<SEC-DOCUMENT>0001019056-17-000069.txt : 20170131
<SEC-HEADER>0001019056-17-000069.hdr.sgml : 20170131
<ACCEPTANCE-DATETIME>20170131072440
ACCESSION NUMBER:		0001019056-17-000069
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170130
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170131
DATE AS OF CHANGE:		20170131

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STEVEN MADDEN, LTD.
		CENTRAL INDEX KEY:			0000913241
		STANDARD INDUSTRIAL CLASSIFICATION:	FOOTWEAR, (NO RUBBER) [3140]
		IRS NUMBER:				133588231
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23702
		FILM NUMBER:		17559372

	BUSINESS ADDRESS:	
		STREET 1:		52-16 BARNETT AVE
		CITY:			LONG ISLAND CITY
		STATE:			NY
		ZIP:			11104
		BUSINESS PHONE:		7184461800

	MAIL ADDRESS:	
		STREET 1:		52-16 BARNETT AVENUE
		CITY:			LONG ISLAND CITY
		STATE:			NY
		ZIP:			11104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MADDEN STEVEN LTD
		DATE OF NAME CHANGE:	19931008
</SEC-HEADER>
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<FILENAME>smadden_8k.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>UNITED STATES</B></FONT><BR>
<FONT STYLE="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT><BR>
<FONT STYLE="font-size: 12pt"><B>WASHINGTON, DC 20549</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 18pt"><B>FORM 8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>CURRENT REPORT</B><BR>
Pursuant to Section 13 or 15(d) of the<BR>
Securities Exchange Act of 1934</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Date of Report:
January 30, 2017<BR>
(Date of earliest event reported)</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 24pt"><B>STEVEN MADDEN,
LTD.</B></FONT><BR>
<FONT STYLE="font-size: 10pt">(Exact Name of Registrant as Specified in Charter)</FONT></P>

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    <TD STYLE="width: 32%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 30%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Delaware</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">000-23702</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">13-3588231</FONT></td></tr>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(State or Other Jurisdiction
    <BR>
    of Incorporation)</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer<BR>
    Identification No.)</FONT></td></tr>
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<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">52-16 Barnett Avenue,
    Long Island City, New York 11104</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Address of Principal
    Executive Offices) &nbsp;&nbsp;(Zip Code)</FONT></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>Registrant&rsquo;s
telephone number, including area code: (718) 446-1800</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 5%">Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Wingdings">o</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule
    425 under the Securities Act (17 CFR 230.425)</FONT></td></tr>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12
    under the Exchange Act (17 CFR 240.14a-12)</FONT></td></tr>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant
    to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></td></tr>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Wingdings">o</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant
    to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></td></tr>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%"><FONT STYLE="font-size: 10pt"><B>Item 1.01.</B></FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Entry
                                         into a Material Definitive Agreement. </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On
January 30, 2017, Steven Madden, Ltd. (the &ldquo;Company&rdquo;) entered into an Equity Purchase Agreement (the
&ldquo;Purchase Agreement&rdquo;) with Schwartz &amp; Benjamin, Inc., a New York corporation (&ldquo;S&amp;A&rdquo;), B.D.S.,
Inc., a Delaware corporation (&ldquo;B.D.S&rdquo;), Quinby Ridge Enterprises LLC, a Delaware limited liability
company (&ldquo;QRE&rdquo;), DANIELBARBARA Enterprises LLC, a New York limited liability company (&ldquo;DBE&rdquo; and,
collectively with S&amp;A, B.D.S. and QRE, &ldquo;Schwartz &amp; Benjamin&rdquo;), the owners of all of the issued and
outstanding equity interests in Schwartz &amp; Benjamin (the &ldquo;Sellers&rdquo;), and Daniel Schwartz, as designated agent
for the Sellers, pursuant to which the Company purchased all of the outstanding equity interests in Schwartz
&amp; Benjamin from the Sellers. Schwartz &amp; Benjamin, which was founded in 1923, engages in the design, sourcing and sale
of branded and private label footwear.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The purchase
price payable to the Sellers in the acquisition consists of (i) $15.75 million in cash paid at closing, subject to a post-closing
working capital adjustment, plus (ii) a cash earn-out payment based on the performance of Schwartz &amp; Benjamin in each of the
next six years (beginning on February 1 and ending on January 31 of each year) equal to, in the case of earn-out years one through
four, 40% of the EBITDA (as defined in the Purchase Agreement) of Schwartz &amp; Benjamin and, in the case of earn-out years five
and six, 75% of the EBITDA of Schwartz &amp; Benjamin. The sum of $1 million of the purchase price was deposited into escrow at
closing to secure potential indemnification obligations of the Sellers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The foregoing
description of the terms of the Purchase Agreement is qualified in its entirety by reference to the Purchase Agreement, a copy
of which is filed as Exhibit 2.1 hereto and incorporated herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 11%"><FONT STYLE="font-size: 10pt"><B>Item
    8.01.&nbsp;&nbsp;</B></FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 89%"><FONT STYLE="font-size: 10pt"><B>Other Events</B></FONT><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">On January 30,
2017, the Company issued a press release pursuant to which it announced that it had acquired Schwartz &amp; Benjamin. A copy of
the press release is filed as Exhibit 99.1 hereto and incorporated herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="width: 11%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Item 9.01.&nbsp;&nbsp;</B></FONT></td>
    <TD STYLE="width: 89%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Financial Statements and
    Exhibits.</B></FONT></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="width: 9%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(d)</FONT></td>
    <TD STYLE="width: 91%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Exhibits:</FONT></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Purchase
Agreement included as an exhibit to this Current Report on Form 8-K is included to provide information regarding its terms and
conditions relating to the acquisition and is not intended to provide any other factual or disclosure information about the Company,
its subsidiaries or other parties to the Purchase Agreement. The Purchase Agreement contains representations and warranties by
each of the parties to the Purchase Agreement that have been made solely for the benefit of the other parties to the Purchase
Agreement and:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="width: 7%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></FONT></td>
    <TD STYLE="width: 93%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">should
    not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the
    parties if those statements prove to be inaccurate;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">have been qualified
    by disclosures that were made to the other party in connection with the negotiation of the Purchase Agreement, which disclosures
    are not necessarily reflected in the Purchase Agreement;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">may apply standards
    of materiality in a way that is different from what may be otherwise viewed as material; and</FONT></td></tr>
</TABLE>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0"></P>

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 7%"><FONT STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 93%"><FONT STYLE="font-size: 10pt">were made only as
    of the date of the Purchase Agreement or such other date or dates as may be specified in the Purchase Agreement and are subject
    to more recent developments.</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Accordingly,
these representations and warranties may not describe the actual state of affairs as of the date they were made or at any other
time.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>&nbsp;Exhibit</B></FONT></td>
    <TD STYLE="width: 88%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">2.1</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">Equity Purchase Agreement,
    dated January 30, 2017, among Steven Madden, Ltd., Schwartz &amp; Benjamin, Inc., B.D.S., Inc., Quinby Ridge Enterprises LLC,
    DANIELBARBARA Enterprises LLC, the Sellers party thereto, and Daniel Schwartz, as agent for the Sellers</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">99.1</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">Press Release dated
    January 30, 2017 issued by Steven Madden, Ltd. announcing the acquisition of Schwartz &amp; Benjamin</FONT></td></tr>
</table>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Dated: January 30, 2017</FONT></P>

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    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>STEVEN MADDEN, LTD.</B></FONT></td></tr>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td></tr>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:&nbsp;</FONT></td>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ Edward
    R. Rosenfeld</FONT></td></tr>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Edward R. Rosenfeld</FONT></td></tr>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></td></tr>
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<TYPE>EX-2.1
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<FILENAME>ex2_1.htm
<DESCRIPTION>EXHIBIT 2.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>Exhibit
2.1&nbsp;</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">EQUITY
PURCHASE AGREEMENT<BR>
<BR>
among<BR>
<BR>
STEVEN MADDEN, LTD.,<BR>
<BR>
SCHWARTZ &amp; BENJAMIN, INC.,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">B.D.S.,
INC.,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">QUINBY
RIDGE ENTERPRISES LLC,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">DANIELBARBARA
ENTERPRISES LLC,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">SCHWARTZ
&amp; BENJAMIN HOLDINGS TRUST,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">DANIEL
SCHWARTZ,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">BARBARA
SCHWARTZ,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">JAKE
SCHWARTZ TRUST UNDER THE DANIEL SCHWARTZ 2000 TRUST AGREEMENT DATED MAY 1, 2000 AND</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">NATALIE
SCHWARTZ TRUST UNDER THE DANIEL SCHWARTZ 2000 TRUST AGREEMENT DATED MAY 1, 2000</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><FONT STYLE="font-size: 10pt">JANUARY
30, 2017</FONT></P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><U>TABLE
OF CONTENTS</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><BR>
</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 6%; padding-bottom: 1pt; padding-left: 10pt">&nbsp;</TD>
    <TD STYLE="width: 90%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 4%; border-bottom: Black 1pt solid">Page</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0"><A HREF="#smaddena001_v1">1.</A></TD>
    <TD><A HREF="#smaddena001_v1">PURCHASE AND SALE OF EQUITY INTERESTS</A></TD>
    <TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena002_v1">1.1.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena002_v1">Purchase and Sale</A></TD>
    <TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0"><A HREF="#smaddena003_v1">2.</A></TD>
    <TD><A HREF="#smaddena003_v1">PURCHASE PRICE; PAYMENT</A></TD>
    <TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena004_v1">2.1.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena004_v1">Purchase Price</A></TD>
    <TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena005_v1">2.2.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena005_v1">Payment</A></TD>
    <TD STYLE="text-align: right">2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena006_v1">2.3.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena006_v1">Method of Payment</A></TD>
    <TD STYLE="text-align: right">4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; text-align: left; vertical-align: top"><A HREF="#smaddena007_v1">2.4.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena007_v1">Determination of Net Working Capital, Closing Cash, Funded Indebtedness, Company Transaction Expenses and 2016 Incentive Compensation Amount</A></TD>
    <TD STYLE="text-align: right">4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena008_v1">2.5.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena008_v1">Repayment of Funded Indebtedness and Company Transaction Expenses</A></TD>
    <TD STYLE="text-align: right">7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena009_v1">2.6.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena009_v1">Withholding</A></TD>
    <TD STYLE="text-align: right">7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0"><A HREF="#smaddena010_v1">3.</A></TD>
    <TD><A HREF="#smaddena010_v1">REPRESENTATIONS AND WARRANTIES OF THE SELLERS</A></TD>
    <TD STYLE="text-align: right">8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena011_v1">3.1.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena011_v1">Corporate</A></TD>
    <TD STYLE="text-align: right">8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena012_v1">3.2.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena012_v1">Sellers</A></TD>
    <TD STYLE="text-align: right">9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena013_v1">3.3.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena013_v1">Authority</A></TD>
    <TD STYLE="text-align: right">9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena014_v1">3.4.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena014_v1">No Violation</A></TD>
    <TD STYLE="text-align: right">10</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena015_v1">3.5.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena015_v1">Financial Matters</A></TD>
    <TD STYLE="text-align: right">10</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena016_v1">3.6.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena016_v1">Tax Matters</A></TD>
    <TD STYLE="text-align: right">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena017_v1">3.7.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena017_v1">Accounts Receivable</A></TD>
    <TD STYLE="text-align: right">13</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena018_v1">3.8.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena018_v1">Inventory</A></TD>
    <TD STYLE="text-align: right">13</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena020_v1">3.9.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena020_v1">Absence of Certain Changes</A></TD>
    <TD STYLE="text-align: right">13</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena021_v1">3.10.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena021_v1">Absence of Undisclosed Liabilities</A></TD>
    <TD STYLE="text-align: right">15</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena022_v1">3.11.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena022_v1">No Litigation</A></TD>
    <TD STYLE="text-align: right">16</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena023_v1">3.12.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena023_v1">Compliance With Laws and Orders</A></TD>
    <TD STYLE="text-align: right">16</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena024_v1">3.13.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena024_v1">Title to and Condition of Properties</A></TD>
    <TD STYLE="text-align: right">18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena025_v1">3.14.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena025_v1">Insurance</A></TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena026_v1">3.15.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena026_v1">Contracts and Commitments</A></TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena027_v1">3.16.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena027_v1">No Default</A></TD>
    <TD STYLE="text-align: right">23</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena028_v1">3.17.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena028_v1">Labor Matters</A></TD>
    <TD STYLE="text-align: right">23</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena029_v1">3.18.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena029_v1">Employee Benefit Plans</A></TD>
    <TD STYLE="text-align: right">23</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena030_v1">3.19.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena030_v1">Employees; Compensation</A></TD>
    <TD STYLE="text-align: right">27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena031_v1">3.20.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena031_v1">Trade Rights</A></TD>
    <TD STYLE="text-align: right">27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena032_v1">3.21.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena032_v1">Customers; Suppliers; Dealers and Distributors</A></TD>
    <TD STYLE="text-align: right">28</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena033_v1">3.22.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena033_v1">Product Warranty and Product Liability</A></TD>
    <TD STYLE="text-align: right">29</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena034_v1">3.23.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena034_v1">Certain Relationships to the Companies</A></TD>
    <TD STYLE="text-align: right">29</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena035_v1">3.24.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena035_v1">Bank Accounts</A></TD>
    <TD STYLE="text-align: right">29</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena036_v1">3.25.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena036_v1">No Brokers or Finders</A></TD>
    <TD STYLE="text-align: right">29</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena037_v1">3.26.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena037_v1">Assets and Services Necessary to Business</A></TD>
    <TD STYLE="text-align: right">30</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0"><A HREF="#smaddena038_v1">4.</A></TD>
    <TD><A HREF="#smaddena038_v1">REPRESENTATIONS AND WARRANTIES OF BUYER</A></TD>
    <TD STYLE="text-align: right">30</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena039_v1">4.1.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena039_v1">Corporate</A></TD>
    <TD STYLE="text-align: right">30</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena040_v1">4.2.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena040_v1">Authority</A></TD>
    <TD STYLE="text-align: right">30</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena041_v1">4.3.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena041_v1">No Brokers or Finders</A></TD>
    <TD STYLE="text-align: right">30</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena042_v1">4.4.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena042_v1">No Violation</A></TD>
    <TD STYLE="text-align: right">30</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena043_v1">4.5.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena043_v1">No Litigation</A></TD>
    <TD STYLE="text-align: right">31</TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; width: 6%"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 20pt; width: 90%"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0"><A HREF="#smaddena044_v1">5.</A></TD>
    <TD><A HREF="#smaddena044_v1">COVENANTS</A></TD>
    <TD STYLE="text-align: right">31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena045_v1">5.1.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena045_v1">Post-Closing Access to Information; Cooperation</A></TD>
    <TD STYLE="text-align: right">31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena046_v1">5.2.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena046_v1">Tax Matters</A></TD>
    <TD STYLE="text-align: right">32</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena047_v1">5.3.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena047_v1">Further Assurances</A></TD>
    <TD STYLE="text-align: right">38</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena048_v1">5.4.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena048_v1">Directors and Officers</A></TD>
    <TD STYLE="text-align: right">38</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena049_v1">5.5.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena049_v1">Executive Payments</A></TD>
    <TD STYLE="text-align: right">39</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena050_v1">5.6.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena050_v1">Noncompetition</A></TD>
    <TD STYLE="text-align: right">39</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena051_v1">5.7.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena051_v1">Employee Matters</A></TD>
    <TD STYLE="text-align: right">41</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena052_v1">5.8.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena052_v1">Operation of the Business During the Earn-Out Period</A></TD>
    <TD STYLE="text-align: right">43</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena053_v1">5.9.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena053_v1">Confidential Information</A></TD>
    <TD STYLE="text-align: right">44</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena054_v1">5.10.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena054_v1">Further Agreements</A></TD>
    <TD STYLE="text-align: right">44</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0"><A HREF="#smaddena055_v1">6.</A></TD>
    <TD><A HREF="#smaddena055_v1">INDEMNIFICATION</A></TD>
    <TD STYLE="text-align: right">44</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena056_v1">6.1.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena056_v1">By the Sellers</A></TD>
    <TD STYLE="text-align: right">44</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena057_v1">6.2.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena057_v1">By Buyer</A></TD>
    <TD STYLE="text-align: right">45</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena058_v1">6.3.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena058_v1">Indemnification of Third Party Claims</A></TD>
    <TD STYLE="text-align: right">45</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena059_v1">6.4.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena059_v1">Payment</A></TD>
    <TD STYLE="text-align: right">47</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena060_v1">6.5.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena060_v1">Limitations on Indemnification</A></TD>
    <TD STYLE="text-align: right">48</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena061_v1">6.6.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena061_v1">Purchase Price Adjustment</A></TD>
    <TD STYLE="text-align: right">49</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena062_v1">6.7.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena062_v1">Sole and Exclusive Remedy</A></TD>
    <TD STYLE="text-align: right">49</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0"><A HREF="#smaddena063_v1">7.</A></TD>
    <TD><A HREF="#smaddena063_v1">CLOSING</A></TD>
    <TD STYLE="text-align: right">50</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena064_v1">7.1.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena064_v1">Closing Date; Location</A></TD>
    <TD STYLE="text-align: right">50</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena065_v1">7.2.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena065_v1">Documents to be Delivered by the Companies and the Sellers</A></TD>
    <TD STYLE="text-align: right">50</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena066_v1">7.3.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena066_v1">Documents to be Delivered by Buyer</A></TD>
    <TD STYLE="text-align: right">51</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0"><A HREF="#smaddena067_v1">8.</A></TD>
    <TD><A HREF="#smaddena067_v1">MISCELLANEOUS</A></TD>
    <TD STYLE="text-align: right">52</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena068_v1">8.1.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena068_v1">Publicity</A></TD>
    <TD STYLE="text-align: right">52</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena069_v1">8.2.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena069_v1">Assignment</A></TD>
    <TD STYLE="text-align: right">52</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena070_v1">8.3.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena070_v1">Parties in Interest</A></TD>
    <TD STYLE="text-align: right">53</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena071_v1">8.4.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena071_v1">Law Governing Agreement; Consent to Jurisdiction; No Jury Trial</A></TD>
    <TD STYLE="text-align: right">53</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena072_v1">8.5.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena072_v1">Severability</A></TD>
    <TD STYLE="text-align: right">53</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena073_v1">8.6.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena073_v1">Amendment</A></TD>
    <TD STYLE="text-align: right">53</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena074_v1">8.7.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena074_v1">Waiver</A></TD>
    <TD STYLE="text-align: right">53</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena075_v1">8.8.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena075_v1">Notice</A></TD>
    <TD STYLE="text-align: right">54</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena076_v1">8.9.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena076_v1">Expenses</A></TD>
    <TD STYLE="text-align: right">54</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena077_v1">8.10.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena077_v1">Seller Representative</A></TD>
    <TD STYLE="text-align: right">55</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena078_v1">8.11.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena078_v1">Entire Agreement</A></TD>
    <TD STYLE="text-align: right">56</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena079_v1">8.12.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena079_v1">Counterparts</A></TD>
    <TD STYLE="text-align: right">56</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena080_v1">8.13.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena080_v1">No Strict Construction</A></TD>
    <TD STYLE="text-align: right">56</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena081_v1">8.14.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena081_v1">Acknowledgment of Buyer</A></TD>
    <TD STYLE="text-align: right">57</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena082_v1">8.15.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena082_v1">Specific Enforcement</A></TD>
    <TD STYLE="text-align: right">57</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena083_v1">8.16.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena083_v1">Waiver of Conflicts</A></TD>
    <TD STYLE="text-align: right">58</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena084_v1">8.17.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena084_v1">Interpretive Provisions</A></TD>
    <TD STYLE="text-align: right">58</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt"><A HREF="#smaddena085_v1">8.18.</A></TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#smaddena085_v1">Definitions</A></TD>
    <TD STYLE="text-align: right">59</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>SCHEDULES</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 34%; padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 2.4</TD>
    <TD STYLE="width: 8%; padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="width: 58%; padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Balance Sheet</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 2.5</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Funded Indebtedness and Expenses</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.1(c)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Qualification</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.1(e)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Directors and Officers</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.1(f)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Capitalization</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.4</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">No Violation</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.5</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Financial Statements</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.6(d)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Tax Audits</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.8</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Inventory</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.9</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Absence of Certain Changes</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.10</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Absence of Undisclosed Liabilities</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.11</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">No Litigation</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.12(a)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Compliance with Laws and Orders</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.12(c)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Environmental Matters</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.13(a)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Title to Assets</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.13(c)(i)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Real Property Formerly Owned, Leased or Operated</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.13(c)(ii)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Real Property Presently Owned, Leased or Operated</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.14</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Company Insurance Policies</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.15</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Contracts and Commitments</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.16</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Default</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.18(a)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Employee Benefit Plans</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.20(a)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Trade Rights</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.20(b)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Trade Rights Infringement</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.20(c)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Trade Rights Licenses</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.21(a)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Major Customers</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.21(b)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Major Suppliers</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.21(c)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Dealers and Distributors</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.21(d)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Promotions</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.22</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Product Warranty and Product Liability</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.23</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Obligations Involving Affiliates</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 3.24</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Bank Accounts</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 5.2(f)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Allocation Principles</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 5.7(d)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Employee Benefits</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 7.2(m)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Required Consents</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 8.18(iii)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Incentive Compensation Amount</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 8.18(ppp)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Executive Payments</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 8.18(zzz)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Letters of Credit</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Schedule 8.18(zzzz)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">-</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Permitted Liens</TD></TR>
</TABLE>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center"><FONT STYLE="font-size: 10pt"><U>EXHIBITS</U></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 34%; padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Exhibit A</TD>
    <TD STYLE="width: 8%; padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 58%; padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Allocation among Companies and Sellers</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Exhibit 2.2(a)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font: 10pt Times New Roman, Times, Serif">Form of Escrow Agreement</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif">Exhibit 2.4(a) &nbsp;</TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif">Accounting Principles &nbsp;</TD></TR>
</TABLE>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">EQUITY
PURCHASE AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">THIS EQUITY
PURCHASE AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;) is made and effective as of January 30, 2017, by and among Steven Madden,
Ltd., a Delaware corporation (&ldquo;<U>Buyer</U>&rdquo;), Schwartz &amp; Benjamin, Inc., a New York corporation, B.D.S., Inc.,
a Delaware corporation, Quinby Ridge Enterprises LLC, a Delaware limited liability company and DANIELBARBARA ENTERPRISES LLC,
a New York limited liability company (collectively, the &ldquo;<U>Companies</U>&rdquo; and each, individually, a &ldquo;<U>Company</U>&rdquo;),
each of the Sellers set forth on the signature page hereto under the heading &ldquo;<U>Sellers</U>&rdquo; (each a &ldquo;<U>Seller</U>&rdquo;
and collectively the &ldquo;<U>Sellers</U>&rdquo;) and Daniel Schwartz, as designated agent on behalf of the Sellers (the &ldquo;<U>Seller
Representative</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">WHEREAS,
the Companies are engaged in the design, sourcing, marketing, manufacturing, importing, distribution, and sale of footwear (the
&ldquo;<U>Business</U>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">WHEREAS,
the Companies carry on the Business at the Companies&rsquo; facilities located at One First Avenue, Peabody, Massachusetts and
50 West 57th Street, New York, New York (collectively, the &ldquo;<U>Facilities</U>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">WHEREAS,
the Sellers own all of the issued and outstanding equity interests in the Companies (collectively, the &ldquo;<U>Equity Interests</U>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">WHEREAS,
Buyer desires to purchase all of the Equity Interests from the Sellers, and the Sellers desire to sell the Equity Interests to
Buyer, upon the terms and subject to the conditions set forth in this Agreement; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">WHEREAS,
the Sellers desire to designate the Seller Representative as their agent and attorney-in-fact to act on their behalf in connection
with the transactions contemplated by this Agreement and certain ancillary agreements as set forth herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">NOW, THEREFORE,
in consideration of the foregoing and the representations, warranties, covenants, agreements and conditions set forth in this
Agreement, and intending to be legally bound, the Parties hereby agree as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena001_v1"></A><B>1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B>PURCHASE AND SALE OF EQUITY INTERESTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena002_v1"></A>1.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Purchase and Sale. Upon the terms and subject to the conditions set forth in this Agreement, on the Closing Date, the Sellers
shall sell, convey, assign, transfer and deliver to Buyer, and Buyer shall purchase and acquire from the Sellers, all of the Equity
Interests.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena003_v1"></A><B>2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B>PURCHASE PRICE; PAYMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena004_v1"></A>2.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Purchase Price. The purchase price (the &ldquo;<U>Purchase Price</U>&rdquo;) for the Equity Interests shall be an amount
equal to Fifteen Million Seven Hundred Fifty Thousand Dollars ($15,750,000) (i) plus or minus the Net Working Capital Adjustment
Amount, (ii) plus any Additional Amounts, (iii) plus the amount of any Earn-Out Payment, if earned, pursuant to <U>Section 2.2(e)</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena005_v1"></A>2.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Payment. The Purchase Price shall be paid as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Cash to Escrow Agent</U>. At the Closing, Buyer shall deposit the sum of One Million Dollars ($1,000,000) (the &ldquo;<U>Escrow
Amount</U>&rdquo;) with the Escrow Agent to be held in an escrow account (the &ldquo;<U>Escrow Account</U>&rdquo;) and released
by the Escrow Agent in accordance with the terms and conditions of this Agreement and of the Escrow Agreement substantially in
the form attached hereto as <U>Exhibit 2.2(a)</U> (the &ldquo;<U>Escrow Agreement</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Cash to the Sellers</U>. At the Closing, Buyer shall deliver to the accounts designated in writing by the Seller Representative
for the benefit of the Sellers an amount equal to Fifteen Million Seven Hundred Fifty Thousand Dollars ($15,750,000) (the &ldquo;<U>Initial
Purchase Price</U>&rdquo;), (i) <U>plus</U> or <U>minus</U> the Estimated Net Working Capital Adjustment Amount, (ii) <U>plus
</U>the Estimated Closing Cash, (iii) <U>minus</U> the Escrow Amount, (iv) <U>minus</U> the Estimated 2016 Incentive Compensation
Amount, and (v) <U>minus</U> the Estimated Funded Indebtedness pursuant to <U>Section 2.5</U> of this Agreement and (vi) minus
the Estimated Company Transaction Expenses pursuant to <U>Section 2.5</U> of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Payment of Adjustment Amount</U>. On or before the tenth (10th) Business Day following the determination of the Final
Closing Balance Sheet, (A) either (i) Buyer shall deliver to the accounts designated in writing by the Seller Representative for
the benefit of the Sellers the amount, if any, by which the Net Working Capital Adjustment Amount as reflected on the Final Closing
Balance Sheet is greater than the Estimated Net Working Capital Adjustment Amount set forth on the Estimated Closing Balance Sheet
or (ii) the Sellers shall, in the aggregate deliver to Buyer the amount, if any, by which the Net Working Capital Adjustment Amount
is less than the Estimated Net Working Capital Adjustment Amount; (B) either (i) Buyer shall deliver to the Seller Representative
the amount, if any, by which the Closing Cash as reflected on the Final Closing Balance Sheet (the &ldquo;<U>Final Closing Cash</U>&rdquo;)
is greater than the Closing Cash set forth on the Estimated Closing Balance Sheet (the &ldquo;<U>Estimated Closing Cash</U>&rdquo;),
or (ii) the Sellers shall, in the aggregate, deliver to Buyer the amount, if any, by which the Final Closing Cash is less than
the Estimated Closing Cash; (C) either (i) Buyer shall deliver to the Seller Representative the amount, if any, by which the incentive
compensation amounts actually paid or to be paid to those Persons set forth on <U>Schedule 8.18(iii)</U> as reflected on the Final
Closing Balance Sheet (the &ldquo;<U>Final 2016 Incentive Compensation Amount</U>&rdquo;) is less than the Estimated 2016 Incentive
Compensation Amount or (ii) the Sellers shall deliver to Buyer the amount, if any, by which the Final 2016 Incentive Compensation
Amount is more than the Estimated 2016 Incentive Compensation Amount; (D) either (i) Buyer shall deliver to the Seller Representative
the amount, if any, by which the Funded Indebtedness as reflected on the Final Closing Balance Sheet (the &ldquo;<U>Final Funded
Indebtedness</U>&rdquo;) is less than the Funded Indebtedness set forth on the Estimated Closing Balance Sheet (the &ldquo;<U>Estimated
Funded Indebtedness</U>&rdquo;) or (ii) the Sellers shall, in the aggregate, deliver to Buyer the amount, if any, by which the
Final Funded Indebtedness is greater than the Estimated Funded Indebtedness; and (E) either (i) Buyer shall deliver to the Seller
Representative the amount, if any, by which the Company Transaction Expenses as reflected on the Final Closing Balance Sheet (the
&ldquo;<U>Final Company Transaction Expenses</U>&rdquo;) is less than the Company Transaction Expenses set forth on the Estimated
Closing Balance Sheet (the &ldquo;<U>Estimated Company Transaction Expenses</U>&rdquo;) or (ii) the Sellers shall, in the aggregate,
deliver to Buyer the amount, if any, by which the Final Transaction Expenses are greater than the Estimated Company Transaction
Expenses. For the avoidance of doubt, any amounts due by Buyer or Sellers (as applicable) pursuant to this <U>Section 2.2(c)</U>
may be netted against each other.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Additional Amounts</U>. Any Additional Amounts shall be paid by Buyer to the accounts designated in writing by the Seller
Representative for the benefit of the Sellers as additional consideration within ten (10) Business Days following the determination
of the Final Allocation Schedule as set forth in <U>Section 5.2(f)</U> and within ten (10) Business Days following each Earn-Out
Payment, as applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Earn-Out</U>. Buyer shall pay to the accounts designated in writing by the Seller Representative for the benefit of
the Sellers additional consideration in cash as described herein (the &ldquo;<U>Earn-Out,</U>&rdquo; with each payment made pursuant
to the Earn-Out being an &ldquo;<U>Earn-Out Payment</U>&rdquo;) in accordance with the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">The Sellers
shall receive an Earn-Out Payment from Buyer in a percentage amount of the EBITDA of the Companies for each of the six (6) consecutive
years following the Closing (together, the &ldquo;<U>Earn-Out Period</U>&rdquo;), with the first year beginning on February 1,
2017 and ending on January 31, 2018, as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 37.9pt 0 140pt; text-indent: -65.45pt; text-align: justify"><FONT STYLE="font-size: 10pt">Year
1 Earn-Out:&#9;&nbsp;&nbsp;&nbsp;&nbsp;40% of the EBITDA of the Companies</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 37.9pt 0 140pt; text-indent: -65.45pt; text-align: justify"><FONT STYLE="font-size: 10pt">Year
2 Earn-Out:&nbsp;&nbsp;&nbsp;&nbsp;&#9;40% of the EBITDA of the Companies</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 37.9pt 0 140pt; text-indent: -65.45pt; text-align: justify"><FONT STYLE="font-size: 10pt">Year
3 Earn-Out:&#9;&nbsp;&nbsp;&nbsp;&nbsp;40% of the EBITDA of the Companies</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 37.9pt 0 140pt; text-indent: -65.45pt; text-align: justify"><FONT STYLE="font-size: 10pt">Year
4 Earn-Out:&#9;&nbsp;&nbsp;&nbsp;&nbsp;40% of the EBITDA of the Companies</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 37.9pt 0 140pt; text-indent: -65.45pt; text-align: justify"><FONT STYLE="font-size: 10pt">Year
5 Earn-Out:&#9;&nbsp;&nbsp;&nbsp;&nbsp;75% of the EBITDA of the Companies</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 37.9pt 0 140pt; text-indent: -65.45pt; text-align: justify"><FONT STYLE="font-size: 10pt">Year
6 Earn-Out:&#9;&nbsp;&nbsp;&nbsp;&nbsp;75% of the EBITDA of the Companies</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 37.9pt 0 140.25pt; text-indent: -65.45pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notwithstanding anything in this Agreement to the contrary, (i) only to the extent the Companies (and/or their management
team) run the Brian Atwood and/or B Brian Atwood women&rsquo;s footwear line(s) (the &ldquo;<U>BA Lines</U>&rdquo;), for purposes
of the Earn-Out, EBITDA shall include the combined EBITDA of&nbsp; the BA Lines, but only to the extent the combined EBITDA of
the BA Lines is a positive number; provided that, for clarity, the combined EBITDA of the BA Lines shall be reduced by nine percent
(9%) of the net sales of the BA Lines, (ii) subject to the following two (2) sentences, if, pursuant to the Kate Spade Agreement,
an Additional Royalty (as defined in the Kate Spade Agreement) is required to be paid to Kate Spade LLC, the Earn-Out Payment
payable for the year in which such Additional Royalty is actually paid shall be reduced by fifty percent (50%) of such Additional
Royalty; provided, however, that the maximum amount in which the Earn-Out Payment for each of the Year 2 Earn-Out and the Year
3 Earn-Out may be reduced in connection with the Additional Royalty shall be seventy five thousand dollars ($75,000.00), and (iii)
subject to the following two (2) sentences, any amounts paid pursuant to the Rent Stipulation shall be recouped against the Earn-Out
Payment payable for the year in which such amount is actually paid. Notwithstanding anything to the contrary in the foregoing,
with respect to each of <U>Section 2.2(e)(ii)</U> and <U>Section 2.2(e)(iii)</U> hereof, if the unadjusted Earn-Out Payment for
any Earn-Out year in which the Earn-Out Payment is subject to reduction based on such Sections is insufficient to cover such reduction
in full, the Sellers, jointly and severally, shall promptly pay to Buyer the amount of such deficiency. If Sellers do not pay
the amount of such deficiency within twenty (20) days of Buyer&rsquo;s delivery of the Earn-Out calculation for the applicable
year (pursuant to the following paragraph), Buyer may set-off or recoup the amount of such deficiency against any Earn-Out Payment
that is, or otherwise will be, due and payable to the Sellers pursuant to <U>Section 2.2(e)</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Buyer
shall deliver the calculation of any Earn-Out Payment for each year during the Earn-Out Period to the Seller Representative within
sixty (60) days after the end of such year, and such calculation shall be deemed conclusive and binding on the Parties for purposes
of computing such Earn-Out Payment, unless the Seller Representative notifies Buyer in writing within forty-five (45) days after
receipt of any such calculation of the disagreement therewith by the Seller Representative. Any such notice of dispute shall state
in reasonable detail the reasons for any such disagreement and identify the amounts and items in dispute. Buyer and the Seller
Representative will use reasonable efforts to resolve any such disagreements themselves. If Buyer and the Seller Representative
are unable to resolve any such disagreement within thirty (30) days of receipt of notice of the Seller Representative&rsquo;s
disagreement, then such dispute shall be resolved in a manner consistent with the procedures described in <U>Section 2.4(f)</U>.
