<SEC-DOCUMENT>0001193125-17-248736.txt : 20170804
<SEC-HEADER>0001193125-17-248736.hdr.sgml : 20170804
<ACCEPTANCE-DATETIME>20170804160535
ACCESSION NUMBER:		0001193125-17-248736
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20170803
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170804
DATE AS OF CHANGE:		20170804

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CALLAWAY GOLF CO
		CENTRAL INDEX KEY:			0000837465
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3949]
		IRS NUMBER:				953797580
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10962
		FILM NUMBER:		171008667

	BUSINESS ADDRESS:	
		STREET 1:		2180 RUTHERFORD RD
		CITY:			CARLSBAD
		STATE:			CA
		ZIP:			92008-8815
		BUSINESS PHONE:		7609311771

	MAIL ADDRESS:	
		STREET 1:		2180 RUTHERFORD ROAD
		CITY:			CARLSBAD
		STATE:			CA
		ZIP:			92008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF
		DATE OF NAME CHANGE:	20070604

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF CO
		DATE OF NAME CHANGE:	20070604

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALLAWAY GOLF CO /CA
		DATE OF NAME CHANGE:	19940222
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d417554d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of Earliest Event Reported): August&nbsp;3, 2017 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>CALLAWAY GOLF COMPANY </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of Registrant as Specified in its Charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">1-10962</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">95-3797580</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File No.)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2180 Rutherford Road </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Carlsbad, California 92008-7328 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices, Including Zip Code) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(760) <FONT STYLE="white-space:nowrap">931-1771</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s Telephone Number, Including Area Code) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (&#167;&nbsp;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;&nbsp;240.12b-2</FONT> of
this chapter). </P> <P STYLE="margin-top:0pt;margin-bottom:0pt;page-break-before:always"></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Emerging growth company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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&nbsp;13(a) of the Exchange Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;1.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Entry Into a Material Definitive Agreement. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On August&nbsp;3, 2017, Callaway Golf
Company (&#147;Callaway&#148;) entered into a definitive agreement to acquire travisMathew, LLC, a California limited liability company (&#147;TravisMathew&#148;), pursuant to an Agreement and Plan of Merger (the &#147;Merger Agreement&#148;) by and
among Callaway, TravisMathew, OTP LLC, a California limited liability company and wholly-owned subsidiary of Callaway (&#147;Merger Sub&#148;), and John Kruger, an individual, in his capacity as the member representative. The Merger Agreement
provides that Callaway will acquire TravisMathew by way of a merger of Merger Sub with and into TravisMathew, with TravisMathew surviving as a wholly-owned subsidiary of Callaway (the &#147;Merger&#148;). The board of directors of Callaway has
unanimously approved the Merger, the Merger Agreement and the transactions contemplated thereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the terms of the Merger Agreement,
Callaway will pay an aggregate purchase price of $125.5&nbsp;million in cash, subject to a working capital adjustment. Pursuant to the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the
&#147;Effective Time&#148;), each unit (other than dissenting units, if any) of limited liability company interest of TravisMathew (each a &#147;Company Unit&#148;) will be automatically converted into the right to receive, subject to the terms of
the Merger Agreement, the cash merger consideration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Callaway and TravisMathew agreed to customary representations, warranties and
covenants in the Merger Agreement. Subject to certain limitations, the holders of Company Units are required to indemnify Callaway for losses resulting from any breaches of TravisMathew&#146;s representations, warranties and covenants made in the
Merger Agreement and certain other matters. To supplement the indemnification provided by the holders of Company Units, Callaway has obtained representation and warranty insurance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During the period from the date of the Merger Agreement until the Effective Time, TravisMathew has agreed to conduct its business in the
ordinary course and in a manner consistent with past custom and practice and not to take certain actions prior to the Effective Time without the consent of Callaway. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The closing of the Merger is subject to customary conditions, including, among others, (i)&nbsp;the absence of any governmental order
restraining, enjoining or otherwise making illegal the consummation of the transactions contemplated by the Merger Agreement, (ii)&nbsp;the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976, as amended, (iii)&nbsp;the accuracy of the parties&#146; representations and warranties contained in the Merger Agreement (subject to certain materiality qualifications), (iv) the parties&#146; compliance with the covenants and
agreements in the Merger Agreement in all material respects, and (v)&nbsp;the absence of any material adverse effect on TravisMathew. The Merger is expected to close in the third quarter of 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Merger Agreement contains customary termination rights for both Callaway and TravisMathew, including, among other bases for termination,
if the Merger is not consummated within 90 days following the date of the Merger Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing description of the Merger
Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement, which is filed as Exhibit 2.1 to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> and is
incorporated herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Merger Agreement has been attached to this Current Report on Form
<FONT STYLE="white-space:nowrap">8-K</FONT> to provide investors with information regarding its terms. The Merger Agreement is not intended to provide any other factual information about Callaway, TravisMathew or any of their respective subsidiaries
or affiliates. The representations, warranties and covenants contained in the Merger Agreement were made only for purposes of the Merger Agreement as of the specific dates set forth therein, were solely for the benefit of the parties to the Merger
Agreement, may be subject to important qualifications and limitations agreed upon by the parties for the purposes of allocating contractual risk among such parties to the Merger Agreement instead of establishing these matters as facts, and may be
subject to standards of materiality applicable to such 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 the parties to the Merger Agreement or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of representations and warranties may change after
</P>

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the date of the Merger Agreement, which subsequent information may or may not be fully reflected in Callaway&#146;s public disclosures. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;7.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regulation FD Disclosure.* </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On August&nbsp;3, 2017, Callaway issued a press release
captioned &#147;Callaway Golf Company to Acquire TravisMathew for $125.5 Million.&#148; A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by this reference. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits.* </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD WIDTH="88%"></TD></TR>


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<TD VALIGN="top" NOWRAP>Exhibit&nbsp;2.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Agreement and Plan of Merger, dated as of August&nbsp;3, 2017, by and among Callaway Golf Company, OTP LLC, travisMathew, LLC and John Kruger, an individual, in his capacity as the member representative.**</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
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<TD VALIGN="top" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman; ">The following exhibit is being furnished herewith:</P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>Exhibit&nbsp;99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release, dated August&nbsp;3, 2017, captioned &#147;Callaway Golf Company to Acquire TravisMathew for $125.5 Million.&#148;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">The information furnished under Item 7.01 and Item 9.01 of this Current Report on Form <FONT STYLE="white-space:nowrap">8-K,</FONT> including Exhibit 99.1, shall not be deemed &#147;filed&#148; for purposes of
Section&nbsp;18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or filing under the Securities Act of 1933,
as amended, except as shall be expressly set forth by specific reference in such filing. </TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">**</TD>
<TD ALIGN="left" VALIGN="top">Certain schedules referenced in the Merger Agreement&nbsp;have been omitted in accordance with Item 601(b)(2) of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT> A copy of any omitted schedule and/or exhibit will
be furnished supplementally to the Securities and Exchange Commission upon request. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Statements used in this report that relate to the expected timing, completion and effects of the Merger and the other transactions contemplated
by the Merger Agreement and all other statements in this report and the exhibits furnished or filed herewith, other than historical facts, are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These
statements are based upon current information and expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, and any such forward-looking statements are qualified in their entirety by reference to the
following cautionary statements. All forward-looking statements speak only as of the date hereof and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking
statements. Callaway may not be able to complete the proposed transaction on the terms described above or at all because of a number of factors, including, without limitation, (i)&nbsp;the occurrence of any event, change or other circumstances that
could give rise to the termination of the Merger Agreement, (ii)&nbsp;the failure of the parties to satisfy the closing conditions to the Merger and (iii)&nbsp;the effect of the announcement of the Merger on the ability of the parties to retain and
hire key personnel, maintain relationships with their customers and suppliers, and maintain their operating results and business generally. These forward-looking statements should not be relied upon as representing Callaway&#146;s views as of any
date subsequent to the date hereof. For additional information concerning the risks affecting Callaway&#146;s business and other risks and uncertainties that could affect these statements, see Callaway&#146;s Annual Report on Form <FONT
STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2016 as well as other risks and uncertainties detailed from time to time in Callaway&#146;s reports on Forms <FONT STYLE="white-space:nowrap">10-K,</FONT> <FONT
STYLE="white-space:nowrap">10-Q</FONT> and <FONT STYLE="white-space:nowrap">8-K</FONT> subsequently filed with the Securities and Exchange Commission. Callaway undertakes no obligation to republish revised forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="46%"></TD>
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<TD WIDTH="4%"></TD>
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<TD WIDTH="2%"></TD>
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<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: August&nbsp;4, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><B>CALLAWAY GOLF COMPANY</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Brian P. Lynch</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Brian P. Lynch</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President, Chief Financial Officer,</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">General Counsel and Corporate Secretary</TD></TR>
</TABLE>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>d417554dex21.htm
<DESCRIPTION>EX-2.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-2.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 2.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AGREEMENT AND PLAN OF MERGER </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">by
and among </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CALLAWAY GOLF COMPANY, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">OTP LLC, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">TRAVISMATHEW,&nbsp;LLC,
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">JOHN KRUGER, </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AS MEMBER REPRESENTATIVE </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">dated as
of August&nbsp;3, 2017 </P>

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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD COLSPAN="3" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 1 DEFINITIONS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 2 THE MERGER</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">The Merger</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Closing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Effective Time</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Articles and Operating Agreement of the Surviving Entity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Managers and Officers of the Surviving Entity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cancellation or Conversion of Limited Liability Company Interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Payments at Closing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Merger Consideration Adjustment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Payment Procedures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Adjustments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dissenting Units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchase Price Allocation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Withholding</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF THE COMPANY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Organization; Good Standing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capitalization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Power and Authority</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Consents and Approvals; No Violation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Brokers&#146; Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Subsidiaries; Assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Real and Personal Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Financial Statements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Undisclosed Liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Absence of Certain Changes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Compliance with Law; Permits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Environmental Matters</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax Matters</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.14</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intellectual Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.15</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.16</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Labor Matters</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.17</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Employee Benefits Plans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.18</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Affiliate Transactions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.19</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Litigation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.20</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Insurance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.21</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Inventory</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.22</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounts Receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.23</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customers and Suppliers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.24</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Anti-Bribery Compliance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.25</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Disclaimer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Organization; Good Standing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-i- </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(continued) </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD COLSPAN="3" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Power and Authority</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Consents and Approvals; No Violation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Brokers&#146; Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Litigation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Solvency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Parent&#146;s Due Diligence; Limitations on Representations and Warranties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 5 <FONT STYLE="white-space:nowrap">PRE-CLOSING</FONT> COVENANTS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Conduct of the Business</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Appropriate Actions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Confidentiality</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Due Diligence Access</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Regulatory Matters</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Member Approval</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Schedule Supplement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cuater Acquisition</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">No Solicitation of Transactions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 6 CLOSING DELIVERABLES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Closing Deliverables of the Company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Closing Deliverables of Parent and Merger Sub</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 7 CONDITIONS TO CLOSING</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">7.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Conditions to Obligations of Each Party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">7.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additional Conditions to Obligations of Parent and Merger Sub</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">7.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additional Conditions to Obligations of the Company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 8 GENERAL COVENANTS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">8.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Books and Records; Access</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">8.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Post-Closing Employment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">8.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Director and Officer Liability and Indemnification</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">8.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Public Announcements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">8.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Further Assurances</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 9 INDEMNIFICATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Survival of Representations and Warranties and Covenants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Indemnification by Company Members</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Limitations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Indemnification by Parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Procedures Relating to Indemnification</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mitigation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Nature of Representations and Warranties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Escrow Release</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exclusive Remedy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-ii- </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(continued) </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD COLSPAN="3" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 10 TAX MATTERS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cooperation on Tax Matters</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Certain Taxes and Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Allocation of Straddle Period Taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax Refunds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Contests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax Sharing Agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax Elections</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 11 TERMINATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Termination of the Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Effect of Termination</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE 12 MISCELLANEOUS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">No Third Party Beneficiaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Entire Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Succession and Assignment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Counterparts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Headings; Interpretation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Notices</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Governing Law</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Submission To Jurisdiction; Waiver of Jury Trial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amendments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Extension; Waiver</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Severability</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.14</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Incorporation of Exhibits and Schedules</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.15</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Disclosure Schedules</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.16</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Specific Performance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.17</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Member Representative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">12.18</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Conflicts; Privileges</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>EXHIBITS </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="86%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Exhibit&nbsp;A</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounting Policies</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Exhibit&nbsp;B</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Escrow Agreement</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Exhibit&nbsp;C</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of <FONT STYLE="white-space:nowrap">Non-Competition</FONT> Agreement</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Exhibit&nbsp;D</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">R&amp;W Insurance Policy</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Exhibit&nbsp;E</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Support Agreement</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Exhibit&nbsp;F</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Form of Letter of Transmittal</P></TD></TR>
</TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT AND PLAN OF MERGER </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS AGREEMENT AND PLAN OF MERGER (this &#147;<U>Agreement</U>&#148;), dated as of August&nbsp;3, 2017, is made and entered into by and among
Callaway Golf Company, a Delaware corporation (&#147;<U>Parent</U>&#148;), OTP LLC, a California limited liability company (&#147;<U>Merger Sub</U>&#148;), travisMathew,&nbsp;LLC, a California limited liability company (the
&#147;<U>Company</U>&#148;), and John Kruger, an individual, in his capacity as the Member Representative (as hereinafter defined). Parent, Merger Sub, the Company and the Member Representative are sometimes referred to herein, individually, as a
&#147;<U>Party</U>&#148; and, collectively, as the &#147;<U>Parties</U>&#148;. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Parent, Merger Sub and the Company desire to effect a merger of Merger Sub with and into the Company, with the Company continuing as
the surviving entity (the &#147;<U>Merger</U>&#148;), upon the terms and subject to the conditions set forth in this Agreement and in accordance with the RULLCA (as hereinafter defined); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the board of managers of the Company: (a)&nbsp;has approved the execution, delivery and performance by the Company of this Agreement
and the consummation of the transactions contemplated hereby, including the Merger; (b)&nbsp;has determined that it is in the best interests of the Company and the Company Members (as hereinafter defined), and has declared it advisable, to enter
into this Agreement; and (c)&nbsp;has resolved to recommend adoption of this Agreement and approval of the transactions contemplated hereby, including the Merger, by the Company Members; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, (a)&nbsp;the board of directors of Parent and the board of managers of Merger Sub have approved the execution, delivery and
performance by Parent and Merger Sub, respectively, of this Agreement and the consummation of the transactions contemplated hereby, including the Merger; and (b)&nbsp;the board of managers of Merger Sub: (i)&nbsp;has determined that it is in the
best interests of Merger Sub and its sole member, and has declared it advisable, to enter into this Agreement; and (ii)&nbsp;has resolved to recommend adoption of this Agreement and approval of the transactions contemplated hereby, including the
Merger, by the sole member of Merger Sub; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Parent, as the sole member of Merger Sub, has adopted this Agreement and approved the
transactions contemplated hereby, including the Merger; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, concurrently with the execution of this Agreement, Company Members
holding at least 85% of the outstanding Company Units in the aggregate have executed and delivered a Support Agreement (as hereinafter defined); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Company Members holding a majority of the outstanding Company Units, in accordance with the applicable provisions of the RULLCA and
the Operating Agreement (as hereinafter defined), have approved the principal terms of this Agreement and the transactions contemplated hereby. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-1- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, in consideration of the premises and the mutual promises herein made, and in
consideration of the representations, warranties, and covenants herein contained, the Parties hereby agree as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;1
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DEFINITIONS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As
used in this Agreement, the following terms shall have the following meanings: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Action</U>&#148; means any action, claim, demand,
lawsuit, legal proceeding, litigation (at law or in equity), arbitration, complaint, investigation or proceeding (whether civil, criminal, administrative, judicial or investigative, whether formal or informal, whether public or private) commenced,
brought, conducted or heard by or before any Governmental Authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Adjusted Merger Consideration</U>&#148; means the Base
Merger Consideration, <I><U>minus</U></I> (x)&nbsp;the amount of any Working Capital Decrease, <I><U>plus</U></I> (y)&nbsp;the amount of any Working Capital Increase, <I><U>plus</U></I> (z)&nbsp;the amount of any Closing Date Cash. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Affiliate</U>&#148; of any particular Person means any other Person controlling, controlled by or under common control with such
particular Person. For purposes of this definition, &#147;control&#148; (including with correlative meanings, the terms &#147;controlling,&#148; &#147;controlled by&#148; and under &#147;common control with&#148;) means the possession, directly or
indirectly, of the power to direct the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Agreement</U>&#148; has the meaning set forth in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Allocation Schedule</U>&#148; has the meaning set forth in Section&nbsp;2.12. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Ancillary Agreements</U>&#148; means the Escrow Agreement, the Support Agreements, the
<FONT STYLE="white-space:nowrap">Non-Competition</FONT> Agreements and each other agreement, instrument and/or certificate contemplated by this Agreement or such other agreements to be executed in connection with the transactions contemplated hereby
or thereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Antitrust Division</U>&#148; has the meaning set forth in Section&nbsp;5.5(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Antitrust Law</U>&#148; means any Law that is designed or intended to prohibit, restrict or regulate actions having the purpose or
effect of monopolization or restraint of trade or lessening of competition, including the HSR Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Arbitration Firm</U>&#148;
has the meaning set forth in Section&nbsp;2.8(c)(ii). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Articles</U>&#148; means the articles of organization of the Company, as
amended from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Audited Financial Statements</U>&#148; has the meaning set forth in Section&nbsp;3.8(a)(i). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-2- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>BakerHostetler</U>&#148; has the meaning set forth in Section&nbsp;12.18(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Balance Sheet Date</U>&#148; has the meaning set forth in Section&nbsp;3.8(a)(ii). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Base Merger Consideration</U>&#148; equals $125,500,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business</U>&#148; means the business of the Company and its Subsidiaries as conducted as of the date of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business Day</U>&#148; means any day that is not a Saturday, Sunday or other day on which commercial banks are required or permitted
to be closed in the State of California. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>California Secretary of State</U>&#148; means the Secretary of State of the State of
California. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Cash and Cash Equivalents</U>&#148; means cash and cash equivalents of the Company and its Subsidiaries,
specifically including marketable securities, short-term investments and deposits with third parties (including deposits with landlords, and, for the avoidance of doubt, including deposits with landlords categorized as prepaid expenses), determined
in accordance with GAAP. For the avoidance of doubt, Cash and Cash Equivalents shall be calculated net of issued but uncleared checks and drafts and shall include checks, other wire transfers and drafts deposited or available for deposit for the
account of the Company and its Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Certificate</U>&#148; has the meaning set forth in Section&nbsp;2.6(a)(iii). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Certificate of Merger</U>&#148; means the certificate of merger with respect to the Merger to be filed with the California Secretary
of State. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Change in Control Payments</U>&#148; means (i)&nbsp;any amount payable by the Company, the Surviving Entity or their
Subsidiaries at or at any time after the Closing to any current or former manager, employee, officer, director or consultant of the Company or its Subsidiaries pursuant to any plan, program, policy or arrangement (written or oral) adopted prior to
the Closing providing for any transaction bonus, compensation or other similar amounts payable in connection with the consummation of the transactions contemplated by this Agreement, and (ii)&nbsp;any Taxes payable by the Company, the Surviving
Entity or their Subsidiaries triggered by any of the payments identified in clause (i)&nbsp;above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Closing</U>&#148; has the
meaning set forth in Section&nbsp;2.2. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Closing Date</U>&#148; has the meaning set forth in Section&nbsp;2.2. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Closing Date Cash</U>&#148; means the Cash and Cash Equivalents as of the close of business on the Business Day immediately preceding
the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Closing Date Net Working Capital</U>&#148; means the Net Working Capital as of the close of business on the
Business Day immediately preceding the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Closing Date Statement</U>&#148; has the meaning set forth in
Section&nbsp;2.8(b). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Code</U>&#148; means the United States Internal Revenue Code of 1986, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company</U>&#148; has the meaning set forth in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Class</U><U></U><U>&nbsp;A Units</U>&#148; means, collectively: (i)&nbsp;the units of limited liability company interest of
the Company designated in the Operating Agreement as &#147;Class&nbsp;A Shares&#148;; and (ii)&nbsp;any Equity Interests of the Company issued with respect to such units by reason of any reclassification, recapitalization, stock split or
combination, exchange, or readjustment of such units, or any similar transaction, that is effected during the Interim Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Class</U><U></U><U>&nbsp;B Units</U>&#148; means, collectively: (i)&nbsp;the units of limited liability company interest of
the Company designated in the Operating Agreement as &#147;Class&nbsp;B Shares&#148;; and (ii)&nbsp;any Equity Interests of the Company issued with respect to such units by reason of any reclassification, recapitalization, stock split or
combination, exchange, or readjustment of such units, or any similar transaction, that is effected during the Interim Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Member Approval</U>&#148; means the affirmative vote or written consent of Company Members holding a majority of the
outstanding Company Units entitled to vote on the adoption of this Agreement and approval of the transactions contemplated hereby, including the Merger. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Members</U>&#148; means the holders of the Company Units, in their capacities as such. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company R&amp;W Insurance Expense Portion</U>&#148; has the meaning set forth in Section&nbsp;12.12. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Required Governmental Approvals</U>&#148; has the meaning set forth in Section&nbsp;3.4(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Unit Merger Consideration</U>&#148; means, with respect to a Company Unit, an amount equal to the amount that would be
distributed in respect of such Company Unit if, immediately prior to the Closing, the aggregate amount of the Final Merger Consideration were distributed by the Company in accordance with the Operating Agreement, as in effect immediately prior to
the Effective Time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Units</U>&#148; means, with respect to a particular time, the Company Class&nbsp;A Units and the
Company Class&nbsp;B Units then issued and outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company&#146;s Accountants</U>&#148; means Moss Adams LLP. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Confidentiality Agreement</U>&#148; means that certain letter agreement, dated as of April&nbsp;24, 2017, by and between the Company
and Parent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Contract</U>&#148; means any written contract, agreement, indenture, mortgage, lease, instrument or other legally
binding written agreement, arrangement, understanding, undertaking, commitment or obligation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Cuater</U>&#148; means Cuater LLC,
a California limited liability company. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Cuater Asset Purchase Agreement</U>&#148; means the Asset Purchase Agreement by and
between the Company and Cuater, dated as of the date hereof, and all other exhibits, schedules and other documents contemplated thereby. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Current Assets</U>&#148; means the current assets of the Company and its Subsidiaries (consisting solely of the line item current
asset accounts specified on <U>Exhibit</U><U></U><U>&nbsp;A</U>), calculated in accordance with GAAP (except excluding Cash and Cash Equivalents and as otherwise noted on <U>Exhibit</U><U></U><U>&nbsp;A</U>) and using the methodologies set forth on
<U>Exhibit</U><U></U><U>&nbsp;A</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Current Liabilities</U>&#148; means the current liabilities of the Company and its
Subsidiaries (consisting solely of the line item current liability accounts specified on <U>Exhibit</U><U></U><U>&nbsp;A</U>), calculated in accordance with GAAP (except excluding any Indebtedness and as otherwise noted on
<U>Exhibit</U><U></U><U>&nbsp;A</U>) and using the methodologies set forth on <U>Exhibit</U><U></U><U>&nbsp;A</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>D&amp;O
Indemnified Persons</U>&#148; has the meaning set forth in Section&nbsp;8.3(a). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<I><U>De Minimis</U></I><U> Claim Amount</U>&#148;
has the meaning set forth in Section&nbsp;9.3(a)(ii). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Deductible</U>&#148; has the meaning set forth in Section&nbsp;9.3(a)(ii).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Disclosure Schedules</U>&#148; has the meaning set forth in Article&nbsp;3. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Dispute Notice</U>&#148; has the meaning set forth in Section&nbsp;2.8(c)(i). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Dissenter&#146;s Act</U>&#148; means Article 11 of the RULLCA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Dissenting Units</U>&#148; has the meaning set forth in Section&nbsp;2.11(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Effective Time</U>&#148; has the meaning set forth in Section&nbsp;2.3. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Employee Benefit Plan</U>&#148; means each &#147;employee benefit plan&#148; (as defined in Section&nbsp;3(3) of ERISA) and each
other benefit or compensation plan, program, agreement or arrangement that is maintained, sponsored, contributed or required to be contributed to by the Company or any ERISA Affiliate or with respect to which the Company or any ERISA Affiliate has
any Liability. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Environmental Laws</U>&#148; means all applicable Laws which (a)&nbsp;regulate or relate to the protection or <FONT
STYLE="white-space:nowrap">clean-up</FONT> of the environment; the use, treatment, storage, transportation, handling, disposal or release of Hazardous Materials, the preservation or protection of waterways, groundwater, drinking water, air,
wildlife, plants or other natural resources; or the health and safety of persons or property, including protection of the health and safety of employees, but solely as they relate to exposure to Hazardous Materials; or (b)&nbsp;impose liability or
responsibility with respect to any of the foregoing, including the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. &#167; 9601 et seq.), or any other Law of similar effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Environmental Permit</U>&#148; means any permit, license, authorization, consent, registration, exemption or other approval required
under applicable Environmental Laws. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Equity Interest</U>&#148; means any share, capital stock, partnership interest, limited
liability company interest, membership interest, joint venture interest or similar interest in any Person, and any option, warrant, right or security (including debt securities) convertible, exchangeable or exercisable therefor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>ERISA</U>&#148; means the Employee Retirement Income Security Act of 1974, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>ERISA Affiliate</U>&#148; means any Person at any relevant time considered a single employer with the Company, its Subsidiaries or
any of their Affiliates under Section&nbsp;414 of the Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Escrow Account</U>&#148; has the meaning set forth in
Section&nbsp;2.7(c). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Escrow Agent</U>&#148; means Bank of America, National Association, a national banking association. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Escrow Agreement</U>&#148; means the Escrow Agreement, to be dated as of the Closing Date, by and among Parent, the Member
Representative and the Escrow Agent, in substantially the form of <U>Exhibit</U><U></U><U>&nbsp;B</U> attached hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Escrow
Amount</U>&#148; means the sum of (a)&nbsp;the Indemnity Escrow Amount plus (b)&nbsp;the Working Capital Escrow Amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Escrow
Termination Date</U>&#148; means the twelve (12)-month anniversary of the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Estimated Closing Date Net Working
Capital</U>&#148; has the meaning set forth in Section&nbsp;2.8(a). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Estimated Closing Date Statement</U>&#148; has the meaning
set forth in Section&nbsp;2.8(a). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Estimated Merger Consideration</U>&#148; means the Base Merger Consideration,
<I><U>minus</U></I> (x)&nbsp;the amount of any Estimated Working Capital Decrease, <I><U>plus</U></I> (y)&nbsp;the amount of any Estimated Working Capital Increase, <I><U>plus</U></I> (z)&nbsp;the amount of any estimated Closing Date Cash. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Estimated Working Capital Decrease</U>&#148; means the amount, if any, by which the Estimated Closing Date Net Working Capital is
less than the Target Net Working Capital. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Estimated Working Capital Increase</U>&#148; means the amount, if any, by which the
Estimated Closing Date Net Working Capital exceeds the Target Net Working Capital. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Excluded Units</U>&#148; has the meaning set
forth in Section&nbsp;2.6(a)(ii). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Final Merger Consideration</U>&#148; has the meaning set forth in Section&nbsp;2.8(c)(ii).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Financial Statements</U>&#148; has the meaning set forth in Section&nbsp;3.8(a)(ii). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Fraud</U>&#148; means, with respect to a Party, an actual and intentional fraud with respect to the making of the representations and
warranties pursuant to Article&nbsp;3 or Article&nbsp;4 (as applicable); <I>provided</I>, <I>however</I>, that, in the case of the Company, such actual and intentional fraud shall be </P>
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deemed to exist only if any of the individuals specified in the definition of &#147;Knowledge of the Company&#148; had actual knowledge (as opposed to imputed or constructive knowledge) that the
representations and warranties made by the Company pursuant to Article&nbsp;3, as qualified by the Disclosure Schedules, were actually breached or inaccurate when made, with the express intention that the other Parties will rely thereon to their
detriment, and <I>provided</I>,<I> further</I>, that in the case of Parent, such actual and intentional fraud shall be deemed to exist only if any of Parent&#146;s executive officers had actual knowledge (as opposed to imputed or constructive
knowledge) that the representations and warranties made by Parent or Merger Sub pursuant to Article&nbsp;4 were actually breached or inaccurate when made, with the express intention that the other Parties will rely thereon to their detriment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>FTC</U>&#148; has the meaning set forth in Section&nbsp;5.5(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Fundamental Representations</U>&#148; has the meaning set forth in Section&nbsp;9.1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>GAAP</U>&#148; means United States generally accepted accounting principles as in effect from time to time, consistently applied in
accordance with the past custom and practices of the Company and its Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>General Principles of Law, Equity and Public
Policy</U>&#148; means, with reference to the enforceability of any Contract, that enforceability may be limited by: (a)&nbsp;general principles of law, equity and public policy, including principles regarding the enforceability of covenants not to
compete and similar restrictive covenants; principles regarding the availability of specific performance, injunctive relief, or other equitable remedies; principles requiring good faith and fair dealing in the performance and enforcement of a
Contract by the party seeking its enforcement; principles requiring reasonableness in the performance and enforcement of a Contract by the party seeking its enforcement; principles requiring consideration of the materiality of a breach and the
consequences of the breach to the party seeking enforcement; and principles requiring consideration of the impracticability or impossibility of performance at the time of attempted enforcement; or (b)&nbsp;bankruptcy, insolvency, reorganization,
receivership, moratorium, and other similar Laws affecting the rights of debtors and creditors generally. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Governmental
Authority</U>&#148; means any federal, state, local or foreign governmental, quasi-governmental, regulatory or administrative body, instrumentality, department, commission or agency, or any federal, state, local or foreign court, tribunal,
arbitration panel, commission or other similar dispute-resolving panel or body. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Hazardous Materials</U>&#148; means any
material, substance or waste that is listed, classified, regulated, characterized or otherwise defined as &#147;hazardous,&#148; &#147;toxic,&#148; &#147;radioactive,&#148; or words of similar intent or meaning under applicable Environmental Laws,
including petroleum, petroleum <FONT STYLE="white-space:nowrap">by-products,</FONT> asbestos or asbestos-containing material, urea formaldehyde insulation, toxic mold, polychlorinated biphenyls, flammable or explosive substances, or pesticides. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>HSR Act</U>&#148; means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the regulations promulgated
thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Indebtedness</U>&#148; of the Company and its Subsidiaries means, at a particular time, without duplication,
determined on an aggregate basis, (a)&nbsp;the outstanding principal amount of, accrued </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-7- </P>


