Document:

Exhibit 10.2

 

EXECUTION VERSION

 

REGISTRATION RIGHTS AND LOCK-UP AGREEMENT

 

This Registration Rights and
Lock-Up Agreement (this “Agreement”) is made and entered into as of November 16, 2022 and effective as of the Second
Effective Time (as defined in the Business Combination Agreement (as defined below)) by and among Calculator New Pubco, Inc., a Delaware
corporation (the “Company”), and the parties listed on Schedule A hereto (each, a “Holder”
and collectively, the “Holders”). Any capitalized term used but not defined herein will have the meaning ascribed to
such term in the Business Combination Agreement.

 

RECITALS

 

WHEREAS, the Company is party
to that certain Business Combination Agreement, dated as of the date hereof (the “Business Combination Agreement”),
by and among the Company, Quantum FinTech Acquisition Corporation, a Delaware corporation (together with its successors, the “Purchaser”),
Calculator Merger Sub 1, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company (“Merger Sub 1”),
Calculator Merger Sub 2, Inc., a Wyoming corporation and a wholly-owned subsidiary of the Company (“Merger Sub 2”),
AtlasClear, Inc., a Wyoming corporation (“AtlasClear”), Atlas FinTech Holdings Corp, a Delaware corporation, and Robert
McBey, pursuant to which, among other things, (a) Purchaser will merge with and into Merger Sub 1 (the “First Merger”),
with Purchaser being the surviving entity and a wholly owned subsidiary of the Company, and (b) following the First Merger, Merger Sub
2 will merge with and into AtlasClear, with AtlasClear being the surviving entity and becoming a wholly owned subsidiary of the Company
(the “Second Merger”);

 

WHEREAS, the Purchaser and
certain of the Holders designated as Original Holders on Schedule A hereto (the “Original Holders”) are parties to
that certain Registration Rights Agreement, dated as of February 4, 2021 (the “Prior Agreement”);

 

WHEREAS, the Original Holders
currently hold an aggregate of 5,031,250 shares of the Purchaser’s common stock, par value $0.0001 per share (the “Purchaser
Common Stock”) (excluding shares of Purchaser Common Stock underlying the Purchaser Private Placement Warrants (as defined below));

 

WHEREAS, certain of the Original
Holders currently hold an aggregate of 6,153,125 warrants (the “Purchaser Private Placement Warrants”) to purchase,
at an exercise price of $11.50 per share, an aggregate of 6,153,125 shares of Purchaser Common Stock;

 

WHEREAS, at the First Effective
Time, pursuant to the First Merger and subject to, and in accordance with, the Business Combination Agreement, the shares of Purchaser
Common Stock held by the Original Holders will be automatically cancelled and extinguished and converted into an equal number of shares
of common stock of the Company, par value $0.0001 per share (the “Common Stock”);

 

WHEREAS, at the First Effective
Time, pursuant to the First Merger and subject to, and in accordance with, the Business Combination Agreement, the Purchaser Private Placement
Warrants held by certain of the Original Holders will be assumed by the Company and converted into warrants (the “Private Placement
Warrants”) to purchase, at an exercise price of $11.50 per share, an aggregate of 6,153,125 shares of Common Stock;

 

     

     

    

 

WHEREAS, at the Second Effective
Time, pursuant to the Second Merger and subject to, and in accordance with, the Business Combination Agreement, the shares of common stock
of AtlasClear held by certain of the Holders designated as New Holders on Schedule A hereto (the “New Holders”) will
be automatically cancelled and extinguished and converted into the right to receive the Merger Consideration (as defined in the Business
Combination Agreement);

 

WHEREAS, following the closing
of the transactions contemplated by the Business Combination Agreement, the New Holders may receive Earnout Shares (as defined in the
Business Combination Agreement);

 

WHEREAS, the parties to the
Prior Agreement desire to terminate the Prior Agreement effective following the closing of the transactions contemplated by the Business
Combination Agreement; and

 

WHEREAS, in connection with
the transactions contemplated by the Business Combination Agreement, the Company and the Holders desire to enter into this Agreement,
pursuant to which the Company shall grant the Holders certain registration rights following the closing of the transactions contemplated
by the Business Combination Agreement with respect to certain securities of the Company, as set forth in this Agreement.

 

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

 

ARTICLE I

DEFINITIONS

 

Section 1.1 Definitions. For
purposes of this Agreement, the following terms and variations thereof have the meanings set forth below:

 

“Adverse Disclosure”
shall mean any public disclosure of material non-public information, which disclosure, in the good faith judgment of the Chief Executive
Officer or Chief Financial Officer of the Company, after consultation with outside counsel to the Company, (i) would be required
to be made in any Registration Statement or Prospectus in order for the applicable Registration Statement or Prospectus not to contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein (in the case
of any prospectus and any preliminary prospectus, in the light of the circumstances under which they were made) not misleading, (ii) would
not be required to be made at such time if the Registration Statement were not being filed, and (iii) the Company has a bona fide
business purpose for not making such information public.

 

“Agreement”
shall have the meaning given in the Preamble.

 

“Board”
shall mean the Board of Directors of the Company.

 

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“Business Combination
Agreement” shall have the meaning given in the Recitals hereto.

 

“Business Day”
means a day other than Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law
to close.

 

“Change in Control”
means the transfer (whether by tender offer, merger, stock purchase, consolidation or other similar transaction), in one transaction or
a series of related transactions, to a person or group of affiliated persons of the Company’s voting securities if, after such transfer,
such person or group of affiliated persons would hold more than 50% of outstanding voting securities of the Company (or surviving entity)
or would otherwise have the power to control the Board or to direct the operations of the Company.

 

“Commission”
shall mean the Securities and Exchange Commission.

 

“Common Stock”
shall have the meaning given in the Recitals hereto.

 

“Company”
shall have the meaning given in the Preamble.

 

“Company Shelf Takedown
Notice” shall have the meaning given in subsection 2.1.4.

 

“Demand Registration”
shall have the meaning given in subsection 2.2.1.

 

“Demand Requesting
Holder” shall have the meaning given in subsection 2.2.1.

 

“Demanding Holders”
shall have the meaning given in subsection 2.2.1.

 

“Effectiveness Deadline”
shall have the meaning given in subsection 2.1.1.

 

“Escrow Agent” shall have the
meaning given in subsection 5.1.2.

 

“Escrow Agreement” shall have
the meaning given in subsection 5.1.2.

 

“Escrow Shares” shall have the
meaning given in subsection 5.1.2.

 

“Exchange Act” shall mean the
Securities Exchange Act of 1934, as it may be amended from time to time.

 

“Form S-1” means a Registration
Statement on Form S-1. 

 

“Form S-3” means a Registration
Statement on Form S-3.

  

“Holders” shall have the meaning
given in the Preamble.

 

“Lock-up Period” shall have
the meaning given in subsection 5.1.1.

 

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“Maximum Number of Securities”
shall have the meaning given in subsection 2.2.4.

 

“Minimum Amount”
shall have the meaning given in subsection 2.1.4.

 

“Misstatement”
shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement
or Prospectus, or necessary to make the statements in a Registration Statement or Prospectus in the light of the circumstances under which
they were made not misleading.

 

“New Holders”
shall have the meaning given in the Recitals hereto.

 

“New Registration Statement”
shall have the meaning given in subsection 2.1.5.

 

“Original Holders” shall have
the meaning given in the Recitals hereto.

 

“Piggyback Registration” shall
have the meaning given in subsection 2.3.1.

 

“Prior Agreement” shall have
the meaning given in the Recitals hereto.

 

“Private Placement Warrants”
shall have the meaning given in the Recitals hereto.

 

“Pro Rata” shall have the meaning
given in subsection 2.2.4.

 

“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended
by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Purchaser Common
Stock” shall have the meaning given in the Recitals hereto.

 

“Purchaser Private
Placement Warrants” shall have the meaning given in the Recitals hereto.

 

“Registrable Security”,
“Registrable Securities” shall mean (a) the Private Placement Warrants (including any shares of Common Stock issued
or issuable upon the exercise of any such Private Placement Warrants), (b) any outstanding share of Common Stock or any other equity
security (including the shares of Common Stock issued or issuable upon the exercise of any other equity security) of the Company held
by a Holder as of the Closing Date (including the Escrow Shares), (c) the Earnout Shares and (d) any other equity security of the
Company issued or issuable with respect to any such security described in (a), (b) or (c) above by way of a stock dividend or stock split
or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization; provided, however,
that, as to any particular Registrable Security, such securities shall cease to be Registrable Securities when: (A) a Registration
Statement with respect to the sale of such securities shall have become effective under the Securities Act and such securities shall have
been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (B) such securities shall have been
otherwise transferred, new certificates for such securities not bearing a legend restricting further transfer shall have been delivered
by the Company and subsequent public distribution of such securities shall not require registration under the Securities Act; (C) such
securities shall have ceased to be outstanding; (D) such securities may be sold without registration pursuant to Rule 144 promulgated
under the Securities Act (or any successor rule promulgated thereafter by the Commission) (but with no volume or other restrictions
or limitations); or (E) such securities have been sold to, or through, a broker, dealer or underwriter in a public distribution or
other public securities transaction.

 

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“Registration”
shall mean a registration effected by preparing and filing a Registration Statement in compliance with the requirements of the Securities
Act, and the applicable rules and regulations promulgated thereunder, and such Registration Statement becoming effective.

 

“Registration Expenses”
shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:

 

(A) all registration
and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority, Inc.)
and any securities exchange on which the Common Stock is then listed;

 

(B) fees and expenses
of compliance with securities or blue sky laws (including reasonable and documented fees and disbursements of counsel for the Underwriters
in connection with blue sky qualifications of Registrable Securities);

 

(C) printing, messenger,
telephone and delivery expenses;

 

(D) reasonable and documented
fees and disbursements of counsel for the Company;

 

(E) reasonable and documented
fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with such Registration;
and

 

(F) reasonable and documented
fees and expenses of one (1) legal counsel selected by (i) the majority-in-interest of the Demanding Holders initiating a Demand
Registration to be registered for offer and sale in the applicable Registration, (ii) the majority-in-interest of the Demanding Holders
initiating a Shelf Underwritten Offering, or (iii) the majority-in-interest of participating Holders under Section 2.1 if the Registration
was initiated by the Company for its own account or that of a Company stockholder other than pursuant to rights under this Agreement,
in each case to be registered for offer and sale in the applicable Registration.

 

“Registration Statement”
shall mean any registration statement that covers the Registrable Securities pursuant to the provisions of this Agreement, including the
Prospectus included in such registration statement, amendments (including post-effective amendments) and supplements to such registration
statement, and all exhibits to and all material incorporated by reference in such registration statement.

 

“Resale Shelf Registration
Statement” shall have the meaning given in subsection 2.1.1.

 

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“Securities Act”
shall mean the Securities Act of 1933, as amended from time to time.

 

“SEC Guidance”
shall have the meaning given in subsection 2.1.5.

 

“Shelf Takedown Notice”
shall have the meaning given in subsection 2.1.4.

 

“Shelf Underwritten
Offering” shall have the meaning given in subsection 2.1.4.

 

“SUO Requesting Holder”
shall have the meaning given in subsection 2.1.4.

 

“Transfer”
means to, directly or indirectly, sell, transfer, assign, pledge, encumber, hypothecate or similarly dispose of, either voluntarily or
involuntarily, or to enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, assignment,
pledge, encumbrance, hypothecation or similar disposition of, any interest owned by a person or any interest (including a beneficial interest)
in, or the ownership, control or possession of, any interest owned by a person.

 

“Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such
dealer’s market-making activities.

 

“Underwritten Registration”
or “Underwritten Offering” shall mean a Registration in which securities of the Company are sold to an Underwriter
in a firm commitment underwriting for distribution to the public.

 

ARTICLE II

REGISTRATION 

 

Section 2.1 Resale Shelf
Registration Rights

 

2.1.1 Registration
Statement Covering Resale of Registrable Securities. The Company shall prepare and file or cause to be prepared and filed with the
Commission, no later than forty-five (45) days following the Closing Date, a Registration Statement to permit the public resale of all
the Registrable Securities held by the Holders from time to time as permitted by Rule 415 of the Securities Act or any successor thereto
on the terms and conditions specified in this subsection 2.1.1 (the “Resale Shelf Registration Statement”).
The Resale Shelf Registration Statement shall be on Form S-1 (or such other form of registration statement as is then available to permit
Registration of such Registrable Securities for resale). The Company shall use reasonable best efforts to cause the Resale Shelf Registration
Statement to be declared effective as soon as possible after filing, but in no event later than sixty (60) days following the filing deadline
(the “Effectiveness Deadline”); provided, that the Effectiveness Deadline shall be extended to ninety (90) days after
the filing deadline if the Registration Statement is reviewed by, and receives comments from, the Commission. Once effective, the Company
shall use reasonable best efforts to cause the Resale Shelf Registration Statement to remain effective and to be supplemented and amended
to the extent necessary to ensure that such Registration Statement is available or, if not available, to ensure that another Registration
Statement is available, under the Securities Act at all times until all Registrable Securities have been disposed of in accordance with
the intended method(s) of distribution set forth in such Registration Statement or have ceased to be Registrable Securities. The Registration
Statement filed with the Commission pursuant to this subsection 2.1.1 shall contain a prospectus in such form as to permit any
Holder to sell such Registrable Securities pursuant to Rule 415 under the Securities Act (or any successor or similar provision adopted
by the Commission then in effect) at any time beginning on the effective date for such Registration Statement (subject to lock-up restrictions
provided in Section 5.1 of this Agreement), and shall provide that such Registrable Securities may be sold pursuant to any method
or combination of methods legally available to, and requested by, Holders. The Company shall use reasonable best efforts to convert the
Resale Shelf Registration Statement on Form S-1 to a Resale Shelf Registration Statement on Form S-3 as promptly as
practicable after the Company is eligible to use a Resale Shelf Registration Statement on Form S-3 and have the Resale
Shelf Registration Statement on Form S-3 declared effective as promptly as practicable and to cause such Resale Shelf Registration
Statement on Form S-3 to remain effective, and to be supplemented and amended to the extent necessary to ensure that such Registration
Statement is available or, if not available, to ensure that another Registration Statement is available, under the Securities Act at all
times until all Registrable Securities have been disposed of in accordance with the intended method(s) of distribution set forth in such
Registration Statement or have ceased to be Registrable Securities.

 

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2.1.2 Notification
and Distribution of Materials. The Company shall notify the Holders in writing of the effectiveness of the Resale Shelf Registration
Statement as soon as practicable, and in any event within one (1) Business Day after the Resale Shelf Registration Statement becomes effective,
and shall furnish to them, without charge, such number of copies of the Resale Shelf Registration Statement (including any amendments,
supplements and exhibits), the Prospectus contained therein (including each preliminary prospectus and all related amendments and supplements)
and any documents incorporated by reference in the Resale Shelf Registration Statement or such other documents as the Holders may reasonably
request in order to facilitate the sale of the Registrable Securities in the manner described in the Resale Shelf Registration Statement.

 

2.1.3 Amendments
and Supplements. Subject to the provisions of Section 2.1.1 above, the Company shall promptly prepare and file with the Commission
from time to time such amendments and supplements to the Resale Shelf Registration Statement and Prospectus used in connection therewith
as may be necessary to keep the Resale Shelf Registration Statement effective and to comply with the provisions of the Securities Act
with respect to the disposition of all the Registrable Securities. If any Resale Shelf Registration Statement filed pursuant to Section
2.1.1 is filed on Form S-3 and thereafter the Company becomes ineligible to use Form S-3 for secondary sales, the Company shall promptly
notify the Holders of such ineligibility and use its reasonable best efforts to file a shelf registration on an appropriate form as promptly
as practicable to replace the shelf registration statement on Form S-3 and have such replacement Resale Shelf Registration Statement declared
effective as promptly as practicable and to cause such replacement Resale Shelf Registration Statement to remain effective, and to be
supplemented and amended to the extent necessary to ensure that such Resale Shelf Registration Statement is available or, if not available,
that another Resale Shelf Registration Statement is available, for the resale of all the Registrable Securities held by the Holders until
all such Registrable Securities have ceased to be Registrable Securities; provided, however, that at any time the Company once again becomes
eligible to use Form S-3, the Company shall cause such replacement Resale Shelf Registration Statement to be amended, or shall file a
new replacement Resale Shelf Registration Statement, such that the Resale Shelf Registration Statement is once again on Form S-3.

 

2.1.4 At
any time and from time to time following the effectiveness of the shelf registration statement required by subsection 2.1.1 or
subsection 2.1.2, any Holder may request to sell all or a portion of their Registrable Securities in an underwritten offering that
is registered pursuant to such shelf registration statement (a “Shelf Underwritten Offering”); provided that such Holder(s)
reasonably expects to sell Registrable Securities yielding aggregate gross proceeds in excess of $15,000,000 from such Shelf Underwritten
Offering (such amount of Registrable Securities, as applicable, the “Minimum Amount”). All requests for a Shelf Underwritten
Offering shall be made by giving written notice to the Company (the “Shelf Takedown Notice”). Each Shelf Takedown Notice
shall specify the approximate number of Registrable Securities proposed to be sold in the Shelf Underwritten Offering and the expected
price range (net of underwriting discounts and commissions) of such Shelf Underwritten Offering. Within two (2) business days after receipt
of any Shelf Takedown Notice, the Company shall give written notice of such requested Shelf Underwritten Offering to all other Holders
of Registrable Securities (the “Company Shelf Takedown Notice”) and each Holder of Registrable Securities who thereafter
wishes to include all or a portion of such Holder’s Registrable Securities in a Registration pursuant to a Shelf Underwritten Offering
(each such Holder that includes all or a portion of such Holder’s Registrable Securities in such Shelf Underwritten Offering, a
“SUO Requesting Holder”) shall so notify the Company of its intent to participate in such Shelf Underwritten Offering,
in writing, within three (3) business days after the receipt by such Holder of the Company Shelf Takedown Notice. Upon receipt by the
Company of any such written notification from a SUO Requesting Holder(s) to the Company, subject to the provisions of subsection 2.2.4,
the Company shall include in such Shelf Underwritten Offering all Registrable Securities of such SUO Requesting Holder(s). The Company
shall, together with all participating Holders of Registrable Securities of the Company proposing (and permitted) to distribute their
securities through such Shelf Underwritten Offering, enter into an underwriting agreement in customary form for such Shelf Underwritten
Offering with the managing Underwriter or Underwriters selected by the majority-in-interest of the participating Holders after consultation
with the Company and shall take all such other reasonable actions as are reasonably requested by the managing Underwriter or Underwriters
in order to facilitate the disposition of such Registrable Securities. In connection with any Shelf Underwritten Offering contemplated
by this subsection 2.1.4, subject to Section 3.3 and Article IV, the underwriting agreement into which each Holder
and the Company shall enter shall contain representations, covenants, indemnities and other rights and obligations in customary form for
such Shelf Underwritten Offering by the Company.

 

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2.1.5 Notwithstanding
the registration obligations set forth in this Section 2.1, in the event the Commission informs the Company that all of the Registrable
Securities cannot, as a result of the application of Rule 415, be registered for resale as a secondary offering on a single Registration
Statement, the Company agrees to promptly (i) inform each of the Holders thereof and use its reasonable best efforts to file amendments
to the Resale Shelf Registration Statement as required by the Commission and/or (ii) withdraw the Resale Shelf Registration Statement
and file a new registration statement (a “New Registration Statement”) on Form S-1 (or such other form of registration
statement as is then available to permit Registration of such Registrable Securities for resale); provided, however, that prior to filing
such amendment or New Registration Statement, the Company shall use its reasonable best efforts to advocate with the Commission for the
registration of all of the Registrable Securities in accordance with any publicly-available written or oral guidance, comments, requirements
or requests of the Commission staff (the “SEC Guidance”). Notwithstanding any other provision of this Agreement, if
any SEC Guidance sets forth a limitation of the number of Registrable Securities permitted to be registered on a particular Registration
Statement as a secondary offering (and notwithstanding that the Company used its reasonable best efforts to advocate with the Commission
for the registration of all or a greater number of Registrable Securities), unless otherwise directed in writing by a Holder as to its
Registrable Securities, the number of Registrable Securities to be registered on such Registration Statement will be reduced on a pro
rata basis based on the total number of Registrable Securities held by the Holders, subject to a determination by the Commission that
certain Holders must be reduced first based on the number of Registrable Securities held by such Holders. In the event the Company amends
the Resale Shelf Registration Statement or files a New Registration Statement, as the case may be, under clause (i) or (ii) above, the
Company will use its reasonable best efforts to file with the Commission, as promptly as allowed by Commission or SEC Guidance provided
to the Company or to registrants of securities in general, one or more registration statements on Form S-1 or such other form available
to register for resale those Registrable Securities that were not registered for resale on the Resale Shelf Registration Statement, as
amended, or the New Registration Statement.

 

2.1.6 Registrations
effected pursuant to this Section 2.1 shall not be counted as Demand Registrations effected pursuant to Section 2.2.

 

Section 2.2 Demand Registration.