If the Seller Representative fails to provide written notice of a disagreement with Buyer&rsquo;s calculation of any such Earn-Out
Payment to Buyer within such 45-day period or if the Seller Representative indicates in writing that the Seller Representative
has no dispute with respect to the calculation of such Earn-Out Payment prior to the expiration of such 45-day period, then Buyer
shall make such Earn-Out Payment within fifteen (15) days after the earlier of Buyer&rsquo;s receipt of notice from the Seller
Representative that the Seller Representative has no dispute with respect to the calculation of such Earn-Out Payment or the expiration
of the forty-five (45) day period during which the Seller Representative is required to provide such written notice pursuant to
this <U>Section 2.2(e)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena006_v1"></A>2.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Method of Payment. All payments under <U>Section 2.2</U> shall be made by wire transfer of immediately available funds
to an account that the recipient, at least forty-eight (48) hours prior to the time for payment specified hereunder, has designated.
All payments made pursuant to this Agreement to the Seller Representative on behalf of the Sellers shall (i) be allocated among
the Companies in accordance with an allocation set forth on <U>Exhibit A</U> and (ii) be paid to the Sellers in accordance with
such allocation and in proportion to their respective Equity Interests of the Companies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena007_v1"></A>2.4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Determination
of Net Working Capital, Closing Cash, Funded Indebtedness, Company Transaction Expenses and 2016 Incentive Compensation Amount.&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Balance Sheet</U>. As used in this Agreement, &ldquo;<U>Balance Sheet</U>&rdquo; shall mean a schedule in the form of
a combined and consolidated balance sheet of the Companies as of the Effective Time showing the net book values, as of a specified
time, substantially as set forth on <U>Schedule 2.4</U>. Each Balance Sheet shall be prepared in accordance with generally accepted
accounting principles in the United States applied on a consistent basis (&ldquo;<U>GAAP</U>&rdquo;) consistent with the methodology
set forth on <U>Exhibit 2.4(a)</U>, which methodology is consistent with GAAP (collectively, the &ldquo;<U>Accounting Principles</U>&rdquo;).
Without limitation, for purposes of preparing the Preliminary Closing Balance Sheet, the Companies shall complete a physical inventory
as of the Effective Time, and Buyer and the Seller Representative shall have the right to reasonably monitor and/or reasonably
participate in such physical inventory.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Estimated Closing Balance Sheet</U>. Not less than three (3) Business Days prior to the Closing Date, the Companies
and the Sellers shall, in consultation with Buyer, prepare, or cause to be prepared, and deliver to Buyer an estimated Balance
Sheet as of the Effective Time, which shall represent the Companies&rsquo; and the Sellers&rsquo; reasonable estimate of (i) Net
Working Capital as of the Effective Time, (ii) Closing Cash, (iii) Funded Indebtedness as of the Effective Time, (iv) Company
Transaction Expenses as of the Effective Time (which estimates in items 2.4(b)((i) through (iv)) shall be reasonably acceptable
to Buyer and (v) the Estimated 2016 Incentive Compensation Amount. The estimated Balance Sheet as delivered by the Companies and
the Sellers and reasonably acceptable to Buyer pursuant to this <U>Section 2.4(b)</U> is referred to as the &ldquo;<U>Estimated
Closing Balance Sheet</U>&rdquo;. In connection with the determination of the Estimated Closing Balance Sheet, the Companies and
the Sellers shall provide Buyer with such information and detail as Buyer reasonably requests.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Preliminary
Closing Balance Sheet</U>. Within forty-five (45) days after the Closing, Buyer and the Companies shall prepare, or cause to
be prepared, and delivered to the Seller Representative a Balance Sheet as of the Effective Time (the &ldquo;<U>Preliminary
Closing Balance Sheet</U>&rdquo;). The Preliminary Closing Balance Sheet shall set forth (i) the amount of the Net Working
Capital as of the Effective Time, (ii) the amount of Closing Cash, (iii) the amount of Funded Indebtedness as of the
Effective Time, (iv) the amount of Company Transaction Expenses as of the Effective Time; (v) the amount of the Estimated
2016 Incentive Compensation Amount actually paid to or to be paid to those Persons set forth on <U>Schedule 8.18(iii)
8.18(eee)</U>, and (vi) the amount of any adjustment to the Purchase Price to be paid and by whom pursuant to <U>Section
2.2(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Objection to Preliminary Closing Balance Sheet</U>. After the Preliminary Closing Balance Sheet is delivered to the
Seller Representative pursuant to <U>Section 2.4(c)</U>, the Seller Representative shall have thirty (30) days to review and respond
to it in accordance with this <U>Section 2.4(d)</U>. If the Seller Representative determines that the Preliminary Closing Balance
Sheet has not been prepared in accordance with <U>Section 2.4(a)</U> or <U>Section 2.4(c)</U>, then the Seller Representative
shall inform Buyer on or before the last day of such thirty (30) day period by delivering written notice to Buyer (the &ldquo;<U>Balance
Sheet Objection</U>&rdquo;) which shall (i) set forth a reasonable description of the basis of the Balance Sheet Objection and
the adjustments to the Preliminary Closing Balance Sheet that the Seller Representative believes should be made and (ii) only
include objections based on mathematical errors or based on the Preliminary Closing Balance Sheet not being prepared in accordance
with <U>Section 2.4(a)</U> or <U>Section 2.4(c)</U>. If no Balance Sheet Objection is delivered to Buyer within such thirty (30)
day period, then the Sellers shall be deemed to have accepted the Preliminary Closing Balance Sheet.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Response to Balance Sheet Objection</U>. If a Balance Sheet Objection is delivered to Buyer pursuant to <U>Section 2.4(d)</U>,
then Buyer shall have thirty (30) days to review and respond to the Balance Sheet Objection by delivering written notice to the
Seller Representative setting forth a reasonable description of the scope of its disagreement with the information contained in
it. If no such written notice is delivered to the Seller Representative within such thirty (30) day period, then Buyer shall be
deemed to have accepted the Balance Sheet Objection.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Dispute Resolution Following Objection</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Negotiation</U>. If Buyer delivers a written notice to the Seller Representative in response to a Balance Sheet Objection
pursuant to <U>Section 2.4(e)</U>, then Buyer and the Seller Representative shall promptly meet (in person, by telephone or otherwise)
and attempt in good faith to resolve any dispute or disagreement relating to the Preliminary Closing Balance Sheet, the calculation
of Net Working Capital as of the Effective Time and the calculation of Closing Cash, the Funded Indebtedness or the Company Transaction
Expenses (the &ldquo;<U>Balance Sheet Dispute</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Resolution by CPA Firm</U>. If Buyer and the Seller Representative are unable to resolve the Balance Sheet Dispute within
thirty (30) days following the delivery of a Balance Sheet Objection to Buyer, then, at any time thereafter, Buyer or the Seller
Representative may elect to have the Balance Sheet Dispute resolved by Citrin Cooperman; provided, that, (i) if at such time either
the Seller Representative or Buyer shall discover a bona fide conflict with respect to Citrin Cooperman or (ii) if Citrin Cooperman
does not accept the engagement, then by another independent nationally recognized accounting firm as to which Buyer and the Seller
Representative mutually agree (the &ldquo;<U>CPA Firm</U>&rdquo;), which shall, acting as an expert and not as an arbitrator,
determine on the basis of the standards set forth in <U>Sections&nbsp;2.4(a)</U> and <U>2.4(c)</U>, and only with respect to the
remaining accounting-related differences so submitted to the CPA Firm (and not by independent review and without regard to any
objections of the Seller Representative that are not described in the Balance Sheet Objection), whether and to what extent, if
any, the Net Working Capital, the amount of the Company Cash or the amount of the Funded Indebtedness or the Company Transaction
Expenses, as derived from the Preliminary Closing Balance Sheet requires adjustment. In connection with the engagement of the
CPA Firm, each Party shall execute reasonable engagement letters and supply such other documents and information as the CPA Firm
reasonably requires or as such Party deems appropriate. The CPA Firm shall be instructed to use every reasonable effort to perform
its services within fifteen (15) days after submission of the Balance Sheet Dispute to it and, in any case, as soon as practicable
after such submission. In resolving the Balance Sheet Dispute, the CPA Firm (A) shall utilize the criteria set forth in <U>Section&nbsp;2.4(a)
</U>and (B) shall not assign a value to any item greater than the greatest value for such item claimed by any Party, or less than
the smallest value for such item claimed by any Party, as set forth in the Preliminary Closing Balance Sheet and the Balance Sheet
Objection.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Payment of Fees of CPA Firm</U>. The fees, costs and expenses of the CPA Firm shall be borne by the Parties in inverse
proportion to the relative success of the Parties relating to the disputed items submitted to the CPA Firm, with such determination
of relative success made by the CPA Firm, or if the CPA Firm is unwilling to make such a determination, then such fees, costs
and expenses shall be borne 50% by Buyer and 50% by the Sellers. For example, should the amount of the items in dispute total
$1,000 and the CPA Firm awards $600 in favor of the Sellers&rsquo; position, 60% of the costs of its review would be borne by
Buyer and 40% of the costs would be borne by the Sellers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Final Closing Balance Sheet</U>. As used in this Agreement, the &ldquo;<U>Final Closing Balance Sheet</U>&rdquo; shall
be: (i) the Preliminary Closing Balance Sheet if no Balance Sheet Objection is delivered to Buyer during the thirty (30) day period
specified in <U>Section 2.4(d)</U>; (ii) the Preliminary Closing Balance Sheet, adjusted in accordance with the Balance Sheet
Objection, if Buyer does not provide the Seller Representative with a written notice of disagreement in response to the Balance
Sheet Objection within the thirty (30) day period specified in <U>Section 2.4(e)</U>; or (iii) the Preliminary Closing Balance
Sheet, as adjusted by (A) the written agreement of Buyer and the Seller Representative and/or (B) the CPA Firm in accordance with
<U>Section 2.4(f)(ii)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena008_v1"></A>2.5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Repayment of Funded Indebtedness and Company Transaction Expenses. Prior to the Closing, the Sellers shall cause the Companies
to repay and discharge all outstanding obligations of the Companies which constitute Funded Indebtedness and Company Transaction
Expenses as of the Effective Time, including, but not limited to, the amounts referenced on <U>Schedule 2.5</U> hereto. However,
the Sellers shall have the right to cause the repayment of such obligations by instructing Buyer to deduct from the Purchase Price
to be delivered to the Sellers at the Closing the amount of such obligations and pay such amounts directly to the obligors in
satisfaction of such obligations. To the extent any Funded Indebtedness or Company Transaction Expenses are not paid as of the
Effective Time, any such unpaid amounts shall be included in the Estimated Closing Balance Sheet and subject to the adjustment
mechanisms set forth in <U>Section 2.4</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena009_v1"></A>2.6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Withholding.
Buyer shall be entitled to deduct and withhold from any amount otherwise payable pursuant to this Agreement any Taxes required
to be deducted and withheld under any provision of applicable Law. Buyer and the Sellers shall reasonably cooperate with each
other to minimize the amounts required to be deducted and withheld. If, pursuant to this <U>Section 2.6</U>, any Tax is withheld
from any amount otherwise payable to a Seller, the withheld amount shall be treated for all purposes of this Agreement as having
been paid to the Seller. Buyer shall pay over to the appropriate Governmental Entities all amounts withheld under this <U>Section
2.6</U>. Within thirty (30) days after the date of payment by Buyer of any Taxes so withheld, Buyer shall furnish to the Sellers
such evidence of payment as is reasonably satisfactory to the Sellers.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena010_v1"></A><B>3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B>REPRESENTATIONS AND WARRANTIES OF THE SELLERS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">As an
inducement to Buyer to execute and deliver this Agreement, the Sellers, jointly and severally, make the following representations
and warranties to Buyer as of the Closing Date, except as set forth in the disclosure schedule delivered to Buyer in connection
with this Agreement (individually, a &ldquo;<U>Schedule</U>&rdquo; and collectively, the &ldquo;<U>Disclosure Schedule</U>&rdquo;)
and shall survive the consummation of the transactions contemplated hereby in accordance with <U>Section 6.5</U>. The inclusion
of any information in the Disclosure Schedule shall not be deemed an admission or acknowledgement, in and of itself or solely
by virtue of the inclusion of such information in the Disclosure Schedule, that such information is required to be contained in
the Disclosure Schedule or that such information is material to the Companies. The Disclosure Schedule has been arranged for purposes
of convenience only, in sections corresponding to the Sections of this Agreement. Any information set forth in or incorporated
into any section of the Disclosure Schedule shall be deemed to be disclosed in any other section of the Disclosure Schedule to
the extent the applicability of such disclosed item to another section of this <U>Article 3</U> is reasonably apparent on its
face.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena011_v1"></A>3.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Corporate&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Organization</U>. Schwartz &amp; Benjamin, Inc. is a corporation duly organized, validly existing and in good standing
under the laws of the State of New York. B.D.S., Inc. is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware. Quinby Ridge Enterprises LLC is a limited liability company duly organized, validly existing
and in good standing under the laws of the State of Delaware. DANIELBARBARA ENTERPRISES LLC is a limited liability company duly
organized, validly existing and in good standing under the laws of the State of New York.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Corporate Power</U>. Each Company has all requisite corporate power and authority to own, operate and lease its assets,
to carry on the Business as and where such is currently conducted, and to execute and deliver this Agreement and the other documents
and instruments to be executed and delivered by such Company pursuant hereto and to carry out the transactions contemplated hereby
and thereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Qualification</U>. Each Company is duly licensed or qualified to do business as a foreign corporation or limited liability
company, as applicable, and is in good standing, in each jurisdiction in which the character of the assets owned or leased by
it, or the nature of its business, makes such licensing or qualification necessary, except where the failure to be so licensed
or qualified would not have, or be reasonably likely to have, a Material Adverse Effect. <U>Schedule 3.1(c)</U> sets forth a correct
and complete list of the jurisdictions in which each Company is duly licensed or qualified to do business as a foreign corporation
or limited liability company, as applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Subsidiaries</U>. The Companies do not directly or indirectly own any capital stock or other equity or ownership
securities of any corporation, limited liability company, partnership or other entity.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Corporate Documents</U>. Each Company has made available to Buyer correct and complete copies of its charter, bylaws,
limited liability company agreement or similar organizational documents, including any amendments thereto. The corporate minute
book and stock records of each Company made available for Buyer&rsquo;s inspection are correct and complete copies of such instruments
and accurately reflect all material corporate action that the Companies have taken since January 1, 2012. Set forth in <U>Schedule
3.1(e)</U> is a correct and complete list of the directors and officers of each Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Capitalization</U>. The authorized capital stock or limited liability company units, as applicable, and the par value
thereof, of each Company is set forth on <U>Schedule 3.1(f)</U>. No shares of such capital stock or limited liability units are
issued or outstanding except for such equity interests of the Companies as set forth on <U>Schedule 3.1(f)</U>, which are owned
of record and beneficially by the Sellers in the amounts set forth in <U>Schedule 3.1(f)</U>. All Equity Interests are validly
issued, fully paid and nonassessable. There are no (i) securities convertible into or exchangeable for any capital stock or other
securities of any Company, (ii) options, warrants or other rights to purchase or subscribe to capital stock or other securities
of any Company or securities that are convertible into or exchangeable for capital stock or other securities of any Company or
(iii) Contracts of any kind relating to the issuance, sale or transfer of any capital stock or other securities of any Company,
any such convertible or exchangeable securities or any such options, warrants or other rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena012_v1"></A>3.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Sellers. Each Seller, if such Seller is an individual, has full power, legal right and authority to execute and deliver
this Agreement and the other documents and instruments to be executed and delivered by such Seller pursuant hereto and to carry
out the transactions contemplated hereby and thereby. Each Seller, if such Seller is a trust, is a legally created and existing
inter vivos trust and has full power, legal right and authority to execute and deliver this Agreement and the other documents
and instruments to be executed and delivered by such Seller pursuant hereto and to carry out the transactions contemplated hereby
and thereby. The Sellers have, and at the Closing Buyer will receive, good and marketable fee title to the Equity Interests, free
and clear of all Liens (other than any transfer restrictions imposed by federal and state securities laws).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena013_v1"></A>3.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Authority. The execution and delivery of this Agreement and the other documents and instruments to be executed and delivered
by the Companies or any Seller pursuant hereto and the consummation of the transactions contemplated hereby and thereby have been
duly authorized by the Companies and the Sellers. No other or further corporate or limited liability company act or proceeding
on the part of the Companies or any Seller is necessary to authorize this Agreement or the other documents and instruments to
be executed and delivered by the Companies or any Seller pursuant hereto or the consummation of the transactions contemplated
hereby and thereby. This Agreement constitutes, and when executed and delivered, the other documents and instruments to be executed
and delivered by the Companies or the Sellers pursuant hereto will constitute, valid and binding agreements of the Companies and
the Sellers, as the case may be, enforceable in accordance with their respective terms, subject to (i) the effects of bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium or other similar Laws relating to or affecting the enforcement of
creditors&rsquo; rights generally or (ii) Laws relating to the availability of specific performance, injunctive relief, or other
equitable remedies.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena014_v1"></A>3.4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Violation. Neither the execution and delivery of this Agreement or the other documents and instruments to be executed
and delivered by the Companies or any Seller pursuant hereto nor the consummation by the Companies or any Seller of the transactions
contemplated hereby and thereby (a) will conflict with or violate any term or provision of the charter, bylaws, limited liability
company agreements or similar organizational documents of the Companies, (b) will violate any applicable statute, law (including
common law), ordinance, rule or regulation (collectively, &ldquo;<U>Laws</U>&rdquo;) or any order, writ, injunction, judgment,
plan or decree (collectively, &ldquo;<U>Orders</U>&rdquo;) of any government, court, arbitrator, department, commission, board,
bureau, agency, authority, instrumentality or other body, whether federal, state, municipal, county, local, foreign, supranational
or other (each, a &ldquo;<U>Governmental Entity</U>&rdquo; and collectively, &ldquo;<U>Governmental Entities</U>&rdquo;), (c)
will require any authorization, consent, approval, exemption or other action by or notice to any Governmental Entity or (d) subject
to obtaining the consents, and providing the notices, described in <U>Schedule 3.4</U>, will violate or conflict with, or constitute
a default (or an event that, with notice or lapse of time, or both, would constitute a default) under, or will result in the termination
of, or accelerate the performance required by, or result in the creation of any Lien upon any of the capital stock or other equity
or ownership securities (including the Equity Interests), or any of the assets, of the Companies under any Material Contract or
restriction of any kind or character to which any Company or any Seller is a party or by which any Company or any Seller or any
of their respective assets or properties may be bound or affected.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena015_v1"></A>3.5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Financial Matters&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Financial Statements</U>. Included as <U>Schedule 3.5</U> are the following financial statements of the Companies (collectively,
the &ldquo;<U>Financial Statements</U>&rdquo;): (i) the audited financial statements (including the combined and consolidated
balance sheets and combined and consolidated statements of earnings, shareholders&rsquo; and members&rsquo; equity and cash flows)
of the Companies for each of the fiscal years ended December 31, 2013, 2014 and 2015 (including the notes contained therein or
annexed thereto) and (ii) an unaudited combined and consolidated balance sheet of the Companies as of<B> </B>December 31, 2016
(the &ldquo;<U>Recent Balance Sheet</U>&rdquo;), and the related unaudited statements of earnings, shareholders&rsquo; and members&rsquo;
equity and cash flows for the ten (10) months then ended. The Financial Statements (A) are correct and complete in all material
respects; (B) are prepared from and consistent with such financial statements as have been prepared and used by the Companies
in the ordinary course of managing their business and measuring and reporting their operating results; (C) are prepared in accordance
with GAAP applied on a consistent basis and consistent with the Accounting Principles (except, in the case of unaudited statements,
for the absence of footnotes and year-end audit adjustments)<B> </B>and with the books and records of the Companies; and (D) fairly
present the assets, Liabilities, financial position, results of operations and cash flows of the Companies as of the dates and
for the periods indicated in all material respects.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Companies have no Knowledge of any fraud by management or employees of the Business with respect to the internal control
over financial reporting of the Companies.&nbsp; Neither the Companies nor, to the Knowledge of the Companies, any banking, financial
or other outside advisors or independent accountants of the Companies has received any material written complaint, allegation,
assertion or claim regarding the accounting or auditing practices, procedures, methodologies or methods of the Companies or their
respective internal accounting controls, including any material complaint, allegation, assertion or claim that the Companies have
engaged in questionable or fraudulent accounting or auditing practices.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena016_v1"></A>3.6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Tax Matters&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Each Group 1 Company is, and since its formation has been, a validly electing S corporation within the meaning of Sections
1361 and 1362 of the Code. No Group 1 Company owns, and no Group 1 Company has ever owned, the stock of any corporation that is
a qualified subchapter S subsidiary as defined in Section 1361(b)(3)(B) of the Code with respect to such Group 1 Company. No Group
1 Company has, in the past five (5) years, (i) acquired assets of another corporation in a transaction in which such Group 1 Company&rsquo;s
(or such qualified subchapter S subsidiary&rsquo;s) Tax basis in the acquired assets was determined, in whole or in part, by reference
to the Tax basis of the acquired assets in the hands of the transferor or (ii) acquired the stock of any corporation that is a
qualified subchapter S subsidiary. No Group 1 Company will be liable for any Tax under Section 1374 of the Code in connection
with the deemed sale of the assets of the Group 1 Company caused by a &sect;338(h)(10) Election. Each Group 2 Company is, and
since its formation has been, classified for federal income tax purposes as a partnership. S&amp;B is a qualified subchapter S
subsidiary as defined in Section 1361(b)(3)(B) of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Since the date of the Recent Balance Sheet, no Company has (i) changed a method of accounting for Tax purposes, (ii) surrendered
any right to a Tax refund, (iii) changed an accounting period with respect to Taxes, (iv) filed an amended Tax Return, or (v)
made, changed, or revoked any election with respect to Taxes. Each Company has duly withheld and paid all Taxes that it is required
to withhold and pay in connection with amounts paid or owing to any employee, independent contractor, creditor, shareholder or
other third party of such Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>All material Tax Returns required to be filed by or on behalf of the Companies have been timely filed and, when filed,
were correct and complete. Correct and complete copies of all U.S. federal income tax returns filed by each Company for taxable
periods ending on or after December 31, 2013 have been made available to Buyer. No Company is currently a beneficiary of any extension
of time within which to file any Tax Return.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No written Claim has been made within the past three (3) years by any Governmental Entity in a jurisdiction in which a
Company does not file Tax Returns that it is or may be subject to taxation by that jurisdiction. The Tax Returns of the Companies
for taxable periods ending on or after December 31, 2013 that are under audit or have been audited by any Governmental Entity
are set forth in <U>Schedule 3.6(d)</U>. No Company has received from any Governmental Entity any written notice of underpayment
or assessment of material Taxes or other material deficiency that has not been paid or any written objection to any Tax Return
filed by such Company. There are no outstanding Contracts or waivers extending the statutory period of limitations for assessing
or collecting any Tax from any Company, and none has been requested. There is no material dispute or claim concerning any Tax
of any Company either (i) claimed or raised by any Governmental Entity in writing or (ii) as to which any Seller or the directors
and officers (and employees responsible for Tax matters) of any Company has knowledge based upon personal contact with any agent
of any Governmental Entity.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No Company has ever been a member of an affiliated group of corporations that filed a consolidated U.S. federal income
Tax Return or has ever been a member that filed a combined, but not unitary, return for state income Tax purposes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The assets of the Companies are not subject to any Liens for Taxes other than Permitted Tax Liens. The Equity Interests
are not subject to any Liens for Taxes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No Company has participated in a &ldquo;<U>listed transaction</U>&rdquo; within the meaning of Treasury Regulation Section
1.6011-4.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No Company has (i) applied for any Tax ruling, (ii) entered into a closing agreement as described in Section 7121 of the
Code or otherwise (or any corresponding or similar provision of any state, local or foreign Tax Law) or (iii) is obligated to
make any distribution or other payment after the Closing Date to any Seller in connection with the Tax liability of the Seller
with respect to income of the Company for taxable periods ending on or before the Closing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No Company is, or within the 5-year period ending on the Closing Date will have been, a &ldquo;<U>United States real property
holding corporation</U>&rdquo; within the meaning of Section 897(c)(2) of the Code. No Seller is a &ldquo;<U>foreign person</U>&rdquo;
(within the meaning of Section 1445 of the Code).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No Company has been a &ldquo;<U>distributing corporation</U>&rdquo; or a &ldquo;<U>controlled corporation</U>&rdquo; (within
the meaning of Section 355 of the Code) with respect to a transaction described in Section 355 of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No Company has ever been party to any income Tax allocation, Tax sharing or Tax indemnification Contract, other than with
respect to standard terms and conditions of an agreement for the purchase or sale of products or services in the ordinary course
of business including any standard customer software license or had any liability for the Taxes of any Person as a transferee
or successor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No Company will be required to include any item of income in, or exclude any item of deduction from, taxable income for any
taxable period (or portion thereof) ending after the Closing Date as a result of any (i) change in method of accounting (or use
of an improper method of accounting) for a taxable period ending on or prior to the Closing Date, (ii) &ldquo;<U>closing agreement</U>&rdquo;
as described in Section 7121 of the Code (or any corresponding or similar provision of state, local, or foreign Tax law) executed
on or prior to the Closing Date, (iii) installment sale or open transaction disposition made on or prior to the Closing Date,
(iv) prepaid amount received on or prior to the Closing Date, or (v) any cancellation of indebtedness pursuant to an election
under Section 108(i) of the Code.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena017_v1"></A>3.7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Accounts Receivable. All accounts receivable and notes receivable of the Business reflected on the Recent Balance Sheet,
and all accounts receivable and notes receivable of the Business that have arisen since the date of the Recent Balance Sheet,
(a) arose in the ordinary course of business consistent with past practice, (b) represent valid obligations to the Companies arising
from bona fide transactions, (c) are collectible (net of reserves for doubtful accounts shown on the Recent Balance Sheet in the
case of accounts receivable and notes receivable reflected on the Recent Balance Sheet and net of reserves for doubtful accounts
shown on the Final Closing Balance Sheet in the case of accounts receivable and notes receivable existing as of the Closing Date)
in the ordinary course of business consistent with past practice, and (d) to the Knowledge of the Companies, are not subject to
counterclaim or setoff and are not in dispute.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena018_v1"></A>3.8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Inventory. All Inventory reflected on the Recent Balance Sheet (a) had a commercial value at least equal to the value shown
on the face of the Recent Balance Sheet, (b) is valued in accordance with GAAP and consistent with the Accounting Principles at
the lower of (i) cost (on a first-in, first-out basis) or (ii) market (and giving effect to cost of disposal), and (c) consists
