Document:

Exhibit 10.3 

EXCHANGE AGREEMENT

 

THIS EXCHANGE AGREEMENT (the “Agreement”) is dated as of December 28, 2021, by and between Galaxy Next Generation, Inc., a Nevada corporation, with headquarters located at 285 N Big A Road Toccoa, Georgia 30577 (the “Company”), and Carl Austin, with a mailing address of  XXXXXXXXXXX (the “Investor”).

 WHEREAS:

A. The Investor holds a bridge note issued by the Company in the principal amount of $400,000 (the “Note”);

B. The Company and the Investor desire to enter into this Agreement, pursuant to which, among other things, the Company and the Investor shall exchange the Note (including the principal and accrued interest thereon) for 2,750 shares of the Company’s Series F Preferred stock, $.001 par value (the “Preferred Shares”); and

C. The exchange of the Note for the Preferred Shares is being made in reliance upon the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended (the “1933 Act”).

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

1. EXCHANGE.

1.1 Exchange. The Investor and the Company, pursuant to Section 3(a)(9) of the 1933 Act, hereby exchange the Note for the Preferred Shares without the payment of any additional consideration. 

1.2 Delivery. In exchange for the Note, the Company shall deliver or cause to be delivered to the Investor the Preferred Shares. 

2. COMPANY REPRESENTATIONS AND WARRANTIES.

2.1 Authorization and Binding Obligation. The Company has the requisite power and authority to enter into and perform its obligations under this Agreement and to issue the Preferred Shares in accordance with the terms hereof. The execution and delivery of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby, including, without limitation, the issuance of the Preferred Shares, have been duly authorized by the Company's Board of Directors and no further filing, consent, or authorization is required by the Company, its Board of Directors or its stockholders. This Agreement has been duly executed and delivered by the Company, and constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors' rights and remedies and except as rights to indemnification and to contribution may be limited by federal or state securities laws.

2.2 No Conflict. The execution, delivery and performance of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance of the Preferred Shares) will not (i) result in a violation of the certificate of incorporation or bylaws of the Company, (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company or any of its subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including foreign, federal and state securities laws and applicable to the Company or any of its subsidiaries or by which any property or asset of the Company or any of its subsidiaries is bound or affected except, in the case of clause (ii) or (iii) above, to the extent such violations that could not reasonably be expected to have a material adverse effect on the Company or its subsidiaries.

 

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2.3 Securities Law Exemptions. Assuming the accuracy of the representations and warranties of the Investor contained herein, the offer and issuance by the Company of the Preferred Shares is exempt from registration pursuant to the exemption provided by Section 3(a)(9) of the Securities Act.

2.4 Issuance of Securities. The issuance of the Preferred Shares is duly authorized and upon issuance, in accordance with the terms of this Agreement, shall be validly issued, fully paid and non-assessable and free from all taxes, liens, charges and other encumbrances with respect to the issue thereof with the holders being entitled to all rights accorded to a holder of Common Stock.

2.5 Transfer Taxes. All share transfer or other taxes (other than income or similar taxes) which are required to be paid in connection with the issuance of the Preferred Shares to be exchanged with the Investor hereunder will be, or will have been, fully paid or provided for by the Company, and all laws imposing such taxes will be or will have been complied with.

3. INVESTOR’S REPRESENTATIONS AND WARRANTIES.

As a material inducement to the Company to enter into this Agreement and consummate the Exchange, Investor represents, warrants and covenants with and to the Company as follows:

3.1 Authorization and Binding Obligation. The Investor has the requisite legal capacity, power and authority to enter into, and perform under, this Agreement and to exchange the Note for the Preferred Shares being issued to such Investor hereunder. The execution, delivery and performance of this Agreement and the consummation by such Investor of the transactions contemplated hereby have been duly authorized by all requisite corporate, partnership or similar action on the part of such Investor and no further consent or authorization is required. This Agreement has been duly authorized, executed and delivered by the Investor and constitutes the legal, valid and binding obligation of the Investor, enforceable against the Investor in accordance with its terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors' rights and remedies and except as rights to indemnification and to contribution may be limited by federal or state securities laws.

3.2 Beneficial Owner.  The Investor owns, good and marketable title to the Note, free and clear of any liens or encumbrances and the Note has not been pledged to any third party. The Investor has not sold, assigned, conveyed, transferred, mortgaged, hypothecated, pledged or encumbered or otherwise permitted any lien to be incurred with respect to the Note, the Preferred Shares or any portion thereof. 

3.3 Sale or Transfer.  The Investor has not entered into any agreement or understanding with any person or entity to dispose of the Preferred Shares. The exchange by the Investor and the consummation of the transaction contemplated herein does not by itself or with the passage of time violate or infringe upon the rights of any third parties or result or could reasonably result in any claims against the Investor or the Company. 

3.4 Proceedings.  No proceedings relating to the Note are pending or, to the knowledge of the Investor, threatened before any court, arbitrator or administrative or governmental body that would adversely affect the Investor’s right and ability to surrender and exchange the Note for the Preferred Shares.

3.5 Reliance on Exemptions. The Investor understands that the Preferred Shares being offered and exchanged in reliance on specific exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying in part upon the truth and accuracy of, and the Investor’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of the Investor set forth herein in order to determine the availability of such exemptions and the eligibility of the Investor to acquire the Preferred Shares.

3.6 No Governmental Review. The Investor understands that no United States federal or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the Preferred Shares or the fairness or suitability of the investment in the Preferred Shares nor have such authorities passed upon or endorsed the merits of an investment in the Preferred Shares.

 

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3.7 No Conflicts. The execution, delivery and performance by the Investor of this Agreement and the consummation by the Investor of the transactions contemplated hereby will not (i) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Investor is a party, or (ii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws) applicable to the Investor, except in the case of clause (i) or (ii) above, for such conflicts, defaults, rights or violations which would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of the Investor to perform its obligations hereunder.

 

3.8 No Public Sale or Distribution.  The Investor (i) is acquiring the Preferred Shares and (ii) upon conversion of the Preferred Shares, will acquire the Company’s common stock issuable upon conversion thereof (the “Conversion Shares”), in each case, for its own account and not with a view towards, or for resale in connection with, the public sale or distribution thereof in violation of applicable securities laws, except pursuant to sales registered or exempted under the Securities Act of 1933. The Investor does not presently have any agreement or understanding, directly or indirectly, with any person to distribute any of the Preferred Shares, for its own account and not with a view towards, or for resale in connection with, the public distribution of the Preferred Shares in violation of applicable securities laws.   

3.9 Information.  The Investor and its advisors, if any, have been furnished with all materials relating to the business, finances and operations of the Company and materials relating to the offer and sale of the Preferred Shares which have been requested by the Investor.  The Investor and its advisors, if any, have been afforded the opportunity to ask questions of the Company. The Investor understands that its investment in the Preferred Shares involves a high degree of risk. The Investor has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect to its acquisition of the Preferred Shares.  

3.10 Accredited Investor.  The Investor is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D and would not be disqualified under Rule 506(d) of the 1933 Act on the basis of being a "bad actor", as that term is established in the September 19, 2013 Small Entity Compliance Guide published by the Securities and Exchange Commission.

3.11 Transfer or Resale.  The Investor understands that: (i) the Preferred Shares have not been and are not being registered under the Securities Act of 1933 or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (A) subsequently registered thereunder, (B) the Investor shall have delivered to the Company (if requested by the Company) an opinion of counsel to the Investor, in a form reasonably acceptable to the Company, to the effect that the Preferred Shares to be sold, assigned or transferred may be sold, assigned or transferred pursuant to an exemption from such registration, or (C) the Investor provides the Company with reasonable assurance that the Preferred Shares can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A promulgated under the Securities Act of 1933 (or a successor rule thereto) (collectively, “Rule 144”); (ii) any sale of the Preferred Shares made in reliance on Rule 144 may be made only in accordance with the terms of Rule 144. 

4. MISCELLANEOUS.

4.1 Legends. The Investor acknowledges that the certificate(s) representing the Preferred Shares and any Conversion Shares issued thereunder shall each conspicuously set forth on the face or back thereof a legend in substantially the following form:

“THESE SHARES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE RULES AND REGULATIONS PROMULGATED THEREUNDER, OR UNDER THE SECURITIES LAWS, RULES OR REGULATIONS OF ANY STATE; AND MAY NOT BE PLEDGED, HYPOTHECATED, SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SHARES UNDERLYING THE NOTE UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, RULES OR REGULATIONS OR AN EXEMPTION THEREFROM DEEMED ACCEPTABLE BY COUNSEL TO THE COMPANY AND AN OPINION OF COUNSEL TO SUCH EFFECT.”

 

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4.2 Governing Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of Georgia, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Georgia or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Georgia. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in Stephens County, Georgia, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

4.3 Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together will constitute one and the same Agreement.  This Agreement, to the extent delivered by means of a facsimile machine or electronic mail (any such delivery, an “Electronic Delivery”), shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person.  At the request of any party hereto, each other party hereto shall re-execute original forms hereof and deliver them in person to all other parties.  No party hereto shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such party forever waives any such defense, except to the extent such defense related to lack of authenticity.

