<SEC-DOCUMENT>0000930413-18-001699.txt : 20180501
<SEC-HEADER>0000930413-18-001699.hdr.sgml : 20180501
<ACCEPTANCE-DATETIME>20180501162949
ACCESSION NUMBER:		0000930413-18-001699
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180501
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180501
DATE AS OF CHANGE:		20180501

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PITNEY BOWES INC /DE/
		CENTRAL INDEX KEY:			0000078814
		STANDARD INDUSTRIAL CLASSIFICATION:	OFFICE MACHINES, NEC [3579]
		IRS NUMBER:				060495050
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03579
		FILM NUMBER:		18795931

	BUSINESS ADDRESS:	
		STREET 1:		PITNEY BOWES INC
		STREET 2:		3001 SUMMER STREET
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06926-0700
		BUSINESS PHONE:		203-356-5000

	MAIL ADDRESS:	
		STREET 1:		3001 SUMMER STREET
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06926-0700
</SEC-HEADER>
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<FILENAME>c91138_8k.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT STYLE="text-transform: uppercase">Washington, D.C. 20549</FONT></B></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"><B>FORM 8-K</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT<BR>
<FONT STYLE="text-transform: uppercase">Pursuant to Section 13 or 15(</FONT>d<FONT STYLE="text-transform: uppercase">) of the</FONT><BR>
<FONT STYLE="text-transform: uppercase">Securities Exchange Act of 1934</FONT></B></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"><B>May 1, 2018</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of report (Date of earliest event reported)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pitney Bowes Inc.</B></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in its
Charter)</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 32%; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 32%; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font-size: 10pt"><B>1-3579</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 32%; text-align: center; border-bottom: Black 1px solid"><FONT STYLE="font-size: 10pt"><B>06-0495050</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or Other</FONT><BR>
<FONT STYLE="font-size: 10pt">Jurisdiction of Incorporation</FONT><BR>
<FONT STYLE="font-size: 10pt">or Organization)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer</FONT><BR>
<FONT STYLE="font-size: 10pt">Identification No.)</FONT></TD></TR>
</TABLE>
<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"><B>3001 Summer Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Stamford, Connecticut 06926</B></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal Executive Offices)</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"><B>(203) 356-5000</B></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Registrant&rsquo;s telephone number, including
area code)</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"><B>Not Applicable</B></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former name or former address, if changed since
last report)</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; text-align: justify">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
(see General Instruction A.2. below):</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18pt; text-align: justify"><FONT STYLE="font: 10pt Wingdings ">o</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Wingdings ">o</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Wingdings ">o</FONT></TD>
    <TD STYLE="text-align: justify"><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>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Wingdings ">o</FONT></TD>
    <TD STYLE="text-align: justify"><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>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: right; text-indent: 306pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: right; text-indent: 306pt">Emerging growth
company <FONT STYLE="font-family: Wingdings ">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: 306pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Securities Act. <FONT STYLE="font-family: Wingdings ">o</FONT></P>


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 <FONT STYLE="font-size: 10pt"><B>Item 1.01.</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Entry into a Material Definitive Agreement.</B></FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Pitney Bowes Inc. (&ldquo;PBI&rdquo;)
entered into an Asset Purchase Agreement (the &ldquo;Purchase Agreement&rdquo;), dated as of April 27, 2018, with Stark Acquisition
Corporation (the &ldquo;Purchaser&rdquo;), an affiliate of Platinum Equity, LLC, pursuant to which PBI has agreed to sell its Document
Messaging Technologies production mail business and supporting software (collectively, the &ldquo;Business&rdquo;) to the Purchaser
for $361,000,000 in cash consideration, subject to certain adjustments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The consummation of the
transactions contemplated by the Purchase Agreement is subject to customary conditions, including the expiration or termination
of any applicable waiting period (and any extension thereof) under any applicable antitrust law and the absence of any government
order or other legal restraint prohibiting the consummation of the transactions contemplated by the Purchase Agreement. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The Purchase Agreement contains
provisions giving each of PBI and the Purchaser rights to terminate the Purchase Agreement under specified circumstances, including
if the closing has not occurred on or before September 27, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The Purchase Agreement includes
customary representations, warranties and covenants of PBI and the Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The foregoing description
of the Purchase Agreement and the transactions contemplated thereby is qualified in its entirety by the full text of the Purchase
Agreement, a copy of which is attached hereto as Exhibit 2.1 and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">The Purchase Agreement has
been included to provide investors and security holders with information regarding its terms. It is not intended to provide any
other factual information about PBI, the Business or the Purchaser or any of their respective businesses, subsidiaries or affiliates.
The representations, warranties and covenants contained in the Purchase Agreement (a) were made by the parties thereto only for
purposes of that agreement and as of specific dates; (b) were made solely for the benefit of the parties to the Purchase Agreement;
(c) may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures
exchanged between the parties in connection with the execution of the Purchase Agreement (such disclosures include information
that has been included in public disclosures, as well as additional non-public information); (d) may have been made for the purposes
of allocating contractual risk between the parties to the Purchase Agreement instead of establishing these matters as facts; and
(e) may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors.
Investors should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of
the actual state of facts or condition of PBI, the Business or the Purchaser or any of their respective subsidiaries or affiliates.
Additionally, the representations, warranties, covenants, conditions and other terms of the Purchase Agreement may be subject to
subsequent waiver or modification. Moreover, information concerning the subject matter of the representations, warranties and covenants
may change after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in PBI&rsquo;s
public disclosures. The Purchase Agreement should not be read alone, but should instead be read in conjunction with the other information
regarding PBI that is or will be contained in, or incorporated by reference into, the Forms 10-K, Forms 10-Q and other documents
that are filed with the Securities and Exchange Commission.</P>


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    <TD STYLE="width: 72pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Item 7.01.</B></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Regulation FD Disclosure.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">On April 30, 2018, PBI issued
a press release announcing the entry into the Purchase Agreement. A copy of the press release is attached hereto as Exhibit 99.1
to this Current Report on Form 8-K and is hereby incorporated by reference into this Current Report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">This Current Report on Form
8-K contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the
Securities Act) and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, including
statements concerning the consummation of the transactions contemplated by the Purchase Agreement and the costs associated with
the sale of the Business, are based on current expectations and assumptions that are subject to risks and uncertainties and actual
results could differ materially. Words such as &ldquo;estimate&rdquo;, &ldquo;believe&rdquo;, &ldquo;expect&rdquo;, &ldquo;anticipate&rdquo;,
&ldquo;intend&rdquo;, and similar expressions may identify such forward-looking statements. We undertake no obligation to publicly
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Refer to the
section entitled &ldquo;Risk Factors&rdquo; in PBI&rsquo;s Annual Report on Form 10-K filed with the SEC for a discussion of important
factors that could cause actual results to differ materially from forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 72pt"><FONT STYLE="font-size: 10pt"><B>Item 9.01.</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><B>Exhibits.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: -72pt"><B>&nbsp;</B></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="width: 20%"><FONT STYLE="font-size: 10pt"><U>Exhibit Number</U></FONT></TD>
    <TD STYLE="width: 80%; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Description of Exhibit</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">2.1</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="c91138_ex2-1.htm" STYLE="-sec-extract: exhibit">Asset Purchase Agreement, dated as of April 27, 2018, between Pitney Bowes Inc. and Stark Acquisition Corporation</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="c91138_ex99-1.htm" STYLE="-sec-extract: exhibit">Press release of Pitney Bowes Inc. dated April 30, 2018</A></FONT></TD></TR>
</TABLE>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">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; text-align: justify; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">PITNEY BOWES INC.</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; width: 50%"><FONT STYLE="font-size: 10pt">Date:&nbsp;&nbsp;May 1, 2018</FONT></TD>
    <TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: Black 1px solid; width: 47%"><FONT STYLE="font-size: 10pt"><I>/s/
    Daniel J. Goldstein</I></FONT></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Daniel J. Goldstein</FONT></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, Chief Legal Officer and Corporate Secretary</FONT></TD>
    </TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 2.1</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Execution Copy</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">PRIVILEGED&nbsp;&amp; CONFIDENTIAL</P>

<P STYLE="font: 90pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

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

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<P STYLE="font: 50pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

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

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

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

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PITNEY BOWES INC.</P>

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

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

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">STARK ACQUISITION CORPORATION</P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">dated as of April 27, 2018</P>

<P STYLE="font: 40pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; border-bottom: Black 1px solid">&nbsp;</P>

<P STYLE="font: 30pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>THIS DOCUMENT SHALL BE KEPT CONFIDENTIAL
PURSUANT TO THE TERMS OF THE CONFIDENTIALITY AGREEMENT ENTERED INTO BETWEEN SELLER AND THE RECIPIENT HEREOF AND, IF APPLICABLE,
ITS AFFILIATES, WITH RESPECT TO THE SUBJECT MATTER HEREOF.</B></P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>TABLE OF CONTENTS</U></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 80%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: right"><U>Page</U></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 STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center"><FONT STYLE="text-transform: uppercase">Article I</FONT><BR>
<FONT STYLE="text-transform: uppercase">PURCHASE AND SALE OF ASSETS;</FONT><BR>
<FONT STYLE="text-transform: uppercase">ASSUMPTION OF LIABILITIES</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 STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 1.1.</TD>
    <TD><U>Purchase and Sale</U></TD>
    <TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 1.2.</TD>
    <TD><U>Transferred Assets; Excluded Assets</U></TD>
    <TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 1.3.</TD>
    <TD><U>Consent to Assignment</U></TD>
    <TD STYLE="text-align: right">4</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 1.4.</TD>
    <TD><U>Assumed Liabilities; Excluded Liabilities</U></TD>
    <TD STYLE="text-align: right">5</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 1.5.</TD>
    <TD><U>Purchase Price</U></TD>
    <TD STYLE="text-align: right">7</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 1.6.</TD>
    <TD><U>Pre-Closing Estimated Adjustment of Purchase Price</U></TD>
    <TD STYLE="text-align: right">7</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 1.7.</TD>
    <TD><U>Closing Adjustments Schedule</U></TD>
    <TD STYLE="text-align: right">7</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 1.8.</TD>
    <TD><U>Post-Closing Adjustment of Purchase Price</U></TD>
    <TD STYLE="text-align: right">8</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
II</FONT><BR>
<FONT STYLE="text-transform: uppercase">CLOSING; CLOSING DELIVERIES</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Section 2.1.</TD>
    <TD STYLE="width: 80%"><U>Closing Date</U></TD>
    <TD STYLE="width: 5%; text-align: right">9</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 2.2.</TD>
    <TD><U>Effectiveness</U></TD>
    <TD STYLE="text-align: right">9</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 2.3.</TD>
    <TD><U>Closing Deliveries</U></TD>
    <TD STYLE="text-align: right">9</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 2.4.</TD>
    <TD><U>Allocation of Purchase Price</U></TD>
    <TD STYLE="text-align: right">11</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 2.5.</TD>
    <TD><U>Deferred Closings</U></TD>
    <TD STYLE="text-align: right">12</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
III</FONT><BR>
<FONT STYLE="text-transform: uppercase">REPRESENTATIONS AND WARRANTIES OF THE SELLER</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Section 3.1.</TD>
    <TD STYLE="width: 80%"><U>Due Organization</U></TD>
    <TD STYLE="width: 5%; text-align: right">14</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.2.</TD>
    <TD><U>Authority</U></TD>
    <TD STYLE="text-align: right">14</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.3.</TD>
    <TD><U>Title to Transferred Equity Interests; No Indebtedness of Transferred Entity</U></TD>
    <TD STYLE="text-align: right">15</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.4.</TD>
    <TD><U>SEC Filings</U></TD>
    <TD STYLE="text-align: right">15</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.5.</TD>
    <TD><U>No Conflict; Government Authorizations</U></TD>
    <TD STYLE="text-align: right">15</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.6.</TD>
    <TD><U>Financial Statements; Undisclosed Liabilities</U></TD>
    <TD STYLE="text-align: right">16</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.7.</TD>
    <TD><U>Absence of Certain Changes</U></TD>
    <TD STYLE="text-align: right">16</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.8.</TD>
    <TD><U>Taxes</U></TD>
    <TD STYLE="text-align: right">17</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.9.</TD>
    <TD><U>Intellectual Property</U></TD>
    <TD STYLE="text-align: right">18</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.10.</TD>
    <TD><U>Legal Proceedings</U></TD>
    <TD STYLE="text-align: right">19</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.11.</TD>
    <TD><U>Compliance with Laws; Permits</U></TD>
    <TD STYLE="text-align: right">19</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.12.</TD>
    <TD><U>Anti-Corruption and Trade Controls</U></TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.13.</TD>
    <TD><U>Environmental Matters</U></TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.14.</TD>
    <TD><U>Employee Benefit Plans</U></TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.15.</TD>
    <TD><U>Contracts</U></TD>
    <TD STYLE="text-align: right">22</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.16.</TD>
    <TD><U>Real Properties</U></TD>
    <TD STYLE="text-align: right">24</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.17.</TD>
    <TD><U>Transferred Personal Property and Transferred Inventory</U></TD>
    <TD STYLE="text-align: right">24</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.18.</TD>
    <TD><U>Sufficiency of Assets</U></TD>
    <TD STYLE="text-align: right">25</TD></TR>
</TABLE>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Section 3.19.</TD>
    <TD STYLE="width: 80%"><U>Labor and Employment</U></TD>
    <TD STYLE="width: 5%; text-align: right">25</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.20.</TD>
    <TD><U>Affiliate Agreements</U></TD>
    <TD STYLE="text-align: right">27</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.21.</TD>
    <TD><U>Finder&rsquo;s Fee</U></TD>
    <TD STYLE="text-align: right">27</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.22.</TD>
    <TD><U>Privacy Laws</U></TD>
    <TD STYLE="text-align: right">27</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.23.</TD>
    <TD><U>Key Customers</U></TD>
    <TD STYLE="text-align: right">28</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.24.</TD>
    <TD><U>Key Vendors</U></TD>
    <TD STYLE="text-align: right">28</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.25.</TD>
    <TD><U>Insurance</U></TD>
    <TD STYLE="text-align: right">28</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.26.</TD>
    <TD><U>Bank Accounts</U></TD>
    <TD STYLE="text-align: right">29</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.27.</TD>
    <TD><U>Seller Guarantees</U></TD>
    <TD STYLE="text-align: right">29</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 3.28.</TD>
    <TD><U>Disclaimer of Other Representations and Warranties</U></TD>
    <TD STYLE="text-align: right">29</TD></TR>
</TABLE>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
IV</FONT><BR>
<FONT STYLE="text-transform: uppercase">REPRESENTATIONS AND WARRANTIES OF THE PURCHASER</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Section 4.1.</TD>
    <TD STYLE="width: 80%"><U>Corporate Status</U></TD>
    <TD STYLE="width: 5%; text-align: right">29</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 4.2.</TD>
    <TD><U>Authority</U></TD>
    <TD STYLE="text-align: right">30</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 4.3.</TD>
    <TD><U>No Conflict; Governmental Authorizations</U></TD>
    <TD STYLE="text-align: right">30</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 4.4.</TD>
    <TD><U>Finder&rsquo;s Fee</U></TD>
    <TD STYLE="text-align: right">30</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 4.5.</TD>
    <TD><U>Solvency</U></TD>
    <TD STYLE="text-align: right">31</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 4.6.</TD>
    <TD><U>Financing</U></TD>
    <TD STYLE="text-align: right">31</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 4.7.</TD>
    <TD><U>Limited Guaranty</U></TD>
    <TD STYLE="text-align: right">32</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 4.8.</TD>
    <TD><U>Investments</U></TD>
    <TD STYLE="text-align: right">33</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 4.9.</TD>
    <TD><U>No Reliance</U></TD>
    <TD STYLE="text-align: right">33</TD></TR>
</TABLE>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
V</FONT><BR>
<FONT STYLE="text-transform: uppercase">CERTAIN COVENANTS</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Section 5.1.</TD>
    <TD STYLE="width: 80%"><U>Conduct of the Business</U></TD>
    <TD STYLE="width: 5%; text-align: right">34</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.2.</TD>
    <TD><U>Confidentiality; Access to Information</U></TD>
    <TD STYLE="text-align: right">36</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.3.</TD>
    <TD><U>Publicity</U></TD>
    <TD STYLE="text-align: right">37</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.4.</TD>
    <TD><U>Post-Closing Access</U></TD>
    <TD STYLE="text-align: right">37</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.5.</TD>
    <TD><U>Governmental Approvals and Notifications</U></TD>
    <TD STYLE="text-align: right">38</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.6.</TD>
    <TD><U>Third-Party Consents</U></TD>
    <TD STYLE="text-align: right">40</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.7.</TD>
    <TD><U>Shared Contracts</U></TD>
    <TD STYLE="text-align: right">41</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.8.</TD>
    <TD><U>Further Action; Accounts Payable; Payments Made</U></TD>
    <TD STYLE="text-align: right">42</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.9.</TD>
    <TD><U>Expenses</U></TD>
    <TD STYLE="text-align: right">43</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.10.</TD>
    <TD><U>Employees and Employee Benefit Plans</U></TD>
    <TD STYLE="text-align: right">43</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.11.</TD>
    <TD><U>French Put Option</U></TD>
    <TD STYLE="text-align: right">52</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.12.</TD>
    <TD><U>Intercompany Accounts; Affiliate Agreements</U></TD>
    <TD STYLE="text-align: right">54</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.13.</TD>
    <TD><U>Seller Marks</U></TD>
    <TD STYLE="text-align: right">54</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.14.</TD>
    <TD><U>Financing</U></TD>
    <TD STYLE="text-align: right">55</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.15.</TD>
    <TD><U>Financing Cooperation</U></TD>
    <TD STYLE="text-align: right">56</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.16.</TD>
    <TD><U>Insurance</U></TD>
    <TD STYLE="text-align: right">57</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.17.</TD>
    <TD><U>Resignations</U></TD>
    <TD STYLE="text-align: right">58</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.18.</TD>
    <TD><U>R&amp;W Insurance Policy</U></TD>
    <TD STYLE="text-align: right">58</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.19.</TD>
    <TD><U>Non-Competition</U></TD>
    <TD STYLE="text-align: right">58</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.20.</TD>
    <TD><U>Non-Solicitation</U></TD>
    <TD STYLE="text-align: right">59</TD></TR>
</TABLE>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Section 5.21.</TD>
    <TD STYLE="width: 80%"><U>Bulk Sale</U></TD>
    <TD STYLE="width: 5%; text-align: right">59</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.22.</TD>
    <TD>[Reserved]</TD>
    <TD STYLE="text-align: right">60</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.23.</TD>
    <TD><U>Tax Matters</U></TD>
    <TD STYLE="text-align: right">60</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.24.</TD>
    <TD><U>Seller Guarantees</U></TD>
    <TD STYLE="text-align: right">61</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.25.</TD>
    <TD><U>Transfer Act Compliance</U></TD>
    <TD STYLE="text-align: right">62</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.26.</TD>
    <TD><U>Modifications to Shared Space Schedule</U></TD>
    <TD STYLE="text-align: right">62</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 5.27.</TD>
    <TD><U>The Danbury Lease</U></TD>
    <TD STYLE="text-align: right">62</TD></TR>
</TABLE>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
VI</FONT><BR>
<FONT STYLE="text-transform: uppercase">CONDITIONS TO CLOSING</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Section 6.1.</TD>
    <TD STYLE="width: 80%"><U>Conditions Precedent to Obligations of the Purchaser and the Seller</U></TD>
    <TD STYLE="width: 5%; text-align: right">62</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 6.2.</TD>
    <TD><U>Conditions Precedent to Obligations of the Purchaser</U></TD>
    <TD STYLE="text-align: right">62</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 6.3.</TD>
    <TD><U>Conditions Precedent to Obligations of the Seller</U></TD>
    <TD STYLE="text-align: right">63</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
VII</FONT><BR>
<FONT STYLE="text-transform: uppercase">TERMINATION; EFFECT OF TERMINATION</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Section 7.1.</TD>
    <TD STYLE="width: 80%"><U>Termination</U></TD>
    <TD STYLE="width: 5%; text-align: right">64</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 7.2.</TD>
    <TD><U>Effect of Termination</U></TD>
    <TD STYLE="text-align: right">64</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
VIII</FONT><BR>
<FONT STYLE="text-transform: uppercase">MISCELLANEOUS</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Section 8.1.</TD>
    <TD STYLE="width: 80%"><U>Notices</U></TD>
    <TD STYLE="width: 5%; text-align: right">65</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.2.</TD>
    <TD><U>Certain Definitions; Interpretation</U></TD>
    <TD STYLE="text-align: right">66</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.3.</TD>
    <TD><U>Severability</U></TD>
    <TD STYLE="text-align: right">81</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.4.</TD>
    <TD><U>Entire Agreement; No Third-Party Beneficiaries</U></TD>
    <TD STYLE="text-align: right">82</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.5.</TD>
    <TD><U>Amendment; Waiver</U></TD>
    <TD STYLE="text-align: right">82</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.6.</TD>
    <TD><U>Binding Effect; Assignment</U></TD>
    <TD STYLE="text-align: right">82</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.7.</TD>
    <TD><U>Disclosure Schedules</U></TD>
    <TD STYLE="text-align: right">82</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.8.</TD>
    <TD><U>Specific Performance</U></TD>
    <TD STYLE="text-align: right">82</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.9.</TD>
    <TD><U>Governing Law, etc</U></TD>
    <TD STYLE="text-align: right">84</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.10.</TD>
    <TD><U>Construction</U></TD>
    <TD STYLE="text-align: right">84</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.11.</TD>
    <TD><U>Local Transfer Agreements</U></TD>
    <TD STYLE="text-align: right">84</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.12.</TD>
    <TD><U>Provision Respecting Legal Representation</U></TD>
    <TD STYLE="text-align: right">85</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.13.</TD>
    <TD><U>Privilege</U></TD>
    <TD STYLE="text-align: right">85</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.14.</TD>
    <TD><U>Counterparts</U></TD>
    <TD STYLE="text-align: right">86</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.15.</TD>
    <TD><U>No Survival</U></TD>
    <TD STYLE="text-align: right">86</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Section 8.15.</TD>
    <TD><U>Debt Financing Sources</U></TD>
    <TD STYLE="text-align: right">86</TD></TR>
</TABLE>