 

2.2.1 Request
for Registration.  Subject to the provisions of subsection 2.2.4 and Section 2.4 hereof and provided
that the Company does not have an effective Registration Statement pursuant to subsection 2.1.1 or subsection 2.1.2 covering
Registrable Securities, at any time and from time to time on or after the Effective Time, Holders holding at least $10,000,000 of the
then-outstanding number of Registrable Securities held by all Holders (such Holders, the “Demanding Holders”), may
make a written demand for Registration of all or part of their Registrable Securities on Form S-1 (or such other form of registration
statement as is then available to permit Registration of such Registrable Securities for resale by such Demanding Holders), which written
demand shall describe the amount and type of securities to be included in such Registration and the intended method(s) of distribution
thereof (such written demand, a “Demand Registration”).  The Company shall, within ten (10) days of the Company’s
receipt of the Demand Registration, notify, in writing, all other Holders of Registrable Securities of such demand, and each Holder of
Registrable Securities who thereafter wishes to include all or a portion of such Holder’s Registrable Securities in a Registration
pursuant to a Demand Registration (each such Holder that includes all or a portion of such Holder’s Registrable Securities in such
Registration, a “Demand Requesting Holder”) shall so notify the Company, in writing, within five (5) days after
the receipt by the Holder of the notice from the Company.  Upon receipt by the Company of any such written notification from a Demand
Requesting Holder(s) to the Company, such Demand Requesting Holder(s) shall be entitled to have their Registrable Securities
included in a Registration pursuant to a Demand Registration and the Company shall (i) file a Registration Statement in respect of all
Registrable Securities requested by the Demanding Holders and Demand Requesting Holder(s) pursuant to such Demand Registration, not more
than forty five (45) days immediately after the Company’s receipt of the Demand Registration, and (ii) effect the Registration thereunder
as soon thereafter as practicable.  Under no circumstances shall the Company be obligated to effect more than an aggregate of five
(5) Demand Registrations under this subsection 2.2.1.

 

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2.2.2 Effective
Registration.  Notwithstanding the provisions of subsection 2.2.1 above or any other part of this Agreement, a Registration
pursuant to a Demand Registration shall not count as a Registration unless and until (i) the Registration Statement filed with the
Commission with respect to a Registration pursuant to a Demand Registration has been declared effective by the Commission and (ii) the
Company has complied with all of its obligations under this Agreement with respect thereto; provided that if, after such Registration
Statement has been declared effective, an offering of Registrable Securities in a Registration pursuant to a Demand Registration is subsequently
interfered with by any stop order or injunction of the Commission, federal or state court or any other governmental agency, the Registration
Statement with respect to such Registration shall be deemed not to have been declared effective, unless and until, (i) such stop order
or injunction is removed, rescinded or otherwise terminated, and (ii) a majority-in-interest of the Demanding Holders initiating such
Demand Registration thereafter affirmatively elect to continue with such Registration and accordingly notify the Company in writing, but
in no event later than five (5) days after such stop order or injunction is removed, rescinded or otherwise terminated, of such election;
provided, further, that the Company shall not be obligated or required to file another Registration Statement until the Registration Statement
that has been previously filed with respect to a Registration pursuant to a Demand Registration becomes effective or is subsequently terminated.

 

2.2.3 Underwritten
Offering.  Subject to the provisions of subsection 2.2.4 and Section 2.4 hereof, if a majority-in-interest
of the Demanding Holders so advise the Company as part of their Demand Registration that the offering of the Registrable Securities pursuant
to such Demand Registration shall be in the form of an Underwritten Offering, then the right of such Demanding Holder or Demand Requesting
Holder (if any) to include its Registrable Securities in such Registration shall be conditioned upon such Holder’s participation
in such Underwritten Offering and the inclusion of such Holder’s Registrable Securities in such Underwritten Offering to the extent
provided herein.  All such Holders proposing to distribute their Registrable Securities through an Underwritten Offering under this
subsection 2.2.3 shall enter into an underwriting agreement in customary form with the Underwriter(s) selected for such
Underwritten Offering by the majority-in-interest of the Demanding Holders initiating the Demand Registration.

 

2.2.4 Reduction
of Underwritten Offering.  If the managing Underwriter or Underwriters in an Underwritten Registration pursuant to a Demand Registration,
in good faith, advises the Company, the Demanding Holders and the Demand Requesting Holders (if any) in writing that the dollar amount
or number of Registrable Securities that the Demanding Holders and the Demand Requesting Holders (if any) desire to sell, taken together
with all other Common Stock or other equity securities that the Company desires to sell and the Common Stock, if any, as to which a Registration
has been requested pursuant to separate written contractual piggy-back registration rights held by any other stockholders who desire to
sell, exceeds the maximum dollar amount or maximum number of equity securities that can be sold in the Underwritten Offering without adversely
affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering (such maximum
dollar amount or maximum number of such securities, as applicable, the “Maximum Number of Securities”), then the Company
shall include in such Underwritten Offering, as follows: (i) first, the Registrable Securities of the Demanding Holders and the Demand
Requesting Holders (if any) (pro rata based on the respective number of Registrable Securities that each Demanding Holder and Demand Requesting
Holder (if any) has requested be included in such Underwritten Registration and the aggregate number of Registrable Securities that the
Demanding Holders and Demand Requesting Holders have requested be included in such Underwritten Registration (such proportion is referred
to herein as “Pro Rata”)) that can be sold without exceeding the Maximum Number of Securities; (ii) second, to
the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), Common Stock or other equity securities
that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities; and (iii) third, to the extent
that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii), Common Stock or other equity securities
of other persons or entities that the Company is obligated to register in a Registration pursuant to separate written contractual arrangements
with such persons and that can be sold without exceeding the Maximum Number of Securities.

 

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2.2.5 Demand
Registration Withdrawal.  A majority-in-interest of the combined Demanding Holders and Demand Requesting Holders (if any), pursuant
to a Registration under subsection 2.2.1 shall have the right to withdraw from a Registration pursuant to such Demand Registration
for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of their intention
to withdraw from such Registration prior to the effectiveness of the Registration Statement filed with the Commission with respect to
the Registration of their Registrable Securities pursuant to such Demand Registration.  If a majority-in-interest of the Demanding
Holders and Demand Requesting Holders (if any), withdraws from a proposed offering pursuant to this Section 2.2.5, then such
registration shall not count as a Demand Registration provided for in Section 2.2. Notwithstanding anything to the contrary in
this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with a Registration pursuant to
a Demand Registration prior to its withdrawal under this subsection 2.2.5.

 

Section 2.3 Piggyback
Registration.

 

2.3.1 Piggyback
Rights.  If the Company proposes to file a Registration Statement under the Securities Act with respect to an offering of equity
securities, or securities or other obligations exercisable or exchangeable for, or convertible into equity securities, for its own account
or for the account of stockholders of the Company (other than Holders of Registrable Securities, which offerings are covered by Section
2.1 or Section 2.2), other than a Registration Statement (i) filed in connection with any employee stock option or other
benefit plan, (ii) for an exchange offer or offering of securities solely to the Company’s existing stockholders, (iii) for
an offering of debt that is convertible into equity securities of the Company, (iv) for a dividend reinvestment plan, or (v) filed
in connection with any business combination or acquisition involving the Company, then the Company shall give written notice of such proposed
filing to all of the Holders of Registrable Securities as soon as practicable but not less than ten (10) days before the anticipated
filing date of such Registration Statement, which notice shall (A) describe the amount and type of securities to be included in such
offering, the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, in such
offering, and (B) offer to all of the Holders of Registrable Securities the opportunity to register the sale of such number of Registrable
Securities as such Holders may request in writing within five (5) days after receipt of such written notice (such Registration a
“Piggyback Registration”).  The Company shall, in good faith, cause such Registrable Securities to be included
in such Piggyback Registration and shall use its reasonable best efforts to cause the managing Underwriter or Underwriters of a proposed
Underwritten Offering to permit the Registrable Securities requested by the Holders pursuant to this subsection 2.3.1 to be
included in a Piggyback Registration on the same terms and conditions as any similar securities of the Company included in such Registration
and to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution
thereof.  All such Holders proposing to distribute their Registrable Securities through an Underwritten Offering under this subsection 2.3.1
shall enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by the
Company.

 

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2.3.2 Reduction
of Piggyback Registration.  If the managing Underwriter or Underwriters in an Underwritten Registration that is to be a Piggyback
Registration, in good faith, advises the Company and the Holders of Registrable Securities participating in the Piggyback Registration
in writing that the dollar amount or number of shares of Common Stock or other equity securities that the Company desires to sell, taken
together with (i) the shares of Common Stock or other equity securities, if any, as to which Registration has been demanded pursuant
to separate written contractual arrangements with persons or entities other than the Holders of Registrable Securities hereunder, (ii) the
Registrable Securities as to which registration has been requested pursuant to this Section 2.3, and (iii) the shares
of Common Stock or other equity securities, if any, as to which Registration has been requested pursuant to separate written contractual
piggy-back registration rights of other stockholders of the Company, exceeds the Maximum Number of Securities, then:

 

	 	(i)	If the Registration is undertaken for the Company’s account, the Company shall include in any such Registration (A) first, Common Stock or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.3.1 hereof, Pro Rata, which can be sold without exceeding the Maximum Number of Securities; and (C) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A) and (B), Common Stock, if any, as to which Registration has been requested pursuant to written contractual piggy-back registration rights of other stockholders of the Company, which can be sold without exceeding the Maximum Number of Securities; and

 

	 	(ii)	If the Registration is pursuant to a request by persons or entities other than the Holders of Registrable Securities, then the Company shall include in any such Registration (A) first, Common Stock or other equity securities, if any, of such requesting persons or entities, other than the Holders of Registrable Securities, which can be sold without exceeding the Maximum Number of Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.3.1, Pro Rata, which can be sold without exceeding the Maximum Number of Securities; (C) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A) and (B), Common Stock or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities; and (D) fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A), (B) and (C), Common Stock or other equity securities for the account of other persons or entities that the Company is obligated to register pursuant to separate written contractual arrangements with such persons or entities, which can be sold without exceeding the Maximum Number of Securities.

 

2.3.3 Piggyback
Registration Withdrawal.  Any Holder of Registrable Securities shall have the right to withdraw from a Piggyback Registration
for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of his, her or its
intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement filed with the Commission
with respect to such Piggyback Registration.  The Company (whether on its own good faith determination or as the result of a request
for withdrawal by persons pursuant to separate written contractual obligations) may withdraw a Registration Statement filed with the Commission
in connection with a Piggyback Registration at any time prior to the effectiveness of such Registration Statement.  Notwithstanding
anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with
the Piggyback Registration prior to its withdrawal under this subsection 2.3.3.

 

2.3.4 Unlimited
Piggyback Registration Rights.  For purposes of clarity, any Registration effected pursuant to Section 2.3 hereof
shall not be counted as a Registration pursuant to a Demand Registration effected under Section 2.2 hereof.

 

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Section 2.4 Restrictions
on Registration Rights. If (A) during the period starting with the date sixty (60) days prior to the Company’s good faith
estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date of, the Company
initiated Registration and provided that the Company has delivered written notice to the Holders prior to receipt of a Demand Registration
pursuant to subsection 2.2.1 and it continues to actively employ, in good faith, all reasonable efforts to cause the applicable
Registration Statement to become effective; (B) the Holders have requested an Underwritten Registration and the Company and the Holders
are unable to obtain the commitment of underwriters to firmly underwrite the offer; or (C) in the good faith judgment of the Board
such Registration would be materially detrimental to the Company and the Board concludes as a result that it is essential to defer the
filing of such Registration Statement at such time, then in each case the Company shall furnish to such Holders a certificate signed by
the Chairman of the Board stating that in the good faith judgment of the Board it would be materially detrimental to the Company for such
Registration Statement to be filed in the near future and that it is therefore essential to defer the filing of such Registration Statement. 
In such event, the Company shall have the right to defer such filing for a period of not more than thirty (30) days; provided,
however, that the Company shall not defer its obligation in this manner more than once in any 12 month period. 

 

ARTICLE III

COMPANY PROCEDURES

 

Section 3.1 General
Procedures. If at any time on or after the Effective Time the Company is required to effect the Registration of Registrable Securities,
the Company shall use its reasonable best efforts to effect such Registration to permit the sale of such Registrable Securities in accordance
with the intended plan of distribution thereof, and pursuant thereto the Company shall, as expeditiously as possible:

 

3.1.1 prepare
and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and use its reasonable
best efforts to cause such Registration Statement to become effective and remain effective until all Registrable Securities covered by
such Registration Statement have been sold;

 

3.1.2 prepare
and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements to the
Prospectus, as may be reasonably requested by the Holders or any Underwriter of Registrable Securities or as may be required by the rules,
regulations or instructions applicable to the registration form used by the Company or by the Securities Act or rules and regulations
thereunder to keep the Registration Statement effective until all Registrable Securities covered by such Registration Statement are sold
in accordance with the intended plan of distribution set forth in such Registration Statement or supplement to the Prospectus;

 

3.1.3 prior
to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriters,
if any, and the Holders of Registrable Securities included in such Registration, and such Holders’ legal counsel, copies of such
Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all
exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement (including each
preliminary Prospectus), and such other documents as the Underwriters and the Holders of Registrable Securities included in such Registration
or the legal counsel for any such Holders may request in order to facilitate the disposition of the Registrable Securities owned by such
Holders;

 

3.1.4 prior
to any public offering of Registrable Securities, use its reasonable best efforts to (i) register or qualify the Registrable Securities
covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United States
as the Holders of Registrable Securities included in such Registration Statement (in light of their intended plan of distribution) may
request and (ii) take such action reasonably necessary to cause such Registrable Securities covered by the Registration Statement
to be registered with or approved by such other governmental authorities as may be reasonably necessary, following opinion of Company
legal counsel, by virtue of the business and operations of the Company and do any and all other acts and things that may be reasonably
necessary or advisable, following opinion of Company legal counsel, to enable the Holders of Registrable Securities included in such Registration
Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however, that the
Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify
or take any action to which it would be subject to general service of process or taxation in any such jurisdiction where it is not then
otherwise so subject;

 

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3.1.5 cause
all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar securities issued
by the Company are then listed;

 

3.1.6 provide
a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than the effective date of
such Registration Statement;

 

3.1.7 advise
each Holder of such Registrable Securities covered by such Registration Statement, promptly after it shall receive notice or obtain knowledge
thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation
or threatening of any proceeding for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop order
or to obtain its withdrawal if such stop order should be issued;

 

3.1.8 advise each Holder of
Registrable Securities covered by such Registration Statement, promptly after the Company receives notice thereof, of the time when such
registration statement has been declared effective or a supplement to any Prospectus forming a part of such registration statement has
been filed;

 

3.1.9 at
least five (5) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such Registration
Statement or Prospectus, furnish a copy thereof to each Holder of such Registrable Securities or its counsel;

 

3.1.10 notify
the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities Act,
of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes
a Misstatement, and then to correct such Misstatement as set forth in Section 3.4 hereof;

 

3.1.11 permit
a representative of the Holders, the Underwriters, if any, and any attorney or accountant retained by such Holders or Underwriter to participate,
at each such person’s own expense, in the preparation of the Registration Statement, and cause the Company’s officers, directors
and employees to supply all information reasonably requested by any such representative, Underwriter, attorney or accountant in connection
with the Registration; provided, however, that such representatives or Underwriters enter into a confidentiality agreement,
in form and substance reasonably satisfactory to the Company, prior to the release or disclosure of any such information;

 

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3.1.12 obtain
a “cold comfort” letter from the Company’s independent registered public accountants (and the independent accountant
of any other entity whose financial statements are included in (or incorporated by reference in) a Registration Statement) in the event
of an Underwritten Registration, in customary form and covering such matters of the type customarily covered by “cold comfort”
letters as the managing Underwriter may reasonably request, and reasonably satisfactory to a majority-in-interest of the participating
Holders and such managing Underwriter;

 

3.1.13 on
the date the Registrable Securities are delivered for sale pursuant to such Registration, obtain an opinion, dated such date, of counsel
representing the Company for the purposes of such Registration, addressed to the Holders, the placement agent or sales agent, if any,
and the Underwriters, if any, covering such legal matters with respect to the Registration in respect of which such opinion is being given
as the Holders, placement agent, sales agent, or Underwriter may reasonably request and as are customarily included in such opinions and
negative assurance letters, and reasonably satisfactory to a majority in interest of the participating Holders;

 

3.1.14 in
the event of any Underwritten Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing Underwriter of such offering;

 

3.1.15 make
available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12)
months beginning with the first day of the Company’s first full calendar quarter after the effective date of the Registration Statement
which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor
rule promulgated thereafter by the Commission);

 

3.1.16 if
the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $20,000,000, use its reasonable
best efforts to make available senior executives of the Company to participate in customary “road show” presentations that
may be reasonably requested by the Underwriter in any Underwritten Offering; and

 

3.1.17 otherwise,
in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the Holders, in connection
with such Registration.

 

Section 3.2 Registration
Expenses. The Registration Expenses of all Registrations shall be borne by the Company.  It is acknowledged by the Holders that
the Holders shall bear all incremental selling expenses relating to the sale of Registrable Securities, such as Underwriters’ commissions
and discounts, brokerage fees, Underwriter marketing costs and, other than as set forth in the definition of “Registration
Expenses,” all reasonable fees and expenses of any legal counsel representing the Holders.

 

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Section 3.3 Requirements
for Participation in Underwritten Offerings.  No person may participate in any Underwritten Offering for equity securities of
the Company pursuant to a Registration initiated by the Company hereunder unless such person (i) agrees to sell such person’s
securities on the basis provided in any underwriting arrangements approved by the Company and (ii) completes and executes all customary
questionnaires, powers of attorney, indemnities, lock-up agreements, underwriting agreements and other customary documents as may be reasonably
required under the terms of such underwriting arrangements.

 

Section 3.4 Suspension
of Sales; Adverse Disclosure.  Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains
a Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until he, she or it has received
copies of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare
and file such supplement or amendment as soon as practicable after the time of such notice), or until he, she or it is advised in writing
by the Company that the use of the Prospectus may be resumed.  If the filing, initial effectiveness or continued use of a Registration
Statement in respect of any Registration at any time would require the Company to make an Adverse Disclosure or would require the inclusion
in such Registration Statement of financial statements that are unavailable to the Company for reasons beyond the Company’s control,
the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend
use of, such Registration Statement for the shortest period of time, but in no event more than thirty (30) days, determined in good faith
by the Company to be necessary for such purpose.  In the event the Company exercises its rights under the preceding sentence, the
Holders agree to suspend, immediately upon their receipt of the notice referred to above, their use of the Prospectus relating to any
Registration in connection with any sale or offer to sell Registrable Securities.  The Company shall immediately notify the Holders
of the expiration of any period during which it exercised its rights under this Section 3.4.

 

Section 3.5 Reporting
Obligations.  As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting
company under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace
period) all reports required to be filed by the Company after the Closing Date pursuant to Sections 13(a) or 15(d) of the
Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings upon request.  The Company further
covenants that it shall take such further action as any Holder may reasonably request, all to the extent required from time to time to
enable such Holder to sell Registrable Securities held by such Holder without registration under the Securities Act within the limitation
of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule promulgated thereafter by
the Commission), including providing any legal opinions.  Upon the request of any Holder, the Company shall deliver to such Holder
a written certification of a duly authorized officer as to whether it has complied with such requirements.

 

Section 3.6 Limitations
on Registration Rights. The Company shall not hereafter enter into any agreement with respect to its securities which is inconsistent
with or violates the rights granted to the Holders of Registrable Securities in this Agreement and in the event of any conflict between
any such agreement or agreements and this Agreement, the terms of this Agreement shall prevail.

 

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ARTICLE IV

INDEMNIFICATION AND CONTRIBUTION

 

Section 4.1 Indemnification

 

4.1.1 The
Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers and directors and agents
and each person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities and
expenses (including reasonable and documented attorneys’ fees) caused by any untrue or alleged untrue statement of material fact
contained in any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission
or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, except
insofar as the same are caused by or contained in any information furnished in writing to the Company by such Holder expressly for use
therein. 

 

4.1.2 In
connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish to
the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such Registration
Statement or Prospectus and, to the extent permitted by law, shall indemnify the Company, its directors and officers and agents and each
person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and expenses
(including without limitation reasonable attorneys’ fees) resulting from any untrue statement of material fact contained in the
Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission of a material
fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue
statement or omission is contained in any information or affidavit so furnished in writing by such Holder expressly for use therein; provided,
however, that the obligation to indemnify shall be several, not joint and several, among such Holders of Registrable Securities,
and the liability of each such Holder of Registrable Securities shall be in proportion to and limited to the net proceeds received by
such Holder from the sale of Registrable Securities pursuant to such Registration Statement. 