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and unpaid interest on, premiums, penalties and other payment obligations (including any prepayment or termination premiums and penalties payable as a result of the consummation of the
transactions contemplated by this Agreement) arising under indebtedness for borrowed money of the Company or any of its Subsidiaries; (b)&nbsp;obligations for the deferred purchase price of property or services (other than Current Liabilities taken
into account in the calculation of Closing Date Net Working Capital); (c) long- or short-term obligations evidenced by notes, bonds, debentures or other similar instruments; (d)&nbsp;obligations under any interest rate, currency swap or other
hedging agreement or arrangement; (e)&nbsp;capital lease obligations; (f)&nbsp;reimbursement obligations under any letter of credit, banker&#146;s acceptance or similar credit transactions; and (g)&nbsp;guarantees made by the Company or any of its
Subsidiaries on behalf of any third party in respect of obligations of the kind referred to in the foregoing clauses (a)&nbsp;through (f); <I>provided</I>, <I>however</I>, that &#147;Indebtedness&#148; shall not include any&nbsp;intra-company
obligations, loans or transactions between the Company and its Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Indemnified Party</U>&#148; has the meaning set
forth in Section&nbsp;9.5(a). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Indemnifying Party</U>&#148; has the meaning set forth in Section&nbsp;9.5(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Indemnity Escrow Amount</U>&#148; means an amount in cash equal to $627,500. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Indemnity Escrow Subaccount</U>&#148; means the subaccount of the Escrow Account into which the Indemnity Escrow Amount will be
deposited, as more fully described in the Escrow Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Insurance Policy</U>&#148; has the meaning set forth in
Section&nbsp;3.20. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Intellectual Property</U>&#148; means all of the following in any jurisdiction throughout the world:
(a)&nbsp;all inventions (whether patentable or unpatentable and whether or not reduced to practice), all improvements thereto, and all patents, patent applications, and patent disclosures, together with all reissuances, continuations, <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">continuations-in-part,</FONT></FONT> revisions, divisional, extensions, and reexaminations thereof; (b)&nbsp;all trademarks, service marks, trade dress, logos, slogans, trade names, and
Internet domain names, together with all translations, adaptations and combinations thereof, all applications, registrations, and renewals in connection therewith, and all goodwill associated with any of the foregoing; (c)&nbsp;all copyrights and
other protectable works of authorship, and all applications, registrations, and renewals in connection therewith; (d)&nbsp;all trade secrets and other confidential business information (including ideas, research and development, <FONT
STYLE="white-space:nowrap">know-how,</FONT> formulas, compositions, manufacturing and production processes and techniques, technical data, designs, drawings, specifications, customer and supplier lists, pricing and cost information, and business and
marketing plans and proposals); (e) all computer software (including source code, executable code, data, databases, and related documentation); (f) all proprietary and intellectual property rights in the foregoing, and all other intellectual
property and related proprietary rights, interests and protections; and (g)&nbsp;all copies and tangible embodiments of the foregoing (in whatever form or medium). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Interim Financial Statements</U>&#148; has the meaning set forth in Section&nbsp;3.8(a)(ii). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Interim Period</U>&#148; has the meaning set forth in Section&nbsp;5.1. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-8- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Knowledge of the Company</U>&#148; or &#147;<U>Company&#146;s Knowledge</U>&#148; means
the actual knowledge of any of Travis Brasher, Ryan Ellis, Adam Ainbinder and John Kruger, after reasonable inquiry of such individual&#146;s direct reports, as set forth on Schedule&nbsp;1.1(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Law</U>&#148; means any law (including common law), statute, treaty, code, rule, regulation or ordinance of a Governmental Authority.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Lease</U>&#148; means any written lease, sublease, license, right of use, concession and other agreement, including all
amendments, extensions, renewals, guaranties and other agreements with respect thereto, pursuant to which the Company or any of its Subsidiaries holds any Leased Real Property, including the right to all security deposits and other amounts and
instruments deposited by or on behalf of the Company or any of its Subsidiaries thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Leased Real Property</U>&#148; means
all leasehold or subleasehold estates and other rights to use or occupy any land, buildings, structures, improvements, fixtures, and other interest in real property held by the Company or any of its Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Letter of Transmittal</U>&#148; has the meaning set forth in Section&nbsp;2.9(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Liability</U>&#148; means any liability or obligation of whatever kind or nature (whether known or unknown, whether asserted or
unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Licensed Intellectual Property</U>&#148; means all Intellectual Property that is licensed to the Company or any of its Subsidiaries
pursuant to Licenses and that is used in the operation of the Business as currently conducted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Licenses</U>&#148; means all
agreements providing for licenses of Licensed Intellectual Property to the Company or any of its Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Lien</U>&#148;
means, with respect to any property or asset, any mortgage, pledge, lien, deed of trust, easement, encroachment, right of way, right of first refusal, license, encumbrance or other security interest in respect of such property or asset. For the
avoidance of doubt, the license or other grant of rights with respect to Intellectual Property, in and of itself, shall not be deemed to be a Lien. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Loss(es)</U>&#148; means, with respect to any Person, any and all liabilities, losses, Taxes, damages, assessments, fines, interest,
penalties, deficiencies and costs and expenses (including reasonable attorneys&#146; and other professionals&#146; fees and expenses) against or affecting such Person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Material Adverse Effect</U>&#148; means any change, effect, event, occurrence, state of facts or development that is, or would
reasonably be expected to become, individually or in the aggregate, materially adverse to (i)&nbsp;the business, condition (financial or otherwise) or results of operations of the Company and its Subsidiaries, taken as a whole or (ii)&nbsp;the
ability of the Company to consummate the transactions contemplated hereby on a timely basis; <I>provided</I>, <I>however</I>, that a &#147;Material Adverse Effect&#148; shall not include any change, effect, event, occurrence, state of facts or
development in or attributable to: (a)&nbsp;general economic or business </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-9- </P>


