<SEC-DOCUMENT>0001213900-26-000521.txt : 20260102
<SEC-HEADER>0001213900-26-000521.hdr.sgml : 20260102
<ACCEPTANCE-DATETIME>20260102172253
ACCESSION NUMBER:		0001213900-26-000521
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20260102
DATE AS OF CHANGE:		20260102

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TIC Solutions, Inc.
		CENTRAL INDEX KEY:			0002032966
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94879
		FILM NUMBER:		26503212

	BUSINESS ADDRESS:	
		STREET 1:		200 SOUTH PARK ROAD
		STREET 2:		SUITE 350
		CITY:			HOLLYWOOD
		STATE:			FL
		ZIP:			33021
		BUSINESS PHONE:		954-495-2112

	MAIL ADDRESS:	
		STREET 1:		200 SOUTH PARK ROAD
		STREET 2:		SUITE 350
		CITY:			HOLLYWOOD
		STATE:			FL
		ZIP:			33021

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACUREN CORP
		DATE OF NAME CHANGE:	20240806

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN MARTIN E
		CENTRAL INDEX KEY:			0000940603
		ORGANIZATION NAME:           	
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	MAIL ADDRESS:	
		STREET 1:		C/O MARIPOSA CAPITAL, LLC
		STREET 2:		5200 BLUE LAGOON DRIVE, SUITE 855
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33126
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: FRANKLIN MARTIN E -->
          <cik>0000940603</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
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      <liveTestFlag>LIVE</liveTestFlag>



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  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>3</amendmentNo>
      <securitiesClassTitle>Common Stock, par value $0.0001 per share</securitiesClassTitle>
      <dateOfEvent>12/31/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0002032966</issuerCIK>
        <issuerCUSIP>00510N102</issuerCUSIP>
        <issuerName>TIC Solutions, Inc.</issuerName>
        <address>
          <com:street1>200 South Park Road</com:street1>
          <com:street2>Suite 350</com:street2>
          <com:city>Hollywood</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33021</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Mariposa Acquisition IX, LLC</personName>
          <personPhoneNum>(786) 482-6333</personPhoneNum>
          <personAddress>
            <com:street1>c/o Mariposa Capital, LLC</com:street1>
            <com:street2>500 South Pointe Drive, Suite 240</com:street2>
            <com:city>Miami Beach</com:city>
            <com:stateOrCountry>FL</com:stateOrCountry>
            <com:zipCode>33139</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0000940603</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Sir Martin E. Franklin</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X0</citizenshipOrOrganization>
        <soleVotingPower>15450323.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>13215535.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>15450323.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>7.0</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <commentContent>1. The percentage of Common Stock beneficially owned by the Reporting Person is based on 221,209,686 shares of Common Stock and 1,000,000 shares of Series A Preferred Stock outstanding as of January 2, 2026.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0002046679</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Mariposa Acquisition IX, LLC</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>1000000.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>1000000.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>1000000.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>0.45</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
        <commentContent>2. The percentage of Common Stock beneficially owned by the Reporting Person is based on 221,209,686 shares of Common Stock and 1,000,000 shares of Series A Preferred Stock outstanding as of January 2, 2026.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock, par value $0.0001 per share</securityTitle>
        <issuerName>TIC Solutions, Inc.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>200 South Park Road</com:street1>
          <com:street2>Suite 350</com:street2>
          <com:city>Hollywood</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33021</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This Amendment No. 3 ("Amendment No. 3") amends and supplements the Schedule 13D, originally filed with the Securities and Exchange Commission on February 14, 2025 (as amended by Amendment No. 1, filed on May 16, 2025 and Amendment No. 2, filed on August 7, 2025, the "Statement"), relating to the common stock, par value $0.0001 per share (the "Common Stock"), of TIC Solutions, Inc. (the "Issuer"), a Delaware corporation. Except as specifically provided herein, this Amendment No. 3 does not modify any of the information previously reported in the Statement. Unless otherwise indicated herein, capitalized terms used but not defined in this Amendment No. 3 shall have the same meanings herein as are ascribed to such terms in the Statement.</commentText>
      </item1>
      <item4>
        <transactionPurpose>Item 4 is hereby amended by the addition of the following:

On December 31, 2025, the Issuer declared, and on January 2, 2026, Mariposa Acquisition IX, LLC ("Mariposa") was issued, 668,347 shares of Common Stock by the Issuer (the "2025 Dividend Shares") as a dividend on the Issuer's Series A Preferred Stock. Effective as of January 2, 2026, Mariposa distributed (i) the 2025 Dividend Shares to its members pursuant to its governing documents and (ii) shares of Common Stock previously held by Mariposa (the distribution of the Common Stock, together with the distribution of the 2025 Dividend Shares, the "2026 Distribution"), including 4,851,977 shares of Common Stock to the Martin E. Franklin Revocable Trust (of which Sir Martin E. Franklin ("Sir Martin") is the sole settlor, trustee, and beneficiary), 1,952,745 shares of Common Stock to MEF Holdings, LLLP, the general partner of which is wholly-owned by the Martin
E. Franklin Revocable Trust, 5,410,813 shares of Common Stock to Brimstone Investments, LLC of which Sir Martin is the manager and is wholly-owned by a trust of which Sir Martin is a beneficiary, 1,117,394 shares of Common Stock to MEF Family Trust, of which a family member of Sir Martin is the trustee, and 1,117,394 shares of Common Stock to RAEF Family Trust, of which Robert A.E. Franklin, the Executive Chairman and a director of the Issuer and the son of Sir Martin, is the trustee.

In connection with the 2026 Distribution, Sir Martin entered into an Irrevocable Proxy Agreement on January 2, 2026 (the "Proxy Agreement") with each of MEF Family Trust and RAEF Family Trust pursuant to which each of them granted Sir Martin an irrevocable proxy to vote, for so long as Sir Martin serves as a director on the Issuer's Board of Directors (the "Proxy Term"), all shares of Common Stock beneficially owned, directly or indirectly, by each of them (i) as of the date of the Proxy Agreement and (ii) that may be acquired after the date of the Proxy Agreement (in each case, to the extent that each of them has the power to vote or direct the vote of such shares of Common Stock). Sir Martin has no pecuniary interest in the shares of Common Stock held by MEF Family Trust or RAEF Family Trust as a result of the Proxy Agreement. Except as set forth herein, neither MEF Family Trust nor RAEF Family Trust has beneficial ownership or a pecuniary interest in the shares of Common Stock held by the Reporting Persons.

The foregoing description of the Proxy Agreement is qualified in its entirety by reference to the Proxy Agreement, which is filed as Exhibit E to the Statement and is incorporated herein by reference.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>Paragraphs (a) - (b) of the Statement are hereby amended and restated in their entirety as follows:

(a)-(b) As of the date hereof:

- the Reporting Persons beneficially own and have sole power to vote, or to direct the vote and sole power to dispose or to direct disposition of an aggregate of 13,215,535 shares of Common Stock (and shares convertible into Common Stock within 60 days) and 1,000,000 shares of Series A Preferred Stock of the Issuer that are convertible at any time at the option of the holder into the same number of shares of Common Stock; and

- Sir Martin beneficially owns and has sole power to vote or to direct the vote of 2,234,788 shares of Common Stock pursuant to the Proxy Agreement.

The information set forth in Item 4 of this Statement is incorporated herein by reference.</percentageOfClassSecurities>
        <numberOfShares>See Item 5 (a).</numberOfShares>
        <transactionDesc>Paragraph (c) of the Statement is amended to add the following: Except as otherwise described herein, (or previously described in the Statement), no other transactions were effected by the Reporting Persons in the past 60 days.</transactionDesc>
      </item5>
      <item7>
        <filedExhibits>Exhibit A-- Joint Filing Agreement among the Reporting Persons, dated February 14, 2025 (incorporated by reference to Exhibit A to the Schedule 13D/A filed on May 16, 2025, by the Reporting Persons with the SEC).

Exhibit B -- Placing Agreement, dated May 17, 2023, by and between the Issuer, certain of its directors and founders, Mariposa, Jefferies International Limited, Jefferies GmbH and UBS AG London Branch (incorporated by reference to Exhibit 10.8 to the Issuer's Registration Statement on Form S-4, as amended (File No. 333-282976)).

Exhibit C -- Founder Insider Letter, dated May 17, 2023, by and between the Issuer, its founders and Mariposa (incorporated by reference to Exhibit 10.10 to the Issuer's Registration Statement on Form S-4, as amended (File No. 333-282976)).

Exhibit D -- Certificate of Incorporation of the Issuer, as amended, (incorporated by reference to Exhibit 3.1 to the Issuer's Post-Effective Amendment No. 1 to Registration Statement on Form S-4, as amended (File No. 333-282976), filed with the SEC on December 16, 2024, which contains the terms of the Series A Preferred Stock).

