Company will pay you $100,000 (the “Upfront Payment”).  You will be responsible for all taxes thereon.

 

	
(j)
	
Subject to applicable IRS guidelines, the Company will reimburse your reasonable and documented out-of-pocket costs in connection with performing services hereunder.

 

	
6.
	
Injunctive Relief; Survival.

 

	
(a)
	
You recognize and acknowledge that a breach of the covenants contained in Sections 3 and ‎4 will cause irreparable damage to the Company and its goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be inadequate. Accordingly, you agree that in the event of a breach of any of the covenants contained in Section 3 or ‎4 in addition to any other remedy that may be available at law or in equity, the Company will be entitled to specific performance and injunctive relief. 

 

	
 
	
(b)
	
The rights and obligations of the parties arising under Sections 3, 4, 5, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17 and 18 shall survive, and will not be impaired by, the expiration or termination of your engagement hereunder. 

 

	
7.
	
Indemnification. 

 

	
(a)
	
The Company will indemnify, defend and hold you harmless for all losses, costs, expenses or liabilities based upon or arising out of acts or omissions made by you in good faith during the Term while performing services on behalf of the Company within the scope of your engagement by the Company, provided that such acts or omissions do not constitute fraud, willful misconduct or gross negligence. Your indemnification shall, to the extent not in conflict with any applicable insurance policy, be secondary to any and all payment to which you are entitled from any relevant insurance policy issued to or for the benefit of the Company and its affiliates or you. Your indemnification hereunder shall also be secondary to any payment pursuant to any other indemnification obligation of any Portfolio Company, including under any insurance policy issued to or for the benefit of such Portfolio Company, in all cases, to the extent not in conflict with the applicable other indemnification or insurance contract. In the event of payment by the Company pursuant to its indemnification obligations herein, the Company shall be subrogated to the extent of such payment to all of your rights of recovery, including your rights under any insurance policies. The obligations of the Company under this Section ‎8 shall survive any termination of this Agreement. 

 

	
(b)
	
For any claims indemnified by the Company under Section 7‎(a), to the fullest extent permitted by law, the Company shall promptly pay expenses (including reasonable legal fees and expenses) incurred by you in appearing at, participating in or defending any action, suit, claim, demand or proceeding in advance of the final disposition of such action, suit, claim, demand or proceeding, including appeals, within thirty days after receipt by the Company of a written statement or statements from you requesting such advance or advances from time to time as well as a written  undertaking from you to repay any amounts advanced (without interest) to the extent that it is ultimately determined that you were not entitled under this Agreement or applicable law to be indemnified by the Company.. No other form of undertakings shall be required of you other than the execution of this Agreement and submission by you to the Company of reasonably detailed invoices in respect to such request for advancement. If a claim for indemnification (following the final disposition of such action, suit, 

		
claim, demand or proceeding) or advancement of expenses under this Section 9 is not paid in full within thirty days after a written claim therefor by you has been received by the Company, you may file proceedings to recover the unpaid amount of such claim and, if successful in whole or in part, shall be entitled to be paid the reasonable expense of prosecuting such claim. 

 

	
8.
	
Company Release

 

	
(a)
	
Effective as of the Separation Date, you hereby, on your behalf and on behalf of your affiliates, agents, heirs, executors, administrators, successors, personal representatives and/or assigns (collectively, the “Employee Releasors”),  unconditionally, fully, and completely release and forever discharge each of the Company’s and its subsidiaries’ respective officers, directors, managers, members, partners, shareholders, lenders, funding sources, investors, employees, vendors, agents, attorneys, accountants, affiliates, predecessors, successors and assigns (collectively, the “Company Released Parties,”) from any claim and all manner of action and actions, including but not limited to claims arising under Title VII, 42 U.S.C. §1981, Title 29 USC §621-634, unemployment, constructive termination and all other causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, costs, expenses (including reasonable attorney’s fees), losses, liabilities, judgments, executions, claims, liens, damages, wages, and demands of whatever nature, whether known or unknown, anticipated or unanticipated, suspected or unsuspected, accrued or to accrue in the future, for or by reason of any matter, cause, or thing whatsoever, in law or in equity, under local, state, or federal statutory or common law or administrative regulation (collectively, “Claims”), which any of the Employee Releasors ever had, now has, or hereafter can, shall or may have against any of the Company Released Parties, from the beginning of the world up to and including the Separation Date.  Employee Releasors hereby agree that they (or any them) will not commence, prosecute, file, or permit to be commenced, prosecuted or filed in their name or on their behalf, any lawsuit, claim or action against any of the Company Released Parties based upon or arising out of any act or event which occurred before the Separation Date (whether known or unknown, anticipated or unanticipated, suspected or unsuspected).  The release and waiver contained in this Section 8 is a material inducement for the Company in entering into this Agreement. 

 

	
(b)
	
You further acknowledge and agree that this release and waiver of rights is knowing and voluntary, that you have consulted (or been given the opportunity to consult) with an attorney regarding the terms and conditions of this Agreement, that you have read this Agreement in its entirety, and that you fully understands all of the terms and conditions contained herein.  You further acknowledge that you are entering into this Agreement knowingly, voluntarily and of your own free will.  Furthermore, you acknowledge that you were permitted a reasonable period of time to consider whether or not to enter into this Agreement and either took the time or opted to return the executed Agreement before that time.

 

	
(c)
	
You agree to execute an additional release and undertaking substantially in the form of this Section 8 at the time of, and as a condition to, payment by the Company to you of any Recovery Fee and/or Transaction Fee due and owing hereunder.

 

	
(d)
	
For the avoidance of doubt, nothing in this Section 8 shall release any economic rights in any vested equity securities of the Company or its subsidiaries owned by you or your affiliates as of the Separation Date.

 

	
9.
	
Employee Release

 

(a)Effective as of the Separation Date, , the Company hereby, on its behalf and on behalf of its subsidiaries’ respective officers, directors, managers, members, partners, shareholders, lenders, funding sources, investors, employees, vendors, agents, attorneys, accountants, affiliates, predecessors, successors and assigns (collectively, the “Company Releasors”),unconditionally, fully, and completely releases and forever discharges each of you and your agents, heirs, executors, administrators, successors, personal representatives and/or assigns (collectively, the “Employee Released Parties,”) from any Claims which any of the Company Releasors ever had, now has, or hereafter can, shall or may have against any of the Employee Released Parties, from the beginning of the world up to and including the Separation Date other than any Claims arising out of any Employee Released Parties’ fraud, gross negligence or willful misconduct.  Company Releasors hereby agree that they (or any them) will not commence, prosecute, file, or permit to be commenced, prosecuted or filed in their name or on their behalf, any lawsuit, claim or action against any of the Employee Released Parties based upon or arising out of any act or event which occurred before the Separation Date (whether known or unknown, anticipated or unanticipated, suspected or unsuspected) other than with respect to any Claims arising out of any Employee Released Party’s fraud, gross negligence or willful misconduct.  The release and waiver contained in this Section 9 is a material inducement for you in entering into this Agreement. 

 

(b)The Company further acknowledges and agrees that this release and waiver of rights is knowing and voluntary, that the Company has consulted (or been given the opportunity to consult) with an attorney regarding the terms and conditions of this Agreement, that it has read this Agreement in its entirety, and that it fully understands all of the terms and conditions contained herein. The Company further acknowledges that it is entering into this Agreement knowingly, voluntarily and of its own free will.  Furthermore, the Company acknowledges that it was permitted a reasonable period of time to consider whether or not to enter into this Agreement and either took the time or opted to return the executed Agreement before that time.

 

(c)Upon the Company’s receipt of the release and undertaking contemplated by Section 8(c) above duly executed by you, the Company will execute an additional release and undertaking substantially in the form of this Section 9.

 

 

10.CIAA.  You acknowledge that the employee confidentiality and invention assignment agreement (the “CIAA”) you entered into with the Company remains in full force and effect.

 

11.Track Record.  You acknowledge that, as between you and the Company, the Company and its subsidiaries exclusively own all right, title and interest in and to the investment performance history and “track record” of the Company and its subsidiaries, including the funds under their management and any other investment vehicles managed by the Company and/or its subsidiaries for any period.

 

12.Binding on Successors. This Agreement will be binding upon and inure to the benefit of the Company, you and each party’s respective successors, assigns, personnel and legal representatives, executors, administrators, heirs, distributees, devisees, and legatees, as applicable. 

 

13.Complete Agreement. This Agreement, together with the CIAA, contains the complete agreement and understanding concerning the consulting arrangement between the parties and shall supersede all other agreements, understandings or commitments between the parties as to such subject matter. 

 

14.Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original, but all of which together will constitute one and the same Agreement. 

 

15.Choice of Law. This Agreement shall be governed by, and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made in and solely performed in Delaware. 

 

16.Any dispute arising out of or relating to this Agreement or the breach thereof or otherwise arising out of your employment or the termination of that employment (including, without limitation, any claims of unlawful employment discrimination or any other claims based on any statute) shall, to the fullest extent permitted by law, be settled by arbitration before a single arbitrator in Boston pursuant to the JAMS Employment Arbitration Rules and Procedures as then in effect, subject to a direction to the arbitrator to apply such rules in a manner to minimize cost and maximize efficiency and speed of resolution to the maximum reasonable extent permitted under such rules and applicable law consistent with obtaining a fully enforceable resolution of such dispute.  The arbitrator must only choose between the position, in total, that you advance or the position, in total, that the Company advances as the closest to the correct resolution of all matters being arbitrated based on the law and the facts.  The arbitrator shall award the prevailing party its reasonable attorneys’ fees, costs and expenses in connection with such arbitration.  This paragraph shall be specifically enforceable. Notwithstanding the foregoing, this paragraph shall not preclude either party from pursuing a court action for the sole purpose of obtaining a temporary restraining order or a preliminary injunction in circumstances in which such relief is appropriate; provided that any other relief shall be pursued through an arbitration proceeding pursuant to this paragraph.

 

17.If any provision of this Agreement is held by an arbitrator or court of competent authority to be unenforceable, the parties intend that (a) the remaining provisions of this Agreement shall be enforced in accordance with their terms and (b) the court shall substitute a replacement provision that is enforceable that, as closely as possible, accomplishes the purposes intended by such original provision.

 

18.This Agreement may only be amended or modified pursuant to a written agreement executed by the Company and you.

 

If this Agreement correctly sets forth the terms of your engagement by the Company, please sign and return one copy of this Agreement to me, whereupon it shall become your and our binding agreement.

 

Very truly yours,

 

 

 

Peter A. Reed

Chief Executive Officer

Great Elm Capital Group, Inc.