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

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

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: -72pt"><B><U>EXHIBITS</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: -72pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; text-indent: 0pt">Exhibit A</TD>
    <TD STYLE="width: 85%; text-indent: 0pt">Accounting Principles</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit B</TD>
    <TD STYLE="text-indent: 0pt">Form of Bill of Sale, Assignment and Assumption Agreement</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit C</TD>
    <TD STYLE="text-indent: 0pt">Form of Transition Services Agreement</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit D</TD>
    <TD STYLE="text-indent: 0pt">Form of Employee Leasing Agreement</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit E-1</TD>
    <TD STYLE="text-indent: 0pt">Form of Real Property License Agreement &ndash; Danbury, CT</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit E-2</TD>
    <TD STYLE="text-indent: 0pt">Form of Real Property License Agreement &ndash; Peachtree City, GA</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit E-3</TD>
    <TD STYLE="text-indent: 0pt">Form of Real Property License Agreement &ndash; Tokyo, Japan</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit F</TD>
    <TD STYLE="text-indent: 0pt">Form of IP License Agreement</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit G</TD>
    <TD STYLE="text-indent: 0pt">Form of Lease Servicing Agreement</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit H</TD>
    <TD STYLE="text-indent: 0pt">Form of Infinity Meter Agreement</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit I</TD>
    <TD STYLE="text-indent: 0pt">Form of Presort Commercial Agreement</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit J</TD>
    <TD STYLE="text-indent: 0pt">Form of Maintenance Services Agreement</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit K</TD>
    <TD STYLE="text-indent: 0pt">Form of Presort Side Letter</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt">Exhibit L</TD>
    <TD STYLE="text-indent: 0pt">Form of Dealer Management Services Agreement</TD></TR>
</TABLE>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">This ASSET PURCHASE
AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;) is made this 27th day of April, 2018 by and among (<U>a</U>) Pitney Bowes Inc.,
a Delaware corporation (the &ldquo;<U>Seller</U>&rdquo;), and (<U>b</U>) Stark Acquisition Corporation, a Delaware corporation
(the &ldquo;<U>Purchaser</U>&rdquo;). Defined terms used in this Agreement have the meanings indicated in <U>Section 8.2</U>.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0pt">RECITALS</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">WHEREAS, the Seller
desires to sell, and the Purchaser desires to purchase, the Business; and</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">WHEREAS, upon the terms
and subject to the conditions contained in this Agreement, the Purchaser desires to acquire from the Seller certain assets used
in the conduct of the Business and to assume certain liabilities relating to the Business and the Seller desires to sell, assign,
transfer, convey and deliver to the Purchaser such assets and liabilities.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">NOW, THEREFORE, in consideration
of the mutual promises, covenants and agreements herein contained, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">Article
I</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">
PURCHASE AND SALE OF ASSETS;<BR>
ASSUMPTION OF LIABILITIES</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 1.1. <U>Purchase
and Sale</U>. Upon the terms and subject to the conditions set forth in this Agreement and the Local Transfer Agreements, at the
Closing, the Seller shall, and shall cause all of the other Selling Parties to, sell, assign, transfer, convey and deliver to the
Purchaser, and the Purchaser shall purchase, acquire and accept from each Selling Party, all of such Selling Party&rsquo;s rights,
title and interests in and to the Transferred Assets, in exchange for (<U>a</U>) the Purchase Price, payable and subject to adjustment
as set forth in <U>Section 1.5</U> and <U>Section 1.8</U>, and (<U>b</U>) the Purchaser&rsquo;s assumption of the Assumed Liabilities
and its agreement to cause all such Assumed Liabilities to be paid, performed and discharged when due, without further recourse
to any member of the Seller Group. In accordance with <U>Section 8.6</U>, the Purchaser intends to assign certain of its rights
and obligations hereunder to certain Subsidiaries of the Purchaser prior to the Closing and to cause such Subsidiaries to purchase
certain Transferred Assets and assume certain Assumed Liabilities. In accordance with <U>Section 2.5</U>, the transfer of the Transferred
Assets and the Transferred Employees in the Deferred Jurisdictions, and the assumption of the Assumed Liabilities in the Deferred
Jurisdictions will be effected on one or more Local Closing Dates after the Closing Date.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 1.2. <U>Transferred
Assets; Excluded Assets</U>.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) <U>Transferred Assets</U>.
The term &ldquo;<U>Transferred Assets</U>&rdquo; means, collectively, all of the following assets that are held as of the Effective
Time by any Selling Party, it being understood and agreed that the Transferred Assets shall not include any of the assets listed
in clauses (i) through (xv), inclusive, of <U>Section 1.2(b)</U>:</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i) the goodwill of
the Business;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii) all Transferred
Inventory;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii) all Transferred
Personal Property;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv) all Transferred
Intellectual Property;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v) all Contracts exclusively
relating to the Business and the Shared Contracts set forth on Section 1.2(a)(v) of the Disclosure Schedules (collectively, the
&ldquo;<U>Transferred Business Contracts</U>&rdquo;);</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vi) the real property
sublease set forth on Section 1.2(a)(vi) of the Disclosure Schedules (the &ldquo;<U>Morangis Transferred Real Property Sublease</U>&rdquo;)
and the Danbury Lease, if assigned to the Purchaser or its designee as provided in Section 5.27 of the Disclosure Schedules;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vii) other than any
Permit described in <U>Section 1.2(b)(xiv)</U>, all Permits exclusively relating to, used or held for use in connection with the
Business;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(viii) all (<U>A</U>)
customer and vendor lists to the extent relating to the Business and (<U>B</U>) files and documents to the extent relating to the
Business, including all of such Selling Party&rsquo;s equipment maintenance data, accounting records, service and warranty records,
inventory records, cost and pricing information, business plans, transactional records, sales and marketing materials, training
manuals and other similar materials, and any other such data and records, however stored, in each case to the extent relating to
the Business; <U>provided</U> that each Selling Party shall be entitled to retain and use copies of any of the foregoing that are
necessary for such Selling Party&rsquo;s tax, accounting or legal purposes;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ix) to the extent transferable,
all claims, causes of action, choses in action, rights of recovery and rights of setoff of any kind, including rights arising under
warranties, representations, indemnities and guarantees made by suppliers of products, materials or equipment, or components thereof
to the extent relating to the Business (but excluding all such claims, causes of action, choses in action, rights of recovery and
rights of setoff to the extent related to the Excluded Assets or the Excluded Liabilities);</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(x) any third-party
rights to reimbursements, indemnification, hold-harmless or similar rights to the extent relating to the acquisition or conduct
of any part of the Business;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xi) all accounts receivable
with respect to payments from customers and any other third parties to the extent relating to services rendered or products provided
by the Business;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xii) all prepaid expenses
and deposits to the extent relating to the Business;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xiii) all assets of
any Assumed Benefit Plan and all assets of any other Business Benefit Plan, to the extent the assets of such Business Benefit Plan
are expressly described as transferring to the Purchaser in <U>Section 5.10</U> (collectively, the &ldquo;<U>Transferred Benefit
Plan Assets</U>&rdquo;);</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xiv) all of the Transferred
Equity Interests and the Transferred Entity&rsquo;s organizational documents, minute and stock record books, corporate seal and
tax records;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xv) to the extent permitted
by applicable Law and Contract, all employee records reasonably necessary to administer the compensation and benefits of the Transferred
Employees under any Assumed Benefit Plan or other employee benefit plan, agreement or arrangement;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xvi) the assets set
forth in Section 1.2(a)(xvi) of the Disclosure Schedules; and</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xvii) all other rights,
title and interests of each Selling Party in and to, as of the Closing Date, all of the assets, properties and rights that are
exclusively related to, used or held for use by such Selling Party in connection with the Business as of the Effective Time.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) <U>Excluded Assets</U>.
The &ldquo;<U>Excluded Assets</U>&rdquo; shall consist of all assets owned by the Seller or any of its Subsidiaries other than
the Transferred Entity that are not Transferred Assets, including the following:</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i) all Cash;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii) all checkbooks,
canceled checks and bank accounts;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii) all claims, causes
of action, choses in action, rights of recovery and rights of setoff of any kind, including rights arising under warranties, representations,
indemnities and guarantees made by suppliers of products, materials or equipment, or components thereof to the extent related to
the Excluded Assets or the Excluded Liabilities;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv) all rights under
this Agreement;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v) all organizational
documents, minute and stock record books, corporate seal and tax records (for the avoidance of doubt, except as otherwise provided
in <U>Section 1.2(a)(xiv)</U>);</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vi) all insurance policies
and, except as provided in <U>Section 5.10(h)(i)</U> or <U>Section 5.16</U> all rights thereunder, including the benefit of any
deposits or prepayments and any insurance proceeds covering any portion of any Excluded Assets or Excluded Liabilities;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vii) all rights to
reimbursements, indemnification, hold-harmless or similar rights relating to any Excluded Assets or Excluded Liabilities;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(viii) all Excluded
Intellectual Property and all Contracts relating to any Excluded Intellectual Property;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ix) all credits, refunds
and other assets relating to Income Taxes;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(x) all assets (other
than the Transferred Benefit Plan Assets) relating to any employee benefit plan in which any employee of any Selling Party participates;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xi) any employee records
which relate to employees who are not Transferred Employees or which any member of the Seller Group is prohibited by Law or Contract
from disclosing or delivering to the Purchaser;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xii) all assets used
to provide services or supplies to the Purchaser and its Affiliates (including, after the Closing, the Transferred Entity) pursuant
to the Transition Services Agreement;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xiii) (<U>A</U>) all
records and reports prepared or received by any member of the Seller Group in connection with the sale of the Business or the transactions
contemplated hereby, including all analyses relating to the Business or the Purchaser so prepared or received, (<U>B</U>) all confidentiality
agreements with prospective purchasers of the Business or any portion thereof, and all bids and expressions of interest received
from third parties with respect thereto, <U>provided</U> that, following the Closing, the applicable member of the Seller Group
shall enforce any such confidentiality agreement at the request of the Purchaser, and (<U>C</U>) all privileged communications
described in <U>Section 8.13</U> and all privileged materials, documents and records to the extent not related to the Business;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xiv) any Permits, whether
or not exclusively relating to, used or held for use in connection with the Business, the transfer of which is not permitted by
applicable Law; and</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xv) the assets set
forth on Section 1.2(b)(xv) of the Disclosure Schedules.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 1.3. <U>Consent
to Assignment</U>.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) Anything in this
Agreement to the contrary notwithstanding, this Agreement shall not constitute an agreement to sell, assign, transfer or convey
any Transferred Asset or any claim, right or benefit thereunder or arising therefrom (collectively, including the Transferred Assets,
the &ldquo;<U>Interests</U>&rdquo;), if an attempted sale, assignment, transfer or conveyance of such Interest would constitute
a breach or a violation of any applicable Law, or would adversely affect the rights of the Purchaser thereunder, or if such Interest
cannot be sold, assigned, transferred or conveyed without any third-party consent that has not been obtained by (or does not remain
in full force and effect at) the Closing (any such Interest, an &ldquo;<U>Excluded Interest</U>&rdquo;), unless and until (<U>i</U>)
such Excluded Interest can be sold, assigned, transferred or conveyed in accordance with <U>Section 1.2(a)</U> without such a breach,
violation of Law or adverse effect on the Purchaser&rsquo;s rights thereunder or (<U>ii</U>) such third-party consent is obtained,
at which time, in the case of clauses (i) and (ii), such Excluded Interest and any related Assumed Liability shall be deemed to
be sold, assigned, transferred or conveyed in accordance with <U>Section 1.2(a)</U> and assumed in accordance with <U>Section 1.4(a)</U>
and shall cease to be an Excluded Interest.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) During the six (6)
months following the Closing Date, to the extent any Interest remains an Excluded Interest, the parties shall use their commercially
reasonable efforts to cooperate in any reasonable and lawful arrangements reasonably satisfactory to both parties as shall provide
the benefits of such Excluded Interest to the Purchaser or its designee and shall require the Purchaser or its designee to pay
or satisfy the corresponding liabilities and obligations with respect to such Excluded Interest, in each case to the same extent
as if such Excluded Interest had been transferred to the Purchaser as of the Closing. The parties shall use their</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">commercially reasonable
efforts to structure the provision of the benefits of any Excluded Interest to Purchaser in a manner that does not result in any
member of the Seller Group or any of their Affiliates recognizing net taxable income (taking into account any deductions available
for payments made to Purchaser) with respect to such structure; provided, that if notwithstanding such efforts any member of the
Seller Group or any of their Affiliates recognizes net taxable income as a result of such structure, then the amount payable by
Seller shall be reduced by 25.5% of such net taxable income and provided further that the foregoing shall not prevent any member
of the Seller Group or any of their Affiliates from reporting net taxable income arising from such structure on its Tax returns.
Notwithstanding anything to the contrary in this Agreement, no member of the Seller Group shall have any obligation to seek any
third-party consent or to cooperate in providing the benefits of any Excluded Interest to the Purchaser, in either case, following
the first anniversary of the Closing Date. The parties acknowledge that the failure of any third party consent to be obtained or
the failure of any Interest to constitute a Transferred Asset or any circumstances resulting therefrom shall not, in and of itself,
constitute a Business Material Adverse Effect or a breach by the Seller of any representation, warranty, condition, covenant or
agreement contained in this Agreement. No member of the Seller Group shall be required to make any material expenditure or incur
any material liability in connection with any such activities described in this <U>Section 1.3(b)</U>, unless reimbursed by the
Purchaser for the full amount of any such expenditure or liability. Notwithstanding the six month time period specified in the
first sentence of this <U>Section 1.3(b)</U>, with respect to any Excluded Interest that is a Contract with a Governmental Authority,
the reasonable and lawful arrangement contemplated by this <U>Section 1.3(b)</U> shall continue until the end of the term of such
Contract as in effect on the Closing Date.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 1.4. <U>Assumed
Liabilities; Excluded Liabilities</U>.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) <U>Assumed Liabilities</U>.
Subject to the terms and conditions of this Agreement and the Local Transfer Agreements, at the Closing, the Purchaser shall assume
and agree to pay, honor, discharge and perform in full when due, and shall indemnify and hold Seller and its Affiliates harmless
from, all of the following Liabilities of the members of the Seller Group (other than the Transferred Entity, as the Purchaser
will not directly assume any Liabilities of the Transferred Entity, although all such Liabilities will remain Liabilities of the
Transferred Entity after the Closing and the Purchaser shall indemnify and hold the Seller and its Affiliates harmless from all
such Liabilities (other than Excluded Liabilities)) as they exist at the Effective Time (collectively, the &ldquo;<U>Assumed Liabilities</U>&rdquo;),
it being understood and agreed that the Assumed Liabilities do not include any Liabilities of any member of the Seller Group that
are expressly identified in clauses (i) through (v), inclusive, of <U>Section 1.4(b)</U>:</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i)&nbsp;all Liabilities
to the extent arising under or relating to the Transferred Business Contracts;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii) all Liabilities
to the extent arising under or relating to (A) the Morangis Transferred Real Property Sublease or (B) the Danbury Lease if assigned
to the Purchaser or its designee as provided in Section 5.27 of the Disclosure Schedules;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii) all Liabilities
for allowances, credits or adjustments to which customers of the Business may be entitled;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv) all Liabilities
to the extent arising from or relating to claims or litigation related to the Business or the Transferred Assets;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v) (A) all Liabilities
with respect to the Transferred Employees and their dependents and beneficiaries arising out of or relating to any Assumed Benefit
Plan and (B) all employment and employee Liabilities with respect to the Transferred Employees arising out of or relating to the
operation or conduct of the Business prior to, on or following the Closing Date (in each case, other than the Excluded Employee
Liabilities);</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vi) all Liabilities
to the extent arising from or relating to the possession, occupation, operation, or maintenance of the real properties subject
to the Morangis Transferred Real Property Sublease, whether arising or accruing before, on or after the Closing Date, and whether
such Liabilities relate to conditions that existed before, on, or after the Closing Date;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vii) all Liabilities
to the extent relating to the Business arising under Environmental Laws;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(viii) all Liabilities
to the extent arising out of or relating to any Transferred Intellectual Property;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ix) all accounts payable
owed to suppliers and any other third parties to the extent relating to or arising out of the delivery of goods or services to
the Business (the &ldquo;<U>Assumed Accounts Payable</U>&rdquo;);</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(x) all Liabilities
for Taxes related to the Business or the Transferred Assets for any Tax period (or portion thereof) beginning after the Closing
Date; and</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xi) all other Liabilities
to the extent relating to or arising out of the conduct of the Business or the ownership, use or operation of any Transferred Assets,
in each case whether arising before, on or after the Closing.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) <U>Excluded Liabilities</U>.
The Purchaser shall not assume any Liabilities of any member of the Seller Group (and shall not directly assume any Liabilities
of the Transferred Entity, although all such Liabilities will remain Liabilities of the Transferred Entity after the Closing; provided
that the Seller shall indemnify and hold the Purchaser and its Affiliates harmless from all Liabilities of the Transferred Entity
that are Excluded Liabilities) other than the Assumed Liabilities expressly identified in clauses (i) through (xi), inclusive,
of <U>Section 1.4(a)</U>, and the members of the Seller Group (other than the Transferred Entity) shall retain, and shall indemnify
and hold the Purchaser and its Affiliates harmless from, all other Liabilities of the members of the Seller Group and all Excluded
Liabilities of the Transferred Entity. All such Liabilities of the members of the Seller Group are referred to herein as the &ldquo;<U>Excluded
Liabilities</U>&rdquo;. The Excluded Liabilities shall include the following:</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i) all Liabilities
to the extent related to the Excluded Assets, including all Liabilities relating to any business of any member of the Seller Group
other than the Business;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii) all notes payable
and Indebtedness for Borrowed Money (but not including the Assumed Accounts Payable);</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii) (<U>A</U>) all
Liabilities incurred under or with respect to any Business Benefit Plan that is not an Assumed Benefit Plan, (<U>B</U>) all Liabilities
for claims for long-term disability benefits with respect to all Business Employees arising out of or relating to the operation
or conduct of the Business through the Closing Date, (C) all employment and employee Liabilities for Former Employees and their
dependents and beneficiaries, (D) all employment and employee Liabilities for Business Employees who do not become Transferred
Employees on the Closing Date, except for any such Liabilities expressly described as being assumed by the Purchaser in <U>Section
5.10</U> and (E) any other employment and employee Liabilities to the extent such Liabilities are expressly described as being
retained by a member of the Seller Group in <U>Section 5.10</U> (collectively, the &ldquo;<U>Excluded Employee Liabilities</U>&rdquo;);</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv) all Liabilities
for Taxes related to the Business or Transferred Assets that are imposed on any member of the Seller Group or the Transferred Entity
through the Closing Date; and</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v) all Liabilities
which the Seller has agreed to retain pursuant to Section 5.25 of the Disclosure Schedules.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 1.5. <U>Purchase
Price</U>. Subject to the terms and conditions hereof, at Closing, the Purchaser shall pay or cause to be paid to the Seller an
amount equal to (<U>i</U>) Three Hundred Sixty One Million Dollars and No Cents ($361,000,000.00) (the &ldquo;<U>Purchase Price</U>&rdquo;),
<U>plus</U> (<U>ii</U>) the Estimated Adjustment Amount (which may be positive or negative) (the &ldquo;<U>Closing Purchase Price</U>&rdquo;).
The Closing Purchase Price shall be subject to adjustment as provided in <U>Section 1.8</U>.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 1.6. <U>Pre-Closing
Estimated Adjustment of Purchase Price</U>. No later than five (5) Business Days prior to Closing, the Seller shall prepare and
deliver to the Purchaser a statement (the &ldquo;<U>Estimated Closing Statement</U>&rdquo;) setting forth the Estimated Closing
Working Capital, the Estimated Closing Cash, the Estimated Transferring Indebtedness and the Estimated Adjustment Amount, such
statement to be prepared in good faith and in accordance with the Accounting Principles set forth on <U>Exhibit A</U> (the &ldquo;<U>Accounting
Principles</U>&rdquo;). The Purchaser shall review the Estimated Closing Statement and notify the Seller prior to the Closing of
any good faith disagreement that the Purchaser may have with respect to any amount set forth therein, in which case the Seller
shall consider the Purchaser&rsquo;s proposed changes to the Estimated Closing Statement in good faith; provided that the Seller&rsquo;s
ultimate determination with respect to the Estimated Closing Statement shall control.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 1.7. <U>Closing
Adjustments Schedule</U>.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) As promptly as practicable,
but no later than ninety (90) days after the Closing Date,<B><I> </I></B>the Seller shall prepare and deliver to the Purchaser
a schedule setting forth the Seller&rsquo;s calculation of Closing Working Capital, Closing Cash, Transferring Indebtedness and
the Final Purchase Price (the &ldquo;<U>Closing Adjustments Schedule</U>&rdquo;), prepared in accordance with the Accounting Principles.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) If the Purchaser
disagrees with the Seller&rsquo;s calculation of the Final Purchase Price delivered pursuant to <U>Section 1.7(a)</U>, the Purchaser
may, within sixty (60) days after delivery of the documents referred to in <U>Section 1.7(a)</U>, deliver a notice to the Seller
disagreeing with any</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">such calculation and
setting forth the Purchaser&rsquo;s calculation of the applicable amounts and, in reasonable detail, the Purchaser&rsquo;s grounds
for such disagreement. Any such notice of disagreement shall specify those items or amounts as to which the Purchaser disagrees,
and the Purchaser shall be deemed to have agreed with all other items and amounts contained in the Closing Adjustments Schedule
and the calculation of the Final Purchase Price delivered pursuant to <U>Section 1.7(a)</U>. If no notice of disagreement is delivered
in accordance with this <U>Section 1.7(b)</U>, the Seller&rsquo;s calculations of the Final Purchase Price, Closing Working Capital,
Closing Cash and Transferring Indebtedness shall become final and binding.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) If a notice of disagreement
shall be delivered pursuant to <U>Section 1.7(b)</U>, the Purchaser and the Seller shall, during the thirty (30) days following
such delivery, use their reasonable best efforts to reach agreement on the disputed items or amounts in order to determine, as
may be required, the amount of Closing Working Capital, Closing Cash and Transferring Indebtedness. If, during such period, the
Purchaser and the Seller are unable to reach such agreement, they shall promptly thereafter jointly engage the Accountant and shall
instruct the Accountant promptly to review this Agreement and the disputed items or amounts for the purpose of calculating Closing
Working Capital, Closing Cash and Transferring Indebtedness, as applicable. The Purchaser and the Seller shall instruct the Accountant
to (<U>i</U>) consider, in making such calculation(s), only those items or amounts in the Closing Adjustments Schedule or the Seller&rsquo;s
calculation of Closing Working Capital, Closing Cash and Transferring Indebtedness as to which the Purchaser has disagreed, (<U>ii</U>)
prepare its calculations and render its decision consistent with the terms of this Agreement and (<U>iii</U>) deliver to the Purchaser
and the Seller, within thirty (30) days, a report setting forth such calculations, which, in each case, shall not be more than
the amount thereof shown in the Seller&rsquo;s calculation delivered pursuant to <U>Section 1.7(a)</U>, nor less than the amount
thereof shown in the Purchaser&rsquo;s calculation delivered pursuant to <U>Section 1.7(b)</U>. Such report shall be final and
binding upon the Purchaser and the Seller. The Purchaser and the Seller shall each pay their own fees and expenses in connection
with the resolution of any disputes by the Accountant and the fees and expenses of the Accountant shall be paid by the Purchaser
and the Seller in inverse proportion to the difference between the Final Purchase Price proposed by each of them and the Final
Purchase Price as determined by the Accountant.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d) The Purchaser and
the Seller agree that they will, and agree to cause their respective independent accountants and the personnel of the Business
to, cooperate and assist in the preparation of the Closing Adjustments Schedule and the calculation of Closing Working Capital,
Closing Cash and Transferring Indebtedness and in the conduct of the Accountant&rsquo;s review referred to in this <U>Section 1.7</U>,
including the making available to the extent necessary of books, records, work papers and personnel.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 1.8. <U>Post-Closing
Adjustment of Purchase Price</U>.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) Following the final
determination of Final Purchase Price, Closing Working Capital, Closing Cash and Transferring Indebtedness pursuant to <U>Section
1.7</U>, a payment (the &ldquo;<U>Final Purchase Price Adjustment</U>&rdquo;), shall be made by the Seller (or one or more Affiliates
designated by the Seller) to the Purchaser (or one or more Affiliates designated by the Purchaser), or by the Purchaser (or one
or more Affiliates designated by the Purchaser) to the Seller (or one or more Affiliates designated by the Seller), as applicable,
as an adjustment to the</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Purchase Price. The Final
Purchase Price Adjustment shall be an amount equal to the Closing Purchase Price, <U>minus</U> the Final Purchase Price. If the
Final Purchase Price Adjustment is positive, such amount shall be paid to the Purchaser (or one or more Affiliates designated by
the Purchaser) by the Seller (or one or more Affiliates designated by the Seller), and if the Final Purchase Price Adjustment is
negative, the absolute value of such amount shall be paid to the Seller (or one or more Affiliates designated by the Seller) by
the Purchaser (or one or more Affiliates designated by the Purchaser).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;<U>Method of
Payment</U>. Any payments pursuant to <U>Section 1.8(a)</U> shall be made in U.S. dollars and shall be made by wire transfer of
immediately available funds to an account or accounts designated by the receiving party within ten (10) days after the Final Purchase
Price has been determined.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">Article
II<BR>
<BR>
CLOSING; CLOSING DELIVERIES</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 2.1.&#9;<U>Closing
Date</U>. The closing of the transactions contemplated by this Agreement (the &ldquo;<U>Closing</U>&rdquo;) shall take place by
the electronic exchange of documents no later than the second Business Day after all conditions to the obligations of the Purchaser
and the Seller under <U>Article VI</U> shall have been satisfied or, to the extent permitted by applicable Law, waived (other than
those conditions that by their terms are to be satisfied at Closing, but subject to their satisfaction or waiver), or at such other
place and time as the parties may agree; <U>provided</U>, that (i) in no event shall the Purchaser be required to close the transactions
contemplated by this Agreement on or prior to the Trigger Date without the Purchaser&rsquo;s consent and (ii) if the Marketing
Period has not ended (1) at the time of the satisfaction or waiver of each of the conditions set forth in <U>Article VI</U> (other
than those conditions which, by their terms, are to be satisfied by actions to be taken at the Closing) or (2) by the date provided
for in the preceding clause (i), then the Closing shall occur on the earlier to occur of (x) any Business Day during the Marketing
Period as may be specified by Purchaser on no less than three (3) Business Days&rsquo; prior written notice to Seller and (y) two
(2) Business Days after the final day of the Marketing Period, in each case subject to the satisfaction or waiver of each of the
conditions set forth in <U>Article VI</U> (other than those conditions which, by their terms, are to be satisfied by actions to
be taken at the Closing). The date on which the Closing occurs is referred to herein as the &ldquo;<U>Closing Date</U>.&rdquo;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 2.2.&#9;<U>Effectiveness</U>.
The consummation of the transactions contemplated by this Agreement shall be deemed to take place at 12:01 a.m., local time, in
each jurisdiction in which any of the Transferred Assets or the Transferred Entity is located on the Closing Date (the &ldquo;<U>Effective
Time</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 2.3.&#9;<U>Closing
Deliveries</U>. At the Closing,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;The Seller shall
deliver or cause to be delivered to the Purchaser the following:</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i)&#9;an executed copy
of a Bill of Sale, Assignment and Assumption Agreement substantially in the form of <U>Exhibit B</U> (the &ldquo;<U>Bill of Sale,
Assignment and Assumption Agreement</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii)&#9;an executed
copy of a Transition Services Agreement substantially in the form of <U>Exhibit C</U> (the &ldquo;<U>Transition Services Agreement</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii)&#9;an executed
assignment and assumption agreement, in customary form, with respect to the Morangis Transferred Real Property Sublease (the &ldquo;<U>Morangis
Real Property Sublease Assignment</U>&rdquo;),</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv)&#9;any assignments
or agreements required to be executed at Closing as provided in <U>Section 5.27</U> of the Disclosure Schedules;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v)&#9;executed license
agreements, substantially in the forms attached hereto as <U>Exhibits E-1</U>, <U>E-2</U> and <U>E-3</U>, with respect to each
Shared Space set forth on Section 2.3(a)(vi) of the Disclosure Schedules, respectively (each, a &ldquo;<U>Real Property License
Agreement</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vi)&#9;an executed
Intellectual Property License Agreement, substantially in the form attached hereto as <U>Exhibit F</U> (the &ldquo;<U>IP License
Agreement</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vii)&#9;an executed
Lease Servicing Agreement, substantially in the form attached hereto as <U>Exhibit G</U> (the &ldquo;<U>Lease Servicing Agreement</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(viii)&#9;an executed
Infinity Meter Agreement, substantially in the form attached hereto as <U>Exhibit H</U> (the &ldquo;<U>Infinity Meter Agreement</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ix)&#9;an executed
Presort Commercial Agreement, substantially in the form attached hereto as <U>Exhibit I</U> (the &ldquo;<U>Presort Commercial Agreement</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(x)&#9;an executed Maintenance
Services Agreement, substantially in the form attached hereto as <U>Exhibit J</U> (the &ldquo;<U>Maintenance Services Agreement</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xi)&#9;an executed
Presort Side Letter, substantially in the form attached hereto as <U>Exhibit K</U> (the &ldquo;<U>Presort Side Letter</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xii)&#9;an executed
Dealer Management Services Agreement, substantially in the form attached hereto as <U>Exhibit L</U> (the &ldquo;<U>Dealer Management
Services Agreement</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xiii)&#9;an executed
copy of each Local Transfer Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xiv)&#9;a statement
from each Selling Party that is a U.S. Person, meeting the requirements of Section 1.1445-2(b)(2) of the Treasury Regulations,
to the effect that such Selling Party is not a &ldquo;foreign person&rdquo; within the meaning of section 1445 of the Code and
the Treasury Regulations thereunder;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xv)&#9;required documentation
in connection with Transfer Taxes, if any;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xvi)&#9;any resignations
requested by the Purchaser pursuant to <U>Section 5.17</U>;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xvii)&#9;any documentation
required for the Transfer Act filing in accordance with Section 5.25 of the Disclosure Schedules; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xviii)&#9;the Payoff
Letters and Lien Terminations, if any.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;The Purchaser
shall deliver to the Seller the following:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i)&#9;an executed copy
of the Bill of Sale, Assignment and Assumption Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii)&#9;an executed
copy of the Transition Services Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii)&#9;any assignments
or agreements required to be executed at Closing as provided in <U>Section 5.27</U> of the Disclosure Schedules;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv)&#9;an executed
copy of the IP License Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v)&#9;an executed copy
of each Real Property License Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vi)&#9;an executed
copy of the Morangis Real Property Sublease Assignment;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vii)&#9;an executed
copy of the Lease Servicing Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(viii)&#9;an executed
copy of the Infinity Meter Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ix)&#9;an executed
copy of the Presort Commercial Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(x)&#9;an executed copy
of the Maintenance Services Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xi)&#9;an executed
copy of the Presort Side Letter;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xii)&#9;an executed
copy of the Dealer Management Services Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xiii)&#9;an executed
copy of each Local Transfer Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xiv)&#9;required documentation
in connection with Transfer Taxes, if any; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xv)&#9;any documentation
as required for the Transfer Act filing in accordance with Section 5.25 of the Disclosure Schedules.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 2.4.&#9;<U>Allocation
of Purchase Price</U>. Within thirty (30) days after the final determination of the Final Purchase Price, the Seller shall deliver
to the Purchaser a proposed schedule (the &ldquo;<U>Allocation Schedule</U>&rdquo;) allocating the Purchase Price among the Transferred
Assets (with the understanding that the Purchase Price shall first be allocated to the Transferred Entity consistent with the valuation
set forth in Section 5.11(c)(iv) of the Disclosure Schedules, with the amount so allocated thereafter allocated for U.S. Tax purposes
to the assets of the Transferred Entity) for the Purchaser&rsquo;s review and approval, which approval shall not be unreasonably
withheld, conditioned or delayed. The Purchaser agrees that, promptly after approving the</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Allocation Schedule,
it shall sign the Allocation Schedule and return an executed copy thereof to the Seller. In the event that the Purchaser does not
agree with the Allocation Schedule as proposed by the Seller and provides the Seller with written notice of such disagreement,
and the basis for such disagreement, within twenty (20) Business Days after delivery of the proposed Allocation Schedule, the Purchaser
and the Seller shall negotiate in good faith to resolve any differences, provided that, if the Purchaser does not provide such
written notice within twenty (20) Business Days after delivery of the proposed Allocation Schedule, the proposed Allocation Schedule
shall become the final Allocation Schedule. In the event that the Purchaser and the Seller are unable to resolve any differences
within forty-five (45) days after delivery of the proposed Allocation Schedule by the Seller to the Purchaser, the parties shall
retain a mutually acceptable national accounting firm to determine the final Allocation Schedule. The fees and expenses of such
accounting firm shall be borne equally by the Purchaser and the Seller, and the decision of such firm shall be final and binding
on the parties. The Purchaser and the Seller shall file and cause to be filed all Tax Returns and execute such other documents
as may be required by any taxing authority, in a manner consistent with the Allocation Schedule, and shall not take any position
inconsistent therewith in any examination of any Tax Return, in any refund claim or in any litigation or investigation, except
as required by applicable Laws.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 2.5.&#9;<U>Deferred
Closings</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;Notwithstanding
anything herein to the contrary, if (i) any (x) consent, approval or employee information and/or consulting obligations from or
with any employee consultation body or other similar body or (y) other filing, consent, approval or action of any Governmental
Authority or third party, in each case set forth on Section 2.5(a) of the Disclosure Schedules, shall not have been obtained or
completed by the Closing Date or (ii) the Purchaser has not been able to form a legal entity in any jurisdiction that is necessary
for the acquisition of Transferred Assets in such jurisdiction or the employment of Business Employees in such jurisdiction and
(iii) in either of the cases described in clauses (i) and (ii) the Closing is required to be held as provided in <U>Section 2.1</U>,
then the transfer of the Transferred Assets and the Transferred Employees and the assumption of the Assumed Liabilities in the
jurisdiction in which such consent, approval, obligation, filing or action has not been obtained or completed (each, a &ldquo;<U>Deferred
Jurisdiction</U>&rdquo;) (such Transferred Assets, Transferred Employees and Assumed Liabilities, collectively, a &ldquo;<U>Deferred
Business</U>&rdquo;) will not occur on the Closing Date, but shall instead occur as set forth in this <U>Section 2.5</U> and the
Disapplied Provisions shall not apply to the Deferred Business as of the Closing. In respect of the Disapplied Provisions, (<U>A</U>)
the term &ldquo;Business&rdquo; shall be deemed to exclude the Deferred Business, (<U>B</U>) the term &ldquo;Transferred Assets&rdquo;
shall be deemed to exclude the Transferred Assets in the Deferred Jurisdiction, (<U>C</U>) the term &ldquo;Assumed Liabilities&rdquo;
shall be deemed to exclude the Assumed Liabilities in the Deferred Jurisdiction and (<U>D</U>) the term &ldquo;Transferred Employees&rdquo;
shall be deemed to exclude the Transferred Employees in the Deferred Jurisdiction, in each case, as of the Closing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;The closing of
each transfer of a Deferred Business (a &ldquo;<U>Deferred Transfer</U>&rdquo;) will be effected on the third Business Day after
the relevant consent, approval, obligation, filing or action in such Deferred Jurisdiction has been obtained or completed. The
parties shall use reasonable best efforts to ensure that any Deferred Transfer occurs as soon as reasonably practicable after the
Closing Date (the date on which the Deferred Transfer occurs, the &ldquo;<U>Local Closing Date</U>&rdquo;) in accordance with this
<U>Section 2.5</U>. For the avoidance of doubt, the Closing</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Date shall not be delayed
as a result of any Deferred Transfer and there shall be no change in the amount paid at the Closing pursuant to <U>Section 1.5</U>
as a result of any Deferred Transfer. At the closing of each Deferred Transfer, the relevant members of the Seller Group, on the
one hand, and the Purchaser or an Affiliate of the Purchaser, on the other, shall execute and deliver the Local Transfer Agreement
pertaining to such Deferred Jurisdiction. Notwithstanding that legal title to the Deferred Businesses will not be transferred to
the Purchaser on the Closing Date, all provisions of this Agreement (including the calculation of Closing Working Capital, Closing
Cash and Transferring Indebtedness)<B><I> </I></B>shall apply to the parties as though such transfer occurred at the Closing, except
to the extent otherwise expressly provided in this <U>Section 2.5</U>. Neither the Seller nor any of its Affiliates makes any representation
or warranty of any kind whatsoever, whether express or implied, at Law or in equity, with respect to the Deferred Businesses, other
than as set forth in <U>Article III</U> of this Agreement and then only as of the date of this Agreement and as of the Closing
Date, in accordance with the terms of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&#9;From and after
the Closing, and until the Deferred Transfer, each Deferred Business (including all Cash generated with respect thereto) will be
held for the Purchaser&rsquo;s (or its designated Affiliate&rsquo;s) benefit and account and will be managed and operated by the
Seller Group for the Purchaser&rsquo;s (or its designated Affiliate&rsquo;s) benefit and account, including, for the avoidance
of doubt, all items of income, gain and loss, all Tax expense and Tax benefit (on a net basis, to the extent actually used by the
Seller Group in the taxable year in which the Deferred Transfer occurs or either of the two Tax years immediately subsequent thereto),
and any such net amount (taking into account all such items of income, gain, loss, Tax expense, and Tax benefit with respect to
such Deferred Business) shall, promptly following the applicable Deferred Transfer, (i) be paid over to the Purchaser by the Seller
or its Affiliate, if such net amount is a positive amount or (ii) be reimbursed by the Purchaser or its Affiliate to the Seller,
if such net amount is a negative amount. The Seller shall deliver to the Purchaser a statement reflecting its calculation of such
net amount in reasonable detail promptly following the applicable Deferred Transfer (each, a &ldquo;<U>Deferred Transfer Statement</U>&rdquo;).
In the event that the Purchaser does not agree with a Deferred Transfer Statement as proposed by the Seller and provides the Seller
with written notice of such disagreement, and the basis for such disagreement, within twenty (20) Business Days after delivery
of the proposed Deferred Transfer Statement, the Purchaser and the Seller shall negotiate in good faith to resolve any differences,
provided that, if the Purchaser does not provide such written notice within twenty (20) Business Days after delivery of the proposed
Deferred Transfer Statement, the proposed Deferred Transfer Statement shall become the final Deferred Transfer Statement applicable
to such Deferred Transfer. In the event that the Purchaser and the Seller are unable to resolve any differences within forty-five
(45) days after delivery of the proposed Deferred Transfer Statement by the Seller to the Purchaser, the parties shall retain a
mutually acceptable national accounting firm to determine the final Deferred Transfer Statement applicable to such Deferred Transfer.
The fees and expenses of such accounting firm shall be borne equally by the Purchaser and the Seller, and the decision of such
firm shall be final and binding on the parties. Any such payment pursuant to this <U>Section 2.5(c)</U> shall be treated as a decrease
in the Purchase Price (in the case of a payment to the Purchaser) or an increase in the Purchase Price (in the case of a payment
to the Seller) and, to the extent the final Allocation Schedule has been agreed as provided in <U>Section 2.4</U> at the time of
any such payment, the portion of the Purchase Price allocated to such Deferred Business shall be decreased (but not below zero)
or increased accordingly.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&#9;During the period
from the Closing Date through (and including) the Local Closing Date (the &ldquo;<U>Interim Period</U>&rdquo;), the Seller shall
cause each Deferred Business to be operated on a basis consistent with past practice (and accounted for in a manner consistent
with 2017, including the treatment of allocated costs and related party transactions) or, unless prohibited by applicable Law,
otherwise in such manner as the Purchaser shall reasonably request.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e)&#9;Except to the
extent relating to or arising out of gross negligence or willful misconduct by a member of the Seller Group, the Purchaser will
indemnify and hold harmless the Seller Group from and against any and all Losses which the Seller Group may incur or suffer, and
any and all Taxes, to the extent such Losses or Taxes arise out of or as a result of the Seller Group&rsquo;s post-Closing direct
or indirect ownership, management or operation of each Deferred Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">Article
III<BR>
<BR>
REPRESENTATIONS AND WARRANTIES OF THE SELLER</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">The Seller hereby represents
and warrants to the Purchaser that, as of the date hereof, except as set forth on the disclosure schedules delivered by the Seller
to the Purchaser concurrently herewith (the &ldquo;<U>Disclosure Schedules</U>&rdquo;):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.1.&#9;<U>Due
Organization</U>. Each Selling Party is duly organized, validly existing and, to the extent legally relevant, in good standing
under the Laws of its jurisdiction of organization. Each Selling Party (<U>a</U>) has all requisite power and authority under its
organizational documents to conduct the Business conducted by such Selling Party as it is conducted as of the date hereof, and
(<U>b</U>) is duly qualified or otherwise authorized to do business in each of the jurisdictions in which the ownership, operation
or leasing of the Transferred Assets of such Selling Party and the conduct of the Business conducted by such Selling Party requires
such entity to be so qualified or otherwise authorized and each such jurisdiction is listed in Section 3.1 of the Disclosure Schedules,
except, in each case, as would not have, individually or in the aggregate, a Business Material Adverse Effect.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.2.&#9;<U>Authority</U>.
Each Selling Party has the requisite power and authority to execute, deliver and perform its respective obligations under the Transaction
Documents to which such Selling Party is a party and to consummate the transactions contemplated hereby and thereby. The execution,
delivery and performance by each Selling Party of the Transaction Documents to which such Selling Party is a party and the consummation
of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary action on the part of
such Selling Party, and no other corporate or other proceedings on the part of such member of the Seller Group are necessary to
authorize the execution, delivery and performance by such Selling Party of such Transaction Documents or to consummate the transactions
contemplated thereby. This Agreement has been, and upon their execution the other Transaction Documents shall have been, duly executed
and delivered by each of the applicable Selling Parties, and, assuming due authorization and delivery by the Purchaser, this Agreement
constitutes, and assuming due authorization and delivery by the other parties thereto, upon their execution the other Transaction
Documents shall constitute, a valid and binding obligation of each of the applicable Selling Parties, enforceable against such
Selling Party in accordance with</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">their respective terms,
except (<U>a</U>) as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar Laws
now or hereafter in effect relating to or affecting creditors&rsquo; rights generally or by general equitable principles (regardless
of whether such enforceability is considered in a proceeding in equity or at law) and (<U>b</U>) that specific performance may
not be available (collectively, the &ldquo;<U>Enforceability Exceptions</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.3.&#9;<U>Title
to Transferred Equity Interests; No Indebtedness of Transferred Entity</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;Pitney Bowes
SAS is the owner of 100% of the equity interests in the Transferred Entity (the &ldquo;<U>Transferred Equity Interests</U>&rdquo;).
The Transferred Equity Interests have been duly issued and are fully paid and not subject to any Encumbrances, except for Encumbrances
arising in connection with this Agreement and those imposed by the Purchaser. Pitney Bowes SAS is not, and prior to the Closing
Date will not become, a party to or subject to any contract or obligation wherein any third party has, or will have, a right, option
or warrant to purchase or acquire any rights in any additional equity interests of the Transferred Entity. None of the issued Transferred
Equity Interests was issued in violation of any preemptive rights. Pitney Bowes SAS has good title to the Transferred Equity Interests
and full beneficial ownership thereof and, upon consummation of the transactions contemplated hereby, the Purchaser will acquire
ownership to the Transferred Equity Interests free and clear of all Encumbrances. There are no equity holder agreements, voting
trusts or proxies or other agreements or understandings in effect with respect to the voting of the Transferred Equity Interests.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;The Transferred
Entity is, and as of the Closing will be, in compliance with all statutory minimum capitalization requirements under all applicable
Laws, and, as of the Closing, there will be no requirement under any applicable Law for any Person to make contributions of capital
to, or to provide letters of support or comfort in respect of the obligations of, the Transferred Entity in order to comply with
all such statutory minimum capitalization requirements (based on facts and circumstances in existence as of the Closing). As of
the Closing, the Transferred Entity will have no Indebtedness for Borrowed Money.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.4.&#9;<U>SEC
Filings</U>. The Seller has not, since January 1, 2015, filed any documents with the SEC under Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended, which, as of their respective dates (or, if amended or superseded by a filing prior to the date
hereof, then on the date of such filing), with respect to the Business only, contained any untrue statement of a material fact
or omitted to state a material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.5.&#9;<U>No
Conflict; Government Authorizations</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;The execution
and delivery by each Selling Party of the Transaction Documents to which it is a party and the consummation by such Selling Parties
of the transactions contemplated hereby and thereby do not and will not, as applicable, (<U>i</U>) violate or conflict with any
organizational documents of such Selling Party, (<U>ii</U>) materially violate or materially conflict with, or result in a material
breach of, or constitute a material default by (or create an event which, with notice or lapse of time or both, would constitute
a material default by) such Selling</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Party, or give rise to
a right of termination, cancellation or acceleration of any material obligation or loss of a material benefit under, or result
in the creation of any material Encumbrance (except for Permitted Encumbrances) upon any of the material Transferred Assets (other
than under any Contract that is not a Material Contract) or under any Material Contract or the Morangis Transferred Real Property
Sublease, or (<U>iii</U>) materially violate or result in a material breach of any material Permit that is a Transferred Asset
or any material Governmental Order or, subject to the matters described in <U>Section 3.5(b)</U>, material Law applicable to the
Business, in each case except as set forth on Section 3.5(a) of the Disclosure Schedules.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;Except as provided
in Section 3.5(b) of the Disclosure Schedules, no material consent of, or material registration, material declaration, material
notice or material filing with, any Governmental Authority is required to be obtained or made by any Selling Party in connection
with the execution, delivery and performance of the Transaction Documents to which it is a party or the consummation of the transactions
contemplated hereby and thereby.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.6.&#9;<U>Financial
Statements; Undisclosed Liabilities</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;Section 3.6(a)
of the Disclosure Schedules sets forth (<U>i</U>) the audited balance sheets of the Business as of December 31, 2016 and December
31, 2015 and the related audited combined statement of operations and cash flows of the Business for the years then ended (together,
the &ldquo;<U>Audited Financial Statements</U>&rdquo;) and (<U>ii</U>) the management-prepared unaudited balance sheet of the Business
as of December 31, 2017 (the &ldquo;<U>Reference Balance Sheet</U>&rdquo;) and the management-prepared unaudited income statement
of the Business for the year ended December 31, 2017 (together, the &ldquo;<U>Management Accounts</U>&rdquo;). The Audited Financial
Statements have been prepared in all material respects in accordance with GAAP (as modified by the principles, procedures and practices
used in the preparation of the Audited Financial Statements and described therein) consistently applied and fairly present in all
material respects the financial condition and results of operations of the Business for the periods covered thereby. Once delivered,
the 2017 Audited Financial Statements will have been prepared in all material respects in accordance with GAAP (as modified by
the principles, procedures and practices used in the preparation of the Audited Financial Statements and described therein) consistently
applied and will fairly present in all material respects the financial condition and results of operations of the Business for
the periods covered thereby. The Management Accounts were derived from Seller&rsquo;s financial reporting system and are based
on accrual basis accounting.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;The Assumed Liabilities
do not include any material Liabilities, and the Transferred Entity does not have any material Liabilities, in each case other
than (<U>i</U>) Liabilities disclosed on the Reference Balance Sheet, (<U>ii</U>) Liabilities incurred in the ordinary course of
business since the date of the Reference Balance Sheet (none of which is a material Liability resulting from, arising out of, relating
to, in the nature of, or caused by any tort, infringement, violation of Law or environmental matter), (<U>iii</U>) executory Liabilities
under the Transferred Business Contracts and the Shared Contracts (other than any Liabilities resulting from any breach of any
such Contract by any member of the Seller Group) and (<U>iv</U>) Liabilities expressly disclosed in Section 3.6(b) of the Disclosure
Schedules.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.7.&#9;<U>Absence
of Certain Changes</U>. Since the date of the Reference Balance Sheet, (<U>a</U>) except as required by this Agreement and the
other Transaction Documents, the</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Selling Parties have
operated the Business in the ordinary course of business in all material respects, and (<U>b</U>) there has not been a Business
Material Adverse Effect. Since the date of the Reference Balance Sheet, no Selling Party has, with respect to the Business, taken
any action that it would not be permitted to take after the date hereof without the consent of the Purchaser under Section 5.1.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.8.&#9;<U>Taxes</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;All material
Tax Returns required to have been filed by or with respect to the Business (including all Tax Returns required to have been filed
by the Transferred Entity) have been timely filed (taking into account any extension of time to file granted or obtained), all
such Tax Returns were complete and accurate in all respects, and all material Taxes payable with respect to the Business (including
all Taxes payable by the Transferred Entity), whether or not shown on such Tax Returns, have been paid or will be timely paid.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;No material deficiency
for any material amount of Tax has been asserted or assessed by a Governmental Authority in writing against any member of the Seller
Group to the extent related to the Business that has not been satisfied by payment, settled or withdrawn and there are no material
Encumbrances (other than Permitted Encumbrances) for Taxes upon any of the Transferred Assets.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&#9;No member of
the Seller Group has received any (<U>i</U>) written notice that any material audit, examination or similar proceeding is pending,
or has been proposed or asserted with regard to any Taxes or Tax Returns relating to the Business or the Transferred Entity or
(<U>ii</U>) written claim by any Governmental Authority in a jurisdiction where Tax Returns are not filed with respect to the Business
or the Transferred Entity to the effect that material Tax Returns are required to be filed with respect to the Business or by the
Transferred Entity in that jurisdiction.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&#9;No member of
the Seller Group (i) has, with respect to the Business or the Transferred Entity, waived any statute of limitations in respect
of material Taxes or agreed to any extension of time with respect to a material Tax assessment or deficiency (in each case, other
than extensions in the ordinary course for the time of filing any Tax Return), or (ii) is a party to or bound by any material closing
agreement or offer in compromise with any Governmental Authority relating to the Business or the Transferred Entity.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e)&#9;No Transferred
Business Contract provides for any payment to any Business Employee as a consequence of the consummation of the transactions contemplated
hereby, that would result, separately or in the aggregate with any other payments to such Business Employee, in the payment of
any &ldquo;excess parachute payments&rdquo; within the meaning of section 280G of the Code or any similar provision of foreign,
state or local Law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(f)&#9;The Tax year
for the Transferred Entity ends on December 31 for French Tax purposes and October 31 for United States Tax purposes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(g)&#9;No member of
the Seller Group has, by virtue of the Business, at any time been treated (including under any double taxation arrangement) as
resident for any Tax purpose, or as subject to Tax by virtue of having a permanent establishment or other place of business, in
any jurisdiction other than the jurisdiction of its incorporation or organization.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.9.&#9;<U>Intellectual
Property</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;Section 3.9(a)(i)
of the Disclosure Schedules is a list of all patents, pending patent applications, registered trademarks, trademark applications,
registered copyrights and domain names included in the Transferred Intellectual Property (the &ldquo;<U>Registered IP</U>&rdquo;).
The Registered IP is valid, enforceable and in good standing with the relevant Governmental Authority with which it was filed (excluding
expired and lapsed patents and European Patents to the extent not enforceable except through a national filing). Section 3.9(a)(ii)
of the Disclosure Schedules is a list of all product names that are material to the Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;Except as set
forth on Section 3.9(b) of the Disclosure Schedules, each member of the Seller Group is the owner of all right, title and interest
in and to the Transferred Intellectual Property transferred by it, subject only to non-exclusive licenses granted to customers
in the ordinary course of business or patent cross-licenses with third parties, which are not material to the Business, entered
into in connection with settlement of an IP dispute. Each member of the Seller Group has taken commercially reasonable steps to
protect and maintain the confidentiality of trade secrets included in the Transferred Intellectual Property. Section 3.9(b) of
the Disclosure Schedule lists all patent cross-licenses with third parties entered into in connection with settlement of any IP
dispute related to the Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&#9;The operation
of the Business as currently conducted does not infringe, misappropriate, dilute or otherwise violate the Intellectual Property
of another Person. To the Knowledge of the Seller, no Person is infringing, misappropriating, diluting or otherwise violating the
Transferred Intellectual Property.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&#9;No member of
the Seller Group is party to any pending or, to the Knowledge of the Seller, threatened actions, suits or proceedings (<U>i</U>)
alleging that the operation of the Business, infringes, misappropriates, dilutes or otherwise violates the Intellectual Property
of any Person or (<U>ii</U>) challenging the ownership, validity, patentability, enforceability, registrability or use of any Transferred
Intellectual Property;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e)&#9;Section 3.9(e)
of the Disclosure Schedules lists all licensed software used in the Business that requires an annual license payment in excess
of $250,000 and that requires the consent of any third party to continue to remain in effect following the consummation of the
transactions contemplated by this Agreement. Notwithstanding the above, Section 3.9(e) of the Disclosure Schedules does not include
any off the shelf software.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(f)&#9;Except at set
forth on Section 3.9(f) of the Disclosure Schedule, the Transferred Intellectual Property and the Intellectual Property licensed
under the IP License Agreement will be sufficient to permit the Purchaser to continue to conduct the Business immediately following
the Closing in substantially the same manner as the Business is being conducted as of the date hereof, provided that the foregoing
is not a representation as to non-infringement of any Intellectual Property of any Person, which is the subject of the first sentence
of <U>Section 3.9(c)</U>. For the avoidance of doubt, the conduct of the Business immediately following the Closing in substantially
the same manner as the Business is being conducted as of the date hereof, including the use of the Transferred Intellectual Property,
will not (taking account of the License</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Agreement) infringe,
misappropriate, dilute or otherwise violate the Excluded Intellectual Property owned by Seller or its Affiliates.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(g)&#9;No software included
in the Transferred Assets incorporates any open source code in a manner that would (i) require the contribution, sale, licensing,
provision or public disclosure to any person of any source code for such software or (ii) impose limitations on the Purchaser&rsquo;s
or the Transferred Entity&rsquo;s right to require royalty payments from or restrict further distribution of such software. Neither
the Seller nor any of its Affiliates, including the Transferred Entity, have participated in any standards setting activities that
would materially affect the proprietary nature of any such software or restrict the ability of the Purchaser or the Transferred
Entity to enforce, license, or exclude others from using any software included in the Transferred Assets. Every member of the Seller
Group is and has been in compliance with all applicable licenses with respect to any third party software that constitute open
source incorporated in software included in the Transferred Assets, and no member of the Seller Group has received any request
from any Person for disclosure of software owned by a member of the Seller Group.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(h)&#9;The Seller and
its Affiliates have implemented business continuity and disaster recovery plans with respect to the Business, including regular
back-up and prompt recovery of data and information, and have arranged for back-up data processing services adequate to meet the
data processing needs of the Business in the event that the computer systems, networks, hardware, software, databases, websites,
and equipment of the Business or any of their material components is rendered temporarily or permanently inoperative as a result
of a natural or other disaster. Since January 1, 2015, (i) there has not been any failure, breakdown or continued substandard performance
affecting any information technology software, equipment or systems used in the Business that have caused any substantial disruption
of or interruption in the use of such software, equipment or systems and (ii) there have been no security breaches or material
intrusions of any such software, equipment or system.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i)&#9;No Governmental
Authority, university or educational institution has sponsored research and development in connection with the Business as currently
conducted under an agreement or arrangement that would provide such Governmental Authority, university or educational institution
with any claim of ownership to any Transferred Intellectual Property.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.10.&#9;<U>Legal
Proceedings</U>. There is no Action pending against or, to the Knowledge of the Seller, threatened against, any member of the Seller
Group relating to the Business or any of the Transferred Assets. Neither any member of the Seller Group (as it relates to the Business)
nor any of the Transferred Assets is subject to any Governmental Order and, to the Knowledge of the Seller, there are no such Governmental
Orders threatened to be imposed.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.11.&#9;<U>Compliance
with Laws; Permits</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;<U>Compliance
with Laws</U>. Since January 1, 2015 (<U>i</U>) the Business has been conducted in material compliance with all Laws and Governmental