of a quality and quantity usable and saleable in the ordinary course of business, except for slow-moving, damaged or obsolete
items (all of which have been written down to net realizable value or for which adequate reserves have been provided and all intercompany
profit or other mark-up has been eliminated). All Inventory manufactured or purchased since the date of the Recent Balance Sheet
consists of a quality and quantity usable and saleable in the ordinary course of business. Except as set forth in <U>Schedule
3.8</U>, all Inventory is located at, or is in transit to or from, the Facilities. Except as set forth in <U>Schedule 3.8</U>,
(i) all work-in-process, if any, contained in Inventory constitutes items in process of production pursuant to Contracts entered
into (including orders taken) in the ordinary course of business by customers of the Companies, (ii) neither the Companies nor,
to the Knowledge of the Companies, any such customer is in material breach of the terms of any obligation to the other, and (iii)
no valid grounds exist for any set off of amounts billable to such customers on the completion of the Contract to which work-in-process
relates. The Companies will have on hand as of the Closing such quantities of Inventory as are reasonably required to continue
the Business immediately after the Closing consistent with past practice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena020_v1"></A>3.9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Absence of Certain Changes. Except as and to the extent set forth in <U>Schedule 3.9</U> and as otherwise contemplated
in this Agreement, since September 30, 2016, the Companies have conducted the Business in the ordinary course of business, including
with respect to payment of Liabilities, consistent with past practice, and there has not been:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Adverse Change</U>. Any material adverse change in the conduct, financial condition, assets, Liabilities, Business,
prospects or operations of the Companies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Damage</U>. Any material loss, damage or destruction, whether covered by insurance or not, relating to or affecting
the Business, assets or Liabilities of the Companies.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Increase in Compensation</U>. Other than in the ordinary course of business consistent with past practice, any increase
in the compensation, salaries, commissions or wages payable or to become payable to any employees or agents of any Company, including
any bonus or other employee benefit granted, made or accrued in respect of such employees or agents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Distributions</U>. Any declaration, setting aside or payment of any dividend or other distribution in respect of
the Equity Interests; any redemption, purchase or other acquisition by any Company of any capital stock or other securities of
any Company; or any other payment of any kind to any of the Sellers, except for regular payments of base salary, benefits under
Employee Plans/Agreements applicable to the employees of the Companies generally and reimbursement of expenses in accordance with
the Companies&rsquo; expense reimbursement policy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Increase in Affiliate Obligations. Any increase in any Company&rsquo;s investment in, receivable from or payable to any Affiliate
of any Company, other than to or from any other Company.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Disposition of Property</U>. Any sale, lease, grant or other transfer or disposition of any assets of any Company
having a fair market value in excess of twenty five thousand dollars ($25,000), except for the sale of Inventory items in the
ordinary course of business consistent with past practice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Material Acquisitions</U>. Any merger or consolidation with, any acquisition of an interest in or any acquisition
of a substantial portion of the assets or business of any Person or entity, or any other acquisition of any material assets, other
than acquisitions of Inventory in the ordinary course of business consistent with past practice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Indebtedness</U>. Any indebtedness incurred, assumed or guaranteed by any Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Amendment of Contracts, Rights</U>. Except to the extent permitted or required by this Agreement, (i) any entering
into, amendment or early termination of any Contract relating to employment, and providing for total annual salary in excess of
Seventy-Five Thousand Dollars ($75,000), to which any Company is a party; (ii) any entering into, amendment or early termination
of any Contract between any Company and any shareholder, member, director, manager or officer of any Company (or with any relative,
beneficiary, spouse or Affiliate of any such person); (iii) any entering into, amendment or early termination of any Material
Contract to which any Company is a party; (iv) any release or waiver of any material claims or rights under any Material Contract
to which any Company is a party, other than in the ordinary course of business consistent with past practice; or (v) any renewal
notice period or option period permitted to lapse with respect to any Material Contract or any notice of termination of any Material
Contract, except for terminations of Material Contracts upon their expiration in accordance with their terms.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Loans and Advances</U>. Any loan or advance made by any Company to any Person or entity, other than advances for travel
and entertainment made to any Company&rsquo;s employees in the ordinary course of business consistent with past practice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Credit</U>. Any grant of credit by any Company to any customer (including any distributor) of any Company on terms or
in amounts materially more favorable in the aggregate than those that have been extended to such customer in the past, any other
change in the terms of any credit heretofore extended by any Company or any other change of the Companies&rsquo; policies or practices
with respect to the granting of credit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Discharge of Obligations</U>. Any discharge, satisfaction or agreement to satisfy or discharge any Liability of the
Companies, other than the discharge or satisfaction in the ordinary course of business of current Liabilities reflected on the
face of the Recent Balance Sheet and of current Liabilities incurred since the date of the Recent Balance Sheet in the ordinary
course of business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Settlement of Claims</U>. Cancellation or compromise of any debt or claim, or amendment, cancellation, termination,
relinquishment, waiver or release of any Contract or right, except in the ordinary course of business consistent with past practices
and which, in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Deferral of Liabilities</U>. Any deferral, extension or failure to pay any of the material Liabilities of the Companies
as and when the same become due or any allowance of the level of the Liabilities of the Companies to increase in any material
respect or any prepayment of any of the Liabilities of the Companies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Accounting Principles</U>. Any material change in the Companies financial or Tax accounting principles or methods, except
to the extent required by GAAP.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Organizational Documents</U>. Any amendment to or restatement of any of the organizational documents of any Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Liens</U>. Any material properties or assets (real, personal or mixed, tangible or intangible) of the Companies being
subjected to any Liens, except for Permitted Liens.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Employee Benefit Plans/Agreements</U>. Any adoption or, except as required by Law, amendment of any Employee Benefit
Plans/Agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(s)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Employees</U>. Any loss of the services of an employee whose annual salary exceeded Seventy-Five Thousand Dollars ($75,000).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(t)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Commitments</U>. Any entering into, amending or early termination of any Contract to take any of the actions specified
in this <U>Section 3.9</U>, other than pursuant to this Agreement and the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena021_v1"></A>3.10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Absence of Undisclosed Liabilities. Except as and to the extent specifically set forth on the face of the Recent Balance
Sheet, or in <U>Schedule 3.10</U>, the Companies have no Liabilities, other than: (a) Liabilities incurred since the date of the
Recent Balance Sheet in the ordinary course of business consistent with past practice, none of which has had or is reasonably
likely to have a Material Adverse Effect; or (b) Liabilities under Material Contracts or under Contracts entered into in the ordinary
course of business which are not required to be disclosed thereon due to specified dollar thresholds or other limitations (excluding,
in each case, any liability for any breach of any such Contract).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena022_v1"></A>3.11.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No Litigation. Except as set forth in <U>Schedule 3.11</U>, there is no Litigation pending or, to the Knowledge of the
Companies, threatened or anticipated against any Company or its current or former shareholders, member, directors, managers or
officers or its Business, assets or Liabilities. To the Knowledge of the Companies, no event has occurred or action taken that
is reasonably likely to result in such Litigation. Except as set forth in <U>Schedule 3.11</U>, none of the Companies, their material
assets or Liabilities, or the Business is subject to any Order.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena023_v1"></A>3.12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Compliance
With Laws and Orders&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Laws and Orders</U>. Except as set forth in <U>Schedule 3.12(a)</U>, the Companies are, and have been since January
1, 2012, in material compliance with all applicable Laws and Orders. Except as set forth in <U>Schedule 3.12(a)</U>, the Companies
have not received written notice of any material violation or alleged material violation of any Laws or Orders which are not or
which will not be as of Closing fully resolved. All reports, filings and returns required to be filed by or on behalf of any Company
with any Governmental Entity have been filed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Licenses and Permits</U>. The Companies have all material licenses, permits, approvals, registrations, certifications,
consents and listings (&ldquo;<U>Licenses</U>&rdquo;) of all Governmental Entities and of all certification organizations required,
and all exemptions from requirements to obtain or apply for any of the foregoing, for the conduct of the Business and the operation
of the Facilities. True and correct copies of all such Licenses have been provided to Buyer. The Licenses are in full force and
effect and will not be affected or made subject to any loss, limitation or obligation to reapply as a result of the consummation
of the transactions contemplated hereby. The Companies are, and since January 1, 2012, have been, in material compliance with
all such Licenses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Environmental Matters</U>. Without limiting the generality of the foregoing provisions of this <U>Section 3.12</U>,
except for past violations for which the Company is not subject to any current Liability and cannot become subject to any future
Liability, and except as set forth in <U>Schedule 3.12(c)</U>, the Companies (including their respective business and assets)
are, and since January 1, 2012 have been, in compliance with all applicable Environmental Laws. To the Knowledge of the Companies
and except as set forth in <U>Schedule 3.12(c)</U>, there are no (and no Company has received any written notice alleging any)
past or present (or, to the Knowledge of the Companies, future) events, conditions, circumstances, activities, practices, incidents,
violations, actions, omissions or plans that may or are alleged to (i) interfere with or prevent compliance or continued compliance
by the Companies with all applicable Environmental Laws or (ii) give rise to any Liability, including Liability under the Comprehensive
Environmental Response, Compensation, and Liability Act, as amended, or similar state, municipal, county, local, foreign, supranational
or other Laws, or otherwise form the basis of any Litigation, based on or related to the manufacture, processing, distribution,
use, treatment, storage, disposal, transport or handling, or the emission, discharge, release or threatened or anticipated release
into the environment, of any Waste. Correct and complete copies of all environmental studies (including, without limitation, Phase
1 and Phase 2 reports and environmental compliance studies or audits) issued in the possession or control of any Company or any
Seller that relate to actual or potential compliance or non-compliance with, or Liabilities of any Company under applicable Environmental
Laws have been made available to Buyer. To the Knowledge of the Companies (A) no portion of any of the Real Property has been
used as a landfill or for storage or landfill of Waste, (B) no underground storage tanks have been present on any of the Real
Property, (C) no transformers or capacitors containing polychlorinated biphenyls (PCBs) have been present on any of the Real Property
and (D) no asbestos is contained in or forms a part of any building, building component, structure, office space or equipment
owned, operated, leased, managed or controlled by any Company or located on the Real Property.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Antibribery &amp; Anticorruption</U>. The Companies, their Affiliates, and, all of their respective directors, officers,
employees, or agents have not (i) made or promised to make, directly or indirectly, any unlawful payment or unlawful transfer
of anything of value to any government official, Governmental Entity, government-owned or -controlled company, public international
organization, political party or organization or official or candidate thereof, or any other Person; (ii) violated the United
States Foreign Corrupt Practices Act of 1977, as amended (15 U.S.C. &sect; 78dd-1, et seq.) or any Law of similar effect in any
material respect in the foreign jurisdictions where they conduct the Business (collectively &ldquo;<U>Anticorruption Laws</U>&rdquo;);
or (iii) offered, promised, accepted, or received any unlawful payments, contributions, expenditures or gifts, or anything else
of value, including bribes, gratuities, kickbacks, lobbying expenditures, political contributions, and contingent fee payments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">The Companies,
their Affiliates, all of their respective directors, officers, employees, and, to the Knowledge of the Companies, agents are not
and have not been the subject of any voluntary disclosure, investigation, prosecution, or other enforcement action related to
the Anticorruption Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Export Controls, Economic Sanctions, and Antiboycott</U>. The Companies, their Affiliates, and, all of their respective
directors, officers, employees, or agents have materially complied with, and continue to comply in all material respects with,
(i) the Export Administration Act of 1979, as amended (50 U.S.C. app. 2401-2420) and the Export Administration Regulations (15
C.F.R. &sect;&sect; 730-774); (ii) the Arms Export Control Act (22 U.S.C. &sect; 2778) and the corresponding International Traffic
in Arms Regulation (22 C.F.R. &sect;&sect; 120 et seq.); (iii) the economic sanctions laws and regulations enforced by the U.S.
Department of the Treasury&rsquo;s Office of Foreign Assets Control; (31 C.F.R. Part 500 et seq.) and the U.S. Department of State&rsquo;s
Office of Terrorist Financial and Economic Sanctions Policy; (iv) all Anti-Boycott laws, regulations, guidelines, and reporting
requirements, including those issued under the Export Administration Regulations and Section 999 of the Internal Revenue Service
Code; and (v) any Law of similar effect in the foreign jurisdictions where they conduct the Business (collectively &ldquo;<U>Export
Control Laws</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">The Companies,
their Affiliates, and all of their respective directors, officers, employees, and, to the Knowledge of the Companies, agents are
not, and have not been, the subject of any voluntary disclosure, investigation, prosecution, or other enforcement action related
to any of the Export Control Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Anti-Money Laundering Laws</U>. The Companies, their Affiliates, and, all of their respective directors, officers, employees,
and agents have materially complied with, and are presently operating in compliance in all material respects with, all laws related
to terrorism or money laundering including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting
Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading
with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079),
any other enabling legislation, executive order or regulations issued pursuant or relating thereto (collectively &ldquo;<U>Anti-Money
Laundering Laws</U>&rdquo;), and (iv) other applicable federal or state laws relating to &ldquo;<U>know your customer</U>&rdquo;
or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Entity with
respect to compliance with such anti-money laundering laws is pending or, to the Knowledge of the Companies, threatened.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">The
Companies, their Affiliates, and all of their respective directors, officers, employees, and, to the Knowledge of the Companies,
agents are not, and have not been the subject of any voluntary disclosure, investigation, prosecution, or other enforcement action
related to any Anti-Money Laundering Laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Customs and Import Laws</U>. The Companies and all of their respective directors, officers, employees, and agents have
materially complied with, and are presently operating in compliance in all material respects with, all U.S. import and customs
laws and any Law of similar effect in the foreign jurisdictions where they conduct business (collectively &ldquo;<U>Customs Laws</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Companies, their Affiliates, and all of their respective directors, officers, employees, and, to the Knowledge of the Companies,
agents are not, and have not been the subject of any voluntary disclosure, investigation, prosecution, or other enforcement action
related to any of the aforementioned Customs Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena024_v1"></A>3.13.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Title to and Condition of Properties&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Marketable Title</U>. The Companies have good and marketable fee title to, or, in the case of leased or subleased assets,
valid and subsisting leasehold interests in, all of its assets (tangible and intangible), free and clear of all Liens, except
Permitted Liens. Neither the Business nor the Companies&rsquo; assets are subject to any restrictions with respect to the transferability
or divisibility thereof. Except as set forth in <U>Schedule 3.13(a)</U>, the Companies are not using any assets or rights that
are not owned, licensed or leased by them.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Condition</U>. All material tangible assets (real and personal) owned or utilized by the Companies are in good operating
condition and repair in all material respects (subject to normal wear and tear), free from any defects (except for such defects
as do not materially interfere with the use thereof in the conduct of the normal operations of the Business). All buildings, plants
and other structures owned or utilized by the Companies are in good condition and repair in all material respects and have no
structural defects or defects affecting the plumbing, electrical, sewerage, heating, ventilating or air conditioning systems (except
for such defects as do not materially interfere with the use thereof in the conduct of the normal operations of the Business).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Real Property</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Since January 1, 2000, no Company owns and no Company has ever owned any real property. <U>Schedule 3.13(c)(i)</U> lists
any real property since January 1, 2000 formerly owned, leased or operated by any Company other than the Real Property disclosed
in <U>Schedule 3.13(c)(ii)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Schedule 3.13(c)(ii)</U> lists each written lease to which any Company is a party and leases interests in real property
(each, a &ldquo;<U>Real Property Lease</U>&rdquo;) (the real property and interests in real property identified in this sentence,
the &ldquo;<U>Real Property</U>&rdquo;). The Real Property constitute all parcels of real property and interests in real property
used in the conduct of the Business. With respect to any previously leased real property (whether abandoned, canceled, or otherwise),
each Company has paid all amounts owed to the landlords thereunder, including any rent and/or termination fees, and has no other
liabilities associated therewith.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The applicable Company has a valid leasehold interest in each Real Property lease and each such leasehold interest is free
and clear of all Liens other than Permitted Liens.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Companies have previously made available to Buyer true, correct and complete copies of each Real Property Lease, and
all amendments thereto, and each of the Real Property Leases are in full force and effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>To the Knowledge of the Companies, no event has occurred which constitutes, or with the passing of time or giving of notice,
or both, would constitute, a material default under any Real Property Lease.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Companies currently occupy all of the Real Property and there are no subleases or other agreements providing any third
parties with any existing or future right to occupy any Real Property.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>To the Knowledge of the Companies, the use and occupancy of the Real Property by the Companies is in compliance in all
material respects with (A) all applicable building, zoning, subdivision, fire, health and safety, land use and other applicable
Laws, including the Americans with Disabilities Act of 1990, as amended, and (B) all insurance requirements affecting the Real
Property.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>To the Knowledge of the Companies, neither the whole nor any portion of any Real Property is subject to any pending or
proposed condemnation or expropriation by any Governmental Entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">3.14.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Insurance. S<U><A NAME="smaddena025_v1"></A>chedule 3.14</U> sets forth a correct and complete list of all insurance policies currently in effect with
respect to the Business (collectively, the &ldquo;<U>Company Insurance Policies</U>&rdquo;) including the date of expiration and
date through which premiums have been paid with respect to each Company Insurance Policy. The Companies have made available correct
and complete copies of the Company Insurance Policies. The Company Insurance Policies are sufficient in all material respects
for compliance by the Companies with all material requirements of Law and with the requirements of all Material Contracts to which
any Company is a party. Since January 1, 2012, all products liability and general liability policies maintained by or for the
benefit of the Companies have been &ldquo;occurrence&rdquo; policies and not &ldquo;claims made&rdquo; policies. All Company Insurance
Policies are valid, outstanding and enforceable policies. Since January 1, 2012, the Companies have not received any written notice
of cancellation or termination with respect to any Company Insurance Policy, and to the Knowledge of the Companies, no event or
condition exists or has occurred that could result in cancellation of any Company Insurance Policy prior to its scheduled expiration
date. There is no claim by the Companies pending under any Company Insurance Policy as to which coverage has been questioned,
denied or disputed by the underwriters of such policies, and to the Knowledge of the Companies, there is no basis for denial of
any pending claim under any Company Insurance Policy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena026_v1"></A>3.15.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Contracts and Commitments. Except as set forth in <U>Schedule 3.15</U>:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Real Property Leases</U>. The Companies (whether as lessor, sub-lessor, lessee or sub-lessee) have no Contracts for
the lease or occupancy of Real Property.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Personal Property Leases</U>. The Companies (whether as lessor, sub-lessor, lessee or sub-lessee) have no Contracts
for the lease or use of personal property involving any remaining consideration, termination charge or other expenditure in excess
of Seventy-Five Thousand Dollars ($75,000) (or its foreign currency equivalent as of the date hereof) or involving any remaining
performance over a period of more than twelve (12) months.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Security Agreements</U>. The Companies have no mortgage agreements, deeds of trust, security agreements, purchase money
agreements, conditional sales contracts or capital leases.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Employment Agreements</U>. The Companies have no employment or similar agreement providing for compensation, severance
or a fixed term of employment in respect of services performed by any employee of any Company requiring payments in excess of
Seventy-Five Thousand Dollars ($75,000) per year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Consulting Agreements</U>. The Companies have no management, consulting, independent contractor, subcontractor, retainer
or other similar type of agreement under which services are provided by any Person to such Company with a term of more than one
(1) year or requiring payments in excess of Seventy-Five Thousand Dollars ($75,000) per year or One Hundred Fifty Thousand Dollars
($150,000) in the aggregate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Purchase Commitments</U>. The Companies have no Contracts relating to the purchase of Inventory involving any remaining
consideration, termination charge or other expenditure in excess of Seventy-Five Thousand Dollars ($75,000) (or its foreign currency
equivalent as of the date hereof) to any one supplier or group of affiliated suppliers. The Companies have no Contracts relating
to the purchase of Inventory except those made in the ordinary course of business at arm&rsquo;s length. The Companies have no
Contracts relating to the purchase of Inventory that, together with amounts on hand, constitute more than twelve (12) months normal
usage. The Companies have no Contracts relating to the purchase of equipment, fixed assets or similar goods involving any remaining
consideration, termination charge or other expenditure on the part of such Company in excess of Fifty Thousand Dollars ($50,000)
(or its foreign currency equivalent as of the date hereof).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Sales Commitments</U>. The Companies have no Contracts that aggregate in excess of Seventy-Five Thousand Dollars ($75,000)
(or its foreign currency equivalent as of the date hereof) to any one customer or group of affiliated customers. The Companies
have no sales Contracts except those made in the ordinary course of business at arm&rsquo;s length.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Manufacturing Agreements</U>. The Companies have no manufacturing, distribution or sourcing agreements or arrangements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Powers of Attorney</U>. The Companies have not given a power of attorney or proxy that is currently in effect to any
Person or entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Affiliate Agreements</U>. The Companies have no Contracts with Affiliates or with any entity in which an officer or
director of any Company holds an interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Joint Ventures</U>. The Companies have no partnership, joint venture or similar agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Collective Bargaining Agreements</U>. The Companies have no collective bargaining Contracts with any unions or similar
groups.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Loan Agreements</U>. The Companies have no loan Contracts, promissory note, letter of credit, performance or other type
of bond or other evidence of indebtedness, including any Contract evidencing or relating to Funded Indebtedness, as a signatory,
guarantor or otherwise.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Guarantees</U>. The Companies have not guaranteed the payment or performance of any Person or entity, agreed to indemnify
any Person or entity (except under Contracts entered into by a Company in the ordinary course of business) or to act as a surety,
or otherwise agreed to be contingently or secondarily liable for the obligations of any Person or entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Governmental Contracts</U>. The Companies have no Contracts with any Governmental Entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Agreements Relating to the Company Trade Rights</U>. The Companies have no consulting, development, joint development,
license or similar Contract relating to, or any Contract requiring the assignment of any interest in, any of the Company Trade
Rights (other than software commercially available on shrink-wrap or other non-negotiated terms).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>License Agreements</U>. The Companies have no Contracts relating to the license of Trade Rights to or from any of the
Companies other than standard end user licenses having a value under Ten Thousand Dollars ($10,000).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Restrictive Agreements</U>. The Companies have no Contracts (i) prohibiting or restricting the Companies from competing
in any business or geographical area, or soliciting customers or employees, or otherwise restricting it from carrying on the Business,
(ii) relating to the location of employees or a minimum number of employees to be employed by any Company, (iii) containing any
&ldquo;<U>most favored nation</U>,&rdquo; &ldquo;<U>most favored customer</U>&rdquo; or similar provisions; (iv) granting any
type of exclusive rights to any person or entity; or (v) prohibiting or restricting the Companies&rsquo; use of any of its Trade
Rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(s)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Other Material Contracts</U>. The Companies have no Contracts of any nature (i) involving any remaining consideration
or other expenditure in excess of Fifty Thousand Dollars ($50,000) (or its foreign currency equivalent as of the date hereof),
(ii) involving any remaining performance over a period of more than twelve (12) months or (iii) that is otherwise individually
material to the operations of any Company.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">Each Contract of the type described
in this <U>Section 3.15</U>, whether or not listed in <U>Schedule 3.15,</U> is a &ldquo;<U>Material Contract</U>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena027_v1"></A>3.16.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Default. Except as set forth on <U>Schedule 3.16</U>, the Companies are not in default in any material respect under
any Material Contract to which it is a party or otherwise bound, or under which it has any ongoing obligations, nor has any event
or omission occurred that, through the passage of time or the giving of notice, or both, would constitute a default in any material
respect thereunder or cause the acceleration of any of the Companies&rsquo; respective obligations thereunder or result in the
creation of any Lien on any of the capital stock or other equity or ownership securities (including the Equity Interests), or
any of the assets, of the Companies. To the Knowledge of the Companies, no third party is in default in any material respect under
any Material Contract, nor has any event or omission occurred that, through the passage of time or the giving of notice, or both,
would constitute a default in any material respect thereunder, or give rise to an automatic termination or the right of discretionary
termination thereof. Each Material Contract is in full force and effect and is a valid and binding agreement enforceable against
the applicable Company and, to the Knowledge of the Companies, the other party or parties thereto in accordance with its terms.