Exhibit E - Irrevocable Proxy Agreement, dated January 2, 2026.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Sir Martin E. Franklin</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Martin E. Franklin</signature>
          <title>Sir Martin E. Franklin</title>
          <date>01/02/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Mariposa Acquisition IX, LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Martin E. Franklin</signature>
          <title>Sir Martin E. Franklin / Manager</title>
          <date>01/02/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ea027150501ex99-e_tic.htm
<DESCRIPTION>IRREVOCABLE PROXY AGREEMENT, DATED JANUARY 2, 2026
<TEXT>
<html>
<head>
     <title></title>
</head>
<body style="font: 10pt Times New Roman, Times, Serif">

<p style="text-align: right; margin-top: 0; margin-bottom: 0"><b>Exhibit E</b></p>

<p style="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="text-align: center; margin-top: 0; margin-bottom: 0"><b>IRREVOCABLE PROXY AGREEMENT</b></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This IRREVOCABLE PROXY AGREEMENT, dated as of January
2, 2026 (this &#8220;<u>Agreement</u>&#8221;), among Sir Martin E. Franklin, an individual resident of the State of Florida (&#8220;<u>Franklin</u>&#8221;)
and each of the undersigned parties named on the signature pages hereto (each, a &#8220;<u>Subject Party</u>&#8221; and collectively,
the &#8220;<u>Subject Parties</u>&#8221;).</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, each Subject Party received a distribution
of shares of common stock (the &#8220;<u>Common Stock</u>&#8221;) of TIC Solutions, Inc., a Delaware corporation, listed on the New York
Stock Exchange (&#8220;<u>TIC</u>&#8221;) as set forth next to its name on <u>Schedule I</u> attached hereto (being referred to collectively
as the &#8220;<u>Subject Shares</u>&#8221;).</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, each Subject Party has agreed to irrevocably
grant to and appoint Franklin, and any individual(s) designated in writing by Franklin, as proxy and attorney-in-fact (with full power
of substitution), for and in their name, place, and stead, to vote all of the Subject Shares at any meeting of the TIC stockholders or
to otherwise consent to any corporate or stockholder action for so long as Franklin serves as a director on the Board of Directors of
TIC (the &#8220;<u>Proxy Term</u>&#8221;).</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW, THEREFORE, in consideration of the foregoing
and intending to be legally bound hereby, the parties hereto agree as follows:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif">ARTICLE
I</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif">GRANT
OF PROXY</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 1.1. <u>Irrevocable Proxy.</u> Each Subject
Party hereby irrevocably and unconditionally, to the fullest extent permitted by law (but only during the Proxy Term), appoints Franklin
as its sole and exclusive attorney-in-fact and proxy, with full power of substitution and re-substitution, to vote and exercise during
the Proxy Term (but only during the Proxy Term), in a manner Franklin deems in his sole and absolute discretion appropriate, all voting,
consent and similar rights (to the full extent that the Subject Party would be entitled to so vote and exercise them, and including, without
limitation, the power to execute and deliver written consents) at every annual, special or adjourned meeting of holders of any security
issued by TIC and in every written consent in lieu of such a meeting, with respect to the Subject Shares on the terms and conditions set
forth in this Agreement. Upon the execution of this Agreement, any and all prior proxies given by each Subject Party with respect to Subject
Shares are hereby revoked and, subject to the terms and conditions set forth in this Agreement, each Subject Party agrees not to grant
during the Proxy Term any subsequent proxies with respect to the Subject Shares if and to the extent inconsistent with this Section 1.1.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The proxy granted hereby (a) is irrevocable and
coupled with an interest sufficient in law to support an irrevocable power, (b) shall survive and not be affected by the subsequent death,
disability, incapacity, insolvency or bankruptcy of a Subject Party, (c) shall run with the Subject Shares following any transfer and
bind each holder and subsequent holder of the Subject Shares and their permitted successors and assigns from time to time, and (d) shall
continue in full force and effect until the expiration of the Proxy Term. Each Subject Party shall not, until the end of the Proxy Term,
purport to grant any other proxy or power of attorney with respect to any of the Subject Shares, deposit any of the Subject Shares into
a voting trust or enter into any agreement (other than this Agreement), arrangement or understanding with any person, directly or indirectly,
to vote, grant any proxy or give instructions with respect to the voting of any of the Subject Shares.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 1.2. <u>After-Acquired Shares.</u> The
terms and conditions of this Agreement will cover, and apply to the same extent with respect to, any shares of Common Stock that may be
distributed to, acquired by or otherwise beneficially owned, directly or indirectly, by any Subject Party after the date hereof (to the
extent that such Subject Party has the power to direct the vote of such Subject Shares) and any such after acquired shares of Common Stock
shall be considered &#8220;Subject Shares&#8221; under this Agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center">ARTICLE
II</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center">MISCELLANEOUS</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.1. <u>Amendments.</u> Any provision of
this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an amendment,
by each party to this Agreement or in the case of a waiver, by the party against whom the waiver is to be effective. Notwithstanding anything
contained herein to the contrary, this Agreement may be terminated with respect to any Subject Party at any time by Franklin by notice
given to such Subject Party as provided in Section 2.7.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.2. <u>Expenses.</u> All costs and expenses
incurred in connection with this Agreement shall be paid by the party incurring such cost or expense.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.3. <u>Successors and Assigns; No Third-Party
Beneficiaries.</u> The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns; provided that no party may assign, delegate or otherwise transfer any of its rights or obligations under this
Agreement without the consent of the other parties hereto. This Agreement shall be binding upon and inure solely to the benefit of the
parties hereto, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any rights, benefits
or remedies of any nature whatsoever under or by reason of this Agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.4. <u>Governing Law.</u> This Agreement
and all other matters related to or arising from this Agreement shall be construed in accordance with and governed by the laws of the
State of Delaware without regard to conflict of laws principles.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.5. <u>Counterparts; Effectiveness.</u>
This Agreement may be executed and delivered (including by facsimile transmission) in one or more counterparts, and by the different parties
hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute
one and the same agreement. This Agreement shall become effective when each party hereto shall have received counterparts hereof signed
by all of the other parties hereto.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.6. <u>Severability.</u> If any term or
other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions
and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the
transactions contemplated hereby is not affected in any manner adverse to any party. Upon such determination that any term or other provisions
is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to
effect the original intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated
hereby are fulfilled to the fullest extent possible.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none"></font></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.7. <u>Notices.</u> All notices, requests,
claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly given
upon receipt) by delivery in person, by facsimile, by electronic mail or by registered or certified mail (postage prepaid, return receipt
requested) to the respective parties at the following address (or at such other address for a party as shall be specified by like notice):
c/o Mariposa Capital, LLC, 500 South Point Drive, Suite 240, Miami Beach, Florida 33139.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.8. <u>Interpretation.</u> When reference
is made in this Agreement to a Section, such reference shall be to a Section of this Agreement unless otherwise indicated. Whenever the
words &#8220;include&#8221;, &#8220;includes&#8221; or &#8220;including&#8221; are used in this Agreement, they shall be deemed to be
followed by the words &#8220;without limitation.&#8221; The words &#8220;hereof,&#8221; &#8220;herein,&#8221; &#8220;hereby&#8221; and
&#8220;hereunder&#8221; and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement. The word &#8220;or&#8221; shall not be exclusive. The words &#8220;beneficial ownership&#8221;
and &#8220;owned beneficially&#8221; and words of similar import when used in this Agreement shall be deemed to mean &#8220;beneficial
ownership&#8221; as defined in Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended. This Agreement shall be construed
without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument
to be drafted.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><font style="text-decoration: none">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.9. <u>Specific Performance.</u> The parties
hereto agree that irreparable damage would occur in the event 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 to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, this being in
addition to any other remedy to which such party is entitled at law or in equity.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><font style="text-decoration: none">&nbsp;</font></p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><b>IN WITNESS WHEREOF</b>, the
parties hereto have caused this Agreement to be duly executed as of the day and year first above written.</p>