Orders applicable to the Business, and (<U>ii</U>) no member of the Seller Group has received any written notice of any violation
or alleged violation of any such Law or Governmental Order.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;<U>Permits</U>.
(<U>i</U>) The Seller Group has all material Permits that are necessary to conduct the Business as currently conducted, (<U>ii</U>)
all such material Permits are in full force and effect, (<U>iii</U>) the Business is not being conducted in violation or default
of such material Permits and (<U>iv</U>) no member of the Seller Group is in receipt of any written notification that any Governmental
Authority is threatening to revoke any such material Permit. Section 3.11(b) of the Disclosure Schedules lists all material Permits
that are required to be held by any member of the Seller Group in connection with the conduct of the Business and identifies those
Permits that will not be Transferred Assets.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.12.&#9;<U>Anti-Corruption
and Trade Controls</U>. During the past five (5) years, the Business and each of its officers, directors, employees, and to the
Knowledge of the Seller, agents, distributors and other individuals or entities acting for or on behalf of the Business (collectively,
the &ldquo;<U>Relevant Persons</U>&rdquo;) have not directly or indirectly violated any provision of the U.S. Foreign Corrupt Practices
Act of 1977 (as amended) or any other anti-corruption or anti-bribery laws or regulations applicable to the Business. To the Knowledge
of the Seller, during the past five (5) years, the Relevant Persons have not in the course of their actions for, or on behalf of,
the Business engaged directly or indirectly in transactions prohibited by any law administered by the U.S. Treasury Department
Office of Foreign Assets Control, or by any other applicable economic or trade sanctions law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.13.&#9;<U>Environmental
Matters</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;Each member of
the Seller Group is in material compliance with all applicable Environmental Laws to the extent relating to the Business;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;The Seller Group
has obtained and is in compliance with all material Environmental Permits to conduct the Business as currently conducted;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&#9;Since January
1, 2015, no member of the Seller Group has received a written order, complaint or penalty in connection with the Business that
alleges a violation of any Environmental Law;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&#9;Since January
1, 2015, there has been no Action pending or, to the Knowledge of the Seller, threatened by a third party against any member of
the Seller Group in connection with the Business alleging any Liability under any Environmental Law; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e)&#9;There has been
no material release of any Hazardous Substances at any Owned Real Property or any of the real properties subject to the Morangis
Transferred Real Property Sublease or the Danbury Lease in violation of any Environmental Law and, since January 1, 2015, no member
of the Seller Group has investigated or remediated any actual or potential releases of Hazardous Substances at any Owned Real Property
or any of the real properties subject to the Morangis Transferred Real Property Sublease or the Danbury Lease pursuant to any Environmental
Law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.14.&#9;<U>Employee
Benefit Plans</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;Section 3.14(a)
of the Disclosure Schedules lists, as of the date of this Agreement, each Business Benefit Plan, other than any Business Benefit
Plan mandated by applicable Law.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">The Seller has delivered
or made available to the Purchaser true, complete and correct copies of the following with respect to each Business Benefit Plan
<FONT STYLE="color: black">required to be listed in </FONT>Section 3.14(a)<FONT STYLE="color: black"> of the Disclosure Schedules,
if applicable: (<U>A</U>) a copy of the applicable Business Benefit Plan </FONT>(or, in the case of any such Business Benefit Plan
<FONT STYLE="color: black">that is unwritten</FONT>, a description of the material terms thereof); (<U>B</U>) the two most recent
annual reports on Form 5500 filed with respect to each such Business Benefit Plan (or equivalent forms filed with any other Governmental
Authority); (<U>C</U>) the most recent summary plan description for each such Business Benefit Plan, (<U>D</U>) the most recent
actuarial valuation report for each such Business Benefit Plan, (<U>E</U>) the most recent determination letter issued by any Governmental
Authority relating to each Business Benefit Plan, if applicable, (<U>F</U>) all material opinions and memoranda (whether externally
or internally prepared) and (<U>G</U>) all material correspondence with all regulatory authorities or other relevant Persons.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;Each Assumed
Benefit Plan is and has at all times been operated in all material respects in accordance with its terms and with all applicable
Laws including ERISA and the Code. With respect to each such Assumed Benefit Plan that is intended to be qualified under Section
401(a) of the Code, each such plan has been determined by the IRS to be so qualified as to form, and each trust forming a part
thereof has been determined by the IRS to be exempt from tax pursuant to Section 501(a) of the Code. To the Knowledge of the Seller,
no reason exists that would reasonably be expected to cause such qualified status to be revoked for any period.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&#9;There are no
pending Actions or, to the Knowledge of the Seller, asserted against any of the Assumed Benefit Plans, the assets of any of the
trusts under such plans, the plan sponsors, the plan administrator or any fiduciary of any such plan (other than routine benefit
claims) that could result in the imposition of any material Liability on the Purchaser. There are no investigations or audits by
any Governmental Authority of any such Assumed Benefit Plans, any trusts under such plans, the plan sponsor, the plan administrator
or any fiduciary of any such plan that have been instituted or, to the Knowledge of the Seller, threatened.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&#9;No member of
the Seller Group is obligated to contribute to any multiemployer plan, as defined in Section 3(37) of ERISA, on behalf of any Business
Employee. With respect to each member of the Seller Group or any Person or entity that would be treated as a single employer with
any member of the Seller Group for purposes of Section 414(b), (c), (m) or (o) of the Code, there does not exist, nor do any circumstances
exist that would reasonably be expected to result in, any Controlled Group Liability that would result in any liability, at or
after the Closing, to the Purchaser or any entity that, together with the Purchaser, is treated as a single employer under Section
414(b), (c), (m) or (o) of the Code.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e)&#9;No Assumed Benefit
Plan is (<U>i</U>) a &ldquo;multiemployer plan,&rdquo; as such term is defined in Section 3(37) of ERISA, or a &ldquo;multi-employer
pension plan&rdquo; under applicable Laws, or (<U>ii</U>) subject to Section 302 or Title IV of ERISA or Section 412 of the Code,
and no member of the Seller Group has contributed to any multiemployer plan with respect to any Business Employees of the business
in the last six (6) years. The Seller has not been required to post any security under ERISA or Section 401(a)(29) of the Code
with respect to any Assumed Benefit Plan, and no fact or event exists that could reasonably be expected to give rise to any such
lien or requirement to post any such security with respect to any Assumed Benefit Plan.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(f)&#9;The execution
and delivery of this Agreement by the Seller and the consummation by each member of the Seller Group of the transactions contemplated
by this Agreement will not (alone or in combination with any other event) result in an increase in the amount of compensation or
benefits or the acceleration of the vesting or timing of payment of any compensation or benefits payable to or in respect of any
current or former employee, officer, director or independent contractor of the Business or any increased or accelerated funding
obligation with respect to any Assumed Benefit Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(g)&#9;No Assumed Benefit
Plan provides any post-employment or post-retirement life, health or welfare benefits to any Business Employee (or dependents or
beneficiaries thereof), except as otherwise required by Section 4980B of the Code or any other applicable Law, or where the cost
of such benefit is borne by the Business Employee.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(h)&#9;No member of
the Seller Group has any Liability for any material Tax or penalty arising under Sections 4971, 4972, 4975, 4979, 4980 or 4980B
of the Code or Title IV of ERISA with respect to any Assumed Benefit Plan that has not been satisfied in full.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i)&#9;All contributions,
premiums or payments required to be made or accrued with respect to any Assumed Benefit Plan have been made on or before their
due dates. All Assumed Benefit Plans are funded to the extent required under applicable Laws and there exists no event or condition
that has or will subject the Purchaser or the Transferred Entity to any material Liability under the terms of any Assumed Benefit
Plan, ERISA, the Code, or any other applicable Law. No insurance policy or any other agreement affecting any Assumed Benefit Plan
requires or permits a retroactive increase in contributions, premiums or other payments due thereunder.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(j)&#9;Subject to the
requirements of all applicable Laws, no provision of any Assumed Benefit Plan nor of any agreement, and no act or omission of any
member of the Seller Group in any way limits, impairs, modifies or otherwise affects the right of such member of the Seller Group
to unilaterally amend or terminate any Assumed Benefit Plan, and no commitments to improve or otherwise amend any Assumed Benefit
Plan have been made.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.15.&#9;<U>Contracts</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;Section 3.15(a)
of the Disclosure Schedules sets forth a complete list, as of the date hereof, of each Contract (or, in the case of items (vii)
and (viii) below, series of related Contracts) to which any member of the Seller Group is a party (but only if such Contract relates
to or is used or held for use in connection with the Business):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i)&#9;that limits or
purports to limit the ability of the Business to compete in any line of business or with any Person, industry or geographical area
or during any period of time;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii)&#9;that contains
a most favored nation or similar provision in favor of any customer or counterparty, other than any Contract with a Governmental
Authority providing for less than $1,000,000 in annual billings;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii)&#9;that obligates
a member of the Seller Group to purchase or otherwise obtain any product or service exclusively from a single party or sell any
product or service exclusively to a single party;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv)&#9;that creates
a partnership, joint venture, or other similar arrangement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v)&#9;under which such
member of the Seller Group has an outstanding obligation relating to the acquisition or disposition of any business or assets (whether
by merger, sale of stock, sale of assets or otherwise), but excluding any disposition of inventory in the ordinary course and excluding
Contracts or a series of related Contracts of the type described in item (vii) or (viii) below;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vi)&#9;that is a collective
bargaining agreement, employee association agreement or other agreement with any labor union, employee representative group, works
council or similar collection of employees;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vii)&#9;for the purchase
of materials, supplies, goods, equipment or services under which payments in excess of $1,000,000 were made by or on behalf of
the Business during fiscal year 2017 (or that is anticipated to exceed such amount for fiscal year 2018), other than any Contract
that can be terminated at will on less than ninety (90) days&rsquo; notice;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(viii)&#9;for goods
or services provided by the Business under which the Business received revenue in excess of $2,000,000 during fiscal year 2017
(or that is anticipated to exceed such amount for fiscal year 2018), other than any Contract that can be terminated at will on
less than ninety (90) days&rsquo; notice;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ix)&#9; (A) constituting
an employment, consulting or severance agreement with any employee, or director or independent contractor whose annual base salary
is greater than $150,000 or (B) providing for a change of control, stay bonus, transaction completion bonus or other similar payment
to be made to any current or former employee, director or independent contractor, including as a result of this Agreement or the
transactions contemplated hereby;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(x)&#9;not required
to be listed under any of clauses (i) through (ix) above and under which a member of the Seller Group paid or received payments
in an aggregate amount in excess of $2,500,000<B><I> </I></B>in 2017 or would anticipate receiving payments in an aggregate amount
in excess of $2,500,000<B> </B>in 2018 if the transactions contemplated by this Agreement were not consummated; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xi)&#9;that involves
the license of any Transferred Intellectual Property material to the Business other than non-exclusive licenses entered into in
the ordinary course of business or other licenses of widely available commercial software.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">The Contracts set forth
on Section 3.15(a) of the Disclosure Schedules are collectively referred to herein as the &ldquo;<U>Material Contracts</U>.&rdquo;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;Each Material
Contract is in full force and effect and is a valid and binding agreement of the relevant member of the Seller Group, enforceable
against such member of the Seller Group in accordance with its terms, subject to the Enforceability Exceptions, (<U>i</U>) no</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">member of the Seller
Group is in breach of or default under any Material Contract to which it is a party, and, to the Knowledge of the Seller, no other
party to any such Contract is in breach thereof or default thereunder, (<U>ii</U>) no member of the Seller Group has received from
any counterparty any written notice or written claim of default by such member of the Seller Group under any Material Contract
and (<U>iii</U>)<B> </B>to the Knowledge of the Seller, no event has occurred that, with or without notice or lapse of time or
both, would result in a breach or default under any Material Contract by any member of the Seller Group. The Seller has delivered
to the Purchaser true, correct and complete copies of each of the Material Contracts, together with any material amendments, material
modifications or material supplements thereto. Notwithstanding the foregoing, the representations and warranties contained in this
<U>Section 3.15</U> do not apply to the Morangis Transferred Real Property Sublease, which is covered exclusively in <U>Section
3.16</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.16.&#9;<U>Real
Properties</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;Section 3.16(a)
of the Disclosure Schedules lists all real property owned by the Transferred Entity (the &ldquo;<U>Owned Real Property</U>&rdquo;).
The Transferred Entity has good and valid title to the Owned Real Property, free and clear of all Encumbrances, except for Permitted
Encumbrances.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;With respect
to (i) the Morangis Transferred Real Property Sublease and the overlying lease to which the Morangis Transferred Real Property
Sublease is subject and (ii) the Danbury Lease: (x) such lease is in full force and effect, (y) neither the relevant member of
the Seller Group, nor any of its Affiliates, nor, to the Knowledge of the Seller, the landlord under such lease, is in default
thereunder and (z) to the Knowledge of the Seller, no event has occurred that, with or without notice or lapse of time or both,
would result in a breach or default by the relevant member of the Seller Group or any of its Affiliates under such lease.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&#9;No member of
the Seller Group has received written notice of any current or threatened condemnation, appropriation, eminent domain or similar
proceedings relating to any portion of the Owned Real Property or the real properties subject to the Morangis Transferred Real
Property Sublease or the Danbury Lease.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&#9;Section 3.16(d)
of the Disclosure Schedules sets forth a correct and complete list of those real properties at which employees and/or other resources
of both the Business and the Seller (or an Affiliate of the Seller) and its respective Subsidiaries are co-located (each, a &ldquo;<U>Shared
Space</U>&rdquo;) and indicates for each Shared Space (<U>i</U>) the location of such Shared Space, (<U>ii</U>) the approximate
square footage of such Shared Space and the portion of such Shared Space occupied by the Business or Seller (or an Affiliate of
the Seller other than the Transferred Entity) or, where applicable, the headcount of Business employees located in the Shared Space,
(<U>iii</U>) the monthly rental allocation to be paid by the Business or the Seller (or an Affiliate of the Seller) post-closing
for the continued use of such Shared Space and (<U>iv</U>) whether such Shared Space shall be subject to a Real Property License
Agreement at Closing or will be governed by the Transition Services Agreement at Closing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.17.&#9;<U>Transferred
Personal Property and Transferred Inventory</U>. The Seller Group has good and valid title to, or holds pursuant to a valid and
enforceable leasehold interest, all Transferred Personal Property and Transferred Inventory reflected in the Reference Balance</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Sheet as being owned
or leased by the Business, in all cases free and clear of any Encumbrances, other than Permitted Encumbrances, except for Transferred
Personal Property and Transferred Inventory disposed of, or subject to a lease that has expired or been terminated, in each case
in the ordinary course of business since the date of the Reference Balance Sheet. All Transferred Personal Property, taken as a
whole, is in good working condition, ordinary wear and tear excepted.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.18.&#9;<U>Sufficiency
of Assets</U>. Except (<U>a</U>) for corporate and administrative services, including human resources, legal services, finance
and treasury and marketing provided by any member of the Seller Group to the Business, (<U>b</U>) for services that are to be made
available pursuant to the Transition Services Agreement, the Lease Servicing Agreement, the Infinity Meter Agreement, the Presort
Commercial Agreement, the Dealer Management Services Agreement or the Maintenance Services Agreement, (c) for access to real property
and facilities to be provided as set forth in Section 5.27 of the Disclosure Schedules and the Real Property License Agreements,
(<U>d</U>) for Intellectual Property to be licensed pursuant to the IP License Agreement, <SUP> </SUP>(<U>e</U>) for the Shared
Contracts that are not Transferred Business Contracts, (<U>f</U>) as set forth in Section 3.18 of the Disclosure Schedules and
(<U>g</U>) for replacement of debt financing, insurance, bank accounts support and hedging arrangements that are not included in
the transactions contemplated by this Agreement, the Transferred Assets collectively constitute, in all material respects, all
of the assets of the Seller Group that are necessary for the conduct of the Business as currently conducted.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.19.&#9;<U>Labor
and Employment</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&#9;No labor strike,
lockout or work stoppage is pending or, to the Knowledge of the Seller, threatened against the Business. To the Knowledge of the
Seller, no Business Employee has filed any pending arbitration, lawsuit or administrative proceeding against any member of the
Seller Group with respect to the Business. Except as set forth in Section 3.19(a) of the Disclosure Schedules, no member of the
Seller Group is a party to or bound by a collective bargaining agreement or other labor union or works council Contract applicable
to persons employed in the Business (each, a &ldquo;<U>Labor Contract</U>&rdquo;), and no trade union holds bargaining rights,
with respect to any of the Business Employees by way of certification, interim certification, voluntary recognition or succession
rights and, to the Knowledge of the Seller, no union organizing activities directed at any member of the Seller Group with respect
to the Business Employees are pending or threatened, and no such event has occurred since January 1, 2015. There are no unfair
labor practice charges, grievances or complaints pending against any member of the Seller Group with respect to the Business before
any Governmental Authority or any current union representation questions involving employees of the Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&#9;Section 3.19(b)
of the Disclosure Schedules (the &ldquo;<U>Business Employee List</U>&rdquo;) sets forth to the extent permitted by all applicable
Privacy Laws, with respect to each Business Employee as of the date hereof (including any Business Employee who is on a leave of
absence of any nature, paid or unpaid, authorized or unauthorized, including disability, family or other leave, sick leave or on
layoff status subject to recall): (<U>i</U>) the name and title of such Business Employee; (<U>ii</U>) the current employer of
such Business Employee (i.e., the Seller or a specified Affiliate of the Seller); (<U>iii</U>) the date on which such Business
Employee commenced employment with the Seller or other member of the Seller Group; (<U>iv</U>) whether such Business Employee is
on</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">an active or inactive
status; (<U>v</U>) the location at which such Business Employee principally works; (<U>vi</U>) such Business Employee&rsquo;s current
employment status (e.g., full-time or part-time; active or leave of absence), (<U>vii</U>) whether such Business Employee is treated
as exempt or non-exempt and (<U>viii</U>) any agreements, arrangements or benefits provided to such Business Employee other than
standard agreements, arrangements or benefits provided to all similarly situated employees and (ix) current annualized compensation,
including current base salary and current target bonus.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&#9;Section 3.19(c)
of the Disclosure Schedules contains a list of all individuals who are currently performing services for any member of the Seller
Group with respect to the Business who are classified as &ldquo;consultants&rdquo; or &ldquo;independent contractors&rdquo;, the
respective compensation of each such person, and a description of any agreement with such person.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&#9;Except as set
forth on Section 3.19(d) of the Disclosure Schedules, with respect to the Business Employees, the Seller and its Affiliates are
and since January 1, 2015 have been in compliance in all material respects with all applicable employment-related Laws, including
those related to wages, hours, eligibility for and payment of overtime compensation, worker classification (including the proper
classification of independent contractors and consultants), Tax withholding, collective bargaining, unemployment insurance, workers&rsquo;
compensation, pay equity, occupational health and safety, immigration, employment discrimination, disability rights, equal opportunity,
leaves of absence, affirmative action, plant closing and mass layoff issues, occupational safety and health Laws, Laws relating
to the transfer of employees, and notification of and/or consultation with any labor or trade union, staff association, works council
or other representative of any Business Employees.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e)&#9;The Transferred
Entity does not have, any material Liability for any payment to any trust or other fund or to any Governmental Authority, with
respect to unemployment compensation benefits, social security or other benefits or obligations for employees, interns, independent
contractors or consultants (other than routine payments to be made in the normal course of business and consistent with past practice).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(f)&#9;To the Knowledge
of the Seller, each Business Employee working in the United States is a United States citizen or has a current and valid work visa
or otherwise has the lawful right to work in the United States. The Seller or an Affiliate of the Seller has in its files a Form
I-9 that, to the Knowledge of the Seller, was completed in accordance with applicable Law for each Business Employee from whom
such form is required under applicable Law (and all such Forms are intended to be included in the Transferred Assets).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(g)&#9;With respect
to the Business Employees, no member of the Seller Group has engaged in any location closing or employee layoff activities during
the ninety (90) day period prior to the date hereof that would violate WARN or any similar state or local plan closing or mass
layoff statute, rule or regulation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(h)&#9;There are no
demands or claims outstanding or pending or, to the Knowledge of the Seller, threatened, before any Governmental Authority by any
Business Employees for compensation, termination and/or severance benefits payments or vacation pay or vacation time, unpaid meal
or rest breaks, or pension benefits, or any other claim threatened or pending before any Governmental Authority (or any state &ldquo;referral
agency&rdquo;) from any Business Employee or</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">any other Person arising
out of the status of any member of the Seller Group as an employer, joint employer, contractor or lessor, whether in the form of
claims for employment discrimination, harassment, retaliation, unfair labor practices, grievances, wrongful discharge, wage and
hour violations, breach of contract, unfair business practice, tort, unfair competition, worker&rsquo;s compensation, occupational
health and safety compensation or otherwise. There are no outstanding or pending or, to the Knowledge of the Seller, threatened
claims or actions against any member of the Seller Group with respect to the Business under any worker&rsquo;s compensation policy
or Law or long-term disability policy.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.20.&#9;<U>Affiliate
Agreements</U>. Section 3.20 of the Disclosure Schedules sets forth all agreements to which any member of the Seller Group, on
the one hand, and the Business or the Transferred Entity, on the other hand, are parties, other than any employee agreements (each,
an &ldquo;<U>Affiliate Agreement</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.21.&#9;<U>Finder&rsquo;s
Fee</U>. Other than the fees to be paid by the Seller to Goldman Sachs&nbsp;&amp; Co. LLC, no member of the Seller Group has incurred
any liability to any Person for any brokerage or finder&rsquo;s fee or agent&rsquo;s commission, or the like, in connection with
the transactions contemplated by this Agreement or the other Transaction Documents.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.22.&#9;<U>Privacy
Laws</U>. Each member of the Seller Group, with respect to the Business has, since January 1, 2015, collected Personal Information
in material compliance with all applicable Privacy Laws. Since January 1, 2015, no communication from any Governmental Authority
with respect to or alleging non-compliance with Privacy Laws has been received by any member of the Seller Group in connection
with the Business. Each member of the Seller Group has, with respect to the Business, taken all steps in accordance with normal
industry practices to secure the business data related to the Business from unauthorized access or unauthorized use by any Person.
Since January 1, 2015, no member of the Seller Group has received a complaint from any Person in relation to the processing of
personal data relating to the Business or any indication from any data protection authority that such Seller Group member is acting
or has acted in breach of or is otherwise being investigated or is the subject of enforcement action in respect of any data protection
laws with respect to the Business. To the Knowledge of the Seller, there has been no unauthorized access gained by a third party
to Personal Information, in each case related to the Business, when in the custody or control of any member of the Seller Group.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.23. <U>Key
Customers</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) Section 3.23(a)
of the Disclosure Schedules sets forth a complete and correct list of (i) the twenty five (25) largest customers of the Business
for the products and services described in clauses (A) and (B) of the definition of &ldquo;Business&rdquo; in <U>Section 8.2</U>,
calculated based on revenue received by the Business from the sale of such products and services for the year ended December 31,
2017 and (ii) the ten (10) largest customers of the Business for the licensing of software described in clause (C) of the definition
of &ldquo;Business&rdquo; in <U>Section 8.2</U>, calculated based on revenue received by the Business from such licensing activities
for the year ended December 31, 2017 (collectively, the &ldquo;<U>Key Customers</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) No member of
the Seller Group has received any written notice, letter or other written communication from any Key Customer (<U>i</U>) communicating
its intention to (<U>A</U>) terminate, (<U>B</U>) fail to renew or (<U>C</U>) materially modify, amend or reduce, its business
relationship with the Business, or (<U>ii</U>) to the effect that it will fail to perform, or is reasonably likely to fail to perform,
its material obligations under any Material Contract. There are no pending material disputes with any Key Customer.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) All products
and services of the Business sold to JPMorgan Chase Bank, N.A. are, and since January 1, 2016 have been, exclusively sold pursuant
to that certain Purchase&nbsp;&amp; Services Agreement, dated June 6, 2003, by and between Seller and Bank One, N.A., as amended by
Amendment One thereto dated July 1, 2010. Since January 1, 2016, the Business has not provided any direct or indirect rebate on
products or services sold or provided to JPMorgan Chase Bank, N.A., including, without limitation, any rebate calculated or earned,
in whole or in part, based on sales of the Business&rsquo;s products or services to such customer and paid or deemed paid by any
Affiliate of the Seller Group but excluding, for the avoidance of doubt, any discounted pricing provided with respect to such products
or services.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.24. <U>Key
Vendors</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) Section
3.24(a) of the Disclosure Schedules sets forth a complete and correct list of the twenty five (25) largest vendors of the
Business, calculated based on amounts spent by the Business, for the year ended December 31, 2017 (collectively, the
&ldquo;<U>Key Vendors</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) No member of
the Seller Group has received any written notice, letter or other written communication from any Key Vendor (<U>i</U>) communicating
its intention to (<U>A</U>) terminate, (<U>B</U>) fail to renew or (<U>C</U>) materially modify, amend or reduce, its business
relationship with the Business, or (ii) to the effect that it will fail to perform, or is reasonably likely to fail to perform,
its material obligations under any Material Contract. There are no pending material disputes with any Key Vendor.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.25. <U>Insurance</U>.
The Seller or another member of the Seller Group maintains on behalf of the Business, such worker&rsquo;s compensation, comprehensive
property and casualty, liability, errors and omissions, directors&rsquo; and officers&rsquo;, fidelity and other insurance that
Seller&rsquo;s management believes is commercially reasonable for a business of the same type as the Business. All such policies
are in full force and effect, in all material respects, and all material</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">premiums due and payable
have been paid, and no written notice of cancellation or termination has been given or received with respect to any such policy
that is material to the Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.26. <U>Bank
Accounts</U>. The Seller has provided the Purchaser with a complete and accurate list, as of the date hereof (and will update such
list immediately prior to the Closing if there are any changes), of all bank accounts of the Transferred Entity, indicating for
each such account the signatories with respect thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.27. <U>Seller
Guarantees</U>. Section 3.27 of the Disclosure Schedules sets forth a compete and correct list, as of the date hereof, of all (i)
Seller Guarantees and (ii) letters of credit, guarantees, surety bonds, performance bonds, net worth maintenance agreements, reimbursement
obligations, letters of comfort and other financial assurance obligations issued or entered into by Transferred Entity in connection
with the Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 3.28. <U>Disclaimer
of Other Representations and Warranties</U>. Except as expressly set forth in this <U>Article III</U> (as modified by the Disclosure
Schedules), no member of the Seller Group nor any Affiliate of any member of the Seller Group nor any of their respective officers,
employees, agents or representatives makes or has made any representation or warranty, express or implied, at law or in equity,
with respect to the Business or the past, present or future condition of any of its assets, Liabilities or operations, or the past,
current or future profitability or performance, individually or in the aggregate, of the Business or any other matter, and the
Seller, on behalf of itself and each other member of the Seller Group, specifically disclaims any such other representations or
warranties. Except for the representations and warranties expressly set forth in this <U>Article III</U> (as modified by the Disclosure
Schedules), the Seller, on behalf of itself and each other member of the Seller Group, hereby disclaims all liability and responsibility
for all projections, forecasts, estimates, financial statements, financial information, appraisals, statements, promises, advice,
data or information made, communicated or furnished (orally or in writing, including electronically) to the Purchaser or any of
the Purchaser&rsquo;s Affiliates or any representatives of the Purchaser or any of its Affiliates, including omissions therefrom.
Without limiting the foregoing, no member of the Seller Group makes any representation or warranty of any kind whatsoever, express
or implied, written or oral, at law or in equity, to the Purchaser or any of its Affiliates or any representatives of the Purchaser
or any of its Affiliates regarding the success, profitability or value of the Transferred Entity, the Transferred Assets or the
Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">Article
IV<BR>
<BR>
REPRESENTATIONS AND WARRANTIES OF THE PURCHASER</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">The Purchaser hereby
represents and warrants to the Seller that:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 4.1. <U>Corporate
Status</U>. The Purchaser is a Delaware corporation, duly organized, validly existing and in good standing under the Laws of the
jurisdiction of its incorporation or organization. The Purchaser (<U>a</U>) has all requisite power and authority to carry on its
business as it is now being conducted and (<U>b</U>) is duly qualified or otherwise authorized to do business and is in good standing
in each of the jurisdictions in which the ownership, operation or leasing of its properties and assets and the conduct of its business
requires it to be so qualified or otherwise authorized.</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 4.2. <U>Authority</U>.
The Purchaser has all requisite corporate power and authority to execute, deliver and perform its obligations under the Transaction
Documents to which the Purchaser is a party and to consummate the transactions contemplated hereby and thereby. The execution,
delivery and performance by the Purchaser of the Transaction Documents to which the Purchaser is a party and the consummation of
the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action on the
part of the Purchaser, and no other corporate or other proceeding on the part of the Purchaser is necessary to authorize the execution,
delivery and performance by the Purchaser of the Transaction Documents to which it is a party or to consummate the transactions
contemplated thereby. This Agreement has been, and upon their execution each of the other Transaction Documents to which the Purchaser
is a party shall have been, duly executed and delivered by the Purchaser, and, assuming due authorization and delivery by the Seller,
this Agreement constitutes, and upon their execution each such Transaction Document shall constitute, valid and binding obligations
of the Purchaser, enforceable against the Purchaser in accordance with their terms, subject to the Enforceability Exceptions.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 4.3. <U>No
Conflict; Governmental Authorizations</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) The execution
and delivery by the Purchaser of this Agreement and the other Transaction Documents to which it is a party and the consummation
by the Purchaser of the transactions contemplated hereby and thereby do not and will not (<U>i</U>) violate or conflict with any
organizational documents of the Purchaser, (<U>ii</U>) violate, conflict with or result in a breach of, or constitute a default
by (or create an event which, with notice or lapse of time or both, would constitute a default by) the Purchaser, or give rise
to a right of termination, cancellation or acceleration of any obligation or loss of a material benefit under, or result in the
creation of any Encumbrance (except for Permitted Encumbrances) upon any material assets of the Purchaser under, any material Contract
of the Purchaser, or (<U>iii</U>) violate or result in a breach of any Permit held by the Purchaser or any Governmental Order or,
subject to the matters described in <U>Section 4.3(b)</U>, Law applicable to the Purchaser, except, in the case of clauses (ii)
and (iii), as would not have, individually or in the aggregate, a material adverse effect on, or materially delay, the Purchaser&rsquo;s
ability to consummate the transactions contemplated by this Agreement and the other Transaction Documents.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) Except as provided
in <U>Section 5.5(b)</U>, no consent of, or registration, declaration, notice or filing with, any Governmental Authority is required
to be obtained or made by the Purchaser in connection with the execution, delivery and performance of this Agreement and the other
Transaction Documents or the consummation of the transactions contemplated hereby and thereby, other than such consents, registrations,
declarations, notices or filings that, if not obtained, would not have, individually or in the aggregate, a material adverse effect
on, or materially delay, the Purchaser&rsquo;s ability to consummate the transactions contemplated by this Agreement and the other
Transaction Documents.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 4.4. <U>Finder&rsquo;s
Fee</U>. The Purchaser has not incurred any liability to any party for any brokerage or finder&rsquo;s fee or agent&rsquo;s commission,
or the like, in connection with the transactions contemplated by this Agreement or the other Transaction Documents.</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 4.5. <U>Solvency</U>.
Assuming the accuracy of the representations and warranties expressly set forth in <U>Article III</U> (as modified by the Disclosure
Schedules) in all material respects, immediately following the Closing after giving effect to the transactions contemplated under
this Agreement and the other Transaction Documents, the Purchaser will be Solvent. As used herein, &ldquo;<U>Solvent</U>&rdquo;
means with respect to any Person on a particular date, that on such date (<U>a</U>) the fair value of the property of such Person
is greater than the total amount of liabilities, including, contingent liabilities, of such Person; (<U>b</U>) the present fair
salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such
Person on its debts as they become absolute and matured; (<U>c</U>) such Person has not incurred and does not intend to incur,
debts or liabilities beyond such Person&rsquo;s ability to pay such debts and liabilities as they mature; and (<U>d</U>) such Person
is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person&rsquo;s
property would constitute an unreasonably small capital. The amount of contingent liabilities at any time shall be computed under
this <U>Section 4.5</U> as the amount that, in the light of all the facts and circumstances existing at such time, represents the
amount that can reasonably be expected to become an actual or matured liability.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 4.6. <U>Financing</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) The Purchaser
has delivered to the Seller a complete and correct copy of an executed equity commitment letter (the &ldquo;<U>Equity Commitment
Letter</U>&rdquo;) from an Affiliate of the Purchaser (&ldquo;<U>Sponsor</U>&rdquo;) pursuant to which, and subject to the terms
and conditions of which, Sponsor has agreed to provide equity financing to the Purchaser in connection with the transactions contemplated
by this Agreement (the &ldquo;<U>Equity Financing</U>&rdquo;). The Equity Commitment Letter is in full force and effect and is
a legal, valid and binding obligation of Sponsor, enforceable against Sponsor in accordance with its terms, subject to the Enforceability
Exceptions. The aggregate proceeds contemplated by the Equity Commitment Letter, if funded, will be sufficient to enable the Purchaser
to pay the aggregate Purchase Price and satisfy all other pre-closing obligations provided for in, and necessary to consummate
the transactions contemplated by, this Agreement. The Equity Commitment Letter provides, and will continue to provide, that the
Seller is a third-party beneficiary thereof and is entitled to enforce such agreement, subject to the terms and conditions set
forth therein. There are no conditions precedent or other contingencies related to the funding obligations under the Equity Commitment
Letter, other than satisfaction of the conditions set forth in <U>Article VI</U>. The Purchaser acknowledges that its obligations
under this Agreement and the agreements contemplated hereby, including its obligation to pay the Purchase Price if and when required
to hereunder, are not conditioned upon or subject to the availability of funds to the Purchaser.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) As of the date
hereof, no event has occurred which would constitute a breach or default (or an event which with notice or lapse of time or both
would constitute a default) on the part of the Purchaser or Sponsor under the Equity Commitment Letter.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) The Purchaser
has delivered to the Seller complete and correct copies of the executed debt commitment letters, dated as of the date hereof, together
with all annexes, schedules and exhibits thereto and any related fee letter, engagement letter or other agreements (solely in the
case of the fee letter, redacted in a manner reasonably satisfactory of the Debt Financing Sources (other than with respect to
any conditions to the funding under the Debt</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Commitment Letters on
the Closing Date)) (the &ldquo;<U>Debt Commitment Letters</U>&rdquo;), from the Debt Financing Sources party thereto, pursuant
to which, subject to the terms and conditions set forth therein, the Debt Financing Sources have committed to lend the amounts
set forth therein for the purpose of financing the transactions contemplated by this Agreement (&ldquo;<U>Debt Financing</U>&rdquo;).
As of the date hereof, the Debt Commitment Letters are (<U>i</U>) legal, valid and binding obligations of the Purchaser and, to
the knowledge of the Purchaser, each of the other parties thereto and (<U>ii</U>) enforceable in accordance with their respective
terms against the Purchaser and, to the knowledge of the Purchaser, each of the other parties thereto (in each case, subject to
the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization and other similar laws relating to or affecting creditors&rsquo;
rights generally and general principles of equity (whether considered in a proceeding in equity or law)). As of the date hereof,
none of the Debt Commitment Letters has been amended, supplemented or modified, and the respective obligations and commitments
contained in the Debt Commitment Letters have not been withdrawn, terminated, repudiated or rescinded in any respect, and the Debt
Commitment Letters are in full force and effect.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d) As of the date
hereof, the Purchaser has not received any notice or other communication from any party to any of the Commitment Letters with respect
to (<U>i</U>) any actual or potential breach or default on the part of the Purchaser or any other party to any of the Commitment
Letters, (<U>ii</U>) any actual or potential failure to satisfy any condition precedent or other contingency set forth in any of
the Commitment Letters or (<U>iii</U>) any intention of such party to terminate any of the Commitment Letters or to not provide
all or any portion of the Financing. The Purchaser (both before and after giving effect to any &ldquo;market flex&rdquo; provisions
contained in the Commitment Letters): (<U>A</U>) has no reason to believe it will not be able to satisfy on a timely basis each
term and condition relating to the closing or funding of the Financing on the Closing Date; (<U>B</U>) knows of no fact, occurrence,
circumstance or condition that would reasonably be expected to (<U>1</U>) cause any of the Commitment Letters or Financing to terminate,
to be withdrawn, modified, repudiated or rescinded or to be or become ineffective, (<U>2</U>) cause any of the terms or conditions
relating to the closing or funding of any portion of the Financing on the Closing Date not to be met or complied with or (<U>3</U>)
otherwise cause the full amount (or any portion) of the funds contemplated to be available under the Commitment Letters on the
Closing Date to not be available to the Purchaser on a timely basis; and (<U>C</U>) knows of no potential impediment to the funding
of any of the payment obligations of the Purchaser under this Agreement (assuming compliance by the Seller with the provisions
hereof and the accuracy of the representations and warranties made by such Persons herein). As of the date of this Agreement, the
Purchaser is not aware of any fact or occurrence that makes any representation or warranty of the Purchaser in this Agreement or
the Debt Commitment Letters inaccurate (assuming the accuracy of the representations and warranties made by such Persons herein).
The Purchaser has fully paid any and all commitment fees or other fees or deposits required by the Debt Commitment Letters and
Financing to be paid on or before the date of this Agreement, and the Purchaser will pay when due all other commitment or other
fees arising under the Debt Commitment Letters and Financing as and when they become payable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 4.7. <U>Limited
Guaranty</U>. Concurrently with the execution of this Agreement, the Purchaser has delivered to the Seller a limited guaranty executed
by Sponsor (the &ldquo;<U>Limited Guaranty</U>&rdquo;), pursuant to which, and subject to the terms and conditions of which, Sponsor
has guaranteed certain obligations of the Purchaser under this Agreement. The Limited Guaranty is in full force and effect and
is a valid and binding obligation of Sponsor, enforceable against</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Sponsor in accordance
with its terms, subject to the Enforceability Exceptions, and no event has occurred, which, with or without notice, lapse of time
or both, would constitute a default on the part of Sponsor under the Limited Guaranty.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 4.8. <U>Investments</U>.
The Purchaser and its Affiliates do not own any business, Person or assets that would reasonably be expected to create a material
risk of not obtaining any applicable clearance, approval, consent or waiver from any Governmental Authority with respect to the
transactions contemplated by this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 4.9. <U>No
Reliance</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) The Purchaser
is an informed and sophisticated purchaser and has engaged expert advisors who are experienced in the evaluation and purchase of
businesses such as the Business (including the Transferred Assets) as contemplated hereunder, and has had such access to the information,
documents, personnel and properties of the Seller Group as it deems necessary and appropriate to make such independent evaluation
and purchase.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) The Purchaser
has agreed to purchase the Transferred Assets and assume the Assumed Liabilities based on its own inspection, examination and determination
with respect to all matters and without reliance upon any representations, warranties, communications or disclosures of any nature
other than those expressly set forth in <U>Article III</U> of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) Without limiting
the generality of the foregoing, the Purchaser, in entering into this Agreement, acknowledges and agrees that (<U>i</U>) no officer,
agent, advisor, employee or representative of the Seller, any other member of the Seller Group or any of their respective Affiliates
has any authority, express or implied, to make any representations, warranties or agreements not specifically set forth in this
Agreement and subject to the limited remedies provided herein, (<U>ii</U>) the Purchaser is relying solely on the representations
and warranties set forth in this Agreement and (iii) except as expressly set forth in <U>Article III</U> of this Agreement (as
qualified by the disclosure in the Disclosure Schedules), no member of the Seller Group and no other Person makes any representation
or warranty, express or implied, with respect to, and the Purchaser expressly disclaims any reliance on (in each case except to
the extent such information is also expressly set forth in <U>Article III</U> of this Agreement (as qualified by the disclosure
in the Disclosure Schedules)), (<U>A</U>) any information included in information packages delivered to the Purchaser related to
the Business (including the Transferred Assets) or other matters; (<U>B</U>) any information, written or oral and in any form provided,
made available to it or any of its agents, advisors, employees or representatives; (<U>C</U>) any projections, estimates or budgets
delivered to or made available to it or any of its agents, advisors, employees or representatives, or which is made available to
it or any of its agents, advisors, employees or representatives after the date hereof, or future revenues, expenses or expenditures,
future results of operations (or any component thereof), future cash flows or future financial condition (or any component thereof)
of any member of the Seller Group or the Transferred Assets or the future business and operations of any member of the Seller Group
or the Transferred Assets; (<U>D</U>) the condition of any of the Transferred Assets being transferred hereunder, which the Purchaser
is purchasing on an &ldquo;AS IS, WITH ALL FAULTS&rdquo; basis without any warranties or guarantees of any kind from any member
of the Seller Group; (<U>E</U>) the operation of the Business by the Purchaser after the Closing in any manner; (<U>F</U>) the
probable success or profitability of the ownership, use or operation of the</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Business (including the
Transferred Assets) by the Purchaser after the Closing; or (<U>G</U>) the accuracy or completeness of any other information, written
or oral and in any form provided, or documents previously made available or which is made available after the date hereof to it
or any of its agents, advisors, employees or representatives with respect to any member of the Seller Group, the Transferred Assets
or their respective businesses and operations or other related matters, whether in expectation of the transactions contemplated
by this Agreement or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">Article
V<BR>
<BR>
CERTAIN COVENANTS</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.1. <U>Conduct
of the Business</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) During the period
from the date hereof until the Closing or earlier termination of this Agreement, except (<U>a</U>) as contemplated or required
by this Agreement, (<U>b</U>) as consented to in writing by the Purchaser, which consent shall not be unreasonably withheld, conditioned
or delayed, <U>provided</U> that failure by the Purchaser to respond to any request for consent within five Business Days of receiving
such request shall be deemed to constitute consent, (<U>c</U>) as set forth in Section 5.1 of the Disclosure Schedules, or (<U>d</U>)
as required by applicable Law, the Seller shall, and shall cause the Seller Group (<U>x</U>) to conduct the Business in all material
respects in the ordinary course of business and use commercially reasonable efforts to preserve intact the Business and (<U>y</U>)
not to, with respect to the Business:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i) amend the organizational
documents of the Transferred Entity or (only insofar as such amendment would materially adversely affect the Business) any member
of the Seller Group or subject the Transferred Entity to any bankruptcy, receivership, insolvency or similar proceedings;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii) issue, sell,
pledge, transfer, dispose of or encumber any Transferred Equity Interests or equity interests convertible into or exchangeable
for any other equity interests of the Transferred Entity or permit the Transferred Entity to incur any Indebtedness;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii) make or grant
any general wage or salary increase (other than standard merit increases consistent with past practices not to exceed 2% in the
aggregate) or make any increase in the payments of benefits under any bonus, incentive, insurance, deferred compensation, profit
sharing, pension or other employee benefit plan or program, in each case, other than in the ordinary course of business or pursuant
to existing agreements or commitments or benefit plans or as required by Law;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv) other than with
respect to Contracts of the type described in subsections (vii) and (viii) of <U>Section 3.15(a),</U> (<U>A</U>) enter into any
Contract that would be a Material Contract if entered into prior to the date hereof, or materially amend or modify or consent to
the termination of any Material Contract, in each case, excluding any new Contracts or modifications or amendments to existing
Contracts entered into with customers or suppliers of the Business in the ordinary course of business, Intellectual Property licenses
entered into in the ordinary course of business or lease extensions or similar amendments to leases (including the Morangis Transferred
Real Property Sublease or the Danbury Lease) entered into in the ordinary course of business, or (<U>B</U>) waive or</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">release any material
rights under such Material Contracts other than in the ordinary course of business;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v) enter into or
consummate any transaction involving the acquisition of the business, stock, assets or other properties of any other Person (other
than purchases of Transferred Inventory in the ordinary course of business and capital expenditures identified in a capital expenditures
budget previously provided to the Purchaser);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vi) sell, transfer,
pledge, mortgage, encumber, dispose of or otherwise subject to any Encumbrance (other than Permitted Encumbrances) any assets that
would have been Transferred Assets but for such transaction, other than sales of inventory in the ordinary course of business pursuant
to Contracts in force as of the date hereof;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vii) make any material
change in any method of accounting practices, policies, principles or procedures or auditing practice with respect to the Business
other than those required by GAAP;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(viii) other than
in the ordinary course of business, make any loans, advances or capital contributions to, or investments in, any other Person;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ix) except in the
ordinary course of business or as required under any Business Benefit Plan or applicable Law: (<U>A</U>) adopt, enter into, materially
amend or terminate any Assumed Benefit Plan (or any plan or agreement that would be an Assumed Benefit Plan if in effect on the
date hereof), other than the adoption, entry into, amendment or termination of any Assumed Benefit Plan that is generally applicable
to employees of any member of the Company Group; (<U>B</U>) enter into any severance, retention, change in control, transaction
bonus or similar agreement or arrangement with any Business Employee, or (<U>C</U>) make any change in, or accelerate the vesting
of, the compensation or benefits payable or to become payable to any Business Employee to the extent not required by the terms
of this Agreement or any Business Benefit Plan as in effect on the date of this Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(x) enter into any
employment or consulting agreement with any person with an annual base salary or compensation greater than $150,000;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xi) announce, implement,
or effect any material reduction in labor force, lay-off, early retirement program, severance program or other program or effort
concerning the termination of employment of employees of the Business other than routine employee termination;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xii) delay, defer
or fail to make any capital expenditure that would otherwise have been made in the ordinary course of business consistent with
past practice;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xiii) make any material
change in the manner in which it manages its working capital, including any material change in the payment of accounts payable,
the collection of accounts receivable or the maintenance of inventory levels;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xiv) enter into
any Seller Guarantee or permit or cause the Transferred Entity to enter into any letter of credit, guarantee, surety bond, performance
bond, net worth maintenance</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">agreement, reimbursement
obligation, letter of comfort or other financial assurance obligation that would have been required to be disclosed in Section
3.27 of the Disclosure Schedules if it had been entered into prior to the date hereof; or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(xv) authorize, commit
or agree to take any of the foregoing actions in respect of which it is restricted by the provisions of this <U>Section 5.1</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) For the avoidance
of doubt, nothing contained in this Agreement is intended to give the Purchaser, directly or indirectly, the right to control the
Seller Group&rsquo;s business, including, prior to the Closing, the Business. Prior to the Closing, the Seller Group shall exercise,
consistent with the terms and conditions of this Agreement, complete control and supervision over its businesses and operations.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) From and after
the Effective Time through the Closing, the Seller shall (i) continue to be bound by the provisions of <U>Section 5.1(a)</U> and
(ii) cause the Transferred Entity not to dividend, distribute or otherwise transfer to any member of the Seller Group any Cash
of the Transferred Entity.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.2. <U>Confidentiality;
Access to Information</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) The parties acknowledge
that the information being made available to them by any member of the Seller Group (or its agents or representatives) is subject
to the terms of a confidentiality agreement dated November 30, 2017 by and between Platinum Equity Advisors, LLC and the Seller
(the &ldquo;<U>Confidentiality Agreement</U>&rdquo;), the terms of which are incorporated herein by reference. Effective upon,
and only upon, the Closing, the terms of the Confidentiality Agreement will terminate solely with respect to information relating
to the Business; <U>provided</U> that the Purchaser acknowledges that any and all other information provided or made available
to it or its representatives concerning any member of the Seller Group or any Affiliate of any member of the Seller Group will
remain subject to the terms and conditions of the Confidentiality Agreement and all other provisions of the Confidentiality Agreement
shall survive in accordance with its terms after the Closing. Notwithstanding any provision of the Confidentiality Agreement, the
Seller hereby consents to the disclosure by the Purchaser to the Debt Financing Sources of any confidential information as to which
disclosure would otherwise be limited under the Confidentiality Agreement, subject to the requirement that the Debt Financing Sources
be informed of the Purchaser&rsquo;s confidentiality obligations with respect thereto under the Confidentiality Agreement and agree
with the Purchaser to be bound by such confidentiality obligations.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) From the date
hereof until the Closing Date or earlier termination of this Agreement, to the extent permitted by Law, the Seller shall, and shall
cause the other members of the Seller Group to, provide the Purchaser and its representatives with such reasonable access to the
facilities of the Business, the Business&rsquo;s principal personnel and the books and records pertaining to the Business as the
Purchaser may reasonably request in writing in order to effectuate the transactions contemplated hereby, without charge to the
Purchaser (but otherwise at the Purchaser&rsquo;s expense); <U>provided</U> that (<U>i</U>) certain materials subject to confidentiality
obligations or attorney-client privilege, or which may not be shared with the other party pursuant to applicable Law, have not
been and will not be so delivered or made available to the Purchaser</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">or its representatives,
(<U>ii</U>) neither the Purchaser nor any of its representatives shall conduct any invasive investigation, testing or sampling
of any environmental media and (<U>iii</U>) such access will be requested in writing with reasonable advance notice and exercised
during normal business hours and without causing unreasonable interference with the operations of the Business. The Purchaser and
its representatives shall not contact any suppliers, customers, landlords and other business relations or employees of the Business
without the Seller&rsquo;s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Without
limiting the foregoing, promptly following the date hereof, the Seller shall provide the Purchaser with an electronic copy of the
virtual data room maintained by Intralinks in connection with the transactions contemplated by this Agreement as it existed as
of the close of business on the day prior to the date hereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) Without limiting
the generality of the foregoing, the Seller and the Purchaser shall cooperate in good faith to (i) assist the Purchaser to develop
the stand-alone capability to provide payroll services following the Closing, (ii) test the effectiveness of the Seller&rsquo;s
consolidation and data migration solution and (iii) facilitate the parties&rsquo; joint efforts to enable the Business to operate
on a stand-alone basis following the Closing; provided, that the Seller shall not be required to take any such action requested
by the Purchaser pursuant to this <U>Section 5.2(c)</U> if such action would require the Seller or any of its Affiliates to incur
any out-of-pocket fees or expenses unless the Purchaser agrees to reimburse the Seller or such Affiliate for such fees or expenses.
In connection with assisting the Purchaser to develop the stand-alone capability to provide payroll services following the Closing,
the Seller shall, to the extent permitted by applicable Law, authorize Automatic Data Processing, Inc. to transfer to the Purchaser
such information as the Purchaser may reasonably request in writing, such authorization to be provided no later than three (3)
Business Days after the Purchaser&rsquo;s request.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.3. <U>Publicity</U>.
From the date hereof until the Closing or earlier termination of this Agreement, the Purchaser and the Seller shall not, and each
shall cause its Affiliates and its and their representatives not to, issue any press release or public announcement concerning
this Agreement or the transactions contemplated hereby, without obtaining the prior written approval of the other party hereto,
which approval will not be unreasonably withheld or delayed, unless, in the reasonable judgment of the Purchaser or the Seller,
disclosure is otherwise required by applicable Law or the rules of any stock exchange, as applicable; <U>provided</U> that, to
the extent required by applicable Law or by the rules of any stock exchange, the party intending to make such release or announcement
shall use its commercially reasonable efforts, consistent with such applicable Law, to consult with the other party with respect
to the text thereof; <U>provided</U>, <U>further</U>, that no party shall be required to obtain consent pursuant to this <U>Section
5.3</U> to the extent any proposed release or announcement is consistent with information that has previously been made public
without breach of the obligations under this <U>Section 5.3</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.4. <U>Post-Closing
Access</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) The Seller shall,
and shall cause each other member of the Seller Group to, use commercially reasonable efforts to deliver or cause to be delivered
to the Purchaser at the Closing all properties, books, records, Contracts, information and documents in the Seller&rsquo;s, such
member of the Seller Group&rsquo;s or any of their respective Affiliates&rsquo; possession relating to the Business that are part
of the Transferred Assets. As soon as is reasonably practicable after the</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Closing, the Seller shall,
and shall cause each other member of the Seller Group to, deliver or cause to be delivered to the Purchaser any remaining properties,
books, records, Contracts, information and documents relating to the Business that are part of the Transferred Assets that are
not already in the possession or control of the Purchaser.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) The Purchaser
agrees that it will, and will cause its Subsidiaries to, preserve and keep the books of accounts and financial and other records
held by it relating to the Business (including accountants&rsquo; work papers) for a period of seven years from the Closing Date;
<U>provided</U> that, prior to disposing of any such records after such period, the applicable Person shall provide written notice
to the Seller of its intent to dispose of such records and shall provide the Seller with the opportunity to take ownership and
possession of such records (at the Seller&rsquo;s sole expense) within 30 days after such notice is delivered. If the Seller does
not confirm its intention in writing to take ownership and possession of such records within such 30-day period, the Person who
possesses the records may proceed with the disposition of such records.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) The Seller and
the Purchaser shall make, or cause to be made, all records and other information relating to the Business and all employees and
auditors (including by making them available for depositions, interrogatories, testimony, investigation and preparation in connection
with any legal or arbitration proceeding) available to the other, as may be reasonably required by such party, and at the sole
expense of the requesting party, (<U>i</U>) in connection with any audit or investigation of, insurance claims by, legal proceedings
against, disputes involving, or governmental investigations of, the Seller or the Purchaser or any of their respective Affiliates,
(<U>ii</U>) in order to enable the Seller or the Purchaser to comply with its obligations under this Agreement and each other agreement,
document or instrument contemplated hereby or thereby or (<U>iii</U>) for any other reasonable business purpose relating to the
Seller, the Purchaser or any of their respective Affiliates, but excluding, in each case, any dispute between the Seller or any
of its Affiliates, on the one hand, and the Purchaser or any of its Affiliates, on the other hand, except as would be required
by applicable civil process or applicable discovery rules</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d) Promptly following
the Closing, the Seller shall provide the Purchaser with an electronic copy of the virtual data room maintained by Intralinks in
connection with the transactions contemplated by this Agreement as it existed as of the close of business on the day prior to the
Closing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.5. <U>Governmental
Approvals and Notifications</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) Without limiting
the Purchaser&rsquo;s obligations set forth in this <U>Section 5.5</U>, each of the parties agrees to use its reasonable best efforts
to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable to consummate
and make effective as promptly as practicable the transactions contemplated by this Agreement. The parties hereto shall cooperate
to make, in the most expeditious manner practicable, all filings and applications with and to, and obtain all licenses, permits,
consents, waivers, approvals, authorizations, qualifications and orders of, applicable Governmental Authorities to consummate the
transactions contemplated by this Agreement (including under applicable Antitrust Laws). In furtherance of the foregoing:</P>