The Companies have made available to Buyer copies of all Material Contracts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena028_v1"></A>3.17.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Labor Matters. Since January 1, 2012, the Companies have not experienced any material labor disputes, any union organization
attempts or any work stoppages due to labor disagreements. Except for past violations for which the Companies are not subject
to any current Liability and are not reasonably expected to become subject to any future Liability, the Companies are, and since
January 1, 2012 have been, in material compliance with all applicable Laws or Orders relating to the employment and employment
practices and conditions of employment, including, but not limited to, compliance with the Fair Labor Standards Act, and the Companies
are not, and since January 1, 2012 have not been, engaged in any unfair labor practice. There is no unfair labor practice charge
or complaint pending or, to the Knowledge of the Companies, threatened or anticipated against any Company. There is no labor strike,
dispute, request for representation, slowdown or stoppage pending or, to the Knowledge of the Companies, threatened or anticipated
against any Company. There is no labor grievance or arbitration proceeding arising out of or under, any collective bargaining
agreement that might have a Material Adverse Effect. There are no pending or, to the Knowledge of the Companies, threatened or
anticipated administrative charges or court complaints against any Company concerning alleged employment discrimination or other
employment-related matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena029_v1"></A>3.18.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Employee Benefit Plans&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Disclosure</U>. <U>Schedule 3.18(a)</U> sets forth a correct and complete list of all plans, programs, Contracts, policies
and practices providing benefits to any current or former director, employee or independent contractor of any Company, or beneficiary
or dependent thereof, sponsored or maintained by any Company or any ERISA Affiliate, to which any Company or any ERISA Affiliate
has contributed within the past six (6) years, contributes or is obligated to contribute, or under which any Company or any ERISA
Affiliate has or is reasonably expected to have any Liability, including any pension, thrift, savings, profit sharing, retirement,
bonus, incentive, health, dental, death, accident, disability, stock purchase, stock option, stock appreciation, stock bonus,
executive or deferred compensation, hospitalization, severance, vacation, sick leave pay, fringe or welfare benefits plans, programs,
policies and practices, employment or consulting Contracts, &ldquo;<U>golden parachutes</U>,&rdquo; collective bargaining agreements,
&ldquo;<U>employee benefit plans</U>&rdquo; (as defined in Section 3(3) of ERISA), employee manuals, and written or binding oral
statements of policies or practices relating to employee benefits (collectively, the &ldquo;<U>Employee Plans/Agreements</U>&rdquo;).
Each Employee Plan/Agreement is identified in <U>Schedule 3.18(a)</U>, to the extent applicable, as one or more of the following:
(i) an &ldquo;<U>employee pension benefit plan</U>&rdquo; (as defined in Section 3(2) of ERISA); (ii) a &ldquo;<U>defined benefit
plan</U>&rdquo; (as defined in Section 414 of the Code); (iii) an &ldquo;<U>employee welfare benefit plan</U>&rdquo; (as defined
in Section 3(1) of ERISA); and/or (iv) a plan intended to be qualified under Section 401 of the Code. No Employee Plan/Agreement
is a &ldquo;<U>multiemployer plan</U>&rdquo; (as defined in Section 4001 of ERISA), and no Company nor any ERISA Affiliate has
ever contributed nor been obligated to contribute to any such multiemployer plan.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Delivery of Documents</U>. The Companies and the Sellers have made available to Buyer correct and complete copies of
the following information with respect to each Employee Plan/Agreement, if and as applicable:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the Employee Plan/Agreement, including all amendments or, if there is not a written plan document, a written summary of
the terms and conditions of the Employee Plan/Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the annual report, if required under ERISA, with respect to the Employee Plan/Agreement for each of the previous two (2)
plan years;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the most recent summary plan description and all summaries of material modifications related thereto, if required under
ERISA, with respect to the Employee Plan/Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>all material employee communications relating to the Employee Plan/Agreement to the extent that the provisions of such
Employee Plan/Agreement as described therein differ from such provisions as set forth or described in the information or materials
furnished under <U>Section 3.18(b)(iii)</U>;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if the Employee Plan/Agreement is funded through insurance or a trust, insurance or any third party funding vehicle, the
trust contract, insurance policy or other funding agreement and the latest financial statements thereof; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the most recent determination letter received from the IRS with respect to the Employee Plan/Agreement that is intended
to be qualified under Section 401 of the Code or, if reliance is permitted under applicable IRS guidance, the most recent favorable
opinion letter or advisory letter of the master and prototype or volume submitter plan sponsor of such Employee Plan/Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">With respect
to each Employee Plan/Agreement for which an annual report has been filed and made available to Buyer pursuant to <U>sub clause
(ii)</U>, no material adverse change has occurred with respect to the matters covered by the latest such annual report since the
date thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Terminations, Proceedings, Penalties, Etc.</U> With respect to each employee benefit plan (including each Employee Plan/Agreement)
that is subject to Title IV of ERISA and with respect to which any Company may, directly or indirectly, be subject to any Liability,
contingent or otherwise, or the imposition of any Lien (whether by reason of the complete or partial termination of any such plan
or the funded status of any such plan or otherwise):</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>no such plan has been terminated so as to subject, directly or indirectly, any of the Companies&rsquo; assets to any Liability
or the imposition of any Lien under Title IV of ERISA;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>no proceeding has been initiated or threatened by any person or entity (including the Pension Benefit Guaranty Corporation)
to terminate any such plan;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>no condition or event currently exists or is expected to occur that could subject, directly or indirectly, any of the Companies&rsquo;
assets to any Liability or the imposition of any Lien under Title IV of ERISA, whether to the Pension Benefit Guaranty Corporation
or to any other Person or entity or otherwise on account of the termination of any such plan;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if any such plan were to be terminated as of the Closing Date, none of the Companies&rsquo; assets would be subject, directly
or indirectly, to any Liability or the imposition of any Lien under Title IV of ERISA;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>no &ldquo;<U>reportable event</U>&rdquo; (as defined in Section 4043 of ERISA) has occurred with respect to any such plan;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>no such plan that is subject to Section 302 of ERISA or Section 412 of the Code has incurred any &ldquo;<U>accumulated
funding deficiency</U>&rdquo; (as defined in Section 302 of ERISA and Section 412 of the Code, respectively), whether or not waived;
and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>no such plan is a plan described in Section 4063 or 4064 of ERISA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Prohibited Transactions</U>. There have been no &ldquo;<U>prohibited transactions</U>&rdquo; (within the meaning of
Section 406 or 407 of ERISA or Section 4975 of the Code) for which a statutory or administrative (including regulatory or class)
exemption does not exist with respect to any Employee Plan/Agreement, and no event or omission has occurred in connection with
which any Company or any of such Company&rsquo;s assets or any Employee Plan/Agreement, directly or indirectly, could be subject
to any Liability under ERISA, the Code or any other Law or Order applicable to any Employee Plan/Agreement, or under any Contract,
Law or Order pursuant to which any Company has agreed or is required to indemnify any person or entity against any Liability incurred
under any such Contract, Law or Order.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Full Funding</U>. The funds available under each Employee Plan/Agreement that is intended to be a funded plan meet or
exceed the amounts required to be paid, or that would be required to be paid if such Employee Plan/Agreement were terminated,
on account of rights vested or accrued as of the Closing Date (using the actuarial methods and assumptions then used by any Company&rsquo;s
actuaries in connection with the funding of such Employee Plan/Agreement).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Controlled Group; Affiliated Service Group; Leased Employees</U>. Except as may be the case with respect to the Companies
among themselves or as a whole, no Company is and no Company has ever been a member of a controlled group of corporations (as
defined in Section 414(b) of the Code), under common control with any unincorporated trade or business (as determined under Section
414(c) of the Code) or a member of an &ldquo;<U>affiliated service group</U>&rdquo; (within the meaning of Section 414(m) of the
Code). There are not and never have been any &ldquo;<U>leased employees</U>&rdquo; (within the meaning of Section 414(n) of the
Code) of any Company, and no individuals are expected to become such leased employees prior to the Closing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments
and Compliance</U>. With respect to each Employee Plan/Agreement: (i) all payments due from the Employee Plan/Agreement (or from
any Company with respect to the Employee Plan/Agreement) have been made, and all amounts properly accrued to date as Liabilities
that have not been paid have been properly recorded on the books of the Companies; (ii) each Company has materially complied with,
and the Employee Plan/Agreement materially conforms to, all applicable Laws and Orders; (iii) all reports and information relating
to the Employee Plan/Agreement required to be filed with any Governmental Entity or provided to participants or their beneficiaries
have been timely filed or disclosed and, when filed or disclosed, were correct and complete in all material respects; (iv) each
Employee Plan/Agreement that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter
from the IRS or, if reliance is permitted under applicable IRS guidance, a favorable opinion or advisory letter issued by the
IRS to the master and prototype or volume submitter plan sponsor of such Employee Plan/Agreement, that addresses currently applicable
qualification requirements with respect to such Employee Plan/Agreement, such determination, opinion or advisory letter concludes,
to the extent provided therein, that such Employee Plan/Agreement&rsquo;s related trust has been determined to be exempt from
taxation under Section 501(a) of the Code, and nothing has occurred since the date of such letter that has adversely affected
or to the Knowledge of the Companies is reasonably likely to adversely affect such qualification or exemption; (v) there is no
Litigation pending (other than routine claims for benefits being reviewed pursuant to the Employee Plan/Agreement&rsquo;s internal
claim and approval process) or, to the Company&rsquo;s knowledge, threatened or anticipated with respect to the Employee Plan/Agreement
or against the assets of the Employee Plan/Agreement; and (vi) the Employee Plan/Agreement is not a plan that is established and
maintained outside the United States primarily for the benefit of individuals substantially all of whom are nonresident aliens.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Post-Retirement Benefits</U>. Except as expressly required under Sections 601 through 609 of ERISA, no Employee Plan/Agreement
provides benefits, including death or medical benefits (whether or not insured), with respect to current or former directors,
employees or independent contractors of any Company beyond their retirement or other termination of service, and no Company has
any obligation to provide or contribute toward the cost of such coverage or benefits.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Triggering of Obligations</U>. The consummation of the transactions contemplated hereby will not (i) entitle any
current or former director, employee or independent contractor of any Company to severance pay, unemployment compensation or any
other payment, except as otherwise provided in this Agreement, (ii) accelerate the time of payment or vesting or increase the
amount of compensation due to any current or former director, employee or independent contractor of any Company or (iii) result
in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Future Commitments</U>. No Company has any announced plan or legally binding commitment to create any additional Employee
Plans/Agreements or, except as required under applicable Law, to amend or modify any existing Employee Plans/Agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena030_v1"></A>3.19.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Employees; Compensation. The Sellers have delivered in the Counsel Email a correct and complete list of (a) all current
employees of the Business, (b) each such employee&rsquo;s title, employer, date of hire and location of employment, (c) each such
employee&rsquo;s employment status (<I>i.e.</I>, whether employee is actively employed or not actively at work due to illness,
short-term disability, sick leave, authorized leave of absence, layoff for lack of work or service in the Armed Forces of the
United States or for any other reason) and (d) each such employee&rsquo;s annual rate of compensation, including bonuses and incentives.
For purposes of <U>sub clause (d)</U>, in the case of salaried employees, such list identifies the current annual rate of compensation
for each such employee, and in the case of hourly or commission employees, such list identifies the current hourly or commission
rate for each such employee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena031_v1"></A>3.20.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Trade Rights. &nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Schedule 3.20(a)</U> contains a correct and complete list of all registered Company Trade Rights and the owner of such
Company Trade Rights. <U>Schedule 3.20(a)</U> also specifies which of the Company Trade Rights are registered, and the jurisdictions
in which such Company Trade Rights are registered; the patent, registration, or application serial number; the issue, registration,
or filing date; and the current status. The Company Trade Rights are sufficient to conduct the Business in the manner currently
conducted in all material respects. Each Company is the sole and exclusive legal and beneficial owner of all right, title, and
interest in, or has the valid and enforceable right to use, all of the Trade Rights used in the Business, in each case, free and
clear of all Liens. All registered Company Trade Rights are in good standing and have been properly registered in all jurisdictions
where required.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Except as set forth on <U>Schedule 3.20(b)</U>, there are no pending, existing or, to the Knowledge of the Companies, threatened
opposition, interference, cancellation, proceeding or other legal or governmental proceeding before any Governmental Entities
against or involving the applications or registrations listed in <U>Schedule 3.20(a)</U>. All annuity, maintenance, renewal and
other fees relating to the registered Company Trade Rights&rsquo; registrations or applications are current. Except as set forth
on <U>Schedule 3.20(b)</U>, the Companies are not infringing, and since January 1, 2012, the Companies have not infringed any
Trade Rights of another, nor, to the Knowledge of the Companies, is there any reasonable basis upon which a claim or challenge
for infringement could be made. To the Knowledge of the Companies, no Person or entity is infringing or has infringed any of the
Company Trade Rights.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Except as set forth in <U>Schedule 3.20(c)</U>, the Companies have not granted any license or made any assignment of any
of the Company Trade Rights, and no Person or entity other than the Companies have any right to use any of the Company Trade Rights.
Except as set forth in <U>Schedule 3.20(c)</U>, the Companies do not pay any royalties or other consideration for the right to
use any Trade Rights of others. The Companies have not entered into any agreement which restricts its use of Trade Rights. The
Companies have maintained the confidentiality of all Trade Rights used in the Business to the extent necessary to maintain all
proprietary rights therein. The consummation of the transactions contemplated hereby will not alter or impair any of the Trade
Rights used in the Business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena032_v1"></A>3.21.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Customers; Suppliers; Dealers and Distributors.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Major Customers</U>. <U>Schedule 3.21(a)</U> contains a correct and complete list of the ten (10) largest customers,
including distributors, of the Companies, collectively, for each of the two (2) most recent fiscal years (determined on the basis
of the total dollar amount of sales). To the Knowledge of the Companies, there are no facts indicating that any of the customers
listed in <U>Schedule 3.21(a)</U> will not continue to be a customer of the Companies after the Closing at substantially the same
level of purchases as heretofore.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Major Suppliers</U>. <U>Schedule 3.21(b)</U> contains a correct and complete list of (i) the ten (10) largest suppliers
to the Companies, collectively, for each of the two (2) most recent fiscal years (determined on the basis of the total dollar
amount of purchases) and (ii) each supplier from which the Companies acquired a particular good or service only from such supplier
where the total dollar amount of purchases from such supplier in respect of such particular good or service exceeded Twenty Five
Thousand Dollars ($25,000) (or its foreign currency equivalent as of the date hereof) for each of the two (2) most recent fiscal
years. To the Knowledge of the Companies there are no facts indicating that any of the suppliers listed in <U>Schedule 3.21(b)
</U>will not continue to be a supplier to the Companies after the Closing and will not continue to supply the Companies with substantially
the same quantity and quality of goods and services.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Dealers and Distributors</U>. <U>Schedule 3.21(c)</U> contains (i) a correct and complete list by product line of all
sales representatives, dealers, distributors and franchisees of the Companies and other third parties performing similar functions
for the Companies. The Companies have made available to the Buyer (x) copies of all such sales representative, dealer, distributor,
franchise and other applicable Contracts and policy statements and (y) a description of all material modifications or exceptions
to such Contracts and policy statements. The Companies have no Contracts with any such sales representative, dealer, distributor,
franchisee or other third party that is not cancelable by the Companies on notice of no longer than thirty (30) days without liability,
penalty or premium of any nature of kind whatsoever. The Companies have paid all commissions and other amounts due to each such
sales representative, dealer, distributor, franchisee and other third party. The Companies have terminated its engagement or other
relationship with any such sales representative, dealer, distributor, franchisee or other third party in the previous three (3)
years.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Promotions</U>. <U>Schedule 3.21(d)</U> sets forth the terms of all material return markdown, promotion, co-op advertising
and other similar programs and allowances currently offered by the Companies to any of their customers as of the date hereof.
Except as set forth on the face of the Recent Balance Sheet, the Companies have not established reserves regarding the foregoing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena033_v1"></A>3.22.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Product Warranty and Product Liability. <U>Schedule 3.22</U> contains a correct and complete copy of the Companies&rsquo;
standard warranty or warranties for sales of Products, and except as expressly set forth therein, there are no warranties (statutory
or otherwise), deviations from standard warranties or commitments or obligations with respect to the return, repair, or replacement
of Products under which the Companies could have any material Liability. <U>Schedule 3.22</U> sets forth the aggregate annual
cost to the Companies of performing warranty obligations for each of the previous two (2) fiscal years and the current fiscal
year through November, 2016. <U>Schedule 3.22</U> also contains a description of all pending warranty claims involving any Company
where the amount in question exceeds, or is reasonably likely to exceed, Seventy-Five Thousand Dollars ($75,000) (or its foreign
currency equivalent as of the date hereof). Since January 1, 2012, the Companies have not made any voluntary concessions or payments
not charged to warranty expense as an accommodation to customers that have claimed that a Product or group of Products are defective
or nonconforming exceeding Twenty Five Thousand Dollars ($25,000) (or its foreign currency equivalent as of the date hereof) in
each case. None of the Products has been the subject of any replacement, field fix, retrofit, modification or recall campaign,
and to the Knowledge of the Companies, no facts or conditions exist that could reasonably be expected to result in such a recall
campaign. All Products have been designed, manufactured, labeled and performed so as to materially meet and materially comply
with all applicable Laws and Orders currently in effect, and all Products have received all governmental approvals necessary to
allow their sale and use.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena034_v1"></A>3.23.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Certain Relationships to the Companies. No Affiliate of any Company has any direct or indirect interest in or other business
relationship or arrangement with (i) any Person or entity that does business with any Company in connection with the operation
of, or is competitive with, the Business or (ii) any property, asset or right that is used by the Companies. All obligations of
any Affiliate of any Company to such Company, and all obligations of any Company to any Affiliate of such Company, are described
in <U>Schedule 3.23</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena035_v1"></A>3.24.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Bank Accounts. <U>Schedule 3.24</U> sets forth a correct and complete list of the names and locations of all banks, trust
companies, savings and loan associations and other financial institutions at which each Company maintains a safe deposit box,
lock box or checking, savings, custodial or other account, the type and number of each such account and the signatories therefor,
and the names of all Persons authorized to draw thereon, make withdrawals therefrom or have access thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena036_v1"></A>3.25.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Brokers or Finders. Neither the Companies nor any of their respective shareholders, members, managers, directors, officers,
employees or agents has retained, employed or used any broker or finder in connection with the transactions provided for herein
or the negotiation thereof, nor are any of them responsible for the payment of any broker&rsquo;s, finder&rsquo;s or similar fees.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena037_v1"></A>3.26.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Assets and Services Necessary to Business. The Companies have all property, assets and rights, tangible and intangible
(including Trade Rights) necessary to permit the Companies to carry on the Business as conducted during the six (6) month period
preceding the Closing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena038_v1"></A><B>4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B>REPRESENTATIONS AND WARRANTIES OF BUYER</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">As an
inducement to the Companies and the Sellers to execute and deliver this Agreement, Buyer makes the following representations and
warranties to the Sellers, each of which is true and correct on the Closing Date and shall survive the consummation of the transactions
contemplated hereby in accordance with <U>Section 6.5</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena039_v1"></A>4.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Corporate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Organization</U>. Buyer is a corporation duly organized, validly existing and in good standing under the laws of the
State of Delaware.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Corporate Power</U>. Buyer has all requisite corporate power and authority to execute and deliver this Agreement and
the other documents and instruments to be executed and delivered by Buyer pursuant hereto and to carry out the transactions contemplated
hereby and thereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena040_v1"></A>4.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Authority. The execution and delivery of this Agreement and the other documents and instruments to be executed and delivered
by Buyer pursuant hereto and the consummation of the transactions contemplated hereby and thereby have been duly authorized by
Buyer. No other or further corporate act or proceeding on the part of Buyer or its shareholders is necessary to authorize this
Agreement or the other documents and instruments to be executed and delivered by Buyer pursuant hereto or the consummation of
the transactions contemplated hereby and thereby. This Agreement constitutes, and when executed and delivered, the other documents
and instruments to be executed and delivered by Buyer pursuant hereto will constitute, valid and binding agreements of Buyer,
as the case may be, enforceable in accordance with their respective terms, subject to (i) the effects of bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium or other similar Laws relating to or affecting the enforcement of creditors&rsquo;
rights generally or (ii) Laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena041_v1"></A>4.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Brokers or Finders. Neither Buyer nor any of its shareholders, directors, officers, employees or agents have retained,
employed or used any broker or finder in connection with the transactions provided for herein or in connection with the negotiation
thereof, nor are any of them responsible for the payment of any broker&rsquo;s or finder&rsquo;s fees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena042_v1"></A>4.4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Violation. Neither the execution and delivery of this Agreement or the other documents and instruments to be executed
and delivered by the Buyer pursuant hereto nor the consummation by the Buyer of the transactions contemplated hereby and thereby
(a) will conflict with or violate any term or provision of the charter, bylaws or similar organizational documents of the Buyer,
(b) will violate any applicable Law or Order of any Governmental Entity to which Buyer or any of its assets or properties is subject,
or (c) will violate or conflict with, or constitute a default (or an event that, with notice or lapse of time, or both, would
constitute a default) under, or will result in the termination of, or accelerate the performance required by or under, any term
or provision of any material Contract or material license to which Buyer is a party or by which Buyer or any of its assets or
properties may be bound or affected.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena043_v1"></A>4.5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Litigation. There is no Litigation pending or, to Buyer&rsquo;s knowledge, threatened against Buyer in respect of the
consummation of the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena044_v1"></A><B>5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>COVENANTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena045_v1"></A>5.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Post-Closing Access to Information; Cooperation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Access to Information</U>. After the Closing, each Party shall afford any other Party, its respective counsel, accountants
and other representatives, during normal business hours, reasonable access to the books, records and other data in such Party&rsquo;s
possession relating directly or indirectly to the Business and the assets, Liabilities or operations of the Companies, and the
right to make copies and extracts therefrom at its expense, to the extent such access is reasonably required by the requesting
Party for any proper business purpose, including in connection with the transactions contemplated hereby. Without limitation,
after the Closing, each Party shall make available to any other Party, as reasonably requested, and to any Governmental Entity
that is legally permitted to receive the following pursuant to its subpoena power or its equivalent, all books, records and other
data reasonably relating to Tax Liabilities or potential Tax Liabilities for all periods prior to or including the Closing Date
and shall preserve all such books, records and other data until the expiration of any applicable statute of limitations for assessment
or refund of Taxes or extensions thereof. Subject to the previous sentence, each Party agrees, for a period of seven (7) years
after the Closing Date, not to destroy or otherwise dispose of any of the books, records or other data described in this <U>Section
5.1(a)</U> without first offering in writing to surrender such books, records and other data to the other Parties, which other
Parties shall have thirty (30) days after such offer to agree in writing to take possession thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Cooperation</U>. Each Party shall reasonably cooperate, as and to the extent reasonably requested by any other Party,
in connection with (i) the filing of Tax Returns pursuant to <U>Section 5.2</U> and (ii) any Litigation (including insurance claims)
brought by or against any third party in connection with (A) the transactions contemplated by this Agreement or (B) any fact or
condition relating to the Companies&rsquo; assets or the Business. Such cooperation shall include making reasonably available
to the requesting Party, at such times and under such circumstances so as not to unreasonably disrupt business, the reasonably
relevant information, documents, records and employees of the cooperating Party, allowing the relevant personnel of the cooperating
Party to reasonably assist the requesting Party in participating in any such matter (including providing testimony in Litigation),
executing and delivering documents or instruments and taking all such reasonable action as the requesting Party reasonably requests
in connection with such matter. The requesting Party shall promptly reimburse the cooperating Party for all out-of-pocket costs
directly relating to such cooperation of such Party and any of the cooperating Party&rsquo;s employees and representatives who
assist the requesting Party (unless the contesting or defending party is entitled to indemnification therefor under <U>Article
6</U>). The Buyer and the Sellers agree, as and to the extent reasonably requested by the other Party and at the requesting Party&rsquo;s
expense, to use its commercially reasonable efforts to obtain any certificate or other document from any Governmental Entity or
other person or entity as may be necessary to mitigate, reduce or eliminate any Tax that could be imposed (including with respect
to the transactions contemplated hereby). Buyer and the Sellers further agree, as and to the extent reasonably requested by the
other Party, to provide such other Party with all information that either Party may be required to report pursuant to Section
6043 of the Code and all Treasury Regulations promulgated thereunder (if any).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena046_v1"></A>5.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Tax Matters.<B><I> </I></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Tax Returns Filed Before Closing </U>. Between the date of this Agreement and the Closing Date, the Sellers shall file,
or cause each Company to file, on a timely basis, all Tax Returns that are required to be filed by such Company on or prior to
the Closing Date (taking into account any extensions of time to file). The Sellers shall allow Buyer to review and comment on
any Tax Return prepared pursuant to this <U>Section 5.2(a)</U> at any time during the fifteen (15) day period immediately preceding
the filing of such Tax Return and shall consider in good faith any reasonable comments made by Buyer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Other Tax Returns</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Except as provided for in <U>Section 5.2(j)</U> with respect to Tax Returns for Transfer Taxes, Sellers shall prepare all
Tax Returns for each Company for all Pre-Closing Tax Periods that are required to be filed after the Closing Date, including any
Tax Returns of a Company for Tax periods that begin on or before the Closing Date and end after the Closing Date (a &ldquo;<U>Straddle
Period</U>&rdquo;). For purposes of this <U>Section 5.2(b)</U>, in the case of any Taxes for a Straddle Period that are imposed
on a periodic basis and are payable for a Tax period that includes (but does not end on) the Closing Date, the portion of such
Taxes that relates to the Pre-Closing Tax Period shall (A) in the case of any Taxes other than Taxes based upon or related to
income or receipts, be deemed to be the amount of such Taxes for the entire Tax period multiplied by a fraction, the numerator
of which is the number of days in the Tax period ending on and including the Closing Date, and the denominator of which is the
number of days in the entire Tax period, and (B) in the case of any Taxes based upon or related to income or receipts, be deemed
equal to the amount that would be payable if the relevant Tax period ended on the Closing Date, using the &ldquo;<U>closing of
the books</U>&rdquo; method of accounting, and in a manner consistent with the Recent Balance Sheet; provided, however, that all
exemptions, allowances, or deductions for the entire Tax period which are calculated on an annual basis (including, but not limited
to, depreciation and amortization deductions) shall be allocated between the two short periods in proportion to the number of
days in each period. Any credits relating to a Tax period that begins on or before and ends after the Closing Date shall be taken
into account as though the relevant Tax period ended on the Closing Date.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Sellers shall determine the portion of the Taxes shown as due on each such Tax Return described in this <U>Section 5.2(b)
</U>that is allocable to a Pre-Closing Tax Period, which determination shall be set forth in a statement (the &ldquo;<U>Statement</U>&rdquo;).