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conditions; (b)&nbsp;financial, banking or securities markets of the United States in general (including any disruption thereof and any decline in the price of any security or any market index);
(c) acts of God or other calamities, national or international political or social conditions, including the engagement and/or escalation by the United States in hostilities, whether or not pursuant to the declaration of a national emergency or war,
or the occurrence of any military or terrorist attack upon the United States or any of its territories, possessions or diplomatic or consular offices or upon any military installation, equipment or personnel of the United States; (d)&nbsp;conditions
affecting generally the industry in which the Company and its Subsidiaries participate; (e)&nbsp;the announcement or pendency of the transactions contemplated by this Agreement; (f)&nbsp;the identity or business plans of Parent or any of its
Affiliates; (g)&nbsp;changes in applicable Laws or the interpretation thereof; (h)&nbsp;any change in GAAP or other accounting requirements or principles; (i)&nbsp;the failure of the Company and its Subsidiaries to meet or achieve the results set
forth in any internal projections (<I>provided</I> that this clause (i)&nbsp;shall not prevent the underlying facts giving rise or contributing to such failure, if not otherwise excluded from the definition of Material Adverse Effect, from being
taken into account in determining whether a Material Adverse Effect has occurred); or (j)&nbsp;any change resulting from compliance with the express terms of, or any actions taken (or not taken) by any Party that are expressly required or permitted
by, this Agreement; <I>provided</I> <I>further </I>that any change, effect, event, occurrence, state of facts or development referred to in clauses (a), (b), (c), (d), (g) or (h)&nbsp;immediately above shall be taken into account in determining
whether a Material Adverse Effect has occurred or would reasonably be expected to occur to the extent that such change, effect, event, occurrence, state of facts or development has a disproportionate effect on the Company compared to other
participants in the industries in which the Company conducts its business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Material Contract</U>&#148; has the meaning set forth
in Section&nbsp;3.15(a). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Maximum Premium</U>&#148; has the meaning set forth in Section&nbsp;8.3(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Member Indemnitee</U>&#148; and &#147;<U>Member Indemnitees</U>&#148; have the respective meanings set forth in Section&nbsp;9.4.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Member Representative</U>&#148; has the meaning set forth in Section&nbsp;12.17(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Member Representative Expenses</U>&#148; has the meaning set forth in Section&nbsp;12.17(c). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Member Representative Reimbursement Amount</U>&#148; means an amount in cash equal to $250,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Member Representative Reimbursement Fund</U>&#148; has the meaning set forth in Section&nbsp;2.7(d). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Merger</U>&#148; has the meaning set forth in the recitals to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Merger Consideration Decrease</U>&#148; has the meaning set forth in Section&nbsp;2.8(d)(ii). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Merger Consideration Increase</U>&#148; has the meaning set forth in Section&nbsp;2.8(d)(i). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Merger Sub</U>&#148; has the meaning set forth in the preamble to this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-10- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Net Closing Merger Consideration</U>&#148; means the Estimated Merger Consideration
<I><U>minus</U></I> (w)&nbsp;the Payoff Amount <I><U>minus</U></I> (x)&nbsp;any Transaction Expenses that remain unpaid as of the Closing <I><U>minus</U></I> (y)&nbsp;the Escrow Amount <I><U>minus</U></I> (z)&nbsp;the Member Representative
Reimbursement Amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Net Working Capital</U>&#148; means an amount (which may be a negative or positive number) in dollars
equal to (x)&nbsp;the Current Assets <I><U>minus</U></I> (y)&nbsp;the Current Liabilities. For the avoidance of doubt, Net Working Capital shall be calculated prior to the application of purchase accounting and without taking into consideration the
transactions contemplated by this Agreement. By way of example, the Net Working Capital as of December&nbsp;31, 2016, is set forth on <U>Exhibit A</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><FONT STYLE="white-space:nowrap">Non-Competition</FONT> Agreement</U>&#148; means the
<FONT STYLE="white-space:nowrap">Non-Competition</FONT> and <FONT STYLE="white-space:nowrap">Non-Solicitation</FONT> Agreement, to be dated as of the Closing Date, by and between Parent and each of the individuals set forth on Schedule 6.1(e), in
substantially the form of <U>Exhibit C</U> attached hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Operating Agreement</U>&#148; means the operating agreement of the
Company, as amended from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Order</U>&#148; means any order, writ, injunction, decree, stipulation, judgment, award,
determination, direction or demand of a Governmental Authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Ordinary Course</U>&#148; means the ordinary course of business
consistent with past custom and practice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Outside Date</U>&#148; has the meaning set forth in Section&nbsp;11.1(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Owned Intellectual Property</U>&#148; means all Intellectual Property owned by the Company or any of its Subsidiaries, which for
purposes of this Agreement shall be deemed to include all items of Intellectual Property listed on Schedule 3.14(d). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Parent</U>&#148; has the meaning set forth in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Parent Indemnitee</U>&#148; and &#147;<U>Parent Indemnitees</U>&#148; have the respective meanings set forth in Section&nbsp;9.2.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Parent Required Governmental Approvals</U>&#148; has the meaning set forth in Section&nbsp;4.3(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Party</U>&#148; and &#147;<U>Parties</U>&#148; have the respective meanings set forth in the preamble to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Payment Spreadsheet</U>&#148; has the meaning set forth in Section&nbsp;2.6(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Payoff Amount</U>&#148; has the meaning set forth in Section&nbsp;2.7(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Payoff Letters</U>&#148; has the meaning set forth in Section&nbsp;6.1(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permit</U>&#148; means all permits, licenses, authorizations, registrations, franchises, approvals, consents, certificates, variances
and similar rights granted by or obtained from any Governmental Authority. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permitted Liens</U>&#148; means: (a)&nbsp;Liens for Taxes or other governmental charges
which are not yet due and payable or the amount or validity of which is being contested in good faith by appropriate proceedings by the Company or any of its Subsidiaries with appropriate reserves maintained in accordance with GAAP;
(b)&nbsp;mechanics&#146;, carriers&#146;, workers&#146;, repairers&#146; and similar Liens arising or incurred in the Ordinary Course; (c)&nbsp;statutory Liens for landlords for amounts which are not yet due and payable; (d)&nbsp;easements,
covenants, conditions, restrictions and other similar matters of record affecting title to the Leased Real Property which do not materially impair the use or occupancy of the Leased Real Property in connection with the operation of the Business as
currently conducted thereon; (e)&nbsp;Liens incurred or deposits made in the Ordinary Course in connection with worker&#146;s compensation, unemployment insurance, social security retirement or similar programs; (f)&nbsp;Liens on goods in transit
incurred pursuant to documentary letters of credit; (g)&nbsp;licenses of Intellectual Property; (h)&nbsp;purchase money Liens and Liens securing rental payments under capital lease arrangements; (i)&nbsp;Liens which are not reasonably likely to
materially detract from the value of or materially impair the continued use of the asset or property to which they relate, as used on the date hereof; (j)&nbsp;transfer restrictions under applicable federal and state securities Laws; and
(k)&nbsp;Liens associated with Indebtedness which will be paid off at Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Person</U>&#148; means an individual, a
corporation, a limited liability company, a partnership, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, any other business entity, or a Governmental Authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Post-Transaction Employees</U>&#148; has the meaning set forth in Section&nbsp;8.2(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period</U>&#148; means any Tax period (including a portion of any Straddle
Period) ending on or before the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Proceeding</U>&#148; has
the meaning set forth in Section&nbsp;10.4. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Privileged Information</U>&#148; has the meaning set forth in Section&nbsp;12.18(d).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Pro Rata Share</U>&#148; means, with respect to any given Company Member, the percentage set forth opposite such Company
Member&#146;s name on the Payment Spreadsheet. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Real Property Leases</U>&#148; has the meaning set forth in Section&nbsp;3.7(b).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Registered IP</U>&#148; has the meaning set forth in Section&nbsp;3.14(d). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Related Person</U>&#148; has the meaning set forth in Section&nbsp;3.18. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>RULLCA</U>&#148; means the California Revised Uniform Limited Liability Company Act, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>R&amp;W Insurance Company</U>&#148; means Beazley USA Services, Inc. or an Affiliate thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>R&amp;W Insurance Expenses</U>&#148; has the meaning set forth in Section&nbsp;12.12. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-12- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>R&amp;W Insurance Policy</U>&#148; means that certain Buyer&#146;s Representations and
Warranties Insurance Policy, attached hereto as <U>Exhibit</U><U></U><U>&nbsp;D</U>, issued by the R&amp;W Insurance Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Schedule</U>&#148; has the meaning set forth in Article&nbsp;3. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Schedule Supplement</U>&#148; has the meaning set forth in Section&nbsp;5.7. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Significant Schedule Supplement</U>&#148; has the meaning set forth in Section&nbsp;5.7. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Straddle Period</U>&#148; means any Tax period beginning before the Closing Date and ending after the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Subsidiary</U>&#148; means, with respect to any Person, any corporation, limited liability company, partnership, association, or
other business entity of which: (a)&nbsp;if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors thereof is at the time owned or
controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; or (b)&nbsp;if a limited liability company, partnership, association, or other business entity (other than a
corporation), a majority of partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof and, for this purpose,
a Person or Persons owns a majority ownership interest in such a business entity (other than a corporation) if such Person or Persons shall be allocated a majority of such business entity&#146;s gains or losses or shall be or control any managing
director or general partner of such business entity (other than a corporation). The term &#147;Subsidiary&#148; shall include all Subsidiaries of such Subsidiary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Support Agreement</U>&#148; means the Support Agreement delivered to Parent by each Company Member set forth therein concurrently
with the execution of this Agreement, in substantially the form of <U>Exhibit E</U> attached hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Surviving Entity</U>&#148;
has the meaning set forth in Section&nbsp;2.1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Target Net Working Capital</U>&#148; means $10,800,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax</U>&#148; or &#147;<U>Taxes</U>&#148; means all taxes, however denominated, including any federal, state, local or foreign
income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental (including taxes under Section&nbsp;59A of the Code), capital stock, franchise, profits, withholding, social
security (or similar), unemployment, disability, real property, personal property, sales, use, transfer, registration, value added, alternative or add on minimum, estimated, or other like assessment or charge in the return of a tax, whether computed
on a separate or consolidated, unitary or combined basis, or in any other manner, including any interest, penalty, or addition thereto, whether disputed or not. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax Return</U>&#148; means any return, declaration, report, claim for refund or information return or statement relating to Taxes,
filed or required to be filed, including any schedule or attachment thereto, and including any amendment thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Third</U><U><FONT
STYLE="white-space:nowrap">-Party</FONT> Claim</U>&#148; has the meaning set forth in Section&nbsp;9.5(b)(i). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-13- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Title XI Partnership Audit Provisions</U>&#148; has the meaning set forth in
Section&nbsp;10.7. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transaction Deductions</U>&#148; means any income Tax deductions that would result from or be attributable to
the transactions contemplated by this Agreement or that were incurred in connection with this Agreement and the transactions contemplated hereby, including: (a)&nbsp;the <FONT STYLE="white-space:nowrap">write-off</FONT> of deferred financing fees,
costs and expenses; (b)&nbsp;the payment of any transaction related fees, costs or expenses, including fees and disbursements of counsel, financial advisors, brokers, finders, investment bankers and accountants; and (c)&nbsp;the payment of
Indebtedness or similar amounts. The Member Representative&#146;s reasonable determination of the amount of each such item referred to in the preceding sentence shall be conclusive for purposes of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transaction Expenses</U>&#148; means (without duplication and solely to the extent any of the following obligations has not been paid
by the Company prior to the Closing) any and all: (a)&nbsp;legal, accounting, investment banking, consulting and other <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> fees, costs or expenses incurred by
the Company or any of its Subsidiaries in connection with the transactions contemplated by this Agreement (including any such fees, costs and expenses of the ultimate parent entity of the Company incurred in connection with any filing required under
the HSR Act or any other Antitrust Laws); (b) costs and expenses incurred by the Member Representative prior to the Closing; (c)&nbsp;all Change in Control Payments; (d)&nbsp;the Company R&amp;W Insurance Expense Portion; and (e)&nbsp;any other
costs or expenses set forth on Schedule 1.1(b). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transfer Taxes</U>&#148; has the meaning set forth in Section&nbsp;10.2. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Unfunded Indemnity Obligations</U>&#148; means the indemnity obligations pursuant to Article&nbsp;9 hereof of those Company Members
who have not executed a Support Agreement and/or Letter of Transmittal prior to the Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Unresolved Claim</U>&#148; has the
meaning set forth in Section&nbsp;9.8. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>WARN Act</U>&#148; has the meaning set forth in Section&nbsp;8.2(d). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Working Capital Decrease</U>&#148; means the amount, if any, by which the Closing Date Net Working Capital is less than the Target
Net Working Capital. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Working Capital Escrow Amount</U>&#148; means an amount in cash equal to $750,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Working Capital Escrow Subaccount</U>&#148; means the subaccount of the Escrow Account into which the Working Capital Escrow Amount
will be deposited, as more fully described in the Escrow Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Working Capital Increase</U>&#148; means the amount, if any,
by which the Closing Date Net Working Capital exceeds the Target Net Working Capital. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-14- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE MERGER </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.1&nbsp;&nbsp;&nbsp;&nbsp;<U>The Merger</U>. Upon the terms and subject to the conditions of this Agreement and in accordance with the
RULLCA, at the Effective Time: (a)&nbsp;Merger Sub shall be merged with and into the Company, whereupon the separate existence of Merger Sub shall cease; and (b)&nbsp;the Company shall be the surviving entity in the Merger (the &#147;<U>Surviving
Entity</U>&#148;) and shall continue its existence as a limited liability company and a wholly owned subsidiary of Parent. The Merger shall have the effects set forth in this Agreement and Section&nbsp;17710.16 of the RULLCA. Without limiting the
generality of the foregoing, and subject thereto, at the Effective Time, except as otherwise provided herein, all the properties, rights, privileges, powers, and franchises of the Company and Merger Sub shall vest in the Surviving Entity, and all
debts, liabilities, and duties of the Company and Merger Sub shall become the debts, liabilities, and duties of the Surviving Entity. The Surviving Entity may, at any time after the Effective Time, take any action (including executing and delivering
any document) in the name and on behalf of the Company in order to carry out and effectuate the transactions contemplated by this Agreement. Subject to Article&nbsp;9, the Surviving Entity shall thereafter be responsible and liable for all the
Liabilities of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing</U>. Subject to the satisfaction or waiver of the conditions precedent
specified in Article&nbsp;7, the closing of the transactions contemplated by this Agreement (collectively, the &#147;<U>Closing</U>&#148;) will take place at the offices of Baker&nbsp;&amp; Hostetler&nbsp;LLP, 600 Anton Boulevard, Suite&nbsp;900,
Costa Mesa, California 92626, at 10:00 a.m., Pacific time, as soon as practicable on or after the execution and delivery of this Agreement, but in any event no later than two (2)&nbsp;Business Days following the satisfaction or waiver of the
conditions precedent specified in Article&nbsp;7 or at such other time, date and place as the Parties may mutually agree in writing. The date on which the Closing occurs is hereinafter referred to as the &#147;<U>Closing Date</U>&#148;. The Parties
mutually agree that the Closing may take place by the electronic exchange of executed counterpart documents and the electronic transfer of funds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Effective Time</U>. Upon the terms and subject to the conditions of this Agreement, as soon as practicable on
the Closing Date, Parent, Merger Sub and the Company shall cause the Merger to be consummated by filing all necessary documentation, including by filing the Certificate of Merger with the California Secretary of State in accordance with the RULLCA.
The Merger shall become effective on such date and at such time as the Certificate of Merger is duly filed with the California Secretary of State or such later time as is agreed upon by the Parties in writing and specified in the Certificate of
Merger in accordance with the RULLCA. The time when the Merger becomes effective is hereinafter referred to as the &#147;<U>Effective Time</U>&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Articles and Operating Agreement of the Surviving Entity</U>. At the Effective Time: (a)&nbsp;the Articles, as
in effect immediately prior to the Effective Time, shall be amended and restated as a result of the Merger so as to read in their entirety in the form of the articles of organization of Merger Sub, except that the name of the Surviving Entity shall
be &#147;travisMathew,&nbsp;LLC&#148; and, as so amended, shall be the articles of organization of the Surviving Entity, until thereafter duly amended as provided therein and by applicable Law, and (b)&nbsp;the Operating Agreement, as in effect
immediately prior to the Effective Time, shall be amended and </P>
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restated as a result of the Merger to read in its entirety in the form of the operating agreement of Merger Sub, except that the name of the Surviving Entity shall be
&#147;travisMathew,&nbsp;LLC&#148; and, as so amended, shall be the operating agreement of the Surviving Entity, until thereafter duly amended as provided therein, in the articles of organization of the Surviving Entity and by applicable Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.5&nbsp;&nbsp;&nbsp;&nbsp;<U>Managers and Officers of the Surviving Entity</U>. The managers of Merger Sub immediately prior to the Effective
Time shall, from and after the Effective Time, be the managers of the Surviving Entity until their respective successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the
RULLCA and the operating agreement of the Surviving Entity. The officers of the Company immediately prior to the Effective Time shall, from and after the Effective Time, be the officers of the Surviving Entity until their respective successors have
been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the RULLCA and the operating agreement of the Surviving Entity. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.6&nbsp;&nbsp;&nbsp;&nbsp;<U>Cancellation or Conversion of Limited Liability Company Interests</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company
or any holder of any securities of Parent, Merger Sub or the Company: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;each unit of limited liability company
interest of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and become one (1)&nbsp;validly issued, fully paid and <FONT STYLE="white-space:nowrap">non-assessable</FONT> unit of limited liability
company interest of the Surviving Entity; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;each Company Unit owned by Parent, Merger Sub or any direct or
indirect Subsidiary thereof immediately prior to the Effective Time (collectively, the &#147;<U>Excluded Units</U>&#148;) shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or
deliverable with respect thereto or in exchange therefor; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;each Company Unit (other than the Excluded
Units and the Dissenting Units) shall be converted into the right to receive, subject to the terms of this Agreement, the Company Unit Merger Consideration. All such Company Units, when so converted, shall no longer be outstanding and shall
automatically be cancelled and shall cease to exist, and each Company Member holding an original certificate (a &#147;<U>Certificate</U>&#148;) that, immediately prior to the Effective Time, represented any such outstanding Company Units shall cease
to have any rights with respect thereto, except the right to receive the consideration provided for in this Section&nbsp;2.6, without interest. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Not less than two (2)&nbsp;Business Days prior to the Closing Date, the Company shall deliver to Parent a
spreadsheet (the &#147;<U>Payment Spreadsheet</U>&#148;), certified by an officer of the Company, that sets forth: (i)&nbsp;the portion of the Net Closing Merger Consideration that each Company Member is entitled to receive in accordance with the
Operating Agreement, as in effect immediately prior to the Effective Time; (ii)&nbsp;the proportion (expressed as a percentage) of the Merger Consideration Increase, if any, that each Company Member is entitled
</P>
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to receive in accordance with the Operating Agreement, as in effect immediately prior to the Effective Time; (iii)&nbsp;the amounts and payees to be paid pursuant to the Payoff Letters, which
shall constitute all Indebtedness of the Company outstanding as of the Effective Time; (iv)&nbsp;the amounts of any Transaction Expenses that remain unpaid as of immediately prior to the Closing and the payees to whom such amounts are owed
(including, with respect to any Change in Control Payments, the amount of Taxes payable by the Company, the Surviving Entity or their Subsidiaries with respect thereto); (v)&nbsp;wire instructions with respect to all amounts designated in such
statement; (vi)&nbsp;the Escrow Amount to be paid to the Escrow Agent; (vii)&nbsp;the Member Representative Reimbursement Amount; and (viii)&nbsp;each Company Member&#146;s Pro Rata Share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.7&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments at Closing</U>. At the Effective Time, Parent shall make, or cause to be made, the following payments:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;to the payees specified in the Payoff Letters, the amount of funds required to be paid pursuant to such Payoff
Letters (collectively, the &#147;<U>Payoff Amount</U>&#148;), which amounts and payees will be set forth on the Payment Spreadsheet, by wire transfer of immediately available funds to the account or accounts designated in the Payoff Letters; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;to the payees specified on the Payment Spreadsheet, the amount of funds required to be paid with respect to any
Transaction Expenses, as set forth on the Payment Spreadsheet, by wire transfer of immediately available funds to the account or accounts of such payees designated on the Payment Spreadsheet (<I>provided</I> that Parent shall cause any Change in
Control Payments to be paid to the payees designated on the Payment Spreadsheet through the Surviving Entity&#146;s payroll, less applicable Tax withholding, as soon as practicable following the Effective Time); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;to the Escrow Agent, the Escrow Amount, by wire transfer of immediately available funds to an account designated by
the Escrow Agent pursuant to the Escrow Agreement, as set forth on the Payment Spreadsheet (the &#147;<U>Escrow Account</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;to the Member Representative, the Member Representative Reimbursement Amount, by wire transfer of immediately
available funds to an account designated by the Member Representative, as set forth on the Payment Spreadsheet (the &#147;<U>Member Representative Reimbursement Fund</U>&#148;). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.8&nbsp;&nbsp;&nbsp;&nbsp;<U>Merger Consideration Adjustment</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Estimated Closing Date Statement</U>. Not less than five (5)&nbsp;Business Days prior to the Closing Date, the
Company shall deliver to Parent a statement (the &#147;<U>Estimated Closing Date Statement</U>&#148;) certified by an officer of the Company containing a good faith calculation (in reasonable detail), together with reasonably detailed supporting
documentation, of: (i)&nbsp;the estimated Closing Date Net Working Capital (the &#147;<U>Estimated Closing Date Net Working Capital</U>&#148;) and the components thereof; (ii)&nbsp;the Estimated Working Capital Increase or Estimated Working Capital
Decrease, as the case may be; (iii)&nbsp;the estimated Closing Date Cash; and (iv)&nbsp;the resulting calculation of the Estimated Merger Consideration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing Date Statement</U>. Within ninety (90)&nbsp;days after the Closing Date, Parent shall prepare and
deliver, or cause to be prepared and delivered, to the Member </P>
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Representative a statement (the &#147;<U>Closing Date Statement</U>&#148;) setting forth in reasonable detail Parent&#146;s calculation, of: (i)&nbsp;the Closing Date Net Working Capital;
(ii)&nbsp;the Working Capital Increase or Working Capital Decrease, as the case may be; (iii)&nbsp;the amount of the Closing Date Cash; and (iv)&nbsp;the resulting calculation of the Adjusted Merger Consideration. Together with the Closing Date
Statement, Parent shall provide the Member Representative with reasonable supporting documentation of such calculation. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Disputes</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;If the Member Representative objects to Parent&#146;s calculation of the Closing Net Working Capital, the Working
Capital Increase or the Working Capital Decrease, as the case may be, the amount of the Closing Date Cash, or the resulting calculation of the Adjusted Merger Consideration as set forth in the Closing Date Statement, then, within fifteen
(15)&nbsp;days after the delivery to the Member Representative of the Closing Date Statement (the &#147;<U>Review Period</U>&#148;), the Member Representative shall deliver to Parent a written notice (a &#147;<U>Dispute Notice</U>&#148;) describing
in reasonable detail the Member Representative&#146;s objections to Parent&#146;s calculation of the amounts set forth in such Closing Date Statement and containing a statement setting forth the calculation of the Closing Net Working Capital, the
Working Capital Increase or Working Capital Decrease, as the case may be, the amount of the Closing Date Cash, and the resulting calculation of the Adjusted Merger Consideration, in each case determined by the Member Representative to be correct. If
the Member Representative does not deliver a Dispute Notice to Parent during the Review Period, then Parent&#146;s calculation of the amounts set forth in the Closing Date Statement shall be binding and conclusive on the Parties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;If the Member Representative delivers a Dispute Notice, and if Parent and the Member Representative are unable to
agree upon the calculation of the amounts set forth in the Closing Date Statement within thirty (30)&nbsp;days after such Dispute Notice is delivered to Parent, then the Member Representative and Parent shall jointly engage the firm of
Ernst&nbsp;&amp; Young LLP (the &#147;<U>Arbitration Firm</U>&#148;) to resolve such dispute. Within ten (10)&nbsp;days after the Arbitration Firm is appointed, Parent shall forward a copy of the Closing Date Statement to the Arbitration Firm, and
the Member Representative shall forward a copy of the Dispute Notice to the Arbitration Firm, together with, in each case, all relevant supporting documentation. The Arbitration Firm&#146;s role shall be limited to resolving such objections and
determining the correct calculations to be used on only the disputed portions of the Closing Date Statement (including any dispute with respect to the timeliness of delivery or receipt of any Dispute Notice), and the Arbitration Firm shall not make
any other determination, including any determination as to whether any other items on the Closing Date Statement are correct or whether the Target Net Working Capital is correct. The Arbitration Firm shall not assign a value to any item greater than
the greatest value for such item claimed by the Member Representative or Parent or less than the smallest value for such item claimed by the Member Representative or Parent and shall be limited to the selection of either the Member
Representative&#146;s or Parent&#146;s position on a disputed item (or a position in between the positions of the Member Representative or Parent) based solely on presentations and supporting material provided by the Parties and not pursuant to any
independent review. In resolving such objections, the Arbitration Firm shall apply the provisions of this Agreement concerning determination of the amounts set forth in the Closing Date Statement. The Arbitration Firm shall deliver to the Member
Representative and Parent a written determination (such determination to include a work sheet setting forth all material calculations </P>
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used in arriving at such determination and to be based solely on information provided to the Arbitration Firm by the Member Representative and Parent) of the disputed items submitted to the
Arbitration Firm within thirty (30)&nbsp;calendar days of receipt of such disputed items. The determination by the Arbitration Firm of the disputed amounts and the Adjusted Merger Consideration shall be conclusive and binding on the Parties, absent
manifest error. The fees and expenses of the Arbitration Firm for such determination shall be borne by the Member Representative, on the one hand, and Parent, on the other hand, in inverse proportion to the manner in which such Person prevails on
the items resolved by the Arbitration Firm, which proportionate allocation shall be calculated on an aggregate basis based on the relative dollar values of the amounts in dispute and shall be computed by the Arbitration Firm at the time its
determination of the items in dispute is rendered. For example, should the items in dispute total in amount to $1,000 and the Arbitration Firm awards $600 in favor of the Member Representative&#146;s position, 60% of the costs and expenses of the
Arbitration Firm would be borne by Parent and 40% would be borne by the Member Representative. The Adjusted Merger Consideration, as finally determined pursuant to this Section&nbsp;2.8(c), shall be referred to herein as the &#147;<U>Final Merger
Consideration</U>&#148;. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment of Merger Consideration Adjustment</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;If the Final Merger Consideration exceeds the Estimated Merger Consideration (such excess, a &#147;<U>Merger
Consideration Increase</U>&#148;), then (A)&nbsp;Parent shall, within two (2)&nbsp;Business Days following the final determination of the Final Merger Consideration, pay to each Company Member an amount equal to such Company Member&#146;s applicable
portion of the Merger Consideration Increase, in accordance with the Payment Spreadsheet, by wire transfer of immediately available funds to an account (or accounts) designated by such Company Member in writing prior to such payment date (including
in such Company Member&#146;s Letter of Transmittal), and (B)&nbsp;Parent and the Member Representative shall, within two (2)&nbsp;Business Days following the final determination of the Final Merger Consideration, deliver joint written instructions
to the Escrow Agent instructing the Escrow Agent to release the Working Capital Escrow Subaccount to the Company Members in an amount equal to each Company Member&#146;s Pro Rata Share. If the Final Merger Consideration equals the Estimated Merger
Consideration, Parent and the Member Representative shall, within two (2)&nbsp;Business Days following the final determination of the Final Merger Consideration, deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to
release the Working Capital Escrow Subaccount to the Company Members in an amount equal to each Company Member&#146;s Pro Rata Share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;If the Estimated Merger Consideration exceeds the Final Merger Consideration (such excess, a &#147;<U>Merger
Consideration Decrease</U>&#148;), then Parent and the Member Representative shall, within two (2)&nbsp;Business Days following the final determination of the Final Merger Consideration, deliver joint written instructions to the Escrow Agent
instructing the Escrow Agent to release from the Working Capital Escrow Subaccount an amount equal to the lesser of (A)&nbsp;the Merger Consideration Decrease, or (B)&nbsp;the amount in the Working Capital Escrow Subaccount to Parent, by wire
transfer of immediately available funds to an account (or accounts) designated by Parent in such joint written instructions, and shall release the remaining balance of the Working Capital Escrow Subaccount, if any, to the Company Members in an
amount equal to each Company Member&#146;s Pro Rata Share. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;Parent agrees that the adjustments to the Estimated Merger
Consideration and the dispute resolution provisions provided for in Section&nbsp;2.8(c) shall be the exclusive remedies for the matters addressed herein, and that the Working Capital Escrow Subaccount shall be Parent&#146;s sole recourse with
respect to, and the exclusive source of funds for, payment of the Merger Consideration Decrease (if any) required to be made pursuant to Section&nbsp;2.8(d)(ii). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;<U>Cooperation</U>. For purposes of complying with the terms set forth in Sections 2.8(c) and 2.8(d), each of
Parent and the Member Representative shall cooperate with each other and make available to the other Party, the other Party&#146;s representatives and the Arbitration Firm all information, records, data and working papers, and shall permit
reasonable access during normal business hours and upon the giving of reasonable notice to its facilities and personnel, as may be reasonably required in connection with the preparation and analysis of the Closing Date Statement and the resolution
of any disputes thereunder. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.9&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment Procedures</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Prior to, or promptly following, the Closing, the Company or the Surviving Entity, as applicable, shall deliver to
each Company Member a letter of transmittal, in substantially the form of <U>Exhibit F</U> attached hereto (the &#147;<U>Letter of Transmittal</U>&#148;), which shall: (i)&nbsp;contain instructions for surrendering such Company Member&#146;s
Certificates, if any, and delivering the Letter of Transmittal, and receiving such Company Member&#146;s applicable portion of the Final Merger Consideration (as provided in Section&nbsp;2.9(b)); (ii) specify that delivery shall be effected, and
risk of loss and title to such Company Units shall pass, upon proper delivery to Parent of such Company Member&#146;s Certificates, if any, and duly completed and validly executed Letter of Transmittal; (iii)&nbsp;contain a general release of claims
against Parent and the Company; (iv)&nbsp;contain an agreement to be bound by the indemnification and other obligations set forth in this Agreement; and (v)&nbsp;contain such other provisions as Parent and the Company may mutually agree upon. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;With respect to any duly completed and validly executed Letters of Transmittal and Certificates, if any,
surrendered by a Company Member to Parent after the Effective Time, Parent shall, as promptly as practicable, pay to such Company Member such Company Member&#146;s applicable portion of the Net Closing Merger Consideration or, if then determined,
the Final Merger Consideration, in accordance with this Agreement and the Payment Spreadsheet, without interest, by wire transfer of immediately available funds to an account or accounts specified in the Letter of Transmittal. For the avoidance of
doubt, upon the surrender of such Letters of Transmittal and Certificates, if any, each Company Member shall also be entitled (to the extent not already paid) to the following amounts that may be payable in the future in respect of the Company Units
formerly represented by such Certificates: (i)&nbsp;amounts due on account of any Merger Consideration Increase as provided in Section&nbsp;2.8(d)(i), (ii) any release of funds from the Escrow Account as provided in Section&nbsp;9.8 and the Escrow
Agreement, and (iii)&nbsp;any release of funds from the Member Representative Reimbursement Fund as provided in Section&nbsp;12.17(c), in each case, at the respective time and subject to the terms specified herein and therein. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;If payment is to be made to a Person other than the Person in whose
name the Company Units are registered, it shall be a condition of payment that: (i)&nbsp;the Certificate evidencing such Company Units, if any, shall be properly endorsed or shall otherwise be in proper form for transfer; (ii)&nbsp;the Letter of
Transmittal delivered to Parent shall be duly completed and validly executed and otherwise in proper form; and (iii)&nbsp;the Person requesting such payment shall pay any Taxes required by reason of the payment to a Person other than the Company
Member in whose name the Company Units are registered, or establish to the reasonable satisfaction of Parent that such Taxes have been paid or are not applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;After the Effective Time, there shall be no transfers of Company Units on the transfer books of the Surviving
Entity. If, after the Effective Time, a Certificate is presented to Parent or the Surviving Entity, such Certificate shall be canceled and exchanged for the consideration as provided in Section&nbsp;2.6. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Any portion of the Final Merger Consideration that remains undistributed immediately prior to the time at which
such amounts would otherwise escheat or become property of any Governmental Authority shall, to the extent permitted by applicable Law, become the property of Parent, free and clear of all claims or interest of any Person previously entitled
thereto. Neither Parent nor the Surviving Entity will be liable to any Company Member for any part of the Final Merger Consideration delivered to a public official pursuant to any applicable abandoned property, escheat or similar Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.10&nbsp;&nbsp;&nbsp;&nbsp;<U>Adjustments</U>. Notwithstanding anything to the contrary set forth in this Article&nbsp;2, if, during the
Interim Period, any change in the outstanding Company Units shall occur by reason of any reclassification, recapitalization, split or combination of Company Units, any exchange or readjustment of Company Units or any similar transaction, or any
dividend of Equity Interests on the Company Units shall be effected, the consideration payable to the Company Members in respect of their Company Units set forth in the Payment Spreadsheet will be appropriately adjusted to reflect any such change.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.11&nbsp;&nbsp;&nbsp;&nbsp;<U>Dissenting Units</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement, any Company Units that are issued and outstanding
immediately prior to the Effective Time that are held by Company Members properly exercising dissenter&#146;s rights available under the Dissenter&#146;s Act (the &#147;<U>Dissenting Units</U>&#148;) shall be converted into the right to receive
payment from the Surviving Entity with respect thereto and shall not be converted into or be exchangeable for the right to receive cash or other consideration therefor unless and until such holders shall have failed to perfect or shall have
effectively withdrawn or lost their rights to appraisal under the Dissenter&#146;s Act. Dissenting Units shall be treated in accordance with the Dissenter&#146;s Act. If any holder of Dissenting Units shall have failed to perfect or shall have
effectively withdrawn or lost such right to appraisal, such holder&#146;s Company Units shall thereupon be converted into and become exchangeable only for the right to receive, as of the Effective Time, such holder&#146;s applicable portion of the
Final Merger Consideration, without interest, in respect of such Company Units in accordance with Section&nbsp;2.6(b). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Prior to the Closing, the Company shall give to Parent (i)&nbsp;prompt
written notice of any demands for appraisal rights with respect to any Company Units, attempted withdrawals of such demands and any other instruments served pursuant to the Dissenter&#146;s Act and received by the Company relating to appraisal
rights and (ii)&nbsp;the opportunity to participate in the conduct of all negotiations and proceedings with respect to demands for appraisal rights. Except with the prior written consent of Parent, prior to the Closing, and the Member
Representative, after the Closing (in each case, not to be unreasonably withheld, conditioned or delayed by Parent and/or the Member Representative, as applicable), the Company shall not make any payment with respect to any demands for appraisal
rights or settle any such demands for appraisal rights. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.12&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase Price Allocation</U>.<U> </U><U></U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The Parties hereby agree and acknowledge that pursuant to Revenue Ruling
<FONT STYLE="white-space:nowrap">99-6,</FONT> <FONT STYLE="white-space:nowrap">1999-1</FONT> C.B. 432 (Situation 2), the Merger hereunder will be treated for federal income Tax purposes by Parent as a purchase of the assets of the Company, and by
the Company Members as a sale of their respective Company Units. For purposes of Section&nbsp;751 of the Code and the statement required to be filed under Treasury Regulations <FONT STYLE="white-space:nowrap">Section&nbsp;1.751-1(a)(3)</FONT> and
for purposes of the purchase of undivided interests in the assets of the Company pursuant to Revenue Ruling <FONT STYLE="white-space:nowrap">99-6,</FONT> <FONT STYLE="white-space:nowrap">1999-1</FONT> C.B. 432, and Section&nbsp;1060 of the Code and
the Treasury Regulations thereunder, each as the case may be, the Parties agree that the Final Merger Consideration, as adjusted, and the Liabilities of the Company (plus other relevant and required items), will be allocated to the underlying assets
of the Company in accordance with the provisions of Section&nbsp;1060 of the Code and the Treasury Regulations thereunder. As soon as practicable after the Closing, and in any event, within one hundred twenty (120)&nbsp;days of the Closing Date,
Parent shall, subject to the provisions of Section&nbsp;2.12(b), provide to the Member Representative a draft of such allocation (the &#147;<U>Allocation Schedule</U>&#148;) which Allocation Schedule shall reflect any adjustments to the Final Merger
Consideration. The Parties shall file all Tax Returns, including IRS Form 8594 (with respect to Parent), in a manner consistent with the Allocation Schedule and the tax treatment described in&nbsp;this Section&nbsp;2.12, and no Party shall take any
position in any Tax Return that is inconsistent with the Allocation Schedule, as adjusted, unless required to do so by a final determination as defined in Section&nbsp;1313 of the Code. The Parties agree to promptly advise each other regarding the
existence of any Tax audit or administrative or judicial Tax proceeding related to the tax treatment of the Merger or the Allocation Schedule. Not later than thirty (30)&nbsp;days prior to the filing of Parent&#146;s Form 8594 relating to this
transaction, Parent shall deliver to the Member Representative a copy of its Form 8594. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Parent shall deliver
(or cause to be delivered) a draft of the Allocation Schedule (and any adjustments thereto) to the Member Representative pursuant to Section&nbsp;2.12(a) for the Member Representative&#146;s review and comment, and shall consider all such comments
in good faith. If within thirty (30)&nbsp;days after the Member Representative&#146;s receipt of the draft Allocation Schedule, the Member Representative has not objected in writing to such draft Allocation Schedule, then such draft Allocation
Schedule shall become the final Allocation Schedule (as it may be subject to adjustment from time to time pursuant to Section&nbsp;2.12(a)). In the event the Member Representative objects in writing within such
<FONT STYLE="white-space:nowrap">30-day</FONT> period, Parent shall consider such objections in good faith and shall negotiate with the Member </P>
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Representative in good faith to resolve any outstanding disagreements. If the Parties are unable to reach agreement within thirty (30)&nbsp;days after the date of the Member Representative&#146;s
notice of objection, then (i)&nbsp;such dispute shall be resolved, and (ii)&nbsp;the final Allocation Schedule (as it may be subject to adjustment from time to time pursuant to Section&nbsp;2.12(a)) shall be determined by the Arbitration Firm. The
final Allocation Schedule (as it may be subject to adjustment from time to time pursuant to Section&nbsp;2.12(a)), as agreed upon by the Member Representative and Parent or otherwise determined pursuant to this Section&nbsp;2.12(b), shall be final
and binding upon the Parties. Each of the Member Representative and Parent shall bear all of their own respective fees, costs and expenses incurred in connection with the determination of the final Allocation Schedule (as it may be subject to
adjustment from time to time pursuant to Section&nbsp;2.12(a)), except the Member Representative and Parent (collectively) shall each pay <FONT STYLE="white-space:nowrap">one-half</FONT> (50%) of the fees, costs and expenses of the Arbitration Firm,
if any. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.13&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>. Parent, Merger Sub, the Company, the Surviving Entity and the Member
Representative shall be entitled to deduct and withhold from any amount paid or payable in connection with the transactions contemplated in this Agreement such amounts that Parent, Merger Sub, the Company, the Surviving Entity and the Member
Representative are required to deduct and withhold under the Code or any provision of state, local, provincial or foreign Tax law. To the extent that amounts are so deducted and withheld and duly and timely deposited with the appropriate
Governmental Authority, such deducted and withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Person in respect of which such deduction and withholding was made. No later than five (5)&nbsp;days before the
Closing, Parent shall notify the Member Representative if it believes any such withholding will be required from any payments in respect of Company Units (including Dissenting Units) and, if Parent believes such withholding is required, Parent shall
cooperate in good faith with the Member Representative to reduce the amount of, or eliminate the necessity for, such withholding. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REPRESENTATIONS AND WARRANTIES OF THE COMPANY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Except as set forth in the schedules accompanying this Agreement (as each may be amended, updated or supplemented pursuant to
Section&nbsp;5.7, a &#147;<U>Schedule</U>&#148; and, collectively, the &#147;<U>Disclosure Schedules</U>&#148;), the Company represents and warrants to Parent and Merger Sub as of the date of this Agreement and as of the Closing Date as follows:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Organization; Good Standing</U>. Each of the Company and its Subsidiaries is a legal entity duly organized,
validly existing, and in good standing (where such concept is applicable) under the Laws of the jurisdiction of its organization. Each of the Company and its Subsidiaries possesses the requisite power and authority to own, lease and operate its
properties as currently conducted. Each of the Company and its Subsidiaries is duly licensed or qualified to conduct business and is in good standing (where such concept is applicable) under the Laws of each jurisdiction set forth on Schedule 3.1,
which constitutes all jurisdictions in which the character of the assets owned or leased, or the nature of the business conducted, by each of them requires such licensing or qualification, except where the failure to be so licensed or qualified or
to be in good standing would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Capitalization</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The authorized limited liability company interest of the Company consists of Company Units. As of the date of this
Agreement, 184,000 Company Class&nbsp;A Units are issued and outstanding and 760,662 Company Class&nbsp;B Units are issued and outstanding. Schedule&nbsp;3.2(a) sets forth a complete and correct list of the holders of all the issued and outstanding
Company Units, the address of each such holder and the number and class of Company Units owned of record by each such holder. Except as set forth in this Section&nbsp;3.2(a) and Schedule&nbsp;3.2(a), no other Equity Interests of the Company are
authorized, issued or outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;All of the issued and outstanding Company Units are duly authorized,
validly issued, fully paid and nonassessable and have not been issued in violation of any preemptive or other rights created by statute, the Articles or Operating Agreement or any Contract. Except as set forth on Schedule 3.2(b), there are no
outstanding options, purchase rights, equity appreciation rights, profit participation or other similar rights with respect to Equity Interests or similar phantom rights of the Company. There are no outstanding obligations of the Company to
repurchase, redeem or otherwise acquire any Equity Interests of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;The Company is not a party to any
Contract relating to the voting of, or requiring the issuance or sale of, any Equity Interests of the Company other than the Operating Agreement. There are no accrued and unpaid distributions with respect to any outstanding Company Units. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Power and Authority</U>. The Company has all requisite power and
authority to execute and deliver this Agreement and each of the Ancillary Agreements to which it is a party and, subject to the receipt of the Company Member Approval, to perform its obligations hereunder and thereunder and to consummate the
transactions contemplated hereby and thereby. The execution and delivery by the Company of this Agreement and each of the Ancillary Agreements to which the Company 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 the Company and, except for receipt of the Company Member Approval, no other or further action or proceeding on the part of the Company or its equity holders is necessary
to authorize the execution and delivery by the Company of this Agreement and the consummation by the Company of the transactions contemplated hereby and thereby. This Agreement has been, and each Ancillary Agreement will be, duly and validly
executed and delivered by the Company and, assuming the due and valid authorization, execution and delivery of this Agreement by Parent and Merger Sub, and of each such Ancillary Agreement by the other parties thereto, constitutes, or will
constitute, a valid and binding obligation of the Company, enforceable against it in accordance with its terms and conditions, subject to General Principles of Law, Equity and Public Policy. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Consents and Approvals; No Violation</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Except: (i)&nbsp;for the filing of the Certificate of Merger with the California Secretary of State; and
(ii)&nbsp;for any filings required to be made pursuant to the HSR Act and any other Antitrust Laws (all of the foregoing, the &#147;<U>Company Required Governmental Approvals</U>&#148;), none of the Company or any of its Subsidiaries is required to
give any material notice to, make any material filing with, or obtain any material authorization, consent, or approval of any Governmental Authority in connection with the execution, delivery and performance by the Company of this Agreement or any
of the Ancillary Agreements to which it is a party or the consummation of the transactions contemplated hereby and thereby. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Assuming the Company Required Governmental Approvals and the Company Member Approval are given, made or obtained,
as the case may be, the execution, delivery and performance by the Company of this Agreement and the Ancillary Agreements to which it is a party, and the consummation of the transactions contemplated hereby and thereby, does not: (i)&nbsp;violate or
conflict with any provision of the Articles or the Operating Agreement; (ii)&nbsp;violate any Law or Order to which the Company or any of its Subsidiaries is subject; (iii)&nbsp;require the consent of, notice to or other action by any Person under,
materially conflict with, result in a material violation or breach of, or loss of any material benefit under, constitute a material default under, result in the acceleration or termination of, or create in any party the right to accelerate,
terminate, modify or cancel, or result in the creation of a Lien upon, any Material Contract to which the Company or any of its Subsidiaries is a party; or (iv)&nbsp;trigger any &#147;change of control&#148; or other similar provisions contained in
any Material Contract to which the Company or any of its Subsidiaries is a party. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.5&nbsp;&nbsp;&nbsp;&nbsp;<U>Brokers</U><U>&#146;</U><U> Fees</U>. Except as set forth on Schedule 3.5, none of the Company or any of its
Subsidiaries has any Liability to pay any fees or commissions to any broker, finder, investment banker or agent with respect to the transactions contemplated by this Agreement </P>
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based upon any arrangement or agreement made by or on behalf of the Company or any of its Subsidiaries. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.6&nbsp;&nbsp;&nbsp;&nbsp;<U>Subsidiaries; Assets</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Schedule 3.6(a) sets forth: (i)&nbsp;the name of each Subsidiary of the Company; and (ii)&nbsp;the number and type
of issued and outstanding Equity Interests of each Subsidiary of the Company. All of the issued and outstanding Equity Interests of each Subsidiary of the Company are duly authorized, validly issued, fully paid and nonassessable. There are no
outstanding equity appreciation rights, profit participation or other similar rights with respect to Equity Interests of any Subsidiary of the Company. There are no outstanding obligations of the Company or any of its Subsidiaries to repurchase,
redeem or otherwise acquire any Equity Interests of any Subsidiary of the Company. The Company does not, either directly or indirectly, own of record or beneficially any Equity Interests in any Person (other than the Subsidiaries of the Company).
All of the outstanding Equity Interests in each Subsidiary of the Company are owned of record by the Company or another Subsidiary of the Company, free and clear of all Liens other than Permitted Liens. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;The Company and its Subsidiaries have good and valid title to, or lease and have a valid leasehold interest in, all
of the tangible assets reflected as being owned by or leased to them in the Financial Statements, free and clear of all Liens, except for: (i)&nbsp;assets disposed of in the Ordinary Course after the Balance Sheet Date; and (ii)&nbsp;Permitted
Liens. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.7&nbsp;&nbsp;&nbsp;&nbsp;<U>Real and Personal Property</U>. The Company (or the applicable Subsidiary of the Company) has sole,
good and marketable title to, or in the case of leased property, has valid leasehold interests in, all real property and tangible personal property and other assets reflected on the Financial Statements or acquired after the Balance Sheet Date,
other than properties and assets sold or otherwise disposed of in the Ordinary Course since the Balance Sheet Date. All such properties and assets (including leasehold interests) are free and clear of all Liens other than Permitted Liens. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Owned Real Property</U>. None of the Company or any of its Subsidiaries owns any real property. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Leased Real Property</U>. Schedule 3.7(b) sets forth the address of each Leased Real Property, and a correct and
complete list of all Leases for each such Leased Real Property (the &#147;<U>Real Property Leases</U>&#148;). With respect to each of the Real Property Leases: (i)&nbsp;the Company (or the applicable Subsidiary of the Company) enjoys peaceful and
undisturbed possession under such Real Property Leases; (ii)&nbsp;all rent due and payable under such Real Property Leases has been paid to date; and (iii)&nbsp;none of the Company or any of its Subsidiaries has subleased, licensed or otherwise
granted any Person the right to use or occupy such Leased Real Property or any portion thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Personal
Property</U>. The buildings, plants, structures, furniture, fixtures, machinery, equipment and other tangible personal property of the Company and any of its Subsidiaries are structurally sound, are in good operating condition and repair, normal
wear and tear excepted, and are adequate for the uses to which they are being put, and none of such </P>
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buildings, plants, structures, furniture, fixtures, machinery, equipment, and other tangible personal property is in need of maintenance or repairs except for maintenance and repairs that are not
material in nature or cost. The buildings, plants, structures, furniture, fixtures, machinery, equipment and other tangible personal property of the Company and any of its Subsidiaries are sufficient in all material respects for the continued
conduct of the Business immediately after the Closing in substantially the same manner as conducted immediately prior to the Closing. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.8&nbsp;&nbsp;&nbsp;&nbsp;<U>Financial Statements</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Correct and complete copies of the following financial statements have been delivered or made available to Parent
prior to the date hereof: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;the audited consolidated balance sheet of the Company and its Subsidiaries as of
December&nbsp;31, 2016, and the related consolidated statements of income and cash flows of the Company and its Subsidiaries for the year then ended (the &#147;<U>Audited Financial Statements</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the unaudited consolidated balance sheet of the Company and its Subsidiaries as of June&nbsp;30, 2017 (the
&#147;<U>Balance Sheet Date</U>&#148;) and the related consolidated statements of income and cash flows of the Company and its Subsidiaries for the period then ended (the &#147;<U>Interim Financial Statements</U>&#148; and, together with the Audited
Financial Statements, the &#147;<U>Financial Statements</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;The Financial Statements: (i)&nbsp;have
been prepared in accordance with GAAP applied on a consistent basis for the periods covered thereby, except that the Interim Financial Statements do not contain any footnotes and are subject to normal <FONT STYLE="white-space:nowrap">year-end</FONT>
audit adjustments; and (ii)&nbsp;present fairly in all material respects the financial condition and results of operations of the Company and its Subsidiaries, taken as a whole, as of the dates thereof and for the periods covered thereby (with
respect to the Interim Financial Statements, subject to normal <FONT STYLE="white-space:nowrap">year-end</FONT> audit adjustments and any other adjustments expressly described therein). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.9&nbsp;&nbsp;&nbsp;&nbsp;<U>Undisclosed Liabilities</U>. Neither the Company nor any of its Subsidiaries has any Liabilities, other than
Liabilities which (a)&nbsp;are adequately reflected or reserved against in the Financial Statements or (b)&nbsp;have been incurred in the Ordinary Course since the Balance Sheet Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.10&nbsp;&nbsp;&nbsp;&nbsp;<U>Absence of Certain Changes</U>. Except as set forth on Schedule&nbsp;3.10&nbsp;or as otherwise contemplated or
permitted by this Agreement, since the Balance Sheet Date: (a)&nbsp;there has not occurred any event, occurrence or development that has had, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;
(b)&nbsp;the Company and its Subsidiaries have conducted the Business in the Ordinary Course in all material respects; and (c)&nbsp;there has not been any (i)&nbsp;amendment of the Articles or Operating Agreement; (ii)&nbsp;split, combination or
reclassification of any Equity Interests of the Company or any of its Subsidiaries; (iii)&nbsp;declaration, setting aside or payment of any dividend on, or other distribution (whether in cash, stock or property) in respect of, any Equity Interests
of the Company or any of its Subsidiaries; (iv)&nbsp;issuance, sale or other disposition, or authorization of any issuance, sale or other disposition, of any of Equity Interests of the Company or any of its Subsidiaries, or grant of
</P>
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any options, warrants or other rights to purchase or obtain (including upon conversion, exchange or exercise) any Equity Interests of the Company or any of its Subsidiaries; (v)&nbsp;any
purchase, redemption or other acquisition by the Company or any of its Subsidiaries of any of its Equity Interests or any options, warrants, calls or rights to acquire any such Equity Interests; (vi)&nbsp;material change in any method of accounting
or accounting practice of the Company or any of its Subsidiaries, except as required by GAAP or applicable Law or as disclosed in the notes to the Financial Statements; (vii)&nbsp;termination or notice of termination received from a third party or
amendment or modification, with respect to any Material Contract or Permit; (viii)&nbsp;incurrence, assumption or guarantee of any Indebtedness for borrowed money; (ix)&nbsp;new, change in or revocation of any material Tax election, filing of any
amended Tax Return, adoption of or change in any method of Tax accounting, change in any annual Tax accounting period, entrance into any Tax allocation agreement, Tax sharing agreement, Tax indemnity agreement or closing agreement, settlement or
compromise of any claim, notice, audit report or assessment in respect of material Taxes, surrender of any right to claim a material Tax refund or consent to any extension or waiver of the limitation period applicable to any material Tax claim or
assessment (other than any agreements solely among the Company and/or its Subsidiaries and Tax provisions in loan agreements, leases, license agreements and other commercial agreements entered into in the Ordinary Course and the principal purpose of
which does not relate to Taxes, which Tax provisions are in form and substance substantially similar to those in other similar agreements of the Company that have been provided to Parent); (x) employment, change in control, retention, severance or
similar service agreement entered into with any current or former manager, director, officer, employee or consultant of the Company or any of its Subsidiaries, or any Company Member, or increase in the compensation of any current or former managers,
directors, officers, employees or consultants, except for annual and/or merit increases made in the Ordinary Course; or (xi)&nbsp;sale or other disposition of, or mortgage, pledge or other encumbrance of, any of the assets shown or reflected in the
Financial Statements, except in the Ordinary Course and except for dispositions of obsolete or worthless assets. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.11&nbsp;&nbsp;&nbsp;&nbsp;<U>Compliance with Law; Permits</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The Company and its Subsidiaries are in compliance in all material respects with all applicable Laws and Orders. No
Action alleging any failure to comply with any applicable Law or Order is pending or, to the Knowledge of the Company, currently threatened in writing against the Company or any of its Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;The Company and its Subsidiaries hold all material Permits required in connection with the conduct of the Business
as currently conducted, and each such Permit is listed on Schedule 3.11(b). Each such Permit is valid and in full force and effect. The Permits listed on Schedule 3.11(b) collectively constitute all of the material Permits necessary to permit the
Company and its Subsidiaries to lawfully conduct and operate the Business in the manner currently conducted and operated. The Company and its Subsidiaries are in material compliance with the terms and conditions of all such Permits, and there is no
pending, or to the Knowledge of the Company, threatened action by or before any Governmental Authority to revoke, cancel, rescind, modify or refuse to renew in the Ordinary Course any of such Permits. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.12&nbsp;&nbsp;&nbsp;&nbsp;<U>Environmental Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;the Company and its Subsidiaries are in compliance with all Environmental Laws; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the Company and each of its Subsidiaries have all the Environmental Permits necessary to conduct the Business,
the Company and each of its Subsidiaries are in compliance with their respective Environmental Permits, and all such Environmental Permits are in good standing; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;since January&nbsp;1, 2012, none of the Company or any of its Subsidiaries has received any written notice from
any Governmental Authority or any other Person alleging that the Company or any of its Subsidiaries is not in compliance with any Environmental Law, and there is no litigation, investigation, request for information or other proceeding pending, or,
to the Knowledge of the Company, threatened against the Company or any of its Subsidiaries under any Environmental Law; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;the Leased Real Property and the existing uses and activities thereon, including the use, maintenance and
operation of the Business as currently conducted, comply with all Environmental Laws, and there has been no release of Hazardous Materials at the Leased Real Property except in compliance with all Environmental Laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained in this Agreement, the representations and warranties contained
in this Section&nbsp;3.12 constitute the sole representations and warranties made by the Company in this Agreement with respect to environmental matters. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.13&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;All income and other material Tax Returns required to have been filed by or in respect of the Company and each of
its Subsidiaries (as any deadlines for filing may have been extended by duly filed applications for extension) have been timely filed. All such Tax Returns were correct and complete in all material respects, were prepared in substantial compliance
with all applicable Laws and disclose all Taxes required to be paid for the periods covered thereby. All Taxes due and owing by the Company or any of its Subsidiaries have been paid (whether or not shown as due and owing on any Tax Returns). There
are no Liens for Taxes (other than Permitted Liens) upon any of the assets of the Company or any of its Subsidiaries. The Company and its Subsidiaries have timely withheld and paid to the appropriate Governmental Authority all Taxes required to have
been withheld and paid by it in connection with amounts paid or owing to any employee, independent contractor, creditor, or other third party, and all Forms <FONT STYLE="white-space:nowrap">W-2</FONT> and 1099 and other applicable forms required
with respect thereto have been properly completed and timely filed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;There is no Tax audit or administrative or
judicial Tax proceeding pending with respect to the Company or any of its Subsidiaries. None of the Company or any of its Subsidiaries has received from any Governmental Authority any written notice indicating an
</P>
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intent to investigate or open an audit or other review of any Tax or Tax Return of the Company or any of its Subsidiaries. No deficiencies for Taxes with respect to the Company or any of its
Subsidiaries have been claimed, proposed or assessed in writing by any Governmental Authority. No issues relating to Taxes of the Company or any of its Subsidiaries were raised in writing by the relevant Governmental Authority in any completed audit
or examination that would reasonably be expected to result in a material amount of Taxes in a later taxable period. There are no matters under discussion with any Governmental Authority with respect to Taxes that are likely to result in an
additional liability for Taxes with respect to the Company or its Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;None of the Company or any of
its Subsidiaries has waived any statute of limitations in respect of Taxes or agreed to any extension of time with respect to a Tax assessment or deficiency, or made any request in writing for any such waiver or extension, and no power of attorney
still in effect in respect of any Taxes has been executed or filed with any taxing authority. None of the Company or its Subsidiaries is currently the beneficiary of any extension of time within which to file any Tax Return (other than customary
extensions of no longer than six (6)&nbsp;months). No written claim has been made by a jurisdiction in which the Company or any of its Subsidiaries does not file Tax Returns that the Company or any of its Subsidiaries is or may be required to file
Tax Returns or pay Taxes in such jurisdiction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;The Company is currently classified (and has been classified
since its organization) as a partnership for U.S. federal and all applicable state and local income Tax purposes. None of the Company or any of its Subsidiaries has made an entity classification election pursuant to Treasury Regulations <FONT
STYLE="white-space:nowrap">Section&nbsp;301.7701-3.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Neither the Company nor any of its Subsidiaries is
or has been a party to any &#147;listed transaction&#148; (as defined in Section&nbsp;6707A(c)(2) of the Code). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;Neither the Company nor any of its Subsidiaries has been a party to any Tax indemnification, Tax allocation or Tax
sharing agreement pursuant to which the Company or any of its Subsidiaries, as applicable, will have any obligation to make any payments after the Closing Date, other than (i)&nbsp;any agreements solely among the Company and/or its Subsidiaries and
(ii)&nbsp;Tax provision in loan agreements, leases, license agreements and other commercial agreements entered into in the Ordinary Course and the principal purpose of which does not relate to Taxes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;The Company has delivered or made available to Parent complete and accurate copies of federal, state, local and
foreign Tax Returns of the Company and its predecessors for all taxable years remaining open under the applicable statute of limitations, including, promptly upon their availability, for the most recent taxable year, and complete and accurate copies
of all audit or examination reports and statements of deficiencies assessed against or agreed to by the Company (or any predecessor of the Company) since the last day of the last taxable year, if any, for which the applicable statute of limitations
is closed, with respect to Taxes of any type. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;Neither the Company nor any of its Subsidiaries has engaged in a trade
or business, had a permanent establishment (within the meaning of an applicable Tax treaty) or otherwise become subject to Tax jurisdiction in a country other than the United States. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;The unpaid Taxes of the Company and its Subsidiaries do not, as of the Balance Sheet Date, exceed the reserve for
Tax liability (excluding any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the face of the balance sheet set forth in the Financial Statements (rather than in any notes thereto), and
since the Balance Sheet Date, the Company has not incurred any liability for Taxes outside the ordinary course of business or otherwise inconsistent with past custom and practice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained in this Agreement, the representations and warranties contained
in this Section&nbsp;3.13 constitute the sole representations and warranties made by the Company in this Agreement with respect to Tax matters. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.14&nbsp;&nbsp;&nbsp;&nbsp;<U>Intellectual Property</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The Company and its Subsidiaries, collectively, exclusively own, free and clear of all Liens (other than Permitted
Liens), all right, title and interest in and to all Owned Intellectual Property. The Company and its Subsidiaries, collectively, have the right to use all Licensed Intellectual Property in the conduct of the Business as currently conducted. Owned
Intellectual Property and Licensed Intellectual Property include all of the material Intellectual Property that is used in the conduct of the Business as currently conducted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;The transactions contemplated by this Agreement will not (i)&nbsp;impair the right, title or interest of the
Company and its Subsidiaries in or to or create a Lien on any of the Owned Intellectual Property, (ii)&nbsp;cause the release, disclosure, or delivery of any Owned Intellectual Property by any escrow agent or other Person, or (iii)&nbsp;cause the
grant, assignment, or transfer to any other Person of any license or other right or interest under, to, or in any of the Owned Intellectual Property, and each item of Owned Intellectual Property will continue to be owned by the Company or any of its
Subsidiaries immediately after the Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Except as set forth on Schedule 3.14(c), the operation of the
Business as currently conducted by the Company and its Subsidiaries does not interfere with, infringe upon, misappropriate, or otherwise come in conflict with, any Intellectual Property of any Person; provided that the foregoing representation is
made to the Knowledge of the Company with respect to (i)&nbsp;patents and patent applications owned by third parties and (ii)&nbsp;any Licensed Intellectual Property licensed pursuant to Licenses for commercially available <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">off-the-shelf</FONT></FONT> software or services to the extent such Licensed Intellectual Property is used by the Company or its Subsidiaries in accordance with the applicable License.
Since January&nbsp;1, 2012, none of the Company or any of its Subsidiaries has received any written charge, complaint, claim, demand or notice alleging any such interference, infringement, misappropriation or violation (including any offer or demand
to license any Intellectual Property of any Person) and, to the Knowledge of the Company, no such charge, complaint, claim demand or notice is currently threatened in writing or pending. No claims challenging the validity, enforceability, ownership
or use of any Owned Intellectual Property are pending or, to the Knowledge of the Company, are currently threatened in writing. To the Knowledge of the Company, since January&nbsp;1, 2012 no Person has interfered
</P>
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with, infringed upon, misappropriated or otherwise conflicted with any Owned Intellectual Property. Neither the Company nor any of its Subsidiaries have sent to any Person any notice alleging any
infringement, misappropriation, or other violation by any Person of any Owned Intellectual Property, and to the Knowledge of the Company no Person is infringing, misappropriating or otherwise violating the rights of the Company or its Subsidiaries
in any Owned Intellectual Property. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;Schedule 3.14(d) identifies (i)&nbsp;all items of Intellectual Property
that are registered or filed with any Governmental Authority by or on behalf of the Company or its Subsidiaries, including: (A)&nbsp;all patented or registered Intellectual Property, including all trademarks and Internet domain registrations; and
(B)&nbsp;all pending patent applications or other applications for registration of Intellectual Property ((A) and (B)&nbsp;collectively, the &#147;<U>Registered IP</U>&#148;); (ii) all unregistered trade names or corporate names and all material
unregistered trademarks and service marks used by the Company or its Subsidiaries in the conduct of the Business; (iii)&nbsp;the jurisdiction in which each such item of Registered IP has been registered or filed and the applicable application,
registration, or serial or other similar identification number; and (iv)&nbsp;any other Person that has an ownership interest in any Registered IP or Intellectual Property listed in clause (ii)&nbsp;above (whether joint or otherwise) and the nature
of such ownership interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;All registrations for Registered IP are valid and unexpired and have not been
abandoned or canceled. All documents, instruments and payments necessary to obtain, perfect and maintain the rights of the Company and its Subsidiaries in the Registered IP have been validly executed, delivered, and filed in a timely manner with the
appropriate Governmental Authority. None of the Owned Intellectual Property is subject to any outstanding consent, settlement, decree, order, injunction or ruling restricting the use or ownership thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;The Company and its Subsidiaries have taken reasonable measures to protect the confidentiality of all trade secrets
that are owned, used or held by the Company and its Subsidiaries and, to the Company&#146;s Knowledge, such material trade secrets have not been used, disclosed to or discovered by any Person except pursuant to valid and appropriate <FONT
STYLE="white-space:nowrap">non-disclosure</FONT> and/or license agreements which have not been breached. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;Each
Person who is or was an employee or contractor of the Company or any of its Subsidiaries and who is or was involved in the creation or development of any Intellectual Property for the Company or any of its Subsidiaries has signed a valid,
enforceable agreement containing an assignment to the Company or its Subsidiaries of all Intellectual Property rights in such Intellectual Property and confidentiality provisions protecting such Intellectual Property. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained in this Agreement, the representations and warranties contained
in this Section&nbsp;3.14 constitute the sole representations and warranties made by the Company in this Agreement with respect to Intellectual Property matters. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-32- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.15&nbsp;&nbsp;&nbsp;&nbsp;<U>Contracts</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Schedule 3.15(a) lists the following Contracts to which the Company or any of its Subsidiaries is a party (each, a
&#147;<U>Material Contract</U>&#148;): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;any Contract (or series of related Contracts) relating to the lease of
personal property to or from any Person that involved, or is reasonably expected to involve, rental payment obligations in excess of $25,000 during the year ended December&nbsp;31, 2016, or the year ending December&nbsp;31, 2017, as applicable; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;any Real Property Lease; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;any Contract to purchase or sell real property; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;(A) any Contract entered into in the Ordinary Course for the purchase of supplies, products or goods that
involved, or is reasonably expected to involve, payment obligations by the Company greater than $150,000 individually during the year ended December&nbsp;31, 2016, or the year ending December&nbsp;31, 2017, as applicable; and (B)&nbsp;any Contract
entered into outside of the Ordinary Course for the purchase or sale of supplies, products or goods, or for the furnishing or receipt of services, in each case that involved, or is reasonably expected to involve, payment obligations by the Company
greater than $10,000 individually during the year ended December&nbsp;31, 2016, or the year ending December&nbsp;31, 2017, as applicable; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v)&nbsp;&nbsp;&nbsp;&nbsp;any Contract that involves any partnership, strategic alliance, joint venture or sharing of profits in excess of
$25,000 by the Company or any of its Subsidiaries with any other Person; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi)&nbsp;&nbsp;&nbsp;&nbsp;any Contract concerning the
ownership of investments in any Person or a minority Equity Interest in any Person; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii)&nbsp;&nbsp;&nbsp;&nbsp;any Contract relating
to Indebtedness; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(viii)&nbsp;&nbsp;&nbsp;&nbsp;any (A)&nbsp;License (other than Licenses for commercially available <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">off-the-shelf</FONT></FONT> software) or (B)&nbsp;Contract pursuant to which the Company or any of its Subsidiaries is obligated to pay royalties to any other Person with respect to any
Intellectual Property; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ix)&nbsp;&nbsp;&nbsp;&nbsp;any Contract pursuant to which the Company or any of its Subsidiaries has granted a
license or other right to use any trademark or any other Owned Intellectual Property; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(x)&nbsp;&nbsp;&nbsp;&nbsp;any Contract granting
any Person any exclusive rights; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xi)&nbsp;&nbsp;&nbsp;&nbsp;any collective bargaining agreement or other agreement with any union or
similar employee representative; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xii)&nbsp;&nbsp;&nbsp;&nbsp;any Contract for the employment or engagement of any individual on a
full-time, part-time or consulting basis, other than any offer letter on the Company&#146;s standard forms (which forms have been made available to Parent) that is terminable &#147;at will&#148; and </P>