4.4 Headings. The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this Agreement.

4.5 Severability. If any provision of this Agreement is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall not affect the validity of the remaining provisions of this Agreement so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. The parties will endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s).

4.6 Entire Agreement; Amendments. This Agreement supersedes all other prior oral or written agreements between the Investor, the Company, their affiliates and persons acting on their behalf with respect to the matters discussed herein, and this Agreement, contains the entire understanding of the parties with respect to the matters covered herein and, except as specifically set forth herein, neither the Company nor the Investor makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be amended other than by an instrument in writing signed by the Company and the Investor, and any amendment to this Agreement made in conformity with the provisions of this Section shall be binding upon the Investor.  No provision hereof may be waived other than by an instrument in writing signed by the party against whom enforcement is sought. 

 

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4.7 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns, including any purchasers of the Preferred Shares. The Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Investor. The Investor may assign some or all of its rights hereunder without the consent of the Company.

4.8 Construction.  The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party. No specific representation or warranty shall limit the generality or applicability of a more general representation or warranty.

IN WITNESS WHEREOF, the Investor and the Company have caused their respective signature pages to this Agreement to be duly executed as of the date first written above.

			
	 	COMPANY:

	 	GALAXY NEXT GENERATION, INC.

	 	By:

	  ____________________________

	 	Name: 

	 	Title: 

					
	 	INVESTOR:

	 	 	 

By: ________________________________

Name: 

Title: 

 

-5-Exhibit
10.6

 

MEMBERSHIP
INTEREST SALE AGREEMENT

 

This
Membership Interest Sale Agreement (the “Agreement”) is made and entered into this 2nd day of December 2021(the
“Effective Date”) by and among The Glimpse Group, Inc., a Nevada corporation (“Buyer”), Sector 5 Digital, LLC,
a Texas limited liability company (“S5D” or the “Company”), and Jeff Meisner (“Meisner”), Jeff Meade
(“Meade”), Doug Fidler (“Fidler”), and Brandy Cardwell (“Cardwell” and together with Meisner, Meade,
and Fidler, “Sellers”). Capitalized terms used herein but not otherwise defined have the meanings ascribed to such terms
in Appendix A attached hereto.

 

Whereas,
Sellers collectively own all of the membership interests of S5D (the “Membership Interests”); and

 

Whereas,
Buyer wishes to purchase all of the Membership Interests and Sellers wish to sell such Membership Interests;

 

Now,
therefore, in consideration of the mutual covenants contained herein, together with other good and sufficient consideration, the receipt
and sufficiency of which is herewith acknowledged, the Parties, intending to be mutually bound, agree as follows:

 

		1.	Sale.
                                            Each Seller agrees to sell, assign, transfer and deliver to Buyer, and Buyer agrees to purchase
                                            from such Seller on the Closing Date, all of the right title and interests of such Seller’s
                                            Membership Interest as set forth on Schedule 1 attached hereto, free and clear of all Encumbrances.

 

		2.	Purchase
                                            Price. The purchase price (“Purchase Price”) shall be as follows:

 

		a.	$4,000,000
                                            cash (the “Cash Payment”) paid to Sellers in accordance with Schedule 1 attached
                                            hereto in immediately available funds on the Closing Date.

 

		b.	$2,000,000
                                            cash placed in escrow by Buyer pursuant to the Escrow Agreement (the “Escrowed Cash”).
                                            The Escrowed Cash to be released as follows:

 

		i.	$1,000,000
                                            shall be released to Sellers when S5D has generated $6,000,000 in Aggregate Recognized Revenue
                                            after the Closing Date, subject to such revenue being generated prior to the third anniversary
                                            of the Closing Date.

 

		ii.	$1,000,000
                                            shall be released to Sellers when S5D has generated $8,000,000 in Aggregate Recognized Revenue
                                            after the Closing Date, subject to such revenue being generated prior to the third anniversary
                                            of the Closing Date.

 

		iii.	On
                                            the third anniversary of the Closing Date, any Escrowed Cash remaining in escrow shall be
                                            released to Buyer.

 

		iv.	In
                                            the event of a Liquidation Event prior to the third anniversary of the Closing Date, all
                                            Escrowed Cash then in escrow shall immediately be released to Sellers.

 

		v.	“Aggregate
                                            Recognized Revenue” shall mean:

 

		1.	all
                                            revenue of S5D for so long as S5D operates as a direct or indirect wholly-owned subsidiary
                                            of Buyer.

 

		2.	any
                                            revenue attributable to the product lines and technologies of S5D as of the Closing Date
                                            if the business of S5D is not operated as a direct or indirect wholly-owned subsidiary of
                                            Buyer.

 

		3.	If
                                            S5D gains the business but uses resources from other Buyer companies to produce the deliverables,
                                            all of the revenue associated with the business shall be counted as Aggregate Recognized
                                            Revenue; provided, that, the costs associated with utilizing such resources shall be debited
                                            from the internal profit and loss statement of S5D for the applicable period.

 

		4.	Should
                                            Sellers present to Buyer potentially profitable business opportunities to Buyer after the
                                            Closing Date, Buyer shall not unreasonably decline to pursue such business opportunities.

 

		5.	For
                                            purposes of this definition, all revenue shall be recognized in accordance with GAAP.

 

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		c.	277,201
                                            shares of Common stock of Buyer shall be given to the Escrow Agent pursuant to the Escrow
                                            Agreement by Buyers on the Effective Date (the “Closing Buyer Shares”), such
                                            Closing Buyer Shares shall be released to Sellers upon the release of the Seller Closing
                                            Deliveries in accordance with Section 3 hereof and be subject to a 12-month lockup from the
                                            Closing Date pursuant to Lockup Agreements executed by each Seller (the “Lockup Agreements”).

 

		d.	Common
                                            stock of Buyer (“Buyer Shares”) worth $3,000,000 worth shall be issued to Sellers
                                            if S5D has generated $4,000,000 in Aggregate Recognized Revenue on or before the first anniversary
                                            of the Closing Date; provided, that, if this has not occurred by the first anniversary of
                                            the Closing Date, then on that date, provided that S5D has generated at least $3,000,000
                                            in Aggregate Recognized Revenue by such date, then Buyer Shares equal to the percentage that
                                            the Aggregate Recognized Revenue as of such date is of $4,000,000 shall be issued to Sellers
                                            on that date. For example, should S5D have generated $3,600,000 in Aggregate Recognized Revenue
                                            by the first anniversary of the Closing Date, Buyer would issue $2,700,000 (i.e., 90%) worth
                                            of Buyer Shares to Sellers. The number of Buyer Shares shall be calculated based upon the
                                            weighted average closing price of the Buyer Shares, as quoted on Nasdaq, for the thirty consecutive
                                            trading days prior to the anniversary date, such weighting to be based on the trading volume,
                                            as reported on Nasdaq, for each such trading day; provided that notwithstanding such calculation,
                                            such price shall not be less than the Buyer’s July 1, 2021 Initial Public Offering
                                            price of $7.00 per share and all per share amounts shall be adjusted to reflect stock splits
                                            and similar events (the “VWAP Calculation”).

 

		e.	$4,000,000
                                            worth of Buyer Shares shall be issued to Sellers if S5D has generated $10,000,000 in Aggregate
                                            Recognized Revenue on or before the second anniversary of the Closing Date; provided, that,
                                            if this has not occurred by the second anniversary of the Closing Date, then on that date,
                                            provided that S5D has generated at least $7,500,000 in Aggregate Recognized Revenue as of
                                            such date, then Buyer Shares equal to the percentage that the Aggregate Recognized Revenue
                                            is of $10,000,000 shall be issued to Sellers on that date. For example, should S5D have generated
                                            $8,500,000 in Aggregate Recognized Revenue by the second anniversary of the Closing Date,
                                            Buyer would issue $3,400,000 (i.e., 85%) worth of Buyer Shares to Sellers.

 

		f.	$5,000,000
                                            worth of Buyer Shares shall be issued to Sellers if S5D has generated $15,000,000 in Aggregate
                                            Recognized Revenue on or before the third anniversary of the Closing Date; provided, that,
                                            if this has not occurred by the third anniversary of the Closing Date, then on that date,
                                            provided that S5D has generated at least $11,250,000 in Aggregate Recognized Revenue as of
                                            such date, then Buyer Shares equal to the percentage that the Aggregate Recognized Revenue
                                            is of $15,000,000 shall be issued to Sellers on that date. For example, should S5D have generated
                                            $12,000,000 in Aggregate Recognized Revenue by the third anniversary of the Closing Date,
                                            Buyer would issue $4,000,000 (i.e., 80%) worth of Buyer Shares to Sellers.

 

		g.	$5,000,000
                                            worth of Buyer Shares shall be issued to Sellers if the Buyer generates $20,000,000 in Aggregate
                                            Recognized Revenue on or before the third anniversary of the Closing Date.

 

		h.	On
                                            the third anniversary of the Closing Date, Buyer Shares in the amounts contemplated pursuant
                                            to Sections 2(d) and (e) shall be issued to Sellers if the Sellers have received less than
                                            100% of the allotment of shares on the first or second anniversaries of the Closing Date
                                            pursuant to Sections 2(d) and (e), but achieve the Aggregate Recognized revenue targets for
                                            those anniversary dates on or before the third anniversary of the Closing Date. Sellers’
                                            opportunities to earn Buyer Shares under this Agreement expire on the day after the third
                                            anniversary of the Closing Date.