Sellers shall present a draft of such Tax Returns and any related Statement to the Buyer for review at least sixty (60) days before
the date on which such Tax Returns are required to be filed (taking into account any extensions of time to file). Failure of the
Buyer to object to such Tax Returns within thirty (30) days of receipt thereof shall constitute consent thereto. Buyer and Sellers
shall undertake in good faith to resolve any issues raised in any objection prior to the due date (including any extension thereof)
for filing such Tax Returns and mutually to consent to the filing of such Tax Returns and to agree on the determination to be
set forth in any Statement related thereto, in which case the information and total amount of Taxes shown to be due on such agreed
Tax Returns and any such agreed Statement shall be final and binding on the parties hereto absent manifest error. In the event
Buyer and Sellers are unable to resolve any dispute concerning such Tax Returns and any such Statement by the earlier of (A) seven
(7) calendar days after the date of Seller&rsquo;s receipt of written notice from Buyer setting forth Buyer&rsquo;s proposed resolution
of such dispute, or (B) seven (7) calendar days prior to the due date for filing of such Tax Returns in question (including any
extension thereof), Buyer and Sellers shall submit all such disputes to the CPA Firm for resolution. Buyer and Sellers shall jointly
instruct the CPA Firm that it shall (i) review only the matters that were properly included in such dispute and which remain in
dispute, and (ii) make its determination in accordance with the requirements of law and applicable Company past practice. In any
case where a disputed item has not been resolved (either by mutual agreement of the parties hereto or by a determination of the
CPA Firm) prior to the due date (including any extension thereof) for filing such Tax Returns, then Sellers may resolve such item
as they shall determine in their sole discretion and Buyer shall arrange for the signing and timely filing of such Tax Returns
and cause the applicable Company to timely pay any Taxes that are payable in respect of such Tax Returns; provided, however, that
if any position taken by Sellers with respect to any such disputed item results in the imposition of penalties that are not successfully
challenged, such penalties shall be deemed to have arisen in the Pre-Closing Tax Period. Notwithstanding the filing of such Tax
Returns, (x) the CPA Firm shall make a determination with respect to any such disputed item, and (y) the amount of Taxes determined
to be due with respect to such Tax Returns and determined to be properly set forth on any Statement related to such Tax Returns,
shall be the amount of Taxes that would have been due on such Tax Returns and the amount of Taxes that would be properly set forth
on such Statement related to such Tax Returns, respectively, after giving effect to the CPA Firm&rsquo;s determination. Any fees,
costs, and expenses of the CPA Firm incurred pursuant to this <U>Section 5.2(b)</U> shall be borne by the Parties pursuant to
the terms of <U>Section 2.4(f)(iii)</U> of this Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Contests of Tax, Additional Taxes and Refunds</U>. Buyer shall allow the Seller Representative and its counsel to participate,
at the Sellers&rsquo; sole expense, in any audit, appeal, hearing, litigation, contest, assessment, refund claim or other proceeding
with respect to any Tax Return described in <U>Sections 5.2(a)</U> and <U>5.2(b)</U> (a &ldquo;<U>Tax Audit</U>&rdquo;). Buyer
shall not settle any Tax Audit if such settlement would give rise to an obligation of the Sellers to indemnify Buyer or would
otherwise adversely affect the Sellers (as determined by the Seller Representative in its reasonable discretion) unless the Seller
Representative consents, which consent shall not be unreasonably conditioned, delayed or withheld. In the event of any conflict
between the provisions of this <U>Section 5.2(c)</U> and <U>Section 6.3(b)</U>, this <U>Section 5.2(c)</U> shall control. Except
to the extent reflected as an asset on the Final Closing Balance Sheet, any Tax refund, credit or similar benefit (excluding any
refund or credit attributable to any loss in a taxable period (or portion of a Straddle Period) beginning after the Closing Date
applied (e.g., as a carryback) to income in a taxable period (or portion of a Straddle Period) ending on or before the Closing
Date), including any interest paid or credited by a Governmental Entity with respect thereto, relating to taxable periods (or
portions thereof) of any Company that end on or before the Closing Date (a &ldquo;<U>Tax Refund</U>&rdquo;) shall be for the sole
benefit of the Sellers. To the extent that Buyer or any of its Affiliates (including any Company) receives or utilizes any Tax
Refund, Buyer shall pay to the Seller Representative (on behalf of Sellers) such Tax Refund (after reduction by the amount of
any Tax imposed on Buyer or the Companies as a result of the receipt of the refund or credit) within five (5) Business Days of
receipt of such Tax Refund or the filing of any Tax Return utilizing such Tax Refund (in the form of a credit or offset to Taxes
otherwise payable), as the case may be. The Parties agree that Tax Refunds for the portion of a Straddle Period ending on the
Closing Date shall be determined using the methodologies set forth in <U>Section 5.2(b)</U>. Buyer shall, upon request, permit
the Seller Representative to participate in the prosecution of any Tax Refund claim and shall not settle or otherwise resolve
any such Tax Refund claim without the prior written consent of the Seller Representative, which consent may not be unreasonably
withheld, conditioned, or delayed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Actions Prior to Closing</U>. During the period beginning on the date of this Agreement and ending on the Closing Date,
without the prior written consent of Buyer no Company shall make or change any election, change an annual accounting period, adopt
or change any accounting method, file any amended Tax Return, enter into any closing agreement, settle any Tax claim or assessment
relating to the Company, surrender any right to claim a refund of Taxes, consent to any extension or waiver of the limitation
period applicable to any Tax claim or assessment relating to the Company, or take any other similar action relating to the filing
of any Tax Return or the payment of any Tax, if such election, adoption, change, amendment, agreement, settlement, surrender,
consent, or other action would have the effect of materially increasing the Tax liability of the Company for any period ending
after the Closing Date.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Section 338(h)(10) Election</U>. If Buyer provides written notice to the Seller Representative (within one hundred twenty
(120) days after the Closing Date) that Buyer desires an election under Section 338(h)(10) of the Code (and any corresponding
elections under state, local, or foreign tax Law) (collectively, a &ldquo;<U>&sect;338(h)(10) Election</U>&rdquo;) with respect
to the purchase and sale of the shares of a Group 1 Company, then the Sellers shall timely join with Buyer in making the &sect;338(h)(10)
Election with respect to such Company. In the event that a &sect;338(h)(10) Election is made with respect to a Group 1 Company:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>With respect to any Pre-Closing Tax Period, the Sellers shall pay any Tax attributable to the making of the &sect;338(h)(10)
Election; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Buyer and Sellers shall exchange completed and executed copies of (i) IRS Form 8023 and required schedules thereto and
(ii) to the extent required, any similar forms with respect to state, local or foreign Taxes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Allocation of Purchase Price; Determination of Additional Amounts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Within one hundred twenty (120) days after the Closing Date, Buyer shall deliver to the Seller Representative a proposed
allocation schedule (&ldquo;<U>Proposed Allocation Schedule</U>&rdquo;) consistent with the principles described in <U>Schedule
5.2(f)</U>. The Proposed Allocation Schedule shall include Buyer&rsquo;s determination of the Additional Amounts with respect
to any payments under <U>Sections 2.2(a)</U>, <U>2.2(b)</U>, or <U>2.2(c)</U> in respect of a Group 1 Company for which a &sect;338(h)(10)
Election is made or in respect of S&amp;B, and shall allocate the Purchase Price (not including the Earn-Out Payments and Additional
Amounts relating to the Earn-Out Payments), and the liabilities of the Companies, among (1) the assets owned by the Group 2 Companies,
(2) the assets owned by S&amp;B, (3) the assets owned by the Group 1 Companies for which a &sect;338(h)(10) Election is sought
by Buyer, and (4) the Equity Interests of the Group 1 Companies for which for which a &sect;338(h)(10) Election is not sought
by Buyer. In the case of any Group 1 Company for which a &sect;338(h)(10) Election is sought by Buyer, the Proposed Allocation
Schedule shall reflect an allocation of the &ldquo;<U>aggregate deemed sales price</U>&rdquo; (as defined in Treas. Reg. &sect;1.338-4)
and the &ldquo;<U>adjusted gross-up basis</U>&rdquo; (as defined in Treas. Reg. &sect;1.338-5) among the assets of such Group
1 Company. The Seller Representative shall promptly provide to Buyer any information that is reasonably requested by Buyer in
connection with the determination of the Additional Amounts or the allocation of the Purchase Price.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Seller Representative shall have thirty (30) days to review and respond to the Proposed Allocation Schedule. If the
Seller Representative determines that the Proposed Allocation Schedule has not been prepared in accordance with the principles
described in <U>Schedule 5.2(f)</U> or otherwise objects to the Proposed Allocation Schedule, then the Seller Representative shall
inform Buyer on or before the last day of such thirty (30) day period by delivering written notice to Buyer (the &ldquo;<U>Allocation
Schedule Objection</U>&rdquo;). If no Allocation Schedule Objection is delivered to Buyer within such thirty (30) day period,
then the Sellers shall be deemed to have accepted the Proposed Allocation Schedule. If an Allocation Schedule Objection is delivered
to Buyer, then Buyer shall have fifteen (15) days to review and respond to the Allocation Schedule Objection by delivering written
notice to the Seller Representative specifying the scope of its disagreement with the information contained in it. If no such
written notice is delivered to the Seller Representative within such fifteen (15) day period, then Buyer shall be deemed to have
accepted the Allocation Schedule Objection. If Buyer delivers a written notice to the Seller Representative in response to an
Allocation Schedule Objection, then Buyer and the Seller Representative shall promptly meet (in Person, by telephone or otherwise)
and attempt in good faith to resolve any dispute or disagreement relating to the Proposed Allocation Schedule (the &ldquo;<U>Allocation
Schedule Dispute</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If Buyer and the Seller Representative are unable to resolve the Allocation Schedule Dispute within thirty (30) days following
the delivery of an Allocation Schedule Objection to Buyer, then, within fifteen (15) days after the end of that 30-day period,
Buyer or the Seller Representative may elect to have the Allocation Schedule Dispute resolved by the CPA Firm, with the fees for
such CPA Firm to be apportioned equally between Buyer, on the one hand, and the Sellers, on the other hand. The CPA Firm shall
resolve the dispute by the ninetieth (90<SUP>th</SUP>) day following the delivery of the Allocation Schedule Objection. If neither
Buyer nor the Seller Representative so elects to have the Allocation Schedule Dispute resolved by the CPA Firm, then the Seller
Representative shall be deemed to have accepted the resolution of the Allocation Schedule Dispute in favor of Buyer. The allocation
schedule and determination of Additional Amounts, as agreed to by Buyer and the Seller Representative or as revised by the CPA
Firm, shall be the final determination of the allocation schedule and Additional Amounts (the &ldquo;<U>Final Allocation Schedule</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Consistent with the principles of <U>Schedule 5.2(f)</U>, within sixty (60) days after each Earn-Out Payment, Buyer shall
prepare an allocation of such payment (and any Additional Amount relating to such Earn-Out Payment) among the assets of the Companies
(or, in the case of a Group 1 Company for which for which a &sect;338(h)(10) Election is not sought by Buyer, the Equity Interests
of the Company) which allocation shall be consistent with the Final Allocation Schedule, and shall provide a copy of such allocation
to the Seller Representative.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Parties agree not to take any position in any Tax Return or proceeding inconsistent with the Final Allocation Schedule
(or with an allocation relating to the Earn-Out Payments as described in <U>Section 5.2(f)(iv)</U>) for Tax reporting purposes
unless otherwise required by a &ldquo;<U>determination</U>&rdquo; within the meaning of Section 1313 of the Code (or similar state
law) to the contrary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>S Corp Election</U>. The Group 1 Companies and the Sellers shall not revoke any Group 1 Company&rsquo;s election to
be taxed as an S corporation within the meaning of Sections 1361 and 1362 of the Code. The Group 1 Companies and the Sellers shall
not take or allow any action that would result in the termination (on or prior to the Closing Date) of any Group 1 Company&rsquo;s
status as a validly electing S corporation within the meaning of Sections 1361 and 1362 of the Code. S&amp;B and the Sellers shall
not revoke S&amp;B&rsquo;s election to be taxed as a qualified subchapter S subsidiary as defined in Section 1361(b)(3)(B) of
the Code. S&amp;B and the Sellers shall not take or allow any action that would result in the termination (on or prior to the
Closing Date) of S&amp;B&rsquo;s status as a validly electing qualified subchapter S subsidiary as defined in Section 1361(b)(3)(B)
of the Code. Schwartz &amp; Benjamin Holdings Trust and the other Sellers shall not revoke Schwartz &amp; Benjamin Holdings Trust&rsquo;s
election to be taxed as an S corporation within the meaning of Sections 1361 and 1362 of the Code. Schwartz &amp; Benjamin Holdings
Trust and the other Sellers shall not take or allow any action that would result in the termination (on or prior to the Closing
Date) of Schwartz &amp; Benjamin Holdings Trust&rsquo;s status as a validly electing S corporation within the meaning of Sections
1361 and 1362 of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Group 2 Companies</U>. For U.S. federal income Tax purposes, the Parties agree that Buyer shall be treated (under Rev.
Rul. 99-6) as acquiring the assets of each Group 2 Company following a deemed liquidation distribution of these assets by the
Group 2 Company to the Sellers who own Equity Interests in that Company, but such Sellers shall be treated as selling their Equity
Interests in the Group 2 Company to Buyer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Certain Tax Actions</U>. Buyer shall not, and shall not cause or permit any Company to, (i) make, change or revoke any
Tax election or deemed Tax election that has any retroactive effect in the portion of any Pre-Closing Tax Period ending on or
prior to the Closing Date, (ii) grant an extension of any applicable statute of limitations that relates to a Pre-Closing Tax
Period, (iii) amend or cause to be amended any Tax Return of any Company that relates to a Pre-Closing Tax Period, or (iv) cause
a Company to take any action on the Closing Date after the Closing that is outside the ordinary course of business of such Company,
in each case without the prior written consent of the Seller Representative, which consent may not be unreasonably withheld, conditioned,
or delayed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Transfer Taxes</U>. All Transfer Taxes shall be borne fifty percent (50%) by Buyer and fifty percent (50%) by Sellers;
provided, however, that Buyer shall bear one hundred percent (100%) of all Transfer Taxes that are incurred solely as a result
of a &sect;338(h)(10) Election. Buyer will file all necessary Tax Returns and other documentation with respect to all Transfer
Taxes and the Seller Representative shall, and shall cause Sellers to, cooperate with Buyer in the preparation and filing of all
such Tax Returns and other documentation. Buyer shall deliver any Tax Returns prepared in accordance with the preceding sentence
to the Seller Representative at least forty-five (45) days prior to the due date for filing any such Tax Return (taking into account
any applicable extensions of time to file), and Buyer shall consider any reasonable comments provided by the Seller Representative
prior to the due date for filing any such Tax Return (taking into account any applicable extensions of time to file).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena047_v1"></A>5.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Further Assurances. From time to time after the date of this Agreement, upon the reasonable request of any Party and without
further consideration, each Party shall execute and deliver to the requesting Party such documents and take such action as may
be reasonably requested by the requesting Party to consummate more effectively the intent and purpose of the Parties under this
Agreement and the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena048_v1"></A>5.4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Directors and Officers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Subject to <U>Section 5.4(d)</U> below, from and after the Closing, the Companies shall, and Buyer shall cause the Companies
to, to the fullest extent that the Companies would have been permitted under applicable Law (i) indemnify and hold harmless each
present and former director, officer and employee of each of the Companies (collectively, the &ldquo;<U>Company Indemnified Parties</U>&rdquo;)
in a manner substantially similar to that provided for in the organizational documents of the applicable Company as in effect
immediately prior to the Closing that have been provided to Buyer prior to the Closing (the &ldquo;<U>Organizational Documents</U>&rdquo;)
and (ii) advance expenses as incurred by any Company Indemnified Party in connection with any matters for which such Company Indemnified
Party is entitled to indemnification from Buyer pursuant to this <U>Section 5.4</U> if and to the extent provided for in the Organizational
Documents of the applicable Company; provided, however, that (notwithstanding anything to the contrary in the Organizational Documents
of the applicable Company) the Company Indemnified Party to whom expenses are advanced shall provide an undertaking to repay such
advances if it is ultimately and finally determined by a court of competent jurisdiction and all rights of appeal have lapsed
that such Company Indemnified Party is not entitled to indemnification under applicable Law, the Organizational Documents, and
pursuant to this <U>Section 5.4</U>.<SUP> </SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>In the event Buyer or any of the Companies or any of their respective successors or assigns (i) consolidates with or merges
into any other Person and shall not be the continuing or surviving company or entity of such consolidation or merger or converts
into any other Person or (ii) transfers all or substantially all of its properties and assets to any Person, then, and in each
such case, Buyer shall cause proper provision to be made so that the successors and assigns of Buyer or such Company, as applicable,
shall assume the obligations set forth in this <U>Section 5.4</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The terms and provisions of this <U>Section 5.4</U> are intended to be in addition to the rights otherwise available to
the Companies&rsquo; Indemnified Parties by applicable Law and under the Companies&rsquo; respective governing documents, and
shall operate for the benefit of, and shall be enforceable by, the Companies&rsquo; Indemnified Parties and keep their respective
heirs and representatives, each of whom is an intended third party beneficiary of this <U>Section 5.4</U> and each of whom is
bound by this <U>Section 5.4</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notwithstanding anything to the contrary in this <U>Section 5.4</U> or in any Organizational Document, (i) no Seller Indemnified
Party shall be entitled to seek indemnification under this <U>Section 5.4</U> for any matter for which a Buyer Indemnified Party
is entitled to indemnification from a Seller pursuant to <U>Article 6</U> hereof; (ii) this <U>Section 5.4</U> shall not apply
to claims brought by or on behalf of the Sellers and (iii) this <U>Section 5.4</U> shall not apply to claims relating to acts
or omissions that involve bad faith, fraud or intentional misconduct or for any transaction from which the Company Indemnified
Party has or will personally receive a benefit in money, property, or services to which he or she is not legally entitled.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Prior to the Closing, the Companies shall have obtained an extended reporting period also referred to as tail or runoff
coverage under the Employment Practices Liability insurance policy at coverage levels currently in place for those Persons who
are covered by the Companies&rsquo; Employment Practices Liability insurance policy on the date hereof (the &ldquo;<U>Tail Policy</U>&rdquo;)
by (a) maintaining such insurance of the Companies with respect to actions or omissions prior to the Closing for a duration of
no less than six (6) years after the Closing Date and/or (b) by purchasing a &ldquo;tail&rdquo; policy with respect thereto for
no less than six (6) years after the Closing Date. The Seller Representative has provided a copy of such tail or runoff coverage
to Buyer prior to Closing. The Companies and the Buyer shall each pay fifty percent (50%) of the Tail Policy premium, underwriting
fee and any other expense or fees payable in connection with obtaining the Tail Policy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena049_v1"></A>5.5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Executive Payments. The Sellers shall cause any Executive Payments which are the obligation of the Companies or the Sellers
to be paid by the Companies prior to Closing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena050_v1"></A>5.6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Noncompetition. As an inducement to Buyer to execute and deliver this Agreement and to consummate the transactions contemplated
hereby and to preserve the goodwill associated with the Business, for the period commencing on the Closing Date and lasting three
(3) years after the end of the Earn-Out Period (the &ldquo;<U>Non-Compete Period</U>&rdquo;), the Sellers shall not, and the Sellers
shall cause their respective Affiliates not to, directly or indirectly, without the express prior written approval of Buyer:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>own or control, whether as shareholder, member, partner, director or otherwise, or manage, operate, be employed or compensated
by, or consult with, whether as an officer, employee, consultant or otherwise, any Competitor of the Business as it is conducted
as of the Closing Date, or to the Knowledge of the Companies, as planned or anticipated as of the Closing Date;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>consult with, advise or assist in any way, whether or not for consideration, any Competitor of the Business as it is conducted
as of the Closing Date, or, to the Knowledge of the Companies, as planned or anticipated as of the Closing Date, including advertising
the products or services of any such Competitor, soliciting customers or loaning money or rendering any other form of financial
assistance to any such Competitor;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>hire any of Steve Shapiro, Daniel Schwartz or Barbara Schwartz;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>solicit employment or engagement as an independent contractor to, any Person who is or was an employee, commissioned salesperson
or consultant of, or who performed similar services for Buyer and/or any of its Affiliates, including the Companies, or assist
any third party with respect to any of the foregoing, unless such Person has been separated from his or her employment or other
relationship with Buyer and each of its Affiliates (including the Companies) for a period of twelve (12) consecutive months; <U>provided,
however</U>, that any general solicitation not specifically targeted to any Person who is or was an employee, commissioned salesperson
or consultant of, or who performed similar services for the Buyer and/or any of its Affiliates, including the Companies, shall
not be deemed a violation of this clause (d);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>induce or attempt to persuade any current customer of or current provider to any Company to terminate or reduce its business
relationship with such Company;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>solicit, induce or encourage (including by making any negative or disparaging statements or communications regarding any
Company, Buyer, their respective Affiliates, or their respective businesses) any client, customer, supplier, licensor or licensee
or any other Person who is actually known by such Seller to have a business relationship with any Company, Buyer, their respective
Affiliates, or their respective businesses, to terminate or modify any such relationship or to divert or attempt to divert any
such Persons or accounts of such Company to himself, herself or itself or any other Person other than the Companies;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>voluntarily publish or communicate anything disparaging about any of the Companies, Buyer, their respective Affiliates,
or their respective officers or directors;</FONT></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">provided,
however, (i) that the foregoing shall not prohibit the ownership of not more than five percent (5%) of the securities of any corporation
or other entity that is listed on a national securities exchange or traded in the national over-the-counter market; (ii) that
following the end of the second (2nd) anniversary of the end of the Earn-Out Period, Barbara Schwartz shall be permitted to be
employed by or compensated by, or consult, advise or assist in any way, with, whether as an employee, consultant or otherwise,
and whether or not for compensation, any Person, regardless of the restrictions set forth in this <U>Section 5.6</U>; and (iii)
that if Daniel Schwartz&rsquo;s or Barbara Schwartz&rsquo;s employment with Schwartz &amp; Benjamin, Inc. is terminated (A) by
Schwartz &amp; Benjamin, Inc., as applicable, without Cause (as defined in the applicable Employment Agreement) or (B) by Daniel
Schwartz or Barbara Schwartz, as applicable, for Good Reason (as defined in the applicable Employment Agreement), the Non-Compete
Period for Daniel Schwartz and Barbara Schwartz, as applicable, shall terminate (x) three (3) years from the date of such termination
or (y) in the case of the activities described in (ii) above for Barbara Schwartz, two (2) years from the date of such termination.
The geographic scope of this covenant not to compete shall extend to the United States and any other country in which the Companies
conduct the Business as of the Closing Date, or as the Companies, to the Knowledge of the Companies, plan or anticipate conducting
the Business as of the Closing Date. Buyer may sell, assign, or otherwise transfer this covenant not to compete, in whole or in
part, to any Person that purchases all or any material portion of the Business only if such Person expressly assumes in writing
for the benefit of the Sellers all of the obligations of Buyer under <U>Section 2.2(e)</U> and <U>Section 5.8</U>. Recognizing
the specialized nature of the Business, the Sellers acknowledge and agree that the duration, geographic scope and activity restrictions
of this covenant not to compete are reasonable.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena051_v1"></A>5.7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Employee Matters.<SUP> </SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Prior to the Closing Date, the Companies shall take all actions and do all things necessary to terminate the B.D.S., Inc.
Profit Sharing Plan (the &ldquo;<U>Profit Sharing Plan</U>&rdquo;), and any other Employee Plan/Agreement that is intended to
be qualified under Section 401 of the Code, with the actual effective date of such termination to be effective no later than the
date immediately preceding the Closing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>For a period of not less than one (1) year following the Closing Date, Buyer shall, and shall cause the Companies to, provide
each employee of the Companies immediately prior to the Effective Time who remains in the employment of the Companies (each, a
&ldquo;<U>Continuing Employee</U>&rdquo; and collectively, the &ldquo;<U>Continuing Employees</U>&rdquo;) with compensation and
employee and fringe benefits that are no less favorable in the aggregate to such Continuing Employee than the compensation and
employee and fringe benefits provided to such Continuing Employee immediately prior to the Closing Date (excluding except as set
forth in <U>Section 5.7(c)</U>, any options, equity, phantom equity, incentive compensation, defined benefit pension benefits,
retiree medical benefits, non-performance based bonus compensation or similar rights granted to such employees prior to the Closing
Date).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>From and after the Closing Date, for purposes of determining eligibility to participate, vesting and entitlement to benefits
where length of service is relevant under any benefit plan or arrangement of Buyer, the Companies or any of their respective ERISA
Affiliates (each, a &ldquo;<U>Buyer Benefit Plan</U>&rdquo;), Buyer shall, and shall cause the Companies to, use commercially
reasonable efforts to cause each Continuing Employee to receive service credit for service with the Companies to the same extent
such service credit was granted under the Employee Plans/Agreements (other than for purposes of benefit accrual under a defined
benefit plan) immediately prior to the Closing Date. Buyer shall, and shall cause the Companies to, use commercially reasonable
efforts to, (i)&nbsp;waive all limitations as to preexisting conditions exclusions, actively at work requirements, waiting periods
and insurability requirements with respect to participation and coverage requirements applicable to the Continuing Employees (and
any dependents or beneficiaries thereof) under any welfare benefit plans that such employees may be eligible to participate in
after the Closing Date, other than limitations or waiting periods that are already in effect under any Employee Plans/Agreement
that is a welfare benefit plan, and that have not been satisfied by such Continuing Employees as of the Closing Date, and (ii)&nbsp;cause
any co-payments, deductibles and other out-of-pocket expenses incurred by a Continuing Employee during the plan year that includes
the Closing Date to be taken into account for purposes of satisfying all deductible, co-payment and maximum out-of-pocket requirements
applicable to such Continuing Employee and his or her covered dependents under any comparable Buyer Benefit Plan for the applicable
plan year of such Buyer Benefit Plan, as if such amounts had been paid in accordance with such Buyer Benefit Plan. For the remainder
of calendar year 2016, Buyer shall cause the Companies to honor all vacation and sick days accrued as of Closing by Continuing
Employees. Such accrued vacation and sick days may be used by Continuing Employees during the remainder of calendar year 2016
in accordance with the terms of the Companies&rsquo; Employee Handbook. Notwithstanding anything herein to the contrary, Buyer
shall cause the Companies to pay (i) up to six hundred five thousand nine hundred fifty eight dollars ($605,958) in severance
obligations in the amounts and to those Persons set forth on a spreadsheet previously delivered to the Buyer in the Counsel Email
and (ii) those stay bonuses under the plans, policies, programs and arrangements of the Companies immediately prior to the Closing
Date as disclosed on <U>Schedule 5.7(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>To the extent permitted by the terms of the Buyer Benefit Plan designated by Buyer to receive rollovers from the Profit
Sharing Plan, each Continuing Employee who was a participant in a Profit Sharing Plan as of the date immediately prior to the
Closing Date may voluntarily roll over his or her vested account in the Profit Sharing Plan, including any participant loan that
is not in default status at the time it is rolled over, to such designated Buyer Benefits Plan. Buyer and the Companies shall
use commercially reasonable efforts to effect such rollovers in a manner that does not result in the recognition of taxable income
to the Continuing Employees, and shall take, or shall cause the Profit Sharing Plan and the designated Buyer Benefit Plan, as
applicable, to take, any actions that are reasonably necessary to effect such rollovers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Companies anticipate the Profit Sharing Plan may receive a recovery or settlement payment from the Bernard L. Madoff
Investment Securities LLC Liquidation Proceeding (the &ldquo;<U>Madoff Settlement</U>&rdquo;). If, following the Closing Date,
Buyer or any Company receives such a recovery or settlement payment on behalf of the Profit Sharing Plan, it shall contribute
any allocation of the Madoff Settlement received on behalf of a Continuing Employee who is employed by Buyer or any Company on
the date such Madoff Settlement proceeds are received to the account established on such Continuing Employee's behalf under the
Buyer Benefit Plan designated by Buyer to receive such amounts. If Buyer or any Company receives Madoff Settlement funds on behalf
of a Profit Sharing Plan participant who is not employed by Buyer or any Company as of the date such Madoff Settlement funds are
received, and who does not as of such date have an account under the Buyer Benefit Plan designated by Buyer, Buyer shall cause
such funds to be contributed to an individual retirement account (IRA) established by Buyer on such Profit Sharing Plan participant's
behalf to hold such Profit Sharing Plan participant&rsquo;s allocation of Madoff Settlement funds. Any costs incurred as a result
of Buyer&rsquo;s compliance with this <U>Section 5.7(e)</U> shall be at Sellers&rsquo; expense and the Sellers shall cooperate
with, and assist, Buyer in connection with Buyer&rsquo;s compliance with this <U>Section 5.7(e)</U>. For purposes of this <U>Section
5.7(e)</U>, any Madoff Settlement proceeds received by ARS Partnership, as a creditor in the Madoff Settlement and on behalf of
the Profit Sharing Plan, shall be deemed to be received by any Company.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>No current or former employee, director or individual independent contractor of the Companies, or any individual associated
therewith shall be regarded for any purposes as a third-party beneficiary of this Agreement. Nothing contained in this <U>Section
5.7</U> or otherwise in this Agreement, express or implied, is intended to confer upon any Continuing Employee or any other Person
any benefits under any benefit plans, programs, policies or other arrangements, including severance benefits or the right to employment
or continued employment with Buyer, the Companies, or any of its or their subsidiaries or Affiliates for any period by reason
of this Agreement. No provision of this <U>Section 5.7</U> constitutes an employment agreement or an amendment to or adoption
of any Buyer Benefit Plan or shall alter or limit the ability of the Buyer, the Companies or any of its or their subsidiaries
or Affiliates to amend, modify or terminate any Buyer Benefit Plan, Employee Plan/Agreement, or any other benefit plan, program,
agreement or arrangement at any time assumed, established, sponsored or maintained by any of them in accordance with the terms
of any such plan, program, agreement or arrangement and applicable Laws. Subject to the terms of this Agreement, following the
Effective Time, nothing contained in this <U>Section 5.7</U> shall interfere with the Buyer, the Companies, or any of their Subsidiaries&rsquo;
or Affiliates&rsquo; right to terminate the employment or service of any employee for any reason.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena052_v1"></A>5.8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Operation of the Business During the Earn-Out Period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>During the Earn-Out Period, Buyer:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>shall maintain separate books and records for the Business and maintain and operate the Business as a separate and distinct
division or subsidiary of Buyer, in order to facilitate, among other things, the calculation of EBITDA as contemplated hereby;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>shall not take any action (1) with the intention of reducing EBITDA for the Earn-Out Period or (2) with the primary effect
of reducing EBITDA for the Earn-Out Period without any legitimate business purpose; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>shall use reasonable efforts to ensure that the Business has capital adequate for its existing operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Buyer hereby covenants and agrees, that upon a Change of Control or the Sale of the Business prior to the expiration of
the Earn-Out Period and the payment of the Earn-Out Payment to the Sellers, Buyer shall cause any Person acquiring Buyer or the
Business, as applicable, pursuant to such Change of Control or Sale of the Business to expressly assume in writing for the benefit
of the Sellers all of the obligations of Buyer under <U>Section 2.2(e)</U>, <U>Section 2.4</U>, <U>Section 5.7</U>, and this <U>Section
5.8</U> hereof.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena053_v1"></A>5.9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Confidential Information. After the Closing, the Sellers shall not, and the Sellers shall cause their respective Affiliates
not to, directly or indirectly, (a) use any Confidential Information for any purpose except in connection with any employment
or consulting arrangement between any Seller and Buyer or any of its Affiliates (including the Companies) in accordance with the
terms of and in within the scope of such arrangements, (b) disclose any Confidential Information to any Person other than Buyer
or its Affiliates (including the Companies), (c) keep or make copies of any documents, records or property containing any Confidential
Information or (d) assist any other Person in engaging in any of the foregoing, except to the extent necessary to comply with
the express terms of any written agreement between any Seller and Buyer or any of its Affiliates (including the Companies) or
except to the extent explicitly requested in writing by Buyer. Notwithstanding the foregoing, a Seller may disclose Confidential
Information at such times, in such manner and to the extent such disclosure is required by applicable Law, provided that such
Seller (i) provides Buyer with prior written notice thereof, (ii) limits such disclosure to what is strictly required and (iii)
attempts to preserve the confidentiality of any Confidential Information so disclosed. Nothing in this Agreement reduces any obligation
of the Sellers to comply with applicable Laws or Orders relating to trade secrets, confidential information and unfair competition.