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does not provide for severance or termination benefits or any change in control or retention payments or benefits; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;any powers of attorney or similar grants of agency; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;any Contract with any Governmental Authority; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xv)&nbsp;&nbsp;&nbsp;&nbsp;any Contract obligating the Company or any of its Subsidiaries: (A)&nbsp;to refrain from competing with any
business, (B)&nbsp;to refrain from conducting business in any particular jurisdiction, (C)&nbsp;to refrain from conducting any business with certain parties, or (D)&nbsp;to provide &#147;most favored nations&#148; terms for the benefit of any other
Person; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xvi)&nbsp;&nbsp;&nbsp;&nbsp;any Contract with a Related Person; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xvii)&nbsp;&nbsp;&nbsp;&nbsp;any Contract that provides for the indemnification by the Company or any of its Subsidiaries of any Person or
the assumption of any Tax, environmental or other liability of any Person; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xviii)&nbsp;&nbsp;&nbsp;&nbsp;any Contract that relates to
the acquisition or disposition of any business or material assets or properties (whether by merger, sale of stock, sale of assets or otherwise) pursuant to which there are any ongoing rights or obligations; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(xix)&nbsp;&nbsp;&nbsp;&nbsp;any Contract involving future annual payment obligations by the Company or any of its Subsidiaries in excess of
$150,000 individually after the date hereof, except for any Contract that is terminable by the Company upon thirty (30)&nbsp;days&#146; notice or less without the payment of any penalty or fee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;The Company has delivered or made available to Parent a correct and complete copy of each Material Contract. Except
as set forth on Schedule 3.15(b), with respect to each such Material Contract: (i)&nbsp;such Material Contract is in full force and effect and constitutes a legal, valid and binding obligation of the Company or the applicable Subsidiary of the
Company that is a party thereto and, to the Knowledge of the Company, the other parties thereto, enforceable in accordance with its terms and conditions, subject to General Principles of Law, Equity and Public Policy; (ii)&nbsp;none of the Company
or any of its Subsidiaries, or to the Knowledge of the Company, any other party thereto, is in breach or default in any material respect under, or has provided or received any notice of any intention to terminate, such Material Contract; and
(iii)&nbsp;to the Knowledge of the Company, no event has occurred or circumstance exists which, with notice or lapse of time or both, would constitute such a breach or default, or permit termination, modification, or acceleration, under such
Material Contract. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.16&nbsp;&nbsp;&nbsp;&nbsp;<U>Labor Matters</U>. With respect to the Company and its Subsidiaries: (a)&nbsp;there is
no collective bargaining agreement or relationship or other agreement with a labor organization or trade union to which the Company or any Subsidiary is a party or bound; (b)&nbsp;there is no unfair labor practice charge or complaint pending or, to
the Knowledge of the Company, currently threatened in writing before the National Labor Relations Board or any other Governmental Authority; (c)&nbsp;since January&nbsp;1, 2012, there has been no labor strike, lockout, work stoppage or other
material labor dispute or formal complaint pending nor, to the Knowledge of the Company, is any of the foregoing currently threatened in writing; (d)&nbsp;to the Knowledge of the Company, no </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-34- </P>