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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) The parties hereto
shall (<U>i</U>) file or cause to be filed as promptly as practicable, but in no event later than ten Business Days following the
execution and delivery of this Agreement, with any applicable Governmental Authority all notification and report forms that may
be required for the transactions contemplated hereby and thereafter provide as promptly as practicable any supplemental information
requested in connection therewith pursuant to any Antitrust Law and (<U>ii</U>) include in each such filing, notification and report
form referred to in the immediately preceding clause (i) a request for early termination or acceleration of any applicable waiting
or review periods, to the extent available under the applicable Antitrust Law. In connection therewith, each party hereto shall
(<U>A</U>) furnish to the other parties such necessary information and reasonable assistance as any such other party may reasonably
request in connection with its preparation of any filing or submission that is necessary under any Antitrust Law, (<U>B</U>) subject
to applicable Laws, provide the other party with a draft of any filing or submission and a reasonable opportunity to review such
draft before making or causing to be made such filing or submission (provided, however, that confidential information pertaining
to each party may be withheld or redacted as appropriate), and consider in good faith the views of such other party regarding such
filing or submission, (<U>C</U>) not extend any applicable waiting or review periods or enter into any agreement with a Governmental
Authority to delay or not to consummate the transactions contemplated hereby to be consummated on the Closing Date, except with
the prior written consent of the other parties, (<U>D</U>) not have any substantive contact with any Governmental Authority in
respect of any filing or proceeding contemplated by this <U>Section 5.5(b)</U>, unless such party has engaged in prior consultation
with the other party and, to the extent permitted by such Governmental Authority, given the other party the opportunity to participate
and (<U>E</U>) keep the other party apprised of the status of any communications with, and any inquiries or requests for additional
information from, any applicable Governmental Authority (subject to redaction of any provided materials with respect to any confidential
information).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) The Purchaser
further agrees to take, and to cause its Affiliates to take, any action to avoid or eliminate each and every impediment that may
be asserted by any Governmental Authority with respect to the transactions contemplated by this Agreement so as to enable the Closing
to occur as soon as reasonably possible, including (<U>i</U>) the prompt use of its best efforts to avoid the entry of, or to effect
the dissolution of, any permanent, preliminary or temporary injunction or other order, decree, decision, determination or judgment
that would delay, restrain, prevent, enjoin or otherwise prohibit consummation of the transactions contemplated by this Agreement,
including (<U>A</U>) the defense through litigation on the merits of any claim asserted in any court, agency or other proceeding
by any Person, including any Governmental Authority, seeking to delay, restrain, prevent, enjoin or otherwise prohibit consummation
of such transactions, (<U>B</U>) the proffer and agreement by the Purchaser or its Affiliates of its willingness to sell, lease,
license or otherwise dispose of, or hold separate pending such disposition, and promptly to effect the sale, lease, license, disposal
and holding separate of, such assets, rights, product lines, categories of assets or businesses or other operations or interests
therein of the Purchaser or any of its Affiliates (including, after the Closing, the Transferred Assets and the Transferred Entity)
(and the entry into agreements with, and submission to orders of, the relevant Governmental Authority giving effect thereto) no
later than 60 days from the date of this Agreement and (<U>C</U>) the proffer and agreement by the Purchaser and its Affiliates
of their willingness to take such other actions, and promptly to effect such other actions (and the entry into agreements with,
and submission to orders of, the relevant Governmental Authority giving</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">effect thereto) no later
than 60 days from the date of this Agreement, in each case if such action should be reasonably necessary or advisable to avoid,
prevent, eliminate or remove the actual, anticipated or threatened (<U>1</U>) commencement of any proceeding in any forum or (<U>2</U>)
issuance of any order, decree, decision, determination or judgment that would delay, restrain, prevent, enjoin or otherwise prohibit
consummation of the transactions contemplated by this Agreement by any Governmental Authority and (<U>ii</U>) the prompt use of
its best efforts to take, in the event that any permanent, preliminary or temporary injunction, decision, order, judgment, determination
or decree is entered or issued, or becomes reasonably foreseeable to be entered or issued, in any proceeding or inquiry of any
kind that would make consummation of the transactions contemplated by this Agreement in accordance with its terms unlawful or that
would delay, restrain, prevent, enjoin or otherwise prohibit consummation of the transactions contemplated by this Agreement, any
and all steps (including the appeal thereof and the posting of a bond) necessary to resist, vacate, modify, reverse, suspend, prevent,
eliminate or remove such actual, anticipated or threatened injunction, decision, order, judgment, determination or decree so as
to permit such consummation on a schedule as close as possible to that contemplated by this Agreement; provided, however, that
the Purchaser shall not be required to take any action pursuant to this <U>Section 5.5(c)</U> that would reasonably be expected
to result in a material adverse effect on the assets, financial condition or operations of the Business, taken as a whole.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)  Nothing in <U>Section
5.5(c)</U> shall obligate the Purchaser or its Affiliates to agree to any divestitures or other remedy not conditioned on the consummation
of the Closing. Neither the Purchaser nor the Seller shall, nor shall the Purchaser or the Seller permit any of their respective
Subsidiaries to, acquire or agree to acquire any business, Person or division thereof, or otherwise acquire or agree to acquire
any assets, if the entering into of a definitive agreement relating to or the consummation of such acquisition would reasonably
be expected to materially increase the risk of not obtaining the applicable clearance, approval, consent or waiver from any Governmental
Authority with respect to the transactions contemplated by this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e) The filing fees
under Antitrust Laws and all other applicable Laws shall be borne by the Purchaser.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.6. <U>Third-Party
Consents</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) Prior to the
Closing, the Purchaser and the Seller shall, and the Seller shall cause each other member of the Seller Group to, use commercially
reasonable efforts to obtain, or cause to be obtained, all consents required in connection with the consummation of the transactions
contemplated by this Agreement, including all required consents under Transferred Business Contracts and the Morangis Transferred
Real Property Sublease and the Danbury Lease, but excluding consents of Governmental Authorities, which are governed by <U>Section
5.5</U>; <U>provided</U> that (<U>i</U>) neither the Purchaser nor any member of the Seller Group shall be obligated to pay any
consideration to any third party from whom consent is requested; and (<U>ii</U>) obtaining any such consents shall not be a condition
to Closing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) The Purchaser
and the Seller shall, and the Seller shall cause each other member of the Seller Group to, use commercially reasonable efforts
after the Closing Date to obtain any consents, approvals or authorizations of any third parties that are not obtained prior to
the Closing Date and that are required in connection with the transactions contemplated by this</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Agreement; <U>provided</U>
that neither the Purchaser nor any member of the Seller Group (nor any of their respective Affiliates) shall be obligated to pay
any consideration to any third party from whom consent is requested.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.7. <U>Shared
Contracts</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) From the date
hereof until the Closing, upon the Purchaser&rsquo;s reasonable request, with respect to any Shared Contract that is not a Transferred
Business Contract, the Seller and the Purchaser shall use, and shall cause their respective Affiliates to use, commercially reasonable
efforts to cause the counterparty to such Shared Contract (<U>i</U>) to enter into a new contract with the Purchaser or any designee
of the Purchaser, on terms substantially similar in all material respects to those contained in such Shared Contract, in order
for the Business to receive the applicable benefits under such Shared Contract (each such new contract, a &ldquo;<U>New Contract</U>&rdquo;),
it being understood that a New Contract will not necessarily contain the same terms as the Shared Contract to which it relates,
or (<U>ii</U>) if practicable, and (subject to any required third-party consents or notices and any restrictions imposed by applicable
Law), to assign to the Purchaser or any designee of the Purchaser the benefits and obligations under such Shared Contract to the
extent relating to the Business; <U>provided</U>, that no member of the Seller Group shall be required to assign any such benefits
and obligations under any Shared Contract if doing so would reasonably be anticipated to materially and adversely affect the rights
of such member of the Seller Group thereunder. In connection with the entering into of New Contracts, the Seller and the Purchaser
shall use, and shall cause their respective Affiliates to use, reasonable best efforts to ensure that each member of the Seller
Group and its Affiliates are released by such counterparty with respect to all liabilities and obligations relating to the Business
and arising after the Closing and the Purchaser shall indemnify and hold harmless the applicable member of the Seller Group from
and against all Losses to the extent arising from or relating to the obligations of the Purchaser or the Business under any New
Contract.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) If, prior to
the Closing, the parties are not able, with respect to any such Shared Contract, to obtain a New Contract in respect of such Shared
Contract or to assign to the Purchaser or its designee the benefits and obligations of such Shared Contract to the extent relating
to the Business, then for a period of six months following the Closing, (i) the Seller and the Purchaser shall continue to use
commercially reasonable efforts to cause such counterparty to enter into such a New Contract or so assign such benefits and obligations
under such Shared Contract and (<U>ii</U>) until such time as such a New Contract is executed or such benefits and obligations
under such Shared Contract are so assigned, the Seller and the Purchaser shall enter into such reasonable and lawful arrangements
reasonably satisfactory to both parties as shall provide the applicable rights and benefits of such Shared Contract to the Purchaser
or its designee, and shall require the Purchaser or its designee to pay or satisfy the corresponding liabilities and obligations
with respect to such Shared Contract, in each case to the same extent as if such a New Contract had been executed or such benefits
and obligations had been so assigned as of the Closing. The parties shall use commercially reasonable efforts to structure the
provision of the benefits of any Shared Contract to Purchaser in a manner that does not result in any member of the Seller Group
or any of their Affiliates recognizing net taxable income (taking into account any deductions available for payments made to Purchaser)
with respect to such structure, <U>provided</U>, that if notwithstanding such efforts any member of the Seller Group or any of
their Affiliates recognizes net taxable income as a result of such structure, then the amount</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">payable by Seller shall
be reduced by 25.5% of such net taxable income, and provided further, that the foregoing shall not prevent any member of the Seller
Group or any of their Affiliates from reporting net taxable income arising from such structure on its Tax returns as required by
applicable Law as reasonably determined by Seller. Notwithstanding the six month time period specified in the first sentence of
this <U>Section 5.7(b)</U>, with respect to any Shared Contract that is a Contract with a Governmental Authority, the reasonable
and lawful arrangement contemplated by this <U>Section 5.7(b)</U> shall continue until the end of the term of such Shared Contract
as in effect on the Closing Date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) Notwithstanding
anything to the contrary in this Agreement, except as provided in the final sentence of <U>Section 5.7(b)</U>, no member of the
Seller Group shall have any obligation under this <U>Section 5.7</U> following the first anniversary of the Closing Date. No member
of the Seller Group shall be required to make any expenditure or incur any liability in connection with any such activities described
in this <U>Section 5.7</U>, unless reimbursed by the Purchaser for the full amount of any such expenditure or liability (for actual
costs only). The Purchaser acknowledges that no member of the Seller Group shall have any liability or obligation with respect
to any New Contract or failure to obtain any New Contract.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d) From the date
hereof through the Closing, neither the Seller nor any of its Affiliates will enter into any new Contract that would constitute
a Shared Contract without prior consultation with the Purchaser as to the provisions of such Shared Contract that will affect the
Business and without the Purchaser&rsquo;s prior written consent, which consent shall not be unreasonably withheld, conditioned
or delayed.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.8. <U>Further
Action; Accounts Payable; Payments Made</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) From time to
time after the Closing Date, and for no further consideration, the Purchaser and the Seller shall, and to the extent any Transferred
Assets or Assumed Liabilities are held by any other member of the Seller Group, the Seller shall cause such other member of the
Seller Group to, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such assignments, transfers,
consents, assumptions and other documents and instruments and take such other actions as may reasonably be necessary to appropriately
consummate the transactions contemplated hereby, including (<U>i</U>) transferring back to the Seller (or applicable member of
the Seller Group) any asset or Liability that was not contemplated by this Agreement to be transferred to the Purchaser at the
Closing but was so transferred at the Closing and (<U>ii</U>) transferring to the Purchaser any asset or Liability contemplated
by this Agreement to be transferred to the Purchaser that was not so transferred at the Closing. Without limiting the generality
of the foregoing, from time to time after the Closing Date, if Seller intends to enforce a patent included in the Transferred Intellectual
Property, Seller shall take any action reasonably requested by the Purchaser to resolve any issues with respect to the chain of
title with respect to such patent, provided that the Seller and the Purchaser shall each bear one-half of any third party out-of-pocket
fees and expenses (i.e., not including any charges for internal personal or other internal resources) reasonably incurred in taking
such action, and further provided that Seller shall be deemed to have discharged its obligations pursuant to this sentence (and
shall not be obligated to bear any out-of-pocket fees or expenses) if it provides Purchaser with an employment or consultant agreement
for the applicable inventor that includes a general assignment of such inventor&rsquo;s work product.</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) In the event
that any member of the Seller Group (excluding, for the avoidance of doubt, the Transferred Entity) pays, on or after the Closing
Date, any account payable that constitutes an Assumed Liability, such member of the Seller Group shall be entitled to be reimbursed
by the Purchaser in full for such payment. The applicable member of the Seller Group may deliver notice claiming reimbursement,
together with reasonable supporting documentation that such payment was made, to the Purchaser, and the Purchaser shall, within
five Business Days of receiving such notice, reimburse such member of the Seller Group in full for such payment.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) The Seller, on
the one hand, and the Purchaser, on the other hand, agree that, after the Closing Date, they shall hold and shall promptly (and
in any event within ten (10) Business Days after receipt) transfer and deliver or cause to be delivered to the Purchaser or the
Seller, as applicable, from time to time as and when received by either of them, any cash, checks with appropriate endorsements
(using commercially reasonable efforts not to convert such checks into cash), or other property that either of them may receive
after the Closing Date which property belongs to the other party, including any payments of accounts receivable, and shall account
to the other party for all such receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d) In the event
of a dispute between the parties regarding the Seller&rsquo;s or the Purchaser&rsquo;s obligations under Section 5.8(b) or Section
5.8(c), the parties shall cooperate and act in good faith to promptly resolve such dispute and, in connection with such cooperation,
allow each other reasonable access to the records of the other relating to such disputed item.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.9. <U>Expenses</U>.
Whether or not the transactions contemplated hereby are consummated, all costs and expenses incurred in connection with this Agreement
and the transactions contemplated hereby shall be paid by the party hereto incurring such expenses.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.10. <U>Employees
and Employee Benefit Plans</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) <U>Business Employee
List</U>. The Seller shall deliver to the Purchaser an update to the Business Employee List at a reasonable time prior to the Closing
Date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) <U>Continuation
of Employment</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i) Where applicable
Law provides for the automatic transfer of employment of any Business Employee upon the consummation of the Closing, the parties
(<U>A</U>) shall take or cause to be taken such actions as are required under applicable Law to accomplish such transfer of employment
of such Business Employee to the Purchaser or an Affiliate of the Purchaser by operation of Law as of the Closing and (<U>B</U>)
shall not take and shall not cause to be taken any such actions that would result in the employment of such Business Employee not
transferring to the Purchaser by operation of Law as of the Closing. Where applicable Law does not provide for the automatic transfer
of employment of any Business Employee upon the consummation of the Closing, the Purchaser shall make offers of employment to such
Business Employee (which offers may be of at-will employment to the extent permitted by applicable Law) in accordance with the
provisions of this <U>Section 5.10</U>, to be effective as of the Closing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii) The parties
acknowledge that the transfer of the portions of the Business conducted by the Seller Group in the European Union (&ldquo;<U>EU</U>&rdquo;)
and certain other countries</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">constitutes a transfer
of business within the meaning of EU Council Directive 2001/23/EC, the national Laws implementing the same or any similar Laws
applicable in non-EU jurisdictions, and each Business Employee with respect to such portions of the Business shall be referred
to herein as a &ldquo;<U>European Employee</U>.&rdquo; Subject to <U>Section 5.10(b)(iii)</U> below, the parties further acknowledge
that, as a result, the employment of the European Employees, including all related rights and obligations, will transfer by operation
of Law to the Purchaser, as applicable, as of the Closing Date, except with respect to any European Employee who timely exercises
his or her rights, if any, under any applicable Law to prevent such transfer from occurring. Each European Employee or other Business
Employee whose employment transfers automatically to the Purchaser by operation of Law, together with each other Business Employee
of the Transferred Entity, is referred to herein as an &ldquo;<U>Automatic Transferred Employee</U>.&rdquo; The Purchaser will
assume by operation of Law, as of the Closing, all Liabilities with respect to the Automatic Transferred Employees except to the
extent otherwise provided in this <U>Section 5.10</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii) The parties
will use their commercially reasonable efforts to obtain the approval of the applicable Governmental Authority or any labor authority
as may be required for the transfer of the Automatic Transferred Employees, if any, who are &ldquo;protected employees&rdquo; under
applicable Law. If any Business Employee requires a work permit or employment pass or other legal or regulatory approval for his
or her employment with the Purchaser, the Purchaser shall use its commercially reasonable efforts to cause any such permit, pass
or other approval to be obtained and in effect prior to the Closing Date. In the event any such permit, pass or other approval
is not obtained and in effect prior to the Closing Date, the Purchaser shall use its commercially reasonable efforts to cause any
such permit, pass or other approval to be obtained as soon as reasonably practicable thereafter.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c) <U>Offers of
Employment</U>. Each Business Employee (other than Business Employees who are on long-term disability or other long term leave
of absence) who is not an Automatic Transferred Employee is referred to herein as an &ldquo;<U>Offer Employee</U>&rdquo;. The Purchaser
shall, or shall cause one of its Affiliates make an offer of employment to such Offer Employee (which offer may be of at-will employment
to the extent permitted by applicable Law), at least fifteen (15) days prior to the anticipated Closing Date (or such longer period
as may be required by applicable Law, the terms of any applicable Labor Contract or the Severance Obligations), with such employment
to be effective as of the Closing Date. Any such offer of employment shall (<U>i</U>) comply with applicable Law, any applicable
Labor Contract and this <U>Section 5.10</U> and (<U>ii</U>) provide for terms and conditions of employment which, in the case of
each Business Employee are sufficient to avoid Severance Obligations. Each such Offer Employee who accepts such offer of employment
from the Purchaser, collectively with each Automatic Transferred Employee, is referred to herein as a &ldquo;<U>Transferred Employee</U>&rdquo;.
The Seller shall retain all Liabilities with respect to any Offer Employee who does not accept an offer of employment that complies
with the terms of this Agreement. <FONT STYLE="color: black">Except as otherwise specifically provided in this </FONT><U>Section
5.10</U><FONT STYLE="color: black"> or to the extent required by applicable Law, effective as of the day after the Closing Date
(or such later date on which a Transferred Employee commences employment with the Purchaser), the Transferred Employees shall cease
(i) all active participation in and accrual of benefits under the Business Benefit Plans, other than any such plan that is </FONT>sponsored,
maintained, contributed to or required to be contributed to by the Transferred Entity and (ii) receiving payment of their wages
from the Seller Group<FONT STYLE="color: black">. If and to the extent that any Business Employee who is on long-term disability
or other long-term leave of absence as of the Closing</FONT></P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Date but who would otherwise
have been an Offer Employee is able to return to active employment within 180 days of the Closing Date, the Purchaser shall make
such Business Employee an offer of employment as provided above and, if accepted, such Business Employee will become a Transferred
Employee from and after the date that his or her employment with the Purchaser or any of its Affiliates commences as provided in
such offer.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d) <U>Continuation
of Compensation and Benefits. </U>Until the later of December 31, 2018 (or, if the Closing occurs after July 31, 2018, until six
(6) months after the Closing Date, or, in any event, for such longer period as is required by applicable Law), the Purchaser shall
provide to each Transferred Employee (<U>i</U>) a base salary or base wages (including, in the case of persons receiving commission
based income, the rate of commissions) and cash incentive compensation opportunities that are no less favorable than those provided
to such Transferred Employee as in effect immediately prior to the Closing Date, (<U>ii</U>) other employee benefits (excluding,
to the extent permitted by applicable Law, equity compensation, defined benefit retirement benefits and retiree life and retiree
medical benefits, other post-employment benefits and long-term incentive or deferred compensation) that are substantially comparable
in the aggregate to those provided to such Transferred Employee as in effect immediately prior to the Closing Date and (<U>iii</U>)
any other additional terms and conditions of employment required by applicable Law. Notwithstanding the foregoing, the compensation
and benefits of Transferred Employees who are covered by a Labor Contract shall be provided in accordance with the applicable Labor
Contract. Except to the extent otherwise provided in a Labor Contract or at applicable Law, nothing contemplated by this Agreement
shall be construed as requiring the Purchaser to be obligated to continue the employment of any Transferred Employee for any period
after the Closing Date or to provide any specific employee benefit; <U>provided</U> that the Purchaser shall provide such Transferred
Employee with pay and benefits to the extent required pursuant to <U>Section 5.10(e)(ii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e) <U>Severance
Obligations</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i) The parties intend
that the transactions contemplated by this Agreement shall not constitute a separation, termination or severance of employment
of any Business Employee prior to or upon the consummation of the Closing and that the Business Employees will have continuous
and uninterrupted employment immediately before and immediately after the Closing Date, and the Purchaser shall comply with any
requirements under applicable Law to ensure the same. The Purchaser shall bear any costs related to, and shall indemnify and hold
harmless the Seller from and against, any claims made by any Business Employee for any Severance Obligations, in each case, arising
out of, relating to or in connection with any of the following: (<U>A</U>) the failure of the Purchaser or any of its Subsidiaries
to make offers of employment to, or continue the employment of, any Business Employee in accordance with this Agreement or as required
by applicable Law or a Labor Contract, (<U>B</U>) any Transferred Employee&rsquo;s transfer (automatic or otherwise) of employment
to or continuation of employment with the Purchaser or any of its Subsidiaries upon the Closing Date or (<U>C</U>) any action taken
on or after the Closing Date by the Purchaser or any of its Subsidiaries to terminate the employment of any Transferred Employee
or which provides such Transferred Employee a right to terminate employment, including in the case of this clause (C), any action
or omission by the Purchaser or any of its Subsidiaries (<U>1</U>) to amend or otherwise modify on or after the Closing Date any
terms and conditions of employment applicable to, or compensation and benefits provided to, any</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Transferred Employee
or (<U>2</U>) that does not comply with applicable Law or the terms of any Assumed Benefit Plans or applicable Labor Contract.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii) Notwithstanding
<U>Section 5.10(d)</U>, the Purchaser shall provide each Transferred Employee whose employment is terminated within twelve (12)
months following the Closing Date (or within such longer period as may be required by applicable Law) with severance and other
separation benefits no less favorable than the severance and other separation benefits which such Transferred Employee would have
been eligible to receive under the Business Benefit Plans as in effect immediately prior to the Closing Date and set forth on Section
5.10(e)(ii) of the Disclosure Schedules.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(f) <U>Prior Service
Credit</U>. From and after the Closing Date, the Purchaser shall, and shall cause its Subsidiaries (including the Transferred Entity)
to, give to each Transferred Employee full credit for all purposes (including for purposes of eligibility to participate, level
of benefits, vacation accrual and other paid time off, severance or separation entitlements, long-service pay, vesting and benefit
accrual) under any employee benefit plan or arrangement provided, maintained or contributed to by the Purchaser or any of its Subsidiaries
(including the Transferred Entity) for such Transferred Employee&rsquo;s service with the Seller Group, and with any predecessor
employer, to the same extent recognized by the Seller Group immediately prior to the Closing Date, except to the extent such credit
would result in the duplication of benefits for the same period of service. Notwithstanding the foregoing, to the extent permitted
under any applicable Law, the Purchaser and its Subsidiaries (including the Transferred Entity) shall not be required to provide
credit for such service for benefit accrual purposes under any employee benefit plan or arrangement of the Purchaser or its Subsidiaries
(including the Transferred Entity) that is a defined benefit pension plan, unless such plan is an Assumed Benefit Plan, or which
would result in a duplication of any benefit otherwise provided under a Business Benefit Plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(g) <U>Cash Incentive
Bonus Plans</U>. Without limiting the generality of <U>Section 5.10(d)</U>, effective as of the Closing Date, the Purchaser shall,
or shall cause its Subsidiaries (including the Transferred Entity) to, assume all liability for and make any and all payments required
with respect to compensation payable in respect of any Transferred Employee (whether relating to periods prior to or following
the Closing Date) under the 2018 fiscal year cash-based bonus or incentive compensation plan or arrangements maintained by any
member of the Seller Group, in each case, in an amount no less than the amount such Transferred Employee would have been eligible
to receive for the applicable performance period had such Transferred Employee remained an employee of such member of the Seller
Group through the requisite date, assuming achievement of applicable goals and conditions at target performance levels, but taking
into account any payments actually received by any Transferred Employee in respect of such arrangements prior to the Closing. The
foregoing notwithstanding, an appropriate accrual shall be included in determining Closing Working Capital for any Liabilities
assumed by the Purchaser or any of its Subsidiaries pursuant to this <U>Section 5.10(g)</U> that is required to be accrued as of
the Effective Time under Accounting Principles.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(h) <U> Certain Welfare
Benefits Matters</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i) Without limiting
the generality of <U>Section 5.10(d)</U>, effective as of immediately following the Closing, the Purchaser shall, and shall cause
its Subsidiaries (including the Transferred Entity) to, have in effect for the benefit of the Transferred Employees employee benefit
plans, programs and arrangements providing medical, dental, vision, health, non-occupational short-term disability and long-term
disability benefits and any other employee benefit plans, programs and arrangements required by applicable Law (collectively, the
&ldquo;<U>Purchaser Welfare Plans</U>&rdquo;). The Purchaser shall, and shall cause its Subsidiaries (including the Transferred
Entity) to, use reasonable best efforts to (<U>A</U>) waive all limitations as to pre-existing conditions, exclusions and waiting
periods and actively-at-work requirements with respect to participation and coverage requirements applicable to the Transferred
Employees and their dependents and beneficiaries under the Purchaser Welfare Plans, to the extent waived under the applicable corresponding
Business Benefit Plan immediately prior to the Closing Date, and (<U>B</U>) provide each Transferred Employee and his or her eligible
dependents and beneficiaries with credit under the Purchaser Welfare Plans for any co-payments and deductibles paid under the applicable
corresponding Business Benefit Plans prior to the Closing Date in the calendar year in which the Closing occurs for purposes of
satisfying any applicable deductible or out-of-pocket requirements (and any annual and lifetime maximums) under any Purchaser Welfare
Plan in which such Transferred Employee participates.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii) From and after
the Closing Date, the Seller Group shall retain all Liabilities with respect to Former Employees who had been employed in the United
States and their eligible dependents and beneficiaries under the welfare benefit plans and programs maintained by any member of
the Seller Group, if and to the extent such persons are participating in such plans and programs under COBRA as of immediately
prior to the Closing Date. From and after the Closing Date, the Purchaser shall be responsible for all Liabilities with respect
to the right of any Transferred Employee whose employment terminates on or after the Closing Date (and any right derived from such
Transferred Employee by his or her eligible dependents and beneficiaries) to health insurance under COBRA and applicable state
or similar law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii) From and after
the Closing Date, the Seller Group shall retain all Liabilities in accordance with the Business Benefit Plans for payment of all
medical, dental, vision and health (collectively, &ldquo;<U>Welfare Benefit Claims</U>&rdquo;) incurred under such plans prior
to the Closing Date with respect to any Transferred Employee (or any dependent or beneficiary thereof), and the Purchaser and its
Subsidiaries (including the Transferred Entity) shall not assume any Liability with respect to such Welfare Benefit Claims, except
to the extent required by applicable Law or to the extent such Welfare Benefit Claims (<U>A</U>) are incurred under any Assumed
Benefit Plan or (<U>B</U>) are insured under an insurance policy in respect of which (<U>1</U>) the Transferred Entity (or, as
of the Closing, the Purchaser or its Subsidiaries) becomes the beneficiary or (<U>2</U>) a Transferred Employee (or any dependent
or beneficiary thereof) is the beneficiary and such insurance policy transfers with such Transferred Employee pursuant to applicable
Law to the Purchaser and its Subsidiaries (including the Transferred Entity) as of the Closing. The Purchaser and its Subsidiaries
(including the Transferred Entity) shall be liable for payment of all Welfare Benefit Claims incurred on or after the Closing Date
with respect to any Transferred Employee (or any dependent or beneficiary thereof), and, from and after the Closing Date, the Purchaser
shall (including the Transferred Entity) cause all such Welfare Benefit Claims to be assumed by and administered under the Purchaser
Welfare Plans.</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i) <U>Tax-Qualified
Savings/401(k) Plan/Seller&rsquo;s Deferred Compensation Plan/Canada Registered Pension Plan</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i) Without limiting
the generality of <U>Section 5.10(d)</U>, effective on or promptly following the Closing Date, the Purchaser or its Subsidiaries
shall have in effect one or more defined contribution plans that include a qualified cash or deferred arrangement within the meaning
of Section 401(k) of the Code (and a related trust exempt from tax under Section 501(a) of the Code) (collectively, the &ldquo;<U>Purchaser
401(k) Plan</U>&rdquo;). Each Transferred Employee participating in a Business Benefit Plan that is a defined contribution plan
that includes a qualified cash or deferred arrangement within the meaning of Section 401(k) of the Code (collectively, the &ldquo;<U>Business
401(k) Plan</U>&rdquo;) immediately prior to the Closing Date shall become a participant in the Purchaser 401(k) Plan as of the
Closing Date <FONT STYLE="color: black">and each other Transferred Employee shall be eligible to participate in the </FONT>Purchaser
<FONT STYLE="color: black">401(k) Plan as of the Closing Date</FONT>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii) The Purchaser
shall cause the Purchaser 401(k) Plan to accept a &ldquo;direct rollover&rdquo; to the Purchaser 401(k) Plan of the account balances
of each Transferred Employee (including promissory notes evidencing all outstanding loans) under the Business 401(k) Plan, if such
direct rollover is elected in accordance with applicable Law by such Transferred Employee.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii) From and after
the Closing Date, the Seller Group shall retain all assets and Liabilities under the nonqualified deferred compensation plan maintained
by the Seller Group for the benefit of the Business Employees in the United States.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv) Without limiting
the generality of <U>Section 5.10(d)</U>, effective on or promptly following the Closing Date, the Purchaser or its Affiliates
shall have in effect a registered pension plan (within the meaning of Section 248(l) of the Income Tax Act (Canada)) in Canada
and each Business Employee who is principally employed in Canada and becomes a Transferred Employee and participates in a registered
pension plan maintained by any member of the Seller Group as of immediately prior to the Closing Date shall become a participant
in the Purchaser&rsquo;s or its Affiliates&rsquo; corresponding registered pension plan in Canada as of the Closing Date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(j) <U>Accrued Vacation</U>.
In the event that any Transferred Employee is entitled under applicable Law or any policy of any member of the Seller Group to
be paid for any vacation days and paid time off days accrued but not yet taken by the Transferred Employees as of the Closing Date
with respect to the calendar year in which the Closing Date occurs or with respect to any prior calendar year (the &ldquo;<U>Accrued
Vacation Days</U>&rdquo;), the Seller shall pay any required amounts to such Transferred Employee. As of the Closing, the Purchaser
shall assume and honor all the Accrued Vacation Days for which payout is not made pursuant to the immediately preceding sentence
and the aggregate dollar value of such Liability shall be accrued as a current liability in determining Closing Working Capital
pursuant to the Accounting Principles.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(k)&nbsp;<U>Seller
Pension Plans</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i)&nbsp;Except
with respect to (<U>A</U>) any assets and Liabilities that will transfer to the Purchaser or its Subsidiaries pursuant to applicable
Law (including through the Transferred Entity) as set forth on Section 5.10(k) of the Disclosure Schedules or (<U>B</U>) any Liabilities
under the defined benefit pension plan set forth on Section 5.10(k) of the Disclosure Schedules (&ldquo;<U>Transferred Pension
Liabilities</U>&rdquo;), (<U>I</U>) from and after the Closing Date, the Seller Group shall retain all assets and Liabilities under
tax-qualified and nonqualified defined benefit and defined contribution pension plans maintained by each member of the Seller Group
for the benefit of the Business Employees, and the Seller Group shall make payments to Transferred Employees with vested rights
or deemed to have vested rights thereunder in accordance with the terms of the applicable plan and applicable Law, as in effect
from time to time and (<U>II</U>) effective as of the Closing Date, each Transferred Employee shall cease active participation
in such plans and service performed for, and compensation earned from, any employer other than a member of the Seller Group (or
their predecessors, to the extent recognized under the applicable plan), shall not be taken into account for any purpose under
the applicable plan.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii)&nbsp;With
respect to the Transferred Pension Liabilities, the Purchaser shall assume or shall cause to be assumed all Liabilities under the
applicable defined benefit plan with respect to the Transferred Employees (and their respective eligible dependents and beneficiaries).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(l)&nbsp;<U>Retiree
Benefits</U>. Except with respect to any Liabilities that transfer to the Purchaser or one of its Subsidiaries pursuant to applicable
Law (including through the Transferred Entity) as set forth on Section 5.10(l) of the Disclosure Schedules, the Seller Group shall
retain all Liabilities in respect of Transferred Employees who meet the minimum age and service eligibility requirements or are
deemed to meet such requirements to receive benefits under the post-retirement health, dental and life insurance plans maintained
by any member of the Seller Group (such plans collectively, the &ldquo;<U>Seller Retiree Welfare Plans</U>&rdquo;) immediately
prior to the Closing. The Seller Group also shall retain all Liabilities under the Seller Retiree Welfare Plans in respect of all
Former Employees and all employees who are not Transferred Employees.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(m)&nbsp;<U>Equity-Based
Compensation</U>. The Seller Group shall retain all Liabilities under the equity-based compensation plans maintained by any member
of the Seller Group for the benefit of the Business Employees and shall take all steps necessary to ensure that all outstanding
awards under any such plans held by any Transferred Employees will vest in full as of the Closing Date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(n)&nbsp;<U>Flexible
Spending Accounts</U>. Effective on or promptly following the Closing Date, the Purchaser shall, or shall cause one of its Subsidiaries
to, have in effect flexible spending arrangements under a cafeteria plan qualifying under Section 125 of the Code (the &ldquo;<U>Purchaser
Flexible Spending Account Plan</U>&rdquo;). From and after the Closing Date, the Purchaser shall be liable for all Liabilities
and account balances of the flexible spending account plan maintained in the United States by each member of the Seller Group with
respect to Transferred Employees and their dependents (the &ldquo;<U>Seller Flexible Spending Account Plan</U>&rdquo;), and all
claims for reimbursement that have not been paid as of the Closing Date shall be paid pursuant to and under the terms of the Purchaser
Flexible Spending Account Plan. As soon as practicable following the Closing Date, (<U>i</U>) the Seller Group shall transfer to
the Purchaser an amount in cash</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">equal to the excess,
if any, of the aggregate contributions to the Seller Flexible Spending Account Plan made by Transferred Employees prior to the
Closing Date for the plan year in which the Closing Date occurs over the aggregate reimbursement payouts made to Transferred Employees
prior to the Closing Date for such year from such plan and (<U>ii</U>) the Purchaser shall cause such amounts to be credited to
each such Transferred Employee&rsquo;s accounts under the Purchaser Flexible Spending Account Plan. In connection with such transfer,
the Purchaser shall deem that such employees&rsquo; deferral elections made under the Seller Flexible Spending Account Plan for
the plan year in which the Closing Date occurs shall continue in effect under the Purchaser Flexible Spending Account Plan for
the remainder of the plan year in which the Closing Date occurs. If the aggregate reimbursement payouts made to Transferred Employees
from the Seller Flexible Spending Account Plan prior to the Closing for the plan year in which the Closing Date occurs exceed the
aggregate accumulated contributions made by the Transferred Employees to such plan prior to the Closing Date for such plan year,
the Purchaser shall make a payment equal to the value of such excess (or the portion thereof able to be funded from such additional
contributions) to the Seller as soon as practicable following the Purchaser&rsquo;s receipt of additional contributions from the
applicable Transferred Employee.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(o)&nbsp;<U>WARN</U>.
The Purchaser agrees to provide, or cause its Affiliates to provide, any required notice under the Worker Adjustment and Retraining
Notification Act of 1988 (&ldquo;<U>WARN</U>&rdquo;) or any similar federal, state or local Law or regulation, and to otherwise
comply with WARN and any other similar Law or regulation, in each case with respect to any &ldquo;plant closing&rdquo; or &ldquo;mass
layoff&rdquo; (as defined in WARN) or group termination or similar event affecting Business Employees (including as a result of
the Acquisition) and occurring on and within ninety (90) days after the Closing Date. None of the Purchaser or any of its Affiliates
shall take any action after the Closing that would cause any termination of employment of any Business Employees that occurs before
the Effective Time to constitute a &ldquo;plant closing&rdquo; or &ldquo;mass layoff&rdquo; or group termination under WARN or
any similar federal, state or local Law or regulation, or to create any liability or penalty to any member of the Seller Group
for any employment terminations under applicable Law. On the Closing Date, the Seller shall notify the Purchaser of any layoffs
of any U.S. Business Employees in the 90-day period prior to the Closing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(p)&nbsp;<U>Employee
Consultations</U>. The Seller shall fully comply with all of its obligations (however arising) to inform and consult with, and
in respect of, the Business Employees, whether the same arises under any employee consultation bodies or applicable Law. The Purchaser
shall take such steps as are required by applicable Law, the terms of any employee consultation bodies, as applicable, or as are
otherwise reasonably required by the Seller to facilitate compliance by the Seller with its obligations to inform and consult.
The Purchaser shall fully comply with all of its obligations (however arising) to inform and consult with, and in respect of,
the Business Employees, whether the same arises under any employee consultation bodies or applicable Law. Section 5.10(p) of the
Disclosure Schedules lists all obligations of any member of the Seller Group or the Purchaser to inform and consult with, and
in respect of, the Business Employees, whether the same arises under any employee consultation bodies or applicable Law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(q)&nbsp;<U>Administration.</U>
Following the date hereof, the parties hereto shall reasonably cooperate in all matters reasonably necessary to effect
the transactions contemplated by this <U>Section 5.10</U>, including exchanging information and data relating to the Business
Employees&rsquo;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">workers&rsquo; compensation,
employee benefits and employee benefit plan coverages (except to the extent prohibited by applicable Law) and encouraging the Business
Employees to accept the Purchaser&rsquo;s offers of employment made pursuant to <U>Section 5.10(c)</U>. Without limiting the generality
of the foregoing, to the extent any of the Transferred Employees are in the United States, the Seller will, and will cause the
other members of the Seller Group to, cooperate with the Purchaser and the Purchaser&rsquo;s agents to provide the Purchaser with
all the Transferred Employees&rsquo; payroll tax records required by federal and state agencies necessary for the Purchaser to
optimize federal and state payroll tax law relating to successor-in-interest transactions, including the transactions contemplated
hereby, such records to include, but not be limited to, the following: (<U>i</U>) an executed release form granting permission
to the Purchaser and its agents to obtain quarterly payroll data relating to the Transferred Employees from all states within which
the Business was conducted by any member of the Seller Group, (<U>ii</U>) when required by state taxing agencies, the Seller will,
and will cause the other members of the Seller Group to, provide signatures (or notarized signatures) necessary to grant permission
for the Purchaser to file for transfers of experience of the Transferred Employees&rsquo; payroll tax accounts in states which
require a signed release by the predecessor member of the Seller Group, and (<U>iii</U>) if the Seller or any member of the Seller
Group used an outside payroll tax administrator, then the Seller will provide the Purchaser with a contact person at such payroll
vendor and hereby grants, and shall cause each member of the Seller Group to grant, the Purchaser permission to have access to
relevant successor-in-interest reports from the payroll vendor to the extent related to the Transferred Employees.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(r)&nbsp;<U>Employee
Records.</U> As of the Closing Date, the Seller shall provide to the Purchaser, to the extent permitted by applicable Law and
Contract, all employee records reasonably necessary to administer the compensation and benefits of the Transferred Employees
under any Assumed Benefit Plan or other employee benefit plan, agreement or arrangement. The Purchaser shall ensure that all
such records are used only in connection with the employment of such Transferred Employee and shall keep such employment
records confidential, and shall indemnify and hold harmless the members of the Seller Group from and against any statutory,
common Law or other claims that arise from the use by the Purchaser of such employment records from and after the Closing
Date other than for lawful employment or compensation-related purposes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(s)&nbsp;<U>Employee
Leasing Arrangement</U>. Prior to the Closing, Purchaser shall use its best efforts to develop the stand-alone capability to provide
payroll services (&ldquo;<U>Payroll Services</U>&rdquo;) for the Business in the United States immediately following the Closing.
If, after the Purchaser&rsquo;s best efforts, the Purchaser is unable to develop Payroll Services in the United States fifteen
(15) days prior to the Closing, the Parties will enter into an Employee Leasing Agreement in substantially the form attached hereto
as <U>Exhibit D</U> (the &ldquo;<U>Employee Leasing Agreement</U>&rdquo;). Following the expiration of the Employee Leasing Agreement,
if the Employee Leasing Agreement is entered into, Purchaser shall, or shall cause its Affiliates to, offer employment to each