If, at any time after the Closing, any Seller discovers that he or she is in possession of any records containing any Confidential
Information, then the discovering Seller shall immediately deliver such records to Buyer. No Seller shall assert a waiver or loss
of confidential or privileged status of the information based upon such possession or discovery.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena054_v1"></A>5.10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Further Agreements. In the event that New Century Footwear, Inc. (&ldquo;<U>New Century</U>&rdquo;) or any Seller owns
or otherwise possesses as of the Closing any assets, which are currently used, or have ever been used, in the Business, each Seller
agrees to transfer such assets, or cause such assets to be transferred, to the Companies at the direction of Buyer as soon as
reasonably practicable after discovery of such assets. On or after the Closing, if any Seller or New Century receives any checks
or other funds on account of or in respect of the Business, then the Seller shall not, and cause New Century not to, cash such
checks or deposit such funds into New Century&rsquo;s account or such Seller&rsquo;s account, and such Seller shall or cause New
Century to promptly forward such checks or funds to Buyer (properly endorsed for deposit by Buyer).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena055_v1"></A><B>6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B>INDEMNIFICATION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena056_v1"></A>6.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By the Sellers. Upon the terms and subject to the conditions set forth in this <U>Article 6</U>, the Sellers shall jointly
and severally indemnify and hold harmless Buyer and its Affiliates (including the Companies after the Closing), and their respective
shareholders, members, managers, directors, officers, employees, agents and other representatives (collectively, the &ldquo;<U>Buyer
Indemnified Parties</U>&rdquo;), from and against all Claims asserted against, resulting to, imposed upon or incurred by any Buyer
Indemnified Party, directly or indirectly, by reason of, arising out of or resulting from: (a) any inaccuracy or breach of any
representation or warranty of any Company or any Seller contained in or made pursuant to this Agreement (ignoring, for purposes
of determining the amount of Claims with respect thereto, any &ldquo;materiality&rdquo;, &ldquo;Material Adverse Effect&rdquo;,
or similar qualifier set forth in such representation or warranty); (b) any breach of any covenant of any Company or any Seller
contained in or made pursuant to this Agreement; (c) any Tax of any Company for a Pre-Closing Tax Period; <U>provided, however</U>,
that Sellers shall have no liability with respect to any Tax (i) to the extent such Tax is reflected in the reserve for Tax liability
shown on the Final Closing Balance Sheet, (ii) arising as a result of any transactions occurring on the Closing Date after the
Closing outside the ordinary course of business (other than as explicitly contemplated by this Agreement), (iii) arising as a
result of any breach by the Buyer of <U>Section 5.2(i)</U> hereof, or (iv) which is a Transfer Tax that is Buyer&rsquo;s obligation
pursuant to <U>Section 5.2(j)</U> hereof; (d) any unpaid Funded Indebtedness that remains outstanding following the Closing; (e)
any unpaid Company Transaction Expenses that remains outstanding following the Closing; and (f) any matters or items set forth
on <U>Schedule 6.1</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena057_v1"></A>6.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>By Buyer. Upon the terms and subject to the conditions set forth in this Article 6, Buyer shall indemnify and hold harmless
the Sellers and their Affiliates, and their respective shareholders, members, managers, directors, officers, employees, agents
and other representatives (collectively, the &ldquo;<U>Seller Indemnified Parties</U>&rdquo;), from and against all Claims asserted
against, resulting to, imposed upon or incurred by any Seller Indemnified Party, directly or indirectly, by reason of or resulting
from (a) any inaccuracy or breach of any representation or warranty of Buyer contained in or made pursuant to this Agreement (ignoring,
for purposes of determining the amount of Claims with respect thereto, any &ldquo;materiality&rdquo;, &ldquo;Material Adverse
Effect&rdquo;, or similar qualifier set forth in such representation or warranty); and (b) any breach of any covenant of Buyer
contained in or made pursuant to this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena058_v1"></A>6.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indemnification of Third Party Claims. The following provisions shall apply to any Claim that is brought, made, filed or
instituted by a third party or the making of any claim or demand by any third party, in each case, including any Governmental
Entity (each, a &ldquo;<U>Third Party Claim</U>&rdquo;):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Notice</U>. The Party or Parties seeking to be indemnified (collectively, the &ldquo;<U>Indemnified Party</U>&rdquo;)
shall, after receiving written notice of a Third Party Claim, give the Party or Parties from whom indemnification is sought (collectively,
the &ldquo;<U>Indemnifying Party</U>&rdquo;) prompt written notice of such Third Party Claim describing in reasonable detail the
facts and circumstances with respect to the subject matter of such Claim or demand (taking into account the information then available
to the Indemnified Party) and an estimate of the amount of Claims with respect to such Claim or demand if such an estimate is
reasonably determinable. Failure to give notice of the Third Party Claim shall not affect the Indemnifying Party&rsquo;s duties
or obligations under this <U>Article 6</U>, except to the extent the Indemnifying Party is materially prejudiced thereby, it being
agreed that notices for Claims in respect of a breach of a representation, warranty, covenant or agreement must be delivered prior
to the expiration of any applicable survival period specified in this <U>Article 6</U> for such representation, warranty, covenant
or agreement and that such notice shall preserve any such claim despite the subsequent expiration of such survival period.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Defense</U>. The Indemnifying Party shall be entitled to undertake and control the defense, compromise and/or settlement
of the Third Party Claim by representatives chosen by the Indemnifying Party and reasonably acceptable to the Indemnified Party,
if the Indemnifying Party admits that it has an indemnification obligation hereunder with respect to the Third Party Claim, subject
to the terms, limitations and conditions of this Article 6, in which case such admission shall constitute the Indemnifying Party&rsquo;s
undertaking to pay directly all costs, expenses, damages, judgments, awards, penalties and assessments incurred in connection
therewith, subject to the terms, limitations and conditions of this Article 6. If the Indemnifying Party undertakes the defense
of the Third Party Claim, then the Indemnified Party shall have the right to reasonably participate in the defense of the Third
Party Claim at its own expense. So long as the Indemnifying Party is defending the Third Party Claim actively and in good faith
pursuant to this <U>Section 6.3(b)</U>, the Indemnified Party (i) shall not compromise or settle, or consent to the entry of a
judgment with respect to, the Third Party Claim without the prior written consent of the Indemnifying Party and (ii) shall provide
the Indemnifying Party with reasonable cooperation in the defense of the Third Party Claim.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Failure to Defend</U>. If the Indemnifying Party, within thirty (30) days, or earlier if reasonable under the circumstances,
after notice of the Third Party Claim, fails to notify the Indemnified Party that it will defend the Third Party Claim or fails
to defend the Third Party Claim actively and in good faith as described in <U>Section 6.3(b)</U>, then the Indemnified Party shall
(upon written notice to the Indemnifying Party) have the right to undertake the defense, compromise or settlement of the Third
Party Claim and in the event it is finally determined by a court of competent jurisdiction that the claim was a matter for which
the Indemnifying Party is required to provide indemnification under the terms of this <U>Article 6</U>, the Indemnifying Party
will bear the reasonable costs and expenses of such defense (including reasonable fees and expenses of counsel). Notwithstanding
the preceding sentence, if the Indemnified Party undertakes the defense, compromise or settlement of the Third Party Claim, the
Indemnifying Party may nonetheless participate in the defense of such Third Party Claim with its own counsel and its own expense
and the Indemnified Party and the Indemnifying Party shall reasonably cooperate with each other in the defense of the Third Party
Claims. Unless otherwise provided in this <U>Article 6</U>, none of the Indemnified Party or Indemnifying Party shall consent
to the entry of any judgment or enter into any settlement or compromise with respect to a Third Party Claim without the prior
written consent of the Indemnified Party or Indemnifying Party, as applicable, not to be unreasonably withheld, conditioned or
delayed unless such settlement results in no monetary or other obligations on the Indemnifying Parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Indemnified Party&rsquo;s Rights</U>. Notwithstanding anything to the contrary in this <U>Article 6</U>, (i) if there
is a reasonable probability that any Third Party Claim may affect the Indemnified Party other than as a result of money damages
or other money payments, including without limitation where equitable relief is sought or where the Third Party Claim involves
a major customer, licensor, licensee or major supplier of the Indemnified Party, then the Indemnified Party shall have the right
to undertake and control the defense, compromise and/or settlement of such Third Party Claim without waiver of its rights against
the Indemnifying Party and (ii) the Indemnifying Party shall not settle or compromise, or consent to the entry of judgment with
respect to, any Third Party Claim that does not include as an unconditional term thereof the giving by the claimant or the plaintiff
to the Indemnified Party of a release from all Liability in respect of such Third Party Claim without the prior written consent
of the Indemnified Party. Notwithstanding the preceding sentence, if the Indemnified Party undertakes the defense, compromise
or settlement of the Third Party Claim, the Indemnifying Party may nonetheless participate in the defense of such Third Party
Claim with its own counsel and at its own expense and the Indemnified Party and the Indemnifying Party shall reasonably cooperate
with each other in the defense of the Third Party Claim.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena059_v1"></A>6.4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Payment</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Subject to subsections (b) and (c) below, the Indemnifying Party shall promptly pay, or cause the Escrow Agent to pay (as
applicable), the Indemnified Party any amount due under this <U>Article 6</U>, by wire transfer of immediately available funds.
Subject to subsections (b) and (c) below, upon judgment, determination, settlement or compromise of any Third Party Claim, the
Indemnifying Party shall pay (or cause the Escrow Agent to pay, as applicable) promptly on behalf of the Indemnified Party, and/or
to the Indemnified Party in reimbursement of any amount theretofore required to be paid by it, the amount so determined by such
judgment, determination, settlement or compromise and all other Claims of the Indemnified Party with respect thereto, unless,
in the case of a judgment, an appeal is made from the judgment. If the Indemnifying Party desires to appeal from an adverse judgment,
then the Indemnifying Party shall post and pay the cost of the security or bond to stay execution of the judgment pending appeal.
Upon the payment in full of such amounts, the Indemnifying Party shall succeed to the rights of such Indemnified Party, to the
extent not waived in settlement, against the Person or entity that made the Third Party Claim.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Pursuant to the terms of the Escrow Agreement, Buyer and the Seller Representative shall give joint written instructions
to the Escrow Agent to release from the Escrow Account and deliver to the accounts specified by the Seller Representative on the
date that is one (1) Business Day following the eighteen (18) month anniversary of the Closing Date (the &ldquo;<U>Release Date</U>&rdquo;),
the sum of (X) the then remaining funds in the Escrow Account; <U>less</U> (Y) the aggregate amount of any Claims made pursuant
to <U>Section 6.1</U> which have not been finally settled or are otherwise pending prior to the Release Date <U>plus</U> (Z) all
interest accrued on the then remaining funds in the Escrow Account.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notwithstanding anything herein to the contrary, the Parties acknowledge and agree that any amounts determined to be payable
to any Buyer Indemnified Party by the Sellers pursuant to this <U>Article 6</U> (except with respect to any Claims arising out
of <U>Section 2.2(c)</U> which Buyer can pursue directly from the Sellers or can choose to recover from the Escrow Amount, in
Buyer&rsquo;s sole discretion) shall be paid (i) first from the Escrow Amount until the Escrow Amount is reduced to zero or until
Claims made pursuant to this <U>Article 6</U> and/or <U>Section 2.2(c)</U> reach the Escrow Amount, even if such Claims are pending,
and then (ii) by the Sellers, provided that, if the Sellers have not paid the Buyer any amount due and payable pursuant to this
<U>Article 6</U> within twenty (20) days of final judgment, determination, settlement or compromise of any Claim, in the Buyer&rsquo;s
sole and absolute discretion, the Buyer may elect that any such amounts be paid by set-off against any Earn-Out Payment that is,
or otherwise will be, due and payable to the Sellers pursuant to <U>Section 2.2(e)</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena060_v1"></A>6.5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Limitations on Indemnification. Except for any willful or intentional breach or misrepresentation or fraud, as to which
claims may be brought without limitation as to time or amount:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Time Limitation</U>. No claim or action shall be brought under <U>Section 6.1(a)</U> for breach of a representation
or warranty after the lapse of eighteen (18) months after the Closing Date. Notwithstanding the foregoing or any other provision
of this Agreement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Any claim or action brought for breach of any representation or warranty made in or pursuant to <U>Sections 3.1(b) and
(f)</U>, <U>3.2</U>, <U>3.3</U>, <U>3.6</U>, <U>3.25</U>, <U>4.1(b)</U>, <U>4.2</U> and <U>4.3</U> (together, the &ldquo;<U>Fundamental
Representations</U>&rdquo;) may be brought at any time until the date that is thirty (30) days after the underlying obligation
is barred by the applicable period of limitation under Laws relating thereto (or, if no such period exists, indefinitely).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Any claim or action made by an Indemnified Party by providing the Indemnifying Party with written notice of an alleged
breach of a representation or warranty prior to the expiration of the survival period for such claim or action shall be preserved
despite the subsequent expiration of such survival period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If any act, omission, disclosure or failure to disclose shall form the basis for a claim or action for breach of more than
one representation or warranty and such claims have different periods of survival hereunder, then the expiration of the survival
period of one claim or action shall not affect an Indemnified Party&rsquo;s right to make a claim or action based on the breach
of representation or warranty still surviving.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Threshold Limitation</U>. Except with respect to claims for breaches of Fundamental Representations (as to which the
limitations in this <U>Section 6.5(b)</U> shall not apply), an Indemnified Party shall not be entitled to indemnification under
<U>Section 6.1(a)</U> for breaches of representations and/or warranties unless the aggregate of the Indemnifying Party&rsquo;s
indemnification obligations under this <U>Article 6</U> for breaches of representations and/or warranties (but for this <U>Section
6.5(b)</U>) exceeds One Hundred Twenty Five Thousand Dollars ($125,000) (the &ldquo;<U>Basket</U>&rdquo;); at which point the
Indemnifying Party shall satisfy all such indemnification obligations minus 50% of the Basket; <U>provided, however</U>, that
the Indemnifying Party and its Affiliates in any event shall have no liability hereunder to an Indemnified Party and its Affiliates
for any Claims under <U>Section 6.1(a)</U> for breaches of representations and/or warranties that individually total less than
Five Thousand Dollars ($5,000) (&ldquo;<U>De Minimis Losses</U>&rdquo;), provided, further, however, that all De Minimis Losses
shall count towards the Basket, and, upon exceeding the Basket, the Indemnifying Party shall be responsible for such Basket (including
the De Minimis Losses counted therein) in accordance with and subject to the limitations set forth in this <U>Article 6</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Aggregate Amount Limitation</U>. Except with respect to claims for breaches of Fundamental Representations (as to which
the limitation in this <U>Section 6.5(c) </U>shall not apply), the aggregate amount of all Claims actually paid by an Indemnified
Party under <U>Section 6.1(a)</U> for breaches of representations and/or warranties shall not exceed Two Million Two Hundred Fifty
Thousand Dollars ($2,250,000). Notwithstanding anything herein to the contrary, each Seller&rsquo;s maximum aggregate amount of
all Claims actually paid by the Sellers shall not exceed the sum of payments actually received by the Sellers in the aggregate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Additional Limitations</U>. The amount of any Claim subject to indemnification pursuant to this <U>Article 6</U> shall
be:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>calculated net of any amounts received by any Indemnified Party under insurance policies with respect to such Claims (reduced
by the amount of costs incurred in procuring such recoveries and by the amount of any Income Tax payable by the Indemnified Party
in respect of such recovery); and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>reduced to the extent such Loss (or any part thereof) was taken into account in the determination of the Final Closing
Net Working Capital.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena061_v1"></A>6.6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Purchase Price Adjustment. Any payment by Buyer or the Sellers under this <U>Article 6</U> will be treated for Tax purposes
as an adjustment to the consideration hereunder for the Equity Interests.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena062_v1"></A>6.7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Sole and Exclusive Remedy. From and after the Closing, in the absence of fraud or any willful or intentional breach or
misrepresentation, and subject to <U>Section 8.15</U>, the indemnification terms set forth in this <U>Article 6</U> shall constitute
the sole and exclusive monetary remedy of the Parties, the Indemnified Parties and their respective Affiliates for any and all
Claims or other claims relating to or arising from this Agreement or in connection with the transactions contemplated hereby,
including in any exhibit, Schedule or certificate delivered hereunder (including any common law or statutory rights or remedies
for environmental, health or safety matters), in each case regardless of the legal theory under which such liability or obligation
may be sought to be imposed, whether sounding in contract or tort, or whether at Law or in equity, or otherwise, and the Parties
hereby agree that no Party (and no Indemnified Party) shall have any monetary remedy or monetary recourse with respect to any
of the foregoing other than as expressly set forth in this <U>Article 6</U> (and subject to the limitations and terms set forth
in this <U>Article 6</U>). The Parties hereto agree that the provisions in this Agreement relating to indemnification, and the
limits imposed on the remedies of the Parties with respect to this Agreement and the transactions contemplated hereby, were specifically
bargained for between sophisticated parties and were specifically taken into account in the determination of the amounts to be
paid to the Sellers hereunder.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena063_v1"></A><B>7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B>CLOSING</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena064_v1"></A>7.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Closing Date; Location. The consummation of the transactions contemplated hereby (the &ldquo;<U>Closing</U>&rdquo;) shall
take place at the offices of Foley &amp; Lardner LLP, 500 Woodward Avenue, Suite 2700, Detroit, Michigan (or remotely via the
electronic exchange of closing deliveries), at 10:00 a.m., local time on the date hereof (the &ldquo;<U>Closing Date</U>&rdquo;).
The Closing shall be deemed to have become effective as of 12:01 a.m., local time, on the Closing Date, and such time and date
is referred to as the &ldquo;<U>Effective Time</U>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena065_v1"></A>7.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Documents to be Delivered by the Companies and the Sellers. At the Closing, the Companies and the Sellers shall deliver
to Buyer the following documents, in each case duly executed or otherwise in proper form:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Stock Certificates</U>. A stock certificate or certificates representing the Equity Interests, if applicable, duly endorsed
for transfer or with duly executed stock powers attached.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Escrow Agreement</U>. The Escrow Agreement, duly executed by the Seller Representative.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>General Releases</U>. General releases, in form and substance reasonably acceptable to Buyer and the Sellers, releasing
Buyer and its Affiliates (including, for this purpose, the Companies) and their respective shareholders, managers, members, directors,
officers, employees, agents and other representatives from all Claims relating to acts or omissions occurring prior to the Closing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Incumbency Certificate</U>. Incumbency certificates relating to each Person executing any document executed and delivered
to Buyer pursuant hereto, in form and substance reasonably satisfactory to Buyer and the Sellers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Certified Charter</U>. A copy of the charter of each Company, certified as of a recent date by the appropriate Governmental
Entity of the jurisdiction of incorporation or formation of such Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Certified Bylaws or Similar Organizational Documents</U>. A copy of the bylaws and similar organizational documents
of each Company, certified by the secretary or an authorized signatory thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Certified Resolutions</U>. A copy of the resolutions or certificates of trust, as applicable, of the Boards of Directors,
Trustees and/or Managers, as applicable, of each Company and each Seller that is not an individual, authorizing and approving
this Agreement and the other documents and instruments to be executed and delivered by such Company pursuant hereto and the consummation
of the transactions contemplated hereby and thereby, certified by the secretary or an authorized signatory thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Good Standing Certificate</U>. A Certificate of Good Standing for each Company, issued as of a recent date by the appropriate
Governmental Entity of the State of incorporation or formation for each such Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Payoff Letters</U>. Customary payoff letters related to the Funded Indebtedness.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Lien Releases</U>. Evidence of the release of all Liens (other than Permitted Liens).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Employment Agreements</U>. Each of Jake Schwartz, Steve Shapiro, Daniel Schwartz and Barbara Schwartz shall have delivered
executed employment agreements with the applicable Company (each individually, an &ldquo;<U>Employment Agreement</U>&rdquo; and
collectively, the &ldquo;<U>Employment Agreements</U>&rdquo;), in the form and substance acceptable to Buyer, the Sellers, and
each of Jake Schwartz, Steve Shapiro, Daniel Schwartz and Barbara Schwartz, as applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Resignations</U>. The resignation of Daniel Schwartz as the President of Schwartz &amp; Benjamin, Inc. and B.D.S., Inc.,
each effective as of the Closing Date, in form and substance reasonably satisfactory to Buyer and the Sellers, duly executed by
such Persons.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Consents to Assignment</U>. Such consents to assignment, notices, waivers and similar instruments set forth on <U>Schedule
7.2(m)</U>, in form and substance reasonably satisfactory to Buyer and the Sellers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>FIRPTA Certificates</U>. Statements, signed by each Seller under penalties of perjury, in form reasonably satisfactory
to Buyer and dated no earlier than twenty (20) days prior to the Closing Date, certifying that the respective Seller is not a
&ldquo;foreign person&rdquo; (within the meaning of Section 1445 of the Code).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Intellectual Property Assignment</U>. Evidence in form and substance reasonably satisfactory to Buyer that all Company
Trade Rights that are not currently owned by the Companies have been assigned to S&amp;B and such assignments have been recorded
with the appropriate Governmental Entities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Minute Books and Stock Records</U>. The original minute books, stock records and similar organizational documents of
each Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Other Documents</U>. All other documents, instruments or writings required to be delivered to Buyer at or prior to the
Closing pursuant to this Agreement or otherwise necessary to effect the intent hereof and such other certificates of authority
and documents as Buyer may reasonably request.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena066_v1"></A>7.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Documents to be Delivered by Buyer. At the Closing, Buyer shall deliver: to the Escrow Agent, the Escrow Amount; to the
accounts designated in writing by the Seller Representative for the benefit of the Sellers the cash payment required by <U>Section
2.2(b)</U>; and to the Seller Representative, the following documents, in each case duly executed or otherwise in proper form:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Escrow Agreement</U>. The Escrow Agreement, duly executed by the Buyer and the Escrow Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Incumbency Certificate</U>. Incumbency certificates relating to each Person executing any document executed and delivered
to the Seller Representative pursuant hereto, in form and substance reasonably satisfactory to the Seller Representative.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Certified Resolutions</U>. A copy of the meeting minutes or resolutions of the Board of Directors of Buyer, authorizing
and approving this Agreement and the other documents and instruments to be executed and delivered by Buyer pursuant hereto and
the consummation of the transactions contemplated hereby and thereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Employment Agreements</U>. Each of the Employment Agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Other Documents</U>. All other documents, instruments or writings required to be delivered to the Seller Representative
at or prior to the Closing pursuant to this Agreement or otherwise necessary to effect the intent hereof and such other certificates
of authority and documents as the Seller Representative may reasonably request.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena067_v1"></A><B>8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B>MISCELLANEOUS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena068_v1"></A>8.1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Publicity. No public release or announcement relating to the transactions contemplated hereby shall be issued or made by
any Party without the prior consent of Buyer and the Seller Representative (which consent shall not be unreasonably withheld,
conditioned or delayed), except as such release or announcement may, in the reasonable judgment of the releasing Party, be required
by Law or Order or the rules or regulations of any U.S. securities exchange, in which case the Party required to make the release
or announcement shall allow the other Party reasonable time to comment on such release or announcement in advance of such issuance.