 

Accepted and agreed to as of the date first written above:

 

 

 

/s/ Richard S. Chernicoff

Richard S. ChernicoffSTOCK
PURCHASE AGREEMENT

AND
PLAN OF REORGANIZATION

 

BY
AND BETWEEN

SHAREDLABS, INC., AS PURCHASER

 

AND

 

JONATHAN
A. CLARK, AS SELLER

 

DATED
AS OF NOVEMBER [  ], 2017

 

 

 

    	 

     

    

 

STOCK
PURCHASE AGREEMENT

 

AND

 

PLAN
OF REORGANIZATION

 

This
Stock Purchase Agreement (this “Agreement”), is made on this day of November 2017, by and between, SHAREDLABS,
INC., a Delaware corporation (the “Purchaser”) and JONATHAN A. CLARK, (the “Seller”), an
individual residing in the State of California and the sole shareholder of Exois, Inc., a California corporation (the “Company”).

 

RECITALS

 

WHEREAS,
the Seller owns Three Hundred Thousand (300,000) shares of common stock issued and outstanding, having no par value of the Company
with a principal place of business at 6472 Camden Avenue Suite #102B, San Jose, CA 92013 (the “Common Stock”).
The Company has no other capital stock of any class or series authorized or issued or outstanding. The Seller owns all of the
issued and outstanding shares of Common Stock. The Seller desires to sell to the Purchaser, and the Purchaser desires to purchase
from the Seller, all of the issued and outstanding shares of the Company’s capital stock owned by the Seller in accordance
with the terms, and subject to the conditions, contained in this Agreement. Capitalized terms used and not otherwise defined in
this Agreement have the respective meanings ascribed to such terms in Section 7.

 

IN
CONSIDERATION of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound subject to the terms and conditions herein set forth, hereby agree
as follows:

 

1.
Purchase and Sale of Shares; Purchase Price.

 

1.1
Contribution and Agreement to Sell and Purchase Shares.

 

(a)
In accordance with the terms and subject to the conditions of this Agreement, at the Closing (as defined below), Seller shall
contribute, assign, transfer and deliver to Purchaser all of the issued and outstanding shares of Common Stock of the Company
(the “Purchased Shares”) free and clear of all Liens.

 

(b)
In exchange for the contribution to Purchaser of the Shares will:

 

(i)
issue to Seller one hundred forty nine thousand sixty seven (149,067) shares of Purchaser’s common stock (the “Rollover
Shares”) at an agreed value of $6.82/share,

 

(ii)
issue the Broker fifteen thousand eight hundred eighty nine (15,889) shares of Purchaser’s common stock (the “Additional
Rollover Shares”) at an agreed value of $6.82/share;

 

    	 

     

    

 

(c)
The total purchase price and consideration to be paid by the Purchaser for the purchased Shares and all accrued benefits and rights
attaching thereto is one million one hundred seven thousand four dollars ($1,007,004) (the “Purchase Price”).

 

1.2
Section 338 (h)(10) Election. Neither Purchaser, Seller nor any other person shall make any election under Section 338(h)(10)
of the Code (and any corresponding elections under state, local and foreign Tax law) (collectively, a “Section 338(h)(10)
Election”) with respect to the purchase and sale of the Purchased Shares.

 

1.3
Section 368(a)(1)(B) Reorganization. Purchaser and Seller acknowledge that the material factor in deciding whether to consummate
the transaction is the ability for Seller to defer the gain from the sale of the Shares and agree to enter into a Plan of Reorganization
(“Plan”) and resolutions (together with the Plan, “Plan Documents” as set forth in Exhibit
“ “, which shall be duly ratified and authorized) evidencing the ratification and authorization of Purchaser and Company
to enter into the Plan.

 

2.
Closing. The consummation of the transactions contemplated by this Agreement (the “Closing”) is being
held remotely via electronic or other exchange of closing deliverables, or at such physical location as the parties may mutually
agree upon, concurrently with the execution and delivery of this Agreement. The “Closing Date” is November
[ ], 2017.

 

2.1
Deliveries of the Purchaser. At the Closing, the Purchaser is delivering to the

Seller:

 

(a)
the Power of Attorney as required by Seller under IRS Form 8821 to provide notices be sent to Seller with respect to Taxes
for which Seller might become liable pursuant to this Agreement;

 

(b)
the Employment Agreement between the Company and Seller;

 

(c)
a certificate representing the Rollover Shares and the Additional Rollover Shares, duly authorized, issued, executed and delivered
to the Seller;

 

(d)
the Plan Documents;

 

(e)
the Put Option Agreement for Seller;

 

(f)
the Put Option Agreement for Broker;

 

(g)
a Secretary’s Certificate in substantially the form attached hereto as Schedule 2.1(i), for Purchaser, duly executed
by the Secretary or other officer of Purchaser.

 

2.2
Deliveries of the Seller. At the Closing, the Seller is delivering or causing to be delivered to the Purchaser:

 

(a)
one or more certificates representing the Purchased Shares and the Contributed Shares, together with stock powers separate from
the certificates duly executed by the Seller in blank;

 

    	 

     

    

 

(b)
a Stock Assignment Separate From Certificate executed by the Seller, transferring the Shares to the Purchaser;

 

(c)
a Secretary’s Certificate or Officer’s Certificate in substantially the form attached hereto as Schedule 2.2(e),
duly executed by the Secretary or other officer of the Company;

 

(d)
the Employment Agreement;

 

(e)
the Plan Documents;

 

(f)
the Put Option Agreement; and

 

(g)
the written resignations of all directors of the Company’s Board of Directors, with such resignation to be effective no
later than the Closing Date.

 

2.3
Intentionally Omitted.

 

2.4
Transfer Taxes. All transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and fees (including
any penalties and interest) incurred in connection with this Agreement (including any real property transfer Tax and any other
similar Tax) shall be borne and paid when due by the party responsible for such taxes under applicable Law. Purchaser shall, at
its own expense, timely file any Tax Return or other document with respect to such Taxes or fees (and Seller shall cooperate with
respect thereto as necessary).

 

3.
Representations and Warranties of the Seller and the Company. The Seller and the Company hereby, jointly and severally,
represent and warrant to the Purchaser as follows:

 

3.1
Authorization, Enforceability, Title to Shares.

 

(a)
Seller.

 

(i)
The Seller has full legal capacity to execute and deliver this Agreement and the Transaction Documents to be executed and delivered
by the Seller and to perform the Seller’s obligations under this Agreement and such Transaction Documents. The Seller’s
execution, delivery and performance of this Agreement and the Transaction Documents to which the Seller is a party and the consummation
of the transactions contemplated by this Agreement and such Transaction Documents by the Seller (i) are within the powers and
authority of the Seller and (ii) do not (A) require any action by or in respect of, or filing with, any Governmental Authority
or any other Person, including the receipt by the Seller or the Company of any Governmental Approval or other Consent, or (B)
contravene, violate or constitute, whether with or without the passage of time or the giving of notice or both, a breach or default
under, any Law applicable to the Seller or any Contract to which the Seller or any of the Seller’s properties is bound or
subject.

 

(ii)
This Agreement and each of the Transaction Documents entered into by the Seller are the legal, valid and binding obligations of
the Seller, enforceable against the Seller in accordance with their respective terms.

 

    	 

     

    

 

(iii)
The Seller is the record and beneficial owner of one hundred (100%) percent of all the issued and outstanding shares of Common
Stock of the Company, free and clear of all Liens, other than Liens set forth on Schedule 3.1 which will be discharged
at Closing upon the Purchaser’s payment of the Purchase Price. Upon the Seller’s transfer of the Shares to the Purchaser
pursuant to this Agreement, the Purchaser’s issuance of the Rollover Shares and Additional Rollover Shares in accordance
with this Agreement and Plan Documents, and the consummation of the transaction contemplated by this Agreement, the Purchaser
will acquire good title to the Shares, free and clear of all Liens.

 

(iv)
There is no pending or, to Seller’s Knowledge, threatened Litigation, and no Order entered (A) imposing or seeking to impose
limitations on the Seller’s ability to hold or exercise full rights of ownership of any of the Purchased Shares (B) restraining
or enjoining or prohibiting or seeking to restrain, enjoin or prohibit the Seller from consummating the transactions contemplated
by this Agreement or the other Transaction Documents to which the Seller is a party.

 

3.2
Capitalization.

 

(a)
Share Ownership. The Purchased Shares constitutes one hundred percent (100%) percent of the issued and outstanding capital
stock of the Company.

 

(b)
Capital Stock of the Company. The Purchased Shares constitute one hundred percent (100%) of the shares of Common Stock
of the Company, and no other shares of capital stock of the Company are outstanding. The Purchased Shares have been duly authorized
and validly issued and are fully paid and non-assessable. The Seller is not party to any shareholders’ agreements, voting
trusts or proxies, with respect to the voting of the Purchased Shares and there are no outstanding warrants, options, rights,
convertible or exchangeable securities or other Contract(s) (other than this Agreement) pursuant to which the Seller is or may
become obligated to issue, sell, purchase or redeem any Purchased Shares.

 

(c)
No Equity Rights. There are no preemptive or similar rights with respect to any debt or equity securities of the Company
which may be now or hereafter issued by the Company. There are no subscriptions, options, warrants, conversion or other rights,
agreements, commitments, arrangements or understandings of any kind obligating the Company, contingently or otherwise, to issue
or sell, or cause to be issued or sold, any debt or equity security of the Company, or any securities convertible into or exercisable
or exchangeable for any such debt or equity securities, outstanding, and no authorization therefor has been given. There are no
outstanding contractual or other rights or obligations to or of any of the security holders of the Company or any other Person
to repurchase, redeem or otherwise acquire any outstanding shares or other debt or equity securities of the Company.

 

3.3
No Violations. Except as set forth on Schedule 3.3, the Seller’s execution, delivery and performance of this
Agreement and the Transaction Documents to be executed, delivered and performed by the Seller and the consummation of the transactions
contemplated hereby and thereby, do not and will not (with or without the giving of notice or the lapse of time or both) result
in a violation or breach of or default under, vest or create in any other Person any right or claim under, or result in the creation
of any Lien (or any obligation to create any Lien) upon the Purchased Shares or any of the properties or assets of the Company,
(a) any Law applicable to the Seller, the Company or any of their respective properties or assets considered as a whole, (b) any
provision of any of the Organizational Documents of the Company or (c) any Contract to which the Seller or any Company is a party
or by which any of their respective properties or assets considered as a whole may be bound.

 

    	 

     

    

 

3.4
Corporate Status.

 

(a)
Organization. Company is duly organized, validly existing and in good standing under the laws of California, and has full
corporate or limited liability company power and authority, as applicable, to conduct its business and to own or lease and to
operate its properties as presently being conducted.

 

(b)
Qualification to do Business. The Company is duly qualified to do business and in good standing in the respective jurisdictions
specified in Schedule 3.4(b), and are qualified in each jurisdiction where the failure to qualify would have a Material
Adverse Effect upon the Company.

 

(c)
Organizational Documents. A true and complete copy of Company’s Organizational Documents as in effect on the Closing
Date are attached to this Agreement as Schedule 3.4(c). Company is not in violation of any of the provisions of its Organizational
Documents.

 

(d)
Subsidiaries or Interests in Other Persons. The Company does not have any Subsidiaries. The Company does not own any debt,
equity or other ownership or financial interest in any other Person.