 

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		i.	The
                                            number of Buyer Shares to be issued in each of the above sections, 2(d) through 2(h), shall
                                            be calculated based upon the VWAP Calculation based upon the 30 days prior to the dates referenced
                                            above in Sections 2(d)-(h)

 

		j.	If
                                            there is a Liquidation Event on or before the third anniversary of the Closing Date, (i)
                                            the $5,000,000 worth of Buyer Shares referenced in Section 2(g) shall become fully accelerated
                                            and due and the S5D performance items and associated stock grants (Sections 2(d), (e), (f),
                                            and (h)) shall survive and become a binding obligation of the acquirer of Buyer and (ii)
                                            any cash remaining in escrow shall be released to Sellers.

 

		k.	In
                                            the event that the PPP Loan is forgiven in whole or in part, cash in an amount equal to such
                                            forgiven amount shall be distributed to Sellers, it being understood and agreed that such
                                            distribution shall not be a distribution of Escrowed Cash.

 

		3.	Closing.
                                            The Closing Date shall be on January 31, 2022, or such other date based upon the written
                                            recommendation of the Auditors preparing the Audited Financial Statement that sufficient
                                            progress has been made regarding the preparation of the Audited Financial Statements (the
                                            “Closing Date”), it being understood and agreed that the only basis for delaying
                                            the Closing Date shall be a delay in the delivery of the Audited Financial Statements. The
                                            Parties shall exchange the Sellers’ Closing Deliveries a, c, d and Buyer’s Closing
                                            Deliveries a(i) and a(ii) on the Effective Date and Sellers’ Closing Delivery b, e,
                                            and f and Buyers Closing Deliveries a(iii) on the Business Day immediately preceding the
                                            Closing Date (the “Pre-Closing Date”), such deliveries to be held in escrow pending
                                            written instructions from the Parties to release such deliveries. For financial and tax accounting
                                            purposes, the closing shall be deemed to be effective as of 12:01 a.m. the Closing Date.

 

		4.	Sellers’
                                            Closing Deliveries. 

 

		a.	the
                                            company records of S5D including the membership agreement pursuant to which the Membership
                                            Interests were issued;

 

		b.	Lockup
                                            Agreements executed by each Seller;

 

		c.	the
                                            Escrow Agreement executed by each Seller;

 

		d.	the
                                            Employment Agreements executed by each Seller; and

 

		e.	a
                                            certificate signed by the Sellers (i) stating that the representations of Sellers contained
                                            in Sections 8(a), 8(b), and clause b of Section8(j), qualified as to materiality, are true
                                            and correct, as of the Closing Date, (ii) certifying that the Company has not breached on
                                            or before the Closing Date the consent contained in Section 11; (iii) certifying that the
                                            attached Organizational Documents are true, correct and complete and are in full force and
                                            effect; and (iv) certifying that the attached resolutions adopted by the members and managers
                                            of the Company approving this Agreement and the transactions contemplated hereby are true,
                                            correct and complete and are in full force and effect.

 

		f.	Company
                                            share certificates transferring membership to Buyer

 

		5.	Buyer’s
                                            Closing Deliveries.

 

		a.	

 

		i.	the
                                            Escrow Agreement executed by Buyer;

 

		ii.	the
                                            Meisner Employment Agreement executed by Buyer; and

 

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		iii.	a
                                            certificate signed by Buyer in the form attached as Exhibit A hereto (i) stating that the
                                            representations of Buyer, qualified as to materiality, are true and correct as of the Closing
                                            Date, and (ii) certifying that the attached resolutions adopted by the majority of its shareholders
                                            and of its directors of the Company approving this Agreement and the transactions contemplated
                                            hereby are true, correct and complete and are in full force and effect.

 

		b.	On
                                            the Closing Date, subject to release of the Seller Closing Deliveries, Buyer shall deliver:

 

		i.	the
                                            Cash Payment in the amount of $4,000,000 to Sellers; and

 

		ii.	the
                                            $2,000,000 escrow payment to the Escrow Agent pursuant to the Escrow Agreement.

 

		6.	Announcement.
                                            Buyer, at its discretion, may issue or cause the publication of any press release or public
                                            announcement with respect to this Agreement or the transactions contemplated hereby without
                                            the consent of Sellers.

 

		7.	Anti-Dilution.
                                            Buyer hereby acknowledges that there are currently no anti-dilution agreements in place
                                            associated with any of the issued Buyer Shares. Sellers acknowledge and agreed that the Buyer
                                            Shares issued to them under this Agreement shall not be protected against possible future
                                            dilution.

 

		8.	Representations
                                            of Sellers.Each of the Sellers, jointly and severally, represents and warrants to
                                            the Buyer that the statements contained in this Section 8 are materially true and correct
                                            as of the Effective Date.

 

		a.	Authority
                                            of the Sellers. Such Sellers have the requisite legal capacity, power and authority to:
                                            (i) execute and deliver this Agreement and any Ancillary Document to which Sellers are a
                                            party; (ii) perform his, her or its obligations hereunder and thereunder; and (iii) consummate
                                            the transactions contemplated hereby and thereby. This Agreement constitutes a legal, valid
                                            and binding obligation of Sellers enforceable against Sellers in accordance with its terms.
                                            When each other Ancillary Document to which Sellers are or will be a party has been duly
                                            executed and delivered by Sellers (assuming due authorization, execution and delivery by
                                            each other party thereto), such Ancillary Document will constitute a legal and binding obligation
                                            of Sellers enforceable against it in accordance with its terms.

 

		b.	Ownership
                                            of Membership Interests. Sellers have good and valid title to the Membership Interests
                                            to be sold by hereunder, free and clear of all Encumbrances, and, upon delivery of the certificates
                                            representing such Membership Interests and payment therefor pursuant hereto, good and valid
                                            title to the Membership Interests, free and clear of all Encumbrances, will pass to Buyer.
                                            The Membership Interests constitute Sellers’ separate property or Sellers have obtained
                                            any requisite consent of Sellers’ spouse necessary to sell any Membership Interests
                                            that constitute community property of Sellers and Sellers’ spouse.

 

		c.	Authorization
                                            of Agreement by the Company.The Company has all requisite limited liability company
                                            power and authority to execute and deliver this Agreement and each other agreement, document,
                                            or instrument or certificate provided for by this Agreement or to be executed by the Company
                                            in connection with the consummation of the transactions provided for by this Agreement, and
                                            to consummate the transactions provided for hereby and thereby, including the sale of the
                                            Membership Interests Sellers to Buyer.

 

    	Page 4 of 22

     

    

 

		d.	Capitalization.

 

		i.	The
                                            Membership Interests constitute 100% of the total issued and outstanding membership interests
                                            in S5D. The Membership Interests have been duly authorized and are validly issued, fully-paid
                                            and non-assessable.

 

		ii.	The
                                            Membership Interests were issued in compliance with applicable Laws. The Membership Interests
                                            were not issued in violation of the Organizational Documents of S5D or any other agreement,
                                            arrangement, or commitment to which Sellers are a party and are not subject to or in violation
                                            of any preemptive or similar rights of any Person.

 

		iii.	There
                                            are no outstanding or authorized options, warrants, convertible securities or other rights,
                                            agreements, arrangements or commitments of any character relating to any membership interests
                                            in S5D or obligating Seller or S5D to issue or sell any membership interests (including the
                                            Membership Interests), or any other interest, in S5D. Other than the Organizational Documents,
                                            there are no voting trusts, proxies or other agreements or understandings in effect with
                                            respect to the voting or transfer of any of the Membership Interests.

 

		e.	No
                                            Conflicts; Consents. The execution, delivery and performance by S5D and Sellers of this
                                            Agreement and the Ancillary Documents to which they are a party, and the consummation of
                                            the transactions contemplated hereby and thereby, do not and will not: (a) conflict with
                                            or result in a violation or breach of, or default under, any provision of the certificate
                                            of incorporation, by-laws or other Organizational Documents of S5D; (b) conflict with or
                                            result in a violation or breach of any provision of any Law or Governmental Order applicable
                                            to S5D; (c) require the consent, notice or other action by any Person under, conflict with,
                                            result in a violation or breach of, constitute a default or an event that, with or without
                                            notice or lapse of time or both, would constitute a default under, result in the acceleration
                                            of or create in any party the right to accelerate, terminate, modify or cancel any Contract
                                            to which 5SD is a party or by which 5SD is bound or to which any of its properties and assets
                                            are subject or any Permit affecting the properties, assets or business of S5D; or (d) result
                                            in the creation or imposition of any Encumbrance other than Permitted Encumbrances on any
                                            properties or assets of S5D. No consent, approval, Permit, Governmental Order, declaration
                                            or filing with, or notice to, any Governmental Authority is required by or with respect to
                                            S5D in connection with the execution and delivery of this Agreement and the Ancillary Documents
                                            and the consummation of the transactions contemplated hereby and thereby.

 

		f.	Material
                                            Contracts.