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union organization campaign is in process with respect to any employees of the Company or any of its Subsidiaries; and (e)&nbsp;the Company and its Subsidiaries are in compliance in all material
respects with all applicable Laws respecting employment and employment practices, terms and conditions of employment, wages, hours of work, and occupational safety and health. There are no Actions against the Company or its Subsidiaries pending, or
to the Knowledge of the Company, threatened to be brought or filed, by or with any Governmental Authority or arbitrator in connection with the employment or service of any current or former employee or independent contractor of the Company that
would reasonably be expected to result, individually or in the aggregate, in a material Liability to the Company or its Subsidiaries. Each individual providing services to the Company and its Subsidiaries has been properly classified by such entity
as an employee or independent contractor and, with respect to employees, has been properly classified as exempt or <FONT STYLE="white-space:nowrap">non-exempt,</FONT> with respect to each such entity for all purposes under applicable Law and the
Employee Benefit Plans, except for any improper classification that would not reasonably be expected to result, individually or in the aggregate, in a material Liability to the Company or its Subsidiaries. Notwithstanding anything to the contrary
contained in this Agreement, the representations and warranties contained in this Section&nbsp;3.16 and Section&nbsp;3.17 below constitute the sole representations and warranties made by the Company in this Agreement with respect to labor matters.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.17&nbsp;&nbsp;&nbsp;&nbsp;<U>Employee Benefits Plans</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Schedule 3.17(a) sets forth a correct and complete list of each Employee Benefit Plan, other than any offer letter
that is terminable &#147;at will&#148; and does not provide for severance. With respect to each Employee Benefit Plan, the Company has delivered or made available to Parent correct and complete copies of: (i)&nbsp;all plan and trust documents and
any amendments thereto, summary plan descriptions and insurance contracts; (ii)&nbsp;the most recent Internal Revenue Service determination, advisory or opinion letter; (iii)&nbsp;the most recent IRS Form 5500, as filed, in each case if applicable;
and (iv)&nbsp;all material filings and correspondence with any Governmental Authority with respect thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Each Employee Benefit Plan has been maintained and administered in compliance in all material respects with the
terms of such Employee Benefit Plan, the applicable requirements of the Code and ERISA and any other applicable Laws. Each Employee Benefit Plan intended to be qualified under Section&nbsp;401(a) of the Code is so qualified and has received a
favorable determination, advisory or opinion letter from the Internal Revenue Service, and no event has occurred or condition exists that could reasonably be expected to adversely affect the qualification of such Employee Benefit Plan. To the
Knowledge of the Company, there has been no prohibited transaction (within the meaning of Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code and other than a transaction that is exempt under a statutory or administrative exemption) with
respect to any Employee Benefit Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;With respect to each Employee Benefit Plan, all material payments,
contributions and premiums that are required to have been made in accordance with the terms of such Employee Benefit Plan and applicable Laws have been made. There are no Actions (other than routine claims for benefits in the Ordinary Course)
pending or, to the Knowledge of the Company, currently threatened in writing with respect to any Employee Benefit Plan, other than </P>
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any such Actions that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;None of the Company, any of its Subsidiaries or any of their respective ERISA Affiliates has ever maintained,
sponsored, contributed to, had any obligation to contribute to, or had any Liability under or with respect to a &#147;defined benefit plan,&#148; as defined in Section&nbsp;3(35) of ERISA, a pension plan subject to the minimum funding standards of
Section&nbsp;302 of ERISA or Section&nbsp;412 of the Code, or a &#147;multiemployer plan,&#148; as defined in Section&nbsp;3(37) of ERISA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby
will: (i)&nbsp;entitle any current or former employee or independent contractor to any payment, forgiveness of Indebtedness, vesting, distribution, or increase in benefits or compensation under or with respect to any Employee Benefit Plan or
otherwise; (ii)&nbsp;result in any acceleration (of vesting or payment of benefits or compensation or otherwise) to any current or former employee or independent contractor; or (iii)&nbsp;trigger any obligation to fund any Employee Benefit Plan.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;Other than as required under Section&nbsp;4980B of the Code or other applicable Law, no Employee Benefit Plan
provides benefits or coverage in the nature of health, life or disability insurance following retirement or other termination of employment, and the Company and its Subsidiaries have no liability under any Employee Benefit Plan to provide benefits
or coverage in the nature of health, life or disability insurance to any former employee or independent contractor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;Each Employee Benefit Plan has been maintained and operated in documentary and operational compliance with
Section&nbsp;409A of the Code or an available exemption therefrom. None of the Company or any of its Subsidiaries is either a party to nor does it have any obligation under any contract or Employee Benefit Plan to compensate any Person for
additional Taxes payable pursuant to Section&nbsp;409A of the Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;No Employee Benefit Plan is subject to the
laws of any jurisdiction outside of the United States. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained in
this Agreement, the representations and warranties contained in this Section&nbsp;3.17 and Section&nbsp;3.16 above constitute the sole representations and warranties made by the Company in this Agreement with respect to employee benefit matters.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.18&nbsp;&nbsp;&nbsp;&nbsp;<U>Affiliate Transactions</U>. Except: (a)&nbsp;for employment-related arrangements, the payment of
compensation and benefits in the Ordinary Course, and travel advances and employee loans in the Ordinary Course and (b)&nbsp;as set forth on Schedule 3.18, neither any officer, manager, director, employee, consultant or Affiliate of the Company or
any of its Subsidiaries nor any Company Member nor, to the Knowledge of the Company, any immediate family member of any officer, manager, director, employee, consultant or Affiliate of the Company or any of its Subsidiaries or any Company Member
(collectively, all such persons, the &#147;<U>Related</U> </P>
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<U>Persons</U>&#148;), is a party to any Contract or ongoing transaction or business relationship with, or has any material interest in any material property used by, the Company or any of its
Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.19&nbsp;&nbsp;&nbsp;&nbsp;<U>Litigation</U>. Except as set forth on Schedule 3.19, there is no Action, hearing or
investigation pending or, to the Knowledge of the Company, currently threatened involving, against or by the Company or any of its Subsidiaries, including those (a)&nbsp;affecting any of (i)&nbsp;the Company&#146;s or any of its Subsidiaries&#146;
properties or assets or (ii)&nbsp;the officers, managers, directors, employees or consultants of the Company or any of its Subsidiaries (in their capacities as such), or (b)&nbsp;seeking to challenge or enjoin or obtain damages in respect of the
transactions contemplated by this Agreement. None of the Company or any of its Subsidiaries is subject to any outstanding Order that relates specifically to the Company or any of its Subsidiaries. To the Knowledge of the Company, no event has
occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.20&nbsp;&nbsp;&nbsp;&nbsp;<U>Insurance</U>. Schedule 3.20 sets forth a correct and complete summary of all policies of insurance currently
maintained by Company and its Subsidiaries (each, an &#147;<U>Insurance Policy</U>&#148;). With respect to each Insurance Policy: (a)&nbsp;the policy is in full force and effect; and (b)&nbsp;none of the Company or any of its Subsidiaries in
material breach or default (including with respect to the payment of premiums) thereunder. The Company (or the applicable Subsidiary of the Company) has not received notice of default under, cancellation of, premium increase with respect to, or
material alteration or limitation of coverage under, any such Insurance Policy. There are no outstanding material claims and no actual or potential Losses under any Insurance Policy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.21&nbsp;&nbsp;&nbsp;&nbsp;<U>Inventory</U>. All inventory of the Company and its Subsidiaries, whether or not reflected in the Financial
Statements, consists of a quality and quantity usable and salable in the Ordinary Course, except for obsolete, damaged, defective or slow-moving items that have been written off or written down to fair market value or for which adequate reserves
have been established and are reflected in the Financial Statements. All such inventory is owned by the Company (or the applicable Subsidiary of the Company) free and clear of all Liens other than Permitted Liens, and no inventory is held on a
consignment basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.22&nbsp;&nbsp;&nbsp;&nbsp;<U>Accounts Receivable</U>. All accounts receivable reflected on the Interim Financial
Statements and the accounts receivable arising after the Balance Sheet Date (a)&nbsp;have arisen from bona fide transactions entered into by the Company or its Subsidiaries involving the sale of goods or the rendering of services in the Ordinary
Course, (b)&nbsp;constitute only valid claims of the Company or its Subsidiaries not subject to material claims of setoff or other defenses or counterclaims other than normal cash discounts accrued in the Ordinary Course and (c)&nbsp;except as set
forth on Schedule 3.22, are current and collectible in full, net of the reserve set forth in the Interim Financial Statements, which reserve is adequate and calculated in accordance with GAAP and the Company&#146;s past practice in the preparation
of its Audited Financial Statements. Neither the Company nor any of its Subsidiaries has received any written notice regarding the uncollectibility of the accounts receivable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.23&nbsp;&nbsp;&nbsp;&nbsp;<U>Customers and Suppliers</U>. Schedule 3.23 contains a correct and complete list of the top 20 customers and top
20 suppliers of the Company for the fiscal years ended December 31, 2016 and 2015 (in the case of customers, based on the amount of revenues recognized by the Company and, in the case of suppliers, the dollar amount of payments made by the Company).
</P>
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To the Company&#146;s Knowledge, no such customer or supplier has provided notice of its intention to stop or materially decrease the rate of business done with the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.24&nbsp;&nbsp;&nbsp;&nbsp;<U>Anti-Bribery Compliance</U>. Neither the Company nor any of its Subsidiaries or, to the Company&#146;s
Knowledge, any of their respective managers, directors, officers or employees, or any Company Member, has taken any action, directly or indirectly, that would result in a material violation by such Persons of the Foreign Corrupt Practices Act of
1977, as amended, the UK Bribery Act of 2010, or any other applicable Law of similar effect in any jurisdiction to which such Person is subject in the ownership or operation of the Business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.25&nbsp;&nbsp;&nbsp;&nbsp;<U>Disclaimer</U>. Except for the representations and warranties contained in this Article&nbsp;3 (including the
Disclosure Schedules), none of the Company, any of its Subsidiaries, any of their respective managers, directors, officers, employees, members, stockholders, agents, Affiliates or representatives, or any other Person, has made or shall be deemed to
have made any representation or warranty to Parent or Merger Sub, express or implied, at law or in equity, with respect to the Company or its Subsidiaries or the execution and delivery of this Agreement or the transactions contemplated hereby. The
Company hereby disclaims any such representations or warranties, and each of Parent and Merger Sub hereby disclaims any reliance upon any such representations or warranties. Nothing in this Section&nbsp;3.25 shall impact any rights of any Party to
this Agreement in respect of Fraud. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Parent and Merger Sub, jointly and severally, hereby represent and warrant to the Company as of the date of this Agreement and as of the
Closing Date as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Organization; Good Standing</U>. Parent is a corporation duly incorporated,
validly existing, and in good standing under the Laws of the State of Delaware. Merger Sub is a limited liability company duly formed, validly existing, and in good standing under the Laws of the State of California. Each of Parent and Merger Sub
possesses the requisite power and authority to own, lease and operate its properties and to carry on its business as currently conducted. Each of Parent and Merger Sub is duly licensed or qualified to conduct business and is in good standing under
the Laws of each jurisdiction in which the character of the assets owned or leased, or the nature of the business conducted, by each of them requires such licensing or qualification, except where the failure to be so licensed or qualified or to be
in good standing would not reasonably be expected to have a material adverse effect on the financial condition or results of operations of Parent or Merger Sub. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Power and Authority</U>. Each of Parent and Merger Sub has all requisite power and authority to execute and
deliver this Agreement and each of the Ancillary Agreements to which either of them is a party and to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by
each of Parent and Merger Sub of this Agreement and each of the Ancillary Agreements to which either of them 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 Parent </P>
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and Merger Sub, and no other or further action or proceeding on the part of Parent or Merger Sub or their respective equity holders is necessary to authorize the execution and delivery by each of
Parent and Merger Sub of this Agreement or any of the Ancillary Agreements to which either of them is a party and the consummation by each of Parent and Merger Sub of the transactions contemplated hereby and thereby. This Agreement has been, and
each Ancillary Agreement to which either of them is a party will be, duly and validly executed and delivered by each of Parent and Merger Sub and, assuming the due and valid authorization, execution and delivery of this Agreement by the Company and
of each such Ancillary Agreement by each other party thereto, constitutes, or will constitute, a valid and binding obligation of each of Parent and Merger Sub, enforceable against each of them in accordance with its terms and conditions, subject to
General Principles of Law, Equity and Public Policy. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Consents and Approvals; No Violation</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Except: (i)&nbsp;for the filing of the Certificate of Merger with the California Secretary of State; and
(ii)&nbsp;for any filings required to be made pursuant to the HSR Act and any other Antitrust Laws (all of the foregoing, the &#147;<U>Parent Required Governmental Approvals</U>&#148;), none of Parent or Merger Sub is required to give any material
notice to, make any material filing with, or obtain any material authorization, consent, or approval of any Governmental Authority in connection with the execution, delivery and performance by Parent or Merger Sub of this Agreement or any of the
Ancillary Agreements to which either of them is a party or the consummation of the transactions contemplated hereby and thereby. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Assuming the Parent Required Governmental Approvals are given, made or obtained, as the case may be, the execution,
delivery and performance by Parent and Merger Sub of this Agreement and the Ancillary Agreements to which either of them is a party, and the consummation of the transactions contemplated hereby and thereby, does not: (i)&nbsp;violate or conflict
with any provision of the articles of incorporation, certificate of incorporation, articles of formation, certificate of formation, bylaws, operating agreement, limited liability company agreement or other governing documents of Parent or Merger
Sub; (ii)&nbsp;violate any Law or Order to which Parent or Merger Sub is subject; or (iii)&nbsp;require the consent of, notice to or other action by any Person under, materially conflict with, result in a material violation or breach of, or any loss
of any material benefit under, constitute a material default under, result in the acceleration or termination of, or create in any party the right to accelerate, terminate, modify or cancel, or result in the creation of a Lien upon, any Contract to
which Parent or Merger Sub is a party. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Brokers</U><U>&#146;</U><U> Fees</U>. Except for Lazard
Fr&egrave;res&nbsp;&amp; Co. LLC, none of Parent or Merger Sub has any Liability to pay any fees or commissions to any broker, finder, investment banker or agent with respect to the transactions contemplated by this Agreement based upon any
arrangement or agreement made by or on behalf of Parent or Merger Sub. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.5&nbsp;&nbsp;&nbsp;&nbsp;<U>Litigation</U>. There is no Action,
hearing or investigation pending or, to Parent&#146;s knowledge, currently threatened against Parent or Merger Sub or any of their respective properties or assets that challenges, or will have the effect of preventing, delaying, making illegal, or
otherwise interfering with, the execution of this Agreement or the consummation of the transactions contemplated hereby. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.6&nbsp;&nbsp;&nbsp;&nbsp;<U>Solvency</U>. As of the Effective Time and immediately after giving
effect to the transactions contemplated by this Agreement, including the payment of the Final Merger Consideration and payment of all related fees and expenses of Parent, Merger Sub, the Company and their respective Subsidiaries in connection
therewith: (a)&nbsp;the amount of the &#147;fair saleable value&#148; of the assets of the Surviving Entity and its Subsidiaries will exceed the value of all liabilities of the Surviving Entity and its Subsidiaries; (b)&nbsp;none of the Surviving
Entity or any of its Subsidiaries will have an unreasonably small amount of capital for the operation of the businesses in which it is engaged or proposed to be engaged; and (c)&nbsp;each of the Surviving Entity and its Subsidiaries will be able to
pay its liabilities, including contingent and other liabilities, as they mature. For purposes of the foregoing, &#147;not have an unreasonably small amount of capital for the operation of the businesses in which it is engaged or proposed to be
engaged&#148; and &#147;able to pay its liabilities, including contingent and other liabilities, as they mature&#148; means that such Person will be able to generate enough cash from operations, asset dispositions or refinancing, or a combination
thereof, to meet its obligations as they become due. No transfer of property is being made by Parent or Merger Sub and no obligation is being incurred by Parent or Merger Sub in connection with the transactions contemplated by this Agreement with
the intent to hinder, delay or defraud either present or future creditors of Parent, the Surviving Entity or any of its Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.7&nbsp;&nbsp;&nbsp;&nbsp;<U>Parent</U><U>&#146;</U><U>s Due Diligence; Limitations on Representations and Warranties</U>. Each of Parent and
Merger Sub hereby acknowledges and agrees that, except for the representations and warranties of the Company expressly set forth in Article&nbsp;3 (including the Disclosure Schedules), it is relying on its own investigation and analysis in entering
into this Agreement and consummating the transactions contemplated hereby. Each of Parent and Merger Sub is an informed and sophisticated participant in the transactions contemplated by this Agreement and has undertaken such investigation, and has
been provided with and has evaluated such information, as it has deemed necessary in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby. Each of Parent and Merger
Sub acknowledges and agrees that, except for the representations and warranties of the Company expressly set forth in Article&nbsp;3 (including the Disclosure Schedules), none of the Company, its Subsidiary, any of their respective managers,
directors, officers, employees, members, stockholders, Affiliates agents or representatives, or any other Person, has made or shall be deemed to have made any representation or warranty to Parent or Merger Sub, express or implied, at law or in
equity, with respect to the Company or its Subsidiary or the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby. Each of Parent and Merger Sub hereby disclaims any reliance upon any such
representations and warranties. Nothing in this Section&nbsp;4.7 shall impact any rights of any Party to this Agreement in respect of Fraud. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;5 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT
STYLE="white-space:nowrap">PRE-CLOSING</FONT> COVENANTS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Conduct of the Business</U>. During the period
from the date of this Agreement to the earlier of the Closing and the date this Agreement is terminated in accordance with Section&nbsp;11.1 (the &#147;<U>Interim Period</U>&#148;), the Company shall, and shall cause its Subsidiaries to, conduct the
Business only in the Ordinary Course, except as: (i)&nbsp;is specifically contemplated by or permitted </P>
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under this Agreement or required by Law; (ii)&nbsp;is approved by the written consent of Parent (which consent shall not be unreasonably conditioned, withheld or delayed); or (iii)&nbsp;set forth
on Schedule 5.1. Without limiting the foregoing and subject to the foregoing exceptions, during the Interim Period, the Company shall not, and shall cause its Subsidiaries not to: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;other than in the Ordinary Course, sell, lease, license, mortgage, pledge, transfer or otherwise dispose of or
encumber any tangible assets that are material, individually or in the aggregate, to the Business; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;(i)
terminate the employment of any employee other than for cause, (ii)&nbsp;increase the compensation level of, or pay any bonus, remuneration or other benefit or amount to, any current or former employee, officer, director or consultant, except as
required by any existing Contract or Employee Benefit Plan and, with respect to <FONT STYLE="white-space:nowrap">non-management</FONT> personnel, except for normal changes or increases in the Ordinary Course, or (iii)&nbsp;grant, accelerate or
increase any rights to severance, termination pay or change in control payments (or enter into any agreement to grant, accelerate or increase any rights to severance or termination pay or change in control payments or amend any existing arrangement
providing for severance or termination pay or change in control payments with) any current or former employee, officer, director or consultant; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;grant any exclusive license or covenant not to sue with respect to any Intellectual Property, and other than in the
Ordinary Course, otherwise transfer or license from or to any Person any rights to any Intellectual Property; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;dispose of, abandon or permit to lapse any rights in, to or for the use of any Owned Intellectual Property, or
explicitly permit to enter into the public domain any material trade secrets included in the Owned Intellectual Property; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;enter into any new capital spending commitments in excess of $50,000, individually or in the aggregate; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;terminate or cancel any Insurance Policy, unless simultaneously with such termination or cancellation, a
replacement policy providing coverage at least equal to the coverage under the terminated or canceled insurance policy for a substantially similar premium is in full force and effect; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;enter into, terminate, or amend, or agree to enter into, terminate, or amend, any Material Contract, other than in
the Ordinary Course; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;except as required (i)&nbsp;to comply with applicable Law, (ii)&nbsp;to maintain
qualification under Section&nbsp;401(a) of the Code, or (iii)&nbsp;under the provisions of any existing Employee Benefit Plan, adopt, amend, modify, terminate, or make any contributions to any Employee Benefit Plan or any collective bargaining
agreement in respect of any current or former employee, officer, director or consultant; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;amend the Articles,
the Operating Agreement or any other governing document; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j)&nbsp;&nbsp;&nbsp;&nbsp;incur any Indebtedness or guarantee any Indebtedness, except for
borrowings incurred in the Ordinary Course and that are the subject of a Payoff Letter; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k)&nbsp;&nbsp;&nbsp;&nbsp;declare, set aside or
make or incur any obligation to pay any dividend or distribution on its Equity Interests or make or incur any obligation to repurchase or redeem any Company Units or any Equity Interests of any Subsidiary of the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(l)&nbsp;&nbsp;&nbsp;&nbsp;issue, sell, grant, pledge or otherwise dispose of or encumber any Equity Interests; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(m)&nbsp;&nbsp;&nbsp;&nbsp;enter into any new line of business or abandon or discontinue any existing line of business; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(n)&nbsp;&nbsp;&nbsp;&nbsp;acquire, or agree to acquire, including by merging or consolidating with, by purchasing a substantial portion of
the assets of, or by any other manner, any business or any corporation, limited liability company, partnership, joint venture, association or other business entity or division thereof; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(o)&nbsp;&nbsp;&nbsp;&nbsp;make any change in any method of accounting or accounting practice (other than as required by GAAP); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(p)&nbsp;&nbsp;&nbsp;&nbsp;make or change any material Tax election; settle or compromise any claim, notice, audit report or assessment in
respect of material Taxes; change any annual Tax accounting period; adopt or change any method of Tax accounting; file any material Tax Return; enter into any tax allocation agreement, tax sharing agreement, tax indemnity agreement or closing
agreement relating to any material Tax; surrender any right to claim a material Tax refund; or consent to any extension or waiver of the statute of limitations period applicable to any material Tax claim or assessment (in each case, other than any
agreements solely among the Company and/or its Subsidiaries and Tax provisions in loan agreements, leases, license agreements and other commercial agreements entered into in the Ordinary Course and the principal purpose of which does not relate to
Taxes, which Tax provisions are in form and substance substantially similar to those in other similar agreements of the Company that have been provided to Parent); or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(q)&nbsp;&nbsp;&nbsp;&nbsp;agree or commit to take any of the actions specified in this Section&nbsp;5.1, except as contemplated by this
Agreement and/or the Ancillary Agreements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything in this Agreement to the contrary, prior to the Effective Time,
Parent may not interfere with or control, or attempt to interfere with or control, the Company&#146;s conduct of its business in the Ordinary Course. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Appropriate Actions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>. Each of the Parties shall use commercially reasonable efforts to take all actions necessary to
consummate the transactions contemplated by this Agreement as soon as reasonably practicable after the execution of this Agreement, including taking all actions necessary to comply promptly with all applicable Laws that may be imposed on it or any
of its Affiliates with respect to the Closing. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Third Parties and Governmental Authorities Notice and Consent</U>.
Each of the Parties shall use commercially reasonable efforts to obtain, as soon as reasonably practicable after the execution of this Agreement, any and all consents, approvals and authorizations of Governmental Authorities or other Persons
required in order to consummate the transactions contemplated by this Agreement, and each Party shall cooperate with the other Parties to this Agreement in obtaining all such consents, approvals and authorizations; <I>provided</I>, <I>however</I>,
that except as otherwise provided in the second sentence of Section&nbsp;5.5(b), neither Parent nor the Company shall be required to expend any funds to obtain any consents, approvals or authorizations of Governmental Authorities or other Persons.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice of Adverse Developments</U>. During the Interim Period, Parent and Merger Sub, on one hand, and the
Company, on the other hand, shall give prompt written notice to the other of the discovery by such Party of any fact, event or action the occurrence of which would make satisfaction of any of the conditions set forth in Article&nbsp;7 impossible or
unlikely. Subject to Section&nbsp;5.7 (Schedule Supplements), no notice given pursuant to this Section&nbsp;5.2(c) shall have any curative effect on the representations, warranties, covenants or agreements contained in this Agreement, including for
purposes of indemnification or termination rights or for determining satisfaction of any condition contained herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<U>Further Assurances</U>. If any further action is necessary or desirable to carry out the purposes of this
Agreement, each Party, upon request of the other Party and from time to time, will take such further action (including the execution and delivery of such further instruments and documents) as the other Party may reasonably request and deem necessary
or desirable to consummate the transactions contemplated by this Agreement, all at the sole cost and expense of the requesting Party (unless the requesting Party is entitled to indemnification therefor pursuant to Article&nbsp;9). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidentiality</U>. The Parties acknowledge that the terms and conditions of this Agreement and each of the
Ancillary Agreements (including all drafts thereof) and the information being exchanged in connection with the transactions described herein are subject to the terms and conditions of the Confidentiality Agreement, the terms of which are
incorporated herein by reference. If this Agreement is, for any reason, terminated prior to the Closing, the Confidentiality Agreement and the provisions of this Section&nbsp;5.3 shall nonetheless continue in full force and effect. At or prior to,
and effective upon, the Closing, Parent and the Company shall cause the Confidentiality Agreement to be terminated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Due Diligence Access</U>. During the Interim Period, upon reasonable advance notice from Parent and at the sole
cost and expense of Parent, the Company shall, and shall cause its Subsidiaries to, afford Parent and its authorized representatives reasonable access, during regular business hours, to the executive personnel, offices, properties, Contracts, books
and records of the Company and its Subsidiaries and shall furnish Parent all financial, operating and other data and information as Parent may reasonably request in order for Parent to have the opportunity to make such investigation as it shall
reasonably desire to make of the affairs of the Company and its Subsidiaries; <I>provided</I>, <I>however</I>, that such access shall not unreasonably interfere with the conduct of the business of the Company or any of its Subsidiaries. Parent
acknowledges and agrees that all information it obtains as a result of access under this Section&nbsp;5.4 shall be subject to the Confidentiality Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.5&nbsp;&nbsp;&nbsp;&nbsp;<U>Regulatory Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;In furtherance and not in limitation of the terms of Section&nbsp;5.2(b), each of the Parties shall promptly execute
and file, or join in the execution and filing of, any application, notification, or other document that may be necessary in order to obtain the authorization, approval, or consent of any Governmental Authority that may be reasonably required in
connection with the consummation of the transactions contemplated by this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Each of the Parties shall
use its commercially reasonable efforts to obtain (and, in the case of the Company, cause its Subsidiaries to obtain) all such authorizations, approvals, and consents as promptly as possible after the execution of this Agreement, including the
expiration or termination of the waiting period under the HSR Act with respect to the transactions contemplated by this Agreement. Without prejudice to the foregoing, to the extent not completed prior to the date hereof, the Parties shall make, or
cause to be made, all filings required of each of them or any of their respective Affiliates under the HSR Act or other Antitrust Laws with respect to the transactions contemplated by this Agreement within five (5)&nbsp;Business Days after the date
of this Agreement, and Parent shall pay all filing fees, application fees or other fees of the applicable Governmental Authority associated with the HSR Act filing and any filings under other Antitrust Laws. Each of the Parties shall (i)&nbsp;seek
early termination of any applicable waiting period under the HSR Act, and (ii)&nbsp;furnish promptly to the Federal Trade Commission (the &#147;<U>FTC</U>&#148;), the Antitrust Division of the United States Department of Justice (the
&#147;<U>Antitrust Division</U>&#148;) and any other requesting Governmental Authority any additional information reasonably requested pursuant to the HSR Act or other Antitrust Laws in connection with such filings. The Parties will notify each
other promptly of any oral communication with, and provide copies of written communications with, any Governmental Authority in connection with any filings made pursuant to this Section&nbsp;5.5(b). Each of the Parties shall cooperate reasonably
with the other Parties in connection with any such filing (including, to the extent permitted by applicable Law, providing copies of all such documents to the <FONT STYLE="white-space:nowrap">non-filing</FONT> Parties prior to filing and considering
all reasonable additions, deletions or changes suggested in connection therewith) and in connection with resolving any investigation or other inquiry of the FTC, the Antitrust Division or any other Governmental Authority under any Antitrust Laws
with respect to any such filing. No Party hereto shall independently participate in any formal meeting with any Governmental Authority in respect of any such filing, investigation or other inquiry without giving the other Parties prior notice of the
meeting and, to the extent permitted by such Governmental Authority, the opportunity to attend and/or participate. To the extent permitted by applicable Laws, and subject to all applicable privileges (including the attorney-client privilege), each
of the Parties shall consult and cooperate with the other Parties, and consider in good faith the views of each other, in connection with any analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made or
submitted by or on behalf of any Party hereto in connection with proceedings under or relating to the HSR Act or other Antitrust Laws. Each of the Parties may, as it deems advisable and necessary, reasonably designate any competitively sensitive
material provided to the other Parties under this Section&nbsp;5.5(b) as &#147;outside counsel only.&#148; Such materials and the information contained therein shall be given only to the outside legal counsel of the recipient and will not be
disclosed by such outside counsel to employees, officers, managers, or directors of the recipient, unless express written permission is obtained in advance from the source of the materials. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Parent shall not, and shall not permit any of its Affiliates to, enter
into any transaction, or any agreement to effect any transaction (including any merger or acquisition) that would reasonably be expected to make it materially more difficult, or to materially increase the time required, to: (i)&nbsp;obtain the
expiration and termination of the waiting period under the HSR Act applicable to the transactions contemplated by this Agreement; (ii)&nbsp;avoid the entry of, the commencement of litigation seeking the entry of, or to effect the dissolution of, any
injunction, temporary restraining order or other Order that would materially delay or prevent the consummation of the transactions contemplated by this Agreement; or (iii)&nbsp;obtain all authorizations, approvals and consents of Governmental
Authorities necessary for the consummation of the transactions contemplated by this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.6&nbsp;&nbsp;&nbsp;&nbsp;<U>Member
Approval</U>. As soon as reasonably practicable following the execution and delivery of this Agreement, the Company shall, in accordance with the RULLCA, the Articles and the Operating Agreement, use commercially reasonable efforts to seek and
obtain written consents from all Company Members who have not previously executed such written consents, and deliver copies of such written consents to Parent. The Company or the Surviving Entity, as applicable under the Dissenter&#146;s Act, shall
comply with all notice requirements under the Dissenter&#146;s Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.7&nbsp;&nbsp;&nbsp;&nbsp;<U>Schedule Supplements</U>. The Company
may, from time to time prior to the Closing, by notice in accordance with the terms of this Agreement, supplement or amend any Schedule in order to add information relating to or resulting from facts or events occurring subsequent to the execution
of this Agreement (a &#147;<U>Schedule Supplement</U>&#148;). In the event that the Company provides any Schedule Supplement, the matters set forth on such Schedule Supplement shall not be effective to cure and correct any breach of any
representation, warranty or covenant, which would have existed if the Company had not provided such Schedule Supplement, including for purposes of indemnification or termination rights or for determining satisfaction of any condition contained
herein. In the event that, prior to the Closing, the Company provides to Parent a Schedule Supplement pursuant to the terms of this Section&nbsp;5.7 due to facts or events occurring subsequent to the execution of this Agreement that, but for this
Section&nbsp;5.7, would entitle Parent to not consummate the Closing (a &#147;<U>Significant Schedule Supplement</U>&#148;), Parent may terminate this Agreement in accordance with Section&nbsp;11.1 within ten (10)&nbsp;Business Days of receipt of
such Significant Schedule Supplement. If Parent proceeds to consummate the Closing after receiving a Significant Schedule Supplement, Parent shall be deemed to have waived any and all rights, remedies or other recourse to which Parent might
otherwise be entitled in respect of a breach that would be cured by such Significant Schedule Supplement, including any rights or remedies under Article&nbsp;9, and such Significant Schedule Supplement shall be effective to cure and correct for all
other purposes any breach of any representation, warranty or covenant which would have existed if the Company had not provided such Significant Schedule Supplement, and all references to any Schedule hereto which is supplemented or amended by such
Significant Schedule Supplement shall for all purposes after the Closing be deemed to be a reference to such Schedule as so supplemented or amended. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.8&nbsp;&nbsp;&nbsp;&nbsp;<U>Cuater</U><U> Acquisition</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Prior to the Effective Time, the Company shall, and shall cause Cuater to, consummate the transactions contemplated
by the Cuater Asset Purchase Agreement in accordance with the terms thereof. Upon the consummation of the transactions contemplated by the Cuater Asset Purchase Agreement, all references to the &#147;Company&#148; herein shall be deemed to give
effect to such transactions and the Company&#146;s ownership of the assets of Cuater thereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement, including Section&nbsp;5.1, the Company shall not, and
shall cause Cuater not to (i)&nbsp;agree to or effect any amendment or modification to, or any waiver under, or any termination of the Cuater Asset Purchase Agreement, including with regards to (A)&nbsp;expanding the conditions precedent to, or
otherwise taking any actions reasonably expected to delay or hinder, the closing thereunder, (B)&nbsp;imposing any additional liability on, or otherwise expanding the obligations of, the Company thereunder, (C)&nbsp;increasing the amount, or
modifying the form, of consideration to be paid by the Company thereunder or (D)&nbsp;otherwise modifying the Cuater Asset Purchase Agreement in any respect, or (ii)&nbsp;assign any of their respective rights or obligations under the Cuater Asset
Purchase Agreement or any agreement, document or instrument contemplated thereby or executed in connection therewith, in each case without the prior written consent of Parent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.9&nbsp;&nbsp;&nbsp;&nbsp;<U>No Solicitation of Transactions</U>. During the Interim Period, the Company shall not, directly or indirectly,
through any Person acting on its behalf or otherwise, initiate, solicit or encourage (including by way of furnishing information or assistance) or enter into discussions or negotiations of any type, directly or indirectly, or enter into a
confidentiality agreement, letter of intent or other similar agreement with any Person other than Parent with respect to a sale of all or any substantial portion of the Business or its assets, or a merger, consolidation, business combination, sale
of all or any substantial portion of the Equity Interests of the Company, or the liquidation or similar extraordinary transaction with respect to the Company. The Company hereby acknowledges that as of the date hereof it is not engaged in ongoing
discussions or negotiations with any party other than Parent with respect to any of the foregoing. The Company agrees not to release any third party from, or waive any provision of, any confidentiality or standstill agreement to which the Company is
a party. The Company will immediately notify Parent (orally and in writing) if any discussions or negotiations are sought to be initiated, any inquiry or proposal is made, or any information is requested with respect to any of the foregoing, with
such notification including the identity of the third party with whom such discussions or negotiations are sought and the terms of any such inquiry or proposal received in respect of the foregoing. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;6 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CLOSING DELIVERABLES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing Deliverables of the Company</U>. At the Closing, the Company shall deliver, or cause to be delivered, to
Parent or any other Person designated by Parent (unless the delivery is waived in writing by Parent), the following documents, in each case duly executed or otherwise in proper form: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;payoff letters with respect to all Indebtedness of the Company and its Subsidiaries, as set forth on Schedule
6.1(a) (the &#147;<U>Payoff Letters</U>&#148;), executed by the lenders thereof; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;the Escrow Agreement, duly
executed by the Member Representative and the Escrow Agent; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;a copy of the authorizing resolutions of the
Company&#146;s board of managers, certified by the secretary of the Company as having been duly and validly adopted and being in full force and effect, authorizing the execution and delivery of this Agreement and the Ancillary Agreements to which
the Company is a party, and the consummation of the transactions contemplated hereby and thereby; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;a copy of
the Company Member Approval, certified by the secretary of the Company as having been duly and validly adopted and being in full force and effect; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;the <FONT STYLE="white-space:nowrap">Non-Competition</FONT> Agreements, duly executed by each individual listed on
Schedule 6.1(e); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;all authorizations, consents, approvals, or waivers that are listed on Schedule 3.4(a), each
in a form, and executed by an applicable Person, reasonably acceptable to Parent; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;a properly executed
statement prepared in accordance with Treasury Regulations Section&nbsp;1.1445-11T(d)(2) certifying that fifty percent (50%) or more of the value of the gross assets of the Company does not consist of U.S. real property interests, or that ninety
percent (90%) or more of the value of the gross assets of the Company does not consist of U.S. real property interests plus cash or cash equivalents; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;the resignations of each manager of the Company, in form and substance reasonably satisfactory to Parent, duly
executed by such Persons; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;a good standing certificate for the Company certified by the California
Secretary of State, dated as of a date within five (5)&nbsp;Business Days of the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing
Deliverables of Parent and Merger Sub</U>. At the Closing, Parent shall make the payments provided for in Section&nbsp;2.7, and shall deliver, or cause to be delivered, to the Member Representative, or any other Person designated by the Member
Representative (unless </P>
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the delivery is waived in writing by the Member Representative), the following documents, in each case duly executed or otherwise in proper form: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;the Escrow Agreement, duly executed by Parent; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;a copy of the authorizing resolutions of Parent&#146;s board of directors, certified by the secretary of Parent as
having been duly and validly adopted and being in full force and effect, authorizing the execution and delivery of this Agreement and the Ancillary Agreements to which Parent is a party and the consummation of the transactions contemplated hereby
and thereby; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;a copy of the authorizing resolutions of Merger Sub&#146;s board of managers, certified by the
secretary of Merger Sub as having been duly and validly adopted and being in full force and effect, authorizing the execution and delivery of this Agreement and the Ancillary Agreements to which Merger Sub is a party and the consummation of the
transactions contemplated hereby and thereby; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;the <FONT STYLE="white-space:nowrap">Non-Competition</FONT>
Agreements, duly executed by Parent; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;a good standing certificate for Parent certified by the Secretary of
State of the state of Delaware, dated as of a date within five (5)&nbsp;Business Days of the Closing Date. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;7 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONDITIONS TO CLOSING </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions to Obligations of Each Party</U>. The respective obligations of each Party to consummate the
transactions contemplated by this Agreement are subject to the satisfaction or waiver at or prior to the Closing of the following conditions: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>No Order</U>. There shall not be in effect on the Closing Date any Order restraining, enjoining or otherwise
making illegal the consummation of any of the transactions contemplated by this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>HSR Act</U>. The
waiting period (and any extensions thereof) applicable to the transactions contemplated by this Agreement under the HSR Act shall have expired or otherwise been terminated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Additional Conditions to Obligations of Parent and Merger Sub</U>. The obligations of Parent and Merger Sub to
consummate the transactions contemplated by this Agreement shall be subject to the satisfaction or waiver at or prior to the Closing of the following additional conditions: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Company</U><U>&#146;</U><U>s Representations and Warranties</U>. The: (i)&nbsp;representations and warranties of
the Company set forth in this Agreement (other than the Fundamental Representations) shall be true and correct (without giving effect to any materiality, Material Adverse Effect, or similar qualification in the representations and warranties) as of
the date hereof and as of the Closing Date as though then made (except those representations and </P>
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warranties that address matters as of any particular date, which shall be true and correct as of such date), except where the failure of such representations and warranties to be so true and
correct would not, individually or in the aggregate, have a Material Adverse Effect, and (ii)&nbsp;Fundamental Representations of the Company set forth in this Agreement shall be true and correct in all material respects as of the date hereof and as
of the Closing Date (except those representations and warranties that address matters as of any particular date, which shall be true and correct in all respects as of such date). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Performance by the Company</U>. The Company shall have performed and complied in all material respects with all
of its covenants, obligations and agreements required by this Agreement to be performed or complied with by it prior to or as of the Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Bring-Down Certificate</U>. Parent shall have received a certificate dated as of the Closing Date and executed
by an executive officer of the Company certifying that the conditions set forth in Sections 7.2(a) and 7.2(b) have been satisfied. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<U>Material Adverse Effect</U>. There shall have been no Material Adverse Effect on the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;<U>Employees</U>. The employees identified on Schedule 7.2(e) shall have accepted (and not subsequently repudiated
or terminated such acceptance of) offers of employment with the Surviving Entity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing Deliveries</U>.
The items to be delivered by the Company pursuant to Section&nbsp;6.1 shall have been delivered (or tendered subject only to Closing) to Parent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the Closing occurs, all closing conditions set forth in this Section&nbsp;7.2 which have not been fully satisfied as of the Closing shall
be deemed to have been waived by each of Parent and Merger Sub. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Additional Conditions to Obligations of the
Company</U>. The obligations of the Company to consummate the transactions contemplated by this Agreement shall be subject to the satisfaction or waiver at or prior to the Closing of the following additional conditions: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Parent</U><U>&#146;</U><U>s and Merger Sub</U><U>&#146;</U><U>s Representations and Warranties</U>. The:
(i)&nbsp;representations and warranties of Parent and Merger Sub set forth in this Agreement (other than the Fundamental Representations) shall be true and correct (without giving effect to any materiality or similar qualification in the
representations and warranties) as of the date hereof and as of the Closing Date as though then made (except those representations and warranties that address matters as of any particular date, which shall be true and correct as of such date),
except where the failure of such representations and warranties to be so true and correct would not reasonably be expected to: (A)&nbsp;prevent or materially delay the consummation by Parent or Merger Sub of the transactions contemplated by this
Agreement; or (B)&nbsp;have a material adverse effect on the ability of Parent or Merger Sub to perform its obligations under this Agreement and the Ancillary Agreements to which any of them is a party, and (ii)&nbsp;Fundamental Representations of
Parent and Merger Sub set forth in this Agreement shall be true and correct in all material respects as of the date hereof and as of the Closing Date (except those representations and </P>
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warranties that address matters as of any particular date, which shall be true and correct in all respects as of such date). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Performance by Parent and Merger Sub</U>. Each of Parent and Merger Sub shall have performed and complied in all
material respects with all of its covenants, obligations and agreements required by this Agreement to be performed or complied with by it prior to or as of the Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Bring-Down Certificate</U>. The Member Representative shall have received a certificate, dated as of the Closing
Date and executed by an executive officer of Parent, certifying that the conditions set forth in Sections 7.3(a) and 7.3(b) have been satisfied. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing Deliveries</U>. The items to be delivered by Parent and Merger Sub pursuant to Section&nbsp;6.2 shall
have been delivered (or tendered subject only to Closing) to the Member Representative. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the Closing occurs, all closing conditions set
forth in this Section&nbsp;7.3 which have not been fully satisfied as of the Closing shall be deemed to have been waived by the Company. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;8 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GENERAL
COVENANTS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Books and Records; Access</U>. From and after the Effective Time, the Surviving Entity and
its Subsidiaries shall be entitled to possession of all books and records (including documents, agreements, and financial data) relating to the Business and/or the Company and its Subsidiaries. Solely in order to facilitate the resolution of any
claims made against or incurred by (a)&nbsp;the Company prior to the Closing or (b)&nbsp;the Company Members pursuant to this Agreement, for a period of seven (7)&nbsp;years following the Closing, Parent shall, and shall cause each of its
Subsidiaries to, use commercially reasonable efforts to provide the Member Representative and its representatives with reasonable access to and/or copies of such books and records (solely to the extent related to a period prior to the Closing Date)
during normal business hours and upon reasonable advance notice, which notice shall set forth with reasonable specificity the purpose for which the Member Representative requests such access. Unless otherwise consented to in writing by the Member
Representative, Parent shall not, and shall cause the Surviving Entity and its Subsidiaries not to, for a period of seven (7)&nbsp;years following the Closing Date, destroy, alter or otherwise dispose of any of the books and records relating to the
Business, the Company or its Subsidiaries, for any period prior to the Closing Date without first giving reasonable prior written notice to the Member Representative and offering to surrender to the Member Representative such books and records or
any portion thereof which Parent or any of its Subsidiaries may intend to destroy, alter or dispose of. Parent shall not be obligated to provide any Person with access to any books or records pursuant to this Section&nbsp;8.1 where such access would
violate any Law. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Post-Closing Employment</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;During the twelve (12)-month period following the Effective Time, Parent shall take, and shall cause the Surviving
Entity and its Subsidiaries to take, all actions required so </P>
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that all individuals who are employed by the Company or any of its Subsidiaries immediately prior to the Effective Time and who continue their employment with Parent, the Surviving Entity or any
of its Subsidiaries following the Effective Time (the &#147;<U><FONT STYLE="white-space:nowrap">Post-Transaction</FONT> Employees</U>&#148;; <I>provided</I> that the term Post-Transaction Employees shall not include the employees identified on
Schedule 7.2(e)): (i) receive base compensation and target bonus and commission opportunities (which shall not include any special, <FONT STYLE="white-space:nowrap">one-time</FONT> cash incentive opportunities, such as retention bonuses) that are no
less favorable than that provided immediately prior to the Effective Time; (ii)&nbsp;receive employee benefits that are substantially comparable, in the aggregate, to those benefits provided to such employees immediately prior to the Effective Time
(other than long-term equity incentive compensation); and (iii)&nbsp;to the extent that any such employees are terminated other than for &#147;cause&#148; following the Effective Time, receive severance pay and benefits that are no less than the
severance pay and benefits that would have been payable under the severance plan, policy or practice in effect immediately prior to the date of this Agreement had such employee been terminated other than for &#147;cause&#148; immediately prior to
the date of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;From and after the Effective Time, Parent shall cause the Surviving Entity and its
Subsidiaries to honor all employment, severance and consulting agreements to which the Company and/or any of its Subsidiaries is a party with respect to the Post-Transaction Employees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Parent shall, and shall cause the Surviving Entity and its Subsidiaries to, use commercially reasonable efforts to
cause all Post-Transaction Employees to receive service credit for service with the Company and its Subsidiaries prior to the Effective Time for all purposes where length of service is relevant under any employee benefit plans and arrangements in
which such Post-Transaction Employees may be eligible to participate following the Effective Time, except to the extent such recognition would result in a duplication of benefits. To the extent that Parent, the Surviving Entity or any of its
Subsidiaries modifies any coverage or benefit plans under which the Post-Transaction Employees participate, Parent, the Surviving Entity or the applicable Subsidiary of the Surviving Entity shall use commercially reasonable efforts to waive any
applicable waiting periods, <FONT STYLE="white-space:nowrap">pre-existing</FONT> conditions or <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">actively-at-work</FONT></FONT> requirements and shall give such employees credit under
the new coverages or benefit plans or agreements for deductibles, <FONT STYLE="white-space:nowrap">co-insurance</FONT> and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> payments that have been paid
during the year in which such coverage or plan modification occurs. Parent shall be solely responsible for any obligations arising under Section&nbsp;4980B of the Code with respect to all &#147;M&amp;A qualified beneficiaries&#148; (as defined in
Treasury Regulation <FONT STYLE="white-space:nowrap">Section&nbsp;54.4980B-9).</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;For a period of ninety
(90)&nbsp;days following the Effective Time, to the extent applicable, Parent shall comply, and shall cause the Surviving Entity and its Subsidiaries to comply, with the Worker Adjustment and Retraining Notification Act of 1988, as amended (the
&#147;<U>WARN Act</U>&#148;), or any similar state or local Law; <I>provided</I> that Parent expressly assumes all Liabilities and responsibility for any Losses attributable to any failure by Parent or the Surviving Entity at or following the
Closing to comply with the WARN Act or any similar state or local Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;If requested by Parent, the Company
shall take all actions necessary to terminate the Company&#146;s 401(k) plan effective at least one (1)&nbsp;day prior to the Closing Date. In </P>
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connection with such termination, the Company and Parent agree to use commercially reasonable efforts to: (i)&nbsp;amend their respective 401(k) plans to the extent necessary or required by
applicable Law to facilitate the distribution and rollover of the Post-Transaction Employees&#146; 401(k) plan account balances to a 401(k) plan sponsored by Parent or one of its Subsidiaries; and (ii)&nbsp;take any additional action reasonably
required to permit each Post-Transaction Employee who has received an eligible rollover distribution to roll such eligible rollover distribution into a 401(k) plan sponsored by Parent or one of its Subsidiaries as promptly as reasonably practicable
following the Effective Time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;This Section&nbsp;8.2 shall survive the Effective Time and shall be binding on
all successors and assigns of Parent, the Surviving Entity and its Subsidiaries. Nothing in this Section&nbsp;8.2 shall: (i)&nbsp;be construed as an amendment or other modification of any Employee Benefit Plan; (ii)&nbsp;create any right in any
employee or independent contractor of the Company or any of its Subsidiaries to any continued employment or service with the Company, Parent or any of their respective Affiliates; (iii)&nbsp;give any third party any right or remedy of any nature
whatsoever under or by reason of this Section&nbsp;8.2, including any right to enforce the provisions of this Agreement; or (iv)&nbsp;prohibit Parent, the Surviving Entity or any Subsidiary from terminating any Employee Benefit Plan or other
agreement or arrangement in accordance with the terms of such Employee Benefit Plan, agreement or arrangement. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Director and Officer Liability and Indemnification</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;For a period of six (6)&nbsp;years after the Effective Time, the Surviving Entity shall, and Parent shall cause the
Surviving Entity to, indemnify and hold harmless all current and former directors, officers, employees, Affiliates and agents of the Company and its Subsidiaries (the &#147;<U>D&amp;O Indemnified Persons</U>&#148;) against any Losses incurred in
connection with any Action, arising out of or pertaining to matters existing or occurring at or prior to the Effective Time (including acts or omissions occurring in connection with the approval of this Agreement and the transactions contemplated
hereby and the consummation of the transactions contemplated hereby), in each case in their capacities as such whether asserted or claimed prior to, at or after the Effective Time, to the fullest extent that the Company or the applicable Subsidiary
of the Company, as the case may be, would have been permitted, under applicable Law, indemnification agreements existing on the date hereof or the governing documents of the Company and its Subsidiaries in effect on the date hereof, to indemnify
such D&amp;O Indemnified Persons. For a period of six (6)&nbsp;years after the Effective Time, Parent shall not, and shall cause the Surviving Entity or any of its Subsidiaries not to, amend, repeal or modify any provision of any indemnification
agreements existing on the date hereof or any provision in the Surviving Entity&#146;s or any of its Subsidiaries&#146; governing documents relating to the indemnification of the D&amp;O Indemnified Persons, in each case in a manner that would limit
the scope of such indemnification. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;At the Effective Time, Parent shall, or shall cause the Surviving Entity
to, obtain, maintain and fully pay for irrevocable &#147;tail&#148; insurance policies naming the D&amp;O Indemnified Persons as direct beneficiaries with a claims period of at least six (6)&nbsp;years from the Effective Time from an insurance
carrier with an A++ or AAA credit rating with respect to directors&#146; and officers&#146; liability insurance in an amount and scope at least as favorable as the Company&#146;s and its Subsidiaries&#146; existing policies with respect to matters
existing or occurring at </P>
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or prior to the Effective Time; <I>provided</I>, <I>however</I>, that in no event shall Parent or the Surviving Entity be required to expend an annual premium for such coverage in excess of two
hundred fifty percent (250%) of the last annual premium paid by the Company or any of its Subsidiaries for such insurance prior to the date of this Agreement (the &#147;<U>Maximum Premium</U>&#148;). If such insurance coverage cannot be obtained at
an annual premium equal to or less than the Maximum Premium, Parent or the Surviving Entity, as applicable, shall obtain that amount of directors&#146; and officers&#146; insurance (or &#147;tail&#148; coverage) obtainable for an annual premium
equal to the Maximum Premium. Parent shall not, and shall cause the Surviving Entity and its Subsidiaries not to, cancel or change the terms of such insurance policies in any respect if doing so would have an adverse effect upon the D&amp;O
Indemnified Persons. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;If Parent, the Surviving Entity or any of its Subsidiaries or any of their respective
successors or assigns: (i)&nbsp;shall consolidate with or merge into any other Person and shall not be the continuing or Surviving Entity or entity of such consolidation or merger; or (ii)&nbsp;shall transfer all or substantially all of its
properties and assets to any Person, then, and in each such case, proper provisions shall be made so that the successors and assigns of Parent, the Surviving Entity or its Subsidiaries shall assume all of the obligations set forth in this
Section&nbsp;8.3. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;The provisions of this Section&nbsp;8.3 are intended for the benefit of, and will be
enforceable by, each D&amp;O Indemnified Person and his or her heirs and representatives, and are in addition to, and not in substitution for, any other rights to indemnification or contribution that any such Person may have had, under applicable
Law, by Contract or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Public Announcements</U>. No press release or public announcement related to
this Agreement or the transactions contemplated hereby or, prior to the Effective Time, any other announcement or communication to the employees, customers, suppliers, distributors, lessors, lessees, licensors or licensees of the Company or any of
its Subsidiaries, shall be issued or made by any Party hereto without the joint written approval of Parent and the Company (which approval shall not be unreasonably withheld, conditioned or delayed), unless required by: (a)&nbsp;applicable Law;
(b)&nbsp;the rules and regulations of, or pursuant to any agreement of, a stock exchange or trading system; (c)&nbsp;Order of a Governmental Authority; or (d)&nbsp;subpoena, summons or legal process; <I>provided</I>, <I>however</I>, that, in each
such case, Parent and the Company shall have the right to review such press release, announcement or communication prior to issuance, distribution or publication. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.5&nbsp;&nbsp;&nbsp;&nbsp;<U>Further Assurances</U>. At and after the Effective Time, the officers, directors and managers of the Surviving
Entity shall be authorized to execute and deliver, in the name and behalf of the Company or Merger Sub, any deeds, bills of sale, assignments or assurances and to take and do, in the name and on behalf of the Company or Merger Sub, any other actions
and things to vest, perfect or confirm of record or otherwise in the Surviving Entity any and all right, title and interest in, to and under any of the rights, properties or assets of the Company acquired or to be acquired by the Surviving Entity as
a result of, or in connection with, the Merger. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;9 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INDEMNIFICATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival of Representations and Warranties and Covenants</U>. All of the representations and warranties
contained in this Agreement shall survive the Effective Time until the twelve (12)-month anniversary of the Closing Date; <I>provided</I> that the representations and warranties contained in Section&nbsp;3.1 (Organization; Good Standing);
Section&nbsp;3.2 (Capitalization); Section&nbsp;3.3 (Power and Authority); Section&nbsp;3.5 (Brokers&#146; Fees); Section&nbsp;4.1 (Organization; Good Standing) and Section&nbsp;4.2 (Power and Authority) (collectively, the &#147;<U>Fundamental
Representations</U>&#148;) shall survive for the applicable statute of limitations (giving effect to any waiver, mitigation or extension thereof) plus thirty (30)&nbsp;days. All of the covenants of the Parties contained in this Agreement shall
survive the Effective Time indefinitely or for such shorter period contemplated by their terms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification by Company Members</U>. From and after the Effective Time, the Company Members, severally and
not jointly, shall indemnify, hold harmless and defend Parent and its Affiliates (which, following the Closing, shall include the Surviving Entity and its Subsidiaries), employees, officers, directors, managers, members, consultants, financial
advisors, counsel, accountants and other agents (each, a &#147;<U>Parent </U><U>Indemnitee</U>&#148; and, collectively, the &#147;<U>Parent </U><U>Indemnitees</U>&#148;) against and in respect of any and all Losses incurred or suffered by any Parent
Indemnitee that result from or arise out of: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;any breach or inaccuracy of any representation or warranty made
by the Company or any of its Subsidiaries under Article&nbsp;3 of this Agreement, in each case as of the date of this Agreement, the Closing Date, and any specific date set forth in such representation or warranty; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;any breach of any covenant, obligation or agreement on the part of the Company or any of its Subsidiaries under
this Agreement (for the avoidance of doubt, other than (i)&nbsp;any breach by the Surviving Entity of any covenant, obligation or agreement of the Surviving Entity under this Agreement following the Effective Time, and/or (ii)&nbsp;any breach or
inaccuracy of any representation or warranty made by the Company or any of its Subsidiaries under Article&nbsp;3 of this Agreement, which is covered by Section&nbsp;9.2(a)); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;any claim made by any Company Member relating to such Person&#146;s rights with respect to the Net Closing Merger
Consideration or the Final Merger Consideration (or any components thereof), or the calculations and determinations set forth on the Payment Spreadsheet; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;any claim by any holder or former holder of Company Units or other Equity Interests of the Company exercising
dissenters&#146; rights or rights of appraisal in respect of such holder&#146;s Dissenting Units, together with all reasonable costs and expenses (including reasonable attorneys&#146; fees, costs and expenses) incurred by Parent and its Affiliates
in respect of such holder&#146;s exercise; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;any Transaction Expenses not paid at the Closing. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Limitations</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The indemnification provided in Section&nbsp;9.2 and Section&nbsp;9.4 is subject to the following limitations: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;No demand for indemnification under Section&nbsp;9.2 or Section&nbsp;9.4 shall be made after the expiration of the
applicable survival period set forth in Section&nbsp;9.1 for the representation or warranty or covenant to which such demand relates; <I>provided</I>, <I>however</I>, that demands for indemnification made prior to the expiration of such period shall
survive until such claim for indemnification is finally adjudicated and resolved. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;The Company Members shall
not have any obligation to indemnify the Parent Indemnitees in respect of any Losses for which indemnification is claimed under Section&nbsp;9.2(a) (other than for claims in respect of Fraud), and Parent shall not have any obligation to indemnify
the Member Indemnitees in respect of any Losses for which indemnification is claimed under Section&nbsp;9.4(a) (other than for claims in respect of Fraud): (A) if the Losses associated with any individual claim are less than $10,000 (the
&#147;<I><U>De </U></I><I><U>Minimis</U></I><U> Claim Amount</U>&#148;), it being understood that any such individual claim for amounts less than the <I>De </I><I>Minimis</I> Claim Amount shall be included in determining whether the Deductible has
been exceeded and thereafter; and (B)&nbsp;unless and until the aggregate of such Losses exceeds $627,500 (the &#147;<U>Deductible</U>&#148;), at which point the Company Members (subject to the limitations set forth in Section&nbsp;9.3(a)(iii) and
Section&nbsp;9.3(a)(iv)) or Parent, as applicable, will be obligated to indemnify the Parent Indemnitees or Member Indemnitees, as applicable, from and against all such Losses in excess of the Deductible. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;Claims for indemnification under Section&nbsp;9.2(a) shall be subject to the limitations set forth in
Section&nbsp;9.3(a)(ii) with respect to the <I>De </I><I>Minimis</I> Claim Amount and the Deductible (other than claims in respect of Fraud), and, once the Deductible has been met, such claims for indemnification shall be satisfied: (A)&nbsp;first,
from the then-remaining amounts in the Indemnity Escrow Subaccount; (B)&nbsp;second, from the R&amp;W Insurance Policy subject to the retention and policy limits thereof; and (C)&nbsp;thereafter, and solely for claims in respect of any Fundamental
Representation or Fraud, by the Company Members, severally and not jointly; <I>provided</I>,<I> however,</I> that the several liability of each Company Member under this Section&nbsp;9.3(a)(iii) shall be determined based on the amount by which the
portion of the aggregate amount of the Final Merger Consideration payable to each such Company Member in the Merger would have been reduced had the aggregate liability of the Company Members under this Section&nbsp;9.3(a)(iii) been treated as a
reduction to the aggregate amount of the Final Merger Consideration; <I>provided</I>, <I>further</I>, that the Company Members shall not have any obligation to indemnify the Parent Indemnitees in respect of any Losses for which indemnification is
claimed under Section&nbsp;9.2(a) with respect to Fundamental Representations unless and until the aggregate amount of Losses for which indemnification is incurred or suffered by any Parent Indemnitees under Section&nbsp;9.2(a) exceeds $21,255,000.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement: (A)&nbsp;the maximum amount that the Parent
Indemnitees may recover from any Company Member pursuant to Section&nbsp;9.2(a) (other than for claims in respect of any Fundamental Representation or Fraud) shall be limited to such Company Member&#146;s Pro Rata Share of the Indemnity Escrow
</P>
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Amount; and (B)&nbsp;the maximum amount that the Parent Indemnitees may recover from any Company Member under this Article&nbsp;9 (including, without limitation, Section&nbsp;9.2(a) (for claims
in respect of any Fundamental Representation or Fraud)) shall be limited to the aggregate amount of the Final Merger Consideration received by such Company Member; <I>provided</I>, <I>however</I>, that to the extent there are any Unfunded Indemnity
Obligations, such maximum amount with respect to a Company Member shall be increased to include such Company Member&#146;s pro rata share of the aggregate amount of any Unfunded Indemnity Obligations (which pro rata share shall be determined without
taking into account the Company Units held by the Company Members who have not executed a Support Agreement and/or Letter of Transmittal); <I>provided</I>, <I>further</I>, that neither this limitation nor any limitation set forth in this
Article&nbsp;9 shall restrict Parent&#146;s rights under the R&amp;W Insurance Policy. The aggregate amount of all Losses for which Parent shall be liable under this Article&nbsp;9 shall not exceed the Final Merger Consideration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v)&nbsp;&nbsp;&nbsp;&nbsp;No Company Member shall be liable under this Article&nbsp;9: (A) for any Losses relating to any matter to the
extent that there is included in the Financial Statements a specific liability or reserve relating to such matter, or (B)&nbsp;for any duplication of amounts taken into account in the determination of the Estimated Merger Consideration or the Final
Merger Consideration, each in accordance with Section&nbsp;2.8. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vi)&nbsp;&nbsp;&nbsp;&nbsp;The amount of Losses that any Parent
Indemnitee shall be entitled to recover shall be calculated net of any Tax benefits actually realized by the Parent Indemnitee on account of such Losses in the year of such Loss or in any of the preceding two (2)&nbsp;years or subsequent three
(3)&nbsp;years of such Loss, and the Parent Indemnitees shall use commercially reasonable efforts to actually realize all available Tax benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(vii)&nbsp;&nbsp;&nbsp;&nbsp;The amount of Losses that any Parent Indemnitee shall be entitled to recover shall be calculated net of any
insurance proceeds (including, for the avoidance of doubt, any proceeds under the R&amp;W Insurance Policy) or any indemnity, contribution or other similar payment actually recovered by the Parent Indemnitee from any third party with respect to such
Losses. The Parent Indemnitees shall use commercially reasonable efforts to seek recovery under all valid and collectible insurance policies (including the R&amp;W Insurance Policy) covering any Loss. Any amounts incurred by any Parent Indemnitee
(including without limitation legal fees and other professionals&#146; fees and other costs) in connection with the pursuit of any recovery of insurance proceeds, indemnity, contribution or other similar payment described above shall be considered
Loss recoverable hereunder. In the event that any insurance or other recovery is made by any Parent Indemnitee with respect to any Loss for which such Parent Indemnitee has been indemnified hereunder, then a refund equal to the aggregate amount of
the insurance or other recovery (net of any amounts described in the preceding sentence) shall be made promptly by such Parent Indemnitee to the Member Representative (on behalf of the Company Members in accordance with their respective Pro Rata
Shares). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(viii)&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Article&nbsp;9, any inaccuracy in or breach of any representation or
warranty shall be determined without regard to any materiality, Material Adverse Effect or other similar qualification contained in or otherwise applicable to such representation or warranty for all purposes, including for purposes of determining
the scope or amount of any Losses, and for purposes of determining the existence of any breach or inaccuracy of such representation or warranty. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Any indemnity payment made under this Agreement shall be treated by
the Parties for all Tax purposes as an adjustment to the Final Merger Consideration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification by
Parent</U>. From and after the Effective Time, Parent shall indemnify, hold harmless and defend the Company Members and their respective Affiliates, officers, directors, managers, members, consultants, financial advisors, counsel, accountants and
other agents (each, a &#147;<U>Member </U><U>Indemnitee</U>&#148; and, collectively, the &#147;<U>Member </U><U>Indemnitees</U>&#148;) against and in respect of any and all Losses incurred or suffered by any of such Member Indemnitees that result
from or arise out of: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;any breach or inaccuracy of any representation or warranty made by Parent or Merger Sub
under Article&nbsp;4 of this Agreement, in each case as of the date of this Agreement, the Closing Date, and any specific date set forth in such representation or warranty; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;any breach of covenant, obligation or agreement on the part of Parent or Merger Sub under this Agreement. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.5&nbsp;&nbsp;&nbsp;&nbsp;<U>Procedures Relating to Indemnification</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Direct Claims</U>. If any Parent Indemnitee or any Member Indemnitee (hereinafter an &#147;<U>Indemnified
Party</U>&#148;) shall claim to have suffered a Loss (other than with respect to any <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim) for which indemnification is available under Section&nbsp;9.2 or 9.4, as the case may be (for purposes of
this Section&nbsp;9.5, regardless of whether such Indemnified Party is entitled to receive a payment in respect of such claim by virtue of the provisions of Section&nbsp;9.3 hereof), the Indemnified Party shall notify the party required to provide
indemnification (hereinafter an &#147;<U>Indemnifying Party</U>&#148;) in writing of such claim. Such written notice shall describe the facts and circumstances giving rise to such Loss, the basis upon which indemnity is being sought, the amount or
estimated amount of the Loss, if known or reasonably ascertainable at the time such claim is made (it being understood that this estimate shall not operate to limit the rights of the Indemnified Party hereunder), and the method of computation of
such Loss, all with reasonable particularity and containing a reference to the provisions of this Agreement in respect of which such Loss shall have occurred. Any dispute regarding the Indemnified Party&#146;s entitlement to indemnification in
connection with such claim shall be resolved by any legally available means consistent with the provisions of Section&nbsp;12.8 herein or as otherwise agreed in writing between the Parties. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Third</U><U><FONT STYLE="white-space:nowrap">-Party</FONT> Claims</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;Any Indemnified Party seeking indemnification pursuant to this Article&nbsp;9 in respect of any claim, demand or
other Action asserted by any Person who is not a Party or an Affiliate thereof (a &#147;<U>Third</U><U><FONT STYLE="white-space:nowrap">-Party</FONT> Claim</U>&#148;) shall give the Indemnifying Party from whom indemnification with respect to such <FONT
STYLE="white-space:nowrap">Third-Party</FONT> Claim is sought prompt written notice of such <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim; <I>provided</I>, <I>however</I>, that no delay on the part of the Indemnified Party in notifying
the Indemnifying Party shall relieve the Indemnifying Party from any obligation hereunder unless (and then solely to the extent that) the Indemnifying Party is actually and materially prejudiced thereby. Such written notice shall describe the facts
and circumstances </P>
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giving rise to such <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim, the basis upon which indemnity is being sought, the amount or estimated amount of the Losses relating to such <FONT
STYLE="white-space:nowrap">Third-Party</FONT> Claim, if known or reasonably ascertainable at the time such claim is made (it being understood that this estimate shall not operate to limit the rights of the Indemnified Party hereunder), and the
method of computation of such Losses, all with reasonable particularity and containing a reference to the provisions of this Agreement in respect of which the Indemnified Party is entitled to indemnification hereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;The Indemnifying Party shall have the right to control the defense of the
<FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim with counsel of its choice reasonably satisfactory to the Indemnified Party only if the Indemnifying Party notifies the Indemnified Party in writing within thirty (30)&nbsp;days after receipt
of notice of the <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim from the Indemnified Party that the Indemnifying Party is assuming the defense against such <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim; <I>provided</I> that
the Indemnifying Party shall not be entitled to assume the defense of any Third-Party Claim (1)&nbsp;for equitable or injunctive relief or (2)&nbsp;that alleges Losses in excess of the Indemnifying Party&#146;s maximum indemnification obligations
under this Agreement and the Indemnified Party believes in good faith that such allegation could reasonably be expected to lead to Losses in excess of the Indemnifying Party&#146;s maximum indemnification obligation. In the event that the
Indemnifying Party does deliver notice as prescribed in this Section&nbsp;9.5(b)(ii) and thereby properly elects to conduct the defense of the subject <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim: (A)&nbsp;the Indemnified Party will
cooperate with and make available to the Indemnifying Party such assistance and materials as the Indemnifying Party may reasonably request; and (B)&nbsp;the Indemnifying Party shall not be obligated to post a bond or provide other security required
in connection with such <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim. In the event the Indemnifying Party fails to give notice of its election to conduct the defense of a <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim within
the time and as prescribed in this Section&nbsp;9.5(b)(ii) or otherwise elects not to assume the defense of the <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim pursuant to this Section&nbsp;9.5(b)(ii), then the Indemnified Party shall have
the right to control such defense. The party controlling the defense of any <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim shall deliver, or cause to be delivered, to the other parties copies of all correspondence, pleadings, motions,
briefs, appeals or other written statements relating to or submitted in connection with the defense of the <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim, and timely notices of, and the right to participate in (as an observer), any
hearing or other court proceeding relating to the <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;So long as the Indemnifying Party provides proper notice under Section&nbsp;9.5(b)(ii): (A) the Indemnifying
Party may conduct the defense of the <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim in accordance with Section&nbsp;9.5(b)(ii); (B) the Indemnified Party may retain separate <FONT STYLE="white-space:nowrap">co-counsel</FONT> at its sole
cost and expense (which, for the avoidance of doubt, shall include all legal fees and similar expenses incurred in the defense of such <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim) and participate in the defense of the <FONT
STYLE="white-space:nowrap">Third-Party</FONT> Claim; <I>provided</I>, <I>however</I>, that the Indemnified Party will be entitled to participate in any such defense with separate counsel of its own choosing at the expense of the Indemnifying Party
if: (x)&nbsp;so requested by the Indemnifying Party to participate or (y)&nbsp;in the reasonable judgment of the Indemnified Party, a conflict exists between the Indemnified Party and the Indemnifying Party that would make such separate
representation advisable; <I>provided</I>, <I>further</I>, that the Indemnifying Party shall not be required to pay for more than one (1)&nbsp;such counsel for all Indemnified Parties in connection with any
<FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim (and any local counsel); and (C)&nbsp;the Indemnifying Party will not, without the prior written consent of the Indemnified Party (which consent shall not be unreasonably withheld,
conditioned or delayed), </P>
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consent to the entry of any judgment or enter into any settlement with respect to the <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, if a settlement offer solely for money damages is made by the claimant in the
applicable <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim and such settlement offer provides for the unconditional release of each Indemnified Party from all liabilities and obligations in connection with such Third-Party Claim, and the
Indemnifying Party notifies the Indemnified Party in writing of the Indemnifying Party&#146;s willingness to accept the settlement offer and, subject to the applicable limitations of this Article&nbsp;9, pay the amount called for by such offer, and
the Indemnified Party declines to accept such offer, the Indemnified Party may continue to contest such <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim, free of any participation by the Indemnifying Party, and the amount of any ultimate
liability with respect to such <FONT STYLE="white-space:nowrap">Third-Party</FONT> Claim that the Indemnifying Party has an obligation to pay hereunder shall be limited to the amount of the settlement offer that the Indemnified Party declined to
accept. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(v)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the other provisions of this Section&nbsp;9.5, the provisions of Section&nbsp;10.4
shall control with respect to any indemnity relating to Taxes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.6&nbsp;&nbsp;&nbsp;&nbsp;<U>Mitigation</U>. Following the Closing, each
Indemnified Party shall take commercially reasonable actions to mitigate all Losses incurred or reasonably expected to be incurred by it or any Indemnified Party that it controls (including costs and expenses to remedy the circumstances giving rise,
or reasonably expected to give rise, to such Losses) upon becoming aware of any fact, event or circumstance that has resulted in, or would reasonably be expected to give rise to, any such Loss. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.7&nbsp;&nbsp;&nbsp;&nbsp;<U>Nature of Representations and Warranties</U>. The sole purpose of the representations and warranties set forth
in this Agreement is to allocate financial responsibility pursuant to the express provisions of this Agreement should the representations and warranties prove to have been inaccurate, and no other contractual rights, remedies or causes of action
(whether in law or in equity) are permitted to any Party hereto as a result of the untruth of any such representation and warranty, other than in the case of Fraud. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.8&nbsp;&nbsp;&nbsp;&nbsp;<U>Escrow Release</U>. Within three (3)&nbsp;Business Days following the twelve (12)&nbsp;month anniversary of the
Closing Date, Parent and the Member Representative shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release to each Company Member an amount equal to such Company Member&#146;s Pro Rata Share of:
(a)&nbsp;the balance of the funds in the Escrow Account (including any interest accrued or income otherwise earned on the Escrow Amount) <I><U>minus</U></I> (b)&nbsp;the aggregate amount, if any, with respect to which a Parent Indemnitee has
reasonably and in good faith made a claim pursuant to the procedures set forth in this Article&nbsp;9 on or prior to the twelve (12)&nbsp;month anniversary of the Closing Date and for which the obligation to indemnify, if any, has not been satisfied
(any such claim, an &#147;<U>Unresolved Claim</U>&#148;). Following the twelve (12)&nbsp;month anniversary of the Closing Date, once an Unresolved Claim is finally resolved, then within five (5)&nbsp;Business Days after the final resolution of such
Unresolved Claim and the delivery to the applicable Parent Indemnitee of the amount to be delivered to such Parent Indemnitee with respect to such Unresolved Claim from the funds remaining in the Escrow Account (including any interest accrued or
income otherwise earned on the Escrow Amount), if any, Parent and the Member Representative shall deliver joint written </P>
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instructions to the Escrow Agent instructing the Escrow Agent to release to each Company Member an amount equal to such Company Member&#146;s Pro Rata Share of an amount equal to: (i)&nbsp;the
aggregate amount of all funds then remaining in the Escrow Account (including any interest accrued or income otherwise earned on the Escrow Amount) <I><U>minus</U></I> (ii)&nbsp;the amount delivered to such Parent Indemnitee upon the resolution of
such Unresolved Claim <I><U>minus</U></I> (iii)&nbsp;the aggregate amount, if any, associated with all remaining Unresolved Claims. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.9&nbsp;&nbsp;&nbsp;&nbsp;<U>Exclusive Remedy</U>. Following the Closing, except with respect to claims arising from Fraud and except for
equitable relief to which any Party hereto may be entitled pursuant to this Agreement, the sole and exclusive remedy for any and all claims arising under, out of, or related to this Agreement or the Merger shall be the rights of indemnification set
forth in this Article&nbsp;9, and no Person will have any other entitlement, remedy or recourse, whether in contract, tort or otherwise, it being agreed that all of such other remedies, entitlements and recourse are expressly waived and released by
the Parties to the fullest extent permitted by Law. Nothing in this Section&nbsp;9.9 shall limit any Person&#146;s right to seek and obtain any equitable relief to which any Person shall be entitled or to seek any remedy on account of any
Party&#146;s Fraud. The provisions of this Article&nbsp;9 shall not operate to limit the rights of any insured to recover under the R&amp;W Insurance Policy. The terms set forth in Section&nbsp;9.5 shall be subject to the obligations of any insured
under the R&amp;W Insurance Policy. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;10 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TAX MATTERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Cooperation on Tax Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The Parties shall cooperate fully, as and to the extent reasonably requested by any other Party, in connection with
the filing of Tax Returns and any audit, litigation or other Action with respect to Taxes. Such cooperation shall include the retention and (upon the other Party&#146;s request) the provision of records and information that are reasonably relevant
to any such filing of Tax Returns, audit, litigation or other Action and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. The Parties agree: (i)&nbsp;to
retain all books and records with respect to Tax matters pertinent to the Company and its Subsidiaries relating to any Tax period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by
any Party, any extensions thereof) of the respective Tax periods, and to abide by all record retention agreements entered into with any taxing authority, and (ii)&nbsp;to give the other Parties reasonable written notice prior to transferring,
destroying or discarding any such books and records and, if any other Party so requests, each Party shall allow the other Parties to take possession of such books and records. At the request of the Member Representative, Parent will cause the
Surviving Entity and any of its Subsidiaries to make, or join with the Company Members in making, any election if the making of such election does not have a material adverse effect on Parent, the Surviving Entity or any of its Subsidiaries, as
determined in the sole discretion of Parent exercised in good faith. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Except as provided in
Section&nbsp;10.1(c), and solely to the extent any such actions would reasonably be expected to create or increase any Company Member&#146;s indemnity </P>
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obligations or other direct or indirect Tax liabilities or obligations, after the Effective Time, none of Parent, the Surviving Entity or its Subsidiaries shall: (i)&nbsp;file, or permit to be
filed, or amend or otherwise modify, or permit to be amended or otherwise modified, any Tax Return for any period beginning prior to the Closing Date; (ii)&nbsp;discuss, correspond, negotiate, make or initiate any voluntary contact with any
Governmental Authority or representative thereof with respect to, or settle with any Governmental Authority or representative thereof, any Tax liability of the Company, the Surviving Entity or any of its Subsidiaries with respect to any period
beginning prior to the Closing Date or that may affect the Tax liability of the Company Members for any period; (iii)&nbsp;extend or waive, or cause to be extended or waived, any statute of limitations or other period for the assessment of any Tax
or deficiency related to any period beginning prior to the Closing Date; or (iv)&nbsp;make any Tax election that has retroactive effect to any period or portion of any period beginning prior to the Closing Date, in each case without the prior
written approval of the Member Representative, which shall not be unreasonably withheld, conditioned or delayed. Notwithstanding anything to the contrary contained in this Section&nbsp;10.1(b), Parent, the Surviving Entity or its Subsidiaries may
take any action in respect of U.S. domestic sales or use Taxes or Tax Returns, <I>provided</I> that (A)&nbsp;Parent, the Surviving Entity or its Subsidiaries provide prior written notification to the Member Representative of such action and
(B)&nbsp;no Company Member shall have any Tax liability in respect of such action or that results or arises, directly or indirectly, therefrom, other than under Section&nbsp;9.2(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Tax Returns for the Company or any of its Subsidiaries for <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax
Periods that are filed after the Closing Date shall be prepared by the Company&#146;s Accountants, at the sole cost and expense of the Company Members. All Parties shall reasonably cooperate in the preparation of such Tax Returns. Any such Tax
Return shall be prepared on a basis consistent with those previously prepared for prior Tax years or periods and filed in those jurisdictions where the Company (or the applicable Subsidiary of the Company) previously filed Tax Returns;
<I>provided</I>, <I>however</I>, that the Parties agree that (i)&nbsp;all Transaction Deductions shall be treated as arising in the <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period and (ii)&nbsp;Taxes related to unearned revenues that
have not been recognized for income Tax purposes by the Company or any of its Subsidiaries on the Tax Returns for the Company or any of its Subsidiaries filed prior to the Closing Date shall not be included on any such Tax Returns for any <FONT
STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period and instead shall be included on the Tax Returns that are filed after the Closing Date for Parent, the Surviving Entity and any of their respective Subsidiaries for the Tax periods that begin
on or after the Closing Date. Parent shall not, and shall cause the Surviving Entity and its Subsidiaries not to, waive any carryback of a Tax attribute of the Company or any of its Subsidiaries generated or otherwise attributable to a <FONT
STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period. The Parties shall, to the extent permitted or required under applicable Law, treat the Closing Date as the last day of the Tax period of the Company and its Subsidiaries for all Tax purposes.
Not less than fourteen (14)&nbsp;days prior to the due date of any such Tax Return (including extensions), a copy of any Tax Return proposed to be filed pursuant to this Section&nbsp;10.1(c) shall be delivered to Parent and the Member Representative
for their written approval. In the event of any dispute between Parent and the Member Representative concerning such a Tax Return, the decision of the Company&#146;s Accountants shall be final and binding on the Parties, absent manifest error. To
the extent not taken into account in the calculation of Closing Date Net Working Capital, the Company Members shall pay any and all Taxes due on such Tax Returns to Parent under this Section&nbsp;10.1(c) to the extent such Taxes are allocable to the
<FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Period in accordance with </P>
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Section&nbsp;10.4 at least two (2)&nbsp;Business Days before the payment of Taxes (including estimated Taxes) is due to the taxing authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;The Parties further agree, upon request, to use commercially reasonable efforts to obtain any certificate or other
document from any Governmental Authority or any other Person as may be necessary to mitigate, reduce or eliminate any Tax that could be imposed on the Company Members or Parent (including with respect to the transactions contemplated hereby). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain Taxes and Fees</U>. All transfer, documentary, sales, use, stamp, registration and other such Taxes,
and all conveyance fees, recording charges and other fees and charges (including any penalties and interest) incurred in connection with the transactions contemplated by this Agreement (collectively, &#147;<U>Transfer Taxes</U>&#148;) shall be borne
<FONT STYLE="white-space:nowrap">one-half</FONT> by the Company Members and <FONT STYLE="white-space:nowrap">one-half</FONT> by Parent. Each such Transfer Tax shall be paid when due by the Party on whom such Transfer Tax is imposed, and such Party
shall be promptly reimbursed for the other Party&#146;s share thereof after providing the other Party with evidence of such payment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Allocation of Straddle Period Taxes</U>. In any case where applicable Law does not permit the Company to treat
the Closing Date as the last day of the Tax period, the amount of Taxes that are allocable to the portion of the Straddle Period ending on and including the Closing Date shall: (a)&nbsp;in the case of Taxes imposed on a periodic basis with respect
to the business or assets of the Company, be the amount of such Taxes for the entire Straddle Period multiplied by a fraction, the numerator of which is the number of calendar days in the portion of the Straddle Period ending on and including the
Closing Date, and the denominator of which is the number of calendar days in the entire Straddle Period; and (b)&nbsp;in the case of Taxes that are based upon or related to income or receipts (including any income Taxes), be deemed to be equal to
the amount that would be payable if the Tax period ended on the Closing Date. Notwithstanding the foregoing, any Taxes relating to any transactions not in the ordinary course of business or otherwise unrelated to the transactions contemplated by
this Agreement that occur after the time of the Closing on the Closing Date shall be treated as occurring on the day after the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax Refunds</U>. To the extent not taken into account in the calculation of Closing Date Net Working Capital
and without duplication of Section&nbsp;9.3(a)(vii), the Company Members shall be entitled to any Tax refunds or credits that are actually received by Parent, the Surviving Entity or any of its Subsidiaries on or before the twelve (12)-month
anniversary of the Closing Date attributable to Taxes paid by the Company Members, the Company or any Subsidiary of the Company with respect to any <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period, net of any reasonable costs to Parent
in obtaining such refund or credit. Parent shall pay or cause to be paid over to the Company Members any such refund or the amount of any such credit within five (5)&nbsp;Business Days after actual receipt of such refund or actual realization of
such credit against Taxes. To the extent such refund or credit is subsequently disallowed or required to be returned to the applicable Governmental Authority, the Company Members agree promptly to repay the amount of such refund or credit, together
with any interest, penalties or other additional amounts imposed by such Governmental Authority, to Parent. After the Closing, Parent shall cause the Surviving Entity and its Subsidiaries to continue to work in good faith and use commercially
reasonable efforts to obtain any such Tax refunds or credits. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.5&nbsp;&nbsp;&nbsp;&nbsp;<U>Contests</U>. After the Closing Date, the Parties shall notify
each other in writing within ten (10)&nbsp;Business Days of receipt of any notice of the commencement of any Tax audit or administrative or judicial Tax proceeding relating to the Taxes of the Company in respect of Pre-Closing Tax Periods or
Straddle Periods (&#147;<U>Pre-Closing Tax Proceedings</U>&#148;), the outcome of which may affect the Tax Liabilities or indemnification obligations under this Agreement of another Party. Such notice shall include copies of any notice or other
document received from any Governmental Authority in respect of such audit or other proceeding. Any failure to so notify the other Party of any such <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Proceeding shall not relieve such other
Party of any liability with respect to such <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Proceedings except to the extent such Party was actually prejudiced as a result thereof. The Member Representative shall control the conduct, defense
and settlement of any <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Proceeding solely to the extent the Company Members would be liable for any assessment. Parent shall control the defense and settlement of any other <FONT
STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Proceeding. In all cases, the Party in control of such <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Proceeding shall keep the <FONT STYLE="white-space:nowrap">non-controlling</FONT> Party
informed of any proceedings, events, and developments relating to or in connection with such <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Proceeding and the <FONT STYLE="white-space:nowrap">non-controlling</FONT> Party shall be entitled
to receive copies of all substantive correspondence and documents relating to such audit or other proceeding. If the resolution of any <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Proceeding would be grounds for indemnification under this
Agreement by the Party not in control of the conduct of such audit or other proceeding or otherwise adversely affect the Tax Liability of such <FONT STYLE="white-space:nowrap">non-controlling</FONT> Party: (a)&nbsp;the controlling Party shall
consult with the <FONT STYLE="white-space:nowrap">non-controlling</FONT> Party and shall not enter into any settlement with respect to any such <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Proceeding without the <FONT
STYLE="white-space:nowrap">non-controlling</FONT> Party&#146;s prior written consent, such consent not to be unreasonably withheld, conditioned or delayed; and (b)<U></U>&nbsp;at its own cost and expense, the non-controlling Party shall have the
right to participate (but not control) in the defense of such <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Proceeding. In the event of any conflict between this Section<U></U>&nbsp;10.5 and Section<U></U>&nbsp;9.5(b), this
Section<U></U>&nbsp;10.5 shall control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.6&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax Sharing Agreements</U>. All Tax sharing agreements or similar
agreements between the Company or any Subsidiary, on the one hand, and any of the Company Members and their Affiliates, on the other hand, shall be terminated prior to the Closing Date, and, after the Closing Date, neither the Company nor any
Subsidiary shall be bound thereby or have any liability thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.7&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax Elections</U>. The Company shall
not, and none of the Company Members shall cause the Company to, elect under Section&nbsp;1101(g)(4) of Title XI of the Bipartisan Budget Act of 2015, H.R. 1314, Public Law Number <FONT STYLE="white-space:nowrap">114-74</FONT> (the &#147;<U>Title XI
Partnership Audit Provisions</U>&#148;) to have the amendments made by such provisions apply to any Tax Return of the Company relating to any <FONT STYLE="white-space:nowrap">Pre-Closing</FONT> Tax Period. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;11 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TERMINATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination of the Agreement</U>. Notwithstanding anything to the contrary in this Agreement, this Agreement
may be terminated and the transactions contemplated hereby abandoned at any time prior to the Effective Time as follows: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;by the mutual written agreement of Parent and the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;by Parent or the Company, if the Closing does not occur within ninety (90)&nbsp;days following the execution of
this Agreement (the &#147;<U>Outside Date</U>&#148;); <I>provided</I>, <I>however</I>, that the right to terminate this Agreement pursuant to this Section&nbsp;11.1(b) shall not be available to any Party that is in material breach of any of its
covenants, obligations or agreements set forth in this Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;by Parent or the Company, by written notice
to the other, if any Governmental Authority shall have issued an Order or taken any other action permanently restraining, enjoining or otherwise prohibiting the consummation of the transactions contemplated by this Agreement, and such Order or other
action shall have become final and nonappealable (which Order or other action the terminating party shall have used commercially reasonable efforts to resist, resolve or lift, as applicable); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;by the Company, if: (i)&nbsp;Parent or Merger Sub has breached or failed to perform any of its covenants or other
agreements contained in this Agreement to be complied with by it such that the closing condition set forth in Section&nbsp;7.3(b) would not be satisfied; or (ii)&nbsp;there exists a breach of any representation or warranty of Parent or Merger Sub
contained in this Agreement such that the closing condition set forth in Section&nbsp;7.3(a) would not be satisfied and, in the case of each of clauses (i)&nbsp;and (ii) above, such breach or failure to perform has not been waived in writing by the
Company or cured by Parent or Merger Sub within thirty (30)&nbsp;days after receipt of written notice thereof or is incapable of being cured by Parent or Merger Sub by the Outside Date; <I>provided</I>, <I>however</I>, that the right to terminate
this Agreement pursuant to this Section&nbsp;11.1(d) shall not be available to the Company if the Company is in material breach of any of its covenants, obligations or agreements set forth in this Agreement; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;by Parent, if: (i)&nbsp;the Company has breached or failed to perform any of its covenants or other agreements
contained in this Agreement to be complied with by it such that the closing condition set forth in Section&nbsp;7.2(b) would not be satisfied; or (ii)&nbsp;there exists a breach of any representation or warranty of the Company contained in this
Agreement such that the closing condition set forth in Section&nbsp;7.2(a) would not be satisfied and, in the case of each of clauses (i)&nbsp;and (ii) above, such breach or failure to perform has not been waived in writing by Parent or cured by the
Company within thirty (30)&nbsp;days after receipt of written notice thereof or is incapable of being cured by the Company by the Outside Date; <I>provided</I>, <I>however</I>, that the right to terminate this Agreement pursuant to this
Section&nbsp;11.1(e) shall not be available to Parent if Parent or Merger Sub is in material breach of any of its covenants, obligations or agreements set forth in this Agreement. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Effect of Termination</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;In the event of a termination of this Agreement pursuant to Section&nbsp;11.1 by Parent or the Company, this
Agreement will become void and have no effect, without any Liability or obligation on the part of Parent, Merger Sub, the Company or the Member Representative or any of their respective officers, directors, members, stockholders, managers or
partners, and all rights and obligations of any Party hereto shall cease, except that&nbsp;nothing herein shall relieve any Party hereto of any Liability resulting from Fraud or any willful breach of such
</P>
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Party&#146;s covenants or agreements (but not such Party&#146;s representations or warranties) contained in this Agreement prior to the time of such termination. Notwithstanding the foregoing,
the provisions of Sections 5.3 and 8.4, this Section&nbsp;11.2 and Article&nbsp;12 shall survive any termination of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;If the transactions contemplated by this Agreement are terminated as provided herein: (i)&nbsp;Parent promptly
shall, and shall cause each of its Affiliates and representatives to, return to the Company or destroy (such destruction to be confirmed in writing by Parent to the Company, upon the Company&#146;s request), all confidential documents and other
confidential material received from the Company, the Company Members or any of their respective Affiliates or representatives relating to the transactions contemplated by this Agreement, whether so obtained before or after the execution hereof; and
(ii)&nbsp;all confidential information received by Parent or its Affiliates or representatives with respect to the businesses of the Company, the Company Members or any of their respective Affiliates shall be treated in accordance with the
Confidentiality Agreement, which shall remain in full force and effect notwithstanding the termination of this Agreement. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE&nbsp;12 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MISCELLANEOUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.1&nbsp;&nbsp;&nbsp;&nbsp;<U>No Third Party Beneficiaries</U>. Except as expressly provided herein, this Agreement shall not confer any
rights or remedies upon any Person other than the Parties and their respective successors and permitted assigns. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire Agreement</U>. This Agreement (including the documents and the instruments referred to herein), together
with the Confidentiality Agreement, constitutes the entire agreement among the Parties and supersedes any prior understandings, agreements, or representations by or among the Parties, written or oral, to the extent they relate in any way to the
subject matter hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Succession and Assignment</U>. Neither this Agreement nor any of the rights,
interests or obligations hereunder may be assigned by any of the Parties, in whole or in part (whether by operation of law or otherwise), without the prior written consent of the other Parties. Subject to the preceding sentence, this Agreement shall
be binding upon, inure to the benefit of and be enforceable by the Parties and their respective successors and permitted assigns. Any purported assignment in violation of the provisions of this Agreement shall be null and void ab initio. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>. This Agreement may be executed in any number of counterparts, and by the different Parties in
separate counterparts, each of which when executed shall be deemed an original, but all of which shall be considered one and the same agreement, and shall become effective when each Party has received counterparts signed by each of the other Parties
(it being understood and agreed that delivery of a signed counterpart signature page to this Agreement by facsimile transmission, by electronic mail in portable document format (&#147;<U>.</U><U>pdf</U>&#148;) form, or by any other electronic means
intended to preserve the original graphic and pictorial appearance of a document) shall constitute valid and sufficient delivery thereof. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.5&nbsp;&nbsp;&nbsp;&nbsp;<U>Headings; Interpretation</U>. The title of and the section and
paragraph headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of any of the terms or provisions of this Agreement. The term &#147;this Agreement&#148; means this
Agreement and Plan of Merger together with all Schedules and Exhibits hereto, as the same may from time to time be amended, modified, supplemented or restated in accordance with the terms hereof. The use in this Agreement of the term
&#147;including&#148; means &#147;including, without limitation.&#148; The words &#147;herein,&#148; &#147;hereof,&#148; &#147;hereunder&#148; and other words of similar import refer to this Agreement as a whole, including the Schedules and Exhibits
hereto, and not to any particular section, subsection, paragraph, subparagraph or clause contained in this Agreement. The use herein of the masculine, feminine or neuter forms shall also denote the other forms, as in each case the context may
require or permit. Where specific language is used to clarify by example a general statement contained herein, such specific language shall not be deemed to modify, limit or restrict in any manner the construction of the general statement to which
it relates. All references herein to &#147;$&#148; or dollars shall refer to United States dollars. All references to the Company and its Subsidiaries complying in &#147;material&#148; respects shall be determined by the compliance of the Company
and its Subsidiaries in the aggregate and not with respect to any single entity alone. When reference is made to information that has been &#147;made available,&#148; &#147;provided&#148; or &#147;delivered&#148; to Parent, that shall mean that such
information was either contained in the Company&#146;s electronic data room maintained at bakerlaw.firmex.com or delivered to Parent or its counsel, in each case at least two (2)&nbsp;Business Days prior to the date of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.6&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>. Any and all notices or other communications or deliveries required or permitted to be provided
hereunder shall be in writing and shall be deemed to have been duly given and effective: (a)&nbsp;on the date of transmission, if such notice or communication is sent via facsimile or email and receipt is confirmed, at the facsimile number or email
address specified in this Section&nbsp;12.6, prior to 5:00 p.m., Pacific time, on a Business Day; (b)&nbsp;on the first (1st) Business Day after the date of transmission, if such notice or communication is sent via facsimile or electronic mail at
the facsimile number or email address specified in this Section&nbsp;12.6 (i) at or after 5:00 p.m., Pacific Time, on a Business Day or (ii)&nbsp;on a day that is not a Business Day; (c)&nbsp;when received, if sent by nationally recognized overnight
courier service; or (d)&nbsp;upon actual receipt by the Party to whom such notice is required or permitted to be given. The address for such notices and communications (unless changed by the applicable Party by like notice) shall be as follows: </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-66- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If to the Company: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">travisMathew,&nbsp;LLC </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">15202
Graham Street </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Huntington Beach, California 92649 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention:&nbsp;&nbsp;&nbsp;&nbsp;Travis Brasher </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive
Officer </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">with a copy (which shall not constitute notice) to: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Baker&nbsp;&amp; Hostetler&nbsp;LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">600 Anton Boulevard </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Suite 900
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Costa Mesa, California 92626-7221 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention:&nbsp;&nbsp;&nbsp;&nbsp;Goodarz T. Agahi </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If to the Member Representative: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">John Kruger </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">3562 Courtside
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Huntington Beach, California 92949 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">with a copy (which shall not constitute notice) to: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Baker&nbsp;&amp; Hostetler&nbsp;LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">600 Anton Boulevard </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Suite 900
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Costa Mesa, California 92626-7221 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention:&nbsp;&nbsp;&nbsp;&nbsp;Goodarz T. Agahi </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If to Parent or Merger Sub (or, from and after the Effective Time, the Surviving Entity): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Callaway Golf Company </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">2180
Rutherford Road </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Carlsbad, California 92008 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention:&nbsp;&nbsp;&nbsp;&nbsp;Brian P. Lynch </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">with a copy (which shall not constitute notice) to: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Latham&nbsp;&amp; Watkins LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">12670 High Bluff Drive </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">San
Diego, California 92130 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention:&nbsp;&nbsp;&nbsp;&nbsp;Craig M. Garner </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.7&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing Law</U>. This Agreement shall be governed by and construed in accordance with the Laws of the State
of California (including in respect of the statute of limitations or other limitations period applicable to any state Law claim, controversy or dispute) that apply to agreements made and performed entirely within the State of California, without
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-67- </P>