 

3.5
Financial Statements. The Seller and the Company have delivered to the Purchaser true and complete in all material respects
copies of the Company’s Financial Statements, which are listed on Schedule 3.5(a). The Financial Statements have been derived
from the financial books and records of account of the Company. Except as set forth as Schedule 3.5(b), the Year-End Financial
Statements have been prepared in accordance with the Company’s standard accounting practices and procedures consistently
applied for the periods indicated in the Year-End Financial Statements. Subject to customary year-end adjustments and the absence
of footnotes disclosure and except as set forth on Schedule 3.5(b), the Interim Financial Statements have been prepared
in accordance with the Company’s normal accounting policies and procedures on a consistent basis throughout the periods
presented in the Interim Financial Statements. The financial books and records of account of the Company has been maintained in
the ordinary course of business and accurately and fairly reflect, in reasonable scope and detail in accordance with good business
practice, the transactions and assets and liabilities of the Company and such other information as is contained in the financial
books and records. The balance sheets included in the Financial Statements present fairly the financial position of the Company
as at the respective dates thereof; and the statements of income, profits and losses, statements of shareholder’s equity
and statements of cash flows included in such Financial Statements present fairly the results of operations and changes in shareholders’
equity and cash flows of the Company for the respective periods indicated subject, in the case of Interim Financial Statements,
only to customary year-end adjustments and absence of footnotes disclosure.

 

    	 

     

    

 

3.6
Undisclosed Liabilities. Except as set forth on Schedule 3.6, the Company has no liabilities, obligations or commitments
of a type required to be reflected on a balance sheet prepared in accordance with GAAP, except (i) those which are adequately
reflected or reserved against in the most recent balance sheet of the Company included in the Interim Financial Statements (the
date of such balance sheet, the “Balance Sheet Date”); and (ii) those which have been incurred in the ordinary
course of business since the Balance Sheet Date.

 

3.7
Absence of Changes. Except as set forth on Schedule 3.7; since the Balance Sheet Date, (i) the Company has carried
on their business in the ordinary course consistent with past practice, and (ii) there has been no event, occurrence, change or
development that has had a Material Adverse Effect.

 

3.8
Tax Matters.

 

(a)
Except as set forth on Schedule 3.8(a), (i) all Tax Returns of the Company that were required to be filed on or before
the date of this Agreement have been duly and timely filed and are correct and complete in all material respects, (ii) all Taxes
for periods prior to the Closing and due and payable prior to Closing by the Company has been paid on or before the Closing or
an adequate provision therefor has been made on the financial books and records of the Company, and (iii) Company is currently
not a beneficiary of any extension of time within which to file any Tax Return.

 

(b)
None of the assets of the Company are subject to a Lien with respect to Taxes except Permitted Liens.

 

(c)
There are no pending claims (other than a claim that has been finally settled and fully paid) concerning any possible liability
for Taxes of the Company asserted, raised or, to the Seller’s Knowledge, threatened by the IRS or any other taxing authority.

 

(d
Schedule 3.8(d) lists all Tax Returns that have been filed with respect to the Company that are currently the subject of
a pending audit or examination by the IRS or any other taxing authority.

 

(e)
Company has not: (i) waived any statute of limitations, (ii) agreed to any extension of the period for assessment or collection,
or (iii) executed or filed any power of attorney with respect to Taxes, which waiver, extension, agreement or power of attorney
is currently in force.

 

3.9 Real
Property. No Owned Real Property; Real Estate Leases. The Company does not own any real property. The Company is not a
party to any Contract providing for the purchase or sale, or a right of purchase or sale, of any real property. Schedule
3.9 contains a complete and accurate list of all Contracts pursuant to which Company is currently the lessee, sublessee,
licensee, user or occupant of any real property (each, a “Real Estate Lease”). Each Real Estate Lease
grants the Company party thereto the exclusive right to use and occupy the real property rights demised and intended to be
exclusively demised under each Real Estate Lease, subject to the terms and conditions of such Real Estate Lease. All
of the real property demised under the Real Estate Leases (the “Company Real Property”) constitutes all
the leasehold interests in real property held by the Company. The Company has the legal right to enjoy peaceful and
undisturbed possession under the respective Real Estate Leases for the Company Real Property.

 

    	 

     

    

 

3.10
Material Contracts.

 

(a)
Schedule 3.10(a) lists each of the following Contracts of the Company that are currently pending or in effect together
with all Real Estate Leases listed in Section 3.9 of the Disclosure Schedules, collectively, the “Material Contracts”):

 

	 	 	(i)	Intentionally
    Omitted;
	 	 	 	 
	 	 	(ii)	all
    agreements that relate to the sale of any Company’s assets, other than in the ordinary course of business, for consideration
    in excess of $5,000;
	 	 	 	 
	 	 	(iii)	all
    agreements that relate to the acquisition of any business, a material amount of stock or assets of any other Person or any
    real property (whether by merger, sale of stock, sale of assets or otherwise), in each case involving amounts in excess of
    $5,000;
	 	 	 	 
	 	 	(iv)	except
    for agreements relating to trade receivables, all agreements relating to indebtedness for borrowed money (including, without
    limitation, guarantees) of the Company, in each case having an outstanding principal amount in excess of $5,000;
	 	 	 	 
	 	 	(v)	all
    agreements between or among the Company on the one hand and Seller or any Affiliate of Seller (other than Company) on the
    other hand;
	 	 	 	 
	 	 	(vi)	relating
    to (A) the employment or engagement or termination of employment or engagement of any Person as an employee, consultant, representative
    or agent by the Company which may not be terminated without penalty or other obligation (including any severance, termination
    or indemnification payment required under such Contract) by the Company; or (B) the payment to any Person by the Company of
    any bonus, award, payment or other remuneration of any kind which is contingent on a sale of the Company or any of its assets
    or any change in control;
	 	 	 	 
	 	 	(vii)	limiting
    the ability of the Company to engage in any line of business or to compete with any Person; and
	 	 	 	 
	 	 	(viii)	all
    collective bargaining agreements or agreements with any labor organization, union or association to which theCompany is a
    party.

 

(b)
The Company has delivered or made available to the Purchaser accurate and complete copies of each of the Material Contracts. The
Company is not in breach of, or default under, any Material Contract, except for such breaches or defaults that would not have
a Material Adverse Effect.

 

    	 

     

    

 

3.11
Intellectual Property. Schedule 3.11 sets forth a list as of the date hereof of all patents and pending applications therefor,
all registrations of trademarks, patents, tradenames and service marks and all pending applications therefor, all registrations
of copyrights and all pending applications therefor and all licenses or other agreements with respect to each of the foregoing,
all to the extent that the foregoing items are used in the business in which the Company are presently engaged and are owned by
the Company or, in the case of such licenses or other agreements, to the extent the Company has rights thereunder (collectively,
“Intellectual Property”). All of the patents, trademarks, tradenames, service marks, copyrights and licenses
or other agreements listed on Schedule 3.11 are valid and in full force and effect, except as otherwise noted on Schedule
3.11. To Seller’s Knowledge, the Company is not infringing upon, or otherwise violating, the rights of any third party
with respect to any Intellectual Property in any material respect.

 

3.12
Insurance. Schedule 3.12 contains a true and complete list of all insurance policies maintained by the Company or with
respect to which the Company is a named insured or otherwise the beneficiary of coverage (other than life insurance policies and
group insurance policies) (collectively, the “Insurance Policies”). Such Insurance Policies are in full force
and effect on the date of this Agreement and all premiums due on such Insurance Policies have been paid. Except as set forth on
Schedule 3.12, Company has not received written notice that any insurer under any policy referred to in this Section 3.12
is denying liability with respect to a claim thereunder or defending under a reservation of rights clause. Set forth on Schedule
3.12 are all claims that the Company has submitted to any insurance carrier during the twenty-four-month period ending on
the Closing Date.

 

3.13
Litigation. Except as set forth on Schedule 3.13, there is no Litigation pending, or to Seller’s Knowledge
threatened, by or against any of the Seller, the Company or any of their respective properties or assets. There are no outstanding
Orders against any of the Seller or the Company.

 

3.14
Compliance with Laws. Except as set forth on Schedule 3.14 (i) the Company is in compliance with all Laws applicable
to it or any of its respective properties, assets, operations or business other than violations which, individually or in the
aggregate, would not have a Material Adverse Effect. None of the representations and warranties contained in this Section 3.13
shall be deemed to relate or apply to tax matters (which are governed by Section 3.8), environmental matters (which are governed
by Section 3.14), employee and labor matters (which are governed by Section 3.16), or employee benefits matters (which are governed
by Section 3.17).

 

3.15
Environmental Matters. The Company has all material Permits that are required under applicable Environmental Laws to conduct
its businesses. All such Permits are valid and current and no revocation, cancellation or withdrawal therefrom has been affected
or, to the Seller’s Knowledge, is threatened. Since January 1, 2003, the operations of the Company has been and is in compliance
in all respects with all Environmental Laws. There are no pending nor, to the Knowledge of the Seller, threatened Environmental
Claims against the Company.

 

    	 

     

    

 

3.16
Affiliate Transactions. All agreements between or among Company on the one hand and Seller or any Affiliate of Seller (other
than Company) on the other hand are set forth on Schedule 3.16. Each Contract set forth on Schedule 3.16 (a) has,
except as otherwise expressly stated on Schedule 3.16, been entered into the normal and ordinary course of the Company’s
business and pursuant to the reasonable requirements thereof, and (b) is based upon fair and reasonable terms no less favorable
to the Company than it could have obtained in a comparable arm’s-length transaction with an unaffiliated Person.

 

3.17
Employees and Labor Matters.

 

(a)
Schedule 3.17(a) in all material respects accurately sets forth with respect to each employee of the Company (including
any employee who is on a leave of absence or on temporary layoff status subject to recall): (i) the name of such employee; (ii)
such employee’s title; and (iii) such employee’s compensation.

 

(b)
Company is not a party to, or bound by, any collective bargaining or other agreement with a labor organization representing any
of its Employees. Since January 1, 2016, there has not been, or to Seller’s Knowledge and any threat of, any strike, slowdown,
work stoppage, lockout, concerted refusal to work overtime or other similar labor activity or dispute affecting the Company.

 

(c)
To Seller’s Knowledge, the Company is in compliance with all applicable Laws pertaining to employment and employment practices
to the extent they relate to its employees, except to the extent non-compliance would not result in a Material Adverse Effect.
Except as set forth on Schedule 3.17(b), there are no actions, suits, claims or other legal proceedings against the Company
pending, or to the Seller’s Knowledge, threatened to be brought or filed, by or with any Governmental Authority or arbitrator
in connection with the employment of any current or former employee of the Company, including, without limitation, any claim relating
to unfair labor practices, employment discrimination, harassment, retaliation, equal pay or any other employment related matter
arising under applicable Laws.

 

(d)
The representations and warranties set forth in this Section 3.16 are the Seller’s sole and exclusive representations and
warranties regarding employment matters.