U.S. Business Employee in accordance with the provisions of this <U>Section 5.10</U> and the Employee Leasing Agreement, with such
employment to be effective as of the first day following the expiration of the Employee Leasing Agreement. If the Employee Leasing
Agreement is entered into by the Parties, the term &ldquo;Transferred Employees&rdquo; shall be deemed to exclude the U.S. Business
Employees on the Closing Date, but shall be deemed to include the</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">U.S Business Employees
on the first day following the expiration of the Employee Leasing Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(t)&nbsp;<U>No
Third Party Beneficiaries.</U> No provision of this <U>Section 5.10</U> shall create any third party beneficiary rights in
any current or former employee (including any beneficiary or dependent thereof) of any member of the Seller Group (including
the Transferred Entity). Nothing herein shall (<U>i</U>) guarantee employment for any period of time or preclude the ability
of the Purchaser and its Subsidiaries (including the Transferred Entity) to terminate the employment of any Transferred
Employee at any time and for any reason, (<U>ii</U>) require the Purchaser or its Subsidiaries to continue any employee
benefit plans or arrangements or prevent the amendment, modification or termination thereof after the Closing Date or
(<U>iii</U>) amend any Business Benefit Plan or other employee benefit plans or arrangements.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.11.&#9;<U>French
Put Option</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&nbsp;Notwithstanding
any other provision of this Agreement, this Agreement shall not constitute a binding agreement to sell or purchase the French Business
until the French Put Option is exercised.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&nbsp;In
the event that the French Put Option is exercised at or prior to Closing, this <U>Section 5.11</U> shall terminate and shall cease
to have effect with respect to the French Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&nbsp;In
the event that the French Put Option is not exercised at or prior to Closing:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i)&nbsp;The
Disapplied Provisions shall not apply to the French Business at the Closing;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii)&nbsp;in
respect of the Disapplied Provisions, (<U>A</U>) the term &ldquo;Business&rdquo; shall be deemed to exclude the French Business,
(B) the term &ldquo;Transferred Assets&rdquo; shall be deemed to exclude the French Transferred Assets (including for purposes
of calculating Closing Working Capital), the Transferred Equity Interests and the other assets referred to in <U>Section 1.2(a)(xiv)</U>,
(<U>C</U>) the term &ldquo;Assumed Liabilities&rdquo; shall be deemed to exclude the French Assumed Liabilities (including for
purposes of calculating Closing Working Capital) and (<U>D</U>) the term &ldquo;Transferred Employees&rdquo; shall be deemed to
exclude the applicable French Put Option Employees, in each case, as of the Closing;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii)&nbsp;(<U>A</U>)
the amount of Closing Cash shall be deemed to be zero and (<U>B</U>) the amount of Transferring Indebtedness of the Transferred
Entity and any other Transferring Indebtedness of the French Business shall be deemed to be zero;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv)&nbsp;the
Closing Purchase Price to be paid at Closing shall be reduced in the amount set forth in Section 5.11(c)(iv) of the Disclosure
Schedules (the &ldquo;<U>Put Option Price</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v)&nbsp;upon
exercise by the Seller of the French Put Option prior to the Expiry Date, the Purchaser shall purchase the French Business at a
price (the &ldquo;<U>Estimated French Business Price</U>&rdquo;) equal to the Put Option Price <U>plus</U> (<U>A</U>) Estimated
Closing Cash, <U>plus</U> (<U>B</U>) the Seller&rsquo;s good faith estimate of the Current Assets of the French Business, <U>minus</U>
(<U>C</U>) the Seller&rsquo;s good faith estimate of the Current Liabilities of the French Business, <U>minus</U> (<U>D</U>) French
Target Working Capital, <U>minus</U> (<U>E</U>) the Seller&rsquo;s good faith estimate of the Transferring Indebtedness of the
French</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Business, in the case
of each of the preceding clauses (A), (B), (C), (D) and (E) determined as of the time of exercise of the French Put Option; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vi)&nbsp;<U>Section
1.7</U> and <U>Section 1.8</U> shall apply, <U>mutatis mutandis</U>, to the Estimated French Business Price calculated pursuant
to <U>Section 5.11(c)(v)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&nbsp;<U>French
Put Option Terms</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i)&nbsp;The
French Put Option will enter into force at the date hereof. The Seller hereby accepts the benefit of the French Put Option and
may, at its own discretion and option, elect to exercise the French Put Option in accordance with the procedures set forth herein,
without having the Seller being committed to sell to the Purchaser the French Business. The Seller shall only be entitled to exercise
the French Put Option for all (and not a portion) of the French Business. The French Put Option may be exercised by the Seller
at any time during the fifteen (15) Business Day period after the date upon which all of the information and consultation processes
of the French Works Council have been completed in accordance with the applicable Laws and the notification and information processes
to the French Put Option Employees (the &ldquo;<U>Notification and Information Processes</U>&rdquo;) required under applicable
Laws in France in connection with the sale of the French Business have been completed, until the Expiry Date, by sending to the
Purchaser a notice, in the form set forth in Section 5.11(d)(i) of the Disclosure Schedules (the &ldquo;<U>Exercise Notice</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii)&nbsp;Subject
to delivery of the Exercise Notice by the Seller, the Purchaser hereby promises and undertakes to purchase and assume from the
Seller Group all (and not a portion) of the Transferred Equity Interests, French Transferred Assets and French Assumed Liabilities
in accordance with and subject to the terms and conditions specified in this Agreement (the &ldquo;<U>French Put Option</U>&rdquo;),
it being understood that, for the sake of clarity, if the French Put Option is exercised prior to Closing, the Transferred Equity
Interests, French Transferred Assets and French Assumed Liabilities shall be included in the Transferred Assets and Assumed Liabilities
and the purchase price for the Transferred Equity Interests, French Transferred Assets and French Assumed Liabilities shall be
included in the computation of the Purchase Price.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii)&nbsp;As
soon as practicable, the Seller will cause the relevant member of the Seller Group (<U>i</U>) to initiate the information and consultation
processes of the relevant employee representative bodies required under applicable Laws in France (collectively, the &ldquo;<U>French
Works Council</U>&rdquo;) in connection with the sale of the French Business, (<U>ii</U>) to use their reasonable best efforts
to pursue diligently such procedures in accordance with applicable laws and regulations and to obtain the delivery of the French
Works Council&rsquo;s opinion as soon as possible and (<U>iii</U>) to initiate the Notification and Information Processes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv)&nbsp;The
parties shall keep each other regularly informed of the status of each these processes and provide to the other party a copy of
the opinion of the French Works Council (to the extent available) as soon as possible after obtaining such opinion.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v)&nbsp;The
French Put Option shall automatically terminate on the earlier of (<U>i</U>) the Termination Date and (<U>ii</U>) the date that
is 60 Business Days after the later of (<U>A</U>) the Seller&rsquo;s receipt of the final opinion from the French Works Council
in connection with the transactions</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">contemplated by this
Agreement and the other Transaction Documents or, in the absence of any such opinion, the date upon which the French Works Council
is deemed to have issued a negative opinion under applicable Law and (<U>B</U>) conclusion of the Notification and Information
Processes (the &ldquo;<U>Expiry Date</U>&rdquo;), unless the French Put Option is exercised on or prior to such date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(vi)&nbsp;The
Seller shall not, directly or indirectly, and shall not permit any of its Affiliates to, sell or commit to sell the French Transferred
Assets or the Transferred Equity Interests so long as the French Put Option remains outstanding.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.12.&#9;<U>Intercompany
Accounts; Affiliate Agreements</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&nbsp;Prior
to the Closing, the Seller shall cause any amounts owed to or by any member of the Seller Group or Affiliate thereof, on the one
hand, from or to any member of the Seller Group or Affiliate thereof, on the other hand, which amounts are owed in connection with
the Business, to be cancelled or settled.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&nbsp;The
Seller shall cause all Affiliate Agreements or Contracts entered into after the date hereof that would be Affiliate Agreements
if entered into as of the date hereof, other than the Transition Services Agreement, the Lease Servicing Agreement, the Infinity
Meter Agreement, the Presort Commercial Agreement, the Presort Side Letter, the Dealer Management Services Agreement and the Maintenance
Services Agreement, to be settled or terminated prior to the Closing without any further or continuing Liability on the part of
the Purchaser or any of its Affiliates, other than as specified on Section 5.12(b) of the Disclosure Schedules.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.13.&#9;<U>Seller
Marks</U>. Except as expressly set forth herein, the Purchaser and its Affiliates shall not register or own, or attempt to register
or own, and shall not directly or indirectly use, in any fashion, including in signage, corporate letterhead, business cards, internet
websites, marketing material and the like, or seek to register or own, in connection with any products or services anywhere in
the world in any medium, any trademarks, service marks, domain names, trade names, trade dress, trade styles or other indicia of
origin (collectively, &ldquo;<U>Marks</U>&rdquo;) that include, are identical to or are confusingly similar to, any Marks that
constitute Excluded Assets, including any corporate symbols or logos incorporating the Marks set forth on Section 5.13 of the Disclosure
Schedules (collectively, the &ldquo;<U>Seller Marks</U>&rdquo;), nor shall any of them challenge or oppose or assist any third
party in challenging or opposing the rights of any member of the Seller Group anywhere in the world in any of the Seller Marks.
Subject to the restrictions set forth herein, the Seller hereby extends, on behalf of itself and the other members of the Seller
Group, to the Purchaser effective as of the Closing Date, a personal, limited, nonexclusive, royalty-free transition license to
continue to use the Seller Marks: (<U>i</U>) for 180 days after the Closing Date on existing signage and other materials, in each
case included in the Transferred Assets as of the Closing Date and (<U>ii</U>) with respect to the Transferred Inventory, until
such Transferred Inventory has been sold. It is understood and agreed that the Purchaser will not be required to change labels
on equipment in the possession of any customer of the Business. The transition license granted under this <U>Section 5.13</U> does
not allow Purchaser to: (<U>i</U>) create signage and other materials (including inventory) bearing the Seller Marks after the
Closing Date or (<U>ii</U>) use the Seller Marks in signage, marketing and advertising materials at any trade show or in other
promotional events after the Closing Date. Except as permitted under this <U>Section 5.13</U>, no use of the Seller Marks shall
be made by the Purchaser or its Affiliates and the Purchaser shall in</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">any event transition
away from all use of the Seller Marks as soon as is reasonably practicable after the Closing Date. The Purchaser shall ensure that
the quality of all goods and services offered or sold under any of the Seller Marks shall be at least as high as the quality maintained
by the members of the Seller Group and their respective Affiliates for such goods and services as of the Closing and, at the Seller&rsquo;s
request, shall provide the Seller with samples of its use of the Seller Marks to permit the Seller to confirm the Purchaser&rsquo;s
compliance with the quality control requirements of this sentence. All use of the Seller Marks as permitted hereunder shall inure
solely to the benefit of the Seller Group. The Purchaser shall incur all costs associated with re-branding of the Transferred Assets
with signage, symbols and marks not constituting the Seller Marks, which re-branding shall be completed during the term of the
180-day transition license granted under this <U>Section 5.13</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.14.&#9;<U>Financing</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&nbsp;The
Purchaser shall use its reasonable best efforts to obtain the Financing on the terms and conditions set forth in the Commitment
Letters (including any flex provisions), including by using reasonable best efforts to (<U>i</U>) maintain in effect the Debt Commitment
Letters on the terms and conditions set forth in the Debt Commitment Letters (or on terms not materially less favorable, in the
aggregate, to the Purchaser, taken as a whole (including with respect to the conditionality thereof), than the terms and conditions
in the Debt Commitment Letters), (<U>ii</U>) negotiate and enter into definitive agreements with respect to the Debt Financing
(the &ldquo;<U>Debt Financing Agreements</U>&rdquo;) on terms and conditions (including any flex provisions) not materially less
favorable, in the aggregate, to the Purchaser (including with respect to the conditionality thereof), than those contained in the
Debt Commitment Letters, (<U>iii</U>) ensure the accuracy of all representations and warranties of the Purchaser set forth in the
Debt Commitment Letters or Debt Financing Agreements to the extent necessary to cause the funding of the Debt Financing on the
Closing Date, (<U>iv</U>) comply with all covenants and agreements of the Purchaser set forth in the Debt Commitment Letters or
Debt Financing Agreements, to the extent necessary to cause the funding of the Debt Financing on the Closing Date, (<U>v</U>) satisfy
on a timely basis all conditions set forth in the Debt Commitment Letters or Debt Financing Agreements that are within its control,
to the extent necessary to cause the funding of the Debt Financing on the Closing Date, and (<U>vi</U>) upon satisfaction of such
conditions and the other conditions set forth in <U>Section 6.1</U> and <U>Section 6.2</U> (other than those conditions that by
their terms are to be satisfied at the Closing, but subject to their satisfaction or waiver), consummate the Financing at or prior
to the Closing (and in any event prior to the Termination Date); <U>provided</U> that nothing herein shall be construed to require
the Purchaser to seek specific performance or otherwise commence litigation against any Debt Financing Source. The Purchaser shall
use its reasonable best efforts to cause the parties to the Commitment Letters to fund on the Closing Date the Financing required
to consummate the transactions contemplated by this Agreement, including borrowing notwithstanding the fact that any &ldquo;flex&rdquo;
provisions in the Debt Commitment Letters are exercised.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&nbsp;The
Purchaser shall promptly inform the Seller in reasonable detail regarding all material activity and timing considerations concerning
the Financing, including any material adverse change with respect to the Financing that would reasonably be expected to cause the
amount of the Financing necessary to pay the purchase price payable hereunder not to be available on the Closing Date. Without
limiting the foregoing, the Purchaser agrees to notify the Seller promptly, and in any event within two (2) Business Days, if at
any time prior to the</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Closing Date (<U>i</U>)
a Commitment Letter expires or is terminated for any reason, (<U>ii</U>) a counterparty indicates in writing that it will not provide,
or it refuses to provide, all or any portion of the Financing contemplated by the Commitment Letters on the terms set forth therein
or (<U>iii</U>) for any reason, the Purchaser no longer believes in good faith that it will be able to obtain on a timely basis
all or any portion of the Financing on substantially the terms described in the Commitment Letters. The Purchaser shall not, nor
shall it permit any of its Affiliates to, without the prior written consent of the Seller, take any action or enter into any transaction
that could reasonably be expected to impair, delay or prevent consummation of all or any portion of the Financing to be funded
on the Closing Date. Without the prior written consent of the Seller, the Purchaser shall not permit any amendment or modification
to be made to, or any waiver of any provision under, the Commitment Letters if such amendment, modification, joinder, termination
or waiver (<U>A</U>) reduces the aggregate amount of the Financing to be funded on the Closing Date, (<U>B</U>) imposes additional
conditions precedent to the availability of the Financing to be funded on the Closing Date or amends or modifies any of the existing
conditions to the funding of the Financing in a manner that would reasonably be expected to materially delay or prevent the funding
of the Financing on the Closing Date or (<U>C</U>) materially adversely impacts the ability of the Purchaser to enforce its rights
against the other parties to the Commitment Letters or the definitive agreements with respect thereto. The Purchaser shall promptly
deliver to the Seller copies of any material amendment, modification, waiver, termination or replacement of any of the Commitment
Letters.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.15.&#9;<U>Financing
Cooperation</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&nbsp;Prior
to the Closing, the Seller shall use its commercially reasonable efforts to provide such cooperation to the Purchaser as may reasonably
be requested by the Purchaser in connection with obtaining the Debt Financing necessary to complete the transactions contemplated
hereby, including using, and causing its Affiliates and representatives to use, commercially reasonable efforts to (<U>i</U>) furnish
to the Purchaser and the Debt Financing Sources information, financial statements and financial data relating to the Business of
the form and type customarily used in offering memoranda for financing engagements of the type contemplated by the Debt Commitment
Letter (including the Marketing Information), (<U>ii</U>) participate in a reasonable number (and in any event not less than 2)
of requested meetings, presentations, road shows, due diligence sessions, drafting sessions and sessions with rating agencies in
connection with the Debt Financing, (<U>iii</U>) assist with the preparation of materials for rating agency presentations, offering
documents, bank information memoranda and similar documents reasonably required in connection with the Debt Financing, (<U>iv</U>)
request the independent accountants of the Seller to provide reasonable assistance to the Purchaser in connection with the Debt
Financing consistent with their customary practice, (<U>v</U>) facilitate the execution and delivery at the Closing of the Debt
Financing Agreements, (<U>vi</U>) provide all documentation and other information that is required by United States regulatory
authorities under applicable &ldquo;know your customer&rdquo; and anti-money laundering rules and regulations, including, without
limitation, the Patriot Act, in each case, at least four (4) Business Days prior to the anticipated Closing Date, to the extent
reasonably requested in writing at least nine (9) Business Days prior to the Closing Date, (vii) provide in form and substance
reasonably acceptable to the Purchaser and the Debt Financing Sources payoff letters and/or lien releases and terminations with
respect to any Indebtedness to be repaid in connection with, or otherwise not permitted hereunder to remain outstanding upon, the
Closing (collectively, the &ldquo;<U>Payoff Letters and Lien Terminations</U>&rdquo;), (viii)</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">ensure that there shall
be no competing offering, placement or arrangement of any debt securities or syndicated credit facilities with respect to the Business,
(ix) ensure that the syndication of the Debt Financing benefits from the existing lending relationships of the Business and (x)
cooperate reasonably with the Debt Financing Sources&rsquo; due diligence, to the extent customary and reasonable. Without limiting
the foregoing, the Seller shall promptly deliver the Updated Financial Statements to the Purchaser; provided, however, that if
and to the extent that the 2017 Audited Financial Statements and the Updated Financial Statements for the fiscal quarter ending
March 31, 2018 are delivered after May 11, 2018, the Trigger Date shall be extended one day for each day after May 11, 2018 until
the day that the 2017 Audited Financial Statements and the Updated Financial Statements for the fiscal quarter ending March 31,
2018 are delivered to the Purchaser, provided, that if any such extended date is not a Business Day, then the Trigger Date shall
be extended to the next Business Day after such date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&nbsp;Notwithstanding
the foregoing, (<U>i</U>) nothing contained in this <U>Section 5.15</U> shall require cooperation with the Purchaser to the extent
it would interfere unreasonably with the Business or operations of the Seller, encumber any of the assets of any member of the
Seller Group or require any member of the Seller Group to pay any commitment or other fee or make any other payment in connection
with the Debt Financing (unless simultaneously reimbursed by the Purchaser pursuant to the terms of this Agreement), result in
a breach of any contract in effect as of the date hereof, or impose any liability on any member of the Seller Group or any of their
respective Affiliates and (<U>ii</U>) no member of the Seller Group or any Affiliate of any member of the Seller Group or any of
their respective directors, officers or employees shall (<U>A</U>) be required to take any action in the capacity as a member of
the board of directors or managers or as an officer of the Seller, (<U>B</U>) have any liability or any obligation under any Debt
Financing Agreement or any other agreement or document related to the Debt Financing or (<U>C</U>) be required to incur any other
liability in connection with the Debt Financing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&nbsp;The
Purchaser shall promptly, upon request by the Seller, reimburse the Seller for any reasonable and documented out-of-pocket costs
and expenses (including reasonable attorneys&rsquo; fees, reasonable independent accountants&rsquo; fees and $35,000 in independent
accountants&rsquo; fees incurred in preparing the Updated Financial Statements) incurred by any member of the Seller Group in connection
with the cooperation contemplated by this <U>Section 5.15</U> and shall indemnify and hold harmless the members of the Seller Group
and their representatives for and against any and all Losses suffered or incurred by them in connection with the arrangement of
the Debt Financing, any action taken by them at the request of the Purchaser pursuant to this <U>Section 5.15</U> and any information
utilized in connection therewith (other than information provided by any member of the Seller Group or any Affiliate of any member
of the Seller Group).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.16.&#9;<U>Insurance</U>.
The Purchaser acknowledges that coverage for the Business under the insurance policies of the Seller Group (the &ldquo;<U>Seller
Insurance</U>&rdquo;) will cease as of the Closing Date, and that the Seller will not purchase any &ldquo;tail&rdquo; policy or
other additional or substitute coverage for the benefit of the Purchaser relating to the Seller Insurance or the Business applicable
in any period after the Closing Date. Notwithstanding the foregoing or any other provision of this Agreement, if and to the extent
that the Seller Insurance provided coverage for any events that occurred prior to the Closing or for any claims made prior to the
Closing, claims may be brought or continued to be pursued under any such Seller Insurance after</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">the Closing at the Purchaser&rsquo;s
sole cost and expense (including any applicable retentions or deductibles in connection with such claims).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.17.&#9;<U>Resignations</U>.
At the Purchaser&rsquo;s request, the Seller shall cause the Manager of the Transferred Entity, as of immediately prior to the
Closing, to deliver to the Purchaser his or her resignation as the Manager of the Transferred Entity, effective at the time of
the Closing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.18.&#9;<U>R&amp;W
Insurance Policy</U>. To the extent the Purchaser obtains a representation and warranty insurance policy in connection with the
transactions contemplated hereby (a &ldquo;<U>R&amp;W Insurance Policy</U>&rdquo;), any such R&amp;W Insurance Policy shall include
a provision whereby the insurer expressly waives, and agrees not to pursue, directly or indirectly, any subrogation rights against
any member of the Seller Group, or any former or current stockholders, managers, members, directors, officers, employees, agents
and representatives of any member of the Seller Group with respect to any claim made by any insured thereunder (except for knowing
and intentional fraud in connection with the transaction). The Purchaser shall not waive, amend or modify such subrogation provision,
or allow such provision to be waived, amended or modified, without the prior written consent of the Seller.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.19.&#9;<U>Non-Competition</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&nbsp;The
Seller agrees that for the period from the Closing Date until the fourth anniversary of the Closing Date, it shall not and shall
cause each other member of the Seller Group not to, directly or indirectly, engage in a business anywhere in which the Business
operates as of immediately prior to the Closing, the primary activity of which business competes with the Business, as conducted
as of the date hereof or as of the Closing Date (each, a &ldquo;<U>Competitive Activity</U>&rdquo;); <U>provided</U> that the foregoing
shall not prohibit any member of the Seller Group from collectively owning up to an aggregate of 5% of the outstanding shares of
any class of capital stock of any Person that engages in any Competitive Activity (a &ldquo;<U>Competing Person</U>&rdquo;) so
long as no member of the Seller Group has any participation in the management of such Competing Person.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&nbsp;Notwithstanding
anything to the contrary in the foregoing, nothing in this <U>Section 5.19</U> shall prohibit any member of the Seller Group from:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(i)&nbsp;investing
in any Person that invests in, manages or operates a Competitive Activity, so long as such investment is less than 25% of the outstanding
ownership interest in such Person and such member of the Seller Group does not control such Person or Competitive Activity;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(ii)&nbsp;acquiring
the whole or any part of a Person or business that engages in any Competitive Activity; <U>provided</U> that where such Competitive
Activities of such Person or business represent greater than 25% of the annual revenues as set out in the latest available annual
financial statements of that Person or business, such member of the Seller Group shall divest such Person, business or portion
thereof to the extent engaging in such Competitive Activity within twelve (12) months after the consummation of such acquisition
(irrespective of whether the end of such 12-month period occurs after the expiration of the non-compete period)</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">at such price and on
such terms as the Seller deems commercially reasonable (but in no event shall such member of the Seller Group be required to divest
such Competitive Activity at a loss or be required to discontinue operation of such Competitive Activity in order to comply with
this <U>Section 5.19</U>);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iii)&nbsp;owning
any securities through any employee benefit plan;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(iv)&nbsp;performing
any Competitive Activity for the benefit of the Purchaser or any of its Affiliates, including the performance of any Competitive
Activity required or contemplated by this Agreement or any other Transaction Document; or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(v)&nbsp;continuing
to engage in any activities as currently conducted or as conducted as of the Closing Date by or within any retained businesses
of any member of the Seller Group, including the businesses of the Seller Group that are set forth on Section 5.19(b)(v) of the
Disclosure Schedules, and any reasonable expansion of such retained businesses (which may include geographic expansion, product
expansion and/or channel expansion).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.20.&#9;<U>Non-Solicitation</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&nbsp;The
Seller agrees that, from and after the Closing until the second anniversary of the Closing Date, it shall not, and shall cause
each other member of the Seller Group and any other Affiliates not to, (i) solicit for employment any Transferred Employee or (ii)
hire any of the senior managers listed on Section 5.20 of the Disclosure Schedules; provided, however, that the foregoing shall
not (x) apply to solicitations (A) made by job opportunity advertisements and headhunter searches not specifically targeting employees
of the Business, (B) targeting any employee whose employment by the Business was terminated by the Purchaser or an Affiliate of
the Purchaser (or who resigned with the consent of the Purchaser) at any time or (C) targeting any other employee whose employment
by the Business terminated as a result of the employee&rsquo;s voluntary resignation more than three (3) months prior to such solicitation
or (y) prohibit any member of the Seller Group from hiring any of the senior managers listed on Section 5.20 of the Disclosure
Schedules if such person has not been employed in the Business for a period of six (6) months prior to such hire or if such person&rsquo;s
employment was terminated by the Purchaser or an Affiliate of the Purchaser (or if such person resigned with the consent of the
Purchaser).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&nbsp;The
Purchaser agrees that from and after the date of this Agreement until the second anniversary of the Closing Date, it shall not,
and shall cause its Affiliates not to, solicit for employment any Person who is an employee of any member of the Seller Group (other
than Transferred Employees); <U>provided</U>, <U>however</U>, that the foregoing shall not apply to solicitations (<U>i</U>) made
by job opportunity advertisements and headhunter searches not specifically targeting any employees of any member of the Seller
Group or (<U>ii</U>) targeting any employee whose employment by the applicable member of the Seller Group terminated more than
three (3) months prior to such solicitation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.21.&#9;<U>Bulk
Sale</U>. The Purchaser hereby waives compliance by the Seller and any other member of the Seller Group with the provisions of
any so called &ldquo;bulk transfer laws&rdquo; of any jurisdiction in connection with the transactions contemplated by this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.22.&#9;[Reserved]</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.23.&#9;<U>Tax
Matters</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&nbsp;Notwithstanding
anything to the contrary in the foregoing, the Purchaser shall pay 100% of any transfer, documentary, sales, use, value added,
stamp, registration and other similar Taxes or notarial fees incurred in connection with the transactions contemplated under this
Agreement (all such items so incurred are referred to herein collectively as &ldquo;<U>Transfer Taxes</U>&rdquo;). All necessary
Tax Returns and other documentation with respect to all such Transfer Taxes shall be filed by the Purchaser; <U>provided</U> that
the Seller will reasonably cooperate with the Purchaser in the preparation, execution and filing of any such Tax Returns and other
documentation as necessary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&nbsp;The
Purchaser shall prepare and file all Tax Returns related to the Business or Transferred Assets required to be filed after the Closing
Dates, except (i) Income Tax Returns of or with respect to any member of the Seller Group and (ii) for the avoidance of doubt,
Tax Returns related to the French Business required to be filed prior to the exercise by the Seller of the French Put Option prior
to the Expiry Date, each of which will be filed by the Seller in its sole discretion. If any Tax Return prepared by the Purchaser
could reasonably be expected to give rise to an adverse impact on the Final Adjustment Amount or result in a payment by any member
of the Seller Group, the Purchaser shall furnish the Seller with a copy of such Tax Return at least 30 days prior to the due date
thereof for the Seller&rsquo;s comment, and shall incorporate any reasonable comments of the Seller prior to filing such Tax Return.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&nbsp;The
Purchaser and the Seller shall (and shall cause their respective Affiliates to) (<U>i</U>) provide the other party and its Affiliates
with such assistance as may be reasonably requested in connection with the preparation of any Tax Return or claim for refund, the
determination of a tax liability for Taxes or a right to refund of Taxes or the conduct of any audit or other examination by any
taxing authority or any judicial or administrative proceeding relating to Taxes and (<U>ii</U>) retain (and provide the other party
and its Affiliates with reasonable access to) all records or information which may be relevant to such Tax Return, claim for refund,
Tax determination, audit, examination or proceeding. Such cooperation and information shall include providing copies of all relevant
Tax Returns, together with accompanying schedules and related workpapers, documents relating to rulings or other determinations
made by taxing authorities and records concerning the ownership and tax basis of property, which either party may possess. Each
party shall make its employees available on a mutually convenient basis to provide explanation of any documents or information
provided hereunder. Except as otherwise provided in this Agreement, the party requesting assistance hereunder shall reimburse the
other for any reasonable out-of-pocket costs incurred in providing any Tax Return, document or other written information, and shall
compensate the other for any reasonable costs (excluding wages and salaries and related costs) of making employees available, upon
receipt of reasonable documentation of such costs. Any information obtained under this <U>Section 5.23</U> shall be kept confidential,
except as may be otherwise necessary in connection with the filing of Tax Returns or claims for refund or in conducting any audit,
examination or other proceeding. The Purchaser and the Seller agree that the sharing of information and cooperation contemplated
by this <U>Section 5.23</U> shall be done in a manner so as not to interfere unreasonably with the conduct of the business of the
parties.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&nbsp;<U>Check-the-box
Election</U>. The Seller will make an election effective prior to the Closing Date to treat the Transferred Entity as disregarded
from its sole owner for U.S. federal income tax purposes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(e)&#9;&nbsp;<U>VAT</U>.&#9;The
Seller and the Purchaser shall use commercially reasonable efforts to ensure that the transactions contemplated by this Agreement
are treated as neither a supply of goods nor a supply of services for applicable VAT purposes. If a Tax authority at any time determines
in writing that VAT is payable on the sale of all or some of the Transferred Assets pursuant to this Agreement, the Seller shall
promptly deliver to the Purchaser a copy of such written determination and a proper VAT invoice in respect of the VAT payable and
the Purchaser shall within five (5) days of the receipt of such determination and VAT invoice pay to the Seller a sum equal to
the amount of VAT determined by the Tax authority to be chargeable. The Seller shall submit any pertinent correspondence with the
relevant Tax authorities in respect of such VAT to the Purchaser for the Purchaser&rsquo;s comment and shall incorporate any reasonable
comments of the Purchaser prior to transmitting such correspondence to such Tax authorities. If the Purchaser pays to a member
of the Selling Group an amount in respect of VAT under this <U>Section 5.23(e)</U> and the relevant Tax authorities finally determine
that some portion of such VAT was not properly chargeable, such member of the Selling Group shall promptly issue a credit note
to the Purchaser and re-pay such portion to the Purchaser.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(f)&#9;&nbsp;<U>French Tax
Considerations</U>.&#9;Pursuant to Article 223 N 2 of the French <I>code g&eacute;n&eacute;ral des imp&ocirc;t</I>, the French
Parent shall pay or cause to be paid to the French public treasury all installments (<I>accomptes</I>) of French corporation tax
payable with respect to the Transferred Entity for the Tax Year in which the Closing Date for the Transferred Entity occurs. The
Purchaser shall reimburse or cause the Transferred Entity to reimburse the French Parent for such installment payments that are
due after such Closing Date, such reimbursement to be made at least five Business Days before the due date of the installment to
which it relates.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.24.&#9;<U>Seller
Guarantees</U>. Prior to the Closing, the Purchaser shall use reasonable best efforts to (<U>i</U>) arrange for substitute bonds
and guarantees to replace (<U>A</U>) the Seller Guarantees set forth on Section 5.24 of the Disclosure Schedules and (<U>B</U>)
any Seller Guarantees entered into in the ordinary course of business after the date hereof and prior to the Closing or (<U>ii</U>)
assume all obligations under each Seller Guarantee, obtaining from the creditor, beneficiary or other counterparty a full release
(in a form satisfactory to the Seller) of all parties liable, directly or indirectly, for reimbursement to the creditor or fulfillment
of other obligations to a beneficiary or counterparty in connection with amounts drawn under the Seller Guarantees. To the extent
the beneficiary or counterparty under any Seller Guarantee does not accept any such substitute bond, Purchaser guarantee or other
obligation proffered by the Purchaser, the Purchaser shall (<U>x</U>) indemnify, defend and hold harmless each member of the Seller
Group against, and reimburse each member of the Seller Group for, all amounts paid (including costs and expenses) in connection
with such Seller Guarantees, including the Seller&rsquo;s and its Affiliates&rsquo; expenses in maintaining such Seller Guarantees,
whether or not any such Seller Guarantee is drawn upon or required to be performed, and shall in any event promptly reimburse the
relevant member of the Seller Group to the extent any Seller Guarantee is called upon and the Seller or its Affiliates makes any
payment or is obligated to reimburse the party issuing the Seller Guarantee and (<U>y</U>) not without the Seller&rsquo;s prior
written consent, amend in any manner adverse to the Seller or any</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">of its Affiliates, or
extend (or permit the extension of), any Seller Guarantee or any obligation supported by any Seller Guarantee.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.25.&#9;<U>Transfer
Act Compliance</U>. Buyer and Seller shall comply with the covenants and agreements set forth in Section 5.25 of the Disclosure
Schedules, which is hereby incorporated into this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.26.&#9;<U>Modifications
to Shared Space Schedule</U>. The parties shall cooperate in good faith from and after the date hereof to agree prior to the Closing
Date on any modifications to Section 3.16(d) of the Disclosure Schedules that the parties determine in good faith to be reasonably
necessary, including modifications to (i) add or remove Shared Spaces or (ii) modify the headcount with respect to certain Shared
Spaces (with a corresponding increase or decrease to the $500/month fee per headcount), it being understood that no such modification
to Section 3.16(d) of the Disclosure Schedules shall (A) cause any individual who would otherwise not be a Business Employee to
become a Business Employee or (B) cause any individual who would otherwise be a Business Employee not to be a Business Employee.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 5.27.&#9;<U>The
Danbury Lease</U>. Buyer and Seller shall comply with covenants and agreements set forth in Section 5.27 of the Disclosure Schedules,
which is hereby incorporated into this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">Article
VI</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">CONDITIONS
TO CLOSING</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 6.1.&#9;<U>Conditions
Precedent to Obligations of the Purchaser and the Seller</U>. The obligations of each party to be performed by such party at the
Closing are subject to the satisfaction at or prior to the Closing of each of the following conditions:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&nbsp;<U>Absence
of Injunction</U>. No injunction shall have been issued by any court of competent jurisdiction and be in effect that prohibits
or enjoins in any material respect the consummation of the transactions contemplated by this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&nbsp;<U>Regulatory
Clearances</U>. The waiting period (and any extension thereof) or approval required to consummate the transactions contemplated
by this Agreement under the applicable Antitrust Laws set forth on Section 6.1(b) of the Disclosure Schedules shall have expired
or been obtained, as the case may be.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 6.2.&#9;<U>Conditions
Precedent to Obligations of the Purchaser</U>. The obligations of the Purchaser to be performed by the Purchaser at the Closing
are subject to the satisfaction at or prior to the Closing of each of the following conditions, unless waived by the Purchaser
in its sole discretion.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&nbsp;<U>Deliveries
of the Seller</U>. The Purchaser shall have received all certificates, instruments, agreements and other documents to be delivered
on or before the Closing Date pursuant to <U>Section 2.3(a)</U>.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&nbsp;<U>Representations
and Warranties</U>. The Seller Fundamental Representations shall be true and correct in all material respects as of the Closing
as though made on and as of such time. All other representations and warranties of the Seller contained in this Agreement (other
than the representation and warranty set forth in <U>Section 3.7(b)</U>) shall be true and correct as of the Closing (in each
case without giving effect to any &ldquo;materiality&rdquo; or &ldquo;Business Material Adverse Effect&rdquo; qualifiers contained
therein) as though made on and as of such time (other than any representation or warranty that specifies that it is made as of
a different date, in which case such representation and warranty shall be true and correct as of such specified date), except
to the extent that the failure of such representations and warranties to be true would not have, individually or in the aggregate,
a Business Material Adverse Effect. The representation and warranty of the Seller set forth in <U>Section 3.7(b)</U> shall be
true and correct in all respects as of the Closing as though made on and as of such time.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&nbsp;<U>Performance
of Covenants</U>. Each covenant and agreement of the Seller required by this Agreement to be performed by the Seller at or prior
to the Closing will have been duly performed in all material respects as of the Closing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&nbsp;<U>Closing
Certificate</U>. The Seller shall have delivered to the Purchaser a certificate executed by an authorized officer of the Seller
certifying as to the satisfaction of the conditions set forth in <U>Section 6.2(b)</U> and <U>Section 6.2(c)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 6.3.&#9;<U>Conditions
Precedent to Obligations of the Seller</U>. The obligations of the Seller to be performed by the Seller at the Closing are subject
to the satisfaction at or prior to the Closing of each of the following conditions, unless waived by the Seller in its sole discretion:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a)&nbsp;<U>Deliveries
of the Purchaser</U>. The Seller shall have received all certificates, instruments, agreements and other documents to be delivered
on or before the Closing Date pursuant to <U>Section 2.3(b)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)&nbsp;<U>Representations
and Warranties</U>. The Purchaser Fundamental Representations shall be true and correct as of the Closing as though made on and
as of such time. All other representations and warranties of the Purchaser contained in this Agreement shall be true and correct
as of the Closing (in each case without giving effect to any &ldquo;materiality&rdquo; qualifiers contained therein) as though
made on and as of such time (other than any representation or warranty that specifies that it is made as of a different date, in
which case such representation and warranty shall be true and correct as of such specified date), except to the extent that the
failure of such representations or warranties to be true would not have, individually or in the aggregate, a material adverse effect
on, or materially delay, the Purchaser&rsquo;s ability to consummate the transactions contemplated by this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)&nbsp;<U>Performance
of Covenants</U>. Each covenant and agreement of the Purchaser required by this Agreement to be performed by it at or prior to
the Closing will have been duly performed in all material respects as of the Closing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(d)&nbsp;<U>Closing
Certificate</U>. The Purchaser shall have delivered to the Seller a certificate executed by an authorized officer of the Purchaser
certifying as to the satisfaction of the conditions set forth in <U>Section 6.3(b)</U> and <U>Section 6.3(c)</U>.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0pt">Article
VII</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0pt">TERMINATION;
EFFECT OF TERMINATION</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Section 7.1. <U>Termination</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">(a) Notwithstanding anything
to the contrary set forth herein, this Agreement may be terminated and the transactions contemplated hereby abandoned at any time
prior to the Closing:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">(i) by mutual written
agreement of the Purchaser and the Seller;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">(ii) by the Purchaser
by written notice to the Seller, if the transactions contemplated hereby are not consummated on or before the Termination Date
unless such failure or incapacity to consummate the transactions contemplated hereby by the Termination Date was primarily attributable
to the Purchaser&rsquo;s breach of any covenant or agreement contained herein;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">(iii) by the Seller by
written notice to the Purchaser, if the transactions contemplated hereby are not consummated on or before the Termination Date
unless such failure or incapacity to consummate the transactions contemplated hereby by the Termination Date was primarily attributable
to the Seller&rsquo;s breach of any covenant or agreement contained herein;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">(iv) by the Purchaser
by notice to the Seller, if a breach of any representation, warranty, covenant or agreement on the part of the Seller set forth
in this Agreement shall have occurred that would cause any condition set forth in <U>Section 6.2</U> not to be satisfied, and such
breach is incapable of being cured by the Termination Date; <U>provided</U> that the Purchaser shall not have the right to terminate
this Agreement pursuant to this <U>Section 7.1(a)(iv)</U> if the Purchaser is then in breach of its representations, warranties,
covenants or agreements contained in this Agreement that would cause any condition set forth in <U>Section 6.3</U> not to be satisfied;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">(v) by the Seller by
notice to the Purchaser, if a breach of any representation, warranty, covenant or agreement on the part of the Purchaser set forth
in this Agreement shall have occurred that would cause any condition set forth in <U>Section 6.3</U> not to be satisfied, and such
breach is incapable of being cured by the Termination Date; <U>provided</U> that the Seller shall not have the right to terminate
this Agreement pursuant to this <U>Section 7.1(a)(v)</U> if the Seller is then in breach of its representations, warranties, covenants
or agreements contained in this Agreement that would cause any condition set forth in <U>Section 6.2</U> not to be satisfied;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">(vi) by the Seller if
(<U>A</U>) all of the conditions set forth in <U>Section 6.1</U> and <U>Section 6.2</U> have been satisfied or waived (other than
those conditions that by their terms are to be satisfied by actions taken at the Closing and could have been satisfied assuming
a Closing would occur), the Trigger Date has occurred and the Marketing Period has ended, (<U>B</U>) the Seller has notified the
Purchaser in writing that the Seller is ready, willing and able to consummate the Closing when required pursuant to and in accordance
with <U>Section 2.1</U> and (<U>C</U>) the Purchaser fails to complete the Closing when required pursuant to <U>Section 2.1</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Section 7.2. <U>Effect
of Termination</U>. If this Agreement is terminated pursuant to <U>Section 7.1</U>, this Agreement shall become null and void and
of no further force and effect, and none of the parties hereto (nor their respective Subsidiaries, Affiliates, directors, shareholders,</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt">officers, employees, agents,
consultants, attorneys in fact or other representatives) shall have any liability in respect of such termination; <U>provided</U>
that (<U>a</U>) no such termination (nor any other provision of this Agreement) shall relieve any party from liability for any
damages for fraud or for willful breach of any covenant hereunder (it being acknowledged and agreed by the parties hereto that
the failure to consummate the Closing by any party that was obligated to do so pursuant to the terms hereof shall be deemed to