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regard to the conflicts of law provisions thereof or of any other jurisdiction. Each Party agrees and acknowledges that the application of the Laws of the State of California is reasonable and
appropriate based upon the Parties&#146; respective interests and contacts with the State of California. Each of the Parties waives any right or interest in having the Laws of any other state, including specifically, state Law regarding the statute
of limitation or other limitations period, apply to any Party&#146;s state Law claim, controversy or dispute which in any way arises out of or relates to this Agreement or the transactions contemplated hereby. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.8&nbsp;&nbsp;&nbsp;&nbsp;<U>Submission </U><U>To</U><U> Jurisdiction; Waiver of Jury Trial</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Each Party hereto irrevocably agrees that any Action arising out of or relating to this Agreement or any of the
transactions contemplated hereby shall be brought and determined in the United States District Court for the Central District of California sitting in the County of Orange (or, if subject matter jurisdiction in that court is not available, in the
state courts of the State of California sitting in the County of Orange) (and each such Party shall not bring any Action arising out of or relating to this Agreement or any of the transactions contemplated hereby in any court other than the
aforesaid courts), and each Party hereto hereby irrevocably submits with regard to any such Action for itself and in respect to its property, generally and unconditionally, to the exclusive jurisdiction of the aforesaid courts. Each Party hereto
hereby irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any such Action: (i)&nbsp;any claim that it is not personally subject to the jurisdiction of the above-named courts for any reason
other than the failure to lawfully serve process; (ii)&nbsp;that it or its property is exempt or immune from jurisdiction of such courts or from any legal process commenced in such courts (whether through service of notice, attachment prior to
judgment, attachment in aid of execution of judgment, execution of judgment or otherwise); and (iii)&nbsp;that (A) such Action in any such court is brought in an inconvenient forum; (B)&nbsp;the venue of such Action is improper; and (C)&nbsp;this
Agreement, the transactions contemplated hereby or the subject matter hereof or thereof, may not be enforced in or by such courts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO
INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO CERTIFIES AND ACKNOWLEDGES THAT: (I)&nbsp;NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK
TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF ANY SUCH ACTION; (II)&nbsp;SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER; (III)&nbsp;SUCH PARTY MAKES THIS WAIVER VOLUNTARILY; AND (IV)&nbsp;SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 12.8(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.9&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments</U>. Subject to applicable Law, this Agreement may not be amended, modified or supplemented except
by an instrument in writing signed by the Parties. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-68- </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.10&nbsp;&nbsp;&nbsp;&nbsp;<U>Extension; Waiver</U>. At any time prior to the Effective Time,
the Parties may, : (a) extend the time for the performance of any of the obligations or other acts of any Party; (b)&nbsp;waive any inaccuracies in the representations and warranties contained in this Agreement or in any document delivered pursuant
to this Agreement; and (c)&nbsp;waive compliance with any of the agreements or conditions contained in this Agreement or in any document delivered pursuant to this Agreement. Any agreement on the part of a Party to any such extension or waiver shall
be valid only if set forth in an instrument in writing signed on behalf of such Party. The failure of any Party to this Agreement to assert any of its rights under this Agreement or otherwise shall not constitute a waiver of such rights, nor shall
any single or partial exercise of any such rights preclude any other or further exercise thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.11&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U>. If any term, provision, covenant or restriction of this Agreement is held by a court of
competent jurisdiction or other authority to be invalid, void, unenforceable or against its regulatory policy, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall nevertheless remain in full force and effect
and shall in no way be affected, impaired or invalidated. Upon such determination that any term, provision, covenant or restriction is invalid, illegal, void, unenforceable or against regulatory policy, the Parties shall negotiate in good faith to
modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated by this Agreement are consummated as originally contemplated to the greatest extent
possible. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.12&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses</U>. Except (a)&nbsp;for the costs, fees and expenses (including the premium, due
diligence fees charged by the R&amp;W Insurance Company, surplus lines Taxes and fees and insurance broker fees) to obtain the R&amp;W Insurance Policy (the &#147;<U>R&amp;W Insurance Expenses</U>&#148;) which shall be paid as follows: (i) $215,000
of such R&amp;W Insurance Expenses by the Company (the &#147;<U>Company R&amp;W Insurance Expense Portion</U>&#148;) and (ii)&nbsp;the remainder of such R&amp;W Insurance Expenses by Parent, (b)&nbsp;for the costs, fees and expenses of the Escrow
Agent under the Escrow Agreement which shall be paid <FONT STYLE="white-space:nowrap">one-half</FONT> by Parent and <FONT STYLE="white-space:nowrap">one-half</FONT> by the Company, (c)&nbsp;for the Transaction Expenses, which shall be paid by the
Company (it being understood and agreed that any Transaction Expenses, or other fees and expenses allocated to the Company above, not paid at the Closing shall be paid by the Company Members) and (d)&nbsp;as otherwise expressly set forth in this
Agreement, all fees, costs and expenses, including fees and disbursements of counsel, financial advisors, brokers, finders, investment bankers and accountants, incurred in connection with this Agreement and the transactions contemplated hereby shall
be paid by the Party incurring such fees, costs and expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.13&nbsp;&nbsp;&nbsp;&nbsp;<U>Construction</U>. The Parties have
participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties and no presumption or burden of
proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.14&nbsp;&nbsp;&nbsp;&nbsp;<U>Incorporation of Exhibits and Schedules</U>. The Exhibits and Schedules identified in this Agreement are
incorporated herein by reference and made a part hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.15&nbsp;&nbsp;&nbsp;&nbsp;<U>Disclosure Schedules</U>. The Disclosure
Schedules shall be subject to the following terms and conditions: (a)&nbsp;any item disclosed on any particular Schedule or in any particular part </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-69- </P>