 

		i.	Section
                                            9(f) of the Disclosure Schedules lists all of the Contracts to which S5D involving an amount
                                            in excess of $100,000 (the “Material Contracts”).

 

		ii.	Each
                                            Material Contract is valid and binding on S5D in accordance with its terms and is in full
                                            force and effect. None of S5D or, to S5D’s Knowledge, any other party thereto is in
                                            breach of or default under (or is alleged to be in breach of or default under) or has provided
                                            or received any notice of any intention to terminate, any Material Contract. No event or
                                            circumstance has occurred that, with notice or lapse of time or both, would constitute an
                                            event of default under any Material Contract or result in a termination thereof or would
                                            cause or permit the acceleration or other changes of any right or obligation or the loss
                                            of any benefit thereunder. Complete and correct copies of each Material Contract (including
                                            all modifications, amendments and supplements thereto and waivers thereunder) have been made
                                            available to the Buyer.

 

		g.	Customers
                                            and Suppliers.

 

		i.	Section
                                            9(g)(i) of the Disclosure Schedules sets forth (i) each customer who has paid aggregate consideration
                                            to the Company for goods or services rendered in an amount greater than or equal to $100,000
                                            for each of the two (2) most recent fiscal years (collectively, the “Material Customers”);
                                            and (ii) the amount of consideration paid by each Material Customer during such periods.
                                            The Company has not received any notice, and has no reason to believe, that any of its Material
                                            Customers has ceased, or intends to cease after the Closing Date, to use its goods or services
                                            or to otherwise terminate or materially reduce its relationship with the Company.

 

    	Page 5 of 22

     

    

 

		ii.	Section
                                            9(g)(ii) of the Disclosure Schedules sets forth (i) each supplier to whom the Company has
                                            paid consideration for goods or services rendered in an amount greater than or equal to $10,000
                                            for each of the two (2) most recent fiscal years (collectively, the “Material Suppliers”);
                                            and (ii) the amount of purchases from each Material Supplier during such periods. Except
                                            as set forth in Section 3.14(b) of the Disclosure Schedules, the Company has not received
                                            any notice, and has no reason to believe, that any of its Material Suppliers has ceased,
                                            or intends to cease, to supply goods or services to the Company or to otherwise terminate
                                            or materially reduce its relationship with the Company.

 

		h.	Financial
                                            Statements.

 

		i.	Complete
                                            copies of the Company’s financial statements consisting of the balance sheet of the
                                            Company as at December 31 in each of the years 2020 and 2019 and the related statements of
                                            income and retained earnings, stockholders’ equity and cash flow for the years then
                                            ended (the “Annual Financial Statements”), and unaudited financial statements
                                            consisting of the balance sheet of the Company as at September 30, 2021 and the related statements
                                            of income and retained earnings, stockholders’ equity and cash flow for the nine-month
                                            period then ended (the “Interim Financial Statements” and together with the Annual
                                            Financial Statements, the “Financial Statements”) are included in the Disclosure
                                            Schedules. The Financial Statements have not been prepared in accordance with GAAP. The Financial
                                            Statements are based on the books and records of the Company, and fairly present the financial
                                            condition of the Company as of the respective dates they were prepared and the results of
                                            the operations of the Company for the periods indicated. The balance sheet of the Company
                                            as of December 31, 2020 is referred to herein as the “Balance Sheet” and the
                                            date thereof as the “Balance Sheet Date” and the balance sheet of the Company
                                            as of September 30, 2021 is referred to herein as the “Interim Balance Sheet”
                                            and the date thereof as the “Interim Balance Sheet Date.”

 

		i.	Bank
                                            Account Statements. True, correct and complete copies of all bank account statements
                                            of the Company as of the date hereof are set forth in Section 9(i) of the Disclosure Schedules.

 

		j.	Undisclosed
                                            Liabilities.

 

The
Company has no material liabilities, obligations or commitments of any nature whatsoever, asserted or unasserted, known or unknown, absolute
or contingent, accrued or unaccrued, matured or unmatured or otherwise (“Liabilities”), except (a) those which are adequately
reflected or reserved against in the Balance Sheet as of the Balance Sheet Date, and (b) those which have been incurred in the ordinary
course of business consistent with past practice since the Balance Sheet Date and which are not, individually or in the aggregate, material
in amount.

 

		k.	Legal
                                            Proceedings.

 

There
are no Actions pending or, to Company’s Knowledge, threatened (a) against or by the Company affecting any of its properties or
assets (or by or against Company or any Affiliate thereof and relating to the Company) or against or by any Material Customer or Material
Supplier; or (b) against or by the Company, or any Affiliate of Company, Material Customer or Material Supplier that challenges or seeks
to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No event has occurred or circumstances exist that
may reasonably give rise to, or serve as a basis for, any such Action.

 

		l.	Governmental
                                            Orders. There are no outstanding Governmental Orders and no unsatisfied judgments, penalties
                                            or awards against or affecting the Company or any of its properties or assets. The Company
                                            is in compliance with the terms of each Governmental Order set forth in Section 9(1) of the
                                            Disclosure Schedules. No event has occurred or circumstances exist that may constitute or
                                            result in (with or without notice or lapse of time) a violation of any such Governmental
                                            Order.

 

    	Page 6 of 22

     

    

 

		m.	Intellectual
                                            Property.

 

		i.	Section
                                            9(m)(i) of the Disclosure Schedules contains a correct, current, and complete list of: (i)
                                            all Company IP Registrations (including all assignments related thereto), specifying the
                                            issue, registration, or filing date, and the current status; (ii) all unregistered Trademarks
                                            included in the Company Intellectual Property; (iii) all proprietary software of the Company.

 

		ii.	Most
                                            customer contracts reference the ideas contained in Disclosure Schedule 9(m)(ii). All contracts
                                            have been available for Buyer review during due diligence. Each Company IP Agreement is valid
                                            and binding on the Company in accordance with its terms and is in full force and effect.
                                            Neither the Company nor any other party thereto is, or is alleged to be, in breach of or
                                            default under, or has provided or received any notice of breach of, default under, or intention
                                            to terminate (including by non-renewal), any Company IP Agreement.

 

		iii.	The
                                            Company is the sole and exclusive legal and beneficial, and with respect to the Company IP
                                            Registrations, record, owner of all right, title, and interest in and to the Company Intellectual
                                            Property, and has the valid and enforceable right to use all other Intellectual Property
                                            used or held for use in or necessary for the conduct of the Company’s business as currently
                                            conducted and as proposed to be conducted, in each case, free and clear of Encumbrances other
                                            than Permitted Encumbrances. The Company has entered into binding, valid and enforceable,
                                            written Contracts as contained in Disclosure Schedule 9(m)(iii) with all current employees
                                            and independent contractors and most former employees and independent contractors. The Company
                                            has made available true and complete copies of all such Contracts to Buyer.

 

		iv.	Neither
                                            the execution, delivery nor performance of this Agreement, nor the consummation of the transactions
                                            contemplated hereunder, will result in the loss or impairment of, or require the consent
                                            of any other Person in respect of, the Company’s right to own or use any Company Intellectual
                                            Property or Licensed Intellectual Property.

 

		v.	All
                                            of the Company Intellectual Property and Licensed Intellectual Property are valid and enforceable,
                                            and all Company IP Registrations are subsisting and in full force and effect. The Company
                                            has taken all necessary steps to maintain and enforce the Company Intellectual Property and
                                            Licensed Intellectual Property and to preserve the confidentiality of all Trade Secrets included
                                            in the Company Intellectual Property.

 

		vi.	The
                                            conduct of the Company’s business as currently and formerly conducted and as proposed
                                            to be conducted, including the use of the Company Intellectual Property and Licensed Intellectual
                                            Property in connection therewith, and the products, processes and services of the Company
                                            have not infringed, misappropriated or otherwise violated, and will not infringe, misappropriate
                                            or otherwise violate, the Intellectual Property or other rights of any Person. No Person
                                            has infringed, misappropriated or otherwise violated any Company Intellectual Property or
                                            Licensed Intellectual Property.

 

		vii.	There
                                            are no Actions (including any opposition, cancellation, revocation, review, or other proceeding),
                                            whether settled, pending, or threatened (including in the form of offers to obtain a license):
                                            (i) alleging any infringement, misappropriation, or other violation by the Company of the
                                            Intellectual Property of any Person; (ii) challenging the validity, enforceability, registrability,
                                            patentability, or ownership of any Company Intellectual Property or Licensed Intellectual
                                            Property or the Company’s right, title, or interest in or to any Company Intellectual
                                            Property or Licensed Intellectual Property; or (iii) by the Company or by the owner of any
                                            Licensed Intellectual Property alleging any infringement, misappropriation, or other violation
                                            by any Person of the Company Intellectual Property or such Licensed Intellectual Property.
                                            The Company is not aware of any facts or circumstances that could reasonably be expected
                                            to give rise to any such Action. The Company is not subject to any outstanding or prospective
                                            Governmental Order (including any motion or petition therefor) that does or could reasonably
                                            be expected to restrict or impair the use of any Company Intellectual Property or Licensed
                                            Intellectual Property.