 

3.18
Benefit Plans. Schedule 3.18(a) sets forth a complete and accurate list of all benefits that Company provides its
employees. Company does not maintain any benefit plans governed by ERISA.

 

3.19
Bank Accounts. Schedule 3.19 completely and accurately states the names and addresses of each bank, financial institution,
fund, investment or money manager, brokerage house and similar institution in which the Company maintains any account (whether
checking, savings, investment, trust or otherwise), lock box or safe deposit box, and the account numbers and name of all Persons
having authority to affect transactions with respect thereto or other access thereto.

 

3.20
No Brokers or Finders. Other than ACE BUSINESS BROKERS INCORPORATED, neither the Company, the Seller, nor any of their
respective shareholders, officers, directors or employees has employed any broker or finder or incurred any liability for any
brokerage fees, commissions or finder fees in connection with the transactions contemplated by this Agreement.

 

    	 

     

    

 

3.21
Disclaimer of Implied Warranties. Except as otherwise expressly set forth in this Agreement, neither the Seller nor Company,
nor any officer, director, employee, representative or agent thereof make any representations or warranties of any kind or nature,
whether express, or implied, with respect to the Seller, the Company, or any of their respective assets, liabilities, operations,
prospects or otherwise. Seller expressly disclaim any representations or warranties of any kind or nature, express or implied,
written or oral, as to the condition, value or quality of the business, Purchased Shares, assets or real property, and Seller
specifically disclaims any representation or warranty of merchantability, usage, suitability or fitness for any particular purpose,
and Purchaser shall rely on its own examination and investigation thereof as well as the representations and warranties set forth
solely in this Agreement or any other Transaction Document.

 

4.
Representations and Warranties of the Purchaser. The Purchaser hereby represents and warrants to the Seller as follows:

 

4.1
Corporate Status, Authorization; Capitalization. The Purchaser is a corporation duly incorporated, validly existing and
in good standing under the laws of the State of Delaware. The Purchaser has the corporate power and authority to execute and deliver
this Agreement and the Transaction Documents to which it is a party, to perform its obligations hereunder and thereunder and to
consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the Transaction
Documents to which the Purchaser is a party, the performance of its obligations hereunder and thereunder, and the consummation
of the transactions contemplated hereby and thereby, have been duly authorized by all requisite corporate action of the Purchaser.
The Purchaser has duly executed and delivered this Agreement and each Transaction Document to which the Purchaser is a Party.
This Agreement and each Transaction Document to which the Purchaser is a Party constitutes the legal, valid and binding obligation
of the Purchaser enforceable against the Purchaser in accordance with its respective terms. Purchaser

 

4.2
Litigation. There is no pending or, to the Purchaser’s knowledge, threatened Litigation, and no Order entered or
outstanding restraining or enjoining or prohibiting or seeking to restrain, enjoin or prohibit the Purchaser from consummating
the transactions contemplated by this Agreement and the other Transaction Documents.

 

4.3
No Brokers or Finders. Neither the Purchaser nor any of its shareholders, directors, officers, employees, agents and representatives
has employed any broker or finder or incurred any liability for any brokerage fees, commissions or finder fees in connection with
the transactions contemplated by this Agreement.

 

4.4
Access to Information. Purchaser and its representatives have had full and complete access to the assets, personnel, properties,
Books, Records, agreements, leases and documents of the Company and Seller and have had the opportunity to inspect such items,
and to make such further inquiries of the Seller and Company and their representatives, in their discretion, have determined to
be necessary to evaluate the Company and the acquisition of the Transferred Equity. The Purchaser acknowledges that it has had
the opportunity to conduct due diligence and investigation with
respect to this transaction. The Purchaser further acknowledges that, to the extent the Purchaser as any of the Purchaser’s
Representatives, by reason of such due diligence and investigation whether or not undertaken, knew or should have known that any
representation or warranty by the Seller or Company is or might be inaccurate or untrue, this constitutes a release and waiver
of any and all actions, claims, suits, damages or rights to indemnity, at law or in equity, against the Seller by the Purchaser
arising out of breach of that representation or warranty.

 

    	 

     

    

 

4.5
No Forecasts. Purchaser acknowledges that Purchaser is not relying upon any financial projections or forecasts from Seller
with respect to this transaction or the Company.

 

4.6
Purchase for Investment. Purchaser is acquiring the Purchased Shares solely for its own account for investment purposes
and not with a view to, or for offer or sale in connection with, any distribution thereof. Purchaser acknowledges that the Purchased
Shares is not registered under the Securities Act of 1933, as amended, or any state securities laws, and that the Purchased Shares
may not be transferred or sold except pursuant to the registration provisions of the Securities Act of 1933, as amended or pursuant
to an applicable exemption therefrom and subject to state securities laws and regulations, as applicable. Purchaser is able to
bear the economic risk of holding the Purchased Shares for an indefinite period (including total loss of its investment), and
has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risk
of its investment.

 

4.7
Review of Schedules. Purchaser and its advisors have received and reviewed all of the Schedules attached hereto, and Purchaser
waives any claim for money damages based upon any fact, event, circumstance or item expressly disclosed on the Schedules.

 

4.8
No Approvals Required. No consent, approval or authorization of any third party or Governmental Authority is required in
connection with the execution and delivery by Purchaser of this Agreement or the Transaction Documents or the consummation of
the transactions contemplated hereby or thereby.

 

4.9
Rollover Equity. Purchaser has provided to Seller all documents, agreements, due diligence and disclosure materials that
Purchaser has provided or made available to any shareholders or subscribers that purchased shares of Purchaser’s common
stock pursuant to subscription agreements with the Purchaser on or prior to the Closing Date.

 

4.10
Contribution Agreement. Purchaser’s representations and warranties set forth in a Plan Documents dated as of even
date herewith by and between Seller and Purchaser are hereby incorporated in their entirety in this Agreement.

 

4.11
Purchaser’s Industry Knowledge. Purchaser’s representations and warranties that it has the requisite knowledge
and industry expertise to operate the Business as Seller and Company has operated the Business.

 

4.12
Purchaser’s Solvency. There is no pending or, to the Knowledge of Purchaser, Claims against Purchaser for the dissolution,
liquidation or insolvency of Purchaser.

 

    	 

     

    

 

5.
Indemnifications.

 

5.1
Survival of Representations and Warranties. The representations and warranties contained in this Agreement shall survive
the Closing until the date that is eighteen (18) months after the Closing (the “Termination Date”) and shall
thereupon expire, together with any right to indemnification for a breach or inaccuracy thereof, and be of no further force or
effect; provided, however, that the representations and warranties contained in Sections 3.1(a)(iii) (Authorization, Enforceability,
Title to Purchased Shares), 3.4(a) (Corporate Status - Organization), 3.4(d) (Corporate Status – Subsidiaries or Interests
in Other Persons), and 3.8 (Tax Matters), and 4.1 (Corporate Status and Authorization); 4.4 (Access to Information); 4.6 (Purchase
for Investment) (collectively, the “Fundamental Representations”) shall survive the Closing until the end of
the applicable statute of limitations period, plus an additional 180 days; provided, further, however, that such rights will survive
to the extent of any Indemnifiable Losses incurred if a Indemnification Claim Notice (conforming to the requirements of this Agreement)
of such Indemnifiable Losses has been given to the Seller or the Purchaser, as applicable, on or before 5:00 p.m., Eastern Standard
Time on the Termination Date and until such time as such indemnity claim has been fully quantified and finally resolved. The covenants
contained in this Agreement shall survive for the period set forth therein or otherwise until fully performed in accordance with
the terms thereof.

 

5.2
Indemnification by Seller. Subject to the limitations set forth in this Agreement, from and after the Closing Date, the
Seller will indemnify and hold harmless the Purchaser and its directors, officers, and agents (hereinafter referred to individually
as a “Purchaser Indemnified Person” and collectively as the “Purchaser Indemnified Persons”),
from and against any and all Indemnifiable Losses that may be imposed upon, incurred by or asserted against any Purchaser Indemnified
Person resulting from, relating to, arising out of, or in connection with:

 

(i)
any misrepresentation or breach or default by the Seller in connection with any of the representations and warranties made by
the Seller in Section 3 of this Agreement; or

 

(ii)
any breach or default by the Seller in connection with any of the covenants and agreements given or made by the Seller in this
Agreement.

 

The
Purchaser and the Purchaser Indemnified Persons shall take and cause their Affiliates to take all reasonable steps to mitigate
any Indemnifiable Losses upon becoming aware of any event which would reasonably be expected to, or does, give rise thereto, including
incurring costs only to the minimum extent necessary to remedy the breach which gives rise to the Indemnifiable Losses.

 

5.3
Indemnification by the Purchaser. Subject to the limitations set forth in this Section, the Purchaser will indemnify and
hold harmless the Seller and his estate and personal representatives (hereinafter referred to individually as a “Seller
Indemnified Person” and collectively as the “Seller Indemnified Persons”) from and against any and
all Indemnifiable Losses that may be imposed upon, incurred by or asserted against any Seller Indemnified Person resulting from,
relating to, arising out of or in connection with:

 

    	 

     

    

 

(i)
any misrepresentation or breach or default by the Purchaser in connection with any of the representations and warranties made
by the Purchaser in Section 4; and

 

(ii)
any breach or default by the Purchaser in connection with any of the covenants and agreements given or made by the Purchaser in
this Agreement; or

 

(iii)
Purchaser’s ownership of the Company or the conduct or operation of the business or affairs of the Company following the
Closing Date, including any liabilities or obligations thereof.

 

The
Seller and the Seller Indemnified Persons shall take and cause their Affiliates to take all reasonable steps to mitigate any Indemnifiable
Losses upon becoming aware of any event which would reasonably be expected to, or does, give rise thereto, including incurring
costs only to the minimum extent necessary to remedy the breach which gives rise to the Indemnifiable Losses.

 

5.4
Limitations.

 

(a)
Seller shall not be obligated to indemnify any Purchaser Indemnified Person with respect to any Indemnifiable Losses as to which
any Purchaser Indemnified Person is otherwise entitled to indemnification pursuant to Sections 5.2(i) and unless and until the
aggregate amount of such Losses exceeds the sum of $90,367.30 (the “Basket Amount”). Seller shall thereafter
indemnify the Purchaser Indemnified Persons for all Indemnifiable Losses of the Purchaser Indemnified Persons from the first dollar
thereof; provided, however, that the maximum aggregate obligation of Seller to the Purchaser Indemnified Persons
(including, but not limited to, Liabilities of Seller for costs, expenses and attorneys’ fees paid or incurred in connection
therewith or in connection with the curing of any or all breaches of Seller’s representations and warranties) collectively
pursuant to Section 5.2(i) shall not exceed $90,367.30 plus $150,000 (the “Cap”); provided, however,
that the Cap for indemnifiable Losses arising from breaches of Fundamental Representations or for Third Party Claims arising from
breaches of Section 3.10 (Intellectual Property) shall be capped at $90,367.30. Except for claims for which Seller has assumed
the defense pursuant to Section 5.5, the Purchaser Indemnified Persons shall bear the burden of demonstrating that any Indemnifiable
Losses to be credited against the Basket Amount were reasonably incurred by the Purchaser Indemnified Persons, without prejudice
to Seller’s rights under this Section 5.