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="padding-bottom: 1.5pt">&nbsp;</td>
    <td colspan="2" style="border-bottom: Black 1.5pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Sir Martin E. Franklin</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sir Martin E. Franklin</font></td></tr>
  <tr style="vertical-align: top">
    <td style="width: 60%">&nbsp;</td>
    <td style="width: 5%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="width: 35%">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">MEF Family Trust</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td style="padding-bottom: 1.5pt">&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </font></td>
    <td style="border-bottom: Black 1.5pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Michael Franklin</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp;</font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michael Franklin</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trustee</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">RAEF Family Trust</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td>&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </font></td>
    <td style="border-bottom: Black 1.5pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Robert A.E. Franklin</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Robert A.E. Franklin</font></td></tr>
  <tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trustee</font></td></tr>
  </table>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"></p>


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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b><u>Schedule I</u></b></p>

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

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <tr style="vertical-align: bottom">
    <td style="font-weight: bold; border-bottom: Black 1.5pt solid">Subject Party</td><td style="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</td>
    <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Subject Shares</td><td style="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 88%; text-align: left">MEF Family Trust</td><td style="width: 1%">&nbsp;</td>
    <td style="width: 1%; text-align: left">&nbsp;</td><td style="width: 9%; text-align: right">1,117,394</td><td style="width: 1%; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left">RAEF Family Trust</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">1,117,394</td><td style="text-align: left">&nbsp;</td></tr>
  </table>

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

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<p style="margin: 0"></p>

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