 

    	Page 7 of 22

     

    

 

		viii.	Section
                                            9(m)(viii) of the Disclosure Schedules contains a correct, current, and complete list of
                                            all social media accounts used in the Company’s business. The Company has complied
                                            with all terms of use, terms of service, and other Contracts and all associated policies
                                            and guidelines relating to its use of any social media platforms, sites, or services (collectively,
                                            “Platform Agreements”). There are no Actions, whether settled, pending, or threatened,
                                            alleging any (A) breach or other violation of any Platform Agreement by the Company; or (B)
                                            defamation, violation of publicity rights of any Person, or any other violation by the Company
                                            in connection with its use of social media.

 

		ix.	All
                                            Company IT Systems are in good working condition and are sufficient for the operation of
                                            the Company’s business as currently conducted and as proposed to be conducted. There
                                            has never been any malfunction, failure, continued substandard performance, denial-of-service,
                                            or other cyber incident, including any cyberattack, or other impairment of the Company IT
                                            Systems that has resulted or is reasonably likely to result in disruption or damage to the
                                            business of the Company and that has not been remedied. The Company has taken all commercially
                                            reasonable steps to safeguard the confidentiality, availability, security, and integrity
                                            of the Company IT Systems, including implementing and maintaining appropriate backup, disaster
                                            recovery, and Software and hardware support arrangements.

 

		x.	The
                                            Company has complied with all applicable Laws and all internal or publicly posted policies,
                                            notices, and statements concerning the collection, use, processing, storage, transfer, and
                                            security of personal information in the conduct of the Company’s business. The Company
                                            has never (i) experienced any actual, alleged, or suspected data breach or other security
                                            incident involving personal information in its possession or control or (ii) been subject
                                            to or received any written notice of any audit, investigation, complaint, or other Action
                                            by any Governmental Authority or other Person concerning the Company’s collection,
                                            use, processing, storage, transfer, or protection of personal information or actual, alleged,
                                            or suspected violation of any applicable Law concerning privacy, data security, or data breach
                                            notification, and to the Company’s Knowledge, there are no facts or circumstances that
                                            could reasonably be expected to give rise to any such Action.

 

 

		n.	Employment
                                            Matters. The Company is in compliance in all material respects with Laws relating to
                                            employment.

 

		o.	Taxes.
                                            Except as set forth in Section 9(o) of the Disclosure Schedules:

 

		i.	All
                                            Tax Returns required to be filed on or before the Closing Date by S5D have been, or will
                                            be, timely filed. Such Tax Returns are, or will be, true, complete and correct in all respects.
                                            All Taxes due and owing by S5D (whether or not shown on any Tax Return) have been, or will
                                            be, timely paid.

 

		ii.	S5D
                                            has withheld and paid each Tax required to have been withheld and paid in connection with
                                            amounts paid or owing to any employee, independent contractor, creditor, customer, shareholder
                                            or other party, and complied with all information reporting and backup withholding provisions
                                            of applicable Law.

 

		iii.	No
                                            claim has been made by any taxing authority in any jurisdiction where S5D does not file Tax
                                            Returns that it is, or may be, subject to Tax by that jurisdiction.

 

    	Page 8 of 22

     

    

 

		iv.	No
                                            extensions or waivers of statutes of limitations have been given or requested with respect
                                            to any Taxes of S5D.

 

		v.	The
                                            amount of S5D’s Liability for unpaid Taxes for all periods ending on or before June
                                            30, 2021 does not, in the aggregate, exceed the amount of accruals for Taxes (excluding reserves
                                            for deferred Taxes) reflected on the Financial Statements. The amount of S5D’s Liability
                                            for unpaid Taxes for all periods following the end of the recent period covered by the Financial
                                            Statements shall not, in the aggregate, exceed the amount of accruals for Taxes (excluding
                                            reserves for deferred Taxes) as adjusted for the passage of time in accordance with the past
                                            custom and practice of S5D (and which accruals shall not exceed comparable amounts incurred
                                            in similar periods in prior years).

 

		vi.	Section
                                            9(o)(vi) of the Disclosure Schedules sets forth:

 

		1.	the
                                            taxable years of S5D as to which the applicable statutes of limitations on the assessment
                                            and collection of Taxes have not expired;

 

		2.	those
                                            years for which examinations by the taxing authorities have been completed; and

 

		3.	those
                                            taxable years for which examinations by taxing authorities are presently being conducted.

 

		vii.	All
                                            deficiencies asserted, or assessments made, against S5D as a result of any examinations by
                                            any taxing authority have been fully paid.

 

		viii.	S5D
                                            has delivered to the Buyer copies of all federal income and franchise Tax Returns and similar
                                            tax returnsfor all Tax periods ending after January 1, 2013.

 

		ix.	There
                                            are no Encumbrances for Taxes (other than for current Taxes not yet due and payable) upon
                                            the assets of S5D.

 

		x.	S5D
                                            is not a party to, or bound by, any Tax indemnity, Tax sharing or Tax allocation agreement.

 

		xi.	S5D
                                            has not been a member of an affiliated, combined, consolidated or unitary Tax group for Tax
                                            purposes. S5D has no Liability for Taxes of any Person (other than the Company) under Treasury
                                            Regulations Section 1.1502-6 (or any corresponding provision of state, local or foreign Law),
                                            as transferee or successor, by contract or otherwise.

 

		xii.	S5D
                                            is not a “foreign person” as that term is used in Treasury Regulations Section
                                            1.1445-2. The Company is not, nor has it been, a United States real property holding corporation
                                            (as defined in Section 897(c)(2) of the Code) during the applicable period specified in Section
                                            897(c)(1)(a) of the Code.

 

		xiii.	S5D
                                            has not been a “distributing corporation” or a “controlled corporation”
                                            in connection with a distribution described in Section 355 of the Code.

 

		xiv.	S5D
                                            is not, and has not been, a party to, or a promoter of, a “reportable transaction”
                                            within the meaning of Section 6707A(c)(1) of the Code and Treasury Regulations Section 1.6011
                                            4(b).

 

		xv.	There
                                            is currently no limitation on the utilization of net operating losses, capital losses, built-in
                                            losses, tax credits or similar items of S5D under Sections 269, 382, 383, 384 or 1502 of
                                            the Code and the Treasury Regulations thereunder (and comparable provisions of state, local
                                            or foreign Law).

 

    	Page 9 of 22

     

    

 

		xvi.	Section
                                            9(i)(xix) of the Disclosure Schedules sets forth all foreign jurisdictions in which S5D is
                                            subject to Tax, is engaged in business or has a permanent establishment. S5D has not entered
                                            into a gain recognition agreement pursuant to Treasury Regulations Section 1.367(a)-8. S5D
                                            has not transferred an intangible the transfer of which would be subject to the rules of
                                            Section 367(d) of the Code.

 

		xvii.	No
                                            property owned by S5D is (i) required to be treated as being owned by another Person pursuant
                                            to the so-called “safe harbor lease” provisions of former Section 168(f)(8) of
                                            the Internal Revenue Code of 1954, as amended, (ii) subject to Section 168(g)(1)(A) of the
                                            Code, or (iii) subject to a disqualified leaseback or long-term agreement as defined in Section
                                            467 of the Code.

 

		p.	Brokers.

 

No
broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with the transactions
contemplated by this Agreement or any other Ancillary Document based upon arrangements made by or on behalf of S5D.

 

		q.	Galderma
                                            Lawsuit. The lawsuit against S5D’s customer, Galderma, is described in Section
                                            9(q) of the Disclosure Schedules (the “Galderma Litigation”). A judgment in the
                                            Galderma Litigation against Galderma will not have a material adverse effect on S5D’s
                                            relationship with Galderma or the financial condition of S5D.

 

		9.	Representations
                                            of Sellers regarding the Buyer Shares.

 

		a.	Own
                                            Account. Such Seller understands that the Buyer Shares issued or issuable to such Seller
                                            hereunder (the “Stock Consideration Shares”) are “restricted securities”
                                            and have not been registered under the Securities Act or any applicable state securities
                                            law and is acquiring the Stock Consideration Shares as principal for its own account and
                                            not with a view to or for distributing or reselling such Stock Consideration Shares or any
                                            part thereof in violation of the Securities Act or any applicable state securities law, has
                                            no present intention of distributing any of such Shares in violation of the Securities Act
                                            or any applicable state securities law and has no direct or indirect arrangement or understandings
                                            with any other Persons to distribute or regarding the distribution of such Stock Consideration
                                            Shares in violation of the Securities Act or any applicable state securities law.

 

		b.	Seller
                                            Status. Each Seller (i) is an “accredited investor” as defined in Regulation
                                            D under the Securities Act or (ii) has such knowledge and experience in financial and business
                                            matters that such Seller is capable of evaluating the merits and risks of receiving the Stock
                                            Consideration Shares.

 

		b.	Experience
                                            of Such Seller. Such Seller, either alone or together with its Representatives, has such
                                            knowledge, sophistication and experience in business and financial matters so as to be capable
                                            of evaluating the merits and risks of the prospective investment in the Stock Consideration
                                            Shares, and has so evaluated the merits and risks of such investment. Such Seller is able
                                            to bear the economic risk of an investment in the Stock Consideration Shares and, at the
                                            present time, is able to afford a complete loss of such investment.