 

(b)
Indemnifiable Losses Net of Insurance and Other Items. The amount of any Indemnifiable Losses for which indemnification
is provided (or the Basket Amount is credited) under this Section 5 shall be net of (i) in the case of Seller’s obligations
under Section 5.2 generally, any reserves (or any overstatement of liabilities in respect of actual liabilities or understatement
of assets in respect of actual assets) included in the Financial Statements, (ii) in the case of Seller’s obligations under
Section 5.2(i) or Purchaser’s obligations under Section 5.3(ii), (A) any amounts recovered or recoverable by the Indemnified
Party pursuant to any indemnification by, or indemnification agreement with, any Third Party, and (B) any insurance proceeds or
other cash receipts or sources of reimbursement received as an offset against such Indemnifiable Loss (and no right of subrogation
shall accrue to any insurer or Third Party indemnitor hereunder) provided, however, that the applicable Indemnified Person shall
use its best efforts to recover all such insurance proceeds and
indemnity, contribution or other similar payments to which it may be entitled, and (iii) an amount equal to the present value
of the Tax benefit, if any, attributable to such Indemnifiable Loss. A Tax benefit will be considered to be recognized by the
applicable Indemnified Person for purposes of this Section 5.4 in the tax period in which the indemnity payment occurs. If the
amount to be netted hereunder from any payment required under Section 5.2 or 5.3 is determined after payment by the indemnifying
party of any amount otherwise required to be paid to an Indemnified Party pursuant to this Section 5, the applicable Indemnified
Person shall repay to the indemnifying party, promptly after such determination, any amount that the indemnifying party would
not have had to pay pursuant to this Section 5 had such determination been made at the time of such payment.

 

    	 

     

    

 

(c)
Intentionally Omitted.

 

(d)
Intentionally omitted.

 

(e)
The Purchaser and the Purchaser Indemnified Persons agree to indemnify and hold Seller harmless from and against, and to reimburse
Seller with respect to, that portion of the Indemnifiable Losses for which Seller is not obligated to indemnify the Purchaser
Indemnified Persons pursuant to Section 5.4.

 

5.5
Indemnification Procedures.

 

(a)
Notice of Claim. Any Person making a claim for indemnification pursuant to this Agreement (an “Indemnified Party”)
shall give the party from whom indemnification is sought (an “Indemnifying Party”) written notice of such claim (an
“Indemnification Claim Notice”) within fifteen (15) business days after (i) in the case of Third Party Claims (as
defined below), the Indemnified Party receives any written notice of any action, lawsuit, proceeding, investigation or other claim
against or involving the Indemnified Party by a Governmental Authority or other Third Party or otherwise discovers the liability,
obligation or facts giving rise to such claim for indemnification or (ii) in the case of all other claims, the Indemnified Party
discovers the liability, obligation or facts giving rise to such claim for indemnification; provided that the failure to notify
or delay in notifying an Indemnifying Party will not relieve the Indemnifying Party of its obligations pursuant to Section 5.2
or 5.3, as applicable, except to the extent that such failure actually harms the Indemnifying Party, but in no event shall the
Indemnifying Party be liable for expenses incurred prior to its receipt of notice (it being understood that any claim for indemnity
pursuant to Section 5.2(i) or 5.3(i) must be made by an Indemnification Claim Notice with respect thereto given within the applicable
survival period, prior to the Termination Date specified in Section 5.1. Each Indemnification Claim Notice shall describe in reasonable
detail the claim, the liability, obligation or facts giving rise to such indemnification claim, and the nature and amount of such
Indemnifiable Loss (to the extent that the nature and amount of such Indemnifiable Loss is known at such time). All indemnification
claims in respect of the Purchaser Indemnified Persons under this Section 5.5 shall be made by the Purchaser, and all indemnification
claims in respect of the Seller Indemnified Persons under this Section 5.5 shall be made by the Seller.

 

(b)
Control of Defense: Conditions. The obligations of an Indemnifying Party under this Section 5 with respect to Indemnifiable
Losses arising from claims of any Third Party that are subject to indemnification as provided for in Section 5.2 or 5.3 (a “Third
Party Claim”) shall be governed by and be contingent upon the following additional terms and conditions:

 

    	 

     

    

 

(i)
At its option, an Indemnifying Party may assume the defense of any Third Party Claim by giving written notice to the Indemnified
Party within thirty (30) days after its receipt of an Indemnification Claim Notice. The assumption of the defense of a Third Party
Claim by the Indemnifying Party shall not be construed as an acknowledgment that the Indemnifying Party is liable to indemnify
the Indemnified Party in respect of the Third Party Claim, nor shall it constitute a waiver by the Indemnifying Party of any defenses
it may assert against the Indemnified Party’s claim for indemnification. Upon assuming the defense of a Third Party Claim,
the Indemnifying Party may appoint as lead counsel in the defense of the Third Party Claim any legal counsel selected by the Indemnifying
Party (even if the provisions of Section 5.4 would or could limit such Indemnifying Party’s obligation). In the event the
Indemnifying Party assumes the defense of a Third Party Claim, the Indemnified Party shall immediately deliver to the Indemnifying
Party all original notices and documents (including, without limitation, court papers) received by the Indemnified Party in connection
with the Third Party Claim. Should the Indemnifying Party assume the defense of a Third Party Claim, it will not be liable to
the Indemnified Party for any legal expenses subsequently incurred by the Indemnified Party in connection with the analysis, defense
or settlement of the Third Party Claim. In the event that it is ultimately determined that the Indemnifying Party is not obligated
to indemnify, defend or hold the Indemnified Party harmless from and against the Third Party Claim, the Indemnified Party shall
reimburse the Indemnifying Party for any and all costs and expenses (including, without limitation, attorneys’ fees and
costs of suit) incurred by the Indemnifying Party in its defense of the Third Party Claim.

 

(ii)
Without limiting Section 5.5(b)(i), the Indemnified Party will be entitled to participate in, but not control, the defense of
such Third Party Claim and to employ counsel of its choice for such purpose; provided, that such employment shall be at the Indemnified
Party’s own expense unless (A) the employment thereof has been specifically authorized by the Indemnifying Party in writing
or (B) the Indemnifying Party has failed to assume the defense or employ counsel in accordance with Section 5.5(b)(i) (in which
case the Indemnifying Party shall control the defense).

 

(c)
If the Indemnifying Party has assumed the defense of the Third Party Claim in accordance with Section 5.5(b)(i), the Indemnifying
Party shall have authority to consent to the entry of any judgment or enter into any compromise or settlement with respect to
any Third Party Claim provided that (i) such judgment, compromise or settlement does not impose any material liability or obligation
upon the Indemnified Party other than for monetary damages and, in the Indemnified Party’s reasonable judgment, does not
have a material adverse effect on the Indemnified Party’s relationship with its customers, or (ii) the Indemnifying Party
obtains the prior written consent of the Indemnified Party to such judgment, compromise or settlement (which consent shall not
be unreasonably withheld). In the event that the Indemnified Party makes the determination set forth in clause (i) and declines
such judgment, compromise or settlement, then the Indemnifying Party shall not be obligated to indemnify such Indemnified Party
for Indemnifiable Losses in excess of the amount of such proposed judgment, compromise or settlement so declined by the Indemnified
Party. Whether or not the Indemnifying Party chooses to defend or prosecute any Third Party Claim, the Indemnified Party shall
not admit any liability with respect to, or settle, compromise or discharge any Third Party Claim without the prior written consent
of the Indemnifying Party.

 

    	 

     

    

 

(d)
Whether or not the Indemnifying Party chooses to defend or prosecute any Third Party Claim, the parties shall cooperate in the
defense or prosecution thereof, including with respect to the production of documents and the making available of officers and
employees to testify or otherwise assist in the investigation, defense or prosecution of such Third Party Claim.

 

5.6
Sole Remedy.

 

(a)
Each of the parties acknowledges and agrees that its sole and exclusive remedy with respect to any and all claims relating to
the subject matter of this Agreement (other than the Confidentiality Agreement) shall be pursuant to the indemnification provisions
set forth in this Section 5, except as otherwise provided in paragraph (b) below. In furtherance of the foregoing, after the Closing,
each party hereby waives, to the fullest extent permitted under applicable law, any and all rights, claims and causes of action
(including rights of contribution and rights of rescission or rescissory damages, if any) it or any of its Affiliates may have
against the other party or any of its Affiliates (including, any such rights, claims or causes of action relating to, or arising
under or based upon any securities law, Environmental Law, common law or otherwise).

 

(b)
Each party acknowledges and agrees that remedies at law for a breach or threatened breach of any of the provisions of this Agreement
would be inadequate and, in recognition of this fact, the parties agree that, in the event of such a breach or threatened breach,
in addition to any remedies at law, each party, without posting any bond, shall be entitled to obtain equitable relief in the
form of specific performance, temporary restraining order, or a temporary or permanent injunction to the extent such equitable
remedies may then be available.

 

6.
Covenants.

 

6.1
Intentionally Omitted.

 

6.2
Taxes.

 

(a)
Seller shall indemnify and hold harmless Purchaser for all Taxes (net of any Tax benefits to Purchaser or any of its Affiliates
including the Company) and related expenses in connection with the operations of the Company for all Tax periods (or partial Tax
periods) ending on or prior to the Closing Date (including the portion of any Straddle Period ending on or prior to the Closing
Date), but not including those Taxes reflected as liabilities on the Final Closing Statement or incurred in connection with the
transactions contemplated by this Agreement.

 

(b)
Purchaser shall indemnify and hold harmless Seller against all Taxes (net of any Tax benefits to Seller or any of Seller’s
Affiliates (but excluding the Company)) of the Company for all Tax periods (or partial Tax periods) ending after the Closing Date
(including the portion of any Straddle Period ending after the Closing Date).

 

    	 

     

    

 

(c)
With respect to any Straddle Period, to the extent permitted by applicable Law, the Seller or the Purchaser shall elect to treat
the Closing Date as the last day of the Tax period. If applicable Law will not permit the Closing Date to be the last day of a
period, then (i) real or personal property Taxes of the Company shall be allocated based on the number of days in the partial
period before and after the Closing Date, (ii) in the case of all other Taxes based on or in respect of income, the Tax computed
on the basis of the taxable income or loss of the Company for each partial period as determined from their books and records,
and (iii) in the case of all other Taxes, on the basis of the actual activities or attributes of the Company for each partial
period as determined from the Company’s books and records.

 

(d)
The covenants and agreements contained in this Section 6.2 survive the Closing until six months following the expiration of the
applicable statutory period of limitation for the payment of such Taxes, giving effect to any waiver, mitigation or extension
thereof (which extension cannot be requested or granted without the written approval of the Seller; provided that Seller’s
approval may not be unreasonably withheld).