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or section of the Disclosure Schedules shall be deemed to be disclosed on all Schedules and in all parts or sections of the Disclosure Schedules to the extent that the relevance of such
disclosure to another section is reasonably apparent on the face of such disclosure notwithstanding the omission of a reference or cross reference thereto; (b)&nbsp;no disclosure of any matter contained in the Disclosure Schedules shall create an
implication that such matter meets any standard of materiality; (c)&nbsp;any disclosures contained in the Disclosure Schedules which refer to a document are qualified in their entirety by reference to the text of such document; and (d)&nbsp;headings
and introductory language have been inserted in the Disclosure Schedules for convenience of reference only and shall to no extent have the effect of amending or changing the express description of the sections as set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.16&nbsp;&nbsp;&nbsp;&nbsp;<U>Specific Performance</U>. The Parties agree that, if any of the provisions of this Agreement were not to be
performed as required by their specific terms or were to be otherwise breached, irreparable damage will occur to the other Parties, no adequate remedy at law would exist and damages would be difficult to determine. It is accordingly agreed that
Parent and Merger Sub, on the one hand, and the Company, on the other hand, shall be entitled to an injunction or injunctions to prevent or restrain breaches or threatened breaches of this Agreement by the other (as applicable) and to enforce
specifically the terms and provisions of this Agreement. No Party shall oppose, argue, contend or otherwise be permitted to raise as a defense that an adequate remedy at law exists or that specific performance or equitable or injunctive relief is
unenforceable, invalid, contrary to law or inequitable for any reason with respect to any breach of this Agreement. Each of the Parties hereby waives: (a)&nbsp;any defenses in any action for specific performance, including the defense that a remedy
at law would be adequate; and (b)&nbsp;any requirement under any Law to post a bond or other security as a prerequisite to obtaining equitable relief. The Parties further agree that by seeking the remedies provided for in this Section&nbsp;12.16,
(i) a Party shall not in any respect waive its right to seek any other form of relief that may be available to a Party under this Agreement (including monetary damages) in the event that this Agreement has been terminated or in the event that the
remedies provided for in this Section&nbsp;12.16 are not available or otherwise are not granted; and (ii)&nbsp;nothing in this Section&nbsp;12.16 shall require any Party to institute any Action for (or limit any Party&#146;s right to institute any
Action for) specific performance under this Section&nbsp;12.16 prior or as a condition to exercising any termination right under Article&nbsp;11 (or pursuing damages prior to or after such termination), nor shall the commencement of any Action
pursuant to this Section&nbsp;12.16 or anything set forth in this Section&nbsp;12.16 restrict or limit any Party&#146;s right to terminate this Agreement in accordance with the terms of Article&nbsp;11 or pursue any other remedies under this
Agreement that may be available then or thereafter. If any Party brings any Action to enforce specifically the performance of the terms and provisions hereof by any other Party, the Outside Date shall automatically be extended by: (A)&nbsp;the
amount of time during which such Action is pending, plus twenty (20)&nbsp;Business Days; or (B)&nbsp;such other time period established by the California court presiding over such Action. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.17&nbsp;&nbsp;&nbsp;&nbsp;<U>Member Representative</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Appointment; Authority</U>. For purposes of this Agreement, each Company Member shall, without any further action
on the part of any such Company Member, be deemed (by virtue of the adoption of this Agreement and the approval of the transactions contemplated hereby, including the Merger) to have consented to the appointment of John Kruger as the
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-70- </P>