Notwithstanding the foregoing, (a) the Parties shall reasonably cooperate to prepare a joint press release to be issued on the
Closing Date, and (b) the Companies and the Sellers shall provide Buyer reasonable access to, and reasonably facilitate meetings
with, employees of the Companies for the purpose of making announcements relating to, and preparing for the consummation of, the
transactions contemplated hereby. Each Party agrees to keep the terms of this Agreement confidential, except to the extent required
by applicable Law or Order or for financial reporting purposes (provided that, in any event, the Parties will take all available
actions to maintain such confidentiality) and except that the Parties may disclose such terms to their respective accountants
and other representatives as necessary in connection with the ordinary conduct of their respective businesses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena069_v1"></A>8.2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Assignment. Except to the extent otherwise expressly set forth in this Agreement, none of the Parties may assign, transfer
or otherwise encumber this Agreement or its rights or obligations hereunder, in whole or in part, whether voluntarily or by operation
of Law, without the prior written consent of Buyer and the Seller Representative, and any attempted assignment without such consent
shall be void and without legal effect; provided, however, that Buyer may assign any of its rights or obligation under this Agreement
to any of its Affiliates without the prior written consent of the Seller Representative; <U>provided</U> <U>further</U>, <U>however</U>,
that any such assignment shall not relieve Buyer of any of the obligations set forth in this Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena070_v1"></A>8.3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Parties in Interest. This Agreement shall be binding upon, inure to the benefit of and be enforceable by the Parties and
their respective heirs, beneficiaries, personal representatives, permitted successors and permitted assigns. Nothing in this Agreement,
express or implied, is intended to confer upon any person any right relating in any way to employment or terms of employment with
Buyer or any of its Affiliates (including, for this purpose, the Companies) other than <U>Section 5.4</U>, <U>Article 6</U> and
this <U>Section&nbsp;8.3</U> (each of which is intended to be for the benefit of the Persons covered thereby and may be enforced
by such Persons). For the avoidance of doubt, with respect to the Sellers, the term &ldquo;permitted successors&rdquo; as used
herein, shall include, without limitation, any Seller Trust to the extent all or any portion of the Purchase Price is transferred
thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena071_v1"></A>8.4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Law Governing Agreement; Consent to Jurisdiction; No Jury Trial. This Agreement shall be governed by the laws of the State
of New York, excluding any choice of law rules that may direct the application of the laws of another jurisdiction. Each Party
stipulates that any dispute or disagreement between or among any of the Parties as to the interpretation of any provision of,
or the performance of obligations under, this Agreement (each, a &ldquo;<U>Dispute</U>&rdquo;) shall be commenced and prosecuted
in its entirety in, and consents to the exclusive jurisdiction and proper venue of, the federal or state courts located in the
State of New York, and each Party consents to personal and subject matter jurisdiction and venue in such courts and waives and
relinquishes all right to attack the suitability or convenience of such venue or forum by reason of their present or future domiciles,
or by any other reason. The Parties acknowledge that all directions issued by the forum court, including all injunctions and other
decrees, will be binding and enforceable in all jurisdictions and countries. Each Party waives any right to trial by jury with
respect to any Dispute.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena072_v1"></A>8.5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable
law, such provision shall be ineffective only in such jurisdiction and only to the extent of such prohibition or invalidity, without
invalidating the remainder of such provisions or the remaining provisions of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena073_v1"></A>8.6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Amendment. This Agreement may be amended or supplemented only pursuant to a written instrument executed and delivered by
Buyer and the Seller Representative.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena074_v1"></A>8.7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Waiver. No waiver by any Party of any of the provisions of this Agreement shall be effective unless expressly set forth
in writing and executed by the Party so waiving. Except as provided in the preceding sentence, no action taken pursuant to this
Agreement, including any investigation by or on behalf of any Party, shall be deemed to constitute a waiver by the Party taking
such action of compliance with any representations, warranties or covenants contained in this Agreement and in any documents delivered
or to be delivered pursuant hereto. The waiver by any Party of a breach of any provision of this Agreement shall not operate or
be construed as a waiver of any subsequent breach.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena075_v1"></A>8.8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notice. All notices, requests, demands and other communications under this Agreement shall be given in writing and shall
be personally delivered; sent by facsimile transmission; or sent by registered or certified U.S. mail, return receipt requested
and postage prepaid; or by private overnight mail courier service, as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If to Buyer or to any Company, to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Steven Madden, Ltd.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">52-16 Barnett Ave.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Long Island City, NY 11104</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Attention: Edward R. Rosenfeld</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Facsimile: (718) 308-8993</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">(with a copy to)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Foley &amp; Lardner LLP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">500 Woodward Ave., Suite
2700</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Detroit, MI 48226</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Attention: John Simon and
Gjina Lucaj</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Facsimile: (313) 234-2800</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If to the Sellers or the Seller Representative, to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Daniel Schwartz</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">1 Quinby Ridge Rd.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Armonk, NY 10504</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Facsimile: (212) 974-0609</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">(with a copy to)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Brown Rudnick LLP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">7 Times Square</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">New York, NY 10036</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Attention: Catherine B. Gardner</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify"><FONT STYLE="font-size: 10pt">Facsimile: (212) 938-2867</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-size: 10pt">or to
such other Person or address as any Party shall have specified by notice in writing to the other Parties. If personally delivered,
such communication shall be deemed delivered upon actual receipt; if sent by facsimile transmission, such communication shall
be deemed delivered the day of the transmission, or if the transmission is not made on a Business Day, the first Business Day
after transmission (and sender shall bear the burden of proof of delivery); if sent by U.S. mail, such communication shall be
deemed delivered as of the date of delivery indicated on the receipt issued by the relevant postal service or, if the addressee
fails or refuses to accept delivery, as of the date of such failure or refusal; and if sent by overnight courier, such communication
shall be deemed delivered upon receipt.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena076_v1"></A>8.9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Expenses. Regardless of whether or not the transactions contemplated hereby are consummated:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Expenses to be Paid by the Sellers</U>. The Sellers, jointly and severally, shall pay each of the following (none of
which shall constitute a Liability payable by the Companies or Buyer):</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>all claims for brokerage commissions or finder&rsquo;s fees arising as a result of the retention, employment or other use
of any broker or finder by any Company or the Sellers, or their directors, officers, employees or agents in connection with the
transactions provided for herein or the negotiation thereof; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>all fees and expenses of the Companies (prior to the Closing) and the Sellers&rsquo; legal, accounting, investment banking
and other professional counsel in connection with the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Expenses to be Paid by Buyer</U>. Buyer shall pay each of the following (none of which shall constitute a Liability
payable by the Sellers):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>all claims for brokerage commissions or finder&rsquo;s fees arising as a result of the retention, employment or other use
of any broker or finder by Buyer and any of its shareholders, directors, officers, employees or agents in connection with the
transactions provided for herein or the negotiation thereof; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>all fees and expenses of Buyer&rsquo;s legal, accounting, investment banking and other professional counsel in connection
with the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena077_v1"></A>8.10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Seller Representative.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Daniel Schwartz as Seller Representative is hereby designated as the agent of the Sellers with exclusive authority to make
all decisions and determinations and to take all actions (including giving consents and waivers to this Agreement) required or
permitted hereunder on behalf of the Sellers, and any such action, decision or determination so made or taken shall be deemed
the action, decision or determination of the Sellers, and any notice, document, certificate or information required to be given
to any Seller shall be deemed so given if given to the Seller Representative. Without limiting the generality of the foregoing,
such powers and authority shall include, without limitation, acting in the name of and on behalf of the Sellers with respect to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the execution, delivery, receipt and acceptance of delivery of, such notices, releases, instruments and other documents
as the Seller Representative determines, in its sole discretion, to be appropriate to consummate the transactions contemplated
by this Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>providing the calculations contemplated by <U>Article 2</U> of this Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the investigation, prosecution, defense and/or settlement of any claims pursuant to <U>Article 6</U> of this Agreement,
or otherwise related to this Agreement or the transactions contemplated hereby; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>authorizing disbursements from the Escrow Account;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>making all decisions in connection with any amendment to this Agreement, the Escrow Agreement or any other document related
to the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Each Seller, for itself and its successors and assigns, together with, in the case of any Seller that is an individual,
his heirs and personal representatives, and in the case of any Seller that is a trust, its trustee and its beneficiaries, hereby
constitutes and appoints the Seller Representative as its attorney-in-fact, with full power of substitution, with full power and
authority to perform any action described above in the foregoing provisions or this <U>Section 8.10</U>, it being understood that
the foregoing power of attorney shall be deemed to be coupled with an interest and shall survive the death, incapacity, liquidation,
dissolution or other termination of an Seller.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>All actions, decisions and instructions of the Seller Representative taken, made or given pursuant to the authority granted
to the Seller Representative pursuant to this <U>Section 8.10</U> shall be final, conclusive and binding upon all Sellers. The
power and authority of the Seller Representative, as described in this Agreement shall continue in full force until all rights
and obligations of Sellers under this Agreement shall have terminated, expired or been fully performed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Buyer, its Affiliates and, after the Closing, the Companies shall be entitled to rely conclusively on the instructions,
decisions and actions of the Seller Representative in all matters in which action by the Seller Representative is required or
permitted, or otherwise contemplated to be taken by, the Seller Representative under this Agreement or otherwise, and Buyer, its
Affiliates and, after the Closing, the Companies are hereby released and relieved from any liability to any Person for (a) any
acts or omissions by any of them in accordance with any instructions (including payment instructions), decisions or acts of the
Seller Representative and (b) any instructions, decisions or actions of the Seller Representative in all matters in which action
by the Seller Representative is required or permitted, or otherwise contemplated to be taken by, the Seller Representative under
this Agreement or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena078_v1"></A>8.11.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Entire Agreement. This Agreement (including the exhibits and schedules attached hereto, including the Disclosure Schedules)
and the Counsel Email supersede all prior agreements (including the Letter of Intent, dated September 28, 2016, as amended or
supplemented from time to time) among the Parties, and constitute (together with the other documents and instruments to be executed
and delivered pursuant hereto) a complete and exclusive statement of the terms of the agreement, among the Parties with respect
to its subject matter. There have been and are no representations, warranties or covenants among the Parties other than those
set forth or provided for in this Agreement and the Counsel Email.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena079_v1"></A>8.12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Counterparts. This Agreement may be executed by signatures exchanged via facsimile or other electronic means and in one
or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena080_v1"></A>8.13.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Strict Construction. Notwithstanding the fact that this Agreement has been drafted or prepared by one of the Parties,
each of the Parties confirms that both it and its counsel have reviewed, negotiated and adopted this Agreement as the joint agreement
and understanding of the Parties. The language used in this Agreement shall be deemed to be the language chosen by the Parties
to express their mutual intent, and no rule of strict construction shall be applied against any Party.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena081_v1"></A>8.14.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Acknowledgment of Buyer. THE REPRESENTATIONS AND WARRANTIES BY THE SELLERS IN ARTICLE 3 AND IN ANY ANCILLARY DOCUMENT OR
CERTIFICATE (INCLUDING THE COUNSEL EMAIL), CONSTITUTE THE SOLE AND EXCLUSIVE REPRESENTATIONS AND WARRANTIES OF THE SELLERS TO
BUYER IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED HEREBY, AND BUYER UNDERSTANDS, ACKNOWLEDGES AND AGREES THAT ALL OTHER REPRESENTATIONS
AND WARRANTIES OF ANY KIND OR NATURE EXPRESSED OR IMPLIED (INCLUDING, BUT NOT LIMITED TO, ANY RELATING TO THE FUTURE OR HISTORICAL
FINANCIAL CONDITION, RESULTS OF OPERATIONS, PROJECTIONS OR FORECASTS WITH RESPECT TO THE REVENUES, ASSETS OR LIABILITIES OF THE
COMPANIES) ARE SPECIFICALLY DISCLAIMED BY THE COMPANIES AND THE SELLERS AND SHALL NOT (EXCEPT AS OTHERWISE EXPRESSLY REPRESENTED
TO IN THIS AGREEMENT OR IN ANY ANCILLARY DOCUMENT OR CERTIFICATE) FORM THE BASIS OF ANY CLAIM AGAINST THE COMPANIES, ITS SUBSIDIARIES
OR ANY OF ITS ADVISORS, AFFILIATES OR THE SELLERS, OR ANY OF THEIR RESPECTIVE AFFILIATES OR REPRESENTATIVES WITH RESPECT THERETO.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena082_v1"></A>8.15.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Specific Enforcement. Notwithstanding anything to the contrary in this Agreement, each of the Parties hereto acknowledges
and agrees that irreparable damage would occur and that the parties would not have any adequate remedy at law in the event that
any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached.
It is accordingly agreed that the Parties shall be entitled to an injunction or injunctions, specific performance and other equitable
relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, this being
in addition to any other remedy to which they are entitled at law or in equity. Each of the Parties agrees that it will not oppose
the granting of an injunction, specific performance and other equitable relief when expressly available pursuant to the terms
of this Agreement, and hereby waives (x) any defenses in any action for an injunction, specific performance or other equitable
relief, including the defense that the other parties have an adequate remedy at law or an award of specific performance is not
an appropriate remedy for any reason at law or equity, and (y) any requirement under Law to post a bond, undertaking or other
security as a prerequisite to obtaining equitable relief.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena083_v1"></A>8.16.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Waiver of Conflicts. It is acknowledged by each of the Parties that Sellers, the Seller Representative and their equityholders
(and their respective Affiliates) have retained Brown Rudnick LLP (&ldquo;<U>Sellers&rsquo; Counsel</U>&rdquo;) to act as their
counsel in connection with the transactions contemplated hereby and that Sellers&rsquo; Counsel has not acted as counsel for any
other Person in connection with the transactions contemplated hereby and that no other party or Person has the status of a client
of Sellers&rsquo; Counsel for conflict of interest or any other purposes as a result thereof. Buyer hereby agrees that, in the
event that a dispute arises between Buyer or any of its Affiliates (including the Companies after the Closing Date) and the Seller
Representative, Sellers or any of their respective Affiliates, Sellers&rsquo; Counsel may represent the Seller Representative,
Sellers or any of their respective Affiliates in such dispute even though the interests of the Seller Representative, Sellers
or any of their respective Affiliates may be directly adverse to Buyer or any of its Affiliates (including the Companies after
the Closing Date) and even though Sellers&rsquo; Counsel may have represented the Companies in a matter substantially related
to such dispute, and Buyer and its Affiliates (including the Companies after the Closing Date) hereby waive, on behalf of themselves
and each of their Affiliates, any conflict of interest in connection with such representation by Sellers&rsquo; Counsel. Buyer
further agrees that, as to all pre-Closing communications among Sellers&rsquo; Counsel, the Companies and any equityholder of
any of the Companies solely to the extent related to the transactions contemplated by this Agreement, the attorney-client privilege,
the expectation of client confidence and all other rights to any evidentiary privilege with respect to such pre-Closing communications
belong to the Seller Representative, Sellers and their respective Affiliates, as applicable, and may be controlled by the Seller
Representative, Sellers and their respective Affiliates and shall not pass to or be claimed by Buyer or any of its Affiliates
(including the Companies after the Closing Date); <I>provided</I>, that the foregoing shall in no event limit or otherwise affect
Buyer&rsquo;s or any of the Companies&rsquo; right to assert any attorney-client privilege or any other rights to any evidentiary
privilege with respect to any such communications against any Person other than any Sellers and their respective Affiliates prior
to the Closing. Buyer, on behalf of itself and its Affiliates (including the Companies after the Closing Date) shall not be entitled
to waive such privilege except with the prior written consent of the Seller Representative.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena084_v1"></A>8.17.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Interpretive Provisions. For purposes of this Agreement, (a) the words &ldquo;<U>including</U>&rdquo; and &ldquo;<U>include</U>&rdquo;
shall be deemed to be followed by the words <U>&ldquo;including without limitation</U>&rdquo; and &ldquo;<U>include without limitation</U>,&rdquo;
respectively, (b) the word &ldquo;<U>or</U>&rdquo; is not exclusive, (c) the words &ldquo;<U>herein</U>,&rdquo; &ldquo;<U>hereof</U>,&rdquo;
&ldquo;<U>hereby</U>,&rdquo; &ldquo;<U>hereto</U>&rdquo; or &ldquo;<U>hereunder</U>&rdquo; refer to this Agreement as a whole,
(d) the phrases &ldquo;made available to Buyer&rdquo; or &ldquo;delivered to Buyer&rdquo; or words of similar import shall mean
uploaded to the virtual data room prepared in connection with this Agreement and the transactions contemplated hereby, with full
access to Buyer and (e) the term &ldquo;<U>Knowledge</U>&rdquo; when used in the phrases, &ldquo;<U>to the Companies Knowledge</U>&rdquo;,
&ldquo;<U>to the Knowledge of the Companies</U>&rdquo; or &ldquo;<U>the Company has no knowledge</U>&rdquo; or words of similar
import shall mean, the actual knowledge, assuming that each such Person has made due inquiry, of any of the following Daniel Schwartz,
Loran Wurdeman, Steve Shapiro and Barbara Schwartz.<B><I> </I></B>Unless the context otherwise requires, references in this Agreement:
(A) to Articles, Sections, Exhibits and Schedules mean the Articles and Sections of, and the Exhibits and Schedules attached to,
this Agreement; (B) to an agreement, instrument or other document means such agreement, instrument or other document as amended,
supplemented and modified from time to time to the extent permitted by the provisions thereof and by this Agreement; and (C) to
a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated
thereunder. The Schedules, Counsel Email and Exhibits referred to in this Agreement shall be construed with and as an integral
part of this Agreement to the same extent as if they were set forth verbatim herein. Titles to Articles and headings of Sections
are inserted for convenience of reference only and shall not be deemed a part of or to affect the meaning or interpretation of
this Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><A NAME="smaddena085_v1"></A>8.18.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Definitions. For purposes of this Agreement, capitalized terms used but not defined in the context of the Section in which
such terms first appear have the following respective meanings:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>&sect;338(h)(10) Election</U>&rdquo; has the meaning set forth in <U>Section&nbsp;5.2(e)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Accounting Principles</U>&rdquo; has the meaning set forth in <U>Section&nbsp;2.4(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Additional Amount</U>&rdquo; means, with respect to a payment under <U>Sections 2.2(a)</U>, <U>2.2(b)</U>, <U>2.2(c)</U>,
or <U>2.2(e)</U> in respect of a Group 1 Company for which a &sect;338(h)(10) Election is made or in respect of S&amp;B, the amount
necessary to cause the after-Tax net proceeds received by the shareholders of each Company (or, in the case of S&amp;B, the beneficiaries
of Schwartz &amp; Benjamin Holdings Trust) with respect to such payment (including any Additional Amounts with respect to such
payments) to be equal to the after-Tax net proceeds that the shareholders would have received with respect to such payment had
the &sect;338(h)(10) Election not been made or the equity of Schwartz &amp; Benjamin Holdings Trust had been sold, as applicable.
In determining the Additional Amount, the following assumptions shall be made: (i) each shareholder shall be assumed to be an
individual residing in the State of New York, and shall be assumed to be subject to the highest applicable rates of federal income
Tax and any income Tax imposed by that State; (ii) each shareholder or beneficiary, as applicable, shall be assumed to have no
items of income, gain, deduction, loss, or credits other than those items that are attributable to the sale of the shares of the
particular Company; and (iii) Schwartz &amp; Benjamin Holdings Trust shall be assumed to qualify at all times as a S corporation
within the meaning of Sections 1361 and 1362 of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Affiliate</U>&rdquo; means, (i) with respect to any Person or entity, any other Person or entity that, directly
or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such Person
or entity, and the term &ldquo;<U>control</U>&rdquo; (including the terms &ldquo;<U>controlled by</U>&rdquo; and &ldquo;<U>under
common control with</U>&rdquo;) means the possession, directly or indirectly, of more than fifty percent (50%) of the outstanding
voting power of such Person or entity or the power to direct or cause the direction of the management and policies of such Person
or entity, whether through ownership of voting securities, by contract or otherwise; (ii) with respect to any natural Person,
in addition to the foregoing, any spouse or family members living in the same household of such specified Person; and (iii) with
respect to a trust, in addition to the foregoing, any settlor, grantor, donor, beneficiary, and trustees of such trust. For the
avoidance of doubt, the term &ldquo;<U>Affiliate</U>&rdquo; shall include any trust (x) created by any Seller, and/or his or her
spouse, as settler, grantor, donor or otherwise, (y) under which such Seller and/or his or her spouse has contributed assets,
or (z) which the Seller and/or his or her spouse or children, is, was, or will be a beneficiary of (each a &ldquo;<U>Seller Trust</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Agreement</U>&rdquo; has the meaning set forth in the preamble to this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Allocation Schedule Dispute</U>&rdquo; has the meaning set forth in <U>Section 5.2(f)(ii)</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Allocation Schedule Objection</U>&rdquo; has the meaning set forth in <U>Section 5.2(f)(ii)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Annual Recoupment Amount</U>&rdquo; has the meaning set forth in <U>Section 2.2(e)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Anticorruption Laws</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.12(d)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Anti-Money Laundering Laws</U>&rdquo; has the meaning set forth in <U>Section 3.12(f)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>BA Lines</U>&rdquo; has the meaning set forth in <U>Section 2.2(e)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Balance Sheet</U>&rdquo; has the meaning set forth in <U>Section 2.4(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Balance Sheet Dispute</U>&rdquo; has the meaning set forth in <U>Section&nbsp;2.4(f)(i)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Balance Sheet Objection</U>&rdquo; has the meaning set forth in <U>Section&nbsp;2.4(d)</U> \* MERGEFORMAT .</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Basket</U>&rdquo; has the meaning set forth in <U>Section 6.5(b)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Business</U>&rdquo; has the meaning set forth in the recitals of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Business Day</U>&rdquo; means any day except a Saturday, Sunday or other date on which banking institutions located
in the State of New York are authorized by Law or Order to close.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Buyer</U>&rdquo; has the meaning set forth in the preamble of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(s)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Buyer Benefit Plan</U>&rdquo; has the meaning set forth in <U>Section&nbsp;5.7(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(t)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Buyer Indemnified Parties</U>&rdquo; has the meaning set forth in <U>Section&nbsp;6.1</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(u)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Cash</U>&rdquo; means, without duplication, cash and cash equivalents and investment accounts as of the date
of determination, (i) less the amounts of any unpaid checks, drafts and wire transfers issued or outstanding on or prior to the
date of determination, (ii) less the amounts of any unpaid checks, drafts and wire transfers issued or outstanding on or prior
to the date of determination, (iii) less any cash held in any account maintained outside of the United States, and (iv) plus the
amounts of any checks, drafts and wire transfers received by any Company but not yet deposited as of the date of determination,
to the extent the corresponding account(s) receivable has been adjusted accordingly.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Change of Control</U>&rdquo; means (i) the acquisition by any &ldquo;Person&rdquo; or &ldquo;group&rdquo; (within
the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), in a single transaction
or in a related series of transactions (other than an offering of Buyer&rsquo;s securities to the general public through a registration
statement filed with the Securities and Exchange Commission), by way of merger, consolidation or other business combination or
purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision), directly
or indirectly, greater than 50% of the total voting power of the securities of Buyer or any direct or indirect parent thereof
outstanding immediately after such acquisition; (ii) consummation of a reorganization, merger or consolidation of Buyer or any
direct or indirect parent thereof with any Person other than an affiliate of Buyer (a &ldquo;<U>Business Combination</U>&rdquo;),
in each case, in which the shareholders of Buyer or such Affiliate, as the case may be, retain, directly or indirectly, less than
50% of the then outstanding voting securities entitled to vote generally in the election of directors of the corporation resulting
from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns Buyer
or all or substantially all of Buyer&rsquo;s assets either directly or through one or more subsidiaries), or (iii) the sale, lease,
transfer or other conveyance, in one or a series of related transactions, of all or substantially all of the assets of Buyer and
its subsidiaries, taken as a whole, to any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the
Exchange Act, or any successor provision).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(w)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Claim</U>&rdquo; means and includes (i) all Liabilities; (ii) all losses, damages, judgments, awards, penalties
and settlements; (iii) all demands, claims, suits, actions, causes of action, proceedings and assessments, whether or not ultimately
determined to be valid; and (iv) all costs and expenses (including prejudgment interest in any litigated or arbitrated matter
and other interest), court costs and fees and expenses of attorneys, consultants and expert witnesses) of investigating, defending
or asserting any of the foregoing or of enforcing this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Closing</U>&rdquo; has the meaning set forth in <U>Section 7.1</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(y)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Closing Cash</U>&rdquo; means Cash of the Companies as of the Effective Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(z)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Closing Date</U>&rdquo; has the meaning set forth in <U>Section 7.1</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(aa)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Code</U>&rdquo; means the Internal Revenue Code of 1986, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(bb)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Company</U>&rdquo; and &ldquo;<U>Companies</U>&rdquo; have the meaning set forth in the preamble of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(cc)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Company Indemnified Parties</U>&rdquo; has the meaning set forth in <U>Section 5.4</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(dd)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Company Insurance Policies</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.14</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ee)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Company Trade Rights</U>&rdquo; means all of the Companies&rsquo; worldwide rights in, to and under Trade Rights
used in the Business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ff)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Company Transaction Expenses</U>&rdquo; means all (i) fees and expenses of the Companies&rsquo; legal, accounting,
investment banking and other professional counsel in connection with the transactions contemplated hereby, (ii) the Executive
Payments and (iii) fifty percent (50%) of the Tail Policy premium, underwriting fee and any other expense or fees payable in connection
with obtaining the Tail Policy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(gg)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Competitor</U>&rdquo; means any Person that now or hereafter engages in or attempts to engage in any aspect of
the Business as it is conducted as of the Closing Date or, to the Knowledge of the Companies, planned or anticipated to be conducted
as of the Closing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(hh)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Confidential Information</U>&rdquo; means all ideas, information, knowledge and discoveries, whether or not patentable,
trademarkable or copyrightable, that are not generally known in the trade or industry and about which any Seller has knowledge
as a result of his or her participation in, or direct or indirect beneficial ownership of, any Company, including product specifications,
manufacturing procedures, methods, equipment, compositions, technology, patents, know-how, inventions, improvements, designs,
business plans, marketing plans, cost and pricing information, internal memoranda, formula, development programs, sales methods,
customer, supplier, sales representative, distributor and licensee lists, mailing lists, customer usages and requirements, computer
programs, information constituting &ldquo;trade secrets&rdquo; under applicable Law and other confidential technical or business
information and data. Notwithstanding the foregoing, the term &ldquo;<U>Confidential Information</U>&rdquo; shall not include
any information (i) that now or hereafter is in the public domain by means other than disclosure after the date hereof by any
Seller in breach of this Agreement, (ii) is received from an independent third party after the Closing Date who was not known
to the Sellers after making reasonable inquiries to be bound by a duty of confidentiality, or (iii) was independently developed
by any Seller after the Closing Date without breach of its obligations hereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Continuing Employees</U>&rdquo; has the meaning set forth in <U>Section&nbsp;5.7(b)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(jj)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Contracts</U>&rdquo; means all oral and written contracts, purchase orders, sales orders, licenses, leases and
other agreements, commitments, arrangements and understandings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(kk)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Counsel Email</U>&rdquo; means that certain email dated January 30, 2017 from Sellers&rsquo; Counsel to Buyer&rsquo;s
counsel.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ll)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>CPA Firm</U>&rdquo; has the meaning set forth in <U>Section 2.4(f)(ii)</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(mm)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Current Assets</U>&rdquo; means the combined consolidated current assets of the Companies consisting of the line
items of the Estimated Closing Balance Sheet, the Preliminary Closing Balance Sheet or the Final Closing Balance Sheet, as the
case may be which are expressly set forth on <U>Schedule 2.4</U>, in each case subject to the principles set forth in <U>Section&nbsp;2.4</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(nn)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Current Liabilities</U>&rdquo; means the combined consolidated current Liabilities of the Companies consisting
of the line items of the Estimated Closing Balance Sheet, the Preliminary Closing Balance Sheet or the Final Closing Balance Sheet,
as the case may be which are expressly set forth on <U>Schedule 2.4</U>, in each case subject to the principles set forth in <U>Section
2.4</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(oo)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Customs Laws</U>&rdquo; has the meaning set forth in <U>Section 3.12(g)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(pp)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>De Minimis Losses</U>&rdquo; has the meaning set forth in <U>Section 6.5(b)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(qq)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Direct Services</U>&rdquo; shall mean information technology services, finance and accounting services, human
resources services and logistics services, which includes import, traffic, warehouse administration and customs administration
services.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(rr)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Disclosure Schedule</U>&rdquo; has the meaning set forth in <U>Article&nbsp;3</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ss)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Dispute</U>&rdquo; has the meaning set forth in <U>Section 8.4</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(tt)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Earn-Out</U>&rdquo; has the meaning set forth in <U>Section 2.2(e)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(uu)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Earn-Out Payment</U>&rdquo; has the meaning set forth in <U>Section&nbsp;2.2(e)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Earn-Out Period</U>&rdquo; has the meaning set forth in <U>Section 2.2(e)</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ww)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>EBITDA</U>&rdquo; shall mean the consolidated net income of the Companies, plus the sum of interest expenses,
any income tax expense, depreciation and amortization, calculated as if the Companies were being operated as separate and independent
corporations, in each case determined in accordance with GAAP as consistently applied by the Companies prior to Closing. In computing
EBITDA, (i) the Companies will be charged for the actual cost, without mark-up, of Direct Services provided to the Companies by
Buyer; <U>provided</U>, <U>however</U>, that in no event shall the amount charged by Buyer for a specific Direct Service constitute
a higher percentage of the Companies&rsquo; sales than such Direct Service constituted in the four fiscal quarters prior to Closing,
and <U>provided</U>, <U>further</U>, that the Companies will not be charged any allocation of Buyer&rsquo;s corporate overhead
expenses, management fees, compensation to management of Buyer, other than Direct Services as provided in (i) above; (ii) no income
or expense shall be included in respect of any extraordinary gains or losses (such as from the sale of real property, investments,
securities or fixed assets), <U>provided</U>, <U>however</U>, that in no case shall the write-off of bad debts (as determined
by the Companies&rsquo; accounting firm) be deemed an extraordinary loss; (iii) no income or expense shall be included in respect
of any gains or losses as a result of changes in the balance of the liability recorded in relation to Earn Out payments under
SFAS 141(R) - Business Combinations as of subsequent reporting periods; (iv) EBITDA shall not include any gains, losses or profits
realized from the sale, exchange or other disposition of any assets other than in the ordinary course of business consistent with
past practice; (v) no deduction shall be made for any expenses, losses or charges, including any legal, accounting or consulting
fees and expenses, or litigation costs, arising out of, or incurred directly or indirectly in connection with, this Agreement
or the transactions contemplated hereby; (vi) no deduction shall be made for any expenses, losses or charges, including any legal,
accounting or consulting fees and expenses, or litigation costs, arising out of, or incurred in connection with any integration
or consolidation of the Companies following the Closing; (vii) no deduction shall be made for any employee termination or other
costs arising out of the consolidation of services or facilities or other rationalization of the Business after Closing, including,
without limitation, any reduction in staff (including severance expenses) or the closure of any Facility, provided that, for clarity,
deductions shall be made for Executive Payments and payments under the Employment Agreements; (ix) EBITDA shall be computed to
eliminate any adverse effect of any additional depreciation, amortization or other expense resulting from the write-up of any
asset and any amortization of goodwill or other intangibles relating to the acquisition of the Business by Buyer; (x) EBITDA shall