 

(e)
Purchaser and the Seller agree that in the event either party receives notice, in writing, of any federal, state or local audit,
examination, claim, dispute, proposed adjustment or related matter with respect to any Tax Return for Taxes (“Tax Controversy”)
for which he or it is indemnified pursuant to Sections 6.3(a) or (b), as applicable, that party shall timely notify the other.
Failure of the indemnified party to timely and promptly notify the other party of any Tax Controversies shall not constitute a
waiver of any rights with respect to the indemnification thereof by the other party, except to the extent that the indemnifying
party’s rights are materially prejudiced thereby.

 

(f)
In the case of any Tax Controversy, the party with the indemnification obligation shall control all proceedings (including action
taken to pay, compromise or settle such Taxes). Purchaser and the Seller shall jointly control, in good faith with each other,
Tax Controversies relating to any Straddle Period, except that, in the event the parties are unable to agree on the resolution
of an issue relating to such period, the party with the greater Tax obligation with respect to such period shall have the right
to control the resolution of such issue. Reasonable out of pocket expenses with respect to such contests shall be borne by Purchaser
and Seller in proportion to their responsibility for such Taxes as set forth in this Agreement. Except as otherwise provided by
this Agreement, the noncontrolling party shall be afforded a reasonable opportunity to participate in such proceedings at its
own expense.

 

(g)
After the Closing Date, the Seller shall:

 

(i)
be responsible for preparing and filing any Tax Returns of the Company with regard to Tax periods ending on or prior to the Closing
Date and providing copies thereof to Purchaser for review prior to filing. In preparing these Tax Returns, the Seller shall have
access to all necessary and appropriate records of the Company and will consider all adjustments proposed by Purchaser with respect
to such Tax Returns. Seller shall pay (or cause to be paid) any Taxes due with respect to such Tax Returns, except to the extent
such Taxes were reflected as liabilities on the Closing Statement (in which case such Taxes shall be paid by the Company at the
Seller’s request);

 

    	 

     

    

 

(ii)
cooperate fully in preparing for any Tax Controversies with Taxing Governmental Authorities regarding the Company Tax Returns,
as reasonably requested by Purchaser;

 

 

(iii)
make available to the Company and to any Taxing Governmental Authority, as reasonably requested, all information, records and
documents relating to Tax liabilities which are attributable to the Company’s business relating to periods beginning prior
to the Closing Date; and

 

(iv)
keep confidential any Tax information except as may otherwise be necessary in connection with the filing of returns or claims
for refund or in conducting any audit or other Tax proceeding or as otherwise required by law.

 

(h) After
the Closing Date, Purchaser shall:

 

(i)
be responsible for preparing and filing any Tax Returns of the Company for periods ending after the Closing Date. Subject to the
Seller’s indemnification obligation under Section 6.2(a) for Straddle Periods, Purchaser shall pay (or cause to be paid)
any Taxes due with respect to such Tax Returns. With respect to Straddle Period Tax Returns, such returns shall be prepared on
a basis consistent with those prepared for prior periods unless a different treatment is required by law and Purchaser shall provide
copies of such returns to the Seller for review prior to filing and will consider all adjustments proposed by Purchaser with respect
to such Tax Returns;

 

(ii)
cooperate fully in preparing for any Tax Controversies with Taxing Governmental Authorities regarding the Company Tax Return as
reasonably requested by Seller;

 

(iii)
keep confidential any Tax information except as may otherwise be necessary in connection with the filing of returns or claims
for refund or in conducting any audit or other Tax proceeding or as otherwise required by law;

 

(iv)
not amend, revise or otherwise change any state or federal Tax Return filed by the Company or tax form issued by the Company to
Seller that could result in a change in the tax liabilities or payments paid, to be paid, or due or owing from Seller or the Company
without the consent of Seller;

 

(v)
not interfere with or otherwise contest deductions or credits taken by Seller for amounts paid prior to the Closing Date in respect
of Tax liabilities due prior to the Closing Date; and

 

(vi)
make available to the Seller, as reasonably requested, all personnel of the Company and all information, records and documents
relating to Tax liabilities which are attributable to the Company’s business relating to periods ending on or prior to the
Closing Date.

 

(i)
Purchaser, the Company and any affiliates thereof shall provide Seller and their affiliates with such powers of attorney or other
authorizing documentation as are reasonably

 

necessary
to empower them to execute and file Tax Returns they are responsible for hereunder, file refund and equivalent claims for Taxes
they are responsible for, and contest, settle and resolve any Tax Controversies that they have control over under this Section
6.2 (including any refund claims which turn into Tax Controversies).

 

    	 

     

    

 

(j)
If Purchaser or any affiliate of Purchaser (including the Company) receives a refund of any Taxes that any Seller is responsible
for hereunder, or if Seller or any affiliate of any Seller (other than the Company) receives a refund of any Taxes that Purchaser
is responsible for hereunder, the party receiving such refund shall, within thirty (30) days after receipt of such refund, remit
it to the party who has responsibility for such Taxes hereunder. For the purpose of this Section 6.2(j), in addition to the receipt
of cash, the term “refund” shall include a reduction in Tax and the use of an overpayment as a credit or other
Tax offset, and receipt of a refund shall occur upon the filing of a return or an adjustment thereto using such reduction, overpayment
or offset or upon the receipt of cash.

 

6.3
Noncompetition and Nonsolicitation.

 

(a)
For a period beginning on the day after the Closing Date and ending on the third anniversary of the Closing Date (the “Restricted
Period”), the Seller agrees not to engage in any business that directly competes with the business of the Company as
conducted as of the Closing Date in the United States (the “Geographic Area”), whether as a stockholder, partner,
member, owner, joint venturer, investor, lender or in any other capacity whatsoever (other than as a holder of not more than one
percent of the total outstanding stock of a company.

 

(b)
Umali Contract. Purchaser shall maintain the Umali Contract entered into by and between Umali, an Indian limited partnership
and Company for a duration of 12 months after the Closing Date pursuant to its existing term.

 

(c)
For a period beginning on the day after the Closing Date and ending on the third anniversary of the Closing Date, without the
prior written consent of the Purchaser, the Seller agrees not to: (i) solicit the employment of, or attempt to employ, any of
the employees employed by the Company as of the Closing Date; and (ii) recruit, solicit or induce or attempt to induce any of
the employees employed by the Company as of the Closing Date to terminate his or her employment with, or otherwise cease his or
her relationship with, the Company; provided, however, the restrictions in this Section 6.3(c) shall not apply to
the employment of any person following an unsolicited approach by that person at his own instigation or in response to an advertisement
placed in the national, local or trade press or job posting website or similar platform or in response to an approach made by
a head hunter without the person having first been identified to the head hunter by or on behalf of Seller.

 

(d)
The parties recognize that damages in the event of a breach by the Seller of any provision of this Section 6.3 would be difficult,
if not impossible, to ascertain, and it is therefore agreed that the Purchaser, in addition to and without limiting any other
remedy or right it may have in law, shall have the right to an injunction or other equitable relief in any court of competent
jurisdiction, enjoining any such breach. The existence of this right shall not preclude any other rights or remedies at law or
in equity which the Purchaser may have relating to a breach of this Section 6.3.

 

    	 

     

    

 

(e)
Whenever possible, each provision and term of this Section 6.3 shall be interpreted in a manner to be effective and valid, but
if any provision or term of this Section 6.3 is held to be prohibited or invalid, then such provision or term shall be ineffective
only to the extent of such prohibition or invalidity, without invalidating or affecting in any manner whatsoever the remainder
of such provision or term or the remaining provisions or terms of this Section 6.3. If any of the covenants set forth in this
Section 6.3 are held to be unreasonable, arbitrary or against public policy, such covenants shall be considered divisible with
respect to duration, geographic area and scope, and in such lesser duration, geographic area and scope, shall be effective, binding
and enforceable against the Seller to the greatest extent permissible.

 

6.4
Immigration. Purchaser and its Affiliates (including the Company) shall employ any employees of the Company with H-1B immigration
status as of the Closing Date under terms and conditions such that (i) Purchaser or its Affiliates qualify as a successor employer
under applicable United States immigration Law; and (ii) pending green card application portability applies to such employees
in respect of the transactions contemplated by this Agreement. From and after the Closing, Purchaser and its Affiliates (including
the Company) shall comply will all applicable Laws regarding employees of Purchaser and its Affiliates (including the Company)
with H-1B immigration status or other employee-sponsored immigration visas or petitions (“Employer Sponsored Immigrant
Employees”), including without limitation complying with all requirements and conditions of any applicable employer-
sponsored immigration petitions and visas and paying all compensation and payroll to such Employer Sponsored Immigrant Employees
accrued for pre-closing periods. Within thirty (30) days after the Closing, Purchaser shall cause the Company to take all necessary
actions, including making any necessary filings, notices or petitions with Governmental Authorities, such that the Seller is no
longer listed, identified or otherwise liable as an officer, owner, representative or responsible person of the Company in connection
with any employer-sponsored immigration petition or visa of any Employer Sponsored Immigrant Employees.

 

6.5
Piggy-Back Registration Rights. The Purchaser shall notify the Seller and Broker in writing at least twenty (20) days prior
to the filing of any registration statement under the Securities Act of 1933, in connection with a public offering of shares of
the Purchaser’s common stock (including, but not limited to, registration statements relating to secondary offerings of
securities of the Purchaser). In the event the Seller and/or Broker desires to include in any such registration statement all
or any part of the Rollover Shares or Additional Rollover Shares held by the Seller and/or Broker, the Seller and/or Broker shall
within ten (10) days after the above- described notice from the Purchaser, so notify the Purchaser in writing, including the number
of such Rollover Shares or Additional Rollover Shares, that the Seller and/ or Broker wishes to include in such registration statement.
If the Seller and/ or Broker decides not to include all of its Rollover Shares or Additional Rollover Shares, as applicable, and
in any registration statement thereafter filed by the Purchaser, the Seller and/ or Broker shall nevertheless continue to have
the right to include any Rollover Shares or Additional Rollover Shares in any subsequent registration statement or registration
statements as may be filed by the Purchaser with respect to the offering of the securities, all upon the terms and conditions
set forth herein.

 

    	 

     

    

 

6.6
Tag-Along Rights. If the shareholders of Purchaser propose to sell to any person or entity, in any transaction or series
of transactions within a twelve (12) month period, more than fifty percent (50%) (“Majority Shareholders”)
of the respective issued and outstanding shares of common stock (“Qualifying Transaction”), the Purchaser shall
provide the Seller and Broker with a “Sale Notice” that shall specify the name of the prospective transferee(s),
the number of shares to be transferred, the consideration payable and a summary of the material terms of such proposed transaction.
The Seller and/or Broker may elect, but shall not be obligated, to participate in the contemplated transfer at the same price
and on the same terms by delivering written notice to the Purchaser within twenty (20) business days after delivery of the Sale
Notice. If the Seller and/or Broker elects to participate in such transfer, each of Seller and/or Broker shall be entitled to
sell in the contemplated transfer, at the same price and on the same terms, free of any encumbrance, the number of Rollover Shares
or Additional Rollover Shares equal to the product of the number of shares owned by Seller and/or Broker multiplied by a fraction,
the numerator of which is the number of shares to be sold by the Majority Shareholders and the denominator of which is all of
the shares owned by the Majority Shareholders.