 

4.1.3 Any
person entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s right to indemnification
hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) unless in such indemnified party’s
reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit
such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party.  If such
defense is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without
its consent (but such consent shall not be unreasonably withheld).  An indemnifying party who is not entitled to, or elects not to,
assume the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified
by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest
may exist between such indemnified party and any other of such indemnified parties with respect to such claim.  No indemnifying party
shall, without the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement which cannot be
settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the terms of such settlement)
or which settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party
of a release from all liability in respect to such claim or litigation.

 

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4.1.4 The
indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on
behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive the transfer
of Registrable Securities.  The Company and each Holder of Registrable Securities participating in an offering also agree to make
such provisions as are reasonably requested by any indemnified party for contribution to such party in the event the Company’s or
such Holder’s indemnification is unavailable for any reason.

 

4.1.5 If
the indemnification provided under Section 4.1 hereof from the indemnifying party is unavailable or insufficient to hold harmless
an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then the indemnifying party,
in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result of
such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying
party and the indemnified party, as well as any other relevant equitable considerations.  The relative fault of the indemnifying
party and indemnified party shall be determined by reference to, among other things, whether any action in question, including any untrue
or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, was made by, or relates to information
supplied by, such indemnifying party or indemnified party, and the indemnifying party’s and indemnified party’s relative intent,
knowledge, access to information and opportunity to correct or prevent such action; provided, however, that the liability
of any Holder under this subsection 4.1.5 shall be limited to the amount of the net proceeds received by such Holder in such offering
giving rise to such liability.  The amount paid or payable by a party as a result of the losses or other liabilities referred to
above shall be deemed to include, subject to the limitations set forth in subsections 4.1.1, 4.1.2 and 4.1.3 above,
any reasonable and documented legal or other fees, charges or expenses reasonably incurred by such party in connection with any investigation
or proceeding.  The parties hereto agree that it would not be just and equitable if contribution pursuant to this subsection 4.1.5
were determined by pro rata allocation or by any other method of allocation, which does not take account of the equitable considerations
referred to in this subsection 4.1.5.  No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to contribution pursuant to this subsection 4.1.5 from any person who was not guilty
of such fraudulent misrepresentation.

 

ARTICLE V

LOCK-UP

 

Section 5.1 Lock-Up.

 

5.1.1 Except
as permitted by Section 5.2, until the earliest of: (i) the date that is one (1) year from the Closing Date, (ii) the last consecutive
trading day where the sale price of the Common Stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends,
reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after the Closing Date, or
(iii) such date on which the Company completes a liquidation, merger, stock exchange or other similar transaction which results in all
of the stockholders of such entity having the right to exchange their shares of Common Stock for cash, securities or other property (the
“Lock-up Period”), each New Holder shall not Transfer any shares of Common Stock beneficially owned or owned of record
by such Holder.

 

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5.1.2 The
Original Holders shall not Transfer (a) any shares of Common Stock beneficially owned or owned of record by such Original Holder prior
to the Purchaser’s initial public offering (the “Escrow Shares”), other than as provided in Section 4.3 of the
Escrow Agreement, dated February 4, 2021, (the “Escrow Agreement”) by and among the Purchaser, Continental Stock Transfer
& Trust Company (the “Escrow Agent”) and the Original Holders. The Escrow Agent shall hold (i) 50% of the Escrow
Shares, until the earlier of (x) six months after the Closing Date and (y) the date on which the closing price of the Common Stock equals
or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading
days within any 30-trading day period commencing after the Closing Date and (ii) the remaining 50% of the Escrow Shares, until six months
after the Closing Date; provided, however, that if, within six months after the Closing Date, the Company subsequently consummates a liquidation,
merger, stock exchange or other similar transaction which results in all of the stockholders of such entity having the right to exchange
their shares of Common Stock for cash, securities or other property, then the Escrow Agent will, upon the requisite notice, release the
Escrow Shares to the Original Holders, or (b) any Private Placement Warrants (including any shares of Common Stock issued or issuable
upon the exercise of any such Private Placement Warrants) until 30 days after the Closing Date, other than as provided in the Private
Placement Warrants Purchase Agreements between the Purchaser and certain Original Holders, dated February 4, 2021.

 

Section 5.2 Exceptions. The
provisions of Section 5.1.1 shall not apply to:

 

 5.2.1 transactions
relating to shares of Common Stock acquired in open market transactions;

 

 5.2.2 Transfers of
shares of Common Stock or any security convertible into or exercisable or exchangeable for Common Stock as a bona fide gift;

 

 5.2.3 Transfers of
shares of Common Stock to a trust, or other entity formed for estate planning purposes for the primary benefit of the spouse, domestic
partner, parent, sibling, child or grandchild of the Holder or any other person with whom the Holder has a relationship by blood, marriage
or adoption not more remote than first cousin;

 

 5.2.4 Transfers by
will or intestate succession upon the death of the Holder;

 

 5.2.5 the Transfer
of shares of Common Stock pursuant to a qualified domestic order or in connection with a divorce settlement;

 

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 5.2.6 if the Holder
is a corporation, partnership (whether general, limited or otherwise), limited liability company, trust or other business entity, (i)
Transfers to another corporation, partnership, limited liability company, trust or other business entity that controls, is controlled
by or is under common control or management with the undersigned, (ii) distributions of shares of Common Stock to partners, limited liability
company members or stockholders of the undersigned;

 

5.2.7 Transfers
to the Company’s officers, directors or their affiliates;

 

 5.2.8 pledges of shares
of Common Stock or other Registrable Securities as security or collateral in connection with any borrowing or the incurrence of any indebtedness
by any Holder (provided such borrowing or incurrence of indebtedness is secured by a portfolio of assets or equity interests issued by
multiple issuers);

 

 5.2.9 pursuant to a
bona fide third-party tender offer, merger, stock sale, recapitalization, consolidation or other transaction involving a Change in Control
of the Company, provided that in the event that such tender offer, merger, recapitalization, consolidation or other such transaction is
not completed, the Common Stock subject to this Agreement shall remain subject to this Agreement; and

 

 5.2.10 the establishment
of a trading plan pursuant to Rule 10b5-1 promulgated under the Exchange Act, provided that such plan does not provide for the transfer
of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock during the Lock-up Period;

 

provided, that in the case of any Transfer
or distribution pursuant to Sections 5.2.2 through 5.2.7, each donee, distributee or other transferee shall agree in writing,
in form and substance reasonably satisfactory to the Company, to be bound by the provisions of this Agreement.

 

ARTICLE VI

GENERAL PROVISIONS

 

Section 6.1 Entire Agreement.
This Agreement (including Schedule A hereto) constitutes the entire understanding and agreement between the parties as to the matters
covered herein and supersedes and replaces any prior understanding, agreement or statement of intent, in each case, written or oral, of
any and every nature with respect thereto.

 

Section 6.2 Prior Agreement.
The Purchaser and the Original Holders, as parties to the Prior Agreement, hereby agree that the Prior Agreement is terminated with respect
to such parties as of the Closing Date and is replaced in its entirety by this Agreement and none of the Original Holders shall have any
further rights thereunder.

 

Section 6.3 Notices.
Any notice or other communication required or permitted to be delivered to any party under this Agreement shall be in writing and shall
be deemed properly delivered, given and received (a) upon receipt when delivered by hand, (b) upon transmission, if sent by
facsimile or electronic transmission (in each case with receipt verified by electronic confirmation), or (c) one (1) Business
Day after being sent by courier or express delivery service, specifying next day delivery, with proof of receipt. The addresses, email
addresses and facsimile numbers for such notices and communications are those set forth on the signature pages hereof, or such other address,
email address or facsimile numbers as may be designated in writing hereafter, in the same manner, by any such person.

 

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Section 6.4 Assignment;
No Third-Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or
delegated by the Company in whole or in part. This Agreement and the rights, duties and obligations of the Holders of Registrable Securities
hereunder may be freely assigned or delegated by such Holder of Registrable Securities in conjunction with and to the extent of any transfer
of Registrable Securities by any such Holder. This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit
of each of the parties and the permitted assigns of the applicable Holder of Registrable Securities or of any assignee of the applicable
Holder of Registrable Securities. This Agreement is not intended to confer any rights or benefits on any persons that are not party hereto
other than as expressly set forth in Article IV and this Section 6.4. No assignment by any party hereto of such party’s
rights, duties and obligations hereunder shall be binding upon or obligate the Company unless and until the Company shall have received
(i) written notice of such assignment and (ii) the written agreement of the assignee, in a form reasonably satisfactory to the Company,
to be bound by the terms and provisions of this Agreement (which may be accomplished by an addendum or certificate of joinder to this
Agreement).

 

Section 6.5 Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become
effective when one or more counterparts have been signed by each of the parties and delivered to the other parties, it being understood
that all parties need not sign the same counterpart and such counterparts may be delivered by the parties hereto via facsimile or electronic
transmission.

 

Section 6.6 Amendment;
Waiver. This Agreement may be amended or modified, and any provision hereof may be waived, in whole or in part, at any time pursuant
to an agreement in writing executed by the Company and Holders holding a majority of the Registrable Securities at such time; provided,
however, that notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely affects one Holder, solely in his, her
or its capacity as a Holder of the shares of capital stock of the Company, in a manner that is materially different from the other Holders
(in such capacity) shall require the consent of the Holder so affected; provided further, that this Agreement may be amended by the Company,
without the consent of any of the Holders, to (i) add as “Original Holders” Chardan Quantum LLC and any securities held by
Chardan Quantum LLC at the Closing Date as “Registrable Securities”, (ii) add as “Holders” any stockholders of
Commercial Bancorp that receive securities of the Company in a private placement pursuant to the Amended and Restated Agreement and Plan
of Merger, dated as of the date hereof, between the Company, AtlasClear, CB Merger Sub, Inc., a subsidiary of AtlasClear, and Commercial
Bancorp and (iii) include any such securities as “Registrable Securities”. Any failure by any party at any time to enforce
any of the provisions of this Agreement shall not be construed a waiver of such provision or any other provisions hereof.

 

Section 6.7 Severability.
In the event that any provision of this Agreement or the application thereof becomes or is declared by a court of competent jurisdiction
to be illegal, void or unenforceable, the remainder of this Agreement will continue in full force and effect and the application of such
provision to other persons or circumstances will be interpreted so as reasonably to effect the intent of the parties hereto.

 

    20

     

    

 

Section 6.8 Governing
Law; Venue. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to
contracts executed in and to be performed in that State. All legal actions and proceedings arising out of or relating to this Agreement
shall be heard and determined exclusively in any Delaware Chancery Court; provided, that if jurisdiction is not then available in the
Delaware Chancery Court, then any such legal action may be brought in any federal court located in the State of Delaware or any other
Delaware state court. The parties hereto hereby (a) irrevocably submit to the exclusive jurisdiction of the aforesaid courts for themselves
and with respect to their respective properties for the purpose of any action arising out of or relating to this Agreement brought by
any party hereto, and (b) agree not to commence any action relating thereto except in the courts described above in Delaware, other than
actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court in Delaware as described
herein. Each of the parties further agrees that notice as provided herein shall constitute sufficient service of process and the parties
further waive any argument that such service is insufficient. Each of the parties hereby irrevocably and unconditionally waives, and agrees
not to assert, by way of motion or as a defense, counterclaim or otherwise, in any action arising out of or relating to this Agreement
or the transactions contemplated hereby, (a) any claim that it is not personally subject to the jurisdiction of the courts in Delaware
as described herein for any reason, (b) that it or its property is exempt or immune from jurisdiction of any such court or from any legal
process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment,
execution of judgment or otherwise) and (c) that (i) the action in any such court is brought in an inconvenient forum, (ii) the venue
of such action is improper or (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts.

 

Section 6.9 Specific
Performance. Each party acknowledges and agrees that the other parties hereto would be irreparably harmed and would not have any adequate
remedy at law in the event that any of the provisions of this Agreement were not performed by such first party in accordance with their
specific terms or were otherwise breached by such first party. Accordingly, each party agrees that the other parties hereto shall be entitled
to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement,
this being in addition to any other remedy to which such parties are entitled at law or in equity.

 

Section 6.10 Term.
This Agreement shall terminate (a) with respect to any Holder on the date on which such Holder ceases to hold Registrable Securities and
(b) otherwise upon the date as of which all of the Registrable Securities have been sold pursuant to a Registration Statement (but in
each case in no event prior to the applicable period referred to in Section 4(a)(3) of the Securities Act and Rule 174 thereunder (or
any successor rule promulgated thereafter by the Commission)). The provisions of Article IV shall survive any termination.

 

(Next Page is Signature Page)

 

    21

     

    

 

IN WITNESS WHEREOF, each of the parties has executed
this Agreement as of the date first written above.

 

	 	COMPANY:
	 	 	 
	 	QUANTUM FINTECH ACQUISITION CORPORATION
	 	 	 
	 	By:	/s/ John Schaible 
	 	Name:	John Schaible
	 	Title:	Chief Executive Officer
	 	 	 
	 	Address for Notice:
	 	 
	 	4221 W. Boy Scout Blvd., Suite 300
	 	Tampa, FL 33607

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

 IN
WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.

 

	 	HOLDER:

	 	 	 
	 	Name:Quantum Ventures LLC

	 	 	 
	 	By:	/s/ John Schaible 
	 	Name: 	John Schaible
	 	Title:	Chief Executive Officer

 

	 	Address for Notice: [Intentionally Omitted]
	 	 	 
	 	Telephone No.:	 
	 	 	 
	 	Facsimile No.:	 
	 	 	 
	 	Email Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

 IN
WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.

 

	 	HOLDER:
	 	 
	 	/s/ John Schaible
                                            

	 	Name: 	John Schaible

 

	 	Address for Notice: [Intentionally Omitted]
	 	 	 
	 	Telephone No.:	 
	 	 	 
	 	Facsimile No.:	 
	 	 	 
	 	Email Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

  IN
WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.

 

	 	HOLDER:
	 	 
	 	/s/ Miguel Leon
                                            

	 	Name: 	Miguel Leon

 

	 	Address for Notice: [Intentionally Omitted]
	 	 	 
	 	Telephone No.:	 
	 	 	 
	 	Facsimile No.:	 
	 	 	 
	 	Email Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

 IN
WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.

 

	 	HOLDER:
	 	 
	 	/s/ Sandip I. Patel
                                            

	 	Name:	Sandip I.
Patel

 

	 	Address for Notice: [Intentionally Omitted]
	 	 	 
	 	Telephone No.:	 
	 	 	 
	 	Facsimile No.:	 
	 	 	 
	 	Email Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

  IN
WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.

 

	 	HOLDER:
	 	 
	 	/s/ Thomas
J. Hammond

	 	Name:	Thomas J.
Hammond

 

	 	Address for Notice: [Intentionally Omitted]
	 	 	 
	 	Telephone No.:	 
	 	 	 
	 	Facsimile No.:	 
	 	 	 
	 	Email Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

 IN
WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.

 

	 	HOLDER:
	 	 
	 	/s/ Richard
Korhammer

	 	Name:	Richard
Korhammer

 

	 	Address for Notice: [Intentionally Omitted]
	 	 	 
	 	Telephone No.:	 
	 	 	 
	 	Facsimile No.:	 
	 	 	 
	 	Email Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

 IN
WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.

 

	 	HOLDER:
	 	 
	 	/s/ Steven
J. Carlson

	 	Name: 	Steven J.
Carlson

 

	 	Address for Notice: [Intentionally Omitted]
	 	 	 
	 	Telephone No.:	 
	 	 	 
	 	Facsimile No.:	 
	 	 	 
	 	Email Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

 IN
WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.

 

	 	HOLDER:
	 	 
	 	/s/ Michael Devlin
                                            

	 	Name: 	Michael
Devlin

 

	 	Address for Notice: [Intentionally Omitted]
	 	 	 
	 	Telephone No.:	 
	 	 	 
	 	Facsimile No.:	 
	 	 	 
	 	Email Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

 IN
WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.

 

	 	HOLDER:
	 	 
	 	/s/ Robert
McBey

	 	Name: 	Robert McBey

 

	 	Address for Notice: [Intentionally Omitted]
	 	 	 
	 	Telephone No.:	 
	 	 	 
	 	Facsimile No.:	 
	 	 	 
	 	Email Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

 IN
WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.

 

	 	HOLDER:
	 	 
	 	
Name: 	
    Atlas FinTech Holdings Corp.

	 	 	 
	 	

    By:	/s/ Craig
Ridenhour

	 	 	Name: 	Craig Ridenhour
	 	 	Title:	Chief Business Development
Officer

 

	 	Address for Notice: [Intentionally Omitted]
	 	 	 
	 	Telephone No.:	 
	 	 	 
	 	Facsimile No.:	 
	 	 	 
	 	Email Address:	 

 

[Signature Page to Registration Rights Agreement]

 

     

     

    

 

Schedule A

 

Original Holders

 

	Name of Holder	 	Number of Shares of 

Common Stock	 	 	Number of Private 

Placement Warrants	 
	Quantum Ventures LLC	 	 	3,796,335	 	 	 	4,922,500	 
	John Schaible	 	 	40,833	 	 	 	0	 
	Miguel Leon	 	 	40,833	 	 	 	0	 
	Daniel Caamano, V	 	 	41,233	 	 	 	0	 
	Sandip I. Patel	 	 	41,334	 	 	 	0	 
	Thomas J. Hammond	 	 	40,833	 	 	 	0	 
	Richard Korhammer	 	 	40,833	 	 	 	0	 
	Steven J. Carlson	 	 	40,833	 	 	 	0	 
	Michael Devlin	 	 	 	 	 	 	 	 

 

New Holders

 

	Name of Holder	 	Number
of Shares of 

Common Stock
	 
	Atlas FinTech Holdings Corp.	 	 		 
	Robert McBeyExhibit
10.3

 

AGREEMENT
AND PLAN OF MERGER

 

dated
as of

 

November
16, 2022

 

by
and among AtlasClear, Inc.

 

And

 

Commercial
Bancorp

 

And,
with respect to Section 6.16 only,

 

Calculator
New Pubco, Inc.

 

     

    	 

    

 

TABLE
OF CONTENTS

 

	AGREEMENT
    AND PLAN OF MERGER	1
	RECITALS	1
	 	 
	ARTICLE
    I CERTAIN DEFINITIONS	2
	1.01	Certain
    Definitions	2
	 	 	 
	ARTICLE
    II THE MERGER	8
	2.01	The
    Merger	8
	2.02	Effective
    Time	8
	2.03	Escrow
    Deposit	8
	 	 	 
	ARTICLE
    III CONSIDERATION; EXCHANGE PROCEDURES	8
	3.01	Calculation
    of Merger Consideration	8
	3.02	Effect
    on Capital Stock	9
	3.03	Rights
    as Shareholders; Stock Transfers	9
	3.04	Election
    Procedures; Exchange Procedures	9
	 	 	 
	ARTICLE
    IV ACTIONS PENDING ACQUISITION	12
	4.01	Forbearances
    of CB and Bank	12
	4.02	Forbearances
    of Clear	13
	 	 	 
	ARTICLE
    V REPRESENTATIONS AND WARRANTIES	14
	5.01	Disclosure
    Schedules	14
	5.02	Representations
    and Warranties of CB and Bank	14
	5.03	Representations
    and Warranties of Clear	24
	 	 	 
	ARTICLE
    VI COVENANTS	25
	6.01	Reasonable
    Best Efforts	25
	6.02	Shareholder
    Approval; Appraisal Rights	25
	6.03	Press
    Releases	26
	6.04	Access;
    Information; Board Observation Rights	26
	6.05	Acquisition
    Proposals	27
	6.06	Reports
    and Filings	27
	6.07	Regulatory
    Applications	28
	6.08	Notification
    of Certain Matters	28
	6.09	No
    Breaches of Representations or Warranties	28
	6.10	Consents	28
	6.11	Insurance
    Coverage	28

 

    i

    	 

    

 

	6.12	Correction
    of Information	28
	6.13	Confidentiality	28
	6.14	Allowance
    for Loan and Lease Losses; Pre-Closing Loan Review	28
	6.15	Continuity
    of Interest	29
	6.16	Offering
    of New Pubco Stock	29
	 	 	 
	ARTICLE
    VII ESCROW ACCOUNT	30
	 	 
	ARTICLE
    VIII. CONDITIONS TO CONSUMMATION OF THE MERGER	30
	8.01	Conditions
    to Each Party’s Obligation to Effect the Merger	30
	8.02	Conditions
    to Obligation of CB	31
	8.03	Conditions
    to Obligation of Clear	31
	 	 	 
	ARTICLE
    IX TERMINATION	32
	9.01	Termination
    by Mutual Consent	32
	9.02	Termination
    by Either Clear or CB	32
	9.03	Termination
    by CB	32
	9.04	Termination
    by Clear	32
	9.05	Effect
    of Termination and Abandonment	32
	 	 	 
	ARTICLE
    X MISCELLANEOUS	33
	10.01	Survival	33
	10.02	Waiver;
    Amendment	33
	10.03	Counterparts	33
	10.04	Governing
    Law and Venue; Waiver of Jury Trial	33
	10.05	Counterparts	33
	10.06	Expenses	33
	10.07	Notices	33
	10.08	Entire
    Understanding; No Third Party Beneficiaries	35
	10.09	Interpretation;
    Effect	35
	10.10	Severability	35
	10.11	Assignment	35

 

    ii

    	 

    

 

AGREEMENT
AND PLAN OF MERGER

 

This
AGREEMENT AND PLAN OF MERGER, dated as of November 16, 2022 (this “Agreement”), by and among AtlasClear, Inc., a Wyoming
corporation (“Clear”), Commercial Bancorp, a Wyoming corporation (“CB”), and, with respect to Section 6.16
only, Calculator New Pubco, Inc., a Delaware corporation (“New Pubco”).