 

		c.	General
                                            Solicitation. Such Seller is not acquiring the Stock Consideration Shares as a result
                                            of any advertisement, article, notice or other communication regarding the Stock Consideration
                                            Shares published in any newspaper, magazine or similar media or broadcast over television
                                            or radio or presented at any seminar or any other general solicitation or general advertisement.

 

    	Page 10 of 22

     

    

 

		d.	Restrictions.

 

		i.	The
                                            Stock Consideration Shares may only be disposed of in compliance with state and federal securities
                                            laws. In connection with any transfer of Stock Consideration Shares other than pursuant to
                                            an effective registration statement or Rule 144, Buyer may require the transferor thereof
                                            to provide to Buyer an opinion of counsel selected by the transferor and reasonably acceptable
                                            to Buyer, the form and substance of which opinion shall be reasonably satisfactory to Buyer,
                                            to the effect that such transfer does not require registration of such transferred Stock
                                            Consideration Shares under the Securities Act or any other state, federal or foreign securities
                                            law. As a condition of transfer, any such transferee shall agree in writing to be bound by
                                            the restrictions with respect to the Stock Consideration Shares set forth in this Agreement.

 

		ii.	Such
                                            Seller agrees to the imprinting, so long as is required by this Section 9(d), of a legend
                                            on any of the Stock Consideration Shares in the following form:

 

THIS
SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON
AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY
NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY
ACCEPTABLE TO BUYER. THIS SECURITY IS ALSO SUBJECT TO THE TERMS OF A LOCKUP AGREEMENT. THIS SECURITY MAY NOT BE SOLD, TRANSFERRED, PLEDGED,
GIFTED OR OTHERWISE DISPOSED OF OTHER THAN IN ACCORDANCE WITH THE TERMS OF SUCH AGREEMENT, AND ANY ATTEMPT TO DO SO SHALL BE VOID.

 

		iii.	Certificates
                                            evidencing the Stock Consideration Shares shall not contain any legend (including the legend
                                            set forth in Section 9(d)(ii) hereof), (i) following any sale of such Stock Consideration
                                            Shares pursuant to Rule 144, (iii) if such Stock Consideration Shares are eligible for sale
                                            under Rule 144, without the requirement for Buyer to be in compliance with the current public
                                            information required under Rule 144 as to such Stock Consideration Shares and without volume
                                            or manner-of-sale restrictions, or (iii) if such legend is not required under applicable
                                            requirements of the Securities Act (including judicial interpretations and pronouncements
                                            issued by the staff of the Securities and Exchange Commission). Buyer shall cause its counsel
                                            to issue a legal opinion to its transfer agent reasonably promptly if required by the transfer
                                            agent to effect the removal of the legend hereunder.

 

		10.	Representations
                                            of Buyer.Buyer represents and warrants to the Sellers that the following are true as
                                            of the Effective Date:

 

		a.	Buyer
                                            is a corporation duly organized, validly existing and in good standing under the laws of
                                            the State of Nevada.

 

		b.	Buyer
                                            has full corporate power and authority to execute and deliver this Agreement and each other
                                            agreement, document, instrument or certificate provided for by this Agreement or to be executed
                                            by Buyer in connection with the consummation of the transactions provided for hereby and
                                            thereby and to consummate the transactions provided for hereby and thereby. The execution,
                                            delivery and performance by Buyer of this Agreement has been duly authorized by all necessary
                                            corporate action on behalf of Buyer.

 

    	Page 11 of 22

     

    

 

		c.	None
                                            of the execution and delivery by Buyer of this Agreement, the consummation of the transactions
                                            provided for hereby or thereby, or the compliance by Buyer with any of the provisions hereof
                                            or thereof will conflict with, or result in violation of or default (with or without notice
                                            or lapse of time, or both) under, or give rise to a right of termination or cancellation
                                            under any provision of (i) the Buyer’s certificate of formation, bylaws, or comparable
                                            organizational documents of Buyer; (ii) any contract or permit to which Buyer is a party
                                            or by which any of the properties or assets of Buyer are bound; (iii) any order of any governmental
                                            body applicable to Buyer or by which any of the properties or assets of Buyer are bound;
                                            or (iv) any applicable Law.

 

		d.	No
                                            consent, waiver, approval, order, permit or authorization of, or declaration or filing with,
                                            or notification to, any Person or governmental body other than the consent of a majority
                                            of the shareholders of Buyer and the board of directors of Buyer is required on the part
                                            of Buyer in connection with the execution and delivery of this Agreement or the compliance
                                            by Buyer with any of the provisions hereof or thereof, except for such consents, waivers,
                                            approvals, orders, Permits, declarations, filings or notifications that, if not obtained,
                                            made or given, would not, individually or in the aggregate, have a material adverse effect
                                            on the ability of Buyer to consummate the transactions provided for by this Agreement.

 

		11.	Indemnification.

 

		a.	Seller’
                                            Indemnity. From and after the Closing Date, Sellers shall indemnify and hold Buyer and
                                            its directors, managers, officers, employees, successors and assigns (collectively, the “Buyer
                                            Indemnified Parties”) harmless from and against, and pay to the applicable Buyer Indemnified
                                            Parties the amount of, any and all losses, liabilities, claims, obligations, deficiencies,
                                            demands, judgments, damages (excluding incidental and consequential damages), Taxes, interest,
                                            fines, penalties, claims, suits, actions, causes of action, assessments, awards, costs, and
                                            expenses (individually, a “Loss” and, collectively, “Losses”) resulting
                                            from any third-party claim, not covered by insurance, attributed to:

 

		i.	any
                                            breach of the representations made by Sellers in this Agreement;

 

		ii.	any
                                            breach of any covenant or other agreement on the part of Sellers under this Agreement;

 

		iii.	any
                                            legal proceeding involving Sellers or S5D arising from an event, activity, incident, action,
                                            or omission occurring prior to the Closing Date; and

 

		iv.	any
                                            unforgiven amount of any PPP Loan.

 

		b.	Buyer’s
                                            Indemnity.From and after the Closing Date, Buyer shall indemnify and hold Sellers harmless
                                            from and against, and pay to Sellers the amount of, any and all Loss or Losses resulting
                                            from any third-party claim, not covered by insurance, attributed to:

 

		i.	any
                                            breach of the representations made by Buyer in this Agreement;

 

		ii.	any
                                            breach of any covenant or other agreement on the part of Buyer under this Agreement,

 

		iii.	any
                                            legal proceeding involving Buyer or S5D arising from an event, activity, incident, action,
                                            or omission occurring after the Closing Date.

 

		c.	All
                                            of the representations, warranties and covenants contained in this Agreement shall survive
                                            the closing.

 

		d.	Buyer
                                            shall have the right to setoff any indemnification claim relating to any unforgiven amount
                                            of a PPP Loan under this Section 11 against the Escrow Account.

 

    	Page 12 of 22

     

    

 

		12.	Pre-Closing
                                            Covenants. From and after the Effective Date until the Closing Date:

 

		a.	The
                                            Company shall conduct its business in the ordinary course consistent with past practice and
                                            shall not enter into any agreement or consummate any transaction involving more than $100,000
                                            without prior written notice to Buyer.

 

		b.	The
                                            Company and Sellers shall use reasonable best efforts to cause all employees of the Company
                                            to enter into Employment Agreements.

 

		c.	The
                                            Company shall not initiate any discussions or enter into any agreements with any other Person
                                            regarding a transaction similar to the transactions contemplated hereby and agrees to provide
                                            Buyer with written notice of an unsolicited offer or indication of interest received from
                                            any other Person regarding any such transaction.

 

		d.	The
                                            Company and Sellers shall cooperate with Buyer and its accountants in the conduct of an audit
                                            of the Financial Statements (the Financial Statements as so audited, the “Audited Financial
                                            Statements”), it being understood and agreed that (i) the scope and methodology of
                                            such audit to be determined by Buyer and its accountants and (ii) the costs and expenses
                                            associated with such audit shall be borne by Buyer.

 

		e.	Buyer
                                            shall use reasonable best efforts to cause the Audited Financial statements to be completed
                                            as soon as commercially reasonable.

 

		13.	Restrictive
                                            Covenants. Non-Competition; Non-Solicitation.

 

		a.	For
                                            a period of three years commencing on the Closing Date (the “Restricted Period”),
                                            each Seller shall not, and shall not permit any of its Affiliates to, directly or indirectly,
                                            (i) engage in or assist others in engaging in any business that competes with any business
                                            engaged in by Buyer and its Affiliates (the “Restricted Business”) anywhere in
                                            the world (the “Territory”); (ii) have an interest in any Person that engages
                                            directly or indirectly in the Restricted Business in the Territory in any capacity, including
                                            as a partner, shareholder, member, employee, principal, agent, trustee or consultant; or
                                            (iii) cause, induce or encourage any material actual or prospective client, customer, supplier
                                            or licensor of the Company or the Buyer (including any existing or former client or customer
                                            of the Company and any Person that becomes a client or customer of the Company or the Buyer
                                            after the Closing Date), or any other Person who has a material business relationship with
                                            the Company or the Buyer, to terminate or modify any such actual or prospective relationship.
                                            Notwithstanding the foregoing, such Seller may own, directly or indirectly, solely as an
                                            investment, securities of any Person traded on any national securities exchange if such Seller
                                            is not a controlling Person of, or a member of a group which controls, such Person and does
                                            not, directly or indirectly, own 2% or more of any class of securities of such Person.