 

7.
Definitions.

 

7.1
Terms.

 

7.1.1.
Generally. The words “hereby,” “herein,” “hereof;” “hereunder” and words
of similar import refer to this Agreement as a whole (including any Schedules hereto) and not merely to the specific section,
paragraph or clause in which such word appears. All references herein to Articles, Sections, and Schedules shall be deemed references
to Articles and Sections of, and Schedules to, this Agreement unless the context shall otherwise require. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.”
The definitions given for terms in this Section 7 and elsewhere in this Agreement shall apply equally to both the singular and
plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine
and neuter forms. Except as otherwise expressly provided herein, all references to “dollars” or “$” shall
be deemed references to the lawful money of the United States of America. The Disclosure Schedules and Exhibits referred to herein
shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein.

 

7.2
Certain Terms. Whenever used in this Agreement (including in the Exhibits and Schedules), the following terms shall have
the respective meanings given to them below or in the Sections indicated below:

 

AAA:
has the meaning set forth in Section 8.5.

 

Affiliate:
with respect to any Person specified: (i) any Person that directly or indirectly through one or more intermediaries
controls, is controlled by or under common control with the Person specified; (ii) any director, officer, or Subsidiary of
the Person specified; and (iii) any Family Member of the Person specified. For purposes of this definition and
without limitation to the previous sentence, (x) “control” (including, with correlative meanings, the terms
“controlled by” and “under common control with”) of a Person means the power, direct or indirect, to
direct or cause the direction of management and policies of such Person, whether through ownership of voting securities, by
contract or otherwise, and (y) any Person beneficially owning, directly or indirectly, more than ten (10%) percent or more of
any class of voting securities or similar interests of another Person shall be deemed to be an Affiliate of that Person.

 

    	 

     

    

 

Agreement:
has the meaning set forth in the introductory paragraph hereto.

 

Balance
Sheet Date: has the meaning set forth in Section 3.6.

 

Basket
Amount: has the meaning set forth in Section 5.4(a).

 

Benefit
Plan: each employee benefit plan, program, policy, arrangement and Contract (including, without limitation, any “employee
benefit plan,” as defined in Section 3(3) of ERISA) and any bonus, deferred compensation, stock bonus, stock purchase,
restricted stock, stock option, employment, termination, stay agreement or bonus, change in control and severance plan, program,
policy, arrangement and contract, written or oral) which is maintained or contributed to by the Company or with respect to which
the Company could incur liability, whether or not subject to ERISA.

 

Books
and Records: all financial records and books of account of the Company.

 

Business
Day: a day other than a Saturday, a Sunday or other day on which banking institutions in New York, New York are authorized
or required to close.

 

Cap:
has the meaning set forth in Section 20.

 

CERCLA:
the Comprehensive Environmental Response, Compensation and Liability Act and the rules and regulations promulgated thereunder,
all as amended and supplemented from time to time.

 

Closing:
has the meaning set forth in Section 2.

 

Closing
Date: has the meaning set forth in Section 2.

 

COBRA:
has the meaning set forth in Section 3.17(c).

 

Code:
the Internal Revenue Code of 1986, as amended.

 

Common
Stock: has the meaning set forth in the Recitals hereto.

 

Company:
has the meaning set forth in the introductory paragraph hereto.

 

Company
Real Property: has the meaning set forth in Section 3.8.

 

Consent:
any consent, approval, authorization, waiver, permit, grant, franchise, concession, agreement, license, certificate, exemption,
order, registration, declaration, filing, report or notice of, with or to any Person.

 

Contract:
any note, bond, mortgage, indenture, guarantee, license, lease, agreement, contract, or other binding obligation, including all
amendments thereto.

 

    	 

     

    

 

Disclosure
Schedule: has the meaning set forth in Section ______________.

 

Environmental
Claim: any and all administrative, regulatory or judicial actions, suits, demands, demand letters, directives, orders, claims,
Liens, investigations, requests for information, proceedings, or written notices of noncompliance or violation by any Person (including,
without limitation, any Governmental Authority) alleging liability or potential liability arising out of, based on or resulting
from (a) the presence, manufacture, processing, use, storage, disposal, transport or handling, or emission, discharge, release
or threat thereof, of any Hazardous Materials at any location, or (b) circumstances forming the basis of any violation or alleged
violation of Environmental Law or permit thereunder, or (c) any and all claims by any Third Party seeking damages, contribution,
indemnification, cost recovery, compensation or injunctive relief resulting from exposure to or the presence, manufacture, processing,
use, storage, disposal, transport or handling, or emission, discharge, release or threat thereof, of any Hazardous Materials.

 

Environmental
Law: all Laws relating to the protection of the environment or environmental contamination, including, without limitation,
(a) CERCLA, the Resource Conservation and Recovery Act and the rules and regulations promulgated thereunder, all as amended and
supplemented from time to time, (b) all other Laws pertaining to reporting, licensing, permitting, investigation or remediation
of emissions, discharges, releases or threatened releases of Hazardous Materials into the air, surface water, groundwater or land,
or relating to the manufacture, processing, distribution, use, sale, treatment, receipt, storage, disposal, transport or handling
of Hazardous Materials.

 

ERISA
Affiliate: any Person who is included with the Company in a controlled group or affiliated service group under Sections 414(b),
(c), (m) or (o) of the Code.

 

ERISA:
the Employee Retirement Income Security Act of 1974 and the rules and regulations promulgated thereunder, all as amended and supplemented
from time to time.

 

Family
Member: with respect to any Person specified, means the spouse, parents, children, siblings, mothers in law, fathers in law,
sons in law, daughters in law, brothers in law, and sisters in law of the Person specified, whether arising by blood, marriage
or adoption.

 

Financial
Statements: the Year-End Financial Statements and the Interim Financial Statements, collectively.

 

GAAP:
generally accepted accounting principles in the United States applied on a consistent basis.

 

Geographic
Area: has the meaning set forth in Section 5.4(a).

 

Governmental
Approval: any Consent of, with, or to any Governmental

Authority.

 

Governmental
Authority: any legislative, executive, judicial, or administrative body,
including any court, tribunal, arbitrator, authority, agency, commission, official or other instrumentality, of the government
of the United States or of any foreign country, any state or any political subdivision of any such government (whether state,
provincial, county, city, municipal or otherwise).

 

    	 

     

    

 

Hazardous
Materials: any substance that: (a) is or contains asbestos, urea formaldehyde foam insulation, polychlorinated biphenyls,
petroleum or petroleum-derived substances or wastes, radon gas or related materials, (b) requires investigation, removal or remediation
under any Environmental Law, or is defined, listed or identified as a “hazardous waste” or “hazardous substance”
thereunder, or (c) is toxic, explosive, corrosive, flammable, infectious, radioactive, carcinogenic, mutagenic, or otherwise hazardous
and is regulated by any Governmental Authority or Environmental Law.

 

Indemnifiable
Losses: all losses, liabilities, obligations, claims, demands, damages, penalties, settlements, causes of action, costs and
expenses, and all reasonable investigation and attorneys’, experts’ and accountants’ fees, expenses and disbursements
and court costs.

 

Indemnification
Claim Notice: has the meaning set forth in Section 5.5.

 

Indemnified
Party: has the meaning set forth in Section 5.5.

 

Indemnifying
Party: has the meaning set forth in Section 5.5.

 

Insurance
Policies: has the meaning set forth in Section 3.11.

 

Intellectual
Property: has the meaning set forth in Section 3.10.

 

Interim
Financial Statements: the unaudited and internally prepared financial statements of the Company at and for the period ended
May 31, 2017, including a balance sheet and a statement of income.

 

IRS:
the U.S. Internal Revenue Service.

 

Knowledge
or knowledge: “to Seller’s Knowledge” or words to that effect shall mean, with respect to Seller
or the Company, the actual knowledge of Seller, without any duty to investigate.

 

Law:
means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement
or rule of law of any Governmental Authority.

 

Lien:
exclusive of Permitted Liens, any mortgage, pledge, deed of trust, hypothecation, right of others, claim, security interest, encumbrance,
burden, title defect, title retention agreement, lease, sublease, license, occupancy agreement, easement, covenant, condition,
encroachment, voting trust agreement, interest, option, right of first offer, negotiation or refusal, right of purchase, proxy,
lien, charge or other restrictions or limitations of any nature whatsoever, including but not limited to such liens as may arise
under any Contract.

 

    	 

     

    

 

Litigation:
any action, cause of action, claim, demand, suit, or proceeding of any nature, civil, criminal, regulatory or otherwise, in law
or in equity, pending or threatened, by or before any court, tribunal, arbitrator or other Governmental Authority.

 

Material
Adverse Effect: means any event, occurrence, fact, condition or change that is materially adverse to (a) the business, results
of operations, financial condition or assets of the Company, taken as a whole, or (b) the ability of Seller to consummate the
transactions contemplated hereby; provided, however, that “Material Adverse Effect” shall not include any event, occurrence,
fact, condition or change, directly or indirectly, arising out of or attributable to: (i) general economic or political conditions;
(ii) conditions generally affecting the industries in which the Company operates; (iii) any changes in financial, banking or securities
markets in general, including any disruption thereof and any decline in the price of any security or any market index or any change
in prevailing interest rates; (iv) acts of war (whether or not declared), armed hostilities or terrorism, or the escalation or
worsening thereof; (v) any action required or permitted by this Agreement or any action taken (or omitted to be taken) with the
written consent of or at the written request of Purchaser; (vi) any matter of which Purchaser is aware on the date hereof; (vii)
any changes in applicable Laws or accounting rules (including GAAP) or the enforcement, implementation or interpretation thereof;
(viii) the announcement, pendency or completion of the transactions contemplated by this Agreement, including losses or threatened
losses of employees, customers, suppliers, distributors or others having relationships with the Company; (ix) any natural or man-made
disaster or acts of God; or (x) any failure by the Company to meet any internal or published projections, forecasts or revenue
or earnings predictions (provided that the underlying causes of such failures (subject to the other provisions of this definition)
shall not be excluded).

 

Material
Contracts: has the meaning set forth in Section 3.9(a).

 

Order:
any order, writ, injunction, judgment, decree or other determination of any court or arbitrator or any Governmental Authority,
whether preliminary or final.

 

Organizational
Documents: as to any Person, its certificate or articles of incorporation, certificate or articles of organization or formation,
by-laws, operating agreement, limited liability company agreement, and comparable organizational documents.

 

Permits:
all licenses, permits, certificates of authority, authorizations, approvals, registrations, franchises, rights, orders, qualifications
and similar rights and approvals granted or issued by any Governmental Authority relating to the Business.