 

RECITALS

 

CB
is a Wyoming corporation, a registered bank holding company and the owner of 100% of the outstanding stock of Farmers State Bank (the
“Bank”), located in Pine Bluffs, Wyoming.

 

A. As
of the date hereof, Clear and Quantum FinTech Acquisition Corp. (“QFTA”), Calculator New Pubco, Inc. (“New Pubco”),
Calculator Merger Sub 1, Inc., Calculator Merger Sub 2, Inc., Atlas FinTech Holdings Corp. and Robert McBey are entering into a Business
Combination Agreement (the “Business Combination Agreement”) providing for the acquisition by New Pubco of Quantum and Clear;

 

B. It
is a condition to the consummation of the transactions contemplated by the Business Combination Agreement that Clear enter into this
Agreement.

 

C. It
is a condition to the transaction contemplated by this Agreement that the transactions contemplated by the Business Combination Agreement
have occurred.

 

D. It
is contemplated that following the date of this Agreement, (i) New Pubco will send to CB shareholders either a Prospectus or an Offering
Memorandum (each as defined herein) setting forth information with respect to the transactions contemplated by the Business Combination
Agreement, New Pubco and the expected operations of New Pubco giving effect to the transactions contemplated by the Business Combination
Agreement; and (ii) following receipt of the Offering Memorandum, CB shareholders will be asked to approve this Agreement and, in the
event this Agreement is approved, elect to receive the Option A merger consideration or Option B merger consideration as described herein.

 

E. The
respective boards of directors of Clear and CB have determined that it is in the best interests of their respective companies and their
shareholders to consummate the Merger and the other transactions contemplated by this Agreement.

 

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

 

    1

     

    

 

ARTICLE
I

CERTAIN DEFINITION

 

1.01 Certain
Definitions. The following terms are used in this Agreement with the meanings set forth below:

 

“Acquisition
Proposal” has the meaning set forth in Section 6.05.

 

“Adjusted
Estimated Book Value” (“AEBV”) means the mutually agreed upon book value of CB, to be used to calculate the “Merger
Consideration”

 

“Affiliate”
means, as to any Person, any other Person which, directly or indirectly, is in control of, is controlled by or is under common control
with such Person. For purposes of this definition, “control” of a Person shall mean the power, directly or indirectly, either
to (a) vote 10% or more of the securities having ordinary voting power for the election of directors or other management of such Person
or (b) direct or cause the direction of the management and policies of such Person, whether by contract or otherwise.

 

“Agreement”
means this Agreement, as amended or modified from time to time in accordance with Section 10.02.

 

“Anti-Money
Laundering Laws” has the meaning set forth in Section 5.02(x)

 

“Appraisal
Rights” means a shareholders right to appraisal pursuant to the WBCA

 

“Appraised
Value” means the conclusive assignment of value reached by a professional commercial real estate appraiser jointly selected
and retained by CB and Clear, provided said assigned value is not less than $400,000

 

“Bank”
has the meaning set forth in the preamble to this Agreement.

 

“Bank
Articles” means the Articles of Incorporation of Bank.

 

“Bank
Board” means the Board of Directors of Bank.

 

“Bank
Bylaws” means the Bylaws of Bank.

 

“Banking
Code” means the Wyoming Banking Code, as amended.

 

“Bank
Common Stock” means the common stock of Bank.

 

“Bank
Equity Capital” means the total equity capital of the Bank as of the Calculation Date, determined using Call report Methodology.

 

“Bank
Financial Statements” has the meaning set forth in Section 5.02(g).

 

“BHC
Act” means the Bank Holding Company Act of 1956, as amended.

 

“Business
Combination Agreement” has the meaning set forth in the preamble to this Agreement.

 

    2

     

    

 

“Business
Day” means Monday through Friday of each week, except a legal holiday recognized as such by the United States federal government
or any day on which banking institutions in the State of Wyoming are authorized or obligated to close.

 

“Calculation
Date” means the last day of the month prior to the Effective Time.

 

“Calculation
Statement” has the meaning set forth in Section 3.01.

 

“Certificate”
has the meaning set forth in Section 3.02.

 

“Clear
Board” means the Board of Directors of Clear.

 

“Code”
means the Internal Revenue Code of 1986, as amended.

 

“Disclosure
Schedule” has the meaning set forth in Section 5.01.

 

“Closing
Date” shall have the meaning set forth in Section 2.02.

 

“Earnest
Money” means the sum of $100,000 to be deposited by Clear with the Escrow Agent upon mutual execution of this Agreement.

 

“Election
Deadline” has the meaning set forth in Section 3.04 (b).

 

“Election
Form” has the meaning set forth in Section 3.04 (b).

 

“Effective
Date” means the date in which the Effective Time falls.

 

“Effective
Time” has the meaning set forth in Section 2.02.

 

“Equity
Capital” means the total equity capital of CB as of the Calculation Date, determined using Federal Reserve Report methodology
for the preparation of the applicable Federal Reserve form for registered small bank holding companies.

 

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

 

“ERISA
Affiliate” means any Person treated as a single employer with the Company under Section 414(b), (c), (m), or (o) of the Code.

 

“Exchange
Fund” has the meaning set forth in Section 3.04(b).

 

“Escrow
Account” means the account maintained by the Escrow Agent.

 

“Escrow
Agent” means a qualified entity mutually agreed upon by the parties.

 

“FDIA”
has the meaning set forth in Section 5.02(v).

 

“FDIC”
means the Federal Deposit Insurance Corporation.

 

    3

     

    

 

“Federal
Reserve Board” means the Board of Governors of the Federal Reserve System.

 

“GAAP”
means accounting principles generally accepted in the United States.

 

“Governmental
Authority” means any court, administrative agency or commission or other federal, state or local governmental authority or
instrumentality.

 

“Hazardous
Material” means, collectively, (i) any “hazardous substance” as defined by CERCLA, (ii) any “hazardous waste”
as defined by the Resource Conservation and Recovery Act, as amended through the date hereof, and (iii) any pollutant or contaminant
or hazardous, dangerous or toxic chemical, material or substance within the meaning of any other Federal, state or local law, regulation,
ordinance or requirement (including consent decrees and administrative orders) relating to or imposing liability or standards of conduct
concerning any hazardous, toxic or dangerous waste, substance or material, all as now in effect.

 

“Holdback
Funds” means the funds in the Escrow held back at Closing Date.

 

“Investor
Questionnaire” has the meaning set forth in Section 6.16.

 

“IRS”
has the meaning set forth in Section 5.02(n).

 

“Knowledge”
means, with respect to a party hereto, actual knowledge and the knowledge that each person would have reasonably obtained after making
due and appropriate inquiry with respect to the particular matter in question or of any officer of that party with the title of not less
than a vice president.

 

“Lien”
means any charge, mortgage, pledge, security interest, restriction, claim, lien, or encumbrance of any kind.

 

“Material
Adverse Effect” means any effect, circumstance, occurrence or change that (i) is material and adverse to the business, assets
or deposit liabilities, properties, operations, results of operations, condition (financial or otherwise) or prospects of CB or the Bank,
taken as a whole, or would materially impair the ability of CB or the Bank to perform its obligations under this Agreement or otherwise
materially threaten or materially impede the consummation of the Merger and the other transactions contemplated by this Agreement provided,
however, that Material Adverse Effect shall not be deemed to include the impact of any (a) change in law, rule or regulation or GAAP
or interpretations thereof that applies to CB or the Bank, (b) changes in economic conditions affecting commercial banks generally (including,
without limitation, any changes in interest rates), (c) acts of terrorism or war, (d) any modifications or changes to valuation policies
and practices in connection with the Merger or restructuring charges taken in connection with the Merger, in each case in accordance
with GAAP or RAP, as applicable, (e) changes resulting from fees and expenses (including, but not limited to legal, accounting and investment
bankers’ fees) incurred in connection with this Agreement or the transactions contemplated herein, including any fees or expenses
relating to litigation that may be filed to contest the transactions contemplated herein, (f) the payment of any amounts due, or the
provision of any benefits to, any officer or employee under employment contracts or employee benefit plans, severance agreements, consulting
agreements or other arrangements disclosed in the Disclosure Schedules; or (g) actions or omissions of CB or the Bank taken in contemplation
of the transactions contemplated hereby; as required or permitted hereunder; as required under any regulatory approval received in connection
with the Merger; or which have been waived by Clear.

 

    4

     

    

 

“Merger”
has the meaning set forth in Section 2.01(a).

 

“Merger
Consideration” means: the per share consideration to be paid to each CB shareholder in cash and/ or New Pubco common stock
in accordance with each shareholders election to receive a combination of stock and cash (“Option A” as defined), or cash
only (“Option B” as defined). For purposes of clarity and by way of example only, a sample calculation of the Merger Consideration
and Per Share Merger Price based on CB and Bank financials, adjusted as agreed upon, as of the Calculation Date is attached as Schedule
I to this Agreement.

 

“Merger
Sub” means the subsidiary corporation to be formed by Clear and with which CB will merger as set forth in Section 2.01

 

“New
Pubco” has the meaning set forth in the preamble to this Agreement.

 

“NOL
Tax Benefit” means $150,000, an arbitrary number agreed upon by the Parties

 

“Non-Election
Shares” has the meaning set forth in Section 3.04.

 

“OFAC”
has the meaning set forth in Section 5.02(x).

 

“Offering
Memorandum” has the meaning set forth in Section 6.16.

 

“Option
A” means consideration for each share of CB stock consisting of three times the per share AEBV of CB common stock, , plus a
pro rata share of net Premises valuation and NOL Tax Benefit, paid out 1/3 cash and 2/3 New Pubco common stock (valued at $10 per share).
In the event the receipt of New Pubco stock pursuant to this Agreement does not, in the reasonable determination of Clear, qualify as
part of a “reorganization” within the meaning of Code Section 368 (and does not otherwise qualify for tax deferral under
the Code), Clear will make an additional payment at Closing to those shareholders electing Option A who provide in a reasonable time
frame prior to the Closing any information reasonably requested or necessary to determine the amount of such payment, an amount equal
to the U.S. federal and state income taxes they incur with respect to the receipt of New Pubco stock pursuant to this Agreement, that
are in effect at the time of Closing per the U.S. Tax Code, which currently include up to a 20% Capital Gain rate and a 3.9% Medicare
Tax rate and the appropriate rate for any applicable state income taxes.

 

“Option
B” means an all cash payment for each share of CB common stock consisting of two times the per share AEBV of CB common stock,
plus the pro rata per share amount of net Premises valuation and NOL Tax Benefit.

 

    5

     

    

 

“Paying
Agent” means a qualified entity mutually agreed upon by the parties hereto.

 

“Pension
Plan” has the meaning set forth in Section 5.02(m)(ii).

 

“Per
Share Merger Price” means the quotient of (a) the Merger Consideration; divided by (b) the total number of Shares outstanding
immediately prior to the Effective Time.

 

“Person”
means any individual, bank, corporation (including not-for-profit), joint-stock company, general or limited partnership, limited liability
company, joint venture, estate, business trust, trust, association, organization, Governmental Authority or other entity of any kind
or nature.

 

“Premises”
means the existing building and land comprising the physical location of the Bank.

 

“Privacy
and Security Requirements” means, to the extent directly applicable to CB and the Bank, (a) any provisions Laws that regulate
the processing of Protected Data; (b) provisions of Contracts between CB or the Bank and any Person that directly apply to the processing
of Protected Data; and (c) all written policies relating to the processing of Protected Data.

 

“Protected
Data” means any personal information or data that CB or the Bank is required by Contract or Law to keep confidential.

 

“QFTA”
has the meaning set forth in the preamble to this Agreement.

 

“RAP”
means regulatory accounting.

 

“Regulatory
Accounting” means the accounting treatment, rules, and reporting processes required by CB and the Banks regulators.

 

“Regulatory
Authority” shall mean any federal or state Governmental Authority charged with the supervision or regulation of financial institutions
or issuers of securities or engaged in the insurance of deposits (including, without limitation, the Wyoming Division of Banking, the
Federal Reserve Board and the FDIC).

 

“Resale
Registration Statement” means the Resale Registration Statement referenced in Section 3.04(h).

 

“Rights”
means, with respect to any Person, securities or obligations convertible into or exercisable or exchangeable for, or giving any Person
any right to subscribe for or acquire, or any options, calls or commitments relating to, or any stock appreciation right or other instrument
the value of which is determined in whole or in part by reference to the market price or value of, shares of capital stock of such Person.

 

“Security
Breach” means any (a) material unauthorized use, disclosure, acquisition of, or access to, Protected Data; or (b) any breach
of information technology security safeguards that had a material impact on CB’s or the Bank’s operations.

 

    6

     

    

 

“Share”
and “Shares” has the meaning set forth in Section 3.02(a).

 

“Statement
of Merger” has the meaning set forth in Section 2.02.

 

“Subsidiary”
as to any Person, a corporation, limited liability company, partnership or other entity of which shares of stock or other ownership interests
having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of
a contingency) to elect a majority of the board of directors or other managers of such corporation, limited liability company, partnership
or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more
intermediaries, or both, by such Person.

 

“Tax”
or “Taxes” means any and all federal, state, local or foreign taxes, charges, fees, levies, duties, tariffs, imposts,
other assessments and other similar fees or similar charges, however denominated (together with any and all interest, penalties, additions
to tax and additional amounts imposed with respect thereto), the liability for which is imposed by any government or taxing authority,
by contractual agreement, as a result of being a member of any affiliated, consolidated, combined, unitary or similar group, as a successor
to or transferee of another person, or otherwise including, without limitation: taxes on or with respect to income, franchises, windfall
or other profits, gross receipts, license, property, sales, use, service, service use, capital stock, payroll, employment, social security,
disability, severance, workers’ compensation, employer health, unemployment compensation, or net worth; taxes or other charges
in the nature of excise, withholding, estimated, severance, occupation, customs, duties, fees, ad valorem, property, environmental, stamp,
transfer, value added, or gains taxes; license, registration, recording and documentation fees whether arising before, on or after the
Effective Time.

 

“Tax
Return” or “Tax Returns” means returns, declarations, reports, statements, elections, estimates, claims
for refund, information returns or other documents (including any related or supporting schedules, exhibits, statements or information,
any amendment to the foregoing, and any sales and use and resale certificates) filed or required to be filed in connection with the determination,
assessment, payment, deposit, collection or reporting of any Taxes of any party or the administration of any laws, regulations or administrative
requirements relating to any Taxes.

 

“Transaction
Costs” means any and all costs, fees and expenses incurred by CB in connection with this Agreement and the transactions contemplated
hereby, including but not limited to the fees and expenses of CB’s attorneys, accountants and investment advisors.

 

“WBCA
means the Wyoming Business Corporation Act, (WBCA 17-16-101 et seq)

 

    7

     

    

 

ARTICLE
II

THE MERGER

 

2.01 The
Merger.

 

(a) A
series of related mergers will occur pursuant to the terms of this Agreement and the transactions described in the Business Combination
Agreement. On the Closing Date, CB shall be merged with the Merger Sub pursuant to all applicable legal requirements, whereupon the separate
existence of the Merger Sub shall cease, and CB shall be the surviving corporation (the “Surviving Corporation”). Immediately
following on the Closing Date CB as the surviving corporation shall be merged with Clear, with Clear as “Surviving Corporation”
and as a wholly owned subsidiary of New Pubco.

 

(b) Continuity
of Operation. The parties will continue the operation of the Bank for not less than two (2) years following the Effective Time of
the merger.

 

2.02 Effective
Time. Subject to the satisfaction or waiver of the conditions set forth in Article VIII (other than those conditions that by their
nature are to be satisfied at the consummation of the Merger, but subject to the fulfillment or waiver of those conditions), on the tenth
(10th) Business Day of the month immediately following the month in which receipt of all necessary regulatory, corporate and other approvals
have been obtained and the expiration of any mandatory waiting periods and satisfaction of the material conditions to closing hereunder
have occurred and the parties have consummated the transactions in this Agreement (herein, the “Closing Date”), a Statement
of Merger (the “Statement of Merger”) shall be filed with the Secretaries of State of the States of Wyoming and Delaware
in accordance with applicable law together with such certificates, documents or other instruments as may be required by law, and the
Merger shall become effective upon such filing. The “Effective Time” of the Merger shall be the time of such filing or as
set forth in such filing if other than the time of filing.

 

2.03 Escrow
Deposit. Upon execution of this Agreement, Clear shall deposit into escrow with the Escrow Agent $100,000 prorated among CB shareholders
to be held as a good faith deposit, and, if not previously released, to serve as Holdback funds on Closing Date in accordance with ARTICLE
VII. Clear shall cause said $100,000 good faith deposit to be released to CB in the event that the proposed transaction fails to close
within two (2) years from the date of this Agreement (provided regulatory applications are no longer pending); provided, however, no
such payment will be required if Clear and New PubCo fail to enter into the transactions described in the RECITALS; no such payment will
be required if any regulatory approval required pursuant to Article VIII of this Agreement has been denied; CB or the Bank have breached
the terms of this Agreement; there has been a “material adverse change” in the condition of CB or the Bank; or if CB has
failed to obtain the required approval of CB shareholders approving this Agreement and the Merger.

 

ARTICLE
III

CONSIDERATION; EXCHANGE PROCEDURES

 

3.01 Calculation
of Merger Consideration. The calculation of adjusted book value for these purposes requires the Bank
to make available to Clear at least fifteen (15) days prior to the Closing Date all reasonably requested information regarding the status
of each loan contained in the loan portfolio of the Bank. Based on Clear’s review, any adjustment to the Bank’s allowance
for loan or lease losses, which are allowable under all applicable regulatory and GAAP, will be made by Bank prior to Closing Date. At
least five (5) days prior to the Closing Date, CB shall calculate its Adjusted Estimated Book Value, taking into consideration the above
referenced adjustment to the allowance for loan and lease losses, the Merger Consideration and the Per Share Merger Price and shall provide
Clear with a copy of such calculations together with such supporting documentation as may be reasonably requested by Clear (the “Calculation
Statement”). The Calculation Statement and calculations hereon shall fairly present the financial position of CB and the Bank in
accordance with GAAP and RAP, as applicable, and each of the Equity Capital, the Merger Consideration and the Per Share Merger Price
calculated in accordance with the terms of this Agreement. No fractional shares of New Pubco Common Stock shall be issued, any such fractions
to be paid in cash based upon a $10 per share value of New Pubco Common Stock.

 

    8

     

    

 

3.02 Effect
on Capital Stock. At the Effective Time, as a result of the Merger and without any action on the part
of any holder of shares of CB Common Stock:

 

(a) Outstanding
CB Common Stock. Each share of CB Common Stock issued and outstanding immediately prior to the Effective Time (each, a “Share”
and, collectively, “Shares”), shall become and be converted into the right to receive the Per Share Merger Price per each
shareholders election under Option A or Option B. At the Effective Time, all Shares shall no longer be outstanding and shall automatically
be cancelled and retired and shall cease to exist, and each holder of a certificate that immediately prior to the Effective Time represented
any Shares (a “Certificate”) shall cease to have any rights with respect thereto, except the right to receive the Merger
Consideration.

 

3.03 Rights
as Shareholders; Stock Transfers. At the Effective Time, holders of CB Common Stock shall cease to be,
and shall have no rights as, shareholders of CB other than to receive the Merger Consideration.

 

3.04 Election
Procedures; Exchange Procedures.

 

		(a)	Election
                                            Procedures.

 

		a.	Holders
                                            of record of CB Common Stock have the right to submit an Election Form (defined below) specifying
                                            the number of shares of CB Common Stock, if any, as to which such holder desires to select
                                            Option A and the number of shares of CB Common Stock, if any, as to which such holder desires
                                            to select Option B.

 

		b.	An
                                            election form (“Election Form”), together with a Letter of Transmittal and Offering
                                            Memorandum shall be mailed no less than twenty (20) Business Days prior to the election deadline
                                            specified in the Election Form (the “Election Deadline”) or on such earlier date
                                            the parties shall mutually agree (the “Mailing Date”) to each holder of record
                                            of CB Common Stock as of five (5) Business Days prior to the Mailing Date. Holders of record
                                            of shares of CB Common Stock who hold such shares as nominees, trustees or in other representative
                                            capacities may submit multiple Election Forms, provided that each such Election Form covers
                                            all the shares of CB Common Stock held by each representative for a particular beneficial
                                            owner. Any shares owned by a holder who has not, as of the Election Deadline, made an election
                                            by submission to the Paying Agent of an effective, properly completed Election Form shall
                                            be deemed “Non-Election Shares” and shall be deemed to have selected Option B
                                            (all cash).