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representative and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact</FONT></FONT> for and on behalf of such Company Member (in his capacity as such, the
&#147;<U>Member Representative</U>&#148;), with full power of substitution, to act in the name, place and stead of such Company Member for purposes taking any and all actions and making of any decisions required or permitted to be taken by the
Member Representative under or contemplated by this Agreement and the Ancillary Agreements, including the exercise of the power to: (i)&nbsp;execute this Agreement, any Ancillary Agreement and any other agreements, documents and certificates
pursuant to such agreements, including all amendments to such agreements, and take all actions required or permitted to be taken under such agreements; (ii)&nbsp;resolve, agree to, negotiate, enter into settlements and compromises of, and comply
with orders of courts and awards of arbitrators with respect to, indemnification or other claims; (iii)&nbsp;receive and forward notices and communications pursuant to this Agreement and any Ancillary Agreement; and (iv)&nbsp;take all other actions
necessary, desirable or appropriate in the judgment of the Member Representative for the accomplishment of the foregoing and all of the other terms, conditions and limitations of this Agreement, any Ancillary Agreement and any other agreements,
documents and certificates pursuant thereto. John Kruger hereby accepts his appointment as the Member Representative. All decisions, actions, consents and instructions of the Member Representative shall be final and binding upon all the Company
Members, and no Company Member shall have any right to object, dissent, protest or otherwise contest the same, except for fraud, bad faith or willful misconduct. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Replacement</U>. The Company Members entitled to at least a majority of the Final Merger Consideration can
appoint a new Member Representative by written consent and by sending notice and a copy of the duly executed written consent appointing such new Member Representative to Parent. Such appointment will be effective upon the later of the date indicated
in the consent or the date such consent is received by Parent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses and Liabilities</U>. Any fees,
costs, expenses or other Liabilities incurred by the Member Representative in connection with the performance of its duties under this Agreement or any Ancillary Agreement (&#147;<U>Member Representative Expenses</U>&#148;) shall not be the personal
obligation of the Member Representative but shall be payable by and attributable to the Company Members (in accordance with their respective Pro Rata Share). The Member Representative Expenses shall be satisfied from the Member Representative
Reimbursement Fund; <I>provided</I>, <I>however</I>, that in the event that the Member Representative Reimbursement Fund is exhausted prior to fully satisfying the Member Representative Expenses, from the Company Members, severally and not jointly,
on a Pro Rata Share basis. The Member Representative may from time to time submit invoices to the Company Members covering such Member Representative Expenses and, upon the request of any Company Member, shall provide such Company Member with an
accounting of all Member Representative Expenses paid. As soon as practicable after the date on which the final obligation of the Member Representative under this Agreement and the Escrow Agreement have been discharged or such other date as Member
Representative deems appropriate, the Member Representative shall release to each Company Member an amount equal to such Company Member&#146;s Pro Rata Share of the balance of the funds in the Member Representative Reimbursement Fund (including any
interest accrued or income otherwise earned on the Member Representative Reimbursement Amount). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Liability</U>. Neither the Member Representative nor any agent employed by the Member Representative shall incur any Liability to any Company Member relating to the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-71- </P>


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performance of its duties hereunder except for actions or omissions constituting fraud, bad faith or willful misconduct. The Member Representative shall not have by reason of this Agreement a
fiduciary relationship in respect of any Company Member, except in respect of amounts actually received on behalf of such Company Member. The Member Representative shall not be required to make any inquiry concerning the performance or observance of
any of the terms, provisions or conditions of this Agreement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.18&nbsp;&nbsp;&nbsp;&nbsp;<U>Conflicts; Privileges</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;It is acknowledged by each of the Parties that the Company has retained Baker&nbsp;&amp; Hostetler&nbsp;LLP
(&#147;<U>BakerHostetler</U>&#148;) to act as its counsel in connection with the negotiation and execution of this Agreement and the transactions contemplated by this Agreement and that BakerHostetler has not acted as counsel for any other Person in
connection with the transactions contemplated by this Agreement and that no other Party to this Agreement has the status of a client of BakerHostetler for conflict of interest or any other purposes as a result thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Parent hereby agrees that, in the event that a dispute arises between Parent or any of its Affiliates (including,
after the Effective Time, the Surviving Entity or any of its Subsidiaries) and any Company Member or any of its Affiliates (including, prior to the Effective Time, the Company or any of its Subsidiaries), BakerHostetler may represent the Company
Member or any such Affiliate in such dispute, even though the interests of the Company Member or such Affiliate may be directly adverse to Parent or any of its Affiliates (including, after the Effective Time, the Surviving Entity or any of its
Subsidiaries), and even though BakerHostetler may have represented the Company or a Subsidiary in a manner substantially related to such dispute, or may be handling ongoing matters for Parent, the Surviving Entity or any of its Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Parent hereby waives, on behalf of itself and each of its Affiliates (including, after the Effective Time, the
Surviving Entity and its Subsidiaries): (i) any claim that it has or may have that BakerHostetler has a conflict in interest in connection with or is otherwise prohibited from engaging in such representations; and (ii)&nbsp;agrees that, in the event
that a dispute arises after the Effective Time between Parent or any of its Affiliates (including the Surviving Entity or any of its Subsidiaries) and any Company Member or any of its Affiliates, BakerHostetler may represent any such party in such
dispute, even though the interest of any such party may be directly adverse to Parent or any of its Affiliates (including the Surviving Entity or any of its Subsidiaries), and even though BakerHostetler may have represented the Company or a
Subsidiary of the Company in a matter substantially related to such dispute, or may be handling ongoing matters for Parent, the Surviving Entity or any of its Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;Parent, on behalf of itself and each of its Affiliates (including, after the Effective Time, the Surviving Entity
and its Subsidiaries) further agrees that, as to all communications among BakerHostetler, the Company and its Subsidiaries made in connection with the negotiation, preparation, execution, delivery and closing under, or any dispute arising in
connection with, this Agreement or the transactions contemplated by this Agreement (&#147;<U>Privileged Information</U>&#148;), the attorney-client privilege, the expectation of client confidence and all other rights to any evidentiary privilege
belong to the Company and may be controlled by the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-72- </P>


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Member Representative and shall not pass to or be claimed by Parent, the Surviving Entity or any of its Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement, prior to the Effective Time, the Member Representative
shall be permitted to remove or redact from the Company, its Subsidiaries and their respective Affiliates any portion (and only such portion) of any email, document and other records containing Privileged Information. The Member Representative
agrees that any email, document and other record temporarily removed for analysis to determine the presence of Privileged Information pursuant to the first sentence of this Section&nbsp;12.18(e) shall be returned to the Company or its Subsidiaries
promptly following the completion of such review if it is determined by the Member Representative that such email, document or other record does not contain Privileged Information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Remainder of page intentionally left blank.</I>] </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties have executed this Agreement and Plan of Merger on the date first
above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
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<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"><B>&#147;PARENT&#148;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CALLAWAY GOLF COMPANY,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a Delaware
corporation</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Brian P. Lynch</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Brian P. Lynch</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Senior Vice President, Chief Financial Officer, General Counsel and Corporate Secretary</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"><B>&#147;MERGER SUB&#148;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">OTP LLC,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a California limited
liability company</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Brian P. Lynch</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Brian P. Lynch</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">President, Chief Executive Officer and Corporate Secretary</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>&#147;COMPANY&#148;</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TRAVISMATHEW,&nbsp;LLC,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a California limited liability
company</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Travis Brasher</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Travis Brasher</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"><B>&#147;MEMBER REPRESENTATIVE&#148;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ John Kruger</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">John Kruger, an individual</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature page to
Agreement and Plan of Merger</I>] </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g417554g0804084353701.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="22%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Contact:</B>&nbsp;&nbsp;Brian Lynch</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patrick Burke</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(760)
<FONT STYLE="white-space:nowrap">931-1771</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CALLAWAY GOLF COMPANY </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO ACQUIRE TRAVISMATHEW FOR $125.5 MILLION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CARLSBAD, Calif., August</B><B></B><B>&nbsp;3, 2017 &#150; </B>Callaway Golf Company (NYSE:ELY) announced today it has entered into a definitive agreement
to acquire TravisMathew, LLC, a high-growth golf and lifestyle apparel company, for $125.5&nbsp;million in an <FONT STYLE="white-space:nowrap">all-cash</FONT> transaction, subject to a working capital adjustment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;We are very excited about this acquisition,&#148; commented Chip Brewer, President and Chief Executive Officer of Callaway Golf Company. &#147;With its
golf heritage, culture of product excellence and double-digit growth in the golf and lifestyle apparel business, TravisMathew is a great fit with our business, brands, culture and our strategy to grow in areas tangential to golf. This
acquisition,&nbsp;once completed, is expected to be slightly accretive to earnings in 2018 and create significant value for our shareholders&nbsp;over the long-term. We look forward to working with the TravisMathew management team to maximize this
brand&#146;s growth potential.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The acquisition is subject to customary closing conditions, including securing regulatory approvals, and is expected
to close in the third quarter of 2017. Post-acquisition, TravisMathew will continue to operate out of its Huntington Beach, California headquarters. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
purchase price values TravisMathew at a multiple of approximately 11.8 times projected 2017 full year adjusted EBITDA. Callaway also expects to realize significant value from potential tax benefits associated with the transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2017, TravisMathew&#146;s net sales are expected to be in the range of <FONT STYLE="white-space:nowrap">$55-60&nbsp;million,</FONT> of which approximately <FONT
STYLE="white-space:nowrap">$10-15&nbsp;million</FONT> will contribute to Callaway&#146;s 2017 second half financial results assuming the transaction closes in the third quarter of 2017. Including approximately $5&nbsp;million of estimated
transaction expenses and incremental <FONT STYLE="white-space:nowrap">non-cash</FONT> expense resulting from the acquisition purchase accounting adjustments, TravisMathew is expected to be approximately $0.04 dilutive to Callaway&#146;s 2017
earnings per share but is expected to be slightly accretive in 2018 after taking into account anticipated financing costs and incremental investment in the business to support future growth. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Callaway intends to finance the transaction with cash on hand and borrowings from its asset-backed credit facilities. Latham&nbsp;&amp; Watkins LLP acted as
legal counsel and Lazard </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
acted as financial advisor to Callaway. Baker&nbsp;&amp; Hostetler LLP acted as legal counsel and Moss Adams Capital LLC and Optivest IB acted as financial advisor to TravisMathew. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking Statements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Statements used in this press
release that relate to future plans, events, financial results, performance or prospects, including statements relating to the expected benefits of the TravisMathew transaction, including the impact on earnings, revenues and EBITDA, operational
synergies, diversification and growth opportunities, potential tax benefits and the future business and prospects of Callaway and TravisMathew are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995.
These statements are based upon current information and expectations. Accurately estimating the forward-looking statements is based upon various risks and unknowns, including unanticipated difficulties or expenditures relating to the transaction or
the realization of the anticipated synergies and other benefits; the response of customers, suppliers and others to the announcement of the transaction; potential difficulties in employee retention as a result of the transaction;<I>
</I>Callaway&#146;s future performance and its ability to realize the expected tax benefits; consumer acceptance of and demand for the company&#146;s products; the level of promotional activity in the marketplace; unfavorable weather conditions;
future consumer discretionary purchasing activity, which can be significantly adversely affected by unfavorable economic or market conditions; future retailer purchasing activity, which can be significantly negatively affected by adverse industry
conditions and overall retail inventory levels; and future changes in foreign currency exchange rates and the degree of effectiveness of the company&#146;s hedging programs. Actual results may differ materially from those estimated or anticipated as
a result of these risks and unknowns or other risks and uncertainties. For additional information concerning these and other risks and uncertainties that could affect these statements, see Callaway&#146;s Annual Report on Form <FONT
STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2016 as well as other risks and uncertainties detailed from time to time in Callaway&#146;s reports on Forms <FONT STYLE="white-space:nowrap">10-K,</FONT> <FONT
STYLE="white-space:nowrap">10-Q</FONT> and <FONT STYLE="white-space:nowrap">8-K</FONT> subsequently filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak
only as of the date hereof. Callaway undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Callaway Golf </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Through an unwavering commitment
to innovation, Callaway Golf Company (NYSE:ELY) creates products designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells bags, accessories and apparel in the golf and lifestyle
categories, under the Callaway Golf<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Odyssey<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, and OGIO brands worldwide. For more information please visit
<U>www.callawaygolf.com</U>, <U>www.odysseygolf.com</U> and <U>www.ogio.com</U>. </I></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About TravisMathew </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Founded in 2007, TravisMathew is an iconic men&#146;s sportswear brand with premium domestic distribution in better department stores, <FONT
STYLE="white-space:nowrap">high-end</FONT> country clubs, resorts and TravisMathew&#146;s experiential retail stores. TravisMathew draws its inspiration from all aspects of Southern California culture and lifestyle. With a focus on constant
innovation and extraordinary quality, </I></P>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>
TravisMathew designs and sells premium men&#146;s apparel for work and play. TravisMathew is throwing a party, and you&#146;re invited. For more information please visit
<U>www.travismathew.com.</U> </I></P>
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