be a willful breach of a covenant hereunder), and (<U>b</U>) the provisions of this <U>Section 7.2</U> and of <U>Section 5.9</U>,
<U>Section 7.1</U>, <U>Section 8.1</U>, <U>Section 8.2</U> and <U>Section 8.9</U> shall survive any termination of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0pt">Article
VIII</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0pt">MISCELLANEOUS</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Section 8.1. <U>Notices</U>.
All notices and other communications given or made pursuant hereto shall be in writing and shall be deemed to have been duly given
or made (<U>a</U>) on the date of delivery if delivered personally, or by email, upon confirmation of receipt (if received on a
Business Day or, if not received on a Business Day, on the first Business Day following such date of receipt), (<U>b</U>) on the
first Business Day following the date of dispatch if delivered by a recognized next-day courier service or (<U>c</U>) on the fifth
Business Day following the date of mailing if delivered by registered or certified mail (postage prepaid, return receipt requested)
and shall be delivered personally or mailed by registered or certified mail (postage prepaid, return receipt requested), sent by
overnight courier or sent by email, to the applicable party at the following addresses or telecopy numbers (or at such other address
or telecopy number for a party as shall be specified by like notice):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">if to any member of the Seller Group:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Pitney Bowes Inc.<BR>
3001 Summer Street<BR>
Stamford, CT 06905<BR>
Attention: Daniel J. Goldstein<BR>
Email: daniel.goldstein@pb.com</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">with a copy (which shall not constitute notice) to:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Debevoise &amp; Plimpton LLP<BR>
919 Third Avenue<BR>
New York, NY 10022<BR>
Attention: Jeffrey J. Rosen<BR>
Facsimile: (212) 909-6836</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Email: <FONT STYLE="color: black">jrosen@debevoise.com</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">if to the Purchaser:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">c/o Platinum Equity Advisors, LLC</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">360 North Crescent Drive, South Building</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Beverly Hills, CA 90210</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 144pt; text-indent: -36pt">Attention: Eva M. Kalawski, Executive
Vice President, <BR>
General Counsel and Secretary</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Facsimile: (310) 712-1863</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Email: ekalawski@platinumequity.com</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">with a copy (which shall not constitute notice) to:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Morgan, Lewis &amp; Bockius LLP</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">600 Anton Blvd., Suite 1800</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Costa Mesa, CA 92626</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Attention: James W. Loss</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Facsimile: (714) 830-0700</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">Email: jim.loss@morganlewis.com</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 108pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">Section 8.2. <U>Certain
Definitions; Interpretation</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">(a) For purposes of this
Agreement, the following terms shall have the following meanings:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>2017 Audited Financial
Statements</U>&rdquo; shall mean the audited balance sheet of the Business as of December 31, 2017 and the related audited combined
statement of operations and cash flows of the Business for the fiscal year then ended, and the notes thereto, certified by PricewaterhouseCoopers
LLP, in substantially the same form as the Audited Financial Statements.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Accountant</U>&rdquo;
shall mean Deloitte LLP or, if Deloitte LLP is unavailable, unwilling or unable to serve, an independent accounting firm of internationally
recognized standing that is reasonably satisfactory to the Purchaser and the Seller and that has no material relationship with
the Purchaser or the Seller.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Accounting Principles</U>&rdquo;
shall have the meaning set forth in <U>Section 1.6</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Accrued Vacation
Days</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(j)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Action</U>&rdquo;
shall mean any civil or criminal action, claim, investigation, lawsuit, civil charge, examination, complaint, hearing, audit, legal
proceeding, administrative enforcement proceeding or arbitration by or before any Governmental Authority, mediation body or arbitral
body.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Affiliate</U>&rdquo;
of a Person shall mean a Person that, directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or
is under common Control with, the first mentioned Person.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Affiliate Agreement</U>&rdquo;
shall have the meaning set forth in <U>Section 3.20</U>.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Agreement</U>&rdquo;
shall have the meaning set forth in the Preamble.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Antitrust Laws</U>&rdquo;
shall mean all Laws that are designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolization
or lessening of competition through merger or acquisition or restraint of trade.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Assumed Accounts
Payable</U>&rdquo; shall have the meaning set forth in <U>Section 1.4(a)(ix)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Assumed Benefit
Plan</U>&rdquo; shall mean each Business Benefit Plan, or portion thereof, (<U>i</U>) any assets or liabilities of which (<U>A</U>)
the Purchaser has expressly agreed to assume pursuant to this Agreement or (<U>B</U>) the Purchaser or any of its Subsidiaries
is required to assume under applicable Law, Contract or Labor Contract or (<U>ii</U>) sponsored by the Transferred Entity.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Assumed Liabilities</U>&rdquo;
shall have the meaning set forth in <U>Section 1.4(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Audited Financial
Statements</U>&rdquo; shall have the meaning set forth in <U>Section 3.6(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Automatic Transferred
Employee</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(b)(ii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Bill of Sale,
Assignment and Assumption Agreement</U>&rdquo; shall have the meaning set forth in <U>Section 2.3(a)(i)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Business</U>&rdquo;
shall mean the following, as conducted by the Seller Group: (A) the sale of (x) production inserting systems, (y) mail and parcel
sorting equipment, and (z) production printing solutions; (B) the provision of ongoing supplies, maintenance and service with respect
to equipment of the type described in clause (A); and (C) the licensing of software for use with the equipment of the type described
in clause (A) that (i) manages, edits and controls transactional print and mail insertion output and/or (ii) operates, maintains,
and enhances its productivity. For the avoidance of doubt, (i) production inserting systems do not include tabletop inserting systems
(such as the Relay&reg; inserter systems), (ii) production printing solutions do not include small and medium business printing
solutions (such as the Riso ComColor&reg; printers), and (iii) clauses (A), (B) and (C) above include the products on Section 8.2(a)(i)
of the Disclosure Schedules.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Business 401(k)
Plan</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(i)(i)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Business Benefit
Plan</U>&rdquo; shall mean any &ldquo;employee pension benefit plan&rdquo; (as defined in Section 3(2) of ERISA, whether or not
subject to ERISA), &ldquo;employee welfare benefit plan&rdquo; (as defined in Section 3(1) of ERISA, whether or not subject to
ERISA) or bonus, pension, profit sharing, deferred compensation, incentive compensation, stock or other equity ownership, stock
or other equity purchase, stock or other equity appreciation, restricted stock or other equity, stock or other equity repurchase
rights, stock or other equity option, phantom stock or other equity, performance, retirement, vacation, severance, disability,
death benefit, hospitalization, medical, fringe benefit, sabbatical, supplemental retirement, termination indemnity, jubilees payment,
13th and 14th month bonus, and any other plan, agreement, arrangement or understanding (whether or not legally binding or subject
to the Laws of the United States) maintained, contributed to or required to be maintained or contributed to by any member of the
Seller Group, providing benefits to any Business Employee or Former Employee.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Business Day</U>&rdquo;
shall mean a day other than a Saturday, Sunday or other day on which banks in New York, New York are required or authorized by
Law to be closed.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&ldquo;<U>Business Employee</U>&rdquo; shall
mean, as of the Closing Date, (i) each employee of the Transferred Entity, (ii) each employee of any member of the Seller Group
who is exclusively engaged in the Business and (iii) each other employee of any member of the Seller Group who provides services
to the Business but is not exclusively engaged in the Business and is listed on Section 5.10(a) of the Disclosure Schedule, including,
in the case of each of clauses (i), (ii) and (iii) such individuals who are not actively at work due to vacation, holiday, illness,
jury duty, bereavement leave, disability, workers&rsquo;<FONT STYLE="background-color: white"> compensation or other authorized
leave of absence or other leave protected under applicable Law.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Business Employee
List</U>&rdquo; shall have the meaning set forth in <U>Section 3.19(b)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Business Material
Adverse Effect</U>&rdquo; shall mean any change or effect that, individually or in the aggregate, has had a material adverse effect
on the assets, financial condition or results of operations of the Business, taken as a whole; <U>provided</U> that changes or
effects, alone or in combination, that arise out of or result from the following, individually or in the aggregate, shall not be
considered when determining whether a Business Material Adverse Effect has occurred: (<U>i</U>) changes in economic conditions,
financial or securities markets in general, including any changes in interest or exchange rates, or the industries and markets
(including with respect to commodity prices) in which the Business is operated or in which products of the Business are used or
distributed, including increases in operating costs, (<U>ii</U>) any change in Laws, GAAP or any other generally accepted accounting
principles applicable to the Business, or the enforcement or interpretation thereof, applicable to the Business, (<U>iii</U>) any
change resulting from the negotiation, execution, announcement or consummation of the transactions contemplated by, or the performance
of obligations under, this Agreement, including any such change relating to the identity of, or facts and circumstances relating
to, the Purchaser or its Affiliates and including any actions by customers, suppliers or personnel, (<U>iv</U>) acts of God (including
any hurricane, flood, tornado, earthquake or other natural disaster or any other <I>force majeure</I> event), calamities, national
or international political or social conditions, including acts of war, sabotage, the engagement by the United States in hostilities,
whether commenced before or after the date hereof, or the occurrence of any military attack or terrorist act upon the United States
or any escalation or worsening of any of the foregoing, (<U>v</U>) the failure, in and of itself, to achieve any projections, forecasts,
estimates, performance metrics or operating statistics (whether or not shared with the Purchaser) (it being understood that this
clause (v) shall not exclude the facts or circumstances giving rise to such failure to the extent such facts or circumstances would
otherwise constitute a Business Material Adverse Effect), (<U>vi</U>) any action taken by the Purchaser or any of its Affiliates,
agents or representatives, (<U>vii</U>) any action to which the Purchaser has consented (or is deemed to have consented) under
this Agreement or, if the Purchaser&rsquo;s consent is required pursuant to this Agreement to take any action and the Purchaser
has failed to provide such consent upon request, any failure to take such action, or (<U>viii</U>) any action taken at the request
of the Purchaser.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Cash</U>&rdquo;
shall mean all cash, cash equivalents and liquid investments, <U>plus</U> deposits in transit and <U>minus</U> outgoing checks.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Closing</U>&rdquo;
shall have the meaning set forth in <U>Section 2.1</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Closing Adjustments
Schedule</U>&rdquo; shall have the meaning set forth in <U>Section 1.7(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Closing Cash</U>&rdquo;
shall mean all Cash of the Transferred Entity other than cash that is restricted in use by law or contract or is otherwise classified
as &ldquo;restricted cash&rdquo; under applicable accounting principles, determined as of the Effective Time.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Closing Date</U>&rdquo;
shall have the meaning set forth in <U>Section 2.1</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Closing Purchase
Price</U>&rdquo; shall have the meaning set forth in <U>Section 1.5</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Closing Working
Capital</U>&rdquo; shall mean (<U>i</U>) Current Assets <U>minus</U><I> </I>(<U>ii</U>) Current Liabilities, in each case determined
as of the Effective Time.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>COBRA</U>&rdquo;
shall mean the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Code</U>&rdquo;
shall mean the Internal Revenue Code of 1986, as amended.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Commitment Letters</U>&rdquo;
shall mean the Equity Commitment and Guarantee Letter and the Debt Commitment Letters collectively.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Competing Person</U>&rdquo;
shall have the meaning set forth in <U>Section 5.19(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&ldquo;<U>Competitive Activity</U>&rdquo;
shall have the meaning set forth in <U>Section 5.19(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Confidentiality
Agreement</U>&rdquo; shall have the meaning set forth in <U>Section 5.2(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Contract</U>&rdquo;
shall mean any legally binding written contract, agreement, lease, license, purchase or task order, statement of work, undertaking
or commitment.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Control</U>&rdquo;
(including the terms &ldquo;Controls&rdquo;, &ldquo;Controlled&rdquo;, &ldquo;Controlled by&rdquo; and &ldquo;under common Control
with&rdquo;) shall mean, with respect to the relationship between or among two or more Persons, the possession, direct or indirect,
of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of stock,
as trustee, personal representative or executor, by contract or credit arrangement or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Controlled Group
Liability</U>&rdquo; shall mean any and all Liabilities under Title IV of ERISA, Section 412 of the Code or Section 302 of ERISA.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Current Assets</U>&rdquo;
shall mean, for any time, the combined current assets of the Business, in each case as of such time and excluding Tax assets, calculated
in accordance with the Accounting Principles.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Current Liabilities</U>&rdquo;
shall mean, for any time, the combined current liabilities of the Business, in each case as of such time and excluding Tax liabilities,
calculated in accordance with the Accounting Principles. For the avoidance of doubt, Current Liabilities shall not include any
Indebtedness.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Danbury Lease</U>&rdquo;
shall have the meaning set forth in Section 5.27 of the Disclosure Schedules.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Dealer Management
Services Agreement</U>&rdquo; shall have the meaning set forth in <U>Section 2.3(a)(xii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Debt Commitment
Letters</U>&rdquo; shall have the meaning set forth in <U>Section 4.6(c)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Debt Financing</U>&rdquo;
shall have the meaning set forth in <U>Section 4.6(c)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Debt Financing
Agreements</U>&rdquo; shall have the meaning set forth in <U>Section 5.14(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Debt Financing
Sources</U>&rdquo; shall mean the Persons that have committed to provide, or have otherwise entered into agreements in connection
with the Debt Financing, including any joinder agreements, indentures or credit agreements entered into pursuant thereto or relating
thereto, together with their respective Affiliates, and the respective officers, directors, employees, partners, trustees, shareholders,
managers, controlling persons, agents and representatives of the foregoing, and their respective successors and assigns.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Deferred Business</U>&rdquo;
shall have the meaning set forth <U>Section 2.5(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Deferred Jurisdiction</U>&rdquo;
shall have the meaning set forth <U>Section 2.5(a)</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Deferred Transfer</U>&rdquo;
shall have the meaning set forth in Section 2.5(b).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Deferred Transfer
Statement</U>&rdquo; shall have the meaning set forth in <U>Section 2.5(c)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Disapplied Provisions</U>&rdquo;
shall mean <U>Section 1.1</U>, <U>Section 1.2</U>, <U>Section 1.3</U>, <U>Section 1.4</U> and <U>Section 5.10</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Disclosure Schedules</U>&rdquo;
shall have the meaning set forth in the Preamble of <U>Article III</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Effective Time</U>&rdquo;
shall have the meaning set forth in <U>Section 2.2</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Employee Leasing
Arrangement</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(s)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&rdquo;<U>Encumbrances</U>&rdquo;
shall mean any mortgage, lien, pledge, security interest, hypothecation, easements, encumbrance or other similar charge or restriction.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Enforceability
Exceptions</U>&rdquo; shall have the meaning set forth in <U>Section 3.2</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Environmental
Laws</U>&rdquo; shall mean all federal, state, local and foreign Laws in effect as of the Closing Date relating to protection of
the environment.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Environmental
Permit</U>&rdquo; shall mean any Permit required under any applicable Environmental Law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Equity Commitment
Letter</U>&rdquo; shall have the meaning set forth in <U>Section 4.6(a)</U>.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Equity Financing</U>&rdquo;
shall have the meaning set forth in <U>Section 4.6(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>ERISA</U>&rdquo;
shall mean the Employee Retirement Income Security Act of 1974, including the rules and regulations promulgated thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Estimated Adjustment
Amount</U>&rdquo; shall mean the amount (which may be positive or negative) equal to (a) (i) Estimated Closing Working Capital,
<U>minus</U> (ii) Target Working Capital <U>plus</U> (b) Estimated Closing Cash <U>minus</U> (c) Estimated Transferring Indebtedness.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Estimated Closing
Cash</U>&rdquo; shall mean the Seller&rsquo;s good faith estimate of Closing Cash.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Estimated Closing
Statement</U>&rdquo; shall have the meaning set forth in <U>Section 1.6</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Estimated Closing
Working Capital</U>&rdquo; shall mean the Seller&rsquo;s good faith estimate of Closing Working Capital.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Estimated French
Business Price</U>&rdquo; shall have the meaning set forth in <U>Section 5.11(c)(v).</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Estimated Transferring
Indebtedness</U>&rdquo; shall mean the Seller&rsquo;s good faith estimate of Transferring Indebtedness.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>EU</U>&rdquo;
shall have the meaning set forth in <U>Section 5.10(b)(ii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>European Employees</U>&rdquo;
shall have the meaning set forth in <U>Section 5.10(b)(ii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Excluded Assets</U>&rdquo;
shall have the meaning set forth in <U>Section 1.2(b)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Excluded Employee
Liabilities</U>&rdquo; shall have the meaning set forth in <U>Section 1.4(b)(iii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Excluded Intellectual
Property</U>&rdquo; shall mean the Seller Marks and all other Intellectual Property owned or licensed by the Seller Group that
is not Transferred Intellectual Property, and any and all goodwill represented thereby and pertaining thereto, and the right to
sue and recover damages for past, present and future infringement, dilution, misappropriation or other violation or conflict associated
therewith, including all rights to own and license any of the Seller Marks and associated Intellectual Property rights.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Excluded Interest</U>&rdquo;
shall have the meaning set forth in <U>Section 1.3(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Excluded Liabilities</U>&rdquo;
shall have the meaning set forth in <U>Section 1.4(b)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Exercise Notice</U>&rdquo;
shall have the meaning set forth in <U>Section 5.11(d)(i)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Expiry Date</U>&rdquo;
shall have the meaning set forth in <U>Section 5.11(d)(v)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Final Adjustment
Amount</U>&rdquo; shall mean the amount (which may be positive or negative) equal to (a) (i) Closing Working Capital <U>minus</U>
(ii) Target Working Capital <U>plus</U> (b) Closing Cash <U>minus</U> (c) Transferring Indebtedness.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Final Purchase
Price</U>&rdquo; shall mean (<U>i</U>) the Purchase Price, <U>plus</U> (<U>ii</U>) the Final Adjustment Amount (which may be positive
or negative).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Final Purchase
Price Adjustment</U>&rdquo; shall have the meaning set forth in <U>Section 1.8(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Financing</U>&rdquo;
shall mean the Equity Financing and the Debt Financing, collectively.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Former Employees</U>&rdquo;
shall mean any employee of any member of the Seller Group (other than the Transferred Entity)<SUP> </SUP>whose employment therewith
terminated prior to the Closing Date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>French Assumed
Liabilities</U>&rdquo; shall mean all of the Assumed Liabilities exclusively related to the French Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>French Business</U>&rdquo;
shall mean the portion of the Business conducted by Pitney Bowes SAS in France, as well as the portion of the Business conducted
by the Transferred Entity.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>French Parent</U>&rdquo;
shall mean Pitney Bowes Holding SNC, a <I>soci&eacute;t&eacute; en nom collectif</I> organized under the laws of France.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>French Put Option</U>&rdquo;
shall have the meaning set forth in <U>Section 5.11(d)(ii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>French Put Option
Employees</U>&rdquo; shall mean the employees of the French Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>French Target
Working Capital</U>&rdquo; shall mean $4,613,000.00.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>French Transferred
Assets</U>&rdquo; shall mean all of the Transferred Assets exclusively used in the French Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>French Works Council</U>&rdquo;
shall have the meaning set forth in <U>Section 5.11(d)(iii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>GAAP</U>&rdquo;
shall mean generally accepted accounting principles in the United States applied on a consistent basis.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Governmental Authority</U>&rdquo;
shall mean the United States, any state or other political subdivision thereof, and any other foreign or domestic entity exercising
executive, legislative, judicial, regulatory or administrative authority or functions of or pertaining to government, including
any government authority, agency, department, corporation, board, commission, court, tribunal or instrumentality of the United
States or any foreign entity, any state of the United States or any political subdivision of any of the foregoing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Governmental Order</U>&rdquo;
shall mean any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental
Authority.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Hazardous Substances</U>&rdquo;
shall mean any substance or material that (<U>i</U>) is regulated under any Environmental Law as a &ldquo;toxic substance,&rdquo;
&ldquo;hazardous substance,&rdquo; &ldquo;hazardous waste&rdquo; or words of similar meaning and regulatory effect or (<U>ii</U>)
contains asbestos, petroleum or polychlorinated biphenyls.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>HSR Act</U>&rdquo;
shall mean the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Income Tax</U>&rdquo;
shall mean any Tax on or measured by net income.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Indebtedness</U>&rdquo;
shall mean, with respect to any Person, (<U>i</U>) all Indebtedness for Borrowed Money for which such Person is obligated, (<U>ii</U>)
obligations with respect to leases required to be accounted for as capital leases under applicable accounting principles, (<U>iii</U>)
obligations for the deferred purchase price of property or assets, including &ldquo;earn-outs&rdquo; and &ldquo;seller notes&rdquo;,
(<U>iv</U>) obligations, including any breakage costs or fees, with respect to any interest rate, currency swap, cap, forward,
or other similar arrangements designed to provide protection against fluctuations in any price or rate (valued at the termination
value thereof), (<U>v</U>) an amount equal to &euro;6,586,000, converted into U.S. dollars at the prevailing exchange rate published
by the Wall Street Journal on the Closing Date, which the parties have agreed is, for purposes of this Agreement, the amount of
the unfunded liability for the Transferred Pension Liabilities and all other post-employment employee benefits that are Assumed
Benefit Plans, (<U>vi</U>) obligations under change-of-control agreements, stay bonuses and other similar arrangements that are
Assumed Benefit Plans to the extent not accrued as a Current Liability in the Closing Working Capital and all (<U>vii</U>) Indebtedness
of others referred to in clauses (ii) through (vi) above guaranteed directly or indirectly in any manner by such Person, or in
effect guaranteed directly or indirectly by such Person.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Indebtedness for
Borrowed Money</U>&rdquo; shall mean, with respect to any Person, (<U>i</U>) all indebtedness of such Person, whether or not contingent,
for borrowed money, (<U>ii</U>) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments,
(<U>iii</U>) all reimbursement obligations of such Person under letters of credit, bank guarantees or similar facilities, but only
to the extent drawn upon and (<U>iv</U>) all Indebtedness of others referred to in clauses (i) through (iii) above guaranteed directly
or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Infinity Meter
Agreement</U>&rdquo; shall have the meaning set forth in Section 2.3(a)(viii).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Intellectual Property</U>&rdquo;
shall mean all intellectual property and related rights of any kind in any jurisdiction worldwide, whether statutory, common law,
or otherwise, including rights that are pending, recognized or granted and rights in, to and concerning (i) patents, patent applications,
invention disclosure statements and statutory invention registrations, utility models and applications for utility models, inventor&rsquo;s
certificates and applications for inventor&rsquo;s certificates, including divisionals, continuations, continuations-in-part, foreign
counterparts, re-issues and re-examinations thereof, (ii) trademarks, service marks, trade dress, logos, brand names (including
any rights in any product names as a trademark or service mark), trade names, domain names, corporate names, fictitious and other
business names, any other indicia of source or origin and all registrations and applications for registration of the foregoing
(and any extensions, modifications and renewals of any such registrations and applications), including all intent-to-use registrations
or similar reservation of rights, together with the goodwill symbolized by any of the foregoing, (iii) rights in published and
unpublished original works of authorship and copyrights therein, copyright registrations and applications for registration thereof
and all renewals, extensions, restorations and reversions thereto, or other registered and unregistered</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt">copyrights and applications
for registration of copyright, moral rights and waivers and consents not to enforce such moral rights, (iv) rights in any and all
computer programs and other software, including firmware and microcode, and including software implementations of algorithms, computer
program architecture, models and methodologies, whether in source code, object code, executable code and components thereof, or
other form, including libraries, subroutines and other components thereof, data bases, compilations of information, and websites
including content and graphics, systems, network tools, data, databases, firmware and related documentation, (v) internet domain
names, URLs and social media identifiers and accounts and (vi) rights in other confidential and proprietary information, inventions,
formulas, processes, developments, technology, research, industrial designs, trade secrets and know-how.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Interests</U>&rdquo;
shall have the meaning set forth in <U>Section 1.3(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Interim Period</U>&rdquo;
shall have the meaning set forth in <U>Section 2.5(d)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>IP License Agreement</U>&rdquo;
shall have the meaning set forth in <U>Section 2.3(a)(vi)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>IRS</U>&rdquo;
shall mean the Internal Revenue Service of the United States.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Key Customers</U>&rdquo;
shall have the meaning set forth in <U>Section 3.23(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Key Vendors</U>&rdquo;
shall have the meaning set forth in <U>Section 3.24(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Knowledge of the
Seller</U>&rdquo; shall mean the actual knowledge of Grant Miller, Ray Altieri, Phil Landler, Neil Diamond, John Lillis, John Marino,
Mike Rollo, Linda Paoletta or David Denney, in each case after reasonable inquiry.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Labor Contract</U>&rdquo;
shall have the meaning set forth in <U>Section 3.19(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Law</U>&rdquo;
shall mean any law, statute, ordinance, rule, code, decree, order, requirement or regulation of any Governmental Authority.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Lease Servicing
Agreement</U>&rdquo; shall have the meaning set forth in Section 2.3(a)(vii).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Liability</U>&rdquo;
shall mean any direct or indirect liability, indebtedness, claim, loss, damage, deficiency, obligation or responsibility, fixed
or unfixed, choate or inchoate, liquidated or unliquidated, secured or unsecured, accrued, absolute, known or unknown, contingent
or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Limited Guaranty</U>&rdquo;
shall have the meaning set forth in <U>Section 4.7</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Local Closing
Date</U>&rdquo; shall have the meaning set forth in Section 2.5(b).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Local Transfer
Agreement</U>&rdquo; shall mean any agreement or instrument of conveyance or assumption entered into or delivered in connection
with the transfer of the Transferred Equity Interests or the Transferred Assets to the Purchaser or for the Purchaser to assume
the Assumed Liabilities, in any jurisdiction where the Business is organized or operates.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Losses</U>&rdquo;
shall mean any losses, costs or expenses (including reasonable attorneys&rsquo; fees and expenses), judgments, fines, claims, damages
and assessments.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Maintenance Services
Agreement</U>&rdquo; shall have the meaning set forth in <U>Section 2.3(a)(x)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Management Accounts</U>&rdquo;
shall have the meaning set forth in <U>Section 3.6(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Marketing Information</U>&rdquo;
means such financial and other pertinent information regarding the Business (other than the Updated Financial Statements and Required
Financing Information described in clauses (i) and (ii) of the definition thereof) as may be reasonably requested by the Purchaser
or the Debt Financing Sources and customarily delivered by a borrower and necessary for the preparation of a customary confidential
information memorandum for senior secured revolving and term loan financings, and other customary marketing materials to be used
in connection with the syndication of senior secured revolving and term loan financings, as may be requested by the Purchaser from
the Seller with specificity no later than thirty-five (35) days prior to the Trigger Date; provided, however, that Marketing Information
shall not include any information which would be unduly burdensome after the use of commercially reasonable efforts for the Seller
and its Affiliates to produce.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Marketing Period</U>&rdquo;
means the first period of twenty (20) consecutive Business Days beginning on the Marketing Period Commencement Date; provided,
however, that May 28, 2018 and July 4, 2018 shall be excluded for such purposes; provided, further that the Marketing Period shall
end on any earlier date on which the portion of the Debt Financing contemplated by the Debt Commitment Letter to be funded on
the Closing Date is funded.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Marketing Period
Commencement Date</U>&rdquo; means the first Business Day occurring after the date on which Purchaser shall have received (i) the
Updated Financial Statements for the fiscal quarter ending March 31, 2018 and (ii) all of the Required Financing Information; <U>provided</U>
that if the Purchaser has not received all of the information referred to in the foregoing clauses (i) and (ii) prior to August
14, 2018, then the Marketing Period Commencement Date shall not have occurred until the first Business Day after the Purchaser
has received, in addition to all such information, the Updated Financial Statements for the fiscal quarter ending June 30, 2018.
If Seller shall in good faith reasonably believe that it has delivered to the Purchaser all of the foregoing information necessary
to cause the Marketing Period Commencement Date to occur, the Seller may notify the Purchaser in writing that the Seller reasonably
believes that it has delivered such information to the Purchaser and that the Marketing Period Commencement Date has therefore
occurred, and delivery of such written notice shall be deemed to be conclusive evidence of the commencement of the Marketing Period
unless the Purchaser reasonably objects in writing within five (5) Business Days of receipt of such notice and the Purchaser delivers
a written notice to the Seller (such notice from the Purchaser, the &ldquo;<U>Marketing Period Notice</U>&rdquo;) to that effect
(stating with specificity which of such information has not been delivered); <U>provided</U> two (2) Business Days following the
delivery to the Purchaser of such information as set forth in the Marketing Period Notice, the Marketing Period Commencement Date
shall occur. Notwithstanding the foregoing, unless otherwise agreed by the Purchaser, if the Marketing Period Commencement Date
occurs after July 23, 2018 and prior to September 4, 2018, the Marketing Period Commencement Date shall be deemed to have occurred
on September 4, 2018.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Marketing Period
Notice</U>&rdquo; has the meaning as set forth in the definition of Marketing Period.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Marks</U>&rdquo;
shall have the meaning set forth in <U>Section 5.13</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Material Contract</U>&rdquo;
shall have the meaning set forth in <U>Section 3.15(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Morangis Real
Property Sublease Assignment</U>&rdquo; shall have the meaning set forth in <U>Section 2.3(a)(iii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Morangis Transferred
Real Property Sublease</U>&rdquo; shall have the meaning set forth in <U>Section 1.2(a)(vi)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>New Contract</U>&rdquo;
shall have the meaning set forth in <U>Section 5.7(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Non-Income Tax</U>&rdquo;
shall mean Tax other than Income Tax, including gross income or gross receipts, VAT, employment, payroll, social security, disability,
unemployment, workers&rsquo; compensation, gross-basis or estimated withholding, or other similar Tax.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Notification and
Information Processes</U>&rdquo; shall have the meaning set forth in <U>Section 5.11(d)(i)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Offer Employee</U>&rdquo;
shall have the meaning set forth in <U>Section 5.10(c)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Owned Real Property</U>&rdquo;
shall have the meaning set forth in <U>Section 3.16(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Payroll Services</U>&rdquo;
shall have the meaning set forth in <U>Section 5.10(s)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Permit</U>&rdquo;
shall mean any permit, franchise, authorization, license or other approval issued or granted by any Governmental Authority relating
primarily to the Business or the Purchaser&rsquo;s business, as applicable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Permitted Encumbrances</U>&rdquo;
shall mean such of the following: (<U>i</U>) mechanics&rsquo;, carriers&rsquo;, workmen&rsquo;s, repairmen&rsquo;s or other like
Encumbrances arising or incurred in the ordinary course of business for amounts not yet delinquent or which are being contested
in good faith by appropriate legal proceedings, (<U>ii</U>) Encumbrances arising under original purchase price conditional sales
contracts and equipment leases with third parties entered into in the ordinary course of business, (<U>iii</U>) Encumbrances for
Taxes and other governmental charges that are not due and payable, or are being contested in good faith by appropriate proceedings
or may thereafter be paid without penalty, (<U>iv</U>) imperfections of title, restrictions or Encumbrances, if any, which imperfections
of title, restrictions or other Encumbrances do not, individually or in the aggregate, materially impair the value, continued use
or operation of the specific assets to which they relate, (<U>v</U>) software or other similar third-party licenses granted by
the Business, as applicable, in the ordinary course of business, (<U>vi</U>) Encumbrances that represent the rights of customers,
suppliers, licensors and subcontractors in the ordinary course of business under the terms of the Transferred Business Contracts
or under general principles of commercial or government contract law, (<U>vii</U>) Encumbrances that will be removed at or prior
to Closing, and (<U>viii</U>) any Encumbrance set forth in Section 3.3 of the Disclosure Schedules.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Person</U>&rdquo;
shall mean an individual, corporation, partnership, firm, limited liability company, association, trust, unincorporated organization,
entity or group.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<FONT STYLE="font-weight: normal"><U>Personal
Information</U>&rdquo; shall </FONT>mean information about an identified or identifiable individual, including an individual&rsquo;s
combined first and last names, home address, telephone number, email address, social security number, driver&rsquo;s license number,
passport number and credit card or other financial information.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Presort Commercial
Agreement</U>&rdquo; shall have the meaning set forth in <U>Section 2.3(a)(ix)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Presort Side Letter</U>&rdquo;
shall have the meaning set forth in <U>Section 2.3(a)(xi)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Privacy Laws</U>&rdquo;
shall mean all Laws regarding the collection, use, storage, disclosure or other processing of Personal Information, including but
not limited to Laws, regulations, guidelines and codes of practice relating to data protection, information security, cybercrime,
use of electronic data and privacy matters in any applicable jurisdictions.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Purchase Price</U>&rdquo;
shall have the meaning set forth in <U>Section 1.5</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Purchaser</U>&rdquo;
shall have the meaning set forth in the Preamble.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Purchaser Flexible
Spending Account Plan</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(n)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Purchaser 401(k)
Plan</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(i)(i)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Purchaser Fundamental
Representations</U>&rdquo; shall mean <U>Section 4.1</U> (Corporate Status), <U>Section 4.2</U> (Authority), <U>Section 4.4</U>
(Finder&rsquo;s Fee) and <U>Section 4.5</U> (Solvency).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Purchaser Welfare
Plans</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(h)(i)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Put Option Price</U>&rdquo;
shall have the meaning set forth in <U>Section 5.11(c)(iv)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>R&amp;W Insurance
Policy</U>&rdquo; shall have the meaning set forth in <U>Section 5.18</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Real Property
License Agreements</U>&rdquo; shall have the meaning set forth in Section 2.3(a)(v).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Reference Balance
Sheet</U>&rdquo; shall have the meaning set forth in <U>Section 3.6(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Registered IP</U>&rdquo;
shall have the meaning set forth in <U>Section 3.9(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Relevant Persons</U>&rdquo;
shall have the meaning set forth in <U>Section 3.12</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Required Financing
Information</U>&rdquo; means (i) the financial statements referred to in <U>Section 3.6(a)</U>, (ii) the 2017 Audited Financial
Statements and (iii) the Marketing Information.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>SEC</U>&rdquo;
shall have the meaning set forth in <U>Article III</U>.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Seller</U>&rdquo;
shall have the meaning set forth in the Preamble.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Seller Flexible
Spending Account Plan</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(n)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Seller Fundamental
Representations</U>&rdquo; shall mean <U>Section 3.1</U> (Due Organization), <U>Section 3.2</U> (Authority), <U>Section 3.3(a)</U>
(Title to Transferred Equity Interests; No Indebtedness of Transferred Entity) and <U>Section 3.21</U> (Finder&rsquo;s Fee).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Seller Group</U>&rdquo;
shall mean, collectively, the Seller and each Subsidiary of the Seller. Prior to the Closing, the Seller Group shall include the
Transferred Entity, and after the Closing the Seller Group shall exclude the Transferred Entity.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Seller Guarantees</U>&rdquo;
shall mean, collectively, all letters of credit, guarantees, surety bonds, performance bonds, net worth maintenance agreements,
reimbursement obligations, letters of comfort and other financial assurance obligations issued or entered into by or on behalf
of (or for the account of) any member of the Seller Group, other than any such obligations entered into by the Transferred Entity,
in connection with the Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Seller Insurance</U>&rdquo;
shall have the meaning set forth in <U>Section 5.16</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Seller Marks</U>&rdquo;
shall have the meaning set forth in <U>Section 5.13</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Seller Retiree
Welfare Plans</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(l)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Selling Parties</U>&rdquo;
shall mean, collectively, the Seller and any of its Subsidiaries other than the Transferred Entity that own any assets related
to the Business that are included in the scope of the defined term &ldquo;Transferred Assets&rdquo; or are subject to any Liabilities
related to the Business that are included in the scope of the defined term &ldquo;Assumed Liabilities&rdquo;, and &ldquo;<U>Selling
Party</U>&rdquo; shall mean any of the Selling Parties.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Severance Obligations</U>&rdquo;
shall mean any statutory, contractual, common law or other severance payments or other separation benefits, whether pursuant to
applicable Law, any applicable plan or policy, any applicable individual employment agreement or arrangement, any Labor Contract
or otherwise (including any compensation payable during a mandatory termination notice period, any continued compensation, severance
payments or other separation benefits payable pursuant to a judgment of a court having competent jurisdiction) and the employer
portion of any employment Taxes with respect to all such severance payments or other separation benefits.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Shared Contract</U>&rdquo;
shall mean any Contract to which any member of the Seller Group is a party or by which any member of the Seller Group is bound
that inures to the benefit or burden of each of the Business and any other business conducted by any member of the Seller Group.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Solvent</U>&rdquo;
shall have the meaning set forth in <U>Section 4.5</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Sponsor</U>&rdquo;
shall have the meaning set forth in <U>Section 4.6(a)</U>.</P>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Subsidiary</U>&rdquo;
of a Person shall mean any corporation or other legal entity of which such Person (either alone or through or together with any
other Subsidiary or Subsidiaries) is the general partner or managing entity or of which at least a majority of the stock or other
equity interests the holders of which are generally entitled to vote for the election of the board of directors or others performing
similar functions of such corporation or other legal entity is directly or indirectly owned or Controlled by such Person (either
alone or through or together with any other Subsidiary or Subsidiaries).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Target Working
Capital</U>&rdquo; shall mean (a) in the event that the French Put Option is exercised at or prior to Closing, $82,907,000.00 and
(b) in the event that the French Put Option is not exercised at or prior to Closing, $82,907,000.00 <U>minus</U> the French Target
Working Capital.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Tax</U>&rdquo;
shall mean any federal, state, local or foreign income, alternative, minimum, accumulated earnings, personal holding company, franchise,
capital stock, profits, windfall profits, gross receipts, sales, use, value added, transfer, registration, stamp, premium, excise,
customs duties, severance, environmental (including taxes under section 59A of the Code), real property, personal property, ad
valorem, occupancy, license, occupation, employment, payroll, social security, disability, unemployment, workers&rsquo; compensation,
withholding, estimated or other similar tax, duty, fee, assessment or other governmental charge or deficiencies thereof and any
liability under any escheat law or other law relating to unclaimed property, including in each case, all interest and penalties
thereon and additions thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Tax Return</U>&rdquo;
shall mean any report, return, election, statement or other document or similar filing (including the attached schedules) required
to be filed with respect to Taxes, including any information return, claim for refund, amended return, or declaration of estimated
Taxes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Termination Date</U>&rdquo;
shall mean the date that is five (5) months after the date of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transaction Documents</U>&rdquo;
shall mean, collectively, this Agreement, the Bill of Sale, Assignment and Assumption Agreement, the Transition Services Agreement,
the Morangis Real Property Sublease Assignment, any agreement entered into as provided in Section 5.27 of the Disclosure Schedules,
the Real Property License Agreements, the IP License Agreement, the Local Transfer Agreements and the other documents and agreements
contemplated hereby and thereby.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transfer Act</U>&rdquo;
shall mean the Connecticut Transfer Act, C.G.S. &sect; 22a-134, <I>et seq</I>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transfer Taxes</U>&rdquo;
shall have the meaning set forth in <U>Section 5.23(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferred Assets</U>&rdquo;
shall have the meaning set forth in <U>Section 1.2(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferred Benefit
Plan Assets</U>&rdquo; shall have the meaning set forth in <U>Section 1.2(a)(xiii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferred Business
Contracts</U>&rdquo; shall have the meaning set forth in <U>Section 1.2(a)(v)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferred Employee</U>&rdquo;
shall have the meaning set forth in <U>Section 5.10(c)</U>.</P>