be computed to eliminate any adverse effect of any expenses directly or indirectly incurred in connection with the financing of
the acquisition of the Companies or any refinancing of such indebtedness; (xi) EBITDA shall be computed to eliminate any adverse
effect of any fees, expenses or costs payable in connection with the issuance of equity interests of Buyer or any affiliate thereof;
other than in connection with any issuances by Buyer or its affiliates to any employee of Buyer or any affiliate, including the
Companies; (xii) no deduction shall be made for any compensation, including bonuses and incentives, of any Person who is engaged
to provide any of the services previously provided by Daniel Schwartz or Barbara Schwartz, as applicable, if Daniel Schwartz&rsquo;s
or Barbara Schwartz&rsquo;s employment with Schwartz &amp; Benjamin, Inc. is terminated (A) by Schwartz &amp; Benjamin, Inc.,
as applicable, without Cause (as defined in the applicable Employment Agreement) or (B) by Daniel Schwartz or Barbara Schwartz,
as applicable, for Good Reason (as defined in the applicable Employment Agreement); (xiii) no deduction shall be made for any
compensation, including bonuses and incentives, in excess of Five Hundred Thousand Dollars ($500,000) of any Person who is engaged
to provide any of the services previously provided by Daniel Schwartz or Barbara Schwartz, as applicable, if Daniel Schwartz&rsquo;s
or Barbara Schwartz&rsquo;s employment with Schwartz &amp; Benjamin, Inc. is terminated by Schwartz &amp; Benjamin, Inc., as applicable,
due to death or disability pursuant to the applicable Employment Agreement; (xiv) no deduction shall be made for any amounts payable
by Schwartz &amp; Benjamin, Inc. pursuant to that certain Two Attorney Stipulation of Settlement order Index No. 77164/2016 in
the Civil Court of the City of New York, County of New York dated on or about November 9, 2016 by and between VNO LF 50 West 507th
Street LLC and its counsel and Schwartz &amp; Benjamin, Inc. and its counsel (the &ldquo;<U>Rent Stipulation</U>&rdquo;); and
(xv) no deduction shall be made for any Additional Royalty (as defined in the Kate Spade Agreement) paid pursuant to <U>Section
2(v)</U> of the Kate Spade Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xx)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Effective Time</U>&rdquo; has the meaning set forth in <U>Section 7.1</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(yy)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Employee Plans/Agreements</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.18(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(zz)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Employment Agreements</U>&rdquo; has the meaning set forth in <U>Section&nbsp;7.2(k)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(aaa)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Environmental Laws</U>&rdquo; means all Laws (including common law) relating to pollution, protection of the
environment or human health, occupational safety and health or sanitation, including Laws relating to emissions, spills, discharges,
generation, storage, leaks, injection, leaching, seepage, releases or threatened releases of Waste into the environment (including
ambient air, surface water, ground water, land surface or subsurface strata) or otherwise relating to the manufacture, processing,
distribution, use, treatment, storage, disposal, transport or handling of Waste, together with any regulation, code, plan, order,
decree, permit, judgment, injunction, notice or demand letter issued, entered, promulgated or approved thereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(bbb)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Equity Interests</U>&rdquo; has the meaning set forth in the recitals of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ccc)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>ERISA</U>&rdquo; means the Employee Retirement Income Security Act of 1974, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ddd)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>ERISA Affiliate</U>&rdquo; means any entity that is a member of a controlled group of corporations (as defined
in Section 414(b) of the Code) of which any Company is a member, an unincorporated trade or business under common control with
any Company (as determined under Section 414(c) of the Code), or a member of an &ldquo;<U>affiliated service group</U>&rdquo;
(within the meaning of Section 414(m) of the Code) of which any Company is a member.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(eee)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Escrow Account</U>&rdquo; has the meaning set forth in <U>Section 2.2(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(fff)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Escrow Agent</U>&rdquo; means JPMorgan Chase Bank, NA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ggg)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Escrow Agreement</U>&rdquo; has the meaning set forth in <U>Section&nbsp;2.2(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(hhh)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Escrow Amount</U>&rdquo; has the meaning set forth in <U>Section 2.2(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Estimated 2016 Incentive Compensation Amount</U>&rdquo; means the aggregate amount payable to the Persons set
forth on <U>Schedule 8.18(eee)(iii)</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(jjj)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Estimated Closing Balance Sheet</U>&rdquo; has the meaning set forth in <U>Section 2.4(b)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(kkk)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Estimated Closing Cash</U>&rdquo; has the meaning set forth in <U>Section&nbsp;2.2(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(lll)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Estimated Company Transaction Expenses</U>&rdquo; has the meaning set forth in <U>Section 2.2(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(mmm)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Estimated Funded Indebtedness</U>&rdquo; has the meaning set forth in <U>Section 2.2(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(nnn)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Estimated Net Working Capital Adjustment Amount</U>&rdquo; (which may be a positive or negative number) means
an amount equal to the Net Working Capital set forth on the Estimated Closing Balance Sheet <U>less</U> the Target Net Working
Capital.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ooo)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Exchange Act</U>&rdquo; means the Securities Exchange Act of 1934, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ppp)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Executive Payment</U>&rdquo; means, except as listed on <U>Schedule&nbsp;8.18(ppp),</U> any bonus, change of
control, or deferred compensation payment or other amount (including all withholding and other payroll Taxes required to be paid
by the employee or any Company) due and payable to any employee of any Company by any Company, Buyer or any Seller as a result
of the acquisition of the Equity Interests, whether payable prior to, on or after the Closing, including, without limitation,
the Final 2016 Incentive Compensation Amount.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(qqq)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Export Control Laws</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.12(e)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(rrr)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Facilities</U>&rdquo; has the meaning set forth in the recitals of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(sss)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Final 2016 Incentive Compensation Amount</U>&rdquo; has the meaning set forth in <U>Section 2.2(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ttt)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Final Closing Balance Sheet</U>&rdquo; has the meaning set forth in <U>Section&nbsp;2.4(g)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(uuu)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Final Closing Cash</U>&rdquo; has the meaning set forth in <U>Section&nbsp;2.2(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vvv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Final Closing Net Working Capital</U>&rdquo; means the Net Working Capital as reflected on the Final Closing
Balance Sheet.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(www)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Final Allocation Schedule</U>&rdquo; has the meaning set forth in <U>Section&nbsp;5.2(f)(iii)</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxx)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Financial Statements</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.5(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(yyy)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Fundamental Representations</U>&rdquo; has the meaning set forth in <U>Section 6.5(a)(i)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(zzz)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Funded Indebtedness</U>&rdquo; means (i) any indebtedness for borrowed money or issued in substitution for or
exchange of indebtedness for borrowed money, (ii) any indebtedness evidenced by any note, bond, debenture or other debt security,
(iii) any indebtedness for the deferred purchase price of property (excluding Inventory) or services with respect to which a Person
is liable, contingently or otherwise, as obligor or otherwise, (iv) any obligations under capitalized leases with respect to which
a Person is liable as obligor, (v) any indebtedness secured by a Lien on a Person&rsquo;s assets (other than Permitted Liens),
(vi) any distributions, loans or advances payable to any of such Person&rsquo;s Affiliates, shareholders or partners as of the
Closing which are not paid at Closing, (vii) all obligations of the Companies in respect of performance bonds, banker&rsquo;s
acceptances and letters of credit, including standby letters of credit (other than those letters of credit set forth on <U>Schedule
8.18(zzz)</U> that have not been draw upon), (viii) all obligations under derivative, hedging, swap, foreign exchange or similar
instruments, (ix) in respect of any obligations of the type referred to in the foregoing clauses of any Person (A) for the payment
of which the Companies are responsible or liable, directly or indirectly, as obligor, guarantor, surety or otherwise, including
guarantees of such obligations and/or (B) that is secured by (or for which the holder of such obligations has an existing right,
contingent or otherwise, to be secured by) any Lien on any property or asset of the Companies (other than Permitted Liens), and
(x) any accrued interest, prepayment penalties and premiums on any of the foregoing. Notwithstanding the foregoing, &ldquo;<U>Funded
Indebtedness</U>&rdquo; shall not include any indebtedness or other obligation of a Company or any Subsidiary thereof to any other
Company or any Subsidiary thereof or any indebtedness or other obligation included in the calculation of Net Working Capital but
only to the extent so included.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(aaaa)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>GAAP</U>&rdquo; has the meaning set forth in <U>Section 2.4(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(bbbb)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Governmental Entities</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.4</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(cccc)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Group 1 Company</U>&rdquo; means B.D.S., Inc., a Delaware corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(dddd)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Group 2 Company</U>&rdquo; means each of Quinby Ridge Enterprises LLC, a Delaware limited liability company,
and DANIELBARBARA ENTERPRISES LLC, a New York limited liability company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(eeee)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Indemnified Party</U>&rdquo; or &ldquo;<U>Indemnifying Party</U>&rdquo; has the meaning set forth in <U>Section
6.3(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ffff)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Initial Purchase Price</U>&rdquo; has the meaning set forth in <U>Section&nbsp;2.2(b)</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(gggg)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Inventory</U>&rdquo; means all of the Companies&rsquo; inventories of raw materials, work-in-process and finished
goods (including all such in transit, whether to or from the Companies), and all spare, service and repair parts, supplies and
components held for sale, together with related packaging materials.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(hhhh)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>IRS</U>&rdquo; means the Internal Revenue Service.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iiii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Kate Spade Agreement</U>&rdquo; means that certain Consent and Sixth Amendment to the Agreement, dated as of
December 28, 2016, by and between Kate Spade, LLC and Quinby Ridge Enterprises, LLC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(jjjj)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Knowledge</U>&rdquo; has the meaning set forth in <U>Section 8.17</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(kkkk)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Laws</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.4</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(llll)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Liability</U>&rdquo; or &ldquo;<U>Liabilities</U>&rdquo; means any direct or indirect indebtedness, guaranty,
endorsement, claim, loss, damage, deficiency, cost, expense (including capital improvements), fine, penalty, obligation or responsibility,
fixed or unfixed, known or unknown, asserted or unasserted, liquidated or unliquidated, secured or unsecured.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(mmmm)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Licenses</U>&rdquo; has the meaning set forth in <U>Section 3.12(b)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(nnnn)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Liens</U>&rdquo; means any mortgages, liens (statutory or otherwise), security interests, claims, pledges, licenses,
equities, options, conditional sales contracts, assessments, levies, easements, covenants, conditions, reservations, encroachments,
hypothecations, equities, restrictions, rights-of-way, exceptions, limitations, charges, possibilities of reversion, rights of
refusal or encumbrances of any nature whatsoever, including voting trusts or agreements, proxies and marital or community property
interests.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(oooo)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Litigation</U>&rdquo; means any complaint, action, suit, proceeding, arbitration or other alternate dispute resolution
procedure, demand, claim, investigation or inquiry, whether civil, criminal or administrative.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(pppp)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Madoff Settlement</U>&rdquo; has the meaning set forth in <U>Section&nbsp;5.7(e)</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(qqqq)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Material Adverse Effect</U>&rdquo; means (a) any change, event, occurrence or development that has had, or would
reasonably be expected to have, individually or in the aggregate, a material adverse effect on the assets, liabilities, condition,
business, operations, financial condition or results of operations of the Companies, taken as a whole; <I>provided</I>, <I>however</I>,
that no change, event, occurrence or development to the extent arising from or attributable to any of the following shall be taken
into account in determining whether a Material Adverse Effect has occurred or would reasonably be expected to occur: (i)&nbsp;the
negotiation, execution and delivery, public announcement or pendency of this Agreement or any of the transactions contemplated
hereby, including the impact thereof on the relationships of the Companies with customers, suppliers, distributors, consultants,
employees or independent contractors with whom any Company has any relationship; (ii)&nbsp;any changes to conditions generally
affecting the industries in which the Companies operate or participate; (iii)&nbsp;any changes in financial, banking or securities
markets (including any increased interest rates or other costs for, or reduction in the availability of, financing or suspension
of trading in, limitation on prices for, any security or market index)&nbsp;or the economy in general; (iv)&nbsp;the taking or
omission of any action expressly required to be taken or not taken by this Agreement, or otherwise taken at the request or with
the consent of Buyer after the date hereof in accordance with this Agreement; (v)&nbsp;any change in GAAP or applicable Laws (or
any interpretation thereof) after the date hereof; (vi)&nbsp;any effects of weather, meteorological events or other natural disasters,
acts of God, calamities, acts of war or terrorism, or changes in national or international political or social conditions, or
(vii) any failure by any Seller or any Company to meet any projections or forecasts for any period occurring on or after the date
hereof (it being understood and agreed that the exception in this clause (vii) shall not preclude any Party from asserting that
the underlying facts, circumstances, changes, events, occurrences or developments giving rise to such failure should be taken
into account in determining whether there has been a Material Adverse Effect if not otherwise excluded by another clause of this
definition) but in the case of clauses (a)(ii), (iii), (iv), (v),&nbsp; (vi) and (vii), only to the extent that such change, event,
occurrence or development described in such clauses, do not materially disproportionately affect the Companies, taken as a whole,
relative to other similarly situated industry participants; or (b) any event, occurrence or circumstance that would reasonably
be expected to prevent the performance by Sellers or their Affiliates of any obligation under, or the consummation of the transactions
contemplated by, this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(rrrr)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Material Contract(s)</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.15</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ssss)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Net Working Capital</U>&rdquo; means an amount in U.S. Dollars equal to the total book value of the Current Assets
(excluding Cash) minus the total book value of the Current Liabilities, in each case, as reflected on the Estimated Closing Balance
Sheet, the Preliminary Closing Balance Sheet or the Final Closing Balance Sheet, as the case may be, all in accordance with <U>Section
2.4</U> and calculated as set forth on <U>Schedule 2.4</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(tttt)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Net Working Capital Adjustment Amount</U>&rdquo; (which may be a positive or negative number) means an amount
equal to the Final Closing Net Working Capital <U>less</U> the Target Net Working Capital.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(uuuu)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>New Century</U>&rdquo; has the meaning set forth in <U>Section 5.10</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vvvv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Non-Compete Period</U>&rdquo; has the meaning set forth in <U>Section 5.6</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(wwww)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Orders</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.4</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxxx)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Organizational Documents</U>&rdquo; has the meaning set forth in <U>Section 5.4(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(yyyy)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Party</U>&rdquo; or &ldquo;<U>Parties</U>&rdquo; means Buyer, the Companies, the Sellers and/or the Seller Representative,
as the case may be.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(zzzz)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Permitted Liens</U>&rdquo; means (a) all landlords&rsquo;, mechanics&rsquo;, workmen&rsquo;s, repairmen&rsquo;s,
warehousemen&rsquo;s and carriers&rsquo; liens and other similar liens imposed by Law, in each case, incurred in the ordinary
course of business consistent with past practices for amounts that are not delinquent or otherwise due, unless being contested
in good faith by appropriate proceedings and, in each case, to the extent an accrual or reserve therefor is included in the Final
Closing Net Working Capital; (b) all pledges or deposits in connection with workers&rsquo; compensation, unemployment insurance
and other social security legislation, in each case, to the extent an accrual or reserve therefor is included in the Final Closing
Net Working Capital; (c) encumbrances identified on title policies or preliminary title reports or other documents or writings
included in the public records that would not reasonably be expected to result in a material diminution in the value of such property;
(d) with respect to the Leased Real Property, easements, covenants, rights of way, zoning ordinances and similar encumbrances
which do not, individual or in the aggregate, materially impair the current use, occupancy or value of the property subject thereto;
(e) encumbrances arising under or created by any Material Contract (other than as a result of a breach or default by any Seller
or any Company under such Material Contract); and (f) all other encumbrances or other imperfections of title which are set forth
on <U>Schedule 8.18(pppp)(zzzz)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(aaaaa)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Permitted Tax Liens</U>&rdquo; means liens for (i) current Taxes or assessments not yet due and payable or (ii)
Taxes being contested in good faith by appropriate proceedings (and that have been sufficiently reflected or reserved against
on the face of the Financial Statements).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(bbbbb)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Person</U>&rdquo; means any natural Person, corporation, company, partnership (general or limited), limited liability
company, trust, joint venture, estate, association, organization, labor union or other entity or Governmental Entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ccccc)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Pre-Closing Tax Period</U>&rdquo; means any period ending on or before the Closing Date and the portion of any
Straddle Period ending on the Closing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ddddd)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Preliminary Closing Balance Sheet</U>&rdquo; has the meaning set forth in <U>Section 2.4(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(eeeee)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Profit Sharing Plan</U>&rdquo; has the meaning set forth in <U>Section&nbsp;5.7(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(fffff)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Products</U>&rdquo; means all products currently or previously sold by any Company, or by any predecessor of
any Company, or that have borne a trademark of any Company.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ggggg)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>Proposed Allocation Schedule</U>&rdquo; has the meaning set forth in <U>Section 5.2(f)(i)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(hhhhh)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>Purchase Price</U>&rdquo; has the meaning set forth in <U>Section 2.1</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(iiiii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>Real Property</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.13(c)(ii)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(jjjjj)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>Real Property Lease</U>&rdquo; has the meaning set forth in <U>Section 3.13(c)(ii)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(kkkkk)&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Recent Balance Sheet</U>&rdquo; has the meaning set forth in <U>Section&nbsp;3.5(a)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(lllll)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Release Date</U>&rdquo; has the meaning set forth in <U>Section 6.4(b)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(mmmmm)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>Rent Stipulation</U>&rdquo; has the meaning set forth in <U>Section 8.18(ww)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(nnnnn)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>S&amp;B</U>&rdquo; means Schwartz &amp; Benjamin, Inc., a New York corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ooooo)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>Sale of the Business</U>&rdquo; means the sale or transfer of all or substantially all of the assets of the Business
to any Person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ppppp)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>Schedule</U>&rdquo; has the meaning set forth in <U>Article 3</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(qqqqq)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>Seller</U>&rdquo; has the meaning set forth in the preamble of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(rrrrr)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>Seller Indemnified Parties</U>&rdquo; has the meaning set forth in <U>Section&nbsp;6.2</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(sssss)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&nbsp;&ldquo;<U>Seller Representative</U>&rdquo; has the meaning set forth in the preamble of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ttttt)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Sellers&rsquo; Counsel</U>&rdquo; has the meaning set forth in <U>Section 8.16</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(uuuuu)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Statement</U>&rdquo; has the meaning set forth in <U>Section 5.2(b)(ii)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(vvvvv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Straddle Period</U>&rdquo; has the meaning set forth in <U>Section&nbsp;5.2(b)(i)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(wwwww)&nbsp;&nbsp;&nbsp;&ldquo;<U>Tail
Policy</U>&rdquo; has the meaning set forth in <U>Section 5.4(e)</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(xxxxx)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Target Net Working Capital</U>&rdquo; means Eleven Million Seven Hundred Seventy Five Thousand Six Hundred Eighteen
Dollars ($11,775,618).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(yyyyy)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Tax</U>&rdquo; means any federal, state, county, local, territorial, provincial or foreign income, net income,
gross receipts, single business, unincorporated business, license, payroll, employment, excise, severance, stamp, occupation,
premium, windfall profits, environmental (including taxes under Section 59A of the Code), customs duties, capital stock, franchise,
profits, gains, withholding, social security (or similar), payroll, unemployment, disability, workers compensation, real property,
personal property, ad valorem, replacement, sales, use, transfer, registration, value added, alternative or add-on minimum, estimated,
or other tax of any kind whatsoever, including any interest, penalty or addition, whether or not disputed and whether imposed
by Law, Order, Contract or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(zzzzz)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Tax Audit</U>&rdquo; has the meaning set forth in <U>Section 5.2(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(aaaaaa)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Tax Refund</U>&rdquo; has the meaning set forth in <U>Section 5.2(c)</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(bbbbbb)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT>&ldquo;<U>Tax Return</U>&rdquo; means any return, declaration, report, estimate, claim for refund, or information return
or statement relating to, or required to be filed in connection with, any Taxes, including any schedule, form, attachment or amendment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(cccccc)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Third Party Claim</U>&rdquo; has the meaning set forth in <U>Section&nbsp;6.3</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(dddddd)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT>&ldquo;<U>Trade Rights</U>&rdquo; means all rights in the following, in any jurisdiction in the world: (i) all trademark
rights, business identifiers, trade dress, service marks, trade names, and brand names; (ii) all copyrights and all other rights
associated therewith and the underlying works of authorship; (iii) all patents and all proprietary rights associated therewith;
(iv) all Contracts granting any right, title, license or privilege under the intellectual property rights of any third party;
(v) all inventions, mask works and mask work registrations, know-how, discoveries, improvements, designs, computer source codes,
programs and other software (including all machine readable code, printed listings of code, documentation and related property
and information), trade secrets, websites, shop and royalty rights, employee covenants and agreements respecting intellectual
property and non-competition and all other types of intellectual property; (vi) domain names and social media account or user
names (including &ldquo;handles&rdquo;), 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; and (vii) all registrations
of any of the foregoing, all applications therefor, all goodwill associated with any of the foregoing and all claims for infringement
or breach thereof.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(eeeeee)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Transfer Taxes</U>&rdquo; means any and all transfer, documentary, sales, use, gross receipts, stamp, registration,
value added, recording, escrow, real property or leasehold interest transfer and other similar Taxes and fees (including any penalties
and interest) incurred in connection with the transactions contemplated by this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt">(ffffff)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Waste</U>&rdquo; means (i) any petroleum, hazardous or toxic petroleum-derived substance or petroleum product,
flammable or explosive material, radioactive materials, asbestos in any form that is or could become friable, urea formaldehyde
foam insulation, foundry sand or polychlorinated biphenyls (PCBs); (ii) any chemical or other material or substance that is now
regulated, classified or defined as or included in the definition of &ldquo;<U>hazardous substance</U>,&rdquo; &ldquo;<U>hazardous
waste</U>,&rdquo; &ldquo;<U>hazardous material</U>,&rdquo; &ldquo;<U>extremely hazardous substance</U>,&rdquo; &ldquo;<U>restricted
hazardous waste</U>,&rdquo; &ldquo;<U>toxic substance</U>,&rdquo; &ldquo;<U>toxic pollutant</U>,&rdquo; &ldquo;<U>pollutant</U>&rdquo;
or &ldquo;<U>contaminant</U>&rdquo; under any Environmental Law, or any similar denomination intended to classify substance by
reason of toxicity, carcinogenicity, ignitability, corrosivity or reactivity under any Environmental Law; or (iii)&nbsp;any other
chemical or other material, waste or substance, exposure to which is now prohibited, limited or regulated by or under any Environmental
Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">[The next page
is the signature page.]</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-indent: 0in; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt"><B>IN
WITNESS WHEREOF,</B> the undersigned have caused their duly authorized officers to execute and deliver this Equity Purchase Agreement
as of the day and year first written above.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 60%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 37%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><U>BUYER</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">STEVEN MADDEN, LTD.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Edward R. Rosenfeld</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: Edward R. Rosenfeld</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Its: Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><U>COMPANIES</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Schwartz &amp; Benjamin,
    Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Daniel
    L. Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: Daniel L. Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Its: Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; text-transform: uppercase">B.D.S., Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Daniel
    L. Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Daniel L. Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Its: Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Quinby Ridge Enterprises
    LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Daniel
    L. Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: Daniel L. Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Its: Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">DANIELBARBARA ENTERPRISES LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Daniel L. Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: Daniel L. Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Its: Chief Executive Officer</FONT></TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><U>SELLERS</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 37%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Schwartz &amp; Benjamin Trust</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:&nbsp; </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Daniel L. Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Daniel L. Schwartz, Trustee</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">DANIEL L. SCHWARTZ</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Daniel L.
    Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">BARBARA SCHWARTZ</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Barbara
    Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Jake Schwartz Trust under the Daniel <BR>
Schwartz 2000 Trust
    Agreement dated <BR>
May 1, 2000</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:&nbsp; </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/
    Barbara Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Barbara Schwartz, Trustee</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Natalie Schwartz Trust under the Daniel <BR>
Schwartz 2000
    Trust Agreement dated <BR>
May 1, 2000</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">By:&nbsp; </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Barbara Schwartz</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Barbara Schwartz, Trustee</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-indent: 0in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><U>SELLER
    REPRESENTATIVE</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-indent: 0in; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">DANIEL L. SCHWARTZ</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Daniel L. Schwartz</FONT></TD></TR>
</TABLE>


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<P STYLE="margin: 0; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Exhibit 99.1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Steve Madden Announces Acquisition of Schwartz &amp; Benjamin</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">LONG
ISLAND CITY, N.Y., January 30, 2017 &ndash; Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion footwear and accessories for women, men and children, today announced that it has completed the acquisition of the privately held Schwartz &amp; Benjamin, Inc. family of companies ("Schwartz &amp; Benjamin"), which specialize in the design, sourcing and sale of licensed and private label footwear.  Founded in 1923, Schwartz &amp; Benjamin distributes its fashion footwear to wholesale customers, including better department stores and specialty boutiques, as well as the retail stores of its brand partners.  Schwartz &amp; Benjamin's current brand partners include Kate Spade, Rebecca Minkoff, Alice + Olivia and Avec Les Filles.  Schwartz &amp; Benjamin also designs and sources private label footwear for various retailers.  Schwartz &amp; Benjamin's trailing twelve month net sales as of December 31, 2016 were approximately $87.6 million (unaudited).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The acquisition was completed for cash at closing plus an earn-out provision based on financial performance through January 31, 2023.  The transaction is expected to be approximately neutral to EPS (excluding one-time transaction and integration costs) in fiscal 2017 and to be accretive thereafter.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Edward Rosenfeld, Chairman and Chief Executive Officer, commented, "We are very pleased to complete the acquisition of Schwartz &amp; Benjamin, a company known for its outstanding capability in designer and accessible luxury footwear.  We see opportunity to expand the business by combining Schwartz &amp; Benjamin's strengths - which include premier execution in the design and sourcing of high-quality footwear as well as a strong portfolio of brand partners - with our proven business model and infrastructure.  We are particularly pleased that Chief Executive Officer Danny Schwartz, Chief Creative Officer Barbara Schwartz and President and Chief Operating Officer Steve Shapiro will remain with Schwartz &amp; Benjamin and continue to lead the business into its next phase of growth."</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Danny Schwartz, Chief Executive Officer of Schwartz &amp; Benjamin, added, "We at Schwartz &amp; Benjamin are excited to be joining forces with Steve Madden.  We are proud of our 93-year history of creating footwear that satisfies the needs of our brand partners, wholesale clients and consumers, and we look forward to continuing to do so for many years to come with the added support and resources of Steve Madden.  Barbara and I are pleased that Schwartz &amp; Benjamin will operate as a stand-alone business with its current management team and employees, resulting in the transaction being seamless to our valued clients and business partners.  Schwartz &amp; Benjamin has tremendous opportunity for growth, and we look forward to working with Steve Madden to help the company reach its potential."</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>About Steve
Madden</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">Steve
Madden designs, sources and markets fashion-forward footwear and accessories for women, men and children. In addition to marketing
products under its own brands including <U>Steve Madden</U>&reg;, <U>Dolce Vita</U>&reg;, <U>Betsey Johnson</U>&reg;, <U>Report</U>&reg;,
<U>Big Buddha</U>&reg;, <U>Brian Atwood</U>&reg;, <U>Cejon</U>&reg;, <U>Blondo</U>&reg; and <U>Mad Love</U>&reg;, Steve Madden
is the licensee of various brands, including <U>Superga</U>&reg; for footwear in North America. Steve Madden also designs and sources products under private label brand names for various retailers. Steve
Madden's wholesale distribution includes department stores, specialty stores, luxury retailers, national chains and mass merchants.
Steve Madden also operates 186 retail stores (including Steve Madden's four Internet stores). Steve Madden licenses certain of
its brands to third parties for the marketing and sale of certain products, including for ready-to-wear, outerwear, intimate apparel,
hosiery, jewelry, luggage and bedding and bath products. For local store information and the latest Steve Madden booties, pumps,
men&rsquo;s and women&rsquo;s boots, dress shoes, sandals and more, visit <U>http://www.stevemadden.com/</U></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Safe Harbor</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">This press release and oral statements made from time to time by representatives of the Company contain certain "forward looking statements" as that term is defined in the federal securities laws. The events described in forward looking statements may not occur. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of the Company's plans or strategies, projected or anticipated benefits from acquisitions to be made by the Company, or projections involving anticipated revenues, earnings or other aspects of the Company's operating results. The words "may," "will," "expect," "believe," "anticipate," "project," "plan," "intend," "estimate," and "continue," and their opposites and similar expressions are intended to identify forward looking statements. The Company cautions you that these statements concern current expectations about the Company's future results and condition and are not guarantees of future performance or events and are subject to a number of uncertainties, risks and other influences, many of which are beyond the Company's control, that may influence the accuracy of the statements and the projections upon which the statements are based. Factors which may affect the Company's results include, but are not limited to, the risks and uncertainties discussed in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any one or more of these uncertainties, risks and other influences could materially affect the Company's results of operations and financial condition and whether forward looking statements made by the Company ultimately prove to be accurate and, as such, the Company's actual results, performance and achievements could differ materially from those expressed or implied in these forward looking statements. The Company undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B><U>Contact</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">ICR, Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Investor Relations</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Jean Fontana/Megan Crudele</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">203-682-8200</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">www.icrinc.com</FONT></P>


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