 

Permitted
Liens:

 

(a)
Liens for Taxes not yet due and payable,

 

(b)
those Liens that (i) are set forth on Schedule 0 and (ii) individually and in the aggregate with all other permitted liens,
do not and will not materially detract from the value of any of the property or assets of the Company, or materially interfere
with the use thereof as currently used or contemplated to be used, or otherwise be materially adverse to the Company;

 

    	 

     

    

 

(c)
statutory Liens of landlords and Liens of carriers, warehousemen, mechanics and materialmen and other Liens imposed in the ordinary
course of business for sums not yet delinquent;

 

(d)
easements, rights-of-way and other similar Liens not interfering in any material respect with the ordinary course of business
of the Company and, as to the property affected by such Lien, not interfering with the intended use and development of that property;
or

 

(e)
Liens to be released at Closing.

 

Person:
any natural person, firm, partnership, association, corporation, company, limited liability company, trust, business trust, Governmental
Authority or other entity.

 

Purchased
Shares: has the meaning set forth in Section 1.1(b).

 

Purchase
Price: has the meaning set forth in Section 1.2.

 

Purchase
Price Allocation: has the meaning set forth in Section 1.4(b).

 

Purchaser:
has the meaning set forth in the introductory paragraph hereto.

 

Purchaser
Indemnified Person: has the meaning set forth in Section 5.2.

 

Real
Estate Lease: has the meaning set forth in Section 3.8.

 

Representatives:
as to any Person, such Person’s accountants, counsel, consultants (including actuarial, environmental and industry consultants),
officers, directors, employees, agents and other advisors and representatives.

 

Restricted
Period: has the meaning set forth in Section 5.4(a).

 

Rollover
Shares: has the meaning set forth in Section 1.1(a).

 

Rules:
has the meaning set forth in Section 8.5.

 

Section
338(h)(10) Election: has the meaning set forth in Section 1.4(a).

 

Securities
Act: the Securities Act of 1933, as amended and supplemented from time
to time.

 

Seller:
has the meaning set forth in the introductory paragraph hereto.

 

Seller
Indemnified Person: has the meaning set forth in Section 5.3.

 

Straddle
Period: means a Tax period or year commencing before and ending after the
Closing Date.

 

Subordination
Agreement: means that certain Subordination Agreement, dated as of the date hereof by and among the Seller and [SENIOR LENDER].

 

    	 

     

    

 

Subsidiary:
with respect to any Person specified: each other Person in which the Person specified owns or controls, directly or indirectly,
capital stock or other equity interests representing fifty (50%) percent or more of the outstanding voting stock or other equity
interests or the right to receive fifty (50%) percent or more of the profits or equity value of such other Person.

 

Tax
or Taxes: means all federal, state, local, foreign and other income, gross receipts, sales, use, production, ad valorem, transfer,
franchise, registration, profits, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated,
excise, severance, environmental, stamp, occupation, premium, property (real or personal), real property gains, windfall profits,
customs, duties or other taxes, fees, assessments or charges of any kind whatsoever, together with any interest, additions or
penalties with respect thereto and any interest in respect of such additions or penalties.

 

Tax
Return: any return, report, declaration, form, claim for refund or information return or statement required to be filed with
respect to axes, including any schedule or attachment thereto, and including any amendment thereof.

 

Taxing
Governmental Authority: means, with respect to federal income taxes, the Internal Revenue Service, and, with respect to any
other taxes, the applicable governmental body with the authority to audit and collect such taxes.

 

Termination
Date: has the meaning set forth in Section 5.1.

 

Third
Party Claim: has the meaning set forth in Section 5.5(b).

 

Transaction
Documents: this Agreement and each of the documents, agreements, certificates and instruments to be delivered by the Purchaser
or Seller pursuant to Section 2.1 or Section 2.2.

 

Year-End
Financial Statements:the Financial Statements for Exois, Inc. by [firm], including the balance sheet and statements
of earnings, statements of stockholders’ equity and statements of cash flows and accompanying notes, together with reports
on such year end-statements as at, and for the years ended, December 31, 2016 and December 31, 2015. Expenses. Except as
otherwise expressly provided in this Agreement, all fees and expenses incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the party incurring such expenses.

 

8.2
Notices. All notices, demands, waivers and other communications required or permitted to be given under this Agreement
shall be in writing and shall be deemed to have been duly given if (a) delivered personally, (b) mailed, certified or registered
mail with postage prepaid or (c) sent by next day or overnight mail or delivery with charges prepaid, to the address set forth
on the signature page to this Agreement below the signature line of the party to whom such notice, demand, waiver or other communication
is being sent; or, in each case, at such other address as may be specified in writing to the other parties hereto. All such notices,
requests, demands, waivers and other communications shall be deemed to have been given (i) if by personal delivery on the day
of such delivery, (ii) if by certified or registered mail, on the third business day after the mailing thereof, or (iii) if by
next day or overnight mail or delivery, on the day delivered.

 

    	 

     

    

 

8.3
Governing Law, Waiver of Jury Trial. THIS AGREEMENT SHALL BE GOVERNED IN ALL RESPECTS, INCLUDING AS TO VALIDITY, INTERPRETATION
AND EFFECT, BY THE INTERNAL LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES OF THE STATE
OF DELAWARE OR ANY OTHER JURISDICTION. EACH PARTY TO THIS AGREEMENT HEREBY WAIVES, TO THE FULLEST EXTENT SUCH PARTY MAY LEGALLY
AND EFFECTIVELY DO SO, TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING ARISING UNDER THIS AGREEMENT.

 

8.4
Arbitration. If the parties should have a dispute arising out of or relating to this Agreement, or the parties’ respective
rights and duties hereunder, then the parties will resolve such dispute in the following manner: (a) any party may at any time
deliver to the others a written dispute notice setting forth a brief description of the issue for which such notice initiates
the dispute resolution mechanism contemplated by this Section 9.5; (b) during the forty-five (45) day period following the delivery
of the notice described in Section 9.5 (a) above, appropriate representatives of the various parties will meet and seek to resolve
the disputed issue through negotiation; (c) if representatives of the parties are unable to resolve the disputed issue through
negotiation, then within fifteen (15) days after the period described in Section 9.5 (b) above, the parties will refer the issue
(to the exclusion of a court of law) to final and binding arbitration in San Diego, California, in accordance with the then existing
Rules (the “Rules”) of the American Arbitration Association (“AAA”), and judgment upon the
award rendered by the arbitrators may be entered in any court having jurisdiction thereof; provided, however, that the Law applicable
to any controversy shall be the Law of the State of Delaware, regardless of the conflict of laws principles of Delaware or any
other jurisdiction. The arbitration shall be conducted by one arbitrator. If the parties are not able to agree upon the selection
of an arbitrator, within twenty (20) days of commencement of an
arbitration proceeding by service of a demand for arbitration, the arbitrator shall be selected from a panel of at least three
(3) qualified arbitrators proposed by AAA. Each party shall have the right to strike a name from the panel proposed by AAA. Notwithstanding
the foregoing, the request by either party for preliminary or permanent injunctive relief, whether prohibitive or mandatory, shall
not be subject to arbitration and may be adjudicated in the courts of the State of California or any Federal District Court in
the State of California; provided, however, that the party seeking any such injunctive relief shall be entitled to make such request
in any court of any other jurisdiction where jurisdiction and venue are proper.

 

8.5
Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
estates, successors and permitted assigns.Assignment. Neither party may assign its rights or obligations hereunder without
the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed. No assignment shall
relieve the assigning party of any of its obligations hereunder.

 

8.7
Further Assurances. From and after the Closing, each party shall, at the other’s request and without the obligation
of the to expend any funds or incur any costs, (a) execute and deliver to the other such further endorsements, assignments and
instruments of transfer and conveyance and take such other actions as the Purchaser reasonably requests in the case of Purchaser
as requesting party to transfer, vest or perfect the Purchaser’s rights in and to the Purchased Shares and all accrued benefits
and rights attaching thereto, free and clear of all Liens and adverse claims or in each case otherwise to effectuate more fully
the transactions contemplated by this Agreement, (b) provide or cause to be provided on reasonable terms such written information
with respect to himself or itself and take, or cause to be taken such actions, as the requesting party or any auditor reasonably
deems necessary or desirable to complete any audit of any of the Company’s financial statements or to effectuate fully the
terms of this Agreement, and (c) cooperate with each other in connection with, and make available to the other, as applicable,
all materials reasonably requested with respect to, the Purchaser’s or the Company’s preparation of any filing with
any Governmental Authority which may be required by the Purchaser or the Company related to this Agreement and the transactions
contemplated by this Agreement.

 

    	 

     

    

 

8.8
Amendment; Waivers, Etc. No amendment or modification of this Agreement, and no waiver hereunder, shall be valid or binding
unless set forth in writing and duly executed by the party against whom enforcement of the amendment, modification, or waiver
is sought. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall
in no way impair the rights of the party granting such waiver in any other respect or at any other time. Neither the waiver by
any of the parties hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure by any of
the parties, on one or more occasions, to enforce any of the provisions of this Agreement or to exercise any right or privilege
hereunder, shall be construed as a waiver of any other breach or default of a similar nature, or as a waiver of any of such provisions,
rights or privileges hereunder. Except as otherwise provided in this Agreement, the rights and remedies provided in this Agreement
are independent of, and in addition to, any other rights and remedies that any party may have at law or in equity or otherwise,
all of which shall be cumulative.

 

8.9
Entire Agreement. This Agreement, including the Schedules and exhibits hereto, constitute the entire agreement and supersede
all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof.

 

8.10
Severability. If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such
invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render
unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid,
illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby
be consummated as originally contemplated to the greatest extent possible.

 

8.11
Headings. The headings contained in this Agreement are for purposes of convenience only and shall not affect the meaning
or interpretation of this Agreement.

 

8.12
Counterparts; Facsimile. This Agreement may be executed in several counterparts, each of which shall be deemed an original
and all of which shall together constitute one and the same instrument. The reproduction of signatures by means of facsimile,
portable document format (PDF) files attached to electronic mail or other electronic device shall be treated as though such reproductions
are executed originals, and each party hereto covenants and agrees to provide the other party hereto with a copy of this Agreement
bearing original signatures within five (5) business days following transmittal by facsimile, electronic mail or other electronic
means.

 

[***Signature
Pages Follow***]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties have duly executed this Stock Purchase Agreement as of the date first above written.

 

	 	THE
    COMPANY:
	 	 	 
	 	By:	
	 	Name:	Jonathan
    A Clark
	 	Title:	CEO
	 	 	 
	 	[INSERT
    POST-CLOSING NOTICE ADDRESS]
	 	 	 
	 	SELLER:	
	 	 	Jonathan
    Clark
	 	 	 
	 	[INSERT
    POST-CLOSING NOTICE ADDRESS]
	 	 	 
	 	With
    a copy to:
	 	 	Law
    firm details
	 	 	 
	 	PURCHASER:	 
	 	 	 
	 	SHAREDLABS,
    INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	[INSERT
    POST-CLOSING NOTICE ADDRESS]

 

[signature
page to Stock Purchase Agreement]

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