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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferred
Entity</U>&rdquo; shall mean Technopli SARL, a <I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e</I> organized
under the laws of France.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferred
Equity Interests</U>&rdquo; shall have the meaning set forth in <U>Section 3.3</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferred
Intellectual Property</U>&rdquo; shall mean all the Intellectual Property owned by any member of the Seller Group that is listed
or described in Section 8.2(a)(ii) of the Disclosure Schedules. For the avoidance of doubt, the term &ldquo;Transferred Intellectual
Property&rdquo; does not include third party Intellectual Property used by the Seller Group under license.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferred
Inventory</U>&rdquo; shall mean all inventory, including raw materials, work-in-process, goods-in-transit and finished goods owned
by any member of the Seller Group, in each case that exclusively relate to, or are used or are held for use in connection with
the Business and all inventory listed on Section 8.2(a)(iii) of the Disclosure Schedules, and any prepaid deposits for any of the
same.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferred
Pension Liabilities</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(k)(i)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferred
Personal Property</U>&rdquo; shall mean all tangible personal property, including tools, vehicles, machinery, equipment, furnishings,
furniture, computer equipment, office equipment and supplies (other than Transferred Inventory and any items disposed of after
the date hereof in the ordinary course of business), exclusively relating to or used or held for use exclusively in connection
with the Business and all tangible personal property listed or described on <U>Section 8.2(a)(iv)</U> of the Disclosure Schedules.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transferring
Indebtedness</U>&rdquo; shall mean the aggregate amount of Indebtedness (a) constituting an Assumed Liability (which shall exclude,
for the avoidance of doubt, any Indebtedness for Borrowed Money) and (b) of the Transferred Entity.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Transition
Services Agreement</U>&rdquo; shall have the meaning set forth in <U>Section 2.3(a)(ii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Trigger Date</U>&rdquo;
shall mean June 29, 2018, or such later date as provided in <U>Section 5.15(a)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Updated Financial
Statements</U>&rdquo; means (i) the 2017 Audited Financial Statements and (ii) for each fiscal quarter end occurring after December
31, 2017 and at least forty-five (45) days prior to the Closing Date, a management-prepared unaudited adjusted balance sheet of
the Business and the related management-prepared unaudited adjusted combined statement of operations of the Business for such fiscal
quarter-end, in each case prepared in accordance with GAAP, subject in each case to changes resulting from audit and normal year-end
audit adjustment and to the absence of footnotes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>U.S. Business
Employees</U>&rdquo; means those Business Employees who, as of immediately prior to the Closing Date, are principally employed
in the United States or, in the case of employees on leave, who were principally employed in the United States at the time they
began such leave.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>VAT</U>&rdquo;
shall mean value added Tax and any equivalent Tax, including interest and penalties thereon.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>WARN</U>&rdquo;
shall have the meaning set forth in <U>Section 5.10(o)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&ldquo;<U>Welfare Benefit
Claims</U>&rdquo; shall have the meaning set forth in <U>Section 5.10(h)(iii)</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) Unless the context
otherwise requires, as used in this Agreement: (<U>i</U>) an accounting term not otherwise defined herein has the meaning ascribed
to it in accordance with GAAP; (<U>ii</U>) &ldquo;or&rdquo; is not exclusive; (<U>iii</U>) &ldquo;including&rdquo; and its variants
mean &ldquo;including, without limitation&rdquo; and its variants; (<U>iv</U>) the word &ldquo;extent&rdquo; in the phrase &ldquo;to
the extent&rdquo; means the degree to which a thing extends, and does not mean simply &ldquo;if&rdquo;; (<U>v</U>) words defined
in the singular have the parallel meaning in the plural and vice versa; (<U>vi</U>) words of one gender shall be construed to apply
to each gender; (<U>vii</U>) the terms &ldquo;hereof&rdquo;, &ldquo;herein&rdquo;, &ldquo;hereby&rdquo;, &ldquo;hereto&rdquo;,
and derivative or similar words, refer to this entire Agreement, including the Schedules hereto and not to any particular provision
of this Agreement; (<U>viii</U>) the terms &ldquo;Article&rdquo;, &ldquo;Section&rdquo;, &ldquo;Exhibit&rdquo; and &ldquo;Schedule&rdquo;
refer to the specified Article, Section, Exhibit or Schedule of or to this Agreement; (<U>ix</U>) any grammatical form or variant
of a term defined in this Agreement shall be construed to have a meaning corresponding to the definition of the term set forth
herein; (<U>x</U>) a reference to any Person includes such Person&rsquo;s successors and permitted assigns; (<U>xi</U>) any reference
to &ldquo;days&rdquo; means calendar days unless Business Days are expressly specified; (<U>xii</U>) except where the context otherwise
makes clear (e.g., &ldquo;third parties&rdquo;) &ldquo;party&rdquo; or &ldquo;parties&rdquo; shall refer to parties to this Agreement;
(<U>xiii</U>) any reference to &ldquo;$&rdquo; is to U.S. dollars; and (<U>xiv</U>) the date and/or time on which any event occurs
shall be the date and/or time in New York City on and/or at which such event occurs. All Exhibits and Disclosure Schedules annexed
hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. No provision
of this Agreement will be interpreted in favor of, or against, any of the parties to this Agreement by reason of the extent to
which any such party or its counsel participated in the drafting thereof or by reason of the extent to which any such provision
is inconsistent with any prior draft hereof, and no rule of strict construction will be applied against any party hereto. &ldquo;Writing&rdquo;,
&ldquo;written&rdquo; and comparable terms refer to printing, typing and other means of reproducing words (including electronic
media) in a visible form. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented
from time to time in accordance with the terms hereof and thereof. References to any document being made available by the Seller
to the Purchaser means that the Seller made such documents available to the Purchaser prior to the date hereof. References from
or through any date mean, unless otherwise specified, from and including or through and including, respectively. If any action
under this Agreement is required to be done or taken on a day that is not a Business Day, then such action shall not be required
to be done or taken on such day but on the first succeeding Business Day thereafter.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.3. <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 materially adverse to any party.
Upon a determination that any term or other provision is invalid, illegal or incapable of being enforced, the Seller and the Purchaser
shall negotiate in good faith to modify this Agreement so as to affect their original intent as closely as possible in</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">an acceptable manner
to the end that the transactions contemplated hereby are fulfilled to the maximum extent possible.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.4. <U>Entire
Agreement; No Third-Party Beneficiaries</U>. This Agreement and the other Transaction Documents, including all exhibits and schedules
attached hereto and thereto and the Confidentiality Agreement constitute the entire agreement and supersede any and all other prior
agreements and undertakings, both written and oral, among the parties hereto, or any of them, with respect to the subject matter
hereof. This Agreement does not, and is not intended to, confer upon any Person other than the parties to this Agreement any rights
or remedies hereunder. Notwithstanding anything to the contrary contained herein, the Debt Financing Sources shall be and are express,
intended third party beneficiaries of, and may enforce, this <U>Section 8.4</U>, <U>Section 8.5</U> and <U>Section 8.16</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.5. <U>Amendment;
Waiver</U>. This Agreement may be amended only in a writing signed by all parties hereto. Any waiver of rights hereunder must be
set forth in writing. A waiver of any breach or failure to enforce any of the terms or conditions of this Agreement shall not in
any way affect, limit or waive either party&rsquo;s rights at any time to enforce strict compliance thereafter with every term
or condition of this Agreement. Any amendment, modification or waiver of <U>Section 5.14(a)</U>, <U>Section 8.4</U>, <U>Section
8.16</U> or this <U>Section 8.5</U> (or of any other provision of this Agreement to the extent an amendment, modification or waiver
of such provision would modify the substance of any of such provisions) in a manner that would be adverse in any respect to a Debt
Financing Source shall require the prior written consent of such Debt Financing Source.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.6. <U>Binding
Effect; Assignment</U>. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective
legal representatives and successors. Notwithstanding the foregoing, this Agreement shall not be assigned by any party hereto by
operation of Law or otherwise without the express written consent of each of the other parties; <U>provided</U>, <U>however</U>,
that no consent of the Seller will be required for any assignment by the Purchaser of (<U>i</U>) any of its rights or obligations
hereunder to any Affiliate, provided that no such assignment shall relieve the Purchaser or its obligations to the Seller hereunder,
(<U>ii</U>) any rights hereunder pursuant to a collateral assignment of its rights hereunder to any Debt Financing Source or (<U>iii</U>)
of all of Purchaser&rsquo;s rights and obligations hereunder to any purchaser of all or substantially all of the Business.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.7. <U>Disclosure
Schedules</U>. The Disclosure Schedules shall be construed with and as an integral part of this Agreement to the same extent as
if the same had been set forth verbatim herein. Any matter disclosed pursuant to the Disclosure Schedules shall not be deemed to
be an admission or representation as to the materiality of the item so disclosed. With respect to the Disclosure Schedules, any
disclosure made on any section or subsection thereof with respect to any representation or warranty shall be deemed to be made
with respect to any representation or warranty to which it is reasonably apparent that it relates.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.8. <U>Specific
Performance</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) The parties agree
that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance
with their specific terms or were</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">otherwise breached and
money damages would be both incalculable and an insufficient remedy for any such failure to perform or breach of this Agreement.
It is accordingly agreed that, subject to <U>Section 8.8(b)</U>, the parties shall be entitled to seek 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 they are entitled at law or in equity. The parties hereby waive, in any action for specific performance,
the defense of adequacy of a remedy at law and the posting of any bond or other security in connection therewith. Nothing contained
herein shall prevent a party from seeking damages in the event that specific performance is not available.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) Notwithstanding
anything to the contrary in this Agreement, including this <U>Section 8.8</U>, it is agreed that the Seller shall only be entitled
to specific performance of the Purchaser&rsquo;s obligation to cause the Equity Financing to be funded if (<U>i</U>) all of the
conditions set forth in <U>Section 6.1</U> and <U>Section 6.2</U> have been satisfied or waived (other than those conditions which
by their nature cannot be satisfied until the Closing, but which conditions are, at the time that the Seller seeks specific performance
pursuant to this <U>Section 8.8(b)</U>, capable of being satisfied if Closing were to occur at such time, other than any conditions
that have not been satisfied as a result of the Purchaser&rsquo;s breach of this Agreement), (<U>ii</U>) the Purchaser fails to
complete the Closing by the date the Closing is required to have occurred pursuant to <U>Section 2.1</U> (ignoring, for purposes
of determining whether the Closing is required to have occurred pursuant to <U>Section 2.1</U>, any conditions set forth in <U>Section
6.1</U> and <U>Section 6.2</U> that have not been satisfied as a result of the Purchaser&rsquo;s breach of this Agreement) and
(<U>iii</U>) the Seller has confirmed that, if specific performance is granted and the Equity Financing is funded, then the Seller
shall take such actions as are within its control to cause the Closing to occur.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.9. <U>Governing
Law, etc</U>. This Agreement shall be governed in all respects, including as to validity, interpretation and effect, by the internal
laws of the State of Delaware, without giving effect to the conflict of laws rules thereof to the extent that the application of
the law of another jurisdiction would be required thereby. Each party hereby irrevocably agrees that any action, suit or other
proceeding arising out of or relating to this Agreement or any transaction contemplated hereby shall be brought in the Delaware
Court of Chancery and any state appellate court therefrom within the State of Delaware (or, if the Delaware Court of Chancery declines
to accept jurisdiction over a particular matter, then any state or federal court within the State of Delaware), and each party
hereby submits to the exclusive jurisdiction of such courts in any such suit, action or other proceeding. A final judgment in any
such suit, action or other proceeding may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by Law. Each party irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or other proceeding
arising out of or relating to this Agreement or any transaction contemplated hereby in such courts, and hereby irrevocably and
unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or other proceeding brought
in any such court has been brought in an inconvenient forum. Each party further agrees that service of any process, summons, notice
or document to such party pursuant to <U>Section 8.1</U>, or in such other manner as may be permitted by Law, shall be valid and
sufficient service thereof. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO TRIAL
BY JURY IN CONNECTION WITH ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THE ACTIONS OF THE PARTIES IN THE NEGOTIATION, EXECUTION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.10. <U>Construction</U>.
The headings of Articles and Sections in this Agreement are provided for convenience only and will not affect its construction
or interpretation. The language used in this Agreement is the language chosen by the parties to express their mutual intent, and
no rule of strict construction shall be applied against any party.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.11. <U>Local
Transfer Agreements</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) The parties do
not intend this Agreement to transfer title to the Transferred Equity Interests or to any Transferred Assets, or to constitute
the assumption of any Assumed Liabilities, in any jurisdiction in which such transfer or assumption is required by applicable Law
to be made pursuant to a Local Transfer Agreement, in which case the Transferred Equity Interests or any such Transferred Assets
or Assumed Liabilities, as applicable, shall only be transferred or assumed by the applicable Local Transfer Agreement (which transfers
and assumptions shall, except as otherwise expressly set forth herein, be on an &ldquo;as-is&rdquo;, &ldquo;where-is&rdquo; basis,
without representation or warranty of any kind or nature). The parties shall not enter into any Local Transfer Agreement with respect
to a jurisdiction in which the Seller has an obligation to inform and consult with Business Employees regarding the transactions
contemplated hereby, until such information and consultation process has concluded, and such Local Transfer Agreement shall reflect
any changes as may be reasonably agreed by the parties to take into account the results of such information and consultation process.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b)  Notwithstanding
the generality of <U>Section 8.11(a)</U>, to the extent that the provisions of a Local Transfer Agreement (including any provisions
required by local Law to be included in the Local Transfer Agreement) are inconsistent with, or (except to the extent they implement
a transfer in accordance with this Agreement) additional to, the provisions of this Agreement (or do not fully give effect to the
provisions of this Agreement with respect to the transfer of the Transferred Equity Interests and Transferred Assets or the assumption
of Assumed Liabilities): (<U>i</U>) the provisions of this Agreement shall prevail; and (<U>ii</U>) so far as permissible under
applicable Law of the relevant jurisdiction, the Seller Group and the Purchaser shall cause the provisions of the relevant Local
Transfer Agreement to be adjusted, to the extent necessary to give effect to the provisions of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(c)  Each party hereto
shall not, and shall cause its respective Affiliates not to, bring any claim (including for breach of any warranty, representation,
undertaking, covenant or indemnity relating to the transactions contemplated hereby) against the other party or any of its Affiliates
in respect of or based upon any of the Local Transfer Agreements, except to the extent necessary to enforce any transfer of the
Transferred Equity Interests and Transferred Assets or the assumption of Assumed Liabilities sold or assigned to the Purchaser
hereunder in a manner consistent with the terms of this Agreement. All such claims (except as referred to above) shall be brought
in accordance with, and be subject to the provisions, rights and limitations set out in, this Agreement, and no party shall be
entitled to recover damages or obtain payment, reimbursement, restitution or indemnity under or pursuant to any of the Local Transfer
Agreements (but without prejudice to the establishment of the existence of the claim hereunder). To the extent that a party does
bring such a claim (except as referred to above), that party shall indemnify the other party (and/or that other party&rsquo;s relevant
Affiliates) against all Losses which it or they may suffer through or arising from the bringing of such claim against it or them.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.12. <U>Provision
Respecting Legal Representation</U>. Each party to this Agreement agrees, on its own behalf and on behalf of its Affiliates and
representatives, that Debevoise&nbsp;&amp; Plimpton LLP may serve as counsel to the Seller, on the one hand, and the Business and
the Transferred Entity, on the other hand, in connection with the negotiation, preparation, execution and delivery of this Agreement
and the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby, and that, following
consummation of such transactions, Debevoise&nbsp;&amp; Plimpton LLP (or any successor) may serve as counsel to the Seller or any
Affiliate or representative of the Seller, in connection with any litigation, claim or obligation arising out of or relating to
this Agreement, the other Transaction Documents or such transactions notwithstanding such prior representation of the Business
or the Transferred Entity and each party to this Agreement consents thereto and waives any conflict of interest arising therefrom,
and each party to this Agreement shall cause its Affiliates and representatives to consent to waive any conflict of interest arising
from such representation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.13. <U>Privilege</U>.
The Purchaser, for itself and its Affiliates, and its and its Affiliates&rsquo; respective successors and assigns, hereby irrevocably
and unconditionally acknowledges and agrees that all attorney-client privileged communications between the Seller, the Transferred
Entity or their respective current or former Affiliates or representatives and their counsel, including Debevoise&nbsp;&amp; Plimpton
LLP, made before the consummation of the Closing in connection with the negotiation, preparation, execution, delivery and Closing
under this Agreement or any Transaction Document, any dispute arising from this Agreement, the other</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">Transaction Documents
or any of the transactions contemplated hereby or thereby or, before the Closing, any other matter, shall continue after the Closing
to be privileged communications with such counsel and neither the Purchaser nor any of its former or current Affiliates or representatives
nor any Person purporting to act on behalf of or through the Purchaser or any of its current of former Affiliates or representatives,
shall seek to obtain the same by any process on the grounds that the privilege attaching to such communications belongs to the
Purchaser, the Transferred Entity or the Business or on any other grounds.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.14. <U>Counterparts</U>.
This Agreement may be executed simultaneously in one or more counterparts (including by facsimile or electronic .pdf submission),
and by the different parties in separate counterparts, each of which when executed shall be deemed to be an original, but all of
which shall constitute one and the same agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.15. <U>No
Survival</U>. None of the representations and warranties contained in this Agreement, or in any certificate delivered by any party
at Closing, will survive the Closing, and none of the parties shall have any liability to each other after the Closing for any
breach thereof. The covenants and agreements which contemplate performance prior to the Closing will survive until the first anniversary
of the Closing Date, and the covenants and agreements which contemplate performance after the Closing will survive in accordance
with their respective terms.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">Section 8.16. <U>Debt
Financing Sources</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(a) Seller hereby
(i) acknowledges that none of the Debt Financing Sources shall have any liability under this Agreement for any claim based on,
in respect of, or by reason of, the transactions contemplated hereby, including, but not limited to, any dispute related to, or
arising from, the Debt Commitment Letter, the Debt Financing or any related agreements or the performance thereof, (ii) waives
any rights or claims against any of the Debt Financing Sources under this Agreement, the Debt Commitment Letter, the Debt Financing
or any related agreements or the performance thereof, whether at law or in equity, in contract, in tort or otherwise, and (iii)
agrees not to commence (and if commenced agrees to dismiss or otherwise terminate, and not to assist) any action, arbitration,
audit, hearing, investigation, litigation, petition, grievance, complaint, suit or proceeding against any Debt Financing Source
arising out of this Agreement in connection with this Agreement, the Debt Commitment Letter, the Debt Financing or any related
agreements or the performance thereof or the transactions contemplated hereby or thereby.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">(b) <FONT STYLE="color: black">Notwithstanding
anything to the contrary in this Agreement, each party hereto agrees (i) that it will not bring or support any legal action, suit
or proceeding of any kind or description (whether at law, in equity, in contract, in tort or otherwise) against any Debt Financing
Source in any way relating to this Agreement or the transactions contemplated hereby including any dispute arising out of or relating
in any way to the Debt Financing or the performance thereof, in any forum other than any federal or state court located in the
State of New York in New York County in the Borough of Manhattan, (ii) that any such legal action, suit or proceeding shall be
governed by, and construed in accordance with, the laws of the State of New York, without regard to the conflicts of law rules
of such State that would result in the application of the laws of any other State, (iii) to waive and hereby waives, irrevocably
and</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">unconditionally, any
right to a trial by jury in any such legal action, suit or proceeding and (iv) to waive and hereby waives, to the fullest extent
permitted by law, any objection which such party may now or hereafter have to the laying of venue of, and the defense of an inconvenient
forum to the maintenance of, any such legal action, suit or proceeding in any such court.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0pt"><I>[Signature Page Follows.]</I></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed as of the date first written above.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD COLSPAN="2">PITNEY BOWES INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 1%">By:</TD>
    <TD STYLE="width: 39%; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">STARK ACQUISITION CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1px solid"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 234pt"> </P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature page to the Asset Purchase Agreement]</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">Exhibit 99.1</P>