 

    9

     

    

 

		c.	An
                                            election shall have been properly made only if the Paying Agent shall have actually received
                                            a properly completed Election Form by the Election Deadline. Any Election Form may be revoked
                                            or changed by the Person submitting such Election Form to the Paying Agent by written notice
                                            to the Paying Agent only if such notice of revocation or change is actually received by the
                                            Paying Agent at or prior to the Election Deadline. Shares of CB Common Stock held by holders
                                            who acquired such shares subsequent to the Election Deadline will be designated Non-Election
                                            Shares. In addition, if a Holder of CB Common Stock either (1) does not submit a properly
                                            completed Election Form in a timely fashion or (2) revokes its Election Form prior to the
                                            Election Deadline and fails to file a new properly completed Election Form before the deadline,
                                            such shares shall be designated Non-Election Shares. Subject to the terms of this Agreement
                                            and of the Election Form, the Paying Agent shall have discretion to determine whether any
                                            election, revocation or change has been properly or timely made and to disregard immaterial
                                            defects in the Election Forms, and any good faith decisions of the Paying Agent regarding
                                            such matters shall be binding and conclusive. Neither CB, Clear, New Pubco nor the Paying
                                            Agent shall be under any obligation to notify any Person of any defect in an Election Form.

 

(b) Paying
Agent. At or prior to the Effective Time, New Pubco shall deposit, or shall cause to be deposited, with the Paying Agent, for the
benefit of the holders of Shares the aggregate amount of Merger Consideration payable in respect of Shares pursuant to Section 3.01 upon
surrender of Certificates (the “Exchange Fund”).

 

(c) Exchange
of Certificates. As soon as practicable after the Effective Time, but in no event later than one Business Day thereafter, Clear shall
cause the Paying Agent to mail to each former holder of record of Shares of CB (i) a letter of transmittal specifying that delivery shall
be effected, and risk of loss and title to the Certificates shall pass, only upon delivery of the Certificates (or affidavits of loss
in lieu thereof and, if required, indemnities in accordance with Section 3.04(f) to the Paying Agent, such letter of transmittal to be
in such form and have such other provisions as Clear and CB may reasonably agree, and (ii) instructions for use in effecting the surrender
of the Certificates in exchange for the Merger Consideration. Upon surrender of a Certificate for cancellation to the Paying Agent (or
an affidavit of loss in lieu thereof and, if required, an indemnity in accordance with Section 3.04(f)) together with such letter of
transmittal, duly executed, the holder of such Certificate shall be entitled to receive in exchange therefor the Merger Consideration
(after giving effect to any required Tax deductions and withholdings in accordance with Section 3.04(g)), and the Certificates so surrendered
shall forthwith be cancelled. Clear shall direct the Paying Agent to promptly deliver the Merger Consideration to each former holder
of record of Shares who properly complies with the transmittal instructions described herein, and in no case shall such payment be made
later than two (2) Business Days after receipt by the Paying Agent of such instructions. No interest will be paid or accrued on any amount
payable upon due surrender of the Certificates. In the event of a transfer of ownership of Shares that is not registered in the transfer
records of CB, the proper amount of the Merger Consideration may be paid in exchange therefor to a Person other than the Person in whose
name the Certificate so delivered is registered if the Certificate formerly representing such Shares is presented to the Paying Agent,
accompanied by all documents required to evidence and effect such transfer and to evidence that any applicable Taxes have been paid.

 

    10

     

    

 

(d) No
Liability. Notwithstanding the foregoing of CB, neither the Paying Agent nor any party hereto shall be liable to any former holder
of Shares for any amount properly delivered to a Governmental Authority pursuant to applicable abandoned property, escheat or similar
laws.

 

(e) Unclaimed
Funds. Any portion of the Exchange Fund that remains unclaimed by former holders of Shares of CB for one hundred eighty (180) days
after the Effective Time shall be transferred from Paying Agent to New Pubco. Any former holders of Shares of CB who have not theretofore
complied with this Article III shall thereafter look only to Clear for payment of the Merger Consideration deliverable in respect of
their Shares upon due surrender of their Certificates (or affidavits of loss in lieu thereof) pursuant to this Article III, in each case,
without any interest thereon.

 

(f) Lost,
Stolen or Destroyed Certificates. In the event any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit
of that fact by the Person claiming such Certificate to be lost, stolen or destroyed and, if required by Clear or the Paying Agent, the
posting by such Person of a bond in customary amount as indemnity against any claim that may be made against it with respect to such
Certificate, the Paying Agent will pay in exchange for such lost, stolen or destroyed Certificate the Merger Consideration deliverable
in respect of such Shares represented by such Certificate.

 

		(g)	Withholding
                                            Rights. The Paying Agent or Clear shall be entitled to deduct and withhold from the consideration
                                            otherwise payable pursuant to this Agreement to any holder of Shares such amounts as Clear
                                            or the Paying Agent is required to deduct and withhold with respect to the making of such
                                            payment under the Code, or any provision of state, local or foreign tax law. To the extent
                                            that amounts are so deducted and withheld by the Paying Agent or Clear, such amounts shall
                                            be treated for all purposes of this Agreement as having been paid to the holder of Shares
                                            in respect of which such deduction and withholding was made by the Paying Agent or Clear.

 

		(h)	Resale
                                            Registration Statement. As soon as practicable (and in any event within 30 Calendar days
                                            following the Closing date) New Pubco shall file a registration statement with the SEC providing
                                            for the resale by CB shareholders of shares received as part of the Merger Consideration
                                            (the “Resale Registration Statement”). New Pubco shall use commercially reasonable
                                            efforts to cause such Resale Registration Statement to become effective within 60 Calendar
                                            days from Closing Date.

 

    11

     

    

 

ARTICLE
IV

ACTIONS PENDING ACQUISITION

 

4.01 Forbearances
of CB and Bank. From the date hereof until the Effective Time, except as expressly contemplated by this Agreement and/or disclosed
on CB and the Bank’s Disclosure Schedule, without the prior written consent of Clear, which consent shall not be unreasonably withheld,
CB and Bank will not:

 

(a) Ordinary
Course. (i) Conduct the business of CB and Bank other than in the ordinary and usual course or fail to use reasonable efforts to
preserve intact their business organizations and assets and maintain its rights, franchises and existing relations with customers, suppliers,
employees and business associates, or voluntarily take any action which, at the time taken, has or is reasonably likely to have an adverse
effect upon CB and Bank’s ability to perform any of its material obligations under this Agreement, or (ii) enter into any new material
line of business or change its lending, investment, underwriting, risk, asset liability management or other banking and operating policies,
except as required by applicable law, regulation or policies imposed by any Governmental Authority.

 

(b) Capital
Stock. Other than pursuant to Rights, if any, as set forth on the Disclosure Schedule and outstanding on the date hereof, (i) issue,
sell or otherwise permit to become outstanding, or authorize the creation of, any additional shares of CB or Bank Stock or any Rights,
(ii) enter into any agreement with respect to the foregoing, or (iii) permit any additional shares of CB or Bank Stock to become subject
to new grants of employee or director stock options, other Rights or similar stock-based employee rights.

 

(c) Dividends,
Etc. (i) Make, declare, pay or set aside for payment any dividend, other than quarterly cash dividends on CB or Bank Common Stock
in amounts consistent with past practice , or (ii) directly or indirectly adjust, split, combine, redeem, reclassify, purchase or otherwise
acquire, any shares of its capital stock.

 

(d) Compensation;
Employment Agreements, Etc. Enter into, amend, or renew any employment, consulting, severance or similar agreements or arrangements
with any director, officer or employee of CB or Bank, or grant any salary or wage increase or increase any employee benefit (including
incentive or bonus payments), other than officer salary increases that the board of directors deem to be in the best interests of the
Bank, except (i) for normal individual increases in compensation to non-officer employees in the ordinary course of business consistent
with past practice which in no case shall exceed a reasonable cost of living increase, (ii) for other changes that are required by applicable
law, and (iii) to satisfy contractual obligations existing as of the date hereof set forth in the Section 5.02(k) or (m) of CB Bank's
Disclosure Schedule.

 

(e) Benefit
Plans. (i) Enter into, establish, adopt, terminate, or amend any (a) collective bargaining or agreement with a union, works council
or labor organization covering any employee or (b) Compensation Plan (except (i) as may be required by applicable law, (ii) to satisfy
contractual obligations existing as of the date hereof which are disclosed in the Section 5.02(k) or (m) of CB and Bank’s Disclosure
Schedule, or (iii) within the regular annual renewal of insurance contracts, or (ii) take any action or make any promise to accelerate
the payment, vesting or exercisability of stock options, restricted stock, severance, or other compensation or benefits for any employee,
director, officer, or other individual service provider of CB or Bank.

 

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(f) Dispositions.
Sell, transfer, mortgage, encumber or otherwise dispose of or discontinue any of its assets, deposits, business or properties except
in the ordinary course of business.

 

(g) Acquisitions.
Acquire (other than by way of foreclosures or acquisitions of control in a bona fide fiduciary capacity or in satisfaction of debts previously
contracted in good faith, in each case in the ordinary and usual course of business consistent with past practice) all or any portion
of, the assets, business, deposits or properties of any other Person (other than purchases of loans and loan participations made in the
ordinary and usual course of business consistent with past practice).

 

(h) Governing
Documents. Amend the CB or Bank Articles, CB or Bank Bylaws (or similar governing documents).

 

(i) Accounting
Methods; Maintenance of Books and Records. Implement or adopt any change in the CB or Bank’s book or tax accounting principles,
practices or methods, other than as may be required by GAAP or RAP, and as concurred in by CB or the Bank’s independent public
accountants; or fail to maintain and prepare CB and the Bank’s books and records other than in accordance with GAAP or RAP, as
applicable, consistent with past practice.

 

(j) Contracts.
Except in the ordinary course of business consistent with past practice, enter into or terminate any material Contract or amend or modify
in any material respect any of its existing material Contracts.

 

(k) Claims.
Settle any claim, action or proceeding that requires the payment by CB or the Bank of an amount in excess of $ 10,000 for an individual
claim, and $ 50,000 for claims in the aggregate.

 

(l) Adverse
Actions. Take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set
forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the
conditions to the Merger set forth in Article VIII not being satisfied, or (iii) a material violation of any provision of this Agreement
except, in each case, as may be required by applicable law or regulation.

 

(m) Risk
Management. Except pursuant to applicable law or regulation or by order of any relevant Regulatory Authority, (i) implement or adopt
any material change in its interest rate risk management and other risk management policies, procedures or practices; (ii) fail to follow
its existing policies or practices with respect to managing its exposure to interest rate and other risk; or (iii) fail to use commercially
reasonable means to avoid any material increase in its aggregate exposure to interest rate risk and other risk.

 

(n) Indebtedness.
Incur any indebtedness for borrowed money other than in the ordinary course of business consistent with past practice.

 

(o) Capital
Expenditures. Other than expenditures for updates to the Bank’s core operating systems, make any capital expenditure or commitments
with respect thereto in an amount in excess of $ 10,000 for any item or project, or $ 30,000 in the aggregate for any related items or
projects, except as have been previously committed to prior to the date hereof. This limitation excludes any update for Bank's core operating
system.

 

(p) Taxes.
Commence or settle any litigation or proceeding with respect to any liability for Taxes, make or change any material express or deemed
Tax election, file any amended Tax Return, take any action which is reasonably likely to have a material adverse effect on any Tax position
of CB or the Bank or, after the Merger, which is reasonably likely to have a material adverse effect on any Tax position of Clear, QFTA
or New Pubco, change any of its methods of reporting income or deductions for Tax purposes or take any other action with respect to Taxes
that is outside the ordinary and usual course of business or inconsistent with past practices.

 

(q) Conflict
of Interest Transactions. Engage or agree to engage in any “covered transaction” within the meaning of Sections 23A or
23B of the Federal Reserve Act (without regard to the applicability of any exemptions contained in Section 23A) unless the Bank has complied
with Sections 23A and 23B of the Federal Reserve Act.

 

(r) Loan
Loss Allowances. Fail to maintain an allowance for possible loan and lease losses which is adequate in all material respects under
the requirements of GAAP and RAP, as applicable, to provide for possible losses, net of recoveries relating to loans previously charged
off, on loans outstanding (including accrued interest receivable), or fail to charge off any loans or leases that would be deemed uncollectible
in accordance with the policies of the Bank.

 

(s) Commitments.
Agree or commit to do any of the foregoing.

 

4.02 Forbearances
of Clear. From the date hereof until the Effective Time, except as expressly contemplated by this Agreement, without the prior written
consent of CB (which consent will not be unreasonably withheld), Clear will not take or omit to take, or agree or commit to take or omit
to take, any action that would result in (i) any of Clear’s representations and warranties set forth in this Agreement being or
becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth
in Article VIII not being satisfied or (iii) a material violation of any provision of this Agreement, except as may be required by applicable
law or regulation.

 

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ARTICLE
V

REPRESENTATIONS AND WARRANTIES

 

5.01 Disclosure
Schedules. On or prior to the date hereof, (or at such later date as agreed to by the parties hereto) CB will have delivered to Clear
a schedule (the “Disclosure Schedule”) setting forth, among other things, items, the disclosure of which are necessary or
appropriate either in response to an express disclosure requirement contained in a provision hereof or as an exception to one or more
representations or warranties contained in Section 5.02. An exception or matter disclosed with respect to one representation or warranty
shall also be deemed disclosed with respect to each other representation or warranty to the extent such disclosure of such item would
be reasonably understood to be applicable to such other schedule or representation. The inclusion of any item in the Disclosure Statement
shall not be deemed an admission that such item is a material fact, event or circumstance or that such item has had or would be reasonably
likely to have a Material Adverse Effect.

 

5.02 Representations
and Warranties of CB and Bank. Subject to Section 5.01, CB and Bank hereby represent and warrant to Clear:

 

(a) Organization,
Standing and Authority. CB is a Wyoming corporation duly organized, validly existing and in good standing under the laws of the State
of Wyoming. Bank is a Wyoming state banking corporation duly organized, validly existing and in good standing under the laws of the State
of Wyoming.

 

(b) 
Capital Structures; Organizational Documents and Records.

 

(i) The
authorized capital stock of the Bank consists of 10,000,000 shares of Common Stock with no par value of which 100% of the outstanding
shares are owned by CB as of the date of this Agreement. The authorized capital stock of CB consists of an unlimited number of shares
of CB common stock, no par value, of which 449,043 shares are outstanding as of the date of this Agreement. The outstanding shares of
CB and Bank Common Stock have been duly authorized, are validly issued and outstanding, fully paid and nonassessable, and are not subject
to any preemptive rights (and were not issued in violation of any preemptive rights). Except as set forth on Section 5.02(b) of the Disclosure
Schedules, as of the date hereof, (A) there were no shares of CB or Bank Common Stock authorized and reserved for issuance, (B) Neither
CB nor Bank have any Rights issued or outstanding with respect to Common Stock, and (C) Neither CB nor Bank have any commitment to authorize,
issue or sell any Common Stock or Rights. All shares of Common Stock were issued in compliance with all applicable laws, including federal
and state securities laws.

 

(ii) The
Bank and CB have furnished to Clear copies of their articles of incorporation and by-laws , in each case as amended to the date hereof,
together with such other documents, including the charter of the bank, as reasonably requested by Clear relating to the authority of
each to conduct its business. All such copies are complete and correct. The stock registers and minute books of CB and the Bank are each
complete and correct in all material respects.

 

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(c) Subsidiaries.
Bank does not have any Subsidiaries or own beneficially, directly or indirectly, any equity securities or similar interests of any Person,
or any interest in a partnership or joint venture of any kind.

 

(d) Corporate
Power. CB and the Bank have full corporate power and authority to carry on business as it is now being conducted and to own all properties
and assets. CB and Bank have the corporate power and authority to execute, deliver and perform its obligations under this Agreement.

 

(e) Corporate
Authority. Subject to receipt of the requisite adoption of this Agreement by the holders of the outstanding shares of CB and Bank
Common Stock entitled to vote thereon, this Agreement and the transactions contemplated hereby have been authorized by all necessary
corporate action of CB and Bank prior to the date hereof. This Agreement is a valid and legally binding obligation of CB and Bank, enforceable
in accordance with its terms (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by general equity principles).

 

(f) Regulatory
Filings; No Defaults.

 

(i) No
consents or approvals of, or filings or registrations with, any Governmental Authority or with any third party are required to be made
or obtained by CB and Bank or any of its Subsidiaries in connection with the execution, delivery or performance by CB and Bank of this
Agreement or to consummate the Merger except for (A) filings of applications or notices with, or seeking approvals and waivers from,
as applicable, federal and state banking authorities, including the Federal Reserve Board and the Wyoming Division of Banking, (B) filings
with state and federal securities authorities, (C) the filing of the Statement of Merger with the Wyoming Secretary of State pursuant
to the WBCA, (D) the approval of the Merger by the holders of two-thirds (2/3) of the outstanding shares of CB Common Stock entitled
to vote thereon, and (E) the third party consents set forth on the Disclosure Schedule under Section 5.02. As of the date hereof, CB
and Bank are not aware of any reason why the approvals set forth in Section 8.01(b) will not be received without the imposition of a
condition, restriction or requirement of the type described in Section 8.01(b).

 

(ii) Subject
to receipt of the regulatory and shareholder approvals and third party consents referred to above and the expiration of certain regulatory
waiting periods, and required filings under federal and state securities laws, to our Knowledge the execution, delivery and performance
of this Agreement and the consummation of the transactions contemplated hereby do not and will not (A) constitute or result in a breach
or violation of, or a default under, the acceleration of any obligations or the creation of a Lien on the assets of CB or the Bank (with
or without notice, lapse of time, or both) pursuant to, any agreement, lease, license, contract, insurance policy, note, mortgage, indenture,
instrument, arrangement or other obligation (each, a “Contract” and, collectively, “Contracts”) binding upon
CB or the Bank or to which they or any of their properties are subject or bound or any law or governmental or non-governmental permit
or license to which CB or the Bank is subject, (B) constitute a breach or violation of, or a default under, CB or Bank Articles or Bylaws,
or (C) require any consent or approval under any such law, rule, regulation, judgment, decree, order, governmental permit or license,
agreement, indenture or instrument.

 

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(g) Financial
Reports; Undisclosed Liabilities.

 

(i) CB
and Bank Call Reports and other periodic filings with the Federal Reserve of financial information (the “Financial Statements”),
fairly present in all material respects the financial position of CB and the Bank as of filing dates. The books and records of CB and
the Bank have been, and are being, maintained in accordance with GAAP and RAP, as applicable.

 

(ii) CB
and the Bank has or will timely file all reports, registrations and statements, together with any amendments required to be made with
respect thereto, that they are required to file with (A) the Federal Reserve Board and the Wyoming Division of Banking, as the case may
be, and (B) any other Regulatory Authority (collectively, the “Regulatory Filings”), and all other material reports, registrations
and statements required to be filed by it since December 31, 2021, including, without limitation, any report, registration or statement
required to be filed pursuant to the laws of the United States or the State of Wyoming and the rules and regulations of the Federal Reserve
Board, the Wyoming Division of Banking or any other Regulatory Authority, and has paid all fees and assessments due and payable in connection
therewith. As of their respective dates, such reports, registrations and statements complied in all material respects with all the laws,
rules and regulations of the applicable Regulatory Authority with which they were filed.

 

(iii) To
their knowledge, except as set forth in Section 5.02 of the Disclosure Schedule, since December 31, 2020, CB and the Bank have not incurred
any obligations or liabilities of any kind or nature (whether or not accrued, contingent or otherwise and whether or not required to
be disclosed, including those related to environmental and occupational safety and health matters) other than in the ordinary and usual
course of business consistent with past practice.

 

(iv) Since
December 31, 2020, (A) CB and the Bank have conducted business only in, and have not engaged in any material transaction other than according
to, the ordinary and usual course of such business consistent with past practice and (B) no event has occurred or circumstance arisen
that, individually or taken together with all other facts, circumstances and events (described in any paragraph of this Section 5.02
or otherwise) has had or could be reasonably likely to have a Material Adverse Effect or prevent, materially delay or materially impair
the ability of CB and the Bank to consummate the transactions contemplated by this Agreement.

 

(v) Since
December 31, 2020, there has not been (A) any material damage, destruction or other casualty loss with respect to any material asset
or property owned, leased or otherwise used by CB or the Bank, whether or not covered by insurance, (B) any declaration, setting aside
or payment of any dividend or other distribution in cash, stock or property in respect of the capital stock of CB or the Bank, or (C)
any change by CB or the Bank in accounting principles, practices, procedures or methods.

 

    16

     

    

 

(h) Litigation.
Except as disclosed in Section 5.02(h) of CB and the Bank’s Disclosure Schedules, there is no suit, action, investigation, audit
or proceeding (whether judicial, arbitral, administrative or other) pending or, to CB and the Bank’s knowledge, threatened against
or affecting CB or the Bank, nor is there any judgment, decree, injunction, rule or order of any Governmental Authority or arbitration
outstanding against CB or the Bank. Neither CB nor the Bank have pending or threatened any legal proceeding against any third parties,
other than collection, foreclosure or other similar actions in the ordinary course of business.