 

		b.	During
                                            the Restricted Period, each Seller shall not, and shall not permit any of its Affiliates
                                            to, directly or indirectly, hire or solicit any Person who is offered employment by Buyer
                                            pursuant hereto or is or was employed by the Buyer during the Restricted Period, or encourage
                                            any such employee to leave such employment or hire any such employee who has left such employment,
                                            except pursuant to a general solicitation which is not directed specifically to any such
                                            employees; provided, that nothing in this Section 13(b) shall prevent such Seller
                                            or any of its Affiliates from hiring (i) any employee whose employment has been terminated
                                            by Buyer or (ii) after 180 days from the date of termination of employment, any employee
                                            whose employment has been terminated by the employee.

 

		c.	Seller
                                            acknowledges that a breach or threatened breach of this Section 13 would give rise to irreparable
                                            harm to Buyer, for which monetary damages would not be an adequate remedy, and hereby agrees
                                            that in the event of a breach or a threatened breach by such Seller of any such obligations,
                                            Buyer shall, in addition to any and all other rights and remedies that may be available to
                                            it in respect of such breach, be entitled to equitable relief, including a temporary restraining
                                            order, an injunction, specific performance and any other relief that may be available from
                                            a court of competent jurisdiction (without any requirement to post bond).

 

    	Page 13 of 22

     

    

 

		d.	Each
                                            Seller acknowledges that the restrictions contained in this Section 13 are reasonable and
                                            necessary to protect the legitimate interests of Buyer and constitute a material inducement
                                            to Buyer to enter into this Agreement and consummate the transactions contemplated by this
                                            Agreement. In the event that any covenant contained in this Section 13 should ever be adjudicated
                                            to exceed the time, geographic, product or service or other limitations permitted by applicable
                                            Law in any jurisdiction, then any court is expressly empowered to reform such covenant, and
                                            such covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic,
                                            product or service or other limitations permitted by applicable Law. The covenants contained
                                            in this Section 13 and each provision hereof are severable and distinct covenants and provisions.
                                            The invalidity or unenforceability of any such covenant or provision as written shall not
                                            invalidate or render unenforceable the remaining covenants or provisions hereof, and any
                                            such invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable
                                            such covenant or provision in any other jurisdiction.

 

		14.	Governing
                                            Law. This Agreement shall be construed in accordance with and governed by the laws of
                                            the State of New York without giving effect to the principles of conflicts of law thereof.
                                            Each of the Parties irrevocably agrees that any legal action or proceeding with respect to
                                            this Agreement or the transactions contemplated hereby, or for recognition and enforcement
                                            of any judgment in respect hereof, brought by the other party or its successors or assigns
                                            may be brought and determined in state or federal courts sitting in Clark County in the State
                                            of Nevada, and each party hereby irrevocably submits with regard to any such action or proceeding
                                            for itself and in respect of its property, generally and unconditionally, to the exclusive
                                            jurisdiction of the aforesaid courts. Each party hereto hereby irrevocably waives, and agrees
                                            not to assert, by way of a motion, as a defense, counterclaim or otherwise, in any action
                                            or proceeding with respect to this Agreement, (a) any claim that it is not personally subject
                                            to the jurisdiction of the above-named courts for any reason other than the failure to lawfully
                                            serve process; (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) to the fullest extent permitted by applicable law, that (i) the suit,
                                            action or proceeding in any such court is brought in an inconvenient forum; (ii) the venue
                                            of such suit, action or proceeding is improper; and (iii) this Agreement, or the subject
                                            matter hereof, may not be enforced in or by such courts. Each party irrevocably and unconditionally
                                            waives any right it may have to a trial by jury in respect of any legal action arising out
                                            of or relating to this Agreement, the Ancillary Agreements or the transactions contemplated
                                            hereby and thereby.

 

		15.	Notices.
                                            Any notice or other communication required or permitted hereunder shall be in writing and
                                            shall be delivered personally, sent by electronic mail transmission (followed by delivery
                                            of an original via overnight courier service), sent by nationally recognized overnight courier
                                            services, postage prepaid. Any such notice shall be deemed given when so delivered personally
                                            or upon confirmation of receipt when sent by electronic mail transmission, received the next
                                            day if sent by an overnight courier service, as follows:

 

    	Page 14 of 22

     

    

 

If
to Sellers, to:

 

Jeff
Meisner

 

401
Palladian Blvd.

 

Southlake,
TX 76092, and to

 

Jeff
Meade

 

901
Siena Dr.

 

Southlake,
TX 76092, and to

 

Doug
Fidler

 

7620
Northfield Drive

 

North
Richland Hills

 

TX,
76182, and to

 

Brandy
Cardwell

 

1644
Mountain Laurel Drive

 

Keller,
TX, 76182.

 

If
to Buyer, to:

 

The
Glimpse Group, Inc.

 

15
West 38th Street, 9th Floor

 

New
York, NY 10018

 

Attn:
Maydan Rothblum

 

With
a copy to:

 

Jay
Yamamoto and Darrin Ocasio

 

Sichenzia
Ross Ference LLP

 

1185
Avenue of the Americas, 31st Floor

 

New
York, NY 10036

 

or
at such other address for a party as shall be specified by like notice.

 

    	Page 15 of 22

     

    

 

		16.	Counterparts.
                                            This Agreement may be executed in two or more counterparts, each of which will be considered
                                            an original, but all of which together will constitute one and the same instrument. The exchange
                                            of a fully executed Agreement (in counterparts or otherwise) by fax or electronic mail shall
                                            be sufficient to bind the Parties to terms and conditions of this Agreement.

 

		17.	Entire
                                            Agreement. This Agreement, including all Exhibits attached hereto, contains the entire
                                            understanding of the Parties with respect to the subject matter hereof and supersedes any
                                            and all prior negotiations, agreements, commitments, and writings with respect thereto. There
                                            are no oral understandings, terms and conditions and neither Party has relied upon any representation,
                                            expressed or implied, not contained in this Agreement.

 

		18.	Severability.
                                            In the event
                                            that any provision of this Agreement is unenforceable under applicable law, the validity
                                            or enforceability of the remaining provisions will not be affected. To the extent any provision
                                            of this Agreement is judicially determined to be unenforceable, a court of competent jurisdiction
                                            may reform any such provision to make it enforceable. The provisions of this Agreement will,
                                            where possible, be interpreted so as to sustain its legality and enforceability.

 

		19.	Further
                                            Assurances. Each of the Parties hereto will use its reasonable good faith efforts to
                                            take all actions and to do all things necessary, proper or advisable following the Closing
                                            Date to consummate and effectuate the transactions contemplated by this Agreement.

 

		20.	Expenses.
                                            Each party hereto shall bear its own expenses, costs and fees associated with the preparation
                                            of this Agreement and the Ancillary Agreement and the consummation of the transactions contemplated
                                            hereby and thereby, except that Buyer shall bear all expenses associated with the Audited
                                            Financial Statements.

 

		21.	Assignment.
                                            Neither Sellers nor Buyer may assign this Agreement to any Person without the prior written
                                            consent of the other Party; provided, however, that Buyer may assign this Agreement to an
                                            Affiliate of Buyer without the prior written consent of Sellers or the Company.

 

		22.	Board
                                            Representation. Promptly after the Closing Date, the board of directors of Buyer shall
                                            appoint Jeff Meisner to serve on the board for a three-year term, subject to his compliance
                                            with all of Buyer’s corporate governance policies and procedures and the requirements
                                            of Nasdaq.

 

[Remainder
of page intentionally left blank]

 

    	Page 16 of 22

     

    

 

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

 

	Sellers	 	Buyer
	 	 	 	 
	/s/
    Jeff Meisner	 	 	/s/
    Lyron L. Bentovim
	Jeff
    Meisner	 	 	The
    Glimpse Group, Inc.
	 	 	 	 
	/s/
    Jeff Meade	 	By:	Lyron
    L. Bentovim
	Jeff
    Meade	 	Title:	President
    & CEO
	 	 	 	 
	/s/
    Doug Fidler	 	 	 
	Doug
    Fidler	 	 	 
	 	 	 	 
	/s/
    Brandy Cardwell	 	 	 
	Brandy
    Cardwell	 	 	 

 

	Company	 
	 	 	 
	/s/
    Jeffrey Meisner	 
	Sector
    5 Digital, LLC	 
	 	 	 
	By:	Jeffrey
    Meisner	 
	Title:	CEO	 

 

    	Page 17 of 22

     

    

 

APPENDIX
A

 

		1.	Definitions

 

“Action”
means any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, governmental notice of violation, legal proceeding,
litigation, citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether
at law or in equity.

 

“Affiliate”
of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or
is under common control with, such Person. The term “control” (including the terms “controlled by” and “under
common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

 

“Aggregate
Recognized Revenue” has the meaning set forth in Section 2(b)(v).