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

<P STYLE="color: #5B9BD5; font: 24pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 12pt; text-align: right"><IMG SRC="x1_c91138a001.jpg" ALT=""></P>

<P STYLE="color: rgb(91,155,213); font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 12pt; text-align: left">&nbsp;</P>

<P STYLE="color: #5B9BD5; font: 24pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">Press Release</P>

<P STYLE="color: rgb(91,155,213); font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Platinum Equity to Acquire Pitney Bowes&rsquo;
Global Production Mail Business</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Stamford, CT., April 30, 2018</B> &ndash; Pitney Bowes Inc.
(NYSE: PBI), a global technology company that provides commerce solutions in the areas of shipping and mailing, data, and ecommerce,
today announced that Platinum Equity has signed a definitive agreement to acquire the Company&rsquo;s Document Messaging Technologies
(DMT) production mail business and supporting software for $361 million, subject to certain adjustments. The company anticipates
proceeds from the sale of approximately $270 million, net of estimated closing costs, transaction fees and taxes. Pitney Bowes
expects to use the majority of the net proceeds from the sale to pay down debt.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The transaction is likely to be completed late in the second
or early in the third quarter subject to customary closing conditions.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Pitney Bowes&rsquo; Document Messaging Technologies production
mail business is a global leader in enterprise print, mail and customer communications solutions. Platinum Equity is a leading
global private equity firm with a highly specialized focus on business operations and more than 20 years&rsquo; experience acquiring
and operating businesses that have been part of large corporate entities.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&ldquo;DMT is a leader in its market with all the tools it needs
to thrive as a standalone business. It has a broad range of advanced inserting, sorting and print solutions and a committed global
workforce that delivers world-class client satisfaction,&rdquo; said Platinum Equity Principal Adam Cooper. &ldquo;We look forward
to partnering with the management team to drive operational excellence and invest in growth, both organically and through prospective
strategic acquisitions.&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Also included in the transaction is the enterprise mail, print
and data management software business that integrates data with print streams to optimize document output for high-volume production
mailers.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&ldquo;In November 2017, we initiated a review of strategic alternatives
to create long-term shareholder value,&rdquo; said Marc Lautenbach, Chief Executive Officer, Pitney Bowes. &ldquo;Our decision
to sell our Document Messaging Technology business is the result of a thorough evaluation of the best opportunity for long-term
growth for both DMT and Pitney Bowes. As a stand-alone business, DMT will have greater flexibility and opportunity to build on
its industry-leading portfolio, create greater market opportunity and deliver new client value. For Pitney Bowes, this transaction
supports our move to higher growth markets and aligns with our strategic intent to do in the shipping market what we&rsquo;ve done
in mailing for almost 100 years &ndash; enabling global commerce by taking out the complexity and enhancing the value for clients.&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Goldman Sachs&nbsp;&amp; Co. LLC is serving as financial advisor
to Pitney Bowes and Debevoise&nbsp;&amp; Plimpton LLP is serving as the Company&rsquo;s legal advisor. Morgan, Lewis&nbsp;&amp;
Bockius LLP is serving as legal advisor to Platinum.</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><IMG SRC="x1_c91138a001.jpg" ALT=""></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>About Platinum Equity</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Founded in 1995 by <U>Tom Gores</U>, <U>Platinum Equity</U>
is a global investment firm with $13 billion of assets under management and a <U>portfolio</U> of more than 30 operating companies
that serve customers around the world. The firm is currently investing from <U>Platinum Equity Capital Partners IV</U>, a $6.5
billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations &ndash; a trademarked strategy
it calls M&amp;A&amp;O&reg; &ndash; acquiring and operating companies in a broad range of business markets, including manufacturing,
distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications
and other industries. Over the past 22 years Platinum Equity has completed more than 200 acquisitions.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>About Pitney Bowes</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely
on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment,
shipping and returns; global ecommerce; office mailing and shipping; presort services; location data; and software. For nearly
100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions
precisely right. For additional information visit Pitney Bowes, the Craftsmen of Commerce, at <U>www.pitneybowes.com</U>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>This press release contains statements that are forward-looking
within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act) and Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements, including statements concerning the consummation of the transactions
contemplated by the Stock Purchase Agreement between Pitney Bowes and Platinum Equity and the costs associated with the sale of
Document Messaging Technologies, are based on current expectations and assumptions that are subject to risks and uncertainties
and actual results could differ materially. Words such as &ldquo;estimate&rdquo;, &ldquo;believe&rdquo;, &ldquo;expect&rdquo;,
&ldquo;anticipate&rdquo;, &ldquo;intend&rdquo;, and similar expressions may identify such forward-looking statements. We undertake
no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><U>Contacts</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Pitney Bowes</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Bill Hughes &ndash; Media Relations</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><U>William.Hughes@pb.com<FONT STYLE="color: blue"> </FONT></U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">203-351-6785</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Adam David &ndash; Investor Relations</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><U>Adam.david@pb.com</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">203-351-7175</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Platinum Equity</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Dan Whelan</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><U>dwhelan@platinumequity.com</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">310-282-9202</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