 

(i) Regulatory
Matters.

 

(i) Neither
CB nor the Bank or any of its properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or
similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from, any Regulatory Authority
charged with the supervision or regulation of financial institutions and their subsidiaries (including their holding companies) or issuers
of securities.

 

(ii) Neither
CB nor the Bank has been advised by any Regulatory Authority that such Regulatory Authority is contemplating issuing or requesting (or
is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment
letter, supervisory letter or similar submission nor to its knowledge has any Regulatory Authority commenced an investigation in connection
therewith.

 

(j) Compliance
with Laws. Except as set forth in Section 5.02(j) of the Disclosure Schedule, each of CB and the Bank:

 

(i) is
in compliance in all material respects with all applicable federal, state, local and foreign statutes, laws, regulations, ordinances,
rules, judgments, orders or decrees applicable thereto or to the employees conducting such businesses, including, without limitation,
the Equal Credit Opportunity Act, the Fair Housing Act, the Community Reinvestment Act (which includes a CRA Rating of “satisfactory”
or better), the Home Mortgage Disclosure Act and all other applicable fair lending laws and other laws relating to discriminatory business
practices;

 

(ii) has
all permits, licenses, authorizations, orders and approvals of, and has made all filings, applications and registrations with, all Governmental
Authorities that are required in order to permit them to own or lease their properties and to conduct their businesses as presently conducted;
all such permits, licenses, certificates of authority, orders and approvals are in full force and effect and, to CB and the Bank’s
knowledge, no suspension or cancellation of any of them is threatened; and

 

(iii) has
not received, since December 31, 2020, any notification or communication from any Governmental Authority or in a written communication
from any other third party (A) asserting that CB or the Bank is not in compliance with any statute, regulation, or ordinance or other
law or (B) threatening to revoke any license, franchise, permit, or governmental authorization (nor, to CB and the Bank’s knowledge,
do any grounds for any of the foregoing exist).

 

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(k) Material
Contracts; Defaults.

 

(i) Except
as set forth in Section 5.02(k)(i) of the Disclosure Schedule (each a “Material Contract”), CB and the Bank are not a party
to, bound by or subject to any Contract (whether written or oral) (i) that would be a “material contract” within the meaning
of Item 601(b)(10) of the SEC’s Regulation S-K; (ii) that purports to limit in any material respect either the type of business
in which CB or the Bank (or, after giving effect to the Merger, New Pubco) may engage or the manner or locations in which any of them
may so engage in any business; (iii) that constitute consulting arrangements and contracts for professional, advisory, and other services,
including contracts under which the Bank performs services for others; (iv) that is a lease of real property; (v) that is a lease for
equipment and computer hardware; (vi) that is a data processing agreement; (vii) that is a contract that involves performance of services
or delivery of goods or materials by Bank that was not entered into in the ordinary course of business; or (viii) is a contract not referred
to elsewhere in this section that materially affects the business or financial condition of the Bank, provided however, other than core
system update contracts, the types of Material Contracts set forth in subsections (iii) through (viii) of this sentence are limited to
and include only such contracts that could be reasonably expected to involve payments to or by the Bank of more than $25,000 in any twelve-month
period. True and correct copies of the Material Contracts have been delivered to the Clear. Each of the Material Contracts is a legal,
valid and binding obligation of, and enforceable against CB or the Bank, and to the knowledge of CB and the Bank, the other party thereto;
and is in full force and effect on the date hereof. Neither CB nor the Bank is in default under any Material Contract, and there has
not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default. No power of attorney
or similar authorization given directly or indirectly by CB or the Bank is currently outstanding.

 

(ii) Section
5.02(k)(ii) of the Disclosure Schedule sets forth a true and complete list of (x) all Contracts pursuant to which consents or waivers
are or may be required and (y) all notices which are or may be required to be given, in each case, prior to the performance by CB and
the Bank of this Agreement and the consummation of the Merger and the other transactions contemplated hereby.

 

(l) No
Brokers. No action has been taken by CB or the Bank that would give rise to any valid claim against any party hereto for a brokerage
commission, finder’s fee or other like payment with respect to the transactions contemplated by this Agreement.

 

(m) Employee
Benefit Plans and Labor Matters.

 

(i) Section
5.02(m) of the Bank’s Disclosure Schedule contains a list of all “employee benefit plans” (within the meaning of Section
3(3) of ERISA), stock purchase and other equity-based plans, deferred compensation arrangements, and other employment, compensation,
individual independent contractor or consultant, termination, bonus, commission, severance, change in control, transaction or retention
bonus, or other similar plans, programs, policies, contracts, or arrangements (whether written or unwritten) maintained or contributed
to, or required to be contributed to by CB or Bank for the benefit of any current or former employee, director, officer or individual
independent contractor or consultant thereof or under which CB or Bank may have any Liability (“Compensation Plans”). All
Compensation Plans have been operated in substantial compliance with the terms of such Compensation Plan, ERISA and other applicable
Law.

 

    18

     

    

 

(ii) Neither
CB, Bank, nor any of their ERISA Affiliates has ever sponsored, maintained, administered, or contributed to, or has had or could have
any Liability with respect to, (a) any plan subject to Title IV of ERISA, Section 302 of ERISA or Section 412 of the Code, (b) any “multiemployer
plan” (as defined in Section 3(37) of ERISA), (c) any “multiple employer plan” (as defined in Section 413(c) of the
Code), or (d) any “multiple employer welfare arrangement” (as defined in Section 3(40) of ERISA). Except as may be required
by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar state Laws (and for which the beneficiary pays
the full cost of coverage), no Compensation Plan provides medical, health or other welfare benefits or coverage for any current or former
employees following retirement or other termination of service.

 

(iii) CB
and Bank are not party to or bound by any collective bargaining agreement or other Contract with a union, works council or labor organization
with respect to any employees. As of the date hereof, there are no pending or, to the Knowledge of CB and Bank, threatened, arbitrations,
grievances, organizing campaigns, strikes, or other labor disputes or disruptions against or affecting the Company and no such event
has occurred within the last three years. CB and Bank are in compliance, in all material respects, with all applicable Laws governing
employment and labor.

 

(iv) There
are no claims, proceedings, audits, investigations, or other similar matters pending or, to the Knowledge of CB and Bank, threatened,
against, relating to, involving or otherwise affecting CB, Bank or any current or former employee, officer, director, applicant for employment,
temporary or leased employee, or independent contractor or consultant thereof with respect to the Compensation Plans (other than routine
claims for benefits) or any employment, labor, or employee benefit matters. No claims or allegations have been made against CB, Bank
or any current or former individual service provider thereof for discrimination, sexual or other harassment, sexual misconduct or retaliation
within the last three years, nor, to Knowledge of CB and Bank, are any such claims threatened or pending nor is there any reasonable
basis for such a claim

 

(n) Tax
Matters. (i) All Tax Returns that are required to be filed by or with respect to CB and the Bank have been duly filed, (ii) all Taxes
shown to be due on the Tax Returns referred to in clause (i) have been paid in full, (iii) except as set forth in Section 5.02(n) of
CB and the Bank’s Disclosure Schedule, the Tax Returns referred to in clause (i) have been examined by the IRS or the appropriate
state, local or foreign taxing authority or the period for assessment of the Taxes in respect of which such Tax Returns were required
to be filed has expired, (iv) all deficiencies asserted or assessments made as a result of such examinations have been paid in full,
(v) no issues that have been raised by the relevant taxing authority in connection with the examination of any of the Tax Returns referred
to in clause (i) are currently pending, (vi) there are no pending or, to CB and the Bank’s knowledge, threatened suits, proceedings,
actions or claims and, to CB and the Bank’s knowledge, no pending or threatened audits, in each case, for or relating to any tax
liability with respect to CB or the Bank, and (vii) no waivers of statutes of limitation have been given by or requested with respect
to any Taxes of CB or the Bank. CB and the Bank have made or will make available to Clear true and correct copies of the United States
federal income Tax Returns filed by it or its Affiliates for each of the three most recent fiscal years ended on or before December 31,
2021. Neither CB nor the Bank has any liability with respect to income, franchise or similar Taxes that accrued on or before the end
of the period ended December 31, 2021 in excess of the amounts accrued with respect thereto that are reflected in the Financial Statements.

 

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(o) Risk
Management Instruments; Investments.

 

(i) All
material interest rate swaps, caps, floors, option agreements, futures and forward contracts and other similar risk management arrangements,
whether entered into for Bank’s own account, or for the account of one or more of Bank or its customers (all of which are listed
on Bank’s Disclosure Schedule), were entered into (i) in accordance with prudent business practices and all applicable laws, rules,
regulations and regulatory policies and (ii) with counterparties believed to be financially responsible at the time; and each of them
constitutes the valid and legally binding obligation of Bank, enforceable in accordance with its terms (except as enforceability may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar laws of general applicability
relating to or affecting creditors’ rights or by general equity principles), and is in full force and effect. Neither Bank, nor
to Bank’s knowledge any other party thereto, is in breach of any of its obligations under any such agreement or arrangement.

 

(ii) Set
forth on Section 5.02(o) of the Disclosure Schedule is a complete and correct list of all investment and debt securities, mortgage- backed
and related securities, marketable equity securities and securities purchased under agreements to resell that are owned by the Bank,
other than in a fiduciary or agency capacity (the “Bank Investment Securities”). Bank has good and marketable title to all
Bank Investment Securities held by it, free and clear of all encumbrances, and except to the extent such Bank Investment Securities are
pledged in the ordinary course of business consistent with prudent banking practices to secure obligations of the Bank. The Bank Investment
Securities are valued on the books of the Bank in accordance with GAAP, as may be modified by RAP. Except as set forth on Section 5.02(o)
of the Disclosure Schedule, and as may be imposed by applicable securities laws and documents governing the terms of such securities,
none of the Bank Investment Securities is subject to any restriction, whether contractual or statutory, that materially impairs the ability
of the Bank to freely dispose of such investment at any time. With respect to all material repurchase agreements to which the Bank is
a party, the Bank has a valid, perfected first lien or security interest in the securities or other collateral securing each such repurchase
agreement equals or exceeds the amount of debt secured by such collateral under such agreement.

 

    20

     

    

 

(p) Books
and Records. The books and records of CB and the Bank have been fully, properly and accurately maintained in all material respects,
have been maintained in accordance with sound business practices in the banking industry, and there are no material inaccuracies or discrepancies
of any kind contained or reflected therein and they fairly reflect the substance of events and transactions included therein.

 

(q) Insurance.
The Disclosure Schedule sets forth all of the insurance policies, binders, or bonds maintained by CB and the Bank. CB and the Bank are
insured with reputable insurers against such risks and in such amounts as the management of CB and the Bank reasonably have determined
to be prudent in accordance with industry practices. All such insurance policies are in full force and effect; Neither CB nor Bank is
in material default thereunder; and all claims thereunder have been filed in due and timely fashion.

 

(r) Transactions
With Affiliates. Except as set forth in Section 5.02(r) of the Disclosure Schedule, neither CB nor the Bank has any transactions
with Affiliates within the meaning of Sections 23A and 23B of the Federal Reserve Act, as implemented by Regulation W of the Federal
Reserve Board.

 

(s) Properties.
Section 5.02(s) of the Disclosure Schedule sets forth all real property owned or leased by the Bank or in which the Bank has an interest
(other than as a mortgagee). The Bank owns, or has a valid right to use or a leasehold interest in, all real property used by it in the
conduct of its business as such business is presently conducted. Bank has good and marketable title, free and clear of all liens, encumbrances,
charges, defaults or equitable interests to all of the properties and assets, real and personal, reflected on the Bank Financial Statements
as being owned by Bank as of December 31, 2021 or acquired after such date, except (i) statutory liens for amounts not yet due and payable,
(ii) pledges to secure deposits and other liens incurred in the ordinary course of banking business, (iii) such imperfections of title,
easements, encumbrances, liens, charges, defaults or equitable interests, if any, as do not affect the use of properties or assets subject
thereto or affected thereby or otherwise materially impair business operations at such properties, (iv) dispositions and encumbrances
in the ordinary course of business, and (v) liens on properties acquired in foreclosure or on account of debts previously contracted.
All leases pursuant to which Bank, as lessee, leases real or personal property (except for leases that have expired by their terms or
that Bank has agreed to terminate since the date hereof) are valid without default thereunder by the lessee or, to Bank’s knowledge,
the lessor. The condition of the properties and assets of the Bank is sufficient, in all material respects, for the operation of the
business of the Bank as currently conducted by the Bank.

 

(t) Loans.
Each loan reflected as an asset in the Bank Financial Statements and each balance sheet date subsequent thereto (i) is evidenced by notes,
agreements or other evidences of indebtedness that are true and genuine, (ii) to the extent secured, has been secured by valid liens
and security interests that have been perfected, and (iii) is the legal, valid and binding obligation of the obligor named therein, enforceable
in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance and other laws of general applicability relating
to or affecting creditors’ rights and to general equity principles. The reserves for loan and lease losses shown on each of the
balance sheets contained in the Bank Financial Statements are adequate in the judgment of management and consistent with the standards
of the Federal Reserve and under GAAP to provide for incurred and probable losses, net of recoveries relating to loans and leases previously
charged off, on loans and leases outstanding (including accrued interest receivable) as of the applicable date of such balance sheet.
The aggregate loan balances of the Bank as of December 31, 2021, in excess of such reserves as shown on the balance sheet as of that
date included in the Bank Financial Statements are, to the knowledge of CB and the Bank, collectible in accordance with their terms.
All loans and extensions of credit that have been made by the Bank that are subject either to Section 22(b) of the Federal Reserve Act,
as amended, or to Part 349 of the rules and regulations of the FDIC, comply therewith.

 

    21

     

    

 

(u) Allowance
for Loan Losses. The allowance for loan losses reflected on the Bank Financial Statements, as of their respective dates, is adequate
in all material respects under the requirements of RAP to provide for reasonably incurred losses on outstanding loans.

 

(v) Deposit
Insurance. The deposits of the Bank are insured by the FDIC in accordance with the Federal Deposit Insurance Act of 1933, as amended
(“FDIA”), and Bank has paid all assessments and filed all reports required by the FDIA.

 

(w) Annual
Disclosure Statement. Bank is in compliance with Part 350 of the rules and regulations promulgated by the FDIC concerning disclosure
requirements, including the preparation of an annual disclosure statement, and the signature and attestation requirements provided and
to be provided pursuant to such Part are accurate.

 

(x) Bank
Secrecy Act, Anti-Money Laundering, Trade Compliance and Customer Information.

 

(i) Neither
CB, the Bank nor any of their representatives acting on their behalf, is aware of, based on its internal compliance procedures, and has
not been advised of, and has no reason to believe that any facts or circumstances exist, which would cause it to be deemed (i) to be
operating in violation in any material respect of the Bank Secrecy Act, the Patriot Act, any order issued with respect to anti-money
laundering by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), or any other applicable
anti-money laundering statute (including but not limited to the USA PATRIOT Act of 2011, the United States Bank Secrecy Act of 1970,
the United States Money Laundering Control Act of 1986, and the International Money Laundering Abatement and Anti-Terrorist Financing
Act of 2001, the laws and executive orders administered by state agencies, and any regulations promulgated thereunder (collectively,
the “Anti-Money Laundering Laws”)) in all applicable jurisdictions, the rules and regulations thereunder and any related
or similar rules, regulations or guidelines, issued, administered or enforced by any Governmental Authority; or (ii) not to be in satisfactory
compliance in any material respect with the applicable privacy and customer information requirements contained in any federal and state
privacy laws and regulations, including, without limitation, in Title V of the Gramm-Leach-Bliley Act of 1999 and the regulations promulgated
thereunder, as well as the provisions of the information security program adopted by Bank pursuant to 12 C.F.R Part 40. No suit, action,
investigation, audit or proceeding (whether judicial, arbitral, administrative or other) involving CB or the Bank with respect to any
of the foregoing is pending or, to the knowledge of CB or the Bank, threatened.

 

    22

     

    

 

(ii) Neither
CB, the Bank nor any of their representatives acting on their behalf, is aware of any facts or circumstances that would cause it to believe
that any non-public customer information has been disclosed to or accessed by an unauthorized third party in a manner that would cause
it or any of its Subsidiaries to undertake any material remedial action. The Bank Board has adopted and implemented an anti-money laundering
program that contains adequate and appropriate customer identification verification procedures that comply with Section 326 of the Patriot
Act and such anti-money laundering program meets the requirements in all material respects of Section 352 of the Patriot Act and the
regulations thereunder, and it (or such other of its Subsidiaries) has complied in all material respects with any requirements to file
reports and other necessary documents as required by the Patriot Act and the regulations thereunder. The Bank’s internal compliance
procedures comply with all applicable laws and regulations. Neither CB nor the Bank have received any written or oral communication from
any Governmental Authority that alleges that CB, the Bank, or any of their agents are in violation of, or have, or may have any liability
under, any international trade laws or Anti-Money Laundering Laws. Further, neither CB nor the Bank has, during the past five (5) years,
made any voluntary or involuntary disclosure to a Governmental Authority or conducted any internal investigation or audit concerning
any actual or potential violation or wrongdoing related to international trade laws or Anti-Money Laundering Laws.

 

(iii) Neither
CB, the Bank, nor any of their representatives acting on their behalf have (1) used any funds for unlawful contributions, gifts, entertainment
or other unlawful expenses relating to political activity, (2) made any unlawful payment to foreign or domestic government officials
or employees, to foreign or domestic political parties or campaigns or violated any provision of the U.S. Foreign Corrupt Practices Act
of 1977 or any other local or foreign anti-corruption or bribery Law or (3) made any other unlawful payment. Neither CB, the Bank, nor
any of their representatives acting on their behalf have directly or indirectly, given or agreed to give any unlawful gift or similar
benefit in any material amount to any customer, supplier, governmental employee or other Person who is or may be in a position to help
or hinder CB or the Bank or assist CB or the Bank in connection with any actual or proposed transaction.

 

(iv) Neither
CB, the Bank, nor any of their shareholders, directors, or officers, nor, to the knowledge of CB or the Bank, any other representative
acting on behalf of CB or the Bank is currently identified on the specially designated nationals or other blocked person list or otherwise
currently subject to any U.S. sanctions administered by OFAC, and the Parties have not, since their incorporation, directly or indirectly,
used any funds, or loaned, contributed or otherwise made available such funds to any Subsidiary, joint venture partner or other Person,
in connection with any sales or operations in Cuba, Iran, North Korea, Syria, the Donetsk People’s Republic, Luhansk People’s
Republic, and Crimea regions of Ukraine, or any other country sanctioned by OFAC or for the purpose of financing the activities of any
Person currently subject to, or otherwise in violation of, any U.S. sanctions administered by OFAC.

 

(v) Except
as specifically authorized by a governmental license, license exception, or other permit or applicable authorization of a Governmental
Authority, neither CB nor the Bank have exported, reexported, transferred, facilitated or brokered the sale of any goods, services, technology,
or technical data to or from, or entered into any transaction or had any dealing with, any person or entity for whom a license or other
authorization is required under the U.S. Export Administration Regulations (the “EAR,” 15 C.F.R. § 730 et seq.), the
International Traffic in Arms Regulations (the “ITAR,” 22 C.F.R. § 120 et seq.) or any other U.S. or non-U.S. export
control regime, nor has CB or the Bank entered into any transaction prohibited by such laws.

 

    23

     

    

 

(y) Intellectual
Property. Section 5.02(y) of the Disclosure Schedule sets forth a complete list of all (i) registered trademarks, service marks,
copyrights and patents; (ii) applications for registration or grant of any of the foregoing; and (iii) licenses for any of the foregoing,
in each case, owned by CB or the Bank. The items on Section 5.02(y), together with all other trademarks, service marks, trade names,
logos, assumed names, patents, copyrights, trade secrets, computer software, licenses, formulae, customer lists or other databases, business
application designs and inventions currently used in or necessary to conduct the business of the Bank, in whatever form or medium, constitute
the “Bank Intellectual Property.” Except as set forth on Section 5.02(y) of the Disclosure Schedule, CB or the Bank has ownership
of, or such other rights by license, lease or other agreement in and to, the Bank Intellectual Property as is necessary to permit the
Bank to use the Bank Intellectual Property in the conduct of its businesses as presently conducted.

 

(z) Data
Privacy. CB and the Bank (i) is and has been in compliance in all material respects with applicable Privacy and Security Requirements;
(ii) has not experienced any Security Breaches; and (iii) has implemented commercially reasonable safeguards designed to protect Protected
Data. Neither CB nor the Bank has received any written complaints regarding the unauthorized processing of Protected Data or non-compliance
with applicable Privacy and Security Requirements. The execution or performance of this Agreement will not, in any material respect,
affect CB’s or the Bank’s rights to process Protected Data in the same manner as prior to the closing or violate any applicable
Privacy and Security Requirements.

 

5.03.
Representations and Warranties of Clear. Subject to Section
5.01, Clear hereby represents and warrants to CB and the Bank as follows:

 

(a) Organization,
Standing and Authority. Clear is a corporation duly organized, validly existing and in good standing under the laws of the State
of Wyoming. Clear is duly qualified to do business and is in good standing in the State of Wyoming.

 

(b) Corporate
Power. Clear has the corporate power and authority to carry on its business as it is now being conducted and to own all its properties
and assets; and Clear has the corporate power and authority to execute, deliver and perform its obligations under this Agreement and
to consummate the transactions contemplated hereby.

 

(c) Corporate
Authority; Authorized and Effective Agreement. This Agreement and the transactions contemplated hereby have been authorized by all
necessary corporate action of Clear, and the Clear Board prior to the date hereof. This Agreement is a valid and legally binding agreement
of Clear enforceable in accordance with its terms (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by general
equity principles).

 

    24

     

    

 

(d) Regulatory
Approvals; No Defaults.

 

(i) No
consents or approvals of, or filings or registrations with, any Governmental Authority or with any third party are required to be made
or obtained in connection with the execution, delivery or performance by Clear of this Agreement or to consummate the Merger except for
(A) filings of applications or notices with, and approvals or waivers by, the Federal Reserve Board, and the Wyoming Division of Banking,
as may be required, (B) the filing of the Statement of Merger with the Secretary of State of the State of Wyoming pursuant to the WBCA;
and (C) receipt of the approvals set forth in Section 8.01(b). As of the date hereof, Clear is not aware of any reason why the approvals
set forth in Section 8.01(b) will not be received without the imposition of a condition, restriction or requirement of the type described
in Section 8.01(b).

 

(ii) Subject
to the satisfaction of the requirements referred to in the preceding paragraph and expiration of the related waiting periods, and required
filings under federal and state securities laws, the execution, delivery and performance of this Agreement and the consummation of the
transactions contemplated hereby do not and will not (A) constitute a breach or violation of, or a default under, or give rise to any
Lien, any acceleration of remedies or any right of termination under, any law, rule or regulation or any judgment, decree, order, governmental
permit or license, or agreement, indenture or instrument of Clear, any of its Subsidiaries, to which Clear, any of its Subsidiaries,
or their properties is subject or bound, (B) constitute a breach or violation of, or a default under, the Articles of Incorporation or
Bylaws (or similar governing documents) of Clear or any of its Subsidiaries, or (C) require any consent or approval under any such law,
rule, regulation, judgment, decree, order, governmental permit or license, agreement, indenture or instrument.

 

ARTICLE
VI

COVENANTS

 

6.01 Reasonable
Best Efforts. Subject to the terms and conditions of this Agreement, each of CB and Clear and agrees to use its respective reasonable
best efforts in good faith to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or
desirable, or advisable under applicable laws, expressly including Clear’s best efforts to ensure that New Pubco execute all documents
as may be reasonably requested by CB in connection with this Agreement, so as to permit consummation of the Merger as promptly as practicable
and otherwise to enable consummation of the transactions contemplated hereby, including the satisfaction of the conditions set forth
in Article VIII hereof, and shall cooperate fully with the other party hereto to that end.

 

6.02 Shareholder
Approval/ Appraisal Rights.

 

(a)
CB agrees to take, in accordance with applicable law and the CB Articles and the CB Bylaws, all action necessary to vote upon the approval
of the principal terms of the Merger and any other matters required to be approved by CB’s shareholders for consummation of the
Merger. The CB Board shall at all times recommend such approval and shall take all reasonable lawful action to solicit such approval
by its shareholders (including the approvals, waivers and consents set forth in Section 8.01(c); provided, that nothing in this Agreement
shall prevent the CB Board from withholding, withdrawing, amending or modifying its recommendation if the CB Board determines, after
consulting with outside legal counsel, that such action is required in order for the directors to comply with their fiduciary duties
to the CB shareholders under applicable law.

 

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(b)
Any Shareholder who neither votes in favor of nor consents to the Merger may, under certain circumstances and by following procedures
under Section 17-16-1302 of the WBCA, a copy of which is attached hereto as Exhibit A, exercise appraisal rights to receive cash
in an amount equal to the “fair value” of such Shareholders shares of CB common stock to which such Shareholder has exercised
such appraisal or dissenters rights.

 

6.03 Press
Releases. CB and Clear shall consult with each other before issuing any press release with respect to the Merger or this Agreement
and shall not issue any such press release or make any such public statements without the prior consent of the other party, which consent
shall not be unreasonably withheld or delayed. CB and Clear shall cooperate to develop all public announcement materials and make appropriate
management available at presentations related to the transactions contemplated by this Agreement as reasonably requested by the other
party.

 

6.04 Access;
Information; Board Observation Rights.

 

(a) CB
and Bank agree that upon reasonable notice and subject to applicable laws relating to the exchange of information, they shall afford
Clear and Clear’s officers, employees, counsel, accountants and other authorized representatives, such access during normal business
hours throughout the period prior to the Effective Time to the books, records (including, without limitation, tax returns and work papers
of independent auditors), properties, personnel and to such other information as Clear may reasonably request and, during such period,
it shall furnish promptly to Clear (i) a copy of each material report, schedule and other document filed by CB or Bank pursuant to federal
or state securities or banking laws, and (ii) all other information concerning the business, properties and personnel of CB and Bank
as Clear may reasonably request.

 

(b) Each
of Clear, CB and Bank agrees that it will not, and will cause its representatives not to use any information obtained pursuant to this
Section 6.04 (as well as any other information obtained prior to the date hereof in connection with the entering into of this Agreement)
for any purpose unrelated to the consummation of the transactions contemplated by this Agreement. Subject to the requirements of law,
each party will keep confidential, and will cause its representatives to keep confidential, all information and documents obtained pursuant
to this Section 6.04 (as well as any other information obtained prior to the date hereof in connection with the entering into of this
Agreement) unless such information (i) was already known to such party, (ii) becomes available to such party from other sources not known
by such party to be bound by a confidentiality obligation, (iii) is disclosed with the prior written approval of the party to which such
information pertains, (iv) is or becomes readily ascertainable from published information or trade sources or (v) is disclosed to a potential
investor in New Pubco pursuant to a confidentiality agreement in form and substance reasonably agreed to by CB and the Bank which is
enforceable by CB and the Bank. No investigation by either party of the business and affairs of the other shall affect or be deemed to
modify or waive any representation, warranty, covenant or agreement in this Agreement, or the conditions to either party’s obligation
to consummate the transactions contemplated by this Agreement. Notwithstanding the foregoing or anything to the contrary in this Agreement,
Clear shall be permitted to disclose (and to permit QFTA and New Pubco to disclose) any information regarding the Company and/or its
business as may be necessary or appropriate to include in the Registration Statement / Proxy Statement (as such term is defined in the
Business Combination Agreement), any other filings to be made with the SEC by QFTA or New Pubco in connection with the transactions contemplated
by this Agreement and the Business Combination Agreement, and/or any materials that may be provided to potential investors in the Potential
Financing (as such term is defined in the Business Combination Agreement), unless otherwise prohibited by the Federal Reserve Board and
the State of Wyoming Banking Division.

 

    26

     

    

 

(c) During
the period from the date of this Agreement to the Effective Time, CB and the Bank shall promptly furnish Clear copies of all monthly
and other interim financial statements produced in the ordinary course of business as the same shall become available.

 

(d) Without
limiting the generality of the foregoing, between the date hereof and the Final Closing, the Company shall (a) provide to Clear all financial
statements of CB required to be provided pursuant to, and at such times and in conformity with all applicable requirements set forth
in, Section 6.4 of the Business Combination Agreement; (b) use its reasonable best efforts (i) to assist Clear in causing to be prepared
in a timely manner any other financial information or statements (including customary pro forma financial statements) that are required
to be included in the Registration Statement / Proxy Statement and any other filings to be made by QFTA or New Pubco with the SEC in
connection with the transactions contemplated by this Agreement and the Definitive Acquisition Agreement and (ii) to obtain the consents
of CB or the Bank’s auditors with respect thereto as may be required by applicable Law or requested by the SEC; and (c) notwithstanding
anything to the contrary in this Agreement, reasonably cooperate with Clear, as may be requested by Clear from time to time, in assisting
with the preparation of (i) the Registration Statement / Proxy Statement and any other filings to be made with the SEC by QFTA or New
Pubco in connection with the transactions contemplated by this Agreement and the Definitive Acquisition Agreement and (ii) any materials
that may be provided to potential investors in the Potential Financing.

 

(e) CB
and the Bank shall invite and allow up to three (3) Clear observers to attend and observe (but not vote or otherwise participate in)
all regular and special meetings of the board of directors of CB or the Bank and all regular and special meetings of any senior management
committee (including, but not limited to, the executive committee and the loan committee) of the Bank; provided that such observer may
be excluded from any portion of any meeting in order to maintain any confidentiality, confidential privileges, including attorney-client
privileged communications, or to allow confidential discussion of matters pertaining to the Bank, this Agreement and the transactions
contemplated hereby. CB and the Bank shall share all board packages, financial reports and updated loan information with Clear at and
in anticipation of such meetings; provided that CB and the Bank may exclude from any such materials provided to Clear any portion of
such materials necessary to maintain any confidentiality, confidential privileges, including attorney-client privileged communications,
or to allow confidential discussion of matters pertaining to the Bank, this Agreement and the transactions contemplated hereby. If the
Merger is finally disapproved by any appropriate regulatory authority or if this Agreement is terminated pursuant to its terms, Clear
will no longer be entitled to notice of and permission to attend such meetings. All information obtained by Clear in connection with
these meetings shall be treated in confidence as provided in Section 6.13 hereof.

 

		6.05	Acquisition
                                            Proposals. CB and Bank agree that neither it nor its officers, directors or Affiliates
                                            shall, and that it shall direct and use its best efforts to cause its employees, agents and
                                            representatives (including any financial advisor, attorney or accountant retained by it)
                                            not to, directly or indirectly, initiate, solicit, encourage or otherwise facilitate any
                                            inquiries or the making of any proposal or offer with respect to a merger, reorganization,
                                            share exchange, consolidation or similar transaction involving, or any purchase of all or
                                            substantially all of the assets of or more than 10% of the outstanding equity securities
                                            of, CB (any such proposal or offer being hereinafter referred to as an “Acquisition
                                            Proposal”). CB and Bank further agree that neither it nor any of its officers and directors
                                            shall, and that it shall direct and use its reasonable best efforts to cause its employees,
                                            Affiliates, agents and representatives (including any financial advisor, attorney or accountant
                                            retained by it) not to, directly or indirectly, engage in any negotiations concerning, or
                                            provide any confidential information or data to, or have any discussions with, any Person
                                            relating to an Acquisition Proposal, or otherwise facilitate any effort or attempt to make
                                            or implement an Acquisition Proposal.

 

6.06 Reports
and Filings. Each of CB, the Bank and Clear shall file between the date of this Agreement and the Effective Time, all reports required
to be filed by it with all Regulatory Authorities having jurisdiction over such party. Any financial statements contained in any reports
to a Regulatory Authority shall be prepared in accordance with requirements applicable to such reports.

 

    27

     

    

 

6.07 Regulatory
Applications.

 

(a) 
CB, Bank and Clear, (and, when timely, Clear will ensure that New Pubco), shall cooperate and use their respective reasonable best efforts
to prepare all documentation, to timely effect all filings and to obtain all permits, consents, approvals and authorizations of all third
parties and Governmental Authorities necessary to consummate the transactions contemplated by this Agreement. Clear, QFTA and New Pubco
will assume primary responsibility to effect all filings and will pay all costs and expenses related thereto per Section 10.06. Each
party hereto agrees that it will consult with the other party hereto with respect to the obtaining of all material permits, consents,
approvals and authorizations of all third parties and Governmental Authorities necessary or advisable to consummate the transactions
contemplated by this Agreement and each party will keep the other party apprised of the status of material matters relating to completion
of the transactions contemplated hereby. Clear, QFTA and New Pubco will ensure that any initial filing with Governmental Authorities
shall be made as soon as reasonably practicable after the execution hereof. Subject to applicable laws relating to the exchange of information,
each of CB and Bank shall have the right to review in advance and, to the extent practicable, consult with the other on all material
written information submitted to any third party and/or any Governmental Authority in connection with the Merger and the other transactions
contemplated by this Agreement. In exercising the foregoing right, each of such parties agrees to act reasonably and as promptly as practicable.

 

(b) Each
party agrees, upon request, to furnish the other party with all information concerning itself, its Subsidiaries, directors, officers
and shareholders and such other matters as may be reasonably necessary or advisable in connection with any filing, notice or application
made by or on behalf of such other party or any of its Subsidiaries to any third party or Governmental Authority.

 

6.08 Notification
of Certain Matters. Each of CB, the Bank and Clear shall give prompt notice to the other of any fact, event or circumstance known
to it that (i) is reasonably likely, individually or taken together with all other facts, events and circumstances known to it, to result
in a Material Adverse Effect or to prevent, materially delay or materially impair the ability of CB or Clear, as the case may be, to
consummate the transactions contemplated by this Agreement or (ii) would cause or constitute a material breach of any of its representations,
warranties, covenants or agreements contained herein.

 

6.09 No
Breaches of Representations or Warranties. Between the date of this Agreement and the Effective Time, without the written consent
of the other party, each of Clear, CB, and Bank will not do any act or suffer any omission of any nature whatsoever that would cause
any of the representations or warranties made in Article V of this Agreement to become untrue or incorrect in any material respect.

 

6.10 Consents.
Each of Clear, CB and Bank shall use its best commercial efforts to obtain any required consents to the transactions contemplated by
this Agreement.

 

6.11 Insurance
Coverage. CB and Bank shall cause each of the policies of insurance listed in its Disclosure Schedule to remain in effect between
the date of this Agreement and the Effective Date.

 

6.12 Correction
of Information. Each of Clear, CB and Bank shall promptly correct and supplement any information furnished under this Agreement so
that such information shall be correct and complete in all material respects at all times, and shall include all facts necessary to make
such information correct and complete in all material respects at all times, provided that any such correction or supplement that may
result in a change to a party’s Disclosure Schedule (“Updated Disclosure Schedule”) shall not be made without the prior
written consent of the other party, which shall not be unreasonably withheld.

 
6.13 Confidentiality.
Except for the use in connection with the governmental filings required in order to complete the transactions contemplated by this Agreement,
all information (collectively, the “Information”) received by each of CB, Bank and Clear, pursuant to the terms of this Agreement
shall be kept in strictest confidence; CB, Bank, and Clear agree that the Information will be used only for the purpose of completing
the transactions contemplated by this Agreement. CB, Bank, and Clear agree to hold the Information in strictest confidence and shall
not use, and shall not disclose directly or indirectly any of such Information except when, after and to the extent such Information
(i) is or becomes generally available to the public other than through the failure of CB, Bank, or Clear to fulfill its obligations hereunder,
(ii) was already known to the party receiving the Information on a nonconfidential basis prior to the disclosure or (iii) is subsequently
disclosed to the party receiving the Information on a nonconfidential basis by a third party having no obligation of confidentiality
to the party disclosing the Information.

 

6.14 Allowance
for Loan and Lease Losses; Pre-Closing Loan Review.

 

(a) The
Bank will continue to adhere to its policies and procedures, as well as all guidance from any applicable Regulatory Authority and GAAP
and RAP, related to its allowance for loan and lease losses as the Bank has in its normal course of business.

 

    28

     

    

 

(b) Any
additional adjustments to the Bank’s allowance for loan and lease losses or other accounts required by the Clear, which are allowable
under all applicable Regulatory Authority and GAAP and RAP, will be made by the Bank at or immediately prior to Effective Time. Any such
adjustments will not be included in the Calculation Statement or otherwise impact the calculation of the Merger Consideration, or the
total proceeds to be received by the shareholders of CB.

 

(c) The
Bank shall make available to Clear all reasonably requested information regarding the status of each loan contained in the loan portfolio
of the Bank, as of a date not more than 15 days prior to the Effective Time.

 

6.15 Continuity
of Interest. The parties agree to continue the operation of the Bank for not less than two (2) years following the Effective Time
in a manner substantially similar to the operation of the Bank prior to the Effective Time.

 

 6.16 Offering of New Pubco Common Stock.

 

		(a)	New
                                            Pubco will use reasonable best efforts to cause the offer and sale of the New Pubco Common
                                            Stock issuable in the Merger to be registered on the Registration Statement on Form S-4 filed
                                            in connection with the transactions contemplated by the Business Combination Agreement (the
                                            “Form S-4”). If the SEC does not permit the offer and issuance of the registration
                                            of the New Pubco Common Stock on the Form S-4, New Pubco shall offer and issue the New Pubco
                                            Common Stock in a transaction exempt from the registration requirements of Section 5 of the
                                            Securities Act of 1933, as amended (a “Private Placement”); provided that New
                                            Pubco shall not be required to issue any New Pubco Common Stock unless such issuance complies
                                            with all federal and state securities laws.

 

		(b)	If
                                            the New Pubco Common Stock is registered on the Form S-4, as promptly as practicable after
                                            the effective date of the Form S-4, New Pubco shall mail to each CB shareholder a Prospectus,
                                            together with an Election Form and Letter of Transmittal.

 

		(c)	If
                                            New Pubco is not permitted to register the New Pubco Common Stock issuable in the Merger
                                            on the Form S-4, as soon as practicable after such determination, New Pubco shall mail to
                                            each CB Stockholder an Investor Questionnaire requesting that each CB Stockholder return
                                            such Investor Questionnaire by the Certification Deadline specified therein, which shall
                                            be ten (10) Business Days after the mailing date of such Investor Questionnaire. CB shall
                                            promptly provide New Pubco with a copy of all completed Investor Questionnaires. If New Pubco
                                            is not permitted to register the New Pubco Common Stock issuable in the Merger, New Pubco
                                            shall prepare an Offering Memorandum and cause such Offering Memorandum to be mailed to CB
                                            shareholders that have provided a properly completed Investor Questionnaire certifying that
                                            such holder of CB Common Stock is an accredited investor and to each unaccredited investor
                                            that has appointed a Purchaser Representative. Any CB Stockholder that (i) does not return
                                            an Investor Questionnaire by the Certification Deadline or (ii) does not certify in the Investor
                                            Questionnaire that it is an “accredited investor” (or that it is an unaccredited
                                            investor and has appointed a purchaser representative in accordance with Rule 502) shall
                                            be deemed to have selected Option B (all cash).

 

		(d)	New
                                            Pubco shall not be required to offer or issue shares of New Pubco Common Stock to any CB
                                            Stockholder if such offer or issuance would, in its reasonable judgement, be in violation
                                            of any federal or state securities laws. New Pubco shall be under no obligation to issue
                                            any New Pubco Common Stock unless the transactions contemplated by the Business Combination
                                            Agreement have been consummated. Subject to the foregoing, New Pubco shall cause to be deposited
                                            with the Paying Agent, the shares of New Pubco Common Stock issuable pursuant to Article
                                            III hereof.

 

		(e)	The
                                            parties hereto agree that all obligations of New Pubco under this Section 6.16 to issue any
                                            New Pubco Common Stock shall be conditioned upon the consummation of the transactions contemplated
                                            the Business Combination Agreement and that all obligations of New Pubco under this Section
                                            6.16 shall terminate without action of any party upon termination of the Business Combination
                                            Agreement.

 

		(f)	If
                                            New Pubco is not permitted to register the New Pubco Common Stock issuable in the Merger
                                            on the Form S-4 and instead issues such stock in a Private Placement, as soon as practicable
                                            (and in any event within 30 calendar days following the Closing Date) New Pubco shall file
                                            a registration statement with the SEC providing for the resale by CB shareholders of shares
                                            received as part of the Merger Consideration (the “Resale Registration Statement”).
                                            Clear shall use commercially reasonable efforts to cause such Resale Registration Statement
                                            to become effective within 60 calendar days from Closing Date.

 

    29

     

    

 

ARTICLE
VII

ESCROW AND HOLDBACK ACCOUNT

 

The
funds deposited in the Escrow Account will comprise a $100,000 good faith deposit by Clear and, unless previously released, will convert
on Closing Date to a Holdback fund to be reserved in the Escrow for a period of 12 months post-Closing as a fund for potential reimbursement
to Clear, as the circumstances dictate, in the event of costs incurred by them through payment of claims for tax or other liabilities
arising from breach by CB or Bank of the representations, warranties or covenants contained in this Agreement.

 

ARTICLE
VIII

CONDITIONS TO CONSUMMATION OF THE MERGER

 

8.01 Conditions
to Each Party’s Obligation to Effect the Merger. The respective obligation of each of Clear and CB to consummate the Merger
is subject to the fulfillment or written waiver by Clear and CB prior to the Effective Time of each of the following conditions:

 

(a) Shareholder
Approval. This Agreement shall have been duly adopted by the requisite vote of Clear, New Pubco, Bank and CB’s shareholders,and
the issuance of New Pubco Stock shall have been duly approved by the requisite vote of New Pubco stockholders if required.

 

(b) Regulatory
Approvals. All regulatory approvals set forth on Schedule 8.01(b) shall have been obtained and shall remain in full force and effect
and all statutory waiting periods in respect thereof shall have expired and no such approvals shall contain (i) any restrictions or requirements
that the Clear Board reasonably determines would either before or after the Effective Time have a material adverse effect on Clear, New
Pubco, Bank or CB after giving effect to the consummation of the Merger, or (ii) reduce the benefits of the transactions contemplated
hereby to such a degree that Clear, New Pubco, CB and Bank would not have entered into this Agreement had such conditions, restrictions
or requirements been known as of the date hereof.

 

(c) No
Injunction. No Governmental Authority of competent jurisdiction shall have enacted, issued, promulgated, enforced, or entered any
statute, rule, regulation, judgment, decree, injunction or other order (whether temporary, preliminary or permanent) that is in effect
and prohibits consummation of the transactions contemplated by this Agreement.

 

(d) Business
Combination. The transactions contemplated by the Business Combination Agreement, including the acquisition of private company Wilson-Davis
by Clear, shall have been completed.

 

    30

     

    

 

8.02 Conditions
to Obligation of CB. The obligation of CB to consummate the Merger is also subject to the fulfillment or written waiver by CB prior
to the Effective Time of each of the following conditions:

 

(a) Representations
and Warranties. The representations and warranties of Clear set forth in this Agreement shall be true and correct in all material
respects, as of the date of this Agreement and as of the Effective Date as though made on and as of the Effective Date (except that representations
and warranties that by their terms speak as of the date of this Agreement or some other date shall be true and correct as of such date),
and CB shall have received a certificate, dated the Effective Date, signed on behalf of Clear by the Chief Executive Officer of Clear
to such effect.

 

(b) Performance
of Obligations of Clear. Clear shall have performed in all material respects all obligations required to be performed by Clear under
this Agreement at or prior to the Effective Time, and CB shall have received a certificate, dated the Effective Date, signed on behalf
of Clear by the Chief Executive Officer of Clear to such effect.

 

(c) New
Pubco Duties and Obligations. New Pubco shall have executed this Agreement.

 

8.03 Conditions
to Obligation of Clear. The obligation of Clear to consummate the Merger is also subject to the fulfillment or written waiver by
Clear prior to the Effective Time of each of the following conditions:

 

(a) Representations
and Warranties. The representations and warranties of CB and Bank set forth in this Agreement (without giving effect to any Updated
Disclosure Schedule delivered by CB and Bank pursuant to Section 6.12, except for changes to Section 5.02 Schedules reflecting actions
taken by CB and the Bank in compliance with Section 4.01) shall be true and correct in all material respects, as of the date of this
Agreement and as of the Effective Date as though made on and as of the Effective Date (except that representations and warranties that
by their terms speak as of the date of this Agreement or some other date shall be true and correct as of such date) and Clear shall have
received a certificate, dated the Effective Date, signed on behalf of CB and the Bank by their respective authorized officers to such
effect.

 

(b) Performance
of Obligations of CB and Bank. CB and Bank shall have performed in all material respects all obligations required to be performed
by CB or Bank under this Agreement at or prior to the Effective Time, and Clear shall have received a certificate, dated the Effective
Date, signed on behalf of CB and Bank by an authorized officer of each to such effect.

 

(c) Consents.
CB and the Bank shall have obtained each of the consents listed in Section 5.02(k) of the Disclosure Schedules and any consents of the
type required to be identified in Section 5.02(k) of the Disclosure Schedule but which were not so identified as of the date of this
Agreement. A copy of each such consent shall have been delivered to Clear.

 

(d) No
Adverse Changes. Between the date of this Agreement and the Effective Date there shall not have occurred and be existing any change
or any condition, event, circumstance, fact or occurrence, other than as provided in this Agreement, that would have a Material Adverse
Effect.

 

    31

     

    

 

(e) Transaction
Costs. CB and the Bank shall have used its reasonable best efforts to cause its legal, accounting, financial and other advisors to
submit final bills or estimates of final bills for all professional fees related to the transactions contemplated by this Agreement by
the Calculation Date to allow them to prepare the Calculation Statement accounting for such Transaction Costs owing by them. Based upon
such final bills or estimates of such final bills, CB and the Bank shall have paid all such Transaction Costs in full prior to or immediately
prior to the Effective Time. In no event shall Clear be liable for any such Transaction Costs in connection with the transactions contemplated
by this Agreement, other than expenses, if any, incurred by CB or the Bank in connection with applications for regulatory approvals.

 

ARTICLE
IX

TERMINATION

 

9.01 Termination
by Mutual Consent. This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time, whether
before or after the approval by shareholders referred to in Section 8.01(a), by the mutual written consent of Clear and CB by action
of their respective boards of directors.

 

9.02 Termination
by Either Clear or CB. This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time,
whether before or after the approval by shareholders referred to in Section 8.01(a), by action of the board of directors of either Clear
or CB, in the event:

 

(a) The
Merger is not consummated within two (2) years of the date of this Agreement, (providing the applications for approval set forth in Section
6.06 are no longer pending) except to the extent that the failure of the Merger then to be consummated arises out of or results from
the knowing action or inaction of the party seeking to terminate pursuant to this Section 9.02(a), which action or inaction is in violation
of its obligations under this Agreement.

 

(b) (i)
The approval of any Governmental Authority required for consummation of the Merger and the other transactions contemplated by this Agreement
shall have been denied by final and nonappealable action of such Governmental Authority or an application therefor shall have been permanently
withdrawn at the invitation, request or suggestion of a Governmental Authority or (ii) the shareholder approval referred to in Section
8.01(a) herein is not obtained.

 

(c) The
Business Combination Agreement is terminated.

 

9.03 Termination
by CB. This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time, whether before or
after approval by shareholders of CB referred to in Section 8.01(a), by action of the CB Board if there has been a breach of any representation,
warranty, covenant or agreement made by Clear in this Agreement, or any such representation and warranty shall have become untrue after
the date of this Agreement, such that Sections 8.02(a) or 8.02(b) would not be satisfied and such breach or condition is not curable
or, if curable, is not cured within thirty (30) days after written notice thereof is given by CB to Clear, provided that CB or Bank is
not itself in material breach of any provision of this Agreement.

 

9.04 Termination
by Clear. This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time, whether before
or after approval by shareholders referred to in Section 8.01(a), by action of the Clear Board, in the event that:

 

(a) There
has been a breach of any representation, warranty, covenant or agreement made by CB or the Bank in this Agreement, or any such representation
and warranty shall have become untrue after the date of this Agreement, such that Sections 8.03(a), 8.03(b), 8.03(c) or 8.03(d) would
not be satisfied and such breach or condition is not curable or, if curable, is not cured within thirty (30) days after written notice
thereof is given by Clear to CB, provided that Clear is not itself in material breach of any provision of this Agreement.

 

(b) CB
or the Bank shall have breached Section 6.06 or the CB or Bank Board shall have failed to make its recommendation referred to in Section
6.02, withdrawn such recommendation or adversely modified or changed such recommendation or failed to reconfirm its recommendation of
this Agreement within five (5) Business Days after a written request by Clear to do so.

 

9.05 Effect
of Termination and Abandonment. In the event of termination of this Agreement and the abandonment of the Merger pursuant to this
Article IX, this Agreement (other than as set forth in Section 9.01) shall become void and of no effect with no liability or further
obligation on the part of any party hereto (or of any of its directors, officers, employees, agents, legal and financial advisors or
other representatives); provided, however, except as otherwise provided herein, no such termination shall relieve any party hereto of
any liability or damages resulting from any willful breach of this Agreement

 

    32

     

    

 

ARTICLE
X

MISCELLANEOUS

 

10.01 Survival.
Except as relates to the Holdback in the Escrow, (see ARTICLE VII) the representations, warranties, agreements and covenants contained
in this Agreement shall not survive the Effective Time, provided, however, except as otherwise provided herein, no termination shall
relieve any party hereto of any liability or damages resulting from any willful breach of this Agreement.

 

10.02 Waiver;
Amendment. Prior to the Effective Time, any provision of this Agreement may be (i) waived by the party benefited by the provision,
or (ii) amended or modified at any time, by an agreement in writing between the parties hereto executed in the same manner as this Agreement,
except to the extent that any such amendment would violate applicable law or require resubmission of this Agreement or the plan of merger
contained herein to the shareholders of CB.

 

10.03 Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed to constitute an original.

 

10.04 Governing
Law and Venue; Waiver of Jury Trial.

 

(a) THIS
AGREEMENT SHALL BE DEEMED TO BE MADE IN AND IN ALL RESPECTS SHALL BE INTERPRETED, CONSTRUED AND GOVERNED BY AND IN ACCORDANCE WITH THE
LAWS OF THE STATE OF WYOMING, WITHOUT REGARD TO THE CONFLICT OF LAW PRINCIPLES THEREOF. The parties hereby irrevocably submit to
the jurisdiction of the courts of the State of Wyoming and the federal courts of the United States of America located in Wyoming solely
in respect of the interpretation and enforcement of the provisions of this Agreement and of the documents referred to in this Agreement,
and in respect of the transactions contemplated hereby and thereby, and hereby waive, and agree not to assert, as a defense in any action,
suit or proceeding for the interpretation or enforcement hereof or of any such documents, that it is not subject thereto or that such
action, suit or proceeding may not be brought or is not maintainable in said courts or that the venue thereof may not be appropriate
or that this Agreement or any such document may not be enforced in or by such courts, and the parties hereto irrevocably agree that all
claims with respect to such action or proceeding shall be heard and determined in such Wyoming state or federal court. The parties hereby
consent to and grant any such court jurisdiction over the person of such parties and over the subject matter of such dispute and agree
that mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 10.04 or in
such other manner as may be permitted by law, shall be valid and sufficient service thereof.

 

(b) EACH
PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT
ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY
IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY
THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY
UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (iv) EACH PARTY HAS
BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.04.

 

10.05 Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed to constitute an original.

 

10.06
Expenses. Whether or not the Merger is consummated, all costs and expenses incurred in connection with this Agreement and
the Merger and the other transactions contemplated by this Agreement, other than regulatory application expenses, (all of which will
be paid by Clear), shall be paid by the party incurring such expense.

 

10.07 Notices.
All notices, requests and other communications hereunder to a party shall be in writing and shall be deemed given if personally delivered,
faxed (with confirmation) or mailed by registered or certified mail (return receipt requested) or private courier delivered to such party
at its address set forth below or such other address as such party may specify by notice to the parties hereto.

 

    33

     

    

 

	If to CB, to:	Wynema Engstrom                                        	 
	 	P.O. Box 870	 
	 	214 Main Street                                              	 
	 	Pine Bluffs, WY 82082                                  	 
	 	 	 
	With a copy to:	Kenneth C. Wolfe, Esq.                                  	 
	 	Wolfe, Van Ackern & Stephenson LLP	 
	 	1008 Centre Avenue, Suite A	 
	 	Fort Collins, CO 80526	 
	 	 	 
	 	                                                                        	 
	 	 	 
	If to Bank, to:	Greg Gross                                                       	 
	 	103 East 2nd Street                                           	 
	 	Pine Bluffs, WY 82082                                    	 
	 	 	 
	With a copy to:	(same)                                                              	 
	 	                                                                          	 
	 	                                                                          	 
	 	 	 
	If to Clear, to:	Craig Ridenhour	 
	 	 	 
	 	4221 W Boy Scout Blvd	 
	 	Suite 300	 
	 	Tampa, Fl 33607	 
	 	 	 
	with a copy to:	Fairfield and Woods, P.C.	 
	 	1801 California Street, Suite 2600	 
	 	Denver, CO 80202	 
	 	Attn: Robert M. Vinton, Esq.	 
	 	Cell: 303 859 8596	 
	 	rvinton@fwlaw.com	 
	 	 	 
	If to New Pubco, to:	John Schaible	 
	 	4221 W. Boy Scout Blvd.	 
	 	Suite 300	 
	 	Tampa FL 33607	 
	 	 	 
	With a copy to:	Winston & Strawn LLP	 
	 	200 Park Avenue	 
	 	New York, NY 10166-4700	 
	 	Attention: Jason Osborn	 
	 	josborn@winson.com	  

 

 

    34

     

    

 

10.08 Entire
Understanding; No Third-Party Beneficiaries. Nothing in this Agreement, whether express or implied, is intended to confer upon any
Person, other than the parties hereto or their respective successors, any rights, remedies, obligations or liabilities under or by reason
of this Agreement; provided, however, that New Pubco and QFTA are express third-party beneficiaries of the representations and warranties
of the Company and Bank set forth in Section 5.02 of this Agreement.

 

10.09 Interpretation;
Effect. When a reference is made in this Agreement to Sections, Exhibits or Schedules, such reference shall be to a Section of, or
Exhibit or Schedule to, this Agreement unless otherwise indicated. The table of contents and headings contained in this Agreement are
for reference purposes only and are not part of this Agreement. Whenever the words “include”, “includes” or “including”
are used in this Agreement, they shall be deemed to be followed by the words “without limitation.”

 

10.10 Severability.
If any provision of this Agreement or the application thereof to any Person or circumstance is determined by a court of competent jurisdiction
to be invalid, void or unenforceable, the remaining provisions, or the application of such provision to Persons or circumstances other
than those as to which it has been held invalid or unenforceable, will remain in full force and effect and will in no way be affected,
impaired or invalidated thereby, so long as the economic or legal substance of the transactions contemplated hereby is not affected in
any manner materially adverse to any party. Upon such determination, the parties will negotiate in good faith in an effort to agree upon
a suitable and equitable substitute provision to effect the original intent of the parties.

 

10.11
Assignment. Clear, New Pubco and CB may not assign any of their rights or obligations under this Agreement to any other Person,
except upon the prior written consent of the other Party, and subject to the express understanding that it is the intention that Clear
and New Pubco will consummate between them an acquisition transaction.

 

[signature
page follows]

 

    35

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in counterparts by their duly authorized officers, all
as of the day and year first above written.

 

	 	CB:
	 	 	 
	 	By:	/s/ Wynema
    Engstrom
	 	Name:	Wynema Engstrom
	 	Title:	Chairwoman and President
	 	 	 
	 	Bank:
	 	 	 
	 	By:	/s/ Wynema
    Engstrom
	 	Name:	Wynema Engstrom
	 	Title:	Chairwoman and President
	 	 	 
	 	AtlasClear, Inc.:
	 	 	 
	 	By:	/s/ Craig
    Ridenhour
	 	Name:	Craig Ridenhour
	 	Title:	Chief Business Development Officer
	 	 	 
	 	Calculator New Pubco, Inc.
	 	 	 
	 	By:	/s/ Steven
    J. Carlson
	 	Name:	Steven J. Carlson
	 	Title:	President and Secretary

 

    36

     

    

 

SCHEDULE
I

 

Sample
Merger Consideration Calculation

 

     

     

    

 

SCHEDULE
1-SAMPLE MERGER CONSIDERATION CALCULATION

 

For
illustrative purposes, based on the following assumptions (final numbers will change other than $10 value for New Pubco common stock
and $150,000 NOL Tax Benefit):

 

(1)
Adjusted Estimated Book Value (“AEBV”) as of 10/24/22 is $2,604,000 (based on Equity Capital of $2,700,000 minus $96,000
loan impairment)

 

(2)
New Pubco common stock will be delivered under Option A at $10.00 per share

 

(3)
CB common stock has 449,043 shares outstanding

 

(4)
per above, per share AEBV is $5.80

 

(5)
in addition to AEBV, shareholders will receive a pro rata share of Premises valued at

 

$400,000
(* number may change based on Appraised Value) less value on books of $121,350 = $278,650 ($278,650 / 449,043) = $.6205 per share

 

$150,000
for NOL Tax Benefit ($150,000/449,043) = $.3340

 

As
an example, assume 85% (381,686)) of shares outstanding are held by shareholders electing Option A, which is 3 X AEBV with 1/3 in cash
and 2/3 in equity:

 

Sample
Calculation:

 

Option
A-3x per share AEBV: $5.80 X3 = $ 17.40 plus, $.6205 for Premises above what it is carried on the books, plus $.3340 for NOL Tax Benefit=
$18.3545 per share

 

Total
value to Option A electors -$18.3545 X 381,686 = $7,005,656

 

Stock
portion X .66 = $4,670,390.63

 

Number
of shares of QFTA common at $10 per share—467,039

 

Cash
payment: ($6,338,315.88 X .33) = $2,335,195.31

 

Option
B electors comprising 15% of outstanding shares (67,356 shares) receive:

 

AEBV
per share of $5.80 X2 = $11.60, plus $.6205 (Premises), plus $.3340 for NOL Tax Benefit = $12.5545 per share

 

Total
B-($12.5545 X 67,356) = $845,620.90

 

New
Pubco common stock: $4,670,390.63

 

Option
A cash: $2,335,195.31

 

Option
B cash: $845,620.90

 

TOTAL
$7,851.206.84

 

     

     

    

 

EXHIBIT
A

 

17-16-1302
of the Wyoming Business Corporation Act

 

§
17-16-1302. Right to appraisal.

 

(a)
A shareholder is entitled to appraisal rights, and to obtain payment of the fair value of his shares in the event of, any of the following
corporate actions:

 

(i)
Consummation of a plan of merger or consolidation to which the corporation is a party if:

 

(A)
Shareholder approval is required for the merger or the consolidation by W.S. 17-16-1104 or 17-16-1111 and the shareholder is entitled
to vote on the merger or consolidation, except that appraisal rights shall not be available to any shareholder of the corporation with
respect to shares of any class or series that remain outstanding after consummation of the merger; or

 

(B)
The corporation is a subsidiary that is merged with its parent under W.S. 17-16-1105.

 

(ii)
Consummation of a share exchange to which the corporation is a party as the corporation whose shares will be acquired, if the shareholder
is entitled to vote on the exchange, except that appraisal rights shall not be available to any shareholder of the corporation with respect
to any class or series of shares of the corporation that is not exchanged;

 

(iii)
Consummation of a disposition of assets pursuant to W.S. 17-16-1202 if the shareholder is entitled to vote on the disposition;

 

(iv)
An amendment of the articles of incorporation with respect to a class or series of shares that:

 

(A)
Alters or abolishes a preferential right of the shares;

 

(B)
Creates, alters or abolishes a right in respect of redemption, including a provision respecting a sinking fund for the redemption or
repurchase, of the shares;

 

(C)
Alters or abolishes a preemptive right of the holder of the shares to acquire shares or other securities;

 

(D)
Excludes or limits the right of the shares to vote on any matter, or to cumulate votes, other than a limitation by dilution through issuance
of shares or other securities with similar voting rights; or

 

(E)
Reduces the number of shares of a class or series owned by the shareholder to a fraction of a share if the corporation has the obligation
or right to repurchase the fractional share so created.

 

(v)
Any other amendment to the articles of incorporation, merger, share exchange or disposition of assets if specifically provided in the
articles of incorporation, bylaws or a resolution of the board of directors;

 

     

     

    

 

(vi)
Consummation of a transfer or domestication if the shareholder does not receive shares in the foreign corporation resulting from the
transfer or domestication that have terms as favorable to the shareholder in all material respects, and represent at least the same percentage
interest of the total voting rights of the outstanding shares of the corporation, as the shares held by the shareholder before the transfer
or domestication;

 

(vii)
Consummation of a conversion of the corporation to nonprofit status; or

 

(viii)
Consummation of a conversion of the corporation to an unincorporated entity.

 

(b)
Notwithstanding subsection (a) of this section, the availability of appraisal rights under paragraphs (a)(i), (ii), (iii), (iv), (vi)
and (viii) of this section shall be limited in accordance with the following provisions:

 

(i)
Appraisal rights shall not be available for the holders of shares of any class or series of shares which is:

 

(A)
A covered security under section 18(b)(1)(A) or (B) of the Securities Act of 1933, as amended; or

 

(B)
Traded in an organized market and has at least two thousand (2,000) shareholders and a market value of at least twenty million dollars
($20,000,000.00), exclusive of the value of such shares held by the corporation's subsidiaries, senior executives, directors and beneficial
shareholders owning more than ten percent (10%) of such shares; or

 

(C)
Issued by an open end management investment company registered with the Securities and Exchange Commission under the Investment Company
Act of 1940 and may be redeemed at the option of the holder at net asset value.

 

(ii)
The applicability of paragraph (i) of this subsection shall be determined as of:

 

(A)
The record date fixed to determine the shareholders entitled to receive notice of, and to vote at, the meeting of shareholders to act
upon the corporate action requiring appraisal rights; or

 

(B)
The day before the effective date of such corporate action if there is no meeting of shareholders.

 

(iii)
Paragraph (i) of this subsection shall not be applicable and appraisal rights shall be available pursuant to subsection (a) of this section
for the holders of any class or series of shares who are required by the terms of the corporate action requiring appraisal rights to
accept for such shares anything other than cash or shares of any class or any series of shares of any corporation, or any other proprietary
interest of any other entity, that satisfies the standards set forth in paragraph (i) of this subsection at the time the corporate action
becomes effective;

 

(iv)
Reserved.

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