 

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

 

“Ancillary
Documents” means the Escrow Agreement, the Employment Agreements and the Lockup Agreements.

 

“Annual
Financial Statements” has the meaning set forth in Section 8(h)(i).

 

“Audited
Financial Statements” has the meaning set forth in Section 12(d).

 

“Balance
Sheet” has the meaning set forth in Section 8(h)(i).

 

“Balance
Sheet Date” has the meaning set forth in Section 8(h)(i).

 

“Business
Day” means any day except Saturday, Sunday or any other day on which commercial banks located in the State of New York are
authorized or required by Law to be closed for business.

 

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

 

“Buyer
Indemnified Parties” has the meaning set forth in Section 11(a).

 

“Buyer
Shares” has the meaning set forth in Section 2(c).

 

“Cardwell”
has the meaning set forth in the preamble.

 

“Cash
Payment” has the meaning set forth in Section 2(a).

 

“Closing
Buyer Shares” has the meaning set forth in Section 2(c).

 

“Closing
Date” has the meaning set forth in Section 3.

 

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

 

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

 

“Company
Intellectual Property” means all Intellectual Property that is owned by the Company.

 

    	Page 18 of 22

     

    

 

“Company
IP Agreements” means all licenses, sublicenses, consent to use agreements, settlements, coexistence agreements, covenants not
to sue, waivers, releases, permissions and other Contracts, whether written or oral, relating to Intellectual Property to which the Company
is a party, beneficiary or otherwise bound.

 

“Company
IP Registrations” means all Company Intellectual Property that is subject to any issuance, registration or application by or
with any Governmental Authority or authorized private registrar in any jurisdiction, including issued patents, registered trademarks,
domain names and copyrights, and pending applications for any of the foregoing.

 

“Company
IT Systems” means all Software, computer hardware, servers, networks, platforms, peripherals, and similar or related items
of automated, computerized, or other information technology (IT) networks and systems (including telecommunications networks and systems
for voice, data and video) owned, leased, licensed, or used (including through cloud-based or other third-party service providers) by
the Company.

 

“Contracts”
means all contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments, undertakings, indentures, joint ventures
and all other agreements, commitments and legally binding arrangements, whether written or oral.

 

“Disclosure
Schedules” means the Disclosure Schedules delivered by the Company concurrently with the execution and delivery of this Agreement.

 

“Dollars
or $” means the lawful currency of the United States.

 

“Dollars
Amount” has the meaning set forth in Section 2(c).

 

“Effective
Date” has the meaning set forth in the preamble.

 

“Employment
Agreements” for Sellers means the employment agreements between the Company and Cardwell, Fidler, Meade, and Meisner.

 

“Encumbrance”
means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or other), option, security
interest, mortgage, easement, encroachment, right of way, right of first refusal, or restriction of any kind, including any restriction
on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.

 

“Escrow
Agent” means Sichenzia Ross Ference LLP, a New York limited liability partnership.

 

“Escrow
Agreement” means the Escrow Agreement to be entered into by the Buyer, the Sellers and Escrow Agent at the Effective Date,
attached hereto as Exhibit B.

 

“Escrowed
Cash” has the meaning set forth in Section 2(b).

 

“Fidler”
has the meaning set forth in the preamble.

 

“Financial
Statements” has the meaning set forth in Section 8(h)(i).

 

“GAAP”
means United States generally accepted accounting principles in effect from time to time.

 

“Governmental
Authority” means any federal, state, local or foreign government or political subdivision thereof, or any agency or instrumentality
of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or quasi-governmental
authority (to the extent that the rules, regulations or orders of such organization or authority have the force of Law), or any arbitrator,
court or tribunal of competent jurisdiction.

 

“Governmental
Order” means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental
Authority.

 

    	Page 19 of 22

     

    

 

“Intellectual
Property” means any and all rights in, arising out of, or associated with any of the following in any jurisdiction throughout
the world: (a) issued patents and patent applications (whether provisional or non-provisional), including divisionals, continuations,
continuations-in-part, substitutions, reissues, reexaminations, extensions, or restorations of any of the foregoing, and other Governmental
Authority-issued indicia of invention ownership (including certificates of invention, petty patents, and patent utility models) (“Patents”);
(b) trademarks, service marks, brands, certification marks, logos, trade dress, trade names, and other similar indicia of source or origin,
together with the goodwill connected with the use of and symbolized by, and all registrations, applications for registration, and renewals
of, any of the foregoing (“Trademarks”); (c) copyrights and works of authorship, whether or not copyrightable, and all registrations,
applications for registration, and renewals of any of the foregoing (“Copyrights”); (d) internet domain names and social
media account or user names (including “handles”), whether or not Trademarks, all associated web addresses, URLs, websites
and web pages, social media sites and pages, and all content and data thereon or relating thereto, whether or not Copyrights; (e) mask
works, and all registrations, applications for registration, and renewals thereof; (f) industrial designs, and all Patents, registrations,
applications for registration, and renewals thereof; (g) trade secrets, know-how, inventions (whether or not patentable), discoveries,
improvements, technology, business and technical information, databases, data compilations and collections, tools, methods, processes,
techniques, and other confidential and proprietary information and all rights therein (“Trade Secrets”); (h) computer programs,
operating systems, applications, firmware, and other code, including all source code, object code, application programming interfaces,
data files, databases, protocols, specifications, and other documentation thereof; (i) rights of publicity; and (j) all other intellectual
or industrial property and proprietary rights.

 

“Interim
Balance Sheet” has the meaning set forth in Section 8(h)(i).

 

“Interim
Balance Sheet Date” has the meaning set forth in Section 8(h)(i).

 

“Interim
Financial Statements” has the meaning set forth in Section 8(h)(i).

 

“Knowledge
of the Company or the Company’s Knowledge” or any other similar knowledge qualification, means the actual or constructive
knowledge of any director or officer of the Company, after due inquiry.

 

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

 

“Liabilities”
has the meaning set forth in Section 8(j).

 

“Licensed
Intellectual Property” means all Intellectual Property in which the Company holds any rights or interests granted by other
Persons, including the Sellers or any of its Affiliates.

 

“Liquidation
Event” shall mean any of (i) the acquisition of all of the equity of Buyer by another entity that is not included in the consolidated
financial statements of Buyer (an “Unrelated Acquirer”);; (ii) any sale, lease, conveyance, exclusive license or other disposition
of all or substantially all of the assets of Buyer to an Unrelated Acquirer; or (iii) a filing of bankruptcy of Buyer, or (v) any spinoff
or sale of S5D or any major assets of S5D to an Unrelated Acquirer.

 

“Lockup
Agreement” means a lockup agreement in the form attached hereto as Exhibit C.

 

“Loss”
has the meaning set forth in Section 11(a).

 

“Material
Contracts” has the meaning set forth in Section 8(f)(i).

 

“Material
Customers” has the meaning set forth in Section 8(g)(i).

 

“Material
Suppliers” has the meaning set forth in Section 8(g)(ii).

 

“Meade”
has the meaning set forth in the preamble.

 

    	Page 20 of 22

     

    

 

“Meisner”
has the meaning set forth in the preamble.

 

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

 

“Organizational
Documents” shall mean the Certificate of Formation, the Member Agreement, the Employer Identification Number, and any other
documents the Company may have drafted in order to do business and be a valid company under the laws of Texas.

 

“Parties”
means the Buyer, the Seller and any Affiliates thereof.

 

“Permits”
means all permits, licenses, franchises, approvals, authorizations, registrations, certificates, variances and similar rights obtained,
or required to be obtained, from Governmental Authorities.

 

“Permitted
Encumbrances” means any Encumbrances in which the Buyer has specifically and explicitly allowed to remain under either this
Agreement or any Ancillary Documents.

 

“Person”
means an individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization,
trust, association or other entity.

 

“Pre-Closing
Date” shall have the meaning set forth in Section 3.

 

“PPP
Loans” means those loans set forth on Schedule X attached hereto.

 

“Purchase
Price” has the meaning set forth in the Section 2.

 

“Representative”
means, with respect to any Person, any and all directors, officers, employees, consultants, financial advisors, counsel, accountants
and other agents of such Person.

 

“Restricted
Business” has the meaning set forth in Section 13(a).

 

“Restricted
Period” has the meaning set forth in Section 13(a).

 

“S5D”
has the meaning set forth in the preamble.

 

“Sellers”
has the meaning set forth in the preamble.

 

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

 

“Stock
Consideration Shares” has the meaning set forth in Section 9(a).

 

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

 

“Tax
Return” means any return, declaration, report, claim for refund, information return or statement or other document relating
to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

 

“Territory”
has the meaning set forth in Section 13(a).

 

“Trade
Secrets” means know-how, inventions (whether or not patentable), discoveries, improvements, technology, business and technical
information, databases, data compilations and collections, tools, methods, processes, techniques, and other confidential and proprietary
information and all rights therein.

 

“VWAP
Calculation” has the meaning set forth in Section 2(c).

 

    	Page 21 of 22

     

    

 

Schedule
1

 

	Meisner	25%
	Meade	25%
	Fidler	25%
	Cardwell	25%

 

    	Page 22 